Gerchik & Co Broker Review

Established in 2015, Gerchik & Co is a forex and CFD brokerage targeting primarily Russian-speaking markets. The broker was founded by Alexander Gerchik, a professional trader known in educational circles. The company’s operational base is registered in Vanuatu, with an additional legal entity in Mauritius.

Licensing and Oversight

Gerchik & Co holds two financial licenses:

• VFSC (Vanuatu Financial Services Commission), license number 40512
• FSC (Financial Services Commission, Mauritius)

The broker is also affiliated with the Financial Commission (FinaCom), which provides a dispute resolution mechanism and potential compensation up to $20,000. The firm lacks licenses in Russia, the EU, and Ukraine, resulting in its inclusion on advisory or restricted lists by national regulators.

Trading Services

Gerchik & Co offers multiple account types. The entry-level account requires a $100 minimum deposit. Commission fees per lot range from $10 to $7, depending on account tier. Leverage is capped at 1:500 for small balances, automatically decreasing with higher equity levels.

Markets offered include:

• Currency pairs (Forex)
• CFDs on stocks, indices, commodities, and cryptocurrencies
• A total offering of over 400 instruments

Order execution is based on the STP model. Users have noted possible slippage during high market activity.

Trading Platforms and Tools

Clients may use MetaTrader 4 or MetaTrader 5. Additionally, Gerchik & Co provides proprietary utilities:

• Risk Manager for trade exposure control
• Real Market Volume (RMV) indicator
• Strategy-building tools for algorithmic trading
• Detailed trade statistics for analysis

Automated trading and scalping are supported.

Investment Products and Educational Programs

The broker offers TIMA investment accounts, enabling investors to allocate capital to selected traders. Other services include:

• Access to demo accounts
• Webinars and structured educational programs
• Prop Trading selection for capital management opportunities

User Experience and Ratings

Public reviews are mixed:

• Positive: analytical tools, educational resources, and technical platform reliability
• Negative: occasional withdrawal delays, communication issues, and upselling pressure from account representatives

Average user ratings across independent review sites range from low to moderate.

Financial Transactions and Security

Deposits and withdrawals are available via standard methods, including bank cards, e-wallets, and crypto options. Withdrawal times vary. While the company states that client funds are kept in segregated accounts, this is not audited by third parties. There is no formal deposit insurance due to the offshore regulatory framework.

Regulatory Warnings

Regulatory authorities in Russia and Ukraine have listed Gerchik & Co as operating without proper authorization. These classifications highlight the lack of local jurisdictional oversight and limit legal recourse for regional clients.

Founder Involvement

Alexander Gerchik serves as both the public face and an educational leader for the company. He produces trading content and participates in promotional activities. His presence lends visibility but has also drawn criticism for perceived commercial bias.

Conclusion on broker

Gerchik & Co provides a full suite of trading services and platform tools. However, the broker operates in offshore jurisdictions with limited regulatory protection for clients. It may be an acceptable option for traders with sufficient experience and understanding of counterparty risk. For those prioritizing formal oversight and investor protection, alternative brokers with Tier 1 regulation may be preferable.