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MERJ

Seychelles|2-5 years|
Suspicious Regulatory License|High potential risk|

https://merj.exchange

Website

Rating Index

Influence

Influence

C

Influence index NO.1

Seychelles 4.87

Surpassed 86.94% brokers

Biz AreaSearch StatisticsAdvertisingSocial Media Index

Contact

+248 434 68 00
support@merj.exchange
https://merj.exchange
https://www.facebook.com/merjexchange

Licenses

No valid regulatory information, please be aware of the risk!

VPS Standard
No restriction on the broker account. Support service provided by WikiFX

Single Core

1G

40G

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Contact number

English

+248 434 68 00

Broker Information

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Company Name

MERJ Exchange Limited

Company Abbreviation

MERJ

Platform registered country and region

Seychelles

Company website
Twitter
Facebook
YouTube
Linkedin

Pyramid scheme complaint

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Warning: Low score, please stay away!
Previous Detection : 2024-03-28
  • It has been verified that this broker currently has no valid regulation. Please be aware of the risk!

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MERJ · Company Summary

Aspects Information
Company Name MERJ Exchange
Location Seychelles
Regulatory Status Unregulated
Trading Platform Upstream
Account Options Direct Trader Participant or Brokerage Account
Website MERJ Exchange
Funding Options Crypto and USD
Security Measures Blockchain-powered, smart-contract technology
Accessibility Global accessibility, expanded trading hours
Trading Hours 20 hours a day, 5 days a week
Customer Support Limited support for existing users, emphasis on third-party contact and sales-related inquiries

Overview

MERJ Exchange is owned and operated by MERJ Exchange Limited, the former Trop-X (Seychelles) Limited, incorporated in the Republic of Seychelles in 2011. MERJ Exchange started its operation in 2013, and claims that it is a multi-global financial exchange for equities, debt and derivatives. Now, MERJ has expanded its capabilities by providing tokens and digital assets.

Overview

Regulation

MERJ, an international securities exchange situated in the Seychelles, operates without direct regulatory oversight as of current information.The absence of specific regulations governing MERJ's operations may raise concerns regarding investor protection and market integrity. While the Seychelles Financial Services Authority (FSA) oversees financial services in the jurisdiction, the regulatory framework applicable to MERJ's activities remains unclear. This lack of explicit regulation underscores the importance of thorough due diligence for investors considering engagement with the exchange, as well as the necessity for regulatory authorities to address potential gaps in oversight to ensure the stability and transparency of the financial markets.

Regulation

Pros and Cons

MERJ Exchange offers both advantages and drawbacks for investors considering engagement with the platform. On the positive side, it provides a streamlined account opening process, innovative trading features through Upstream, and potential opportunities for global accessibility. However, concerns arise regarding regulatory oversight, customer support limitations, and allegations questioning the platform's legitimacy, which may warrant careful consideration before trading on MERJ Exchange.

Pros Cons
  • Streamlined account opening process
  • Lack of direct regulatory oversight
  • Innovative trading features through Upstream
  • Limited customer support for existing users
  • Potential opportunities for global accessibility
  • Allegations questioning the platform's legitimacy
  • Potential challenges related to account management and security

How to create an account?

There are two options to open an account:

1. Direct Trader Participant-open an account and trade directly on the exchange

2. Brokerage Account: open an account with one of its broker-dealer members.

Opening an account only takes a few minutes:

1. Click “Create an Account” on the homepage of MERJ Exchange

2. The following screenshot pop up, fill out some required details, including valid email address, password.

3. After registered this account, you can fund your account and start to trade with this broker.

Trading Platforms

MERJ introduces Upstream, a revolutionary trading platform that seamlessly integrates traditional securities trading with blockchain technology, heralding a new era of efficiency, transparency, and accessibility in the investment landscape. Here's a structured breakdown of Upstream's key features and benefits:

  1. Blockchain-Powered Trading:

    1. Smart contract functionality ensures transparent and fair trading practices while preventing predatory market activities.

    2. Upstream leverages blockchain technology to facilitate real-time trading with on-chain order books.

  2. Global Accessibility:

    1. Support for both crypto and USD funding options, along with expanded trading hours, enhances accessibility and flexibility for traders worldwide.

