ANSWER Gerchik & CO is owned and operated by Gerchik & CO Limited, a company аuthorized and regulated by the Vanuatu Financial Services Commission (VFSC) with company registration number: 40512. We do find a match result to Gerchik & CO Limited in VFSC.However, VFSC is a popular offshore regulator among forex brokers as capital (or bond) requirements are relatively small. A Forex license covering the online activities of a brokerage is issued in 2-3 months, which is indeed extremely fast. Moreover, there is no income tax, capital gains tax and inheritance tax in the country. So VFSC-regulated brokers are actually not under as strong regulation as FCA, ASIC and NFA regulated brokers. Most importantly, some shady brokers will falsely use the regulatory information of a licensed broker by VFSC, as this regulator provides neither authentication details nor domains of the registered company for traders to verify. Consequently, it is not a hundred percent sure that the licensed entity is the one that runs the business under the trading name of Gerchik & CO Limited. We would recommend exercising caution when dealing with VFSC- regulated brokers.
查看更多
