Merrix Review: Merrix.pro is a Shady Firm

× Alert!
  • - Can't withdraw your funds from this fraudulent company or broker?
  • - Have they asked you to pay excessive withdrawal fees or to deposit more funds?
  • - Or is there an excessive delay in processing your withdrawal?
  • - Are they trying to push you into depositing more money with them even without withdrawing the one you've already put in?

It's a CONFIRMED scam broker/company, recover your stolen funds by filling out the form below and you will get a FREE Got-Payback consultation today:

Fill in the form in the page below to recover your lost funds from this scam company
You will be redirected to got-payback.com after clicking the image

Merrix Review
  • Fund Safety
  • Customer Support
0.5

Summary

As for Merrix, this broker is unregulated. We could not find the company name in any financial watchdogs’ databases. The company doesn’t even have Terms and Conditions or Client Agreements. Worse, Belgium’s Financial Services and Markets Authority (FSMA) recently issued a notice warning investors against trading with this shady broker.

With so many ways of making money popping up daily on the internet, it is sometimes hard to tell what is real and what is phony. Forex trading has emerged as a way of making money from home. However, a broker is necessary for one to enter the market. Not all brokers are legit, however. Some, like Merrix, are scammers.

Merrix Review, Merrix company

To be safe, traders should only trade with honest and transparent crypto brokers. This way, they can be sure that their money is safe. If they want to withdraw their money or close their account, the process is seamless when dealing with a legit broker.

About Merrix.pro

The website reveals very little about the company. Upon investigation, however, we learned that the firm is a multi-asset platform for investment. Mainly, they deal with crypto trading.

The firm supposedly operates in the European countries of Sweden, France, and England. Most of the details on the website are sketchy and limited. The broker is interested in making sure you invest with them and less about the safety of your funds.

Founders and Team

We found no information about its founders or current management. This is suspicious, given how vital this information is. A trustworthy investment company must win people’s trust by displaying such information. Hiding it makes them suspicious.

The firm’s owners may operate multiple websites purporting to offer trading services. Therefore, they could already be exposed as scammers elsewhere, hence the need to hide their identities. A legit broker does not hide who is in charge of their establishment.

Contact Details

In trading, there are so many uncertainties. Many novice traders may need clarification about what is happening, especially during high-impact economic news. Traders, therefore, need to be in constant communication with their brokers for clarity or to address any concerns they might have about their trades.

This broker does not mind its investors. They have yet to give any means of communication to reach them. Thus, a trader cannot get the broker if they have a query. This is a significant issue with this broker and can be an inconvenience in the long run.

Regulation

Forex trading has inherent risks. However, there is no greater risk than trading with an unregulated broker. The chances of losing all your invested money, including profits, are very high. It is, hence, essential to be cautious and always check if a recognized financial watchdog regulates a broker before investing with them.

As for Merrix, this broker is unregulated. We could not find the company name in any financial watchdogs’ databases. The company doesn’t even have Terms and Conditions or Client Agreements. Worse, Belgium’s Financial Services and Markets Authority (FSMA) recently issued a notice warning investors against trading with this shady broker.

Trading Conditions

After opening an account, traders get a spread of 3 pips for the major currencies such as USD/JPY, EUR/USD, and GBP/USD. The leverage is at 100:1 for currencies, stocks, crypto gold, and indices; the minimum deposit is $10,000.

The above conditions are unfavorable. Most regulators would not allow them, which explains why it was hard for the shady firm to acquire the operating license. US-regulated brokers, for example, allow a leverage of up to 50:1, while those in the European Union work with 30:1.

Deposit and Withdrawal Methods

Traders can only deposit money through cryptocurrencies. This is a well-calculated move by the broker to scam people. They know that, unlike fiat money, cryptocurrencies are decentralized. Once you pay cash, the transactions are irreversible. Also, it is hard to trace your money once it is released.

On the legal aspects of the company, the broker has hinted that the refund process might take time. They have implied that once the trader requests a refund, the company reserves the right to reject it.

Final Verdict

Merrix is a scam. It is a clone company. They have copied the logo from another company and changed the website name to make it appear legitimate. However, we have unmasked them and shown their true identity. To avoid being a victim, trade with legitimate, trustworthy crypto brokers only. It is a sure way to ensure your money is safe

Leave a Reply

Your email address will not be published. Required fields are marked *