Gerchik & Co Overview
| Website | gerchik.co |
| Year Founded | 2015 |
| Countries of Registration | Vanuatu |
| Website Languages | English, Russian, Spanish |
| Regulators | VFSC |
| Broker Type | STP |
| Dealing | A-book |
| Minimum Deposit | $100 |
| Account Currencies | USD, EUR |
| Spread | low |
| Trading Platforms | MetaTrader 4 (MT4), MetaTrader 5 (MT5) |
| Trading Assets | Currencies, Cryptocurrencies, Metals, Indices, Energies, Stocks, ETFs |
In the vibrant world of trading, Gerchik & Co emerged with a mission to empower retail traders seeking a straightforward yet robust platform for their financial journeys. Founded with the vision of making trading accessible to everyone, the broker offers a familiar environment through the popular MetaTrader platforms, catering to both novices and seasoned traders alike. With a diverse selection of over 300 instruments, including currencies, cryptocurrencies, metals, and more, Gerchik & Co stands as a reliable partner for those looking to explore the vast landscape of global markets. Positioned as a bridge between ambition and opportunity, Gerchik & Co prides itself on its low-latency execution and innovative in-house tools, designed to enhance trading strategies and risk management. The broker's tiered account structure provides flexibility for different trading styles, whether one is beginning their journey or seeking to refine their approach with raw-style pricing. With no fees for deposits and withdrawals, Gerchik & Co fosters a trading environment that emphasizes transparency and ease, making it a compelling choice for traders from various backgrounds.
Brief look at Gerchik & Co
Gerchik & Co is a forex and CFD broker authorised in Vanuatu (VFSC) that caters to retail traders with a familiar MT4/MT5 setup and a catalogue of 300+ instruments. The lineup spans forex, metals, energies, indices, cryptocurrencies, and stock/ETF CFDs, while the firm highlights low-latency execution (down to ~1 ms) and its in-house tools like the Risk Manager. The account structure is simple: Zero (commission-free; spreads from ~1.0 pip) for accessible entry, and tiered Mini/Simple/Silver/Gold/Platinum with raw-style pricing (0.0 pip + per-lot commission) and higher minimum deposits. Deposits/withdrawals are processed via cards, SEPA/Volet and crypto. Safeguards such as negative balance protection and segregated funds are referenced, but investor compensation schemes typical of top-tier jurisdictions do not apply to Vanuatu-authorised entities.
Pros
- MT4 and MT5 with 300+ instruments and stocks/ETFs coverage
- Proprietary Risk Manager tool; MetaQuotes Signals and TIMA investing
- Zero account or raw-style tiers with per-lot fees
- No broker fee for deposits/withdrawals
- Execution advertised from ~1 ms; Equinix LD4 infrastructure
Cons
- Not regulated by a top-tier authority; no statutory compensation scheme
- Per-lot commissions on raw-style accounts; higher minimums for upper tiers
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Gerchik & Co Reviews
Gerchik & Co has been a reliable broker for my trading activities. The demo account feature is particularly helpful for practice before diving into live trading. I appreciate the variety of account types and the competitive spreads on both MT4 and MT5 platforms. Signing up was straightforward, and I had no issues with the login process.
9/15/2023I've been trading with Gerchik & Co for a few months now. The minimum deposit is reasonable, and the leverage options are quite flexible. My only concern is the withdrawal time, which could be improved. Overall, I find their trading app user-friendly and efficient.
10/2/2023While Gerchik & Co offers a decent range of trading tools, I feel that their customer service could be faster in response. The bonus offers are nice, but the rebate system is a bit unclear. That said, the trading experience on MT5 has been good so far.
8/20/2023Gerchik & Co has a solid platform for forex trading. The spreads are competitive, and the ability to easily download the trading app makes it convenient. I was pleasantly surprised by the quick sign-up process. Overall, a good broker with potential for growth.
7/10/2023I highly recommend Gerchik & Co for both new and experienced traders. The demo account helped me get accustomed to their systems without any risk. The login process is seamless, and I've had no issues with withdrawals. Their educational resources are also a big plus.
