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Merit Forex Broker Review

Author Author:  Jeffrey Cammack Published: May 26, 2020
Editor Editor:  Chris Cammack Updated: May 8, 2023

Last Updated On May 8, 2023

Jeffrey Cammack
Broker Score
3.15 3.15 / 5
🏦  Min. DepositUSD 250
🛡️  Regulated By
💵  Trading Cost 
USD 100
⚖️  Max. Leverage400:1
💹  Copy Trading
🖥️  Platforms
💱  Instruments 
AlertMost retail CFD accounts lose money. Your capital is at risk.

Last Updated On May 8, 2023

Jeffrey Cammack

75-90% of retail traders lose money trading Forex and CFDs. You should consider whether you understand how CFDs and leveraged trading work and if you can afford the high risk of losing your money. We may receive compensation when you click on links to products we review. Please read our advertising disclosure. By using this website, you agree to our Terms of Service.

Our verdict on Merit Forex

🏦  Min. DepositUSD 250
🛡️  Regulated By
💵  Trading Cost 
USD 100
⚖️  Max. Leverage400:1
💹  Copy Trading
🖥️  Platforms
💱  Instruments 

Overall Summary

Trust Rating
100001/ 5
Trading Conditions
1110.503.5/ 5
Trading Platforms
11110.54.5/ 5
Deposit & Withdrawal
11110.54.5/ 5
Education & Research
110002/ 5
Assets Available
1110.503.5/ 5
Customer Service
111104/ 5
Beginner Friendly
Standard
Welcome Bonus

Account Information

Base Currencies
USD
Number of FX Pairs
5
Crypto Pairs
0
Copy Trading
Hedging Allowed
Scalping Allowed
Islamic Account

Trading Conditions

Account Name
Trading Desk
Commission
Fees Included in Spread
EUR/USD
10.00 pips
GBP/USD
10.00 pips
USD/JPY
10.00 pips
Negative Balance Protection

Company Details

Company Name
Merit Financial Services Ltd
Founded
2016
Website Language
English
Support Language
English
Office Locations
Vanuatu

Pros

  • Great platform choice

Cons

  • Limited demo account
  • Limited currency pairs
  • No swap-free account option
  • High minimum deposit

Editorial Team

 

Chris Cammack
Head of Content

Chris joined the company in 2019 after ten years experience in research, editorial and design for political and financial publications. His background has given him a deep knowledge of international financial markets and the geopolitics that affects them. Chris has a keen eye for editing and a voracious appetite for financial and political current affairs. He ensures that our content across all sites meets the standards of quality and transparency that our readers expect.

 

Alison Heyerdahl
Senior Financial Writer

Alison joined the team as a writer in 2021. She has a medical degree with a focus on physiotherapy and a bachelor’s in psychology. However, her interest in forex trading and her love for writing led her to switch careers, and she now has over eight years experience in research and content development. She has tested and reviewed 100+ brokers and has a great understanding of the Forex trading world.

 

Ida Hermansen
Financial Writer

Ida joined our team as a financial writer in 2023. She has a degree in Digital Marketing and a background in content writing and SEO. In addition to her marketing and writing skills, Ida also has an interest in cryptocurrencies and blockchain networks. Her interest in crypto trading led to a wider fascination with Forex technical analysis and price movement. She continues to develop her skills and knowledge in Forex trading and keeps a close eye on which Forex brokers offer the best trading environments for new traders.

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AlertMost retail CFD accounts lose money. Your capital is at risk.
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Broker Score
3.15 3.15  / 5
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Merit Forex Financial Regulation

Regulator License
Regulator License

Merit Forex Trading Cost Comparison

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