Gerchik & Co – overview of forex trading platform

This online broker started in 2015 and won the award for the FX broker with the fastest growth rate right away. It went on to win several awards.

With an expected CAGR of 6.5% for the global online trading industry, Gerchik and Co. is set to make a mark. The platform boasts over 100,000 users and 5,000 trades per month. Still, there’s more in store for traders who sign up.

Regulation

Gerchik & Co is not regulated, which should be a red flag for any potential customer. The Vanuatu Financial Services Commission has given it a license to work as a broker, but the organization is a pay-to-join organization rather than an overseeing regulatory body. Its financial providers include

• J.B. Finance LLP
• White Heaven SIA
• Gerchik & Co. Consulting OÜ

Gerchik & Co has a Dealing in Securities license. Its physical office in the Govant Building, Kulum Highway, Port Vila, Vanuatu.

Security

Gerchik & Co purports to follow all privacy laws, treating user information as per the General Data Protection Regulation (GDPR). I installed the mobile on my device and noticed that it ran in isolation in my device’s memory. That ensures that third-party applications cannot access it. Overall, user data security is at the iOS operating system level.

Gerchik & Co’s Services

This online broker has an overwhelming range of services to parse through, but we’ll discuss them all here. The risk management tool is an important part of Gerchik & Co’s platform because it gives consistent results.

Furthermore, it is automated to give you a hands-free approach to loss protection. You can customize it to fit your strategy and trading approach.

The confidence that risk management brings allows you to experiment with different trading styles to find the best one. Still, the online broker offers even more to traders. Its features can be summed up as follows:

• Risk manager
• Real market volume
• Algorithmic developer
• Trader statistics
• Gerchik & Co MetaTrader 4
• MetaTrader 5

As you can see, Gerchik & Co has placed an emphasis on automated trading with its MetaTrader 4 and 5 support. This expands your access to global markets with tools like the market watch, time frame options, and chart customizations.

The real volume indicator by Gerchik & Co is another handy tool that can help you find the best levels. From there, you can place your orders at the correct positions and improve your stop-loss settings. It is a tool that shows volume distribution for over 350 instruments.

You can use the trader statistics feature to keep track of your trades. The online broker will sort and analyze your data to provide helpful information. Then, you can evaluate your strategy and make adjustments where necessary.

The algorithmic developer is where things start to get very professional. Still, I found Gerchik & Co’s free trading plan helpful for beginners. Expert traders can then use the available critical parameters to build their own.

A robust trading platform should feature multiple payment methods that cater to a global audience. I understand that transacting in your local currency is the easiest in online brokerage.

Fortunately, Gerchik & Co supports industry-leading options with service times from 9:00 am to 6:00 pm, Monday to Friday. The payment options at this online broker are as shown in the table below, along with the applicable charges and conditions:

Gerchik & Co also accepts other forms of payment, such as Tether, TUSD, Ethereum, the SharPay Visa Card, Litecoin, Dai, USDC, etc. You can fund your account with any of them, but first confirm that it is available in your region.

All deposits can take up to one business day to register in your account, so don’t stress if you don’t see your funds immediately after payment. Mine took a few hours before dropping in my account.

Withdrawals increase the time to two business days, except for a few cryptocurrencies that take one day. The accepted currencies are US dollars and euros. However, some payment options, like SEPA and SWIFT, only accept euros.

If you are ready to jump on the opportunity this online broker offers, here are the account types you can open:

• Zero account: You can start sending your orders to the interbank market with as little as $/€100. This account has a maximum leverage of 1:100 with a minimum lot size of 0.01. Despite its affordability, you can still access Metatrader 4 and 5, unlimited orders, and algorithm trading.
• Mini account: This subscription starts at $/€500, but it reduces the spread to 0.4pp. You will enjoy a $10 fee per lot with unlimited orders.
• Simple account: This one costs $/€1,000 to open, but it brings added benefits. The spreads are non-existent, and you get a minimum lot size of 0.10. Other features are the same as the mini account.