9/25/2023Leave a Review
Is Gerchik & Co regulated?
| Companies | Gerchik & Co Limited |
| Countries | Vanuatu |
| Regulators | VFSC |
| Investor Protection | - |
| Investor Protection Size | - |
| Publicly Traded | |
| Segregated Accounts | |
| Guaranteed Stop Loss | |
| Negative Balance Protection |
Gerchik & Co Account Types
| Property | Zero | Mini | Simple |
|---|---|---|---|
| Min Deposit | $10 | $500 | $1000 |
| Lot Size | 0.01 | 0.10 | 0.10 |
| Spread Type | Floating | Floating | Floating |
| Execution | Market | Market | Market |
| Min Spread | 1.0 pips | 0.4 pips | 0.0 pips |
| Fee | No | $10 per 1 lot | $9 per 1 lot |
| Max Leverage | 1:100 | 1:100 | 1:100 |
| Stop Out | 50% | 50% | 50% |
| Margin Call | 100% | 100% | 100% |
Additional Features
- Demo Account
- VIP Account
- Swap-Free Account
- Copy Trading
- VPS
- PAMM/MAM Accounts
Gerchik & Co Funding and Fees
| Base currencies | USD, EUR |
| Deposit and withdrawal methods | Bank cards, Swift, SEPA, Volet, Perfect Money, Bitcoin (BTC), Litecoin (LTC), Ethereum (ETH), Tether (USDT), USD Coin (USDC) |
| Inactivity fee | |
| Interest on margin | |
| Withdrawal Fee |
Gerchik & Co Trading Platforms and Conditions
| Trading Platforms | MetaTrader 4 (MT4), MetaTrader 5 (MT5) |
| Execution Speed | 1 ms |
| Scalping | |
| Expert Advisors (EAs) | |
| Depth of Market (DOM) | |
| Spread | low |
Gerchik & Co Trading Assets
| Currencies | 66 |
| Indices | 14 |
| Stocks | 296 |
| Cryptocurrencies | 11 |
| Bonds | 0 |
| Metals | 7 |
| Energies | 3 |
| Soft Commodities | 0 |
| ETFs | 21 |
Education and Analytics
| Economic Calendar | |
| Indicators | |
| Robots | |
| Signals | |
| Autochartist | |
| Expert Analytics | |
| News Feed | |
| Education Articles | |
| Webinars | |
| Seminars |
Gerchik & Co Support
| support@gerchik.co | |
| Phone | +44 203 318 4201 |
| Telegram | Telegram |
| YouTube | YouTube |
Gerchik & Co Alternatives
| Broker | Gerchik & Co | AMarkets | RoboForex | Grand Capital | NPBFX | FreshForex |
|---|---|---|---|---|---|---|
| Type | STP | ECN, STP | MM, STP, ECN | STP, ECN | STP | MM, STP, ECN |
| Minimum Deposit | $100 | $100 | $10 | $10 | $10 | $25 |
| Regulators | VFSC | FSC, MISA, SVGFSA | BFSC | SVGFSA | MISA, Financial Commission (Category A) | SVGFSA |
| Platforms | MetaTrader 4 (MT4), MetaTrader 5 (MT5) | MetaTrader 4 (MT4), MetaTrader 5 (MT5) | MetaTrader 4 (MT4), MetaTrader 5 (MT5), R MobileTrader, R StocksTrader | MetaTrader 4 (MT4), MetaTrader 5 (MT5), WebTrader | MetaTrader 4 (MT4) | MetaTrader 4 (MT4), MetaTrader 5 (MT5) |
| Spread | low | low | low | low | low | high |
| Leverage | 1:100 | 1:3000 | 1:2000 | 1:3000 | 1:1000 | 1:2000 |
| Assets | Currencies, Cryptocurrencies, Metals, Indices, Energies, Stocks, ETFs | Currencies, Indices, Stocks, Cryptocurrencies, Bonds, Metals, Energies, Soft Commodities | Currencies, Indices, Stocks, ETFs, Metals, Energies, Soft Commodities | Forex, Metals, Energies, Soft Commodities, Indices, Stocks, ETFs, Bonds, Cryptocurrencies | Forex, Metals, Energies, Indices, Shares, ETFs, Cryptocurrencies | Currencies, Indices, Stocks (CFDs), Cryptocurrencies, Metals, Energies |
Is Gerchik & Co Right for You?
Gerchik & Co stands out for its robust trading platform options, namely MT4 and MT5, which support over 300 instruments including forex, cryptocurrencies, and stocks/ETFs. The broker offers a range of account types, including commission-free options and raw-style accounts with competitive spreads. Additionally, traders benefit from low-latency execution and in-house tools like the Risk Manager, enhancing their trading experience. However, potential clients should be aware of some significant drawbacks. Gerchik & Co is not regulated by a top-tier authority, which means there is no statutory investor compensation scheme in place. Moreover, the raw-style accounts come with per-lot commissions and higher minimum deposit requirements that may deter some traders. In conclusion, Gerchik & Co is suitable for retail traders seeking a diverse range of trading instruments and advanced trading tools without the burden of deposit and withdrawal fees. However, it may not be the best choice for those who prioritize regulatory oversight and investor protection, or for beginners who may find the tiered account structure and commission costs challenging.
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Andriy Bondarenko
Broker Analyst
Andriy is a seasoned expert in broker reviews with over a decade of experience in finance and trading. Under his leadership, the team produces in-depth and unbiased analyses of leading trading platforms.
