Gerchik & Co Broker Review

Gerchik & Co is a forex broker focused primarily on the Russian-speaking market. The company was founded in 2015 by professional trader Alexander Gerchik and Ivan Kroshny. Its main legal entity is registered offshore in Vanuatu. The broker offers access to the Forex market and CFDs on various instruments, including stocks, indices, commodities, and cryptocurrencies.

Licenses and Regulation

Gerchik & Co operates under licenses issued by two offshore financial regulators:

• VFSC (Vanuatu Financial Services Commission) — License No. 40512, issued in 2018. This is the broker’s primary operating license.
  
• FSC Mauritius (Financial Services Commission Mauritius) — A license issued to the group’s subsidiary, authorizing investment dealer activities.
  
• Member of the Financial Commission (FinaCom) — An independent dispute resolution organization for the forex market. As an A-category member, client claims are insured up to $20,000 in case of a justified complaint.
  

At the same time:

• The company does not hold a license to operate in the Russian Federation.
  
• It has been included in warning lists by the Central Bank of Russia and Ukraine’s NSSMC for signs of unauthorized financial activity.
  

Although Gerchik & Co is technically regulated, oversight from strong financial authorities is lacking, and its services are considered unauthorized in several jurisdictions.

Trading Conditions and Instruments

Gerchik & Co offers six types of trading accounts with minimum deposits ranging from $100 to $100,000. Commission fees vary by account type, ranging from $10 to $7 per lot. Leverage is up to 1:500 for smaller accounts, decreasing as account size grows. The broker provides access to over 400 instruments, including 71 currency pairs, CFDs on stocks, indices, cryptocurrencies, and commodities. All trades are executed via a market execution model (STP), though some traders report slippage.

Platforms and Technology

The broker supports MetaTrader 4 and MetaTrader 5 platforms. Additional proprietary services include the Risk Manager, Real Market Volume tool, trade analytics, and automation tools. Scalping and the use of trading robots are allowed.

Investment and Additional Services

Gerchik & Co offers TIMA investment accounts—similar to PAMM accounts—where traders manage investors’ capital. The company also provides demo accounts, educational courses, webinars, and a Prop Trading Challenge that gives traders the opportunity to manage capital provided by the broker.

Customer Feedback

Online reviews are mixed. Positive reviews mention reliable fund withdrawals, helpful support, and educational content. Negative feedback includes withdrawal delays, slippage issues, aggressive marketing, and difficulties withdrawing profits. The average user rating on independent platforms is below 3 out of 5.

Regulator Warnings and Controversies

Gerchik & Co is listed by the Central Bank of Russia and Ukraine’s NSSMC as operating without proper authorization. Some of its websites have been blocked in certain EU countries. Complaints have been raised about order execution behavior, especially when attempting to withdraw large profits.

Founder and Public Reputation

Alexander Gerchik is a co-founder of the company and a well-known trader in the Russian-speaking financial community. He has experience in the U.S. stock market and is actively involved in educational projects. While many respect his trading background, some critics accuse him of excessive commercialization and hard-selling training products.

Customer Support

Support is available via email, website chat, and messaging apps. Many users describe the service as prompt and professional, particularly in technical matters. However, some report receiving generic responses and difficulty resolving non-standard issues.

Fund Safety and Payments

Deposits and withdrawals are available via bank cards, e-wallets, and cryptocurrencies. Minimum withdrawal amounts and fees vary depending on the method. Since the broker is offshore, client funds are not protected by any governmental insurance. The company claims client funds are held in segregated accounts, but there is limited transparency on fund custody. Isolated complaints of withdrawal delays have been reported.

Conclusion on broker

Gerchik & Co is an offshore broker with a functioning infrastructure and a wide client base. While it holds formal licenses from low-tier regulators, it lacks oversight from strong financial authorities. Reviews are mixed, and regulator warnings raise valid concerns. Traders should approach this broker with caution, use only risk capital, and carefully monitor all terms and fund operations. Gerchik & Co may be suitable for experienced traders who are aware of the risks involved with offshore brokerages.