Short overview of Gerchik & CO company
The company was founded by two experienced traders – the well-known Alexander Gerchik and his partner Ivan Kroshny. The brokerage firm Gerchik & Co started its operations in 2015 and has undergone several changes since then. The main focus of the company is trading in the Forex market, investment management, and trading educational programs.
Gerchik & CO Limited is registered in Vanuatu. The official website presents a license from the financial regulator of this island state – Vanuatu Financial Services Commission, issued on August 30, 2018.
Among the company’s contacts, you will find an email, a feedback form on the website, Skype, and three phone numbers: 0 800 210 216 for Ukrainian clients, 8 800 333 27 54 for Russians, and +44-203-318-42-01 for international English-speaking support. The company also has its pages on various social networks.
Personal account in Gerchik & Co
Registration with the company is quick and easy. You will need to fill out a form, providing the following information:
- name,
- surname,
- citizenship,
- phone number,
- email.
Next, you will need to create a strong password, review the main documents, and enter the anti-bot protection code. A confirmation link will be sent to the contacts you provided.
Do not forget to carefully study the Client Agreement and Personal Data Processing Rules.
Trading instruments and platform
The company offers access to 383 different trading instruments, including:
- currency pairs,
- indices,
- stocks,
- precious metals,
- commodities,
- cryptocurrencies.
The popular MT4 trading platform is offered. You can download this terminal in the trader’s personal account after registration at no additional cost.
Trading accounts at “Gerchik and Co”
The company offers 6 types of trading accounts with a classic approach: the higher the entry threshold, the more opportunities and privileges.
Easy start: minimum deposit of $100, trades from 0.01 lot. Access to webinars and risk management service is provided. The maximum leverage is the same for all account types – 1:100.
Mini account: available with an investment from $500. Algorithmic trading is added to the account’s features for beginners. The commission per lot is $10, same as the previous account.
Simple account: requires a deposit of $1,000. The minimum lot here is 0.10, spreads from zero. Access to a special service with trader statistics is added.
Silver account: from $10,000. The commission per lot is no longer $10 as with previous accounts, but $9 per lot.
Gold account: deposit from $25,000 and above. The commission per lot is reduced to $8.
Platinum account: this account offers maximum opportunities, available with an investment from $100,000 and above. Traders are offered zero spreads, a minimum commission of $7 per lot, development of individual trading robots, and personal consultations with Alexander Gerchik.
There is also a demo account available after registration and without real investments.
Account funding and withdrawal from Gerchik & Co
The company offers various methods of depositing funds and withdrawing, including:
- Visa, MasterCard cards,
- bank accounts,
- major payment systems,
- electronic wallets,
- cryptocurrency wallets.
The minimum withdrawal amount is $1. There are no upper limits on withdrawals, but the company warns about the possibility of setting limits for bank transfers in different countries.
Transactions are conducted in euros or US dollars. The website has a detailed table with information on all available methods.
Conclusion about “Gerchik and Co”
The brokerage firm is legally registered and licensed in Vanuatu. However, it should be noted that outside of this island state, this document may not have legal force.
The company provides a variety of services. Some clients complain about the aggressive promotion of some of them, such as education at Alexander Gerchik’s trading school or investing through trust management. It is recommended to clearly define your goals and assess acceptable risks.