Merlion-Ltd: real reviews and trading conditions
Searching for a reliable broker is a challenging task in the face of constant fraudulent schemes. According to statistics, 90% of companies offering online trading may be kitchen-based. Our review focuses on Merlion-Ltd, claiming not to be one of them. It promises safe and profitable cooperation for both beginners and experienced investors. Let’s examine the validity of its claims and review client feedback.
About Merlion-Ltd
The homepage of the “Merlion-Ltd offers you the best!” website. The first impression of the site is thoughtful design, structured information, indicating efforts and resources invested in its creation.
Some traders express concerns about collaborating with this company due to the lack of a license from the Central Bank of Russia. This is a fact, but the company has already submitted the necessary documentation for review. Since it is not a resident of Russia, the verification process may take 2-3 months. Currently, trust should be relied upon, but there have been no complaints of non-compliance. Merlion-Ltd is not listed in the fraudulent companies list compiled by the Central Bank of Russia.
Merlion-Ltd has only recently started working with Russian investors, so the documentation has not yet been translated into Russian. Despite this, there are no complaints in this regard, as there are many online translators available.
Cooperation Conditions
The company’s website provides detailed descriptions of trading conditions. It offers over 200 assets, including 100+ currency pairs, stocks, indices, energy resources, precious metals, and commodities. The minimum entry threshold is $500. Spreads vary depending on the account type, starting from zero. The leverage is 1:30, not exceeding the FCA standards.
Three types of accounts are offered. Beginners can find basic information on financial markets on a separate page. Upon registration, users gain access to additional educational materials.
Two options are available for generating passive income: the “Refer a Friend” program and partnership as a broker representative. Referrers receive $35 for each trader they invite, while invitees receive bonus points. Partners are provided with marketing materials and receive compensation.
Company Reviews
Most complaints revolve around the need to register on the platform to contact Merlion-Ltd. Reviews mention that the response time can be up to six hours. However, the technical support promptly addresses investors’ account issues.
Summary
Currently, Merlion-Ltd does not have a license from the Central Bank of Russia, but it has already submitted the necessary documentation. The company provides detailed information on trading conditions, education, and opportunities for additional income. There is no explicit negativity in the reviews: the company processes withdrawals, although contacting it as an unregistered user is challenging.
When choosing a financial intermediary, it is important to approach the matter responsibly, as the ultimate responsibility lies with you. It is recommended to thoroughly study all available information about the organization of interest and read the opinions of its clients on the internet.
