Gerchik & Co Broker Review: The Entry-Level Specialist

Welcome to our latest broker review, where we provide non-biased reviews to help traders gain expert insight. This time, we're unpacking Gerchik & Co, an exciting forex trading broker founded in 2015.

Company Profile

Gerchik & Co is an online broker that has been operational since 2016. An endearing feature of this broker is its low minimum account size. You can start trading with as little as $100 which makes it accessible to a wide range of traders.

The average rating for Gerchik & Co is a perfect 10, which speaks volumes about the quality of service provided by the broker. Nonetheless, as with all money-related ventures, it's wise to have a clear understanding of what such rating entails and more details about the broker's offerings.

Features and Regulations

Despite its user-friendliness, one concern is that Gerchik & Co doesn’t seem to have any severe regulation. For many traders, regulation is a crucial determining factor in choosing a broker due to increased security and trust.

Still, Gerchik & Co has commendable features worth noting. They offer free education resources, which is a significant advantage for new traders looking to learn more about forex markets. This factor can be an inciting pull factor for amateur traders or individuals seeking to boost their trading knowledge.

They also provide managed accounts and offer Virtual Private Server (VPS) to their clients, which can enhance your trading execution speeds by allowing you to connect to a remote server that’s geographically closer to your broker's server.

Moreover, Gerchik & Co hosts trading contests, allowing traders to gain from both their profits and recognition. And with the Percentage Allocation Management Module (PAMM), seasoned traders can manage funds of multiple investors in a single account, providing another revenue stream besides trading.

Please note that Gerchik & Co does not accept US traders.

Trading Conditions

The minimum position size at Gerchik & Co is 0.1, fostering easy entry for novice traders. Known for its low-spread offering, Gerchik & Co provides competitive trading conditions for both new and experienced traders.

The leverage provided by Gerchik & Co is currently unavailable; be sure to ask the broker directly about their max leverage.

Final Thoughts

Gerchik & Co has a few excellent qualities, like its low minimum account size and free educational tools, making it suitable for beginners striving to find a foothold in the trading world. However, the absence of serious regulation might make more cautious traders think twice.

Do remember that every trader is different. What works for one may not work for another, so feel free to explore options and find a broker that suits your personal trading needs.

All trading involves risk, and you should ensure that you fully understand these risks before trading.