1.327 • 9 REVIEWS
Updated: Aug 26, 2023
Visit site
MeritForex is a forex broker. Merit Forex offers the MT4 and MT5 forex trading top platform. offers over 5 forex currency pairs, cfds, commodities, energies, indices, gold, silver and other metals for your personal investment and trading options.
February 2018-January 2020:  A number of fake positive reviews have been submitted for Merit Forex from Bulgaria.

The most recent one contains a racist death threat against FPA employees.

Broker Details

Minimum Trade Size: 0.01
Maximum Leverage: 400:1
Minimum to Open Live: $250
Established: 2012
Address: PO Box 1276 Port Villa Vanuatu, Vanuatu
Contact:, +44 7449 464194
Regional offices:
Regulators: VFSC #14787
Prohibited countries:
Trading platforms: MT4, MT5
Web Trading: ✅ Yes
Mobile Trading: ✅ Yes
ECN: ✅ Yes

Trading Instruments

Currencies: (5+)
CFD: (5+) Gold, Silver, Stock Indexes, Oil, Other Commodities

Trading Conditions

EAs/Robots: ✅ Yes
News Trading: ✅ Yes
Scalping: ✅ Yes

Managed Accounts & Social Trading

MAM: ✅ Yes
Deposit Methods: Bank Wire (BankTransfer/SWIFT), VISA, MasterCard, Bitcoin, Neteller, Skrill
Withdrawal Methods: Bank Wire (BankTransfer/SWIFT), VISA, MasterCard, Bitcoin, Ether/Ethereum, Neteller, Ripple (XRP), Skrill
* Please check broker website for more information
1.327 • 9 REVIEWS

Recent User Reviews of

evans khisa
Nairobi, Kenya,
Jun 30, 2022,
Registered user

5 days before they respond to anything.

Service use: Live Length of use: 0-3 Months
They are scammers spoiling forex brokers reputation. I made a deposit that does not appear anywhere. No email showing deposit done.
Canada, Canada,
Feb 2, 2021,


Service use: Live Length of use: 3-6 Months
This broker is a scam and the regulations too. They promise to teach you to trade than they pressure you to put bigger amounts of money than you cannot withdraw it at all !!!
Be aware i lost a lot.
Almaty, Kazakhstan,
Dec 9, 2020,
Registered user


Service use: Live Length of use: 3-6 Months
Stay away from this fraudulent broker. Don't believe to their personal managers. My managed account was successfully burnt.
Canada, Canada,
Nov 10, 2020,

Great broker

Service use: Live Length of use: over 1 Year
Been trading with them for a year now, great mentor ship easy with drawls , wouldn’t wanna be anywhere else
Montreal, Canada,
Jul 3, 2020,

Best forex company

Service use: Live Length of use: 0-3 Months
Ive ben trading with them for 1 month and ive learned and earned alot. Never charged me for education and withdraw with no problem.
London, United Kingdom,
Nov 6, 2019,
Registered user


Service use: Live Length of use: 3-6 Months
I stupidly opened a managed account with these fraudsters. The guy 'managing my account' was incredibly aggressive and convinced me to add more funds three times. When I told him that I didn't have any more money to put into investments my account, which was up by about 100% went to 0 within a week or so. He just kept telling me that it was unfortunate but trading comes with a risk and sometimes this happens.
Lisbon, Portugal,
Feb 19, 2019,
Registered user

hardship withdrawal

Problems at the main site access, Mentor questioning withdrawal requests and arrogant.
Jul 16, 2018,
Registered user

Very agressive sales

The sales team are very aggressive. Not recommended. I would certainly want more output from members who trade with this forex brokerage.
Verdian Verdi
Jakarta, Indonesia,
Jul 15, 2018,

Merit Forex more scary than I thought

Today, 16 July 2018 on 13:46 Indonesian Time, I got a called from the director of Merit Forex... (I am not quite clear hear his voice)....

He is calling me and ask me to remove this bad review. Otherwise, I will face their legal actions.

Wow.... This is how they serve their client. Amazing for me.

After they are not allowing me to withdraw and close my account. Now, they are threatening me that I will face a legal action if I am not remove my bad review in this site.

Why don't they reply this review and make any objection?

Jul 10, 2018 - 1 Star Be aware trading with this company.

It is hard for you to withdraw your money.

First, I was interested with this company, because they provide you mentoring program, but they never told you there is a fee in the mentoring program and there is a term and condition that you should follow.

During the mentoring program, most of their call was asking you to top up your account, with a lot of reason, such as, you cannot earned money with this small account, you need to have big account and bla bla bla.

And, their mentoring program is not an 100% success rate as their claim, also in the event of their trading signal.

After 3 month, I feel that this Forex business is not suitable for me, so I decided to quit and withdraw my money.

I was surprised that I could not close my account and withdraw my money with tons of reason.

So, if you don't want to lose your money, be careful to joining this company. Read their term & condition carefully.

At least, this is what I feel today.
Cause I don't want to lose my another dollar then I decided to cancel my withdrawal and continue to trade with them for another 3 months.

According to them, if I trade with them for another next 3 months, either I am happy or not happy with their educational sessions, I have a right to terminate my account and refund all of my balance.

So, I will update you again for the next 3 months.

See you soon