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Gerchik & Co Broker Review

Founded in 2015, Gerchik & Co is a brokerage firm catering predominantly to Russian-speaking traders. The company is named after one of its co-founders, Alexander Gerchik — a trader with public recognition and a background in the U.S. financial markets. The firm operates under offshore jurisdictions, offering Forex and CFD trading services across a broad range of instruments.\

Regulatory Status

Gerchik & Co holds the following licenses:

• VFSC (Vanuatu Financial Services Commission) — License No. 40512
• FSC Mauritius (Financial Services Commission of Mauritius)

The broker is also a certified member of the Financial Commission (FinaCom), an external dispute resolution body. FinaCom membership grants clients up to $20,000 compensation per complaint, in case of arbitration. Gerchik & Co lacks authorization from regulators in key jurisdictions such as Russia, Ukraine, and the European Union, which has led to the company being flagged by authorities in those countries.

Account Types and Trading Conditions

Clients can choose from multiple account types depending on capital size. Starting deposits begin at $100, and commission rates range from $10 to $7 per lot. Leverage is offered up to 1:500 on small accounts, decreasing with higher balances.

Available instruments include:

• Over 400 trading assets
• Forex pairs, indices, equities, commodities, and cryptocurrencies

Trades are executed using a market execution model (STP). There are occasional reports of slippage during volatile conditions.

Platforms and Tools

Gerchik & Co supports both MetaTrader 4 and MetaTrader 5 platforms. In addition, the broker offers proprietary tools:

• Risk Manager for exposure control
• Real Market Volume (RMV) indicator
• Trader’s Statistics for performance analysis
• Algo-builder for developing automated strategies

Scalping and the use of Expert Advisors (EAs) are permitted.

Investment Options and Training

The company provides TIMA accounts (analogous to PAMM systems) for copy trading or capital management. Educational content includes:

• Online courses and webinars
• Demo trading accounts
• Prop Trading Challenges for capital allocation

These programs aim to support both beginners and more advanced market participants.

Client Reputation and Feedback

Customer feedback is mixed. Commonly cited advantages:

• Stable platform performance
• Availability of analytical and educational tools
• Consistent withdrawal for smaller accounts

Frequent complaints:

• Delays in fund withdrawal
• Slippage and execution discrepancies
• Persistent sales tactics from account managers

Rating averages across review platforms tend to fall in the mid or below-average range.

Customer Service

Support is available via online chat, email, and messengers. Response times are generally adequate for basic requests. However, some users report limited effectiveness when addressing complex issues or disputes.

Deposits, Withdrawals, and Safety

Funding methods include bank cards, e-wallets, and cryptocurrencies. Withdrawal policies vary depending on the method, and some users mention inconsistent processing times. Since the broker operates offshore, there is no national deposit protection. While Gerchik & Co claims segregation of client funds, the firm does not undergo third-party audits.

Regulatory Warnings and Jurisdictional Concerns

The Central Bank of Russia and Ukraine’s NSSMC have flagged Gerchik & Co for operating without local authorization. Some of the broker’s websites are also geo-blocked in European countries. These warnings typically stem from licensing gaps rather than proven fraud.

Leadership and Public Perception

Alexander Gerchik, as the public face of the brand, is an active promoter through webinars and educational content. His market experience adds visibility to the company, but some observers criticize the commercial nature of his involvement.

Final Thoughts

Gerchik & Co operates with a well-developed service model and custom-built tools. However, its offshore regulation and regulatory flags in key markets require traders to approach with caution. For experienced clients familiar with risk management and the dynamics of offshore brokers, Gerchik & Co may offer viable functionality. For more risk-averse traders, alternatives with Tier-1 regulation may provide better legal protection.