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Gerchik & Co review
Gerchik & Co

On-line since: 2015
Country of origin: Belize
Regulation: IFSC
Payment options: VISA, MasterCard, wire transfer, OKPay, QIWI, LavaPay, Wallet One, Bitcoin
Minimum account size: $1000
Minimum lot size: 0.1 lot
Leverage: 1:200
Spreads: from 0 pips

About the company:

Gerchik & Co is a brokerage company founded by popular Russian trader Alexander Gerchik. Alexander started his career in 2000 giving the Active Trading Course seminars.

Gerchik & Co established in 2015 is targeted at the CIS market. The company provides access to online trading of currencies and other financial instruments. Besides, the broker offers its clients to invest to the TIMA accounts and get a passive income. The TIMA account is a trusted investment account, which is based on principles of PAMM investments. Moreover, traders can choose from 58 currency pairs and 14 CFDs. Trading is performed via the MetaTrader4 trading platform.

Gerchik & Co offers the following trading conditions: the minimum deposit from $1,000, the minimum lot size of 0.1, and the leverage of 1:200. Moreover, opening an account traders get access to the company’s free services, including Trader’s Data Diary, LevelForecast Indicator, and the Risk Management program designed to save traders’ deposits.

Besides, the broker’s clients can benefit from analytical reviews, market news, and market analysis videos created by Alexander Gerchik. Moreover, traders can make use of video courses and other educational materials on Forex trading in Alexander Gerchik’s blog.

Gerchik & Co 5/10 (votes 1709)
Comments Interested in other brokers?
Author of Gerchik & Co: Brinoco | Date 2017-08-29
Hi all, I am agree if you are decided to join Gerchick Co as I have been using them for almost 7 months. First, I would like to thank to my trade peer who has encouraged me to be patient once I stepped in this forex trading platform. Along my journey on the platform I experienced that execution was smoothly executed without so much delay. The spread is extremely low started from 0 pips and I must definitely choose which pair to trade to and mostly I choose EUR/USD and so far rate was okay and not much fluctuated. I have requested a withdrawal of $250 through LavaPay and system is well-managed and it is smooth. It took only 48 hours to process when I checked in the bank account money has been successfully credited. Please maintain and keep up the good job. Thanks
Author of Gerchik & Co: Opakonika4x | Date 2017-08-10
Traded with Gerchik & Co broker a while back and witnessed several problems with this broker. I opened a live account deposited Bank wire with $500 through and they credited only $460. When I tried to chat online support they told me that $40 is a transfer fee but they did not mention it their web site. I also fund terrible trading conditions. Last week I saw the USD/JPY go to 35 pips spike. Apart from successful trade cancellation, they tweak their platform, their fixed spread is not fixed as they appear. They increase it without you knowing. I never made any withdrawals, so I don't have any info on that.
Author of Gerchik & Co: Donna | Date 2017-08-04
Very profitable broker. I started with $50 and after 2 years of trading, I got to accumulate $4,000 and every month I withdraw around $250 with QIWI, which charges low commissions for deposits and withdrawals. This broker has a good system of working. Its reps are always pending of the clients. Every time I get in contact with support team, one of the managers replies me fast and give me accurate replies and solves my problems very well, too. The trading conditions are suitable even for professionals. The servers they manage for the trading platform work well, so there isn't delay in the execution of trades and they even allow all type of strategies and the use of EAs.
Author of Gerchik & Co: Aloj | Date 2017-07-14
Last week I opened a live account with them and deposited $5 via Neteller just to test them out. After I deposited it, I am shocked. Normally we pay very less commission or some brokers have free commission for deposit and withdrawal, but I saw in my account that it was less 3.70$ and they have deducted a deposit commission. Also, I had to use MT4 platform from other broker for its much easier to watch several chart simultaneously which Gerchik&Co; platform can't.The server always hang when I want to execute an order, even without news hour. I found it when you trade during London and NY hours.The margin call at times will clear everything including your used margin probably to pay for commission which they don't charge. I have contacted the support about this concern but none of them can give me a reliable answer.
Author of Gerchik & Co: fxzenzu | Date 2017-07-03
Gerchik & Co is a broker that I choose from last month because I feel helped by their analytical reviews, market news, and market analysis videos they provide. Moreover, I use the video courses and other educational materials on Forex to improve my trading strategy. I always got my profit in time, besides I use automatic withdrawals so I no need to wait. But my sister recommend me the other broker because she think Gerchik & Co set minimum account size that still higher than others brokers about $1000. Sometime I feel so, but when I got profit I think it's worth it. But If there are another broker who set lowest minimum account size and gives the same profit, why I not choose that one. Because I think everyone need affordable minimum deposit, especially for newbies. I not close my trading account in this broker, but I may stop trading for a  while.
Author of Gerchik & Co: Verna | Date 2017-06-06
Recently I tried to open a new account with this broker but it seems that they have messed up on verifying my documents. I have spoke to the support for over 8 times which I think they have already verified my account but they just told me that it was still under process. I emailed them now but I only read the same excuse again. I have had to send the same documents over and over to the case that it really bothers me too much. I like this broker but they won't allow me to trade with them. . The amount of mistakes Gerchik&Co; has made is appalling and their petty apologies are meaningless. I will just find another broker.
Author of Gerchik & Co: Submey | Date 2017-05-25
If you found Gerchik co, my advice is please be careful because I experienced using the platform for 3 months and always got frozen platform especially during major news releases. The spread offered is 0 pips for most desired pairs and I noticed it widening and not the fixed one. Before this, I loss nearly to $100 in a trade because of faulty on MT4 platform. I was totally disabled by the system to close my SELL order position manually. When I contacted to support division they were not responsive even lack of professionalism while dealing with their own client. It was really disappointing to work with this broker like this. Guys, just be careful whenever you deal with Gerchik Co!!
Author of Gerchik & Co: Simkus | Date 2017-03-17
I have traded with FX Company for 1 year and I think this broker is the best among other brokers I have worked during trading forex 4 years. FX Company is my third broker, and I have had no complaint with this broker so far. Their staff has been prompt, professional and patient with all my questions. They take me a short time to explain exactly how I can make profits. Thus, I have no issues with withdrawal that I made, because my money always is transferred to my bank in a couple of hours. Therefore, I feel secured with my money in this company, and this broker provides me best conditions for supporting me in trading. Indeed, this broker is a good place both for small and big investors. They are not expensive to trade because the spreads are low and the slippage is minimal. In addition, the MT4 is reliable, and it is easy to work with them. The charts are also comfortable. Also, this broker has low and fixed spreads. All in all, I highly recommend FX Company to all traders.
Author of Gerchik & Co: Tobi | Date 2017-02-08
Gerchick and Co broker does its work really well. Moreso, the best way to know if the broker is good or not is by the withdrawal process. I made this test with Gerchick and CO I deposited $2000 and made some trading on the platform, and withdrew part of the profits. The withdrawal process through Bitcoin took some minutes to my Wallet ID and I was asked to send the copies of my Identity card which I did. I recommend to all traders.
Author of Gerchik & Co: Lau | Date 2017-02-03
Gerchik & Co is a helpful retail broker. My experience so far has been good. Earlier before I started joining, I contacted the company to ask for discount on initial deposits and they approved it. They have no slippage at the moment. At Gerchik & Co, I can trade Forex, gold, silver, oils, major indexes, global equities. Furthermore, daily analysis and forecasts help me a lot in foreseeing the markets.
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