Gerchik Stocks

The Gerchik Stocks scam promises access to the NYSE, NASDAQ, AMEX. Fills in parallel: the trade goes through ECN. That is, through networks specially created for trading bypassing exchanges. It is important to understand: the swindler contradicts himself.

Sharashka is allegedly managed by Gerchik & CO Limited, an offshore office created by Gerchik to imitate a Forex broker. There is absolutely no evidence of a connection between the hero of our review and Gerchik Stocks. The site is much simpler, there is much less information, there are tales about 100% earnings in exchange for replenishing the depot.

The garbage can will not decide on the range of tools. Promises access to shares on stock exchanges. At the same time, it floods: it gives leverage. If so, you will have to trade derivatives rather than underlying instruments.

There is no complete list of financial assets. According to the sharashka, there are more than 8000 of them. Attention: scam. A garbage dump without any documents cannot have access to exchanges, ECN. That is, all the assets of Gerchik Stokes are natural garbage that is worth nothing.

The scammer suggests trading in a trading terminal, which only has access to part of the American exchanges where he promises to withdraw. That is, the bit simply cannot work there. This means that the terminal is also a fraud.

Trading conditions are incomplete. There is quite a wide range of leverage and transaction fees for stocks. Spreads from 0, but no evidence. Scam does not indicate swaps and most other specifications.

Methods for depositing and withdrawing are described in detail. There are titles, commissions. Transaction terms are not specified. The worst thing is that the scammer takes cryptocurrency. This means that AML is nothing to sneeze at, just like KYC. Opening your “Personal Account” at such a noodle maker is like losing money.

Terms of cooperation. How to make money with Gerchik Stocks?

Gerchik Stocks offers investments in securities of American exchanges. At the same time, he promises to trade with leverage. That is, instead of shares, it gives futures for their purchase or sale.

Scam promises access to 8,000 financial assets. There is no complete list anywhere. Therefore, the statement cannot be verified.

Sharashka “Gerchik Stokes” offers 3 types of accounts:

• “Positional standard” – $1000.
• “Positional active” – $3000.
• Professional — $ 1000.

Accounts vary in fees, which are based on monthly trading volume. Also – maximum leverage. In the “Positional Standard” leverage for trading inside is 1:20. In the rest – 1:30. Shoulder overnight (with posture transfer through the night) – 1:2 (1:4 with separate agreements).

In Positional Standard, if the monthly turnover is less than 300,000 shares, the trader pays a commission of $8 per 1,000 shares. With a monthly turnover of 300,001 – 1,000,000 shares – $7 per 1,000 shares. If the transaction volume exceeds 1 million shares per month, the commission amount is calculated individually.

Fee in the “Position Active” account:

• $3 per 1,000 shares with monthly volume less than 500,000 shares.
• $2 per 1,000 for turnover of 500,001–1,000,000 shares.
• By agreement – with a turnover of over 1 million shares per month.

The Professional account has the same volume requirements. But the commissions are slightly higher:

• $3.3. The volume is less than 500,000.
• $2.7. Volume ranges from 500,000 to 1 million shares.

Starting from a turnover of 1 million securities per month, the commission is calculated individually.

Trading is offered in the TradeZero Pro platform. The basic tariff is $50. If the turnover exceeds 30,000 – $35. When it is more than 90,000, the terminal can be used for free.

Rating Forex did not find information about spreads and swaps. Margin call and stop out are also in question. Therefore, it is impossible to understand how favorable the conditions are offered by Sharashka’s office. One thing is for sure – the commissions are high. The same Tinkoff takes 0.3% of the transaction volume.

Registration, regulation, replenishment and withdrawal

“GherchikStokes» supposedly managed by Gerchik & CO Limited, registered in Vanuatu. The check showed that it really exists.

The only problem is that the original Gerchik & CO Limited specializes strictly in Forex trading. No stock trades.

There is no evidence on any of Gerchik & CO Limited’s social networks that the company offers to invest in American stock exchanges. It is simply impossible to do this with registration in Vanuatu.

Even if Gerchik Stocks was actually operated by an offshore company, this still would not make it a reliable broker. Offshore registration in the field of trading is always a sign of a scam.

Rating Forex reminds: honest brokers are registered in the countries to whose markets they bring traders. That is, a US company would have to be behind Gerchik Stocks. But that’s not true.

Gerchik & CO Limited is also owned by crooks. Through deception and manipulation, Gerchik promoted his personal brand and began selling first courses, and then unregulated dealer service.

Gerchik is making himself a Wall Street legend. In fact, all the achievements of this character come down to working as a taxi driver in New York and the fact that he, as a trader, ended up in one of the low-budget films about the stock exchange. This is the foundation on which Gerchik built a fairy tale about a top trader whom everyone carried in their arms. However, not a single New York stock broker (trader) remembers him.

Regulation

The scam is hiding behind someone else’s registration data. Including someone else’s license issued offshore. It is important to understand: this piece of paper means nothing. Vanuatu’s financial regulator didn’t care about divorce, they scammed foreigners. The main thing is that the scammer unfastens taxes and does not touch the local residents.

Gerchik’s original website and the hero of our review ended up in the same warning from the Russian financial regulator. It says: these are illegal companies that do not have the right to provide their services.

The warning makes it clear: the companies listed there are scammers and illegal immigrants. At least on the territory of the Russian Federation. You can’t give them a cent. The worst thing is that the Russian regulator will not be able to hold the scammers accountable.

How to fund your account and withdraw money from Gerchik Stocks

Kidala accepts transfers using:

• payment cards;
• cryptocurrency wallets;
• SharPay;
• ADVCash;
• PerfectMoney.

Commissions can reach up to 2.5%.

Rating Forex warns: a dash instead of a bank transfer is a very alarming sign. The presence of a crypt is yet another proof that this is an illegal sharashka for scamming money.

Scam-project suggests making withdrawals in the same way as depositing. Judging by the reviews, a few managed to withdraw their capital. Moreover, the poor fellows received several times less than they put in the depot. In addition, the scammer unfastened the cabbage only to those who promised to refill again.