Merrill Broker: company reviews and fund withdrawal
The company Merrill Broker offers its clients impeccable service, lightning-fast order execution, and favorable cooperation conditions. However, it is important to take into account traders’ reviews that may raise doubts about the honesty and reliability of this company. Our review presents key facts about the financial partner, including legal basis, commercial offer, and payment discipline.
Main Company Information
According to information on their platform, Merrill Broker has been providing its services in various countries since 2010 and has over 200,000 clients. However, upon analysis, we found that the domain mbbroker.site was only launched in March 2022.
Reviews of Merrill Broker have surfaced earlier and indicate many problems. For example, the company uses several websites, including merrillbroker.ru and merrillbroker.com, to confuse regulators. There is no reliable information about the company’s management or their financial responsibility.
What about the Legal Basis?
Information about Merrill Broker’s registration in Saint Vincent and the Grenadines may raise doubts as this island nation is not always associated with reliability. The local regulator does not control the activities of financial intermediaries, which may pose risks to clients in case of problems.
In the CIS countries, Merrill Broker operates without a license, as confirmed by the results of checking local regulators’ registers. Supervisory authorities do not provide protection to traders, leaving them unable to recover their funds.
What Do They Offer to Potential Clients?
Merrill Broker promises access to trading various assets such as global indices, stocks, currencies, commodities, and CFDs. However, users note that the platform is more geared towards attracting funds rather than providing quality services.
- Initial deposit – from $250 to $100,000.
- Maximum leverage – up to 1000x.
- Trading platforms offered: MT4 and MT5.
- Spreads range from zero.
User reviews highlight issues with profit withdrawals and note that the company tends to look for reasons to avoid payouts.
What Are the Reviews of Merrill Broker?
Negative reviews of Merrill Broker point to the company’s fraudulent activities and clients’ loss of funds. Deception schemes include cunning persuasion methods, manipulation of the trading terminal, and opaque withdrawal commissions.
Review Results
Our results show that Merrill Broker is an offshore company that does not pay sufficient attention to reliable customer service. Be vigilant and warn yourself and your acquaintances against falling into the trap of scammers.