Merry Capital (merryforex.com) has been flagged by ASIC (Australia) for "Unlicensed". Addresses: Level 24 Three International Towers 300 Barangaroo Avenue Sydney 2000 This company appears in our regulatory warnings database. Always verify with official regulatory sources before investing or doing business with this firm. Website domain: merryforex.com.
I have been trying to close my account with Merry Capital (merryforex.com) for weeks now and they keep giving me the runaround. First it was a form to fill out, then identity verification again, then a mandatory phone call that never gets scheduled. They make leaving impossible.
Pros: Economic calendar|Full transparency
Cons: Cannot customize dashboard fully
The mobile app from Merry Capital (merryforex.com) is dangerous. I placed an order that showed as pending, so I placed another. Both executed and I was overexposed. When I complained they said it was user error. The app design is misleading.
Pros: Easy to use platform|Social trading features
Cons: Website design could be more modern|Limited demo account features
Merry Capital (merryforex.com) offers copy trading. I copied a top trader. The copy trades often executed at worse prices than the original. When I asked why they said it was due to latency and liquidity. So the feature is broken or they are skimming. Either way I stopped using it.
Pros: Regular platform improvements|Wide product range|Full transparency
Cons: Limited ETF selection|Help articles are sometimes vague
After for over a year with Merry Capital (merryforex.com) I requested to close my account and withdraw. They said I had to complete a 30-day cooling-off period. Then they said there was a minimum holding period for my last deposit. They make it as hard as possible to leave.
Pros: Portfolio tracking tools|Segregated accounts
Cons: Help articles are sometimes vague