Unique review of Meliora broker
Company Meliora declares its openness to cooperation with all interested parties and positions itself as a leading platform for CFD trading in Europe. According to their statements, this platform has over 120,000 active users. However, some doubts arise due to the lack of reviews about the broker. This situation usually occurs when a brokerage company is new to the market. To learn more about this, we suggest examining the results we obtained.
Structure of Meliora and its real experience
According to information on the Meliora website, the company started its operations in 2015 and achieved certain results. However, we could not confirm this information. After analyzing the domain history, it turned out that the website meliora-merill.com only started functioning on January 31, 2024.
There are many questions about this project, but getting precise answers to them is difficult. Communication with customer support is possible only via email. Moreover, the provided email is also not authentic. In such a situation, you will have to deal with all emerging issues on your own.
We did not find internal documents that clearly regulate the rights and obligations of the parties. Instead, only a small FAQ section was presented. Such a limited amount of information is insufficient. Additionally, there is a high probability that scammers may change the rules at any moment and deceive users.
Legal status of Meliora
Company Meliora promises insurance coverage up to 1 million euros for compensation in case of broker bankruptcy. However, we found no evidence to confirm this promise. Lloyd’s of London does not report any official collaboration with this broker.
Officially, Meliora claims to be registered in the offshore zone of Vanuatu and to have obtained a license from VFSC. The site even lists the license number as 111372.
However, our verification revealed that the company misrepresented its legal activities. Its name is not on the list of licensees of local regulators, indicating the lack of fund security and legal protection in case of money return needs.
Trading conditions
Broker Meliora promises a convenient trading experience with a wide range of instruments (currencies, commodities, metals, stocks, cryptocurrencies). Providing trial access to the platform before registration is not envisaged. To start trading, funds must be deposited. The key features of the trading platform include:
- minimum deposit – $250,
- leverage – up to 1:100,
- trading signals – basic or full,
- bonuses – up to 50%,
- insurance – up to 70%,
- spread compensation – up to 40%,
- personal scalping support, portfolio consultation, scalping strategy training,
- passive income. Deposit term – up to 90 days, minimum entry threshold – $250, daily interest rate – 1%. Bonus up to 5% of the deposit depending on the investment period.
We couldn’t find public reviews about Meliora where users share their earning experience. It is likely the platform is solely focused on fund replenishment. Information on payment methods, regulations, and commissions is not provided.
Conclusion
Working with Meliora starts with a show of good intentions. The company offers various opportunities for active and passive income, promising professional support. However, in reality, the resource’s aim is solely to attract investments by whatever means available. Once they succeed, investors are likely to be deceived as Meliora has no intention of fulfilling its obligations. Be vigilant and do not fall under the influence of these scammers. They lack reliable legal grounds for operation.
I am profoundly dissatisfied with the broker’s work as evidenced by the multitude of negative customer reviews highlighting poor performance and subpar service in 2024.