Score

1.45 /10
Danger

Merkell Group

Switzerland

2-5 years

Suspicious Regulatory License

Suspicious Scope of Business

High potential risk

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Exposure

Time Machine
Website

Score

Regulatory Index0.00

Business Index6.54

Risk Management Index0.00

Software Index4.00

License Index0.00

Time Machine
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

open now

Regulatory disclosure

Danger

CH FINMA
2021-02-24

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Warning: Low score, please stay away! 2
Previous Detection : 2024-09-20
  • 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

Merkell Group · Company summary

General Information

Merkell Group presents itself as a Switzerland-based forex broker that provides its clients with different kinds of trading assets.

Market Instruments

Merkell Group advertises that it offers various trading instruments, including forex, commodities, indices and stocks.

Leverage

There isnt any specific information about leverage is involved on the website. Keep in mind that leverage can magnify gains as well as losses, inexperienced traders are not advised to use too high leverage.

Trading Platform Available

Merkell Group says to offer some in-house platform, yet we cannot confirm it.

Deposit & Withdrawal

There are two deposit options on the menu: credit/debit cards and wire transfers. The minimum deposit is $250. Merkell Group also offers three withdrawal options: credit card, bitcoin wallet and bank transfer. It is very important to note that Merkell Group charges various fees, including the withdrawal fee of 3.5%, a monthly maintenance fee of 0.5%, a clearance fee of 0.5% on every trade, a monthly dormant account fee of $200 after just 10 days of account inactivity, as well as a registration fee of $250.

Customer Support

Merkell Groups customer support can be reached through telephone: +442382280515, email: support@merkellgroup.com. Company address: Boulevard Georges-Favon 40 1204 Genève.

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Market
more than one year
Merkell Group's website is no longer available. Don't waste your time here. I think it either went out of business or absconded with the money. I really hope that no one was scammed.
Merkell Group's website is no longer available. Don't waste your time here. I think it either went out of business or absconded with the money. I really hope that no one was scammed.
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2023-03-01 17:27
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