English

Mercari Forex broker specializes in providing foreign exchange trading services, the company's official website http://www.mercari.c..., the company's legitimate regulatory information AustraliaASICInstitution Forex License (STP) to enhance the security of the company's address Level 1, 7 Bridge Street, SYDNEY NSW 2000

Mercari Forex Broker

Basic Information

Registered Region

Australia

Operating Period

Company Name

Mercari Pty Ltd

Abbreviation

Mercari

Company employee

Customer Service Email Address

info@mercari.com.au

Contact Number

+610280053141

Company Website

http://www.mercari.com.au/products.php

Company address

Level 1, 7 Bridge Street, SYDNEY NSW 2000

https://twitter.com/MercariRates

Keywords

5-10 years

Suspicious Regulatory License

Suspicious Scope of Business

High potential risk

Company profile

Mercari Review Summary Registered Country/RegionAustraliaRegulationASIC (Suspicious Clone)Market InstrumentsEnergy, commodity, environmental, interest rate and foreign exchange derivativesTrading PlatformMercari eSEF platformCustomer SupportPhone, email and TwitterMercari Information Mercari, a financial services provider registered in Australia, offers a range of derivative products including energy, commodity, and more. Mercari utilizes the Mercari eSEF platform, specialized for over-the-counter (OTC) derivative markets. This platform, designed by industry professionals, features robust tools for managing order and trade books, catering specifically to wholesale customers with tailored derivative solutions.Pros & ConsProsConsDiverse Range of DerivativesASIC (Suspicious Clone)Specialized Trading PlatformLimited Transaction Information Related to Accounts, Funding Methods and So onPros: Diverse Range of Derivatives: Mercari offers a diverse range of derivative products, including energy, commodity, environmental, interest rate, and foreign exchange derivatives. Specialized Trading Platform: Mercari provides a specialized trading platform, the Mercari eSEF, which is tailored for over-the-counter (OTC) derivative markets. This platform offers robust tools for managing order and trade books efficiently. Cons: ASIC (Suspicious Clone): There are suspicions about Mercari operating under a cloned ASIC license, raising doubts about the legitimacy and reliability of the broker. Dealing with a broker with unclear regulatory compliance can pose risks to investors. Limited Transaction Information: Mercari lacks transparency in providing comprehensive transaction information related to accounts, funding methods, and other crucial details. This limited transparency can make it challenging for investors to fully understand the terms and conditions of their transactions.Is Mercari Legit？ Mercari claims that is regulated by the Australian Securities and Investments Commission (ASIC) under the category of Institution Forex License (STP) with license number 229935. However, there are suspicions that this broker may be operating under a cloned license. This raises significant concerns regarding the legitimacy and reliability of the broker's operations. A cloned license typically refers to a situation where a fraudulent entity claims to be licensed by a reputable regulatory body, such as ASIC in this case. This misrepresentation can mislead investors into believing they are dealing with a regulated and trustworthy broker when, in fact, they are not. The implications for traders and investors can be severe, as dealing with an unlicensed or improperly licensed broker exposes them to higher risks, including financial losses and potential legal issues.Market Instruments Mercari offers energy, commodity, environmental, interest rate and foreign exchange derivatives. Energy Derivatives: These instruments allow traders to speculate on or hedge against the price fluctuations of energy commodities such as crude oil, natural gas, and electricity. Energy derivatives include futures contracts, options, swaps, and other structured products related to energy markets. Commodity Derivatives: Mercari provides trading opportunities in a wide range of commodities, including agricultural products (grains, livestock), metals (gold, silver), and other raw materials. Commodity derivatives help participants manage price risks associated with these physical assets. Environmental Products: This category covers derivatives related to environmental markets, such as carbon emissions trading. Traders can use environmental derivatives to comply with regulations, offset carbon footprints, or speculate on environmental policy developments. Interest Rate Derivatives: These instruments are linked to interest rates and allow traders to manage interest rate risk exposure. Interest rate derivatives include products like interest rate swaps, interest rate futures, and options on interest rate futures. Foreign Exchange Derivatives: Mercari offers a variety of foreign exchange derivatives for trading currency pairs.Trading Platform Mercari operates an advanced trading platform known as Mercari eSEF, specifically designed for over-the-counter (OTC) derivative markets. This platform is tailored to meet the needs of wholesale customers, offering robust features to manage order and trade books efficiently. Built by OTC market professionals, Mercari eSEF incorporates standardized derivative products while accommodating the specific conditions and conventions of OTC markets. Connectivity to the Mercari eSEF platform is facilitated through the Mercari trader client or Mercari broker client, providing users with direct market access or via intermediated channels. This flexibility extends to market structures, which are configurable at both the product and tenor levels. Mercari supports multiple market models, such as request for quote (RFQ) and central limit order book (CLOB). For users accessing Mercari, whether for live trading through Mercari Desktop Application or for training via Mercari Direct Demo, the platform provides a comprehensive suite of tools and resources. This includes real-time market access, detailed market data, and specialized functionalities designed to support participants in navigating complex derivative markets effectively.Customer Service Customers can visit their office or get in touch with customer service line using the information provided below: Telephone: 02 8005 3141 Email: info@mercari.com.au Address: Level 1, 7 Bridge Street, Sydney NSW 2000, Australia Moreover, clients could get in touch with this broker through the social media, such as Twitter.Conclusion In conclusion, Mercari is a platform offering a diverse range of derivative products and a specialized trading platform tailored for over-the-counter markets. However, several red flags and concerns cast doubt on the credibility and trustworthiness of Mercari. The suspicions of operating under a cloned ASIC license, lack of transparency in providing crucial transaction information, and regulatory risks raise significant concerns for potential investors. Individuals should verify the broker's regulatory status, and ensure full transparency on all aspects of transactions before engaging with Mercari.Frequently Asked Questions (FAQs) Is Mercariregulated by any financial authority？ No. It has been verified that this broker currently has no valid regulation. How can I contact Mercari？ You can contact via phone, 02 8005 3141 or email: info@mercari.com.au. You can also follow them on Twitter. What platform does