|Brief info about the broker|
|Name of the company:||Gerchik & Co|
|Trading platform:||MetaTrader 4|
|Spread:||floating, from 0 points|
Gerchik & Co is a Forex brokerage company founded in 2015 by Alexander Gerchik — a famous trader who started his career in the USA in 1999. Starting 2003 he is a managing partner in a major brokerage company, and starting 2013 he is the head manager of trading operations at FINAM (investment holding).
Sure, it is a major step for Alexander Gerchik to establish his own brokerage company, as his good name earned over many years of trading the currency market is at stake. It allows traders and investors to hope that the new broker really turns out to be a reliable financial partner.
The broker’s website offers no information as for regulation by any non-commercial organization. According to Alexander Gerchik, in the future the company plans to receive a European license. And so far the clients can hope only for the good name of a well-known trader and for the fact that in a single year after its foundation Gerchik & Co has won 2 awards: "Breakthrough of the Year" (according to “Russian Trading Day Money” traders’ voting) and "The Fastest Developing Broker" (according to Mena 15th Forex Show).
Gerchik & Co founders put emphasis on innovations and progress. The broker offers its clients innovative services on the Forex market:
Trader’s statistics — it is an unparalleled service, an online diary allowing to perform financial analysis of your trading and find its strengths and weaknesses. Statistics is shown as tables and diagrams allowing to set various filters. Data can be added automatically as well as manually.
TIMA-account — Trusted Investments Management Account, an investments management account with automatic risk management.
In addition, the website announces such services as ROBOX (service to create trading packages) and improved Risk-manager service.
The broker offers an innovative investment service named TIMA-account. The service is virtually similar to standard PAMM-account or trust management, but it differs with its strict rules of risk management. At Gerchik & Co "risk-manager" program supposes that if a managing trader loses control over the situation, he cannot perform trades in order not to put the investors’ funds at risk.
Investor choses the managing trader by himself to multiply investor’s funds and concludes an offer contract that determines all conditions of cooperation. Then the trader uses the investor’s funds to execute Forex trades and make profit, and the investor gets passive income with no efforts.
Types of Accounts
Gerchik & Co offers 5 types of live accounts: Mini, Simple, Silver, Gold, and Platinum. Every single type differs with its deposit amount, conditions, and benefits.
Beginners can start with Mini account with minimum deposit $500, spread from 0.3 points, webinars, and "risk-manager" program. Simple account (from $1000) offers spread from 0 points and additional services — trader’s statistics and algotrading (a type of auto trading).
Silver-account (starting with $10 000) differs from Simple account only with the commission amount for every traded lot (9 USD instead of 10 USD), Gold account (from $20 000) offers $8 commission, and on Platinum account (starting with $100 000) $7 commission is charged for every traded lot. Additionally, the owner of the Platinum account has a right to develop trading robots and receive advice from Alexander Gerchik personally.
Maximum leverage is the same for every type of accounts (1:100), and none of the accounts offer bonuses.
Education of Beginners
Gerchik & Co presents itself as a professional Forex company, yet it pays attention to education of beginners. Beginners can use such educational materials as articles about Forex, demo account allowing to try out trading and test your trading strategy, and free webinars dedicated to live Forex trading and smart investment.
Actions and Contests
Gerchik & Co Company makes efforts for their clients’ trading to be more profitable, and in particular thanks to quality analytics. So the broker holds the "Contest of Analytics" accepting any trader with good knowledge and skills of market analysis. Three winners will receive positions of analysts at Gerchik & Co and other prizes.
Deposit and Withdrawal of Funds
Clients can deposit and withdraw funds using MasterCard/Visa, Epayments, OKpay, and other popular methods of electronic payments.
Gerchik & Co brokerage company is a young and quite interesting Forex broker that offers innovative services and beneficial trading conditions. Among shortcomings we can mention that the company is not regulated, and some services are still to be finalized. But nevertheless, Gerchik & Co can be reckoned as a promising company appealing for both traders and investors.