FX Meridian reputation https://www.fxmeridian.com
Hello, I would like to inquire about the reputation of FX Meridian, besides their web page I can not find anything else about them with the exception that they are connected with the republic of Vanutau in the south paciffic. Thank you
FXMeridian claims to be one of the best CFD providers in the world with an advanced social trading platform. It is owned and operated by FH Ever JSCo, registered in Bulgaria (831649724) and is authorized and regulated by the Financial Supervision Commission (Register number RG-03-08). However, we couldn’t find any mentions of FXMeridian in the register of the Bulgarian regulator. So the only valid regulation the broker has is the one from the VFSC (Vanuatu Financial Services Commission ).
Vanuatu is the easiest jurisdiction to open a brokerage, as the opening requires the company to submit a register online, prove initial established capital which is $2,000 only, to pay a fee, and within 2-3 month, the firm is crisp and registered. However, there is no handbook or guidelines for brokers to run their business. Therefore, there is zero protection for traders. We have a detailed article explaining the risk of trading with brokers from Vanuatu.
We would recommend to avoid FXMeridian and choose only well-regulated, reliable brokers. You can check our list of the Regulated Brokers and find the one that fits your trading needs.