Taylor Made Mergers has been flagged by ASIC (Australia) for "Unlicensed (Legacy)". Phones: +1 32 313 9192, fax +1 312 268 5157
Addresses: 333 W Upper Wacker Dr Chicago IL 60606 USA This company appears in our regulatory warnings database. Always verify with official regulatory sources before investing or doing business with this firm. Website domain: www.Taylormademergers.com.
Their two-factor authentication was optional when I joined. I enabled it. Later I lost my phone and could not log in. Taylor Made Mergers recovery process took 3 weeks and required notarized documents. By then I had missed important trades. Their security is your inconvenience.
Pros: Risk management tools|Stable platform|Low minimum deposit|Reliable uptime
Cons: Search feature is basic
I had high hopes for Taylor Made Mergers after doing extensive research, but my experience has been disappointing. Customer support is slow, the platform has frequent issues, and their fee structure is not as transparent as advertised. I am actively looking for alternatives now.
Pros: Fast deposits|Instant funding|Fast execution|Excellent charting
Cons: Desktop app not available on Linux
Taylor Made Mergers 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: Clear documentation|Low minimum deposit|Helpful community forum
Cons: Search feature is basic
Taylor Made Mergers changed their fee structure with one month notice. What was a flat fee became a percentage. For my account size it meant a huge increase. When I objected they said I could leave. So I am leaving and writing this review.
Pros: Risk management tools|High security standards|Intuitive for beginners
Cons: Limited social trading features
Opened my account with Taylor Made Mergers based on a colleague's recommendation and regretted it within the first month. The platform crashed during a critical moment, I lost potential gains, and support basically told me it was not their problem. Absolutely unacceptable behavior.
Pros: Responsive team|Risk management tools
Cons: Inactivity fee applies after 12 months
Taylor Made Mergers had an outage that lasted several hours during a major market event. Not only did they fail to prevent it, but they also failed to communicate what was happening. We were left in the dark while our investments were at risk.
Pros: Multiple order types|Full transparency
Cons: Limited demo account features
KYC with Taylor Made Mergers is a nightmare. I submitted my ID and proof of address. They rejected it and asked for a utility bill. I sent it. They asked for a bank statement. Then they asked for a selfie with the ID. Then they said the selfie did not match. I gave up.
Pros: Excellent charting|Transparent fees|Stable platform|Full transparency
Cons: Account statements could be more detailed
I found Taylor Made Mergers through my accountant's suggestion and the initial impression was positive. But since the beginning of the year later, I have encountered so many issues that I cannot recommend them. Trades failing, charts not loading, and support tickets going unanswered for days at a time.
Pros: Great customer service|Smooth onboarding
Cons: Email notifications too frequent