Updated October 23, 2026

Review updated in 2026. Everything below comes from the broker's own materials and from working through the platform. Anything the broker does not publish is marked as such rather than guessed at.

This Gerchik & Co review starts where most people start, with the feedback. Reviewers praise the education material and the transparency of the terms, and the risk management tools come up again and again as the strongest part of the offer. The complaints are just as consistent: slow customer service and difficulty getting withdrawals out. The short version is that the toolkit is good and the service around it is not, so the rest of this page works through both sides with the numbers attached.

Consumers lost a staggering $12.5 billion to fraud in 2024. The best way to protect yourself is to do your financial business on safe, regulated platforms, which means doing the research before you sign up rather than after the money is gone.

Looking for a reputable forex broker, I came across Gerchik & Co and wanted to see how it holds up next to the rest of our broker reviews. I opened an account, funded it and worked through the platform section by section.

Gerchik & Co at a glance

Broker: Gerchik & Co, Ltd., operating since 2015

Regulation: licence from the Vanuatu Financial Services Commission, described in this review as a pay-to-join registry rather than a supervising regulator

Licence type: Dealing in Securities

Registered office: Govant Building, Kulum Highway, Port Vila, Vanuatu

Minimum deposit: from $/€100 on the Zero account. The broker card on this page shows $500, so check the current figure on the broker site

Account tiers: Zero from $/€100, Mini from $/€500, Simple from $/€1,000

Maximum leverage: 1:100 on the Zero account. Not stated for the other tiers, check on the broker site

Minimum lot: 0.01 on Zero, 0.10 on Simple

Spreads: from 0 pips as stated by the broker, 0.4pp on Mini

Commission: $10 per lot on the Mini account. Not stated for the other tiers, check on the broker site

Platforms: MetaTrader 4 and MetaTrader 5

Instruments: CFDs on forex, crypto, metals, indices, energy, futures, US, EU and UK stocks, and ETFs

Payment methods: Visa, MasterCard, SEPA, SWIFT, Advanced Cash, Perfect Money, Ripple, Bitcoin, Tether, TUSD, Ethereum, Litecoin, Dai, USDC, SharPay Visa Card

Account currencies: US dollars and euros. SEPA and SWIFT in euros only

Deposit time: up to one business day

Withdrawal time: up to two business days, one day for some cryptocurrencies

Withdrawal charges: 2.8% on cards, €5 on SEPA and SWIFT, 0.5% on e-wallets, 0.5% plus blockchain fees on crypto

Minimum withdrawal: $15 on cards, €100 on SEPA and SWIFT, $1 on Advanced Cash and Perfect Money, $100 on Ripple and Bitcoin

Support: live chat, email, telephone for Ukraine, Kazakhstan and the EU, Twitter, Telegram. Payment desk 9:00 to 18:00, Monday to Friday

Demo account: not stated in this review, check on the broker site

Segregated client funds and compensation scheme: not stated in this review, check on the broker site

What is Gerchik & Co?

The platform was built by a former trader, and the layout shows it. Volume data, risk limits and trade statistics sit in their own sections instead of being buried three menus deep. Whether you trade on volume or on something else entirely, that arrangement saves time once you know your way around.

The broker launched in 2015 and took an award for the fastest-growing FX broker in its first year. Several more followed after that.

The global online trading industry is growing at an expected CAGR of 6.5%, and Gerchik & Co has carved out a niche inside it. The company reports over 100,000 users and 5,000 trades per month.

Regulation

Gerchik & Co is not regulated by any major authority, and that belongs at the top of the page rather than in a footnote. The Vanuatu Financial Services Commission has issued it a broker licence, but Vanuatu works closer to a pay-to-join registry than to a supervising regulator. There is no compensation scheme behind it and no ombudsman to escalate a dispute to. Its financial providers are listed as:

• J.B. Finance LLP

• White Heaven SIA

• Gerchik & Co. Consulting OÜ

The licence held is a Dealing in Securities licence. The registered office is in the Govant Building, Kulum Highway, Port Vila, Vanuatu.

Security

The broker states that it handles user information under the General Data Protection Regulation. That is a claim in its policy documents rather than something a reviewer can verify from outside.

I installed the mobile app and it ran isolated in device memory, so third-party apps could not reach it. On iOS that puts data security at the operating system level, which is standard practice rather than a distinguishing feature.