    2. Upstream caters to a global investor base with a user-friendly interface and streamlined onboarding process.

  3. Ethical Trading Practices:

    1. All trades execute peer-to-peer, fostering fair and transparent trading dynamics.

    2. Upstream eliminates market makers, stockbrokers, short selling, stock lending, and payment for order flow.

  4. Web3 Opportunities:

    1. These features enhance the trading experience and demonstrate Upstream's commitment to innovation and meeting evolving investor preferences.

    2. Upstream embraces Web3 technologies, offering users access to digital coupons and NFTs.

  5. Vision for the Future:

    1. By combining technological innovation with ethical trading practices, Upstream aims to redefine the landscape of global securities trading.

    2. Upstream represents more than just a trading platform; it embodies a bold vision for the future of investment.

Trading Platforms

Customer Support

For any inquiries, MERJ Exchange can be contacted through the following contact channels:

Telephone: +248 434 68 00

Email: support@merj.exchange

Besides, you can also follow MERJ Exchange through some popular social media platforms, including Twitter, Facebook, and Youtube.

Warning

Despite MERJ's efforts to provide a trading platform with innovative features and global accessibility, some users have raised concerns about its legitimacy, referring to it as a potential scam. These allegations likely stem from various factors, such as ambiguous regulatory status, limited customer support for existing users, and potentially opaque practices regarding account management and fund security. While these claims may not be indicative of widespread issues, they underscore the importance of transparency and robust regulatory oversight in the financial services industry. Users who perceive MERJ as a scam may have experienced difficulties in navigating the platform or encountered challenges with their investments, leading to distrust and skepticism. Addressing these concerns and enhancing transparency could help alleviate doubts and build trust among users, reinforcing MERJ's credibility in the market.

Warning

Conclusion

MERJ, an international securities exchange based in the Seychelles, operates without direct regulatory oversight, which may raise concerns for investors about market integrity and investor protection. Opening an account on MERJ Exchange is straightforward, with options for Direct Trader Participant or Brokerage Account. The introduction of Upstream, a trading platform integrating blockchain technology, offers innovative features like real-time trading and ethical practices. However, customer support seems to prioritize sales-related inquiries over assisting existing users, potentially leading to dissatisfaction. Despite efforts to provide transparency and accessibility, some users have raised concerns about the platform's legitimacy, emphasizing the importance of addressing regulatory ambiguity and improving customer support to enhance trust among investors.

FAQs

Q1: What options are available to open an account on MERJ Exchange?

A1: You can choose between a Direct Trader Participant account or a Brokerage Account with one of MERJ's broker-dealer members.

Q2: What are the key features of Upstream, MERJ's trading platform?

A2: Upstream offers blockchain-powered trading, global accessibility, ethical trading practices, Web3 opportunities, and a vision for the future of investment.

Q3: How can I contact customer support on MERJ Exchange?

A3: For third-party contact and sales-related inquiries, you can submit an enquiry. Existing customers or those in the onboarding process are directed to the Help Center.

Q4: Are there any concerns about the legitimacy of MERJ?

A4: Some users have raised concerns about its regulatory status and customer support, emphasizing the importance of transparency and regulatory oversight.

Q5: What should I consider before trading on MERJ Exchange?

A5: It's essential to conduct thorough due diligence, considering factors like regulatory oversight, customer support, and transparency to ensure a positive trading experience.

User Reviews

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3

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Brester
more than one year
I find this platform quite good. It offers a lot of customization and options, far better than my previous broker. However, the lack of volume indicators on the charts is a drawback. Despite having "institutional-grade trading tools" on their website, there's not even a basic volume bar. I've never worked in an institution, but I'm pretty sure they need quantity information for daily activities. I have to use another broker on different monitors to check volume information.
2024-02-02 14:26
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0
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FX1258668766
more than one year
A truly professional experience! I started working with MERJ in 2022 and tried quite a few with mixed results. MERJ has been a breath of fresh air. The service, speed, communication and overall experience have been truly world-class. Thank you!
2023-02-23 11:21
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0
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落婴庭园
more than one year
I write to my account manager, and he told me that my money will be deposited the next day. Now 4 days have passed, but no money. I know I must have been cheated by MERJ.
2022-12-07 16:42
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