Review summary
Merkanda Markets Ltd is a forex broker registered in Saint Lucia with an operational history of 1-2 years. According to WikiFX assessment, the broker holds no valid authoritative forex trading licenses, placing it in the unregulated category. The entity offers four account types—CENT, CLASSIC, PRO, and VIP—with minimum deposits ranging from $10 to $5,000, maximum leverage up to 1:500, and spreads starting from 0.2 pips for the VIP account. The broker's WikiFX score is 1.28 out of 10, reflecting a low overall rating. Potential traders should note the absence of regulatory oversight, which means there is no external financial authority monitoring the broker's operations or client fund safety. Note: Regulatory status, trading conditions, and risk assessments may vary by jurisdiction. The WikiFX score reflects currently available information.Please verify all entity details independently before trading. (Updated: 2026-07-16)