Services at Gerchik & Co

The service list is long enough to be confusing at first glance. Here is what each item actually does.

The risk manager deserves the most attention. It runs automatically, closes positions once your loss limit is reached, and you set that limit yourself to match how you trade. Most brokers leave the same job to your own discipline, which is exactly where discipline tends to fail.

That safety net is what makes experimenting survivable. You can test an unfamiliar style without one bad session eating the account.

Its features can be summed up as follows:

• Risk manager

• Real market volume

• Algorithmic developer

• Trader statistics

• Gerchik & Co MetaTrader 4

• MetaTrader 5

The emphasis falls on automated trading, which is why both MetaTrader 4 and 5 are supported. Between them you get market watch, the full set of time frames, chart customisation and expert advisors.

The real volume indicator is the other standout. It shows volume distribution across more than 350 instruments, so you can place orders at levels where trades actually happened rather than at levels that merely look tidy on a chart. Stop-loss placement improves from the same data.

Trader statistics records every trade and sorts the results for you. Read them honestly and the weak part of a strategy usually surfaces inside a month.

The algorithmic developer is the professional end of the platform. Beginners will get more out of the free trading plan, while experienced traders can build their own logic from the parameters the tool exposes.

Payment options

Payments were the next thing I checked, because tools count for nothing if funding the account is awkward. Here is how it went.

A broker serving a global audience needs a wide payment menu, and depositing in your own currency avoids a conversion charge on every transfer. Gerchik & Co covers the industry-standard options. The payment desk works 9:00 to 18:00, Monday to Friday, which matters when a transfer stalls on a Friday evening.

Methods, charges and minimum withdrawals are set out below:

Payment Method Charges Min. Withdrawal Visa, MasterCard 2.8% $15 SEPA, SWIFT €5 €100 Advanced cash 0.5% $1 Perfect money 0.5% $1 Ripple 0.5% + blockchain fees $100 Bitcoin 0.5% + blockchain fees $100

Other methods are accepted as well, among them Tether, TUSD, Ethereum, the SharPay Visa Card, Litecoin, Dai and USDC. Availability depends on your region, so confirm yours before planning a deposit around one of them.

Deposits can take up to one business day to appear. Mine landed within a few hours, so an empty balance immediately after payment is not a reason to worry.

Withdrawals take up to two business days. A handful of cryptocurrencies clear in one.

Accounts are held in US dollars or euros. SEPA and SWIFT accept euros only, so a dollar account plus a SEPA withdrawal means paying a conversion on the way out.

Account types

There are three retail accounts, and what separates them is trading cost rather than the feature set.

Here is what each tier gives you:

Zero account: You can start sending your orders to the interbank market with as little as $/€100. This account has a maximum leverage of 1:100 with a minimum lot size of 0.01. Despite its affordability, you can still access Metatrader 4 and 5, unlimited orders, and algorithm trading.

Mini account: This subscription starts at $/€500, but it reduces the spread to 0.4pp. You will enjoy a $10 fee per lot with unlimited orders.

Simple account: This one costs $/€1,000 to open, but it brings added benefits. The spreads are non-existent, and you get a minimum lot size of 0.10. Other features are the same as the mini account.

Investors can start from $/€100 with the option to reinvest. Payouts are periodic and the schedule comes from the offer you accept: once a week, twice a week, once a month, twice a month or once a quarter.

I tested the Zero account and the process ran smoothly. Getting MetaTrader 4 and 5 from the cheapest tier is a genuine plus, since plenty of brokers hold the platform back for larger deposits.

There is also a manager role, which costs $/€1,000 to register. The broker advertises 1ms execution speed and its best market liquidity on that tier.

Instruments at Gerchik & Co

The CFD range was the first thing I checked. It covers forex, cryptocurrencies, metals, indices, energy, futures and stocks, with the stock list drawn from the US, EU and UK markets.

CFDs on exchange-traded funds are supported too. Each contract page shows contract size, margin percentage and swap before you commit to anything.

Trading hours and server breaks are published per instrument, which saves you finding out the hard way at 2am.

Positions can be held overnight. I did not test this myself, but the trading terms state that you may be credited or debited depending on conditions, and swap rates appear either in pips or as percentages.

Every instrument carries its own swap rate, visible before the trade goes in. Taken together, the range is adequate for most retail strategies.

