Mecuryfx Review

Is Mecuryfx a scam or legit broker? Read Mecuryfx Review

About Mecuryfx

 Website – https://mecuryfx.com/

 Address – IBM Building 590 Madison Ave, Suite 2116 New York NY 10022

 Warned By – Securities and Exchange Commission (United States of America)

Domain Age Information of Mecuryfx

The main reason why Mecuryfx is a possible scam broker is that the broker has got many Complaints and negative Mecuryfx reviews and other possible scam features can also be the reason. Your funds may not be safe if you are trading with this broker.

According to the broker’s website, the MecuryFX brand is regulated and licenced by the FSC (Mauritius), the FCA of the United Kingdom, CySEC, and the FSCA of South Africa, among others. We couldn’t locate any evidence to back up these claims, and there’s no record of this broker in key regulators’ databases. Unfortunately, MecuryFX does not appear to be a real company and should be avoided.

You may be charged a withdrawal fee when withdrawing your money, but when a broker requests for additional money and retains your investments and profits, that’s a significant red flag. We recommend that you avoid investing with this company and report this matter to your local authority.

Regulation

The Mecuryfx website appears legitimate at first look, but closer study shows a major red flag. It is unknown who is behind the Mecuryfx. Neither website nor the Terms and Conditions refer to a specific legal organization by name. This is simply unacceptable for any reputable firm, let alone one that provides financial services.

As a result, whoever owns the Mecuryfx is not licensed as a broker, and their actions are not regulated. You should only trust respectable brokers from in well-established financial centres such as the United Kingdom, the European Union, the United States, or Australia.

Brokers’ actions are regulated by major regulatory authorities such as the Financial Conduct Authority (FCA) in the United Kingdom, the Cyprus Securities and Exchange Commission (CySEC), the Commodity Futures Trading Commission (CFTC) in the United States, and the Australian Securities and Exchange Commission (ASIC).

We also reviewed comparative-looking broker sites in our scam brokers 2023 list, the vast majority of them are unlicensed and obscure.

Mecuryfx possible scam activities

It can be challenging to identify trading scams, such as Forex, Binary Options, and Cryptocurrency. However, there are some indicators to look out for.

Here are some of the very possible reasons why we have flagged this broker as a scam broker in this Mecuryfx review.

• The rules and regulations, Bonus and Withdrawal policies are not legitimate and they are made for defrauding traders.
• The broker makes continuous calls to the traders and urges them to invest higher and higher amounts.
• The broker may have made a number of false claims through its website.
• The broker remains operational for some time and suddenly you are not able to contact the broker or the website seems down. The broker also changes the name and website URL without any notice to existing traders.
• The broker may be located in the countries or small islands where there is no proper regulation and registering a company is very easy. Usually, these countries are havens for scam brokers.
• This broker provides you good chances of making profits and when you decide to withdraw your money, they will state their illegitimate rules of withdrawals, and ultimately you are not able to make a withdrawal.

Mecuryfx has got many negative reviews and traders who traded with this broker have raised many complaints against it. ReportScam has investigated a lot about this broker and based on the negative reviews, complaints and other scam features, we have listed this broker in the list of scam brokers 2023.

Example of Negative Mecuryfx Review

After Searching internet you will find many negative Mecuryfx Reviews. Users have frustrations and feel cheated after trading with this broker. ReportScam does not recommend traders to trade with this broker and your funds may not be safe with this broker and Mecuryfx reviews are negative.