Merell LTD Broker Review
Merell LTD presents itself as an international online broker offering traders successful trading adventures and transactions on functional trading platforms. The financial agent promises a new solution in the trading sphere, aiming to provide innovative opportunities for traders. Operating through multiple domains, including merellltd.finance, workspace.merellltd-trade.finance, and merellltd.in, Merell LTD seeks to deliver its services to a wide range of clients globally.
In this review, we will delve into the features, services, and reliability of Merell LTD to help traders make informed decisions about their investment ventures.
The Merell LTD website provides users with the company’s mission and vision, but the company has no explicit information about its date of creation or the individuals behind the brand. The site’s footer states that the Merell LTD brand is managed by Merell LTD Ltd, a company registered in the Comoros Islands, with its registered office in the UAE, at 3802, 38th Floor, Churchill Executive Towers, Business Bay, Dubai. However, while information on licensing is available, access to the documents themselves is not officially provided.
In addition, there is no contact section on the website, and users cannot find a phone number or email address to contact the company. The only available method of contact is a special feedback form that can be filled out on the website.
Trading Instruments and Platforms
Merell Ltd claims to offer social trading and introduces the concepts of PAMM and MAM trading on its website. They also state that their trading platform is MetaTrader 4 (MT4).
However, the trading platform MetaTrader 4 has declared that it has no affiliation with the broker Merell Ltd. Even among scammers, falsely claiming association with trading platforms is rare.
There is a section on the website explaining trading terminologies with brief explanations and video materials. The terms are explained in a couple of sentences using simple language, but the videos do not open.
Account Types
At MerellLTD, there is no demo account version available. However, clients have access to educational materials to familiarize themselves with the platform and the basics of trading. MerellLTD has developed 4 types of account plans specifically to meet various financial goals and needs.
- Beginner – Minimum deposit of $500, leverage of 1:5, allows trading in cryptocurrencies and metals.
- Starter – Initial deposit of $5000, provides additional features such as access to trading signals and services of a personal manager.
- Professional – Deposit starting from $50,000, enables algorithmic trading with 1 robot and no swaps.
- Gold – Minimum deposit of $200,000 unlocks access to algorithmic trading with 2 robots, as well as exclusive events and gifts.
- Platinum – Starting from $500,000, with a leverage of 1:20.
- VIP Club – $1,000,000 deposit, offers a personal analyst in your city, as well as tax exemptions.
Trading is conducted on the MT4 platform, which is available on all devices.
Regulation and Security
One of the primary considerations when choosing a broker is its regulation and licensing. However, with Merell Ltd, there is a lack of clarity regarding its regulatory status, raising serious doubts about the safety of client funds. The absence of regulation leaves users without adequate protection and may lead to various financial risks.
While the company claims to be authorized by Mwali International Services Authority in the Comoros Islands, providing a license number and certificate, there is no way to access the actual documents for verification.
Moreover, the absence of a contact section on the website, where clients can find the broker’s phone number and email address, further adds to the concerns about transparency and accountability.
Without proper regulation and transparency, traders are exposed to significant risks, making it crucial for potential clients to exercise caution and thoroughly research any broker before entrusting them with their funds.
Deposits and Withdrawals
The minimum deposit required to open an account with MerellLTD is $500. The company offers various options for depositing and withdrawing funds, including bank cards and transfers, payment systems, and cryptocurrency wallets. Requests for fund withdrawals are processed promptly on a 24/7 basis, and all transactions can be easily tracked in the trader’s personal account after registering an account.
Conclusion on Merell ltd
In conclusion, Merell Ltd presents itself as an international online broker offering trading adventures and deals on functional trading platforms. However, several aspects raise concerns about the transparency and reliability of the company. The absence of information regarding the date of establishment and the identities of the founders, coupled with the lack of contact details and regulatory clarity, undermines trust in the broker. Additionally, discrepancies concerning the association with the MetaTrader 4 platform further cast doubt on the credibility of Merell Ltd. While the broker provides various account types and deposit/withdrawal options, these factors are overshadowed by the overall lack of transparency and regulatory oversight. As such, investors should exercise caution and conduct thorough research before engaging with Merell Ltd.
