Gerchik&Co Broker Review 2025

Gerchik & Co offers 2 account types, with a minimum deposit requirement of $10.

The broker supports MetaTrader 4 (MT4) and MetaTrader 5 (MT5) platforms, and offers 2 account types include ZERO and Premium.

Additionally, it features unique tools like CopyTrading and Algorithmic Trading, and proprietary tools like Risk Manager and Algorithm Developer.

Company Information & Regulation status

Gerchik&Co is more than just a forex broker it's an educational trading ecosystem designed to nurture safe and profitable trading practices.

The company's foundation rests on the expertise of Alexander Gerchik, who was dubbed the "safest trader" by Mojo Wall Street Warriors in 2006. 

This accolade speaks volumes about the company's commitment to risk management and trader education.

For a clear overview of the company’s regulatory and operational structure, see the table below:

Both branches operate under distinct regulatory frameworks while offering high leverage and global client access.

Summary of Specifics

Gerchik&Co's website is a treasure trove of trading resources, featuring training programs, mini-courses, and a magazine with news and articles. The broker's global presence and extensive range of trading instruments make it a versatile choice for traders worldwide.

With fast execution speeds and competitive spreads, Gerchik&Co caters to various trading styles and strategies.

Gerchik&Co offers tailored account types designed to meet the needs of both beginner and professional traders. Each account features specific deposit requirements, fee structures, spreads, and leverage levels to optimize trading efficiency.

Algorithmic trading is supported across all accounts, ensuring flexibility for modern trading strategies.

Below is a detailed comparison of the available account types:

Gerchik&Co Advantages and Disadvantages

Gerchik&Co's strengths lie in its diverse asset offering, competitive trading conditions, and robust educational resources.

As you can see Gerchik&Co advantages overweight its drawbacks. The broker's proprietary tools, like the Risk Manager and Algorithm Developer, set it apart from many competitors. However, traders should be aware of the potential limitations in regulatory oversight and geographic availability.

Gerchik&Co Signing Up & Verification: Complete Guide

Signing up with Gerchik&Co is a straightforward process, but for a limitless experience, you must also verify your identity. Both are explained in the following sections.

#1 Go to the Website

Visit the official website and click on the "Open Account" button.

#2 Fill Out the Form

On the Signup tab, fill in the required personal information:

• Name
• Surname
• Email
• Nobile
• Country

After providing the mentioned data, set a password for your account and repeat it. Then, verify your email address.

#3 Identity Verification

1. Verify your phone number by the SMS sent to your account;
2. Select your country of residence;
3. Submit proof of identity (passport or government-issued ID);
4. Complete any additional KYC (Know Your Customer) requirements as requested.

Tips for a smooth verification:

• Ensure all documents are clear and legible;
• Use recent documents (usually within the last 3-6 months for proof of address);
• Be prepared to provide additional information if requested.

Remember, the verification process is crucial for maintaining the security and integrity of the trading environment.

Gerchik&Co Broker Trading Platforms

Gerchik&Co offers industry-standard trading platforms along with proprietary tools:

1. MetaTrader 4 (MT4):

• Intuitive and easy-to-navigate interface
• Powerful charting tools for detailed analysis
• Supports automated trading using Expert Advisors (EAs)
• Available for download on desktop, mobile, and web platform

2. MetaTrader 5 (MT5):

• Upgraded version of MT4 with additional features
• Offers more timeframes and analytical resources
• Allows trading across a broader range of asset classes
• Includes the advanced Market Depth functionality

These platforms and tools combine to create a powerful trading ecosystem catering to novice and pro traders.

Spreads and Commissions

The broker offers competitive pricing across its account types:

• ZERO Account: Spreads from 1 pip, no commission
• Platinum: 0 spread, $8 commission

The broker's commitment to tight spreads and commission-free trading makes it an attractive option for traders of all levels. However, it's important to note that spreads may widen during volatile market conditions or for less liquid instruments.

Swap Fee at Gerchik&Co

At Gerchik&Co, swap fees are applied when positions are held overnight. These fees are determined by the interest rate differentials between the currencies involved in a trade.

The broker offers a comprehensive swap table detailing rates for various instruments.

Here are some key points to consider:

• Swap Calculation Methods: Swaps can be calculated in pips or percentages, depending on the instrument and position type;
• For XAUUSD, the long position swap is -63.95 pips and the short position swap is 36.24 pips; for XAUEUR, long is -28.43 pips and short is 13.75 pips;
• For AUDCAD, the long position swap is 1.32 pips and the short position swap is -4.96 pips; for AUDCHF, long is 3.37 pips and short is -7.86 pips;
• Islamic Account Option: Muslim traders can opt for swap-free (Islamic), where weekly swap totals are converted into a fixed commission.

Non-Trading Fees at Gerchik&Co

At Gerchik&Co, non-trading fees are minimal and primarily associated with account funding and withdrawal processes.

The broker strives to maintain transparency and cost-effectiveness for its clients. Understanding these fees is essential for effective financial planning.

Here are the key non-trading costs to consider:

• Withdrawal Fees: SEPA bank transfers incur a fee of €20 per transaction;
• Cryptocurrency Withdrawals: A fee of 0.5% applies, with a minimum charge of 0.005 BTC plus blockchain transaction fees;
• Payment Card Withdrawals: Mastercard withdrawals are subject to a 2% fee;
• Volet Withdrawals: A fee of 0.5% applies per transaction.

