Merit Forex Broker Review

Author Author:  Jeffrey Cammack Published: May 26, 2020
Editor Editor:  Chris Cammack Updated: May 10, 2023

Last Updated On May 10, 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 10, 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

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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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