Broker Gerchik & Co has informed its users about changes in trading conditions for MetaTrader 5 accounts.

"Trading conditions for MetaTrader 5 accounts are changing for instruments included in the US Stocks and ETF groups," the company said in a statement.

The main changes are:

Trade volume

The minimum trade size for US Stocks and ETFs has been reduced from 50 lots to 1 lot.

Fees

The fee for 1 lot in a trade will be $0.03, with a minimum execution fee of $1.5.

Fee is deducted from each trade, both when entering and exiting a position. Instead of $0.06 per 1 lot for entering a position, the fee will now be $0.03 per 1 lot for entering and $0.03 per 1 lot for exiting.

The changes are effective as of March 18, 2024.

The broker notes that everything will remain the same for MetaTrader 4 accounts.

Gerchik & Co is a broker that was established in July 2015, and the same year it was awarded as the Fastest Growing Company by the Mena 15th Forex Show.