Introduction
Gerchik & Co is a brokerage firm that has been in operation since 2015. The company is based in Belize and is regulated by the International Financial Services Commission (IFSC). The firm offers various trading services including Forex, Indices, Commodities, and CFDs. This article aims to provide a comprehensive review of the company’s services, focusing on aspects such as their trading platforms, account types, customer support, and regulatory status.
Trading Platforms
MetaTrader 4 and MetaTrader 5
Gerchik & Co provides its clients with the popular MetaTrader 4 and MetaTrader 5 trading platforms. These platforms are renowned for their advanced charting tools, multiple order types, and automated trading capabilities. However, while these platforms are undoubtedly powerful, they can be quite complex and intimidating for beginner traders.
Algorithmic Trading
Another feature of Gerchik & Co’s trading platforms is the provision for algorithmic trading. This allows traders to develop and implement trading strategies that can be executed automatically, reducing emotional trading and improving efficiency. However, this feature is more suited to experienced traders who understand how to develop and test trading algorithms.
Account Types
Gerchik & Co offers five different account types: Mini, Simple, Silver, Gold, and Platinum. The minimum deposit required ranges from $100 for the Mini account to $10,000 for the Platinum account. While this variety of account types allows traders to choose an account that suits their trading style and financial capacity, the higher-tier accounts may be out of reach for many retail traders.
Customer Support
The broker provides customer support through email, phone, and live chat. The support team is available 24/5, which is standard in the forex industry. However, some users have reported delays in response times, particularly when trying to resolve complex issues. This is an area where Gerchik & Co could potentially improve.
Regulatory Status
As mentioned earlier, Gerchik & Co is regulated by the IFSC in Belize. While this does provide some level of investor protection, it is worth noting that the IFSC is not considered a top-tier regulatory body. This means that the protections offered to traders may not be as robust as those provided by regulators in jurisdictions such as the UK, US, or Australia.
Conclusion
In conclusion, Gerchik & Co offers a decent range of services and features for traders, particularly those who are interested in algorithmic trading. However, the complexity of their trading platforms and the high minimum deposit requirement for their premium accounts may make it less attractive to beginners and retail traders. Additionally, their regulatory status and customer support could also be areas for improvement. As always, traders are advised to conduct thorough research and due diligence before choosing a broker.
I am highly dissatisfied with the broker, Gerchik & Co, due to their inconsistent communication and lack of transparency in executing trades.
I’m disappointed with Gerchik & Co as my broker because their customer service is lacking. Whenever I have a question or concern, it takes them a long time to respond and sometimes they don’t address my issue properly. Additionally, their trading platform is not very user-friendly and I find it difficult to navigate and place trades. Overall, I expected better support and a more efficient platform from a reputable broker like Gerchik & Co.
I have heard mixed reviews about Gerchik & Co and am unsure about their reliability as a broker. Some clients have reported issues with customer service and trading execution, which makes me hesitant to trust them with my investments. I would recommend further research and due diligence before working with this broker.
My experience with Gerchik & Co was extremely disappointing. The broker’s customer service was subpar, with long wait times and unhelpful representatives. The trading platform was outdated and difficult to navigate, leading to frustration and missed opportunities. Overall, I would not recommend Gerchik & Co to anyone looking for a reliable and efficient broker.
I had a terrible experience with Gerchik & Co. Their customer service was atrocious, I constantly had issues with their platform freezing and crashing, and their fees were through the roof. I would not recommend this broker to anyone.