Score

1.47 /10
Danger

2Mercados

Ireland

2-5 years

Suspicious Regulatory License

Suspicious Scope of Business

High potential risk

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Score

Regulatory Index0.00

Business Index6.70

Risk Management Index0.00

Software Index4.00

License Index0.00

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Website

Licenses

No valid regulatory information, please be aware of the risk

VPS Standard
No restriction on the broker account. Support service provided by WikiFX

Single Core

1G

40G

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Warning: Low score, please stay away! 2
Previous Detection : 2024-09-21
  • It has been verified that this broker currently has no valid regulation. Please be aware of the risk!
  • The current information shows that this broker does not have a trading software. Please be aware!

WikiFX Verification

2Mercados · Company summary

Risk Warning

Online trading involves significant risk, and you may lose all of your invested capital. It is not suitable for all traders or investors. Please ensure that you understand the risks involved and note that the information contained in this article is for general information purposes only.

General Information & Regulation

Feature Detail
Regulation No Regulation
Market Instrument N/A
Account Type Inicial, Basic, Basic+, Advanced, Pro, Pro+, Expert and Black
Demo Account N/A
Maximum Leverage N/A
Spread N/A
Commission N/A
Trading Platform Webtrader
Minimum Deposit $250
Deposit & Withdrawal Method Yandex, Alfa Bank, Maestro, MasterCard, Advcash, American Express, Sofort, MasterCard Secure Code, Postepay, Qiwi, UPayCard, Verified by Visa, Wire Transfer, Visa and Master Pay

2Mercados is allegedly a financial services company registered in Ireland that claims to provide its clients with a web-based trading platform via eight different live account types. Here is the home page of this brokers official site:

General Information & Regulation

As for regulation, it has been verified that 2Mercados currently has no valid regulation. That is why its regulatory status on WikiFX is listed as “No License” and receives a relatively low score of 1.35/10. Please be aware of the risk.

General Information & Regulation

Account Types

2Mercados claims to offer eight types of trading accounts - Inicial, Basic, Basic+, Advanced, Pro, Pro+, Expert and Black, with minimum initial deposit requirements of $250, $2,500, $5,000, $10,000, $25,000, $50,000, $100,000 and $250,00 respectively. In comparison, licensed brokers allow setting up a starter account with a minimum deposit of $100 or even less

Account Types
Account Types

Trading Platform Available

2Mercados website gives a link to Webtrader, however, it is broken. Whatever, it is advised for traders, especially for beginners to choose the brokers who offer the leading MT4 and MT5, which are highly praised by traders and brokers alike due to their ease of use and great functionality, offering top-notch charting and flexible customization options. They are especially popular for their automated trading bots, a.k.a. Expert Advisors.

Deposit & Withdrawal

From the logos shown at the foot of the home page on 2Mercados official website, we found that this broker seems to accept numerous means of deposit and withdrawal choices, consisting of Yandex, Alfa Bank, Maestro, MasterCard, Advcash, American Express, Sofort, MasterCard Secure Code, Postepay, Qiwi, UPayCard, Verified by Visa, Wire Transfer, Visa and Master Pay. The minimum initial deposit requirement with 2Mercados is said to be $250.

Deposit & Withdrawal

Bonuses

2Mercados website advertises offering a bonus of up to 50% on the first deposit. In any case, you should be very cautious if you receive a bonus. Bonuses aren't client funds, they're company funds, and fulfilling the heavy requirements that are usually attached to them can prove a very daunting and difficult task. Note that brokers are prohibited from using bonuses and promotions by all leading regulators.

Customer Support

2Mercados customer support can be reached by telephone: 35 316 994 454, email: support@2mercados.com, docs@2mercados.com or send messages online to get in touch. Company address: PARTNER FOR RECEPTION OF PAYMENTS MasterPay LTD, 60/89 Mir Jalal str., Baku, Azerbaijan.

Pros & Cons

Pros Cons
• Multiple account types • No regulation
• Various payment options • Inaccessible Webtrader
• High minimum initial deposit required

Frequently Asked Questions (FAQs)

Q 1: Is 2Mercados regulated?
A 1: No. It has been verified that 2Mercados currently has no valid regulation.
Q 2: Does 2Mercados offer the industry-standard MT4 & MT5?
A 2: No. Instead, 2Mercados offers a Webtrader with broken links.
Q 3: What is the minimum deposit for 2Mercados
A 3: The minimum initial deposit to open the basic Inicial account is $250, while the other seven account types - Basic, Basic+, Advanced, Pro, Pro+, Expert and Black, with much higher minimum deposit requirements of $2,500, $5,000, $10,000, $25,000, $50,000, $100,000 and $250,00.
Q 4: Is 2Mercados a good broker for beginners?
A 4: No. 2Mercados is not a good choice for beginners. Not only because of its unregulated condition, but also because of its inaccessible Webtrader and high initial deposit.

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