Merit Forex Broker Review

Author By Jeffrey Cammack
Updated: March 1, 2021
Overall Rating
3.15 3.15 / 5
🏦  Min. DepositUSD 250
🛡️  Regulated By
💵  Trading Cost 
USD 100
⚖️  Max. Leverage400:1
💹  Copy Trading
🖥️  Platforms
💱  Instruments 
Alert0 of retail investor accounts lose money when trading CFDs with this provider
Last updated on 1 Mar 2021
by Editorial Director Jeffrey Cammack
Jeffrey Cammack

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Our verdict on Merit Forex

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

Overall Summary

Regulation
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
Alert0 of retail investor accounts lose money when trading CFDs with this provider
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