 Deposit & Withdrawal Methods

Gerchik&Co, as one of the forex brokers, provides various options for funding and withdrawing from trading accounts:

1. Deposit methods:

• Bank transfer (SEPA)
• Mastercard
• Perfect Money
• Volet

2. Withdrawal methods:

Same as deposit methods (to comply with anti-money laundering regulations).

Key points:

• Minimum deposit varies by account type;
• No fees charged by Gerchik&Co for deposits or withdrawals (third-party fees may apply);
• Withdrawal requests processed within 1-2 days.

Always check the most up-to-date information on the broker's website for specific details on deposit and withdrawal processes and any associated fees.

Deposit Methods at Gerchik&Co

Gerchik&Co offers a diverse range of deposit methods to accommodate traders worldwide. The broker provides options including traditional bank transfers, payment cards, and various cryptocurrencies.

Each method has its own set of characteristics regarding fees, processing times, and supported currencies.

Below is a detailed overview of the available deposit methods:

Withdrawal Methods at Gerchik&Co

Gerchik&Co provides a variety of withdrawal options to cater to its global clientele. The broker ensures that funds can be withdrawn using the same method and currency as the initial deposit, adhering to the proportional withdrawal principle.

All withdrawal requests are processed during business hours, from Monday to Friday, 9:00 AM to 6:00 PM (UTC+3).

Below is a detailed overview of the available withdrawal methods:

Copy Trading & Investment Options Offered on Gerchik&Co

The broker offers several options for those interested in social trading, copy trading and passive investment.

These options provide flexibility for traders who want to leverage the expertise of others or automate their trading strategies. However, it's crucial to understand that past performance doesn't guarantee future results, and all trading carries inherent risks.

Gerchik&Co Tradable Markets & Symbols Overview

Gerchik&Co offers a diverse range of trading instruments across various markets, catering to both novice and professional traders.

With over 870 instruments available, traders have access to a comprehensive suite of assets. The broker provides competitive leverage options, enhancing trading flexibility.

Below is a detailed overview of the available instruments and markets:

This wide selection allows traders to diversify their portfolios and exploit opportunities across various markets. The availability of CFDs on stocks and ETFs is particularly noteworthy, as it provides access to global equities markets without requiring direct stock ownership.

Bonuses and Promotions

When new clients open an account and make a deposit, they become eligible for a promotional giveaway.

This offer not only provides access to competitive trading conditions, exclusive services, and professional training from Alex Gerchik at Gerchik & Co, but it also gives participants the chance to win a cash prize.

Essentially, the company is attracting new traders by combining high-quality trading tools and opportunities with the added benefit of a potential monetary reward. The giveaway serves as an additional motivation to join, beyond the usual features of the platform.

Gerchik&Co Awards

Gerchik&Co awards highlight the broker's dedication to excellence, innovation, and client-focused services in the financial trading industry.

These accolades showcase the company's achievements and recognition on both international and regional levels.

Here are some notable Gerchik&Co Awards:

• Best Broker in Dynamic Development 2019
• Breakthrough of the Year 2015
• Top 3 in Best Order Execution 2021

Customer Support

The broker provides customer support through multiple channels:

• Email support: support@gerchik.co
• Skype & Telegram Bot Support
• Live chat on the website
• Phone support

Support is available 24/5 (from 9:00 a.m.– 6:00 p.m (GMT +2)). The broker's commitment to education is evident in its comprehensive support structure, which aims to assist traders with technical issues and improve their trading knowledge and skills.

Gerchik&Co List of Restricted Countries

Gerchik & Co operates globally, but regulatory restrictions apply:

• Pakistan
• USA
• Canada

Clients from other countries can trade with Gerchik & Co if they provide the required documentation.

Please be aware that this list may not be exhaustive and restrictions may change. Prospective clients should check the broker's website or contact customer support for the most current information on account eligibility.

Gerchik&Co Broker Trust Scores & Reviews

Gerchik&Co has built a strong reputation in the trading community over 9+ years of operation. The broker with a TrustScore of 4 out of 5 (on Trustpilot), has garnered positive feedback from its users.

The Gerchik&Co Trustpilot profile has a 4.2 out of 5 rating based on seven reviews, the company enjoys high praise for its user-friendly platform and comprehensive training resources.

Users appreciate the broker for the following reasons:

• Transparency
• Professionalism
• Responsive customer service

Education on Gerchik&Co

Gerchik & Co emphasizes education with two key training programs:

• Reboot Trading Course: Developed by Alex Gerchik, this course enhances trading accuracy, risk management, and performance with practical training, including trade examples, charts, and videos. It is available at no extra cost for active clients who replenish their accounts;

• Learn to Trade from Scratch: This risk-free program uses a Mentor Bot to teach trading fundamentals, key price levels, technical analysis, and low-risk strategies. It includes self-assessment tasks and provides additional resources such as a trade entry guide, trading plan, and "Fifty Shades of Forex" Trader’s Handbook.

Comparison of Gerchik&Co with Other Brokerages

Look at the table below for a comparison between Gerchik&Co and its top competitors:

Conclusion and final words

Gerchik&Co has a flexible commission structure ranging from no trading fees to $7 per lot. With a minimum deposit of just $100 and leverage of up to 1:100, Gerchik&Co offers favorable trading conditions.

While Gerchik&Co has limitations, including restrictions in the USA, Canada, and Pakistan, its educational resources and advanced tools make it a strong contender.