Merit Forex Journal (Broker out of business)
| Journal status: closed Merit Forex out of business |
Merit Forex Profile
Website
meritforex.com
Year
2020
Country
Vanuatu
Branches
1
Regulation
VFSC Vanuatu
Registration
VFSC Vanuatu
Investor protection
Fund protection
no
Publicly traded
no
Restricted in
Not serving
х Switzerland, US
Broker type
STP, ECN marketing
Dealing book
A-book
Tier
3
Execution speed
...
LPs total
...
LPs quality
...
LPs names
...
Merit Forex Accounts
ECN
Minimum Deposit
250 $
Leverage
400 : 1
Minimum Lot
0.01 lots
EURUSD spread
1.5 pips
Commission
0 $/lotRT
Volume
...
Margin Call
100 %
Stop Out
100 %
Execution
Market
Spread
floating
Scalping
no
Deposit & Fees
Deposit methods
Bank Wire, Debit Card, Credit Card, Skrill, Neteller, Bitcoin
Base currency
USD
Segregated accounts
yes
Interest on margin
no
Inactivity fee
after 6 months
| Update broker |
- Full listing profile: Merit Forex broker profile
Is Merit Forex safe?
- Investor protection: no
- Regulation: VFSC Vanuatu
- Registration: VFSC Vanuatu
- 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
Why Traders Choose us:
- Fully Transparent!
- CN Broker!
- Straight Through Process!
https://meritforex.com/en/
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).
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;
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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