Merit Forex Journal

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Merit Forex Profile
Year
2020
Country
Vanuatu
Branches
1
Regulation
FSC Vanuatu
Registration
no
Investor protection
Fund protection
no
Publicly traded
no
Restricted countries
Not serving
х Switzerland, US
Broker type
STP, ECN marketing
Dealing book
A-book
Tier
3
Execution speed
0 ms
LPs total
0
LPs quality
none
LPs names
none

Merit Forex Accounts
STP
Minimum Deposit
250 $
Leverage
400 : 1
Minimum Lot
0.01 lots
EURUSD spread
...
Commission
...
Volume
...
Margin Call
...
Stop Out
100 %
Execution
Market
Spread
floating
Scalping
no
Update broker

Is Merit Forex safe?

  • Investor protection: no
  • Regulation: FSC Vanuatu
  • Registration: no
  • Publicly traded: no
  • Segregated account: yes
  • Guaranteed Stop Loss: no
  • Negative Balance Protection: no

Is Merit Forex trusted?

  • Information transparency: sufficient ★★★
  • Customer service: not so helpful ★★
  • Merit Forex website: uninformative, updated ★★
  • Merit Forex popularity (by visitor count): low visits ★★

How Merit Forex works

8. Execution Venue

Execution Venues are the entities with which the Orders are placed. For the purposes of Orders for the CFDs, third Financial Institution(s) will be the execution venue and not the Company.

4.1. Price of the Financial Instrument The Company provides its prices, which are derived from its liquidity provider(s).

https://meritforex.com/download/MeritForex-OrderExecutionPolicy.pdf

During the course of this Agreement in relation to all individual CFD trading the Company will receive the Client Orders and transmit them for execution to a third party which will be the execution venue and counterparty in the CFD. A list of the Company’s execution venues is available on the Website. The Company will not be the counterparty in a CFD

The Company shall immediately terminate the Agreement, in the event of:

the Company reasonably suspects that the Client performed abusive trading such as, but not limited to, Snipping, Scalping, Pip-hunting, placing “buy stop” or “sell stop” Orders prior to the release of financial data, arbitrage, manipulations or a combination of faster/slower feeds;

https://meritforex.com/client-agreement

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