Investors can start propping up their investments with $/€100 and the option to reinvest. The profit payout is periodic; it could come once a week, twice a week, once a month, twice a month, or once a quarter. You will get as much as is outlined in the offer.

I tested the Zero account and it went smoothly. The access to MetaTrader 4 and 5 was welcome when exploring the instruments. While enjoying the investors’ calculator, you can register as a manager with $/€1,000. That brings 1ms execution speed and the best market liquidity.

Gerchik & Co supports CFDs on exchange-traded funds. The preliminary details include the contract size, margin percentage, and swap. You can also view the trading hours and server breaks for each instrument.

This digital brokerage allows traders to hold their positions overnight. Although I did not try it myself, the trading terms state that you may get credited or debited, depending on the conditions. Furthermore, you will find the swap rates in either PIP or percentages.

All instruments have their special swap rates. You will see them once you are ready to trade. Overall, Gerchik & Co provides adequate assets for trading. Here is some wisdom from Rod Casilli to push you forward:

“Trading is not for the dabblers, the dreamers, or the desperate. It requires, above all, one steadfast trait of dedication. So, if you are going to trade, trade like you mean it.”

There are many more trading quotes and tips to keep you motivated. In this world, you need all the help you can get.

• The reboot training course
• Training from scratch

The “reboot” training course provides sample trades, charts, and videos to achieve more consistent trading. Its ready-to-use techniques and strategies partner with home tasks for optimal retention and deployment. From my experience trying out some of the features of the course, it offered decent content, but nothing unique.

Gerchik & Co offers its reboot training for free, but you must choose from two packages. The first is the basic package, which includes five videos and two months of access to the lessons. You will get up to four months of access and the entire course if you opt for the comfort package.

The “training from scratch” course option best suits beginners as it teaches how to use technical analysis for market decisions. It also shows how to make low-risk trades, create a trading plan, and a checklist to enter the market correctly. You will get the “Fifty Shades of Forex” Trader’s Handbook as a bonus.

Customer Support

Gerchik & Co’s customer support is comprehensive. Traders get a full live chat, ready to take on their inquiries with immediate responses Click the little icon with a pop-up saying “What’s Your Question?” on the bottom left of the screen.

If you are in its base country, you can visit the head office at Port Vila, Vanuatu. Notwithstanding, the online broker offers telephone support for Ukraine, Kazakhstan, and the European Union. The last is a telephone service for all English-speaking clients.

The last channels you can use include email, Twitter, and Telegram. I particularly enjoyed the live chat for its quick responses. Emails took longer, but I still got replies.

How long do withdrawals take at Gerchik & Co Ltd.?

Withdrawals often take two business days, except for a few cryptocurrency options that take one working day.

Does Gerchik & Co have an insurance policy?

The FinaCom, or International Financial Commission, protects traders’ interests on the platform. There is a payment compensation of up to €20,000 available.

Is technical analysis available at Gerchick & Co?

This online broker features extensive analysis of the cryptocurrency and forex markets. Also, the study is updated often so that you can keep up with the latest waves and events.

Can I open a demo account with Gerchik & Co?

This online platform supports several accounts, including two demo accounts: the demo mini and the demo simple. Both cost nothing to open, but the demo mini account has a lower minimum lot of 0.01 compared to the simple’s 0.1.

What customer support can I get at Gerchik & Co?

The online broker has a live chat that remains open 24 hours a day. In addition, you’ll get a personal account manager once you open an account. You can reach your manager via email or chat on Telegram and WhatsApp.

Conclusion

Gerchik & Co conducts triaging via different terminals, including MetaTrader 4 and 5. However, the trader’s statistics feature might be the best, as it lets you view your previous trades and adjust your strategy.

You can register as an investor or a manager. The latter costs more, but offers a 1-millisecond execution speed and the best market liquidity. Overall, Gerchik 7 Co is equipped for both beginners and professional traders. You can start with as little as $100.