About Gerchik & Co Limited
Company Overview
Gerchik & Co Limited is a retail forex and CFD broker registered in Vanuatu, with a legal address at AJC, Govant Building, Kulum Highway, Port Vila. It was founded on December 30, 2022, and operates under a Financial Dealers Licence (No. 40512) issued by the Vanuatu Financial Services Commission (VFSC). The broker also lists a service address in London, England.
The broker presents itself as a multi-asset trading provider, offering access to forex, CFDs on stocks, indices, commodities, ETFs, and cryptocurrencies. It markets itself with claims of low spreads, high leverage, and fast execution.
Regulation & Licensing
Gerchik & Co's primary regulatory oversight comes from the VFSC, which is a licence category for financial dealers in Vanuatu. Vanuatu is not considered a top-tier jurisdiction by most industry standards, and VFSC regulation offers limited investor protection compared to regulators like the FCA or CySEC. The broker's licence is listed as active.
The broker also mentions a registered entity in Mauritius (GERCHIK & CO. MU LIMITED, registration No. 177547), but this entity is not listed as regulated by Mauritius FSC in the known facts. Traders should note that the primary regulatory coverage is the VFSC.
Account Types
The broker offers two core account types for individual traders: the Zero account and the Premium account. The Zero account requires a minimum deposit of $10 (or €10) and charges no commission on forex pairs, with costs built into the spread. It is aimed at beginners and smaller-volume traders. The Premium account targets more active traders, with variable spreads and a commission-based fee structure.
Both accounts support USD and EUR as base currencies and provide access to MetaTrader 4 and MetaTrader 5 platforms. Additionally, Gerchik & Co offers TIMA accounts, which function as either investor accounts that copy a manager's strategy or as manager accounts that allow traders to raise external capital. A free demo account is also available.
Trading Platforms & Instruments
Traders at Gerchik & Co can choose between the industry-standard MetaTrader 4 (MT4) and MetaTrader 5 (MT5) platforms. MT4 is known for its simplicity and extensive community support, while MT5 offers additional timeframes, order types, and a built-in strategy tester. Both platforms are available for Windows, Mac, iOS, and Android.
The broker advertises a product range of over 1,560 instruments, including currency pairs, stock and index CFDs, ETFs, commodities, metals, and cryptocurrencies. Execution speed is claimed to be as low as 1 millisecond, which may appeal to scalpers and algorithmic traders.
Leverage & Risk
Leverage is tiered based on account balance and asset class. On MT4, maximum leverage starts at 1:500 for balances up to $1,000, decreasing gradually to 1:200 for balances over $100,000. MT5 uses a multi-level floating leverage system that adjusts margin requirements according to the total notional value of positions within a symbol group.
High leverage amplifies both potential profits and losses. The broker states that it may reduce leverage during weekends or ahead of major news events. Traders should be fully aware of the risks of leveraged trading, particularly with a broker operating under a less stringent regulatory regime.
Funding & Payment Methods
Deposits and withdrawals can be made via bank cards (Visa/Mastercard), SharPay, SEPA transfer, Volet, and three cryptocurrencies (Bitcoin, Litecoin, Ethereum). Card deposits incur a 2.8% fee, while SEPA transfers cost €5 plus 0.15%. SharPay, Volet, and crypto deposits are free, though crypto withdrawals may have a network fee.
Processing times vary: SharPay and Volet are instant, card deposits take up to one business day, and SEPA transfers take two business days after funds reach the company account. The broker operates during business hours on weekdays, with no processing on weekends.
Overview compiled by FXCanary from regulatory records and public data. full Gerchik & Co Limited review