Gerchik&Co Broker Review 2024

Finding a reliable broker with a wide range of assets and educational resources is crucial for success. Gerchik&Co stands out as a comprehensive solution for traders of all levels, offering over 400 tradable assets in Forex & Stock along with a robust educational platform [reboot plan & Mentor Bot]. Founded by Alexander Gerchik, a renowned trader with over 22 years of experience, this broker has empowered traders worldwide for over 9 years. Let's explore what makes Gerchik&Co broker a top choice for forex and CFD trading in 2023.

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 risk management and trader education commitment. keynotes:

• Gerchik & Co operates under several legal entities, holding licenses for brokerage and financial services across various jurisdictions;
• The company is registered in Vanuatu under license number 40512 for dealing in securities, with its headquarters located in Port Vila. Additionally, financial services are provided through affiliated companies in the UK, Latvia, and Estonia;
• Gerchik & Co also holds an Investment Dealer License in Mauritius (No. GB20025814), with a registered office in Port Louis.

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 Account Types

The broker offers several account types to suit different trading needs and experience levels.

The variety of account options ensures traders can choose the one best fits their trading style and capital.

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:

1. Visit the official website;
2. Click on the "Open Account" button;
3. On the Signup tab, fill in the required personal information (name, surname, email, mobile, and country);
4. Set a passwords and repeat it;
5. Verify your email address.

Verification process:

• verify your phone number by the SMS sent to your account;
• select your country of residence;
• Submit proof of identity (passport or government-issued ID);
• 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;
• Mini Account: Spreads from 0.4 pips, $10 commission;
• Simple Account: Spreads from 0 pips, $10 commission;
• Silver: 0 spread, $9 commission;
• Gold: 0 spread, $8 commission;
• Platinum: 0 spread, $7 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.

 Deposit & Withdrawal Methods

Gerchik&Co 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.

Copy Trading & Investment Options Offered on Gerchik&Co

The broker offers several options for those interested in 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 over 400 tradable assets:

• Forex: over 60 currency pairs, including majors, minors, and exotics;
• Indices: more than 15 global stock indices;
• Commodities: 6 CFDs on metals, 2 on energies, 21 on ETFs;
• Stocks and ETFs.

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.

Customer Support

The broker provides customer support through multiple channels:

• Email support;
• 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.

With an overall Trustpilot rating of 4.2 out of 5 stars 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.

Conclusion and final words

Gerchik&Co [founded in 2015] stands out as a broker that goes beyond simply providing a trading platform. Its strong emphasis on education (reboot course & Mentor Bot), proprietary trading tools, and a wide range of tradable assets offers a comprehensive ecosystem for traders at all levels. The broker's foundation in safe trading practices, as exemplified by its founder, Alexander Gerchik, is evident in its approach to risk management and trader development.

While there are some limitations, such as restricted availability in certain countries [USA, Canada, Pakistan] and reliance on third-party platforms, the advantages of competitive trading conditions, diverse asset offerings, and robust educational resources make Gerchik&Co a strong contender in the forex and CFD brokerage space.

Traders looking for a broker that combines practical education with advanced trading tools and a wide range of markets should consider Gerchik&Co broker. As always, conducting thorough research and considering your trading goals and risk tolerance before choosing any broker is crucial. Write with your thoughts on the Gerchik&Co review in the comments below.