MELLON INNOVATION foreign exchange brokers specializing in providing foreign exchange trading services, the company's official website http://www.mellonforex.com/, about the company's legal and temporary regulatory information, the company's address .
MELLON INNOVATION Forex Broker
Basic Information
United States
5-10 years Suspicious Regulatory License Suspicious Scope of Business High potential riskCompany profile
Rating Index
Mellon Innovation Forex Broker - Complete Information Guide
1. Broker Overview
Mellon Innovation, a prominent player in the financial services sector, is a part of the Bank of New York Mellon Corporation, which was established in 2007 through the merger of The Bank of New York and Mellon Financial Corporation. The company is headquartered in Pittsburgh, Pennsylvania, with major offices located in New York City, Jersey City, and San Francisco. It operates as a publicly traded company listed on the NYSE under the ticker symbol BK.
Mellon Innovation primarily serves institutional clients, including asset managers, broker-dealers, and corporations, by providing a wide range of financial services. The firm has a strong focus on innovation, particularly in areas like investment management, custody services, and alternative investment solutions. Over the years, Mellon Innovation has achieved significant milestones, including being recognized multiple times for its innovative practices in the financial sector.
As a subsidiary of BNY Mellon, Mellon Innovation leverages the extensive resources and expertise of its parent company, allowing it to offer a comprehensive suite of services. The business model includes retail forex trading, institutional services, and asset management, catering to various market segments.
Mellon Innovation broker is committed to delivering cutting-edge solutions that enhance operational efficiency and drive client success. The firm's emphasis on innovation is evident in its approach to developing new products and services that meet the evolving needs of its clients.
2. Regulatory and Compliance Information
Mellon Innovation operates under the supervision of several regulatory authorities, ensuring compliance with industry standards and practices. The primary regulatory bodies include:
- U.S. Securities and Exchange Commission (SEC)
- Financial Industry Regulatory Authority (FINRA)
- Commodity Futures Trading Commission (CFTC)
Each regulatory body assigns specific identification numbers to ensure transparency and accountability in the broker's operations. For instance, Mellon Innovation holds various licenses that allow it to operate in multiple jurisdictions, with licenses that are regularly updated to reflect compliance with local regulations.
The company adheres to strict client fund segregation policies, ensuring that client assets are kept separate from the firm's operational funds. This practice is crucial for maintaining client trust and safeguarding investments. Additionally, Mellon Innovation participates in investor compensation schemes, providing further protection to its clients in the event of financial difficulties.
To combat financial crimes, the firm implements robust Know Your Customer (KYC) and Anti-Money Laundering (AML) compliance measures. These policies are designed to verify client identities and monitor transactions for suspicious activities, aligning with global standards for financial integrity.
Mellon Innovation broker prioritizes regulatory compliance, fostering a secure trading environment for its clients.
3. Trading Products and Services
Mellon Innovation offers an extensive range of trading products and services tailored to meet the diverse needs of its clients. In the forex market, the broker provides access to a wide array of currency pairs, including major, minor, and exotic pairs. This broad selection allows traders to diversify their portfolios and capitalize on various market opportunities.
In addition to forex trading, Mellon Innovation offers Contracts for Difference (CFDs) across multiple asset classes, including:
- Indices
- Commodities
- Stocks
- Cryptocurrencies
The broker is known for its commitment to product innovation, frequently updating its offerings to include new and unique trading instruments. This proactive approach ensures that clients have access to the latest market trends and investment opportunities.
Mellon Innovation also provides retail trading services, enabling individual traders to engage in the forex and CFD markets with competitive spreads and leverage options. For institutional clients, the broker offers tailored services, including white-label solutions and asset management services, designed to enhance operational efficiency and client satisfaction.
The broker's dedication to innovation is reflected in its continuous efforts to expand its product lineup and improve service delivery, making Mellon Innovation broker a key player in the financial services landscape.
4. Trading Platforms and Technology
Mellon Innovation supports the widely used MetaTrader 4 and MetaTrader 5 trading platforms, providing clients with advanced trading tools and features. These platforms are renowned for their user-friendly interfaces, extensive charting capabilities, and automated trading options.
In addition to the MetaTrader platforms, Mellon Innovation has developed its proprietary trading platform, which offers unique features tailored to the needs of its clients. This platform is designed to enhance the trading experience by providing real-time market data, advanced analytics, and customizable trading interfaces.
Clients can also access a web-based trading platform, allowing for seamless trading from any device with internet connectivity. The broker has invested in mobile technology, offering dedicated applications for both iOS and Android devices, enabling traders to manage their accounts and execute trades on the go.
Mellon Innovation employs various execution models, including ECN (Electronic Communication Network) and STP (Straight Through Processing), ensuring fast and reliable trade execution. The broker's technology infrastructure is supported by state-of-the-art servers located in multiple data centers, enhancing the speed and reliability of trade execution.
Furthermore, Mellon Innovation offers API access for automated trading, allowing clients to integrate their trading strategies directly into the broker's systems. This feature is particularly beneficial for algorithmic traders seeking to optimize their trading performance.
Mellon Innovation broker is committed to leveraging cutting-edge technology to provide clients with a superior trading experience.
5. Account Types and Trading Conditions
Mellon Innovation provides a variety of account types to cater to the diverse needs of its clients. The standard account conditions include:
- Minimum Deposit: Varies by account type
- Spreads: Competitive spreads starting from 1.0 pips
- Commission: Low commission rates for certain account types
For more advanced traders, Mellon Innovation offers premium account types, including VIP accounts and professional accounts, which come with enhanced features and lower trading costs. These accounts are designed for high-volume traders and institutions seeking greater flexibility and lower fees.
The broker also offers specialized accounts, such as Islamic accounts, which comply with Sharia law, and corporate accounts for businesses looking to engage in forex trading.
Mellon Innovation provides a demo account policy, allowing potential clients to practice trading strategies without risking real capital. This feature is essential for new traders looking to familiarize themselves with the trading environment.
Leverage ratios vary based on the type of product traded, with options ranging from 1:50 to 1:500, depending on regulatory guidelines. The minimum trade size is typically set at 0.01 lots, accommodating both novice and experienced traders.
Additionally, the broker has a clear overnight fees policy, ensuring transparency in the cost of holding positions overnight.
6. Funds Management
Mellon Innovation supports various deposit methods, including:
- Bank Transfers
- Credit Cards
- E-Wallets (such as PayPal and Skrill)
The minimum deposit requirements vary by account type, with some accounts allowing for low initial investments. Deposit processing times are generally swift, with most transactions completed within one business day.
The broker maintains a transparent fee structure for deposits, with many methods offering zero fees for transactions. Withdrawal options are equally diverse, allowing clients to choose their preferred method for accessing funds.
Withdrawal processing times are typically fast, with most requests being completed within 24 hours. However, the exact timeframe may depend on the chosen withdrawal method. The fee structure for withdrawals is also clear, with minimal charges applied to certain methods.
Mellon Innovation broker strives to provide a seamless funds management experience, ensuring that clients can easily deposit and withdraw their funds.
7. Customer Support and Educational Resources
Mellon Innovation offers robust customer support through various channels, including:
- Phone Support
- Email Support
- Online Chat
- Social Media
The support team is available during business hours, covering multiple time zones to assist clients around the globe. The broker also provides multilingual support, catering to clients in different regions.
To enhance client knowledge and trading skills, Mellon Innovation offers a range of educational resources, including:
- Webinars
- Tutorials
- E-books
Additionally, the broker provides market analysis services, including daily market updates, news, and research reports, helping clients stay informed about market trends.
Mellon Innovation also offers various trading tools, such as calculators and economic calendars, to assist traders in making informed decisions.
8. Regional Coverage and Restrictions
Mellon Innovation primarily serves clients in major financial markets, including:
- North America
- Europe
- Asia-Pacific
The broker operates regional offices in key locations, including New York, London, and Singapore, providing localized support and services.
However, there are certain countries and regions from which Mellon Innovation does not accept clients, including:
- United States (due to regulatory restrictions)
- Iran
- North Korea
Special restrictions may apply to clients from specific jurisdictions, ensuring compliance with local laws and regulations.
In summary, Mellon Innovation broker is a comprehensive financial services provider committed to innovation, regulatory compliance, and client success. With a diverse range of products and services, advanced trading technology, and a strong focus on customer support, the broker aims to meet the evolving needs of traders and institutions in the global financial markets.
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Latest Reviews
一个小人物88568
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The picture below can explain everything, that is, you can only withdraw money by depositing money,
Exposure
2022-09-18
一个小人物88568
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Use QQ to add your friend, chat to gain trust, and take you to make money, and speculate foreign currency. The first time I said that I would not let you invest more to get familiar with it, and invest a few thousand dollars less. In ten minutes, I will let you transfer 1/3. Next time Saying that I will take you to make more money, invest tens of thousands, and once you earn hundreds of thousands, you will be asked to pay taxes before you can withdraw money. If you pay the tax and cannot withdraw it, you will be transferred to an official user and then pay the money. It’s all a liar. Don’t be fooled.
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2022-09-18
阿萍6459
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I didn’t expect that one day I would be deceived. At first, the amount of funds was small, so I could withdraw cash. Later, when the amount was large, I had to pay taxes. I thought I could withdraw cash. Then the account was frozen due to an abnormal account, and I had to pay a deposit. I applied for a withdrawal, but the result was returned. It was said that the credit rating had declined, and I needed to increase the credit rating and have to pay a fee. Is it a bottomless pit... If the police can recover it, what should I do now? The funds on the trading platform are still displayed.
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2022-11-07