Score

7.14 /10
Good

MeritKapital

Regulated in Cyprus

Market Making(MM)

Suspicious Scope of Business

Medium potential risk

C

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Score

Regulatory Index6.67

Business Index8.94

Risk Management Index8.90

Software Index6.00

License Index6.70

Time Machine
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Licenses

VPS Standard
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Single Core

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40G

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Previous Detection : 2024-09-22
  • The current information shows that this broker does not have a trading software. Please be aware!

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MeritKapital · Company summary
Aspect Information
Company Name MeritKapital
Registered Country/Area Cyprus
Founded Year 2006
Regulation CYSEC
Minimum Deposit N/A
Maximum Leverage N/A
Trading Platforms Proprietary trading platform
Products and Srvices Brokerage Services, Asset Management, Custody Services and Underwriting
Customer Support Phone, email, message box and socail media
Deposit & Withdrawal Bank transfers and electronic payments
Educational Resources N/A

Overview of MeritKapital

MeritKapital, established in 2006 and regulated by CySEC, is a Cyprus-based financial services provider specializing in fixed income and emerging markets. Catering to both individual and institutional clients, they offer a diverse range of services, including brokerage across various asset classes (equities, fixed income, FX, and derivatives), asset management, custody services, and underwriting. Their strong presence in emerging markets, particularly in fixed income, coupled with tailored solutions and a robust regulatory framework, positions them as a reliable partner for investors seeking exposure to these markets.

However, while MeritKapital demonstrates expertise in its niche, there are areas for potential improvement. The lack of transparent fee structures and platform details on their website might deter potential clients. Furthermore, the absence of dedicated educational resources and detailed information on deposit/withdrawal procedures could pose challenges for less experienced investors seeking guidance and clarity.

Overview of MeritKapital

Regulatory Status

MeritKapital is authorized and regulated by the Securities and Exchange Commission (CYSEC) in Cyprus, with registration number 077/06.

Regulatory Status

Pros and Cons

MeritKapital emerges as a robust financial services provider with a strong foothold in fixed income and emerging markets. Their diverse offerings, including brokerage, asset management, custody, and underwriting, cater to a broad spectrum of investors, particularly institutional clients. Strengths lie in their specialized expertise, extensive network, tailored solutions, and commitment to regulatory compliance.

However, they could enhance their transparency by providing more accessible information on fees and trading platforms. Additionally, the lack of dedicated educational resources and detailed deposit/withdrawal information may pose challenges for less experienced investors.

Pros Cons
Robust financial services provider Limited information about fees
Diverse offerings Limited information about trading platform
Specialized expertise Lack of dedicated educational resources
Tailored solutions
Multiple customer support options

Products and Services

1.Brokerage Services

MeritKapital provides brokerage services across various asset classes, including fixed income, equities, foreign exchange (FX), and derivatives. Clients can access these markets via over-the-counter (OTC) trading or electronically through Direct Market Access.

Brokerage Services
  • Fixed Income: The firm has a strong presence in fixed income markets, particularly in emerging markets such as Sub-Saharan Africa, MENA, Latin America, and Turkey. Their extensive network allows them to source bonds at competitive rates and provide liquidity for clients.

Fixed Income
  • Equities: MeritKapital facilitates equity trading on numerous global exchanges and offers sophisticated trading options such as algorithmic strategies and access to dark pools. They are also a member broker of the Cyprus Stock Exchange.

Equities
  • Foreign Exchange: The FX desk provides trading services in major and exotic currency pairs, catering to both retail and institutional clients.

Foreign Exchange
  • Derivatives: Clients can trade various derivative instruments, including options and futures, providing opportunities for hedging and speculative trading.

2.Asset Management

MeritKapital offers asset management services, including portfolio management and investment advisory. Their strategies are designed to meet the specific needs and risk profiles of their clients, ensuring tailored investment solutions.

Asset Management

3.Custody Services

The firm provides custody services to safeguard clients' assets, ensuring their protection and efficient management. These services are crucial for institutional clients needing secure storage and administration of their investments.

Custody Services

4.Underwriting

MeritKapital assists in the issuance of securities, facilitating capital raising for clients. This includes equity and debt issuance, ISIN number generation, and listing on various European exchanges. They also provide support in drafting business plans and financial projection.

Underwriting

Account Opening Process

The account opening process at MeritKapital is straightforward and involves several steps:

  1. Initial Contact: Prospective clients contact the firm via phone or email to express their interest.

  2. Documentation: Clients must provide identification and financial documents to comply with regulatory requirements.

  3. Verification: The firm conducts due diligence and verifies the provided information.

  4. Account Setup: Once verified, the account is set up, and clients receive their login credentials and access to trading platforms.

Leverage

MeritKapital offers varying levels of leverage depending on the asset class and client profile. For example, higher leverage may be available for FX trading compared to equities or fixed income products. Specific leverage ratios are provided upon account setup and are tailored to meet regulatory requirements and client preferences.

Trading Platform

There isnt any proprietary MeritKapital trading platform, nor does the company offer third-party trading software such as the MT4 or other leading independent platforms. Instead, all clients receive access to the Bloomberg FX GO/EMSX trading platform, which is an advanced trading terminal used by professional traders and institutional investors.

Trading Platform

Deposit and Withdrawal

MeritKapital prioritizes client convenience by supporting a variety of deposit and withdrawal methods. Secure bank transfers cater to those preferring traditional methods, while electronic payments, including credit/debit cards and other systems, offer faster transaction times for clients seeking quicker access to their funds.

Customer Support Options

MeritKapital offers robust customer support through various channels available on work days from 09:00 to 18:00 (GMT+2):

  1. Phone Support: +357 25 857 700, available weekdays 8:30-17:30 for immediate assistance.

  2. Email Support: For detailed inquiries and support requests through email (info@meritkapital.com).

Customer Support Options
  1. Message box: MeritKapital provides an online message box to cater to the diverse needs of customers.

Message box
  1. Social media: MeritKapital also maintains a presence on several popular social media platforms, including Facebook, Twitter, and Instagram.

Educational Resources

MeritKapital's website does not offer dedicated educational resources. This may pose a challenge for beginners who are seeking foundational knowledge and guidance in their investment journey.

Conclusion

In conclusion, MeritKapital presents a strong option for investors, especially those interested in fixed income and emerging markets. Their diverse range of services, expertise, regulatory compliance, and customizable solutions are appealing. However, potential clients should inquire directly about fees and platform details due to limited transparency on the website. The lack of educational resources and detailed deposit/withdrawal information may be drawbacks for some.

FAQs

Q: What financial services does MeritKapital provide?

A: MeritKapital offers a range of services, including brokerage (for various asset classes), asset management, custody services, and underwriting support.

Q: Is MeritKapital a regulated company?

A: Yes, MeritKapital is authorized and regulated by the Cyprus Securities and Exchange Commission (CySEC).

Q: What are MeritKapital's areas of expertise?

A: MeritKapital specializes in fixed income products, particularly within emerging markets like Sub-Saharan Africa, MENA, Latin America, and Turkey. They also have expertise in equities, FX, and derivatives.

Q: How can I contact MeritKapital for support?

A: They offer phone support, email support, an online message box, and are active on social media platforms like Facebook, Twitter, and Instagram.

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