Gerchik & Co

Gerchik & Co is an online forex and CFD broker established in 2021 and registered in Vanuatu. The company operates under the brand name Gerchik & Co Limited and is licensed by the Vanuatu Financial Services Commission (VFSC) under license number 40512. The broker also has a related entity in Mauritius, GERCHIK & CO. MU LIMITED, though the primary regulatory framework is offshore.

The broker positions itself as a multi-asset trading provider, offering access to currency pairs, indices, and CFDs on cryptocurrencies, stocks, ETFs, raw materials, and metals. With a FXCanary Scam Risk Score of 34 out of 100 (Guarded), traders are advised to exercise caution, particularly given the offshore regulatory status.

Gerchik & Co is regulated by the Vanuatu Financial Services Commission (VFSC) under a Forex Trading License (EP). This is an offshore license, meaning the broker is not subject to the same stringent oversight as brokers regulated in top-tier jurisdictions like the UK, Europe, or Australia. The VFSC license number 40512 is publicly listed on the company’s legal information page.

The broker also discloses a separate Mauritius entity (GERCHIK & CO. MU LIMITED) registered under number 177547, though it is not clear if this entity is regulated locally. The main legal address in Vanuatu is AJC, Govant Building, Kulum Highway, Port Vila. Additionally, the company lists a London correspondence address, but this does not imply FCA regulation.

The broker offers two live account types: Zero and Premium. The Zero account is tailored for retail traders with smaller capital, offering a minimum deposit of just $/€10 and commission-free trading. The Premium account requires a minimum deposit of $/€3,000 and likely includes additional features such as lower spreads or dedicated support.

Both accounts provide maximum leverage up to 1:500, though the actual leverage is dynamically adjusted based on account equity. A demo account is also available for practice. The accounts are denominated in USD or EUR and support the MetaTrader 4 and MetaTrader 5 platforms.

Gerchik & Co provides its clients with the widely used MetaTrader 4 and MetaTrader 5 platforms. These platforms can be installed on Windows, Mac, iOS, and Android devices, offering flexibility for traders on different operating systems.

MetaTrader 4 offers 9 timeframes, 4 pending order types, 30 built-in indicators, and support for Expert Advisors (EAs). MetaTrader 5 provides additional features such as 21 timeframes, 6 pending order types, 38 built-in indicators, and advanced analytical tools. The broker claims fast execution speeds and a wide range of order types.

According to the broker's website, traders have access to over 1,560 trading instruments. This includes more than 100 currency pairs, CFDs on stocks, stock indices, ETFs, cryptocurrencies, metals, commodities (oil and gas), and other raw materials.

The exact asset list may vary based on the platform and account type, but the broker promotes a diverse product range suitable for various trading strategies. Leverage and margin requirements can differ per instrument, with floating leverage applied to certain symbol groups.

The broker supports a variety of deposit and withdrawal methods, including credit/debit cards (Visa, Mastercard), e-wallets (SharPay, Volet), SEPA bank transfer, and cryptocurrencies (Bitcoin, Litecoin, Ethereum). Card deposits incur a 2.8% fee, while SharPay and Volet are free. SEPA transfers cost 5 EUR plus 0.15%, and cryptocurrency deposits are charged 0.75%.

Withdrawals are processed during business hours (9:00 AM to 6:00 PM UTC+3, Sunday to Friday), with crediting times ranging from instant (SharPay, Volet) to up to one business day for cards and cryptocurrencies. The broker does not charge withdrawal fees internally, but third-party fees may apply.

Leverage is a key feature of Gerchik & Co, with a maximum of 1:500 for both account types. However, the leverage is tiered: balances up to $1,000 get 1:500, then 1:400 up to $3,000, 1:300 up to $10,000, 1:200 up to $100,000, and 1:100 for amounts above $100,000. This dynamic leverage applies to forex symbols only.

During weekends and important news events, higher margin coefficients may be applied, effectively reducing leverage. The broker notifies traders of any such changes in advance. Leverage for other CFDs may be subject to different rules as per the contract specifications.