Training

Two training programmes are on offer:

The reboot training course

Training from scratch

The reboot course runs on sample trades, charts and videos, and it sets home tasks so the material sticks. The techniques are ready to use rather than theoretical.

I worked through part of it. The content is decent and clearly presented, but nothing in it is unique to this broker.

The reboot course is free, in one of two packages. Basic gives you five videos and two months of access to the lessons. Comfort extends that to four months and the full course.

The training from scratch course suits beginners better. It covers technical analysis for market decisions, low-risk trade construction, building a trading plan and a checklist for entering the market correctly. The Fifty Shades of Forex trader's handbook comes with it.

Customer support

Support coverage is broad. Live chat sits behind the small icon at the bottom left, the one with the prompt asking for your question, and replies came back immediately in my tests.

There is a head office at Port Vila, Vanuatu, if you happen to be in the neighbourhood. Telephone support covers Ukraine, Kazakhstan and the European Union, with the EU line serving English-speaking clients generally.

Email, Twitter and Telegram round out the channels.

Live chat was the fastest by a wide margin. Email replies did arrive, but slowly, which lines up with the complaints quoted at the top of this review.

Pros of Gerchik & Co

• Clear and understandable terms and conditions.

• Supports independent, trust-managed, automated, and advisor-assisted trading.

• A variety of tools and educational resources.

• Investment protection (risk manager).

• Minimal required initial investments (from 100 USD).

• As stated by the broker, spreads start at 0 pips.

• The firm clearly outlines their commission fee.

Cons of Gerchik & Co

• Bonuses are limited.

• Several verified sources of feedback citing incorrect quotes.

• The User Agreement terms generally don’t side with the customer.

• No supervision by a major regulator, and no compensation scheme standing behind the Vanuatu licence.

• Recurring user reports of slow support replies and delayed withdrawals.

Who Gerchik & Co suits

Worth a look if you want volume data and a hard risk limiter at a small deposit. The real volume indicator covers more than 350 instruments and the risk manager closes you out automatically once your loss limit is hit. Neither is common at the $/€100 entry level, and both platforms come with the cheapest tier.

Think twice if regulation is your first filter. A Vanuatu licence gives you no compensation scheme and no ombudsman, and the feedback quoted above points at withdrawal delays. Keep the balance small enough that a bad outcome is survivable, and withdraw regularly rather than letting profit sit.

Not suitable at all if you need a broker supervised in the UK, EU or Australia, since the entity is licensed offshore and nothing in the account structure changes that. Our broker comparison lists the regulated alternatives with their licence numbers.

Conclusion

Gerchik & Co runs its trading through MetaTrader 4 and 5, and the trader statistics feature is arguably the best thing on the platform. It shows your past trades in a form you can act on rather than one you have to decipher.

You can register as an investor or as a manager. The manager tier costs more and comes with 1ms execution speed and the broker's best market liquidity.

Overall, Gerchik & Co is equipped for beginners and professionals alike, and $/€100 is enough to get started. Weigh that against the regulation. The tools are strong, the oversight behind them is not, and only you can decide how much that trade-off is worth.

FAQ

Is Gerchik & Co safe and regulated?

It holds a Dealing in Securities licence from the Vanuatu Financial Services Commission, which this review describes as a pay-to-join registry rather than a supervising regulator. There is no compensation scheme and no ombudsman behind it, so treat any balance you hold there as money at risk.

What is the minimum deposit at Gerchik & Co?

The Zero account opens from $/€100, the Mini from $/€500 and the Simple from $/€1,000. The broker card at the top of this page shows $500, which does not match the Zero tier, so confirm the current figure on the broker site before funding.

How long does a withdrawal take?

Up to two business days for most methods, and one business day for some cryptocurrencies. Deposits register within one business day. The payment desk works 9:00 to 18:00 Monday to Friday, so requests sent over a weekend start moving on Monday.

What does a withdrawal cost?

Cards carry a 2.8% charge with a $15 minimum withdrawal. SEPA and SWIFT cost €5 with a €100 minimum. Advanced Cash and Perfect Money charge 0.5% from $1. Ripple and Bitcoin charge 0.5% plus blockchain fees with a $100 minimum.

Which platforms and instruments are available?

MetaTrader 4 and MetaTrader 5, both included from the cheapest account tier. Instruments are CFDs on forex, cryptocurrencies, metals, indices, energy, futures, ETFs and stocks from the US, EU and UK markets, each with its own swap rate shown before you trade.