FXMeridian Review – Is FXMeridian a Scam Broker?
- Website: https://www.fxmeridian.com/
- Website Availability: Yes
- Address: 680 George St, Sydney, NSW 2000 Berchem Station Post X 34 Borsbeeksebrug, 2600 Antwerp Govant Building, Kumul Highway, Port Vila 1303, Stamboliiski Blvd, Sofia
- Warning: Financial Conduct Authority (United Kingdom)
- Domain Blacklisted Status: It seems there is no direct mention of this domain being on a blacklist.
FXMeridian Review – Is This Broker Safe?
Launched in 2019, broker FXMeridian was supposedly registered in Bulgaria and offers a web-based trading platform that allows its clients to trade assets using leverage of up to 1:30 and has variable spreads with more than 1,000 tradable assets. FX Meridian claims to have 24×5 customer service, also offering three account types to cater to myriad customer trading needs.
Such promising features, however, are covered by many allegations of ongoing dubious activities. This FXMeridian Review seeks to uncover some of the possible issues touching on brokerage operations.
Why FX Meridian Raises Red Flags
FCA Blacklisting
The most shocking part is that FXMeridian has been blacklisted by the Financial Conduct Authority (FCA) in the UK. This is a serious indication that the broker may not be functioning under transparent or compliant conditions. This blacklisting by such a reputable regulator speaks of a very poor regulatory reputation.
Lack of Regulation
Despite FX Meridian’s claims to have an office in Bulgaria, there is no regulation by the Bulgarian Financial Supervision Commission (FSC) or any other recognized authority. Hence, it poses considerable risks to clients since their funds are unprotected.
Misleading Positive Reviews
According to Trustpilot, FX Meridian has several positive reviews which can lead to an impression of a reliable and effective broker. Most suspicious platforms use many fake or incentivized reviews to build a false reputation. Always cross-check reviews with verified watchdog reports.
Common Complaints from Users
- Withdrawal Difficulties – Some users reported problems withdrawing funds.
- Unresponsive Support – Despite claiming to offer customer service 24×5, several users contest that their questions were neglected once their money was invested.
- High-Pressure Tactics – Several traders commented on the immense pressure to invest further funds following their initial deposit.
Take Action Today
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