forex / CFD
Gerchik & Co limited review: is gerchikco-fxtrade.com a scam?
Scametric verdict
High risk
gerchikco-fxtrade.com is on the Bank of Russia warning list (1 February 2021, id 7372) for signs of an illegal professional securities-market participant. Many customers of sites in this class report blocked withdrawals, frozen accounts, and lost deposits. We would not deposit.
- Operator identity Bank of Russia lists Gerchik & Co limited, Gerchik & Co, J.B. FINANCE LLP against gerchikco-fxtrade.com; no matching authorised-firm website found
- Regulator register Bank of Russia listed this domain on 1 February 2021 (id 7372) for signs of an illegal professional securities-market participant
- Economics of the offer A CBR illegal-activity listing is not a product we would fund
- Withdrawals Many customers report blocked withdrawals, frozen accounts, and deposits they cannot get back
- Website claimed
- https://gerchikco-fxtrade.com/
- Promised returns
- Not stated in the Bank of Russia listing. The entry is in the illegal professional securities-market participant bucket (the same bucket used for illegal forex and CFD shops).
- Minimum deposit
- Not published in the Bank of Russia listing
- Regulation claimed
- None found that matches this domain; Bank of Russia warning list, 1 February 2021
- Pressure tactics
- Unlicensed broker shops typically push bonuses, high leverage, and a manager who wants a larger deposit
Blocked withdrawals and frozen accounts
On platforms in this class, many customers report they cannot withdraw once the amount is real. Typical complaints:
- withdrawal requests stay pending, get cancelled, or are never paid
- the login or trading account is blocked after a cash-out request
- the desk demands extra deposits, “verification”, liquidity, or tax before any payout
- the original deposit is lost
Do not send more money to release funds. Keep records and report the site. A first tiny payout is advertising for the next deposit.
Short answer: treat gerchikco-fxtrade.com as high risk. The Bank of Russia listed Gerchik & Co limited, Gerchik & Co, J.B. FINANCE LLP (XML id 7372) on 1 February 2021 for signs of an illegal professional securities-market participant. That is a regulator warning, not a court conviction. Customers of sites in this class typically report blocked withdrawals, frozen accounts, and deposits that do not come back.
What we checked
Identity
The Bank of Russia warning-list row names Gerchik & Co limited, Gerchik & Co, J.B. FINANCE LLP, website gerchikco-fxtrade.com, type internet project. The same CBR row also names gerchikco.com, fxgerchik.com, gerchik.co, po.gerchik.co, gerchikcofx.com, po.gtm-fx.com.
This review is about gerchikco-fxtrade.com only. A similar brand, a similar domain, or a real firm that happens to share a word in the name is not automatically the same operator. Check the URL on the warning, not the slogan.
Permission to operate
The Bank of Russia publishes a warning list of entities with detected signs of illegal activity on the financial market. The matching detail page for this entry is id 7372, dated 1 February 2021, signs of an illegal professional securities-market participant. We did not find this domain as the official website of an authorised bank, broker, or investment firm on a major public register.
The offer
This is a unlicensed broker / CFD-shop class project on the CBR list. The securities-market bucket is the one the Bank of Russia uses for illegal professional participants, including illegal forex and CFD dealers. A MetaTrader download, a bonus, or a ‘licensed’ badge on the site is not a register entry.
Withdrawals and customer reports
Many customers report they cannot withdraw, that accounts get blocked after they ask to cash out, and that the deposit never comes back. A small first payout is advertising. Do not pay a fee, tax, or extra deposit to “unlock” a balance — that is how the rest of the money is taken.
Red flags
- On the Bank of Russia illegal-activity list (1 February 2021, id 7372)
- Signs of an illegal professional securities-market participant
- No matching licence URL for this domain
- Withdrawal-block / frozen-account pattern typical of this product class
Bottom line
If you have not deposited, don’t. If you already funded gerchikco-fxtrade.com, stop, keep the records, and report. Do not send more money to release a bonus or a cash-out. People in this class typically lose the deposit when they try to withdraw.
Frequently asked questions
Can I withdraw my money?
Many customers report that they cannot. Withdrawal requests stall or are refused, accounts get blocked or frozen after a cash-out request, and the deposit does not come back. Support often asks for another payment, a “tax”, or a fee to “unlock” the balance. That is how the rest of the money is taken. A small first payout is advertising, not proof you can cash out later. Do not send more funds.
Is gerchikco-fxtrade.com a scam?
We rate it high risk. The Bank of Russia listed Gerchik & Co limited, Gerchik & Co, J.B. FINANCE LLP on 1 February 2021 for signs of an illegal professional securities-market participant. That is a regulator warning, not a court conviction. We would not deposit.
Is Gerchik & Co limited legit?
A legitimate firm’s URL matches the licence on the regulator’s own register. gerchikco-fxtrade.com does not. This page is only about that domain — a similar name is not automatically the same company.
What should I do instead?
Skip unlicensed deposit sites on this warning list. Use a named firm on a real register. We mention one option in the recommendation block, with a disclosure.