Gerchik & Co Review
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Updated:
Reason to avoid: Offshore license
Listed Date: January 26, 2024
Top 3 Forex Brokers
Beware Gerchik & Co is a Non-Regulated Broker. It is NOT SAFE to trade
Advertising Disclosure
Updated:
Reason to avoid: Offshore license
Listed Date: January 26, 2024
Beware Gerchik & Co is a Non-Regulated Broker. It is NOT SAFE to trade
No, Gerchik & Co is not a safe broker as it lacks a reputable license from a leading regulatory authority. The company conducts its operations under Gerchik & CO Limited and is registered in Vanuatu, a jurisdiction often associated with questionable practices.
🏢 Registered in | Vanuatu |
🗺️ Type of License | Offshore license |
🛡️ Is Gerchik & Co safe to trade? | No |
🗺️ Recommended Licenses | FCA in the UK 🇬🇧 and ASIC in Australia 🇦🇺 |
🖥 Alternative Broker | FP Markets - licensed by ASIC in Australia |
Based on the information we collected Gerchik & Co provides access to over 400 assets and tight spreads that begin at 0 pips. The trading platforms are powered by the Equinix LD4 data center, ensuring high-performance trading experiences. Gerchik & Co provides traders with fundamental and technical analysis, financial news, and video analytics.
Nonetheless, to provide an unbiased and comprehensive overview of Gerchik & Co, we conducted an extensive research and revealed the following key points:
Through research, we have uncovered noteworthy apprehensions regarding Gerchik & Co's trustworthiness and its adherence to regulatory standards. Consequently, we are unable to offer a favorable rating for Gerchik & Co.
Ranking | Gerchik & Co | Go Markets | Pepperstone |
---|---|---|---|
Our Ranking | ⭐ | ⭐⭐⭐⭐⭐ | ⭐⭐⭐⭐⭐ |
Is Broker safe? | No | Yes | Yes |
Advantages | None | Trading Conditions | Trading Environment |
Considering the safety concerns surrounding Gerchik & Co, we strongly recommend exploring alternative options that prioritize robust regulations and improved trading conditions. Below is a list of reputable brokers that offer reliable choices and a secure trading environment for your consideration:
Gerchik & Co provides over 10 convenient methods for deposits and withdrawals, through Credit/Debit Cards, Bank Transfers, Perfect Money, Bitcoin, Ripple, Ethereum, Litecoin, Tither, etc.
Gerchik & Co offers 6 types of trading accounts: Zero, Mini, Simple, Silver, Gold and Platinum. Traders can also open a Demo account. The minimum deposit starts from $100 for Zero accounts ranging up to $100 000 for Platinum account clients. With Gerchik & Co traders can conduct their trades through the market popular MT4 and MT5 platforms.
Based on the information we have gathered about Gerchik & Co, it is evident that this broker does offer enticing benefits, such as tight spreads and favorable features. However, it is essential to acknowledge substantial concerns regarding the broker's trustworthiness and credibility. The fact that Gerchik & Co is registered in an offshore jurisdiction (Vanuatu) raises significant red flags. As a result, traders are strongly advised to exercise caution when contemplating this broker as their choice.
Traders should prioritize brokers holding licenses from reputable authorities like FCA, ASIC, or CySEC. Numerous regulated brokers offer excellent terms and conditions that align with top-tier regulations, providing a risk-free trading environment. Some noteworthy options include Fortrade, HFM, and FP Markets.
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