Merrix Review – Scam Known to Every Regulator In Europe

Merrix broker seems extremely suspicious and untrustworthy even at a glance. You don’t need to be a Forex veteran to recognize when a shady brokerage is trying to deceive you and extort your money. All you need to do is take a look at the poorly designed website, and the lack of transparency will immediately signal that the platform is not genuine.

After all, several authorities labeled this company as a scam but didn’t do so without strong evidence. If you want to find out more about this evil scheme, read our Merrix review. 

Nothing but a Deceiver

Hardly any information exists about this nameless company running the website in question. All we know about them are the public warnings recently issued by major regulatory bodies. FSMA, CSA, AMF, CNMV, CONSOB, and FSC have all posted alerts concerning fraudulent operations put to motion by this notorious trickster. 

The platform appears to engage in unscrupulous activities, steals crypto investments, and provides zero safety to clients’ funds. Therefore, it would be best to avoid this scheme altogether and invest with a transparent Forex provider that can guarantee the safety of your funds. ProTrade24 is also known as a con artist, and a warning was issued against them, so beware.

Victims All Over Europe

The merrix.pro website was established on 25.07.2023. The lease on the domain is only valid for a single year, and is due to expire soon, which means you should start a recovery procedure as soon as possible.

The fraudsters mostly target people from these nations:

• Belgium
• Sweden
• Canada
• Netherlands
• Ireland

This self-proclaimed company functions as a scam call center, otherwise known as a “boiler room.” It employs agents, who use aliases and constantly go through phone books in search of new marks.

Following a script, they introduce themselves as finance experts and urge victims to invest. Afterward, they will show fake profits on a doctored trading platform, which gives them an excuse to launch an up-front fee scam.

Misleading Online Reviews

Immediately upon looking into the Merrix reviews on the web, you start seeing the signs of fraud. Nearly all of the comments, positive and negative, revolve around various aliases instead of the actual service. The quoted names are, of course, the boiler room agents we discussed earlier, but there’s another layer of deception involved.

Many of the TrustPilot ratings are written by the so-called review seller networks, organizations that specialize in creating fake online content. Thus, the company’s overall review score remains positive despite the actual client feedback.

Hidden Costs as Another Red Flag

Due to the site not revealing any information pertaining to costs, we could not determine if account funding and similar charges exist. What is certain is that despite these details being hidden, victims of the Merrix scam have complained about being asked to pay ridiculous withdrawal taxes. 

At that, the starting leverage ratio is marked to be 1:100, which is another proof of the platform operating illegally in the EEA. Other costs include high spreads of 3.5 pips on EUR/USD. 

Shabby Tools Don’t Instill Trust

To access any of the website features, you must first register for your Merrix login. After that, you’re urged to deposit ridiculous sums that do not bring any benefits. Keep reading this review to learn about abysmal prices and lack of basic trading features.

Rigged Platform

After seeing this unreliable and hardly responsive web trader on countless scam sites, we can confidently claim that it’s completely useless. Its only purpose is to lead victims to believe their investments are lucrative and that their profit is actually growing. 

Naturally, everything is just an illusion that breaks into pieces as soon as you ask for a withdrawal and learn that nothing is real.

Not Many Assets to Trade

Except for the information found inside the platform, there’s no other intel about the available tradable products except these:

• Forex – EUR/USD, EUR/CHF, USD/GBP
• Crypto – BTC, ETH, LTC
• Commodities – Oil, Coal, Cotton
• Indices – Dow Jones, Nasdaq, Ibex
• Shares – Tesla, Facebook, Disney
• NFTs – Moonbirds, Azuki, Beanz

Don’t Overpay for Fake Service!

Every Merrix account is overly expensive, without an obvious reason, except because the fraudsters want to get rich quickly. None of the advertised services are really available, and all your deposits will just line the scammers’ pockets. All the lies come at an extremely high price:

• Basic – $10.000
• Advanced – $50.000
• Advanced Plus – $250.000
• Advanced Pro – $500.000
• Expert – $1.000.000
• Advanced Plus – $2.000.000

Refrain from Crypto Transfers

In spite of selling the basic package for ten thousand dollars, the fraudsters actually accept minimum deposits of just $250 via crypto channels. These are known as a way for cyber thieves to easily steal huge sums while covering up their tracks and avoiding legal consequences. You can’t recover lost crypto without legal help and specialized software. 

Besides that, the Merrix withdrawal information isn’t available in the form of a payout policy or any other legal document, which is another example of fraudulent practice.

Email Support Only

If you compare shady portals like the Merrix website to reputable Forex dealers, you will see a significant deficit in communication options. That is because, in most cases, there’s no client support desk at all, like in the case of CFX Fund and similar deceivers. You can be sure that your emails will remain unanswered.

Get Your Money Back From a Scammer!

This self-proclaimed forex broker is nothing but a well disguised scam. The fraudsters have taken extensive measures to hide their true intentions from the general public, but they couldn’t deceive the financial regulatory agencies.

These con websites only last for a year or so before they get taken down one way or another. Do not delay – contact our legal experts immediately to start a fund recovery process. We are available 24/7 via the live chat, and our first consultation is free of charge.

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