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Gerchik & Co Review
Gerchik & Co is a Vanuatu and Mauritius regulated broker built around trader Alexander Gerchik, offering MetaTrader accounts, prop challenges, and deposit bonuses.
Min Deposit
$10
Spreads From
About 1.0 pip on Zero, 0.0 pips on Premium plus an $8 per lot fee
Max Leverage
1:500
Platforms
MetaTrader 4, MetaTrader 5
Pros
- Holds real licenses from both the Vanuatu VFSC and the Mauritius FSC
- Zero account opens from around ten dollars with spreads from one pip
- Runs both MetaTrader 4 and MetaTrader 5 with over 1500 tradable assets
- Belongs to The Financial Commission for independent dispute resolution
- Offers funded prop trading challenges alongside normal live accounts
Cons
- Has no license to serve clients in the European Economic Area at all
- Vanuatu and Mauritius oversight is far lighter than the FCA or ASIC
- An independent watchdog flagged its heavy Russian and Belarusian user base
- Leverage up to 1:500 is far above levels allowed for retail clients in the EU
- Runs a large deposit bonus program, a type of offer top regulators often ban
Gerchik & Co takes its name from trader Alexander Gerchik and has traded since 2015 with partner Ivan Kroshnyi. The core entity is licensed in Vanuatu, and a Mauritius sister firm holds a separate investment dealer license. A related London firm is only a financial services provider, not a licensed broker.
Accounts start with a Zero account from ten dollars, spreads from about one pip, or a Premium account from three thousand dollars with tighter spreads and a fixed fee per lot. Both run on MetaTrader 4 and 5 across forex, indices, crypto, stocks, and metals, and the broker also runs funded prop challenges.
Neither Vanuatu nor Mauritius match the oversight of the FCA or ASIC, and the broker has no license for the European Economic Area. An independent watchdog found that most visitors to its sites once came from Russia and Belarus, raising real questions about sanctions compliance. A large deposit bonus is currently live, a type of offer top regulators usually ban.
Min. Deposit
USD 10
Max Leverage
1:500
Spreads From
About 1.0 pip on Zero, 0.0 pips on Premium plus an $8 per lot fee
Platforms
Regulation, fund safety, track record
Spreads, execution, leverage
Platform quality, charting, features
Analysis, webinars, learning materials
Support quality, responsiveness
Mobile app quality, features
