The brokerage company positions itself as a secure financial platform and offers potential clients to “empower their trading”, promising “exclusive bonuses for every trader”. However, the firm does not provide information regarding its launch date, legal address, and licensing.
How profitable is it to cooperate with this intermediary? Can you make a profit here or would you rather lose your funds? We will answer these questions in our Mercury Fintech review, as well as look into the legal aspects of this broker.
How to Trade
The firm provides its own working platform for trading, which contains a customizable dashboard. You can trade here under the following terms and conditions:
- Minimum deposit starting from $2,500.
- 7 trading plans, including Islamic account.
- 7 asset categories, including cryptocurrency and NFTs.
The broker does not offer clients leverage or a demo account. Users are also not informed about the size of commissions and spreads or the withdrawal procedure.
The feedback form allows you to ask for help from the 24/7 support team. However, the broker does not offer analytics or educational materials to traders.
Mercury Fintech Vital Info
The date of creation of this company remains a mystery, as there are no details about the project’s foundation in the “About Us” section of the website. It is noteworthy that any reliable financial intermediary always shares copies of its registration documents and work history with users. So when did this platform start? We can determine this moment by the date of domain name creation, which is recorded as October 2024. Obviously, this is a very short period of the existence of a brokerage firm.
How can we check the license of this organization if its official website lacks an address and does not even mention any country? Given the French and Dutch translations of the website, we assumed that Mercury Fintech might be based in Europe, so it makes sense to look for a license there. Of note, we found a firm with the same name in the Netherlands that deals with cryptography. However, it has an inactive status, and has no affiliation with mercury-fintech.com. Likely, the hero of our review works illegally.
Many traders already know that this broker does not withdraw money. Unfortunately, when I was planning to trade with mercury fintech, I did not see any reviews of people who could reveal the whole truth about this fraudulent service, there were hardly any reviews at that moment. I didn't understand how to distinguish a fraudulent company from a reliable one, so I trusted these scammers by investing here twice more than 5 thousand euros each. I am a fool, as I lost half of my first deposit and invested the same amount more, following the entreaties of the scammers from mercury fintech. For some reason, I wanted to recoup my losses, but it's useless if withdrawals from here are blocked anyway. The feature just doesn't work and all attempts are absolutely useless :( I have recouped my losses by trading on mercury fintech terminal, but I can't get my money back. The company representatives are not responding and I don't even know how to contact them to find out the reason. Nothing happens with the withdrawal operation, there is a request for 11,000 euros hanging in processing status for 3 weeks now and that's it, I can't do anything. I don't know where this firm is located and who regulates it :( I already read reviews and comments, they started to appear more and more often on the net. I see a million arguments against the campaign, revelations that it is an arrogant and black broker. And I'm really worried that I didn't know any of this. Where were you guys before :( I definitely wouldn't have deposited money into this scam broker's account if I had read even one honest review about these creeps before!!!
Another fraudulent broker tries to convince clients that they will earn huge profits solely on cryptocurrency. In addition, the scammers are so greedy that not only they won't let me withdraw even the $3k I deposited when I opened my account, I'm not even talking about withdrawing what I earned...
Hi everyone, I have been trading forex for a few years now. I heard about this company from a friend of mine who has been trading with MERCURY FINTECH for a few months now and he decided to invite me. I registered and started trading. Of course, I was surprised that there is no withdrawal fee here, but I decided to check everything personally. And indeed, when I ordered a withdrawal here, not only did the money arrive quickly, but virtually nothing was lost from the brokerage account due to the commission. I would like to note that it is convenient to trade on this platform. I can say that this broker is maximally set up for positive relations with its clients. Therefore, trading conditions for traders here are often improved. However, I like the bonus system available on mercury-fintech.com even more. First of all, it concerns the welcome bonus for new users. But experienced traders also often receive bonuses from the company for one reason or another. In short, if you're looking for an honest company that will give you the ultimate trading experience, this is the place to go. Although, I'm not saying that everything works perfectly at MERCURY FINTECH and there are no flaws.
This is not a broker, but a fraudster, scam artists!!! First of all, there are fees as high as possible, and this is only for order transactions. The withdrawal fee is already 7 percent - how do you like it? By the way, why did I write about it? Because the commission changes a couple times a day!! It would be nice if there were only floating commissions, but you won't see your money either. When I applied for withdrawal last time, then Mercury fintech manager told me that I have to do a re-verification and as a consequence I lost my 2770 dollars :( Thank God I didn't deposit the maximum amount which would have been significant for me. Of course, I would not recommend this SCAM to you!
I know some traders are willing to trade on sites that are not officially licensed. They say there may be lower spreads and fees, and there may be other benefits such as no verification required. But I would not recommend working with such companies. For example, Mercury Fintech does not have any license. There is no information about the broker's official registration on mercury-fintech.com. But if you start researching global companies, you may find out that this company has a twin in the Netherlands, which has a legal entity registration in that jurisdiction. This one is a real firm that was involved in cryptocurrency and then stopped working, we are now talking about its clone. Apparently, the owners of Mercury Fintech copied the name of the Dutch company, which is why they have a call to invest only in cryptocurrency on their homepage. And no more information about other assets! Although you will find in the tariff plans listing a large number of markets - stocks, commodities, etc. Meanwhile, this firm does not have an official license to conduct such operations as, for example, providing access to the forex market. Why are they deceiving people?! The owners of this platform show clear signs of fraud!!!
Not even a month after I registered an account with this platform and the managers have already blocked my account! This is definitely not a crypto broker!!! This is an online casino, because the project works on the principle: as long as the client loses money - the owner of roulette feels good, if the client makes money on the terminal, his account is blocked. They blocked my account when I made a withdrawal for the second time. I am also surprised that the first time I was given the opportunity to withdraw €500 and now I have lost €7,682!!!!