Comparison of Alpari and Gerchik & Co
| Feature | Alpari | Gerchik & Co |
|---|---|---|
| Broker | ||
| Year Founded | 1998 | 2015 |
| Broker Type | ECN, MM | STP |
| Dealing | A-book, B-book | A-book |
| Execution | Market | Market |
| Regulation | MISA, NBRB | VFSC |
| Platforms | MetaTrader 4 (MT4), MetaTrader 5 (MT5) | MetaTrader 4 (MT4), MetaTrader 5 (MT5) |
| Spread | ⮕ Average | ⬊ Low |
| Maximum Leverage | 1:3000 | 1:100 |
| Minimum Deposit | $50 | $100 |
| Base Currencies | USD, EUR | USD, EUR |
| Funding Methods | Bank Wire, Credit Card, Debit Card, WebMoney, Skrill, Neteller, Wallet One, Volet.com, VLoad, TC Pay, Perfect Money, Tether (USDT) Bitcoin (BTC), Ethereum (ETH), Litecoin (LTC), Zcash (ZEC) | Bank cards, Swift, SEPA, Volet, Perfect Money, Bitcoin (BTC), Litecoin (LTC), Ethereum (ETH), Tether (USDT), USD Coin (USDC) |
| Inactivity Fee | $5 per month after 6 months | ✖ |
| Interest on Margin | ✖ | ✖ |
| Withdrawal Fee | ✖ | ✖ |
| Investor Protection | Financialcommission.org | - |
| Protection Size | €20 000 | - |
| Segregated Accounts | ✔ | ✔ |
| Negative Balance Protection | ✔ | ✔ |
| Guaranteed Stop Loss | ✖ | ✖ |
| Copy Trading | ✖ | ✔ |
| VPS | ✖ | ✖ |
| MAM/PAMM | ✔ | ✔ |
| Scalping Allowed | ✔ | ✔ |
| EAs/Robots | ✔ | ✔ |
| Depth of Market (DOM) | ✖ | ✔ |
| Tradable Assets (CFDs) | Currencies, Indices, Stocks, Cryptocurrencies, Metals, Energies | Currencies, Cryptocurrencies, Metals, Indices, Energies, Stocks, ETFs |
| Review | Alpari Review | Gerchik & Co Review |
About Alpari
Alpari is one of the most established names in the Forex trading world, with a history dating back to 1998. The broker has built a solid reputation, particularly among traders in emerging markets, for offering a broad range of financial instruments and account types that cater to both beginners and experienced traders. Alpari provides access to Forex, commodities, indices, and cryptocurrencies, with platform options including MetaTrader 4 and MetaTrader 5, two of the most popular trading platforms globally. The broker also offers social trading features, allowing clients to copy the strategies of more experienced traders. With a long track record and diverse offerings, Alpari aims to deliver flexibility and convenience. Additionally, Alpari offers multiple deposit and withdrawal methods, which is a major advantage for traders worldwide. However, it is important to note that while Alpari has a strong presence in many regions, it is not regulated by top-tier authorities, which may be a concern for some traders. Despite this, Alpari maintains a significant customer base and continues to attract clients with its competitive spreads and educational resources.
Pros
- Established broker with over two decades of experience in the industry
- Provides MetaTrader 4 and MetaTrader 5 platforms
- Offers a PAMM feature for those interested in investing
- Comprehensive research and educational resources
- Competitive spreads and flexible leverage options
- Multiple payment methods for deposits and withdrawals
Cons
- Lack of regulation from top-tier financial authorities
- Customer support quality may vary depending on the region
- No proprietary trading platform available
About 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
Alpari & Gerchik & Co Regulation
| Feature | Alpari | Gerchik & Co |
|---|---|---|
Companies | Alpari (Comoros) Ltd, Alpari Eurasia LLC | Gerchik & Co Limited |
Countries | Comoros, Belarus | Vanuatu |
Regulators | MISA, NBRB | VFSC |
Investor Protection | Financialcommission.org | - |
Investor Protection Size | €20 000 | - |
Publicly Traded | ||
Segregated Accounts | ||
Guaranteed Stop Loss | ||
Negative Balance Protection |
Account Types
| Account | Alpari | Gerchik & Co |
|---|---|---|
Market Maker Account | ||
| Account Name | Standard | Zero |
| Min Deposit | $50 | $10 |
| Lot Size | 0.01 | 0.01 |
| Spread Type | Floating | Floating |
| Execution | Market | Market |
| Min Spread | 0.3 | 1.0 |
| Fee | No | No |
| Max Leverage | 1:1000 | 1:100 |
| Stop Out | 20% | 50% |
| Margin Call | 50% | 100% |
STP Account | ||
| Account Name | — | Mini |
| Min Deposit | — | $500 |
| Lot Size | — | 0.10 |
| Spread Type | — | Floating |
| Execution | — | Market |
| Min Spread | — | 0.4 |
| Fee | — | $10 per 1 lot |
| Max Leverage | — | 1:100 |
| Stop Out | — | 50% |
| Margin Call | — | 100% |
ECN Account | ||
| Account Name | ECN | — |
| Min Deposit | $300 | — |
| Lot Size | 0.01 | — |
| Spread Type | Floating | — |
| Execution | Market | — |
| Min Spread | 0.1 | — |
| Fee | $5 per 1 lot | — |
| Max Leverage | 1:3000 | — |
| Stop Out | 50% | — |
| Margin Call | 80% | — |
Zero Account | ||
| Account Name | — | Simple |
| Min Deposit | — | $1000 |
| Lot Size | — | 0.10 |
| Spread Type | — | Floating |
| Execution | — | Market |
| Min Spread | — | 0.0 |
| Fee | — | $9 per 1 lot |
| Max Leverage | — | 1:100 |
| Stop Out | — | 50% |
| Margin Call | — | 100% |
| Additional Features | ||
| Demo Account | ||
| VIP Account | ||
| Swap-Free Account | ||
| Copy Trading | ||
| VPS | ||
| PAMM/MAM Accounts | ||
Binary Options | ||
| Account | Fix-Contracts | — |
| Minimum Deposit | $50 | — |
| Option Types | Call/Put, Touch, Range, Spread, Turbo, Express | — |
| Minimum Stake | $1 | — |
| Payout | from 40% to 95% | — |
| Expiration Time | from 5 seconds to 1 day | — |
Funding and Fees
| Feature | Alpari | Gerchik & Co |
|---|---|---|
Base currencies | USD, EUR | USD, EUR |
Deposit and withdrawal methods | Bank Wire, Credit Card, Debit Card, WebMoney, Skrill, Neteller, Wallet One, Volet.com, VLoad, TC Pay, Perfect Money, Tether (USDT) Bitcoin (BTC), Ethereum (ETH), Litecoin (LTC), Zcash (ZEC) | Bank cards, Swift, SEPA, Volet, Perfect Money, Bitcoin (BTC), Litecoin (LTC), Ethereum (ETH), Tether (USDT), USD Coin (USDC) |
Inactivity fee | $5 per month after 6 months | |
Interest on margin | ||
Withdrawal fee |
Trading Platforms and Conditions
| Feature | Alpari | Gerchik & Co |
|---|---|---|
Trading Platforms | MetaTrader 4 (MT4), MetaTrader 5 (MT5) | MetaTrader 4 (MT4), MetaTrader 5 (MT5) |
Execution Speed | 0.1 ms | 1 ms |
Scalping | ||
Expert Advisors (EAs) | ||
Depth of Market (DOM) | ||
Spread | average | low |
Trading Assets
| Asset | Alpari | Gerchik & Co |
|---|---|---|
Currencies | 46 | 66 |
Indices | 12 | 14 |
Stocks | 631 | 296 |
Cryptocurrencies | 9 | 11 |
Bonds | 0 | 0 |
Metals | 2 | 7 |
Energies | 3 | 3 |
Soft Commodities | 0 | 0 |
ETFs | 0 | 21 |
Education and Analytics
| Feature | Alpari | Gerchik & Co |
|---|---|---|
Economic Calendar | ||
Indicators | ||
Robots | ||
Signals | ||
Autochartist | ||
Expert Analytics | ||
News Feed | ||
Education Articles | ||
Webinars | ||
Seminars |
Customer Support
| Contact | Alpari | Gerchik & Co |
|---|---|---|
Email | support@alpari.im | support@gerchik.co |
Phone | +44 2045 771951 | +44 203 318 4201 |
Telegram | — | Telegram |
Facebook | ||
YouTube | YouTube | YouTube |
Instagram |
Which Broker is Better?
After comparing Alpari and Gerchik & Co, Alpari comes out ahead as our overall pick. It ranks higher in our internal scoring and delivers a stronger balance of pricing (spreads/fees), platform experience, and product range. That said, the runner-up may still be a better fit if you prioritize specific needs—like a particular account type, funding method, or niche instruments. This is not financial advice; always choose a broker that matches your goals and local regulatory requirements.
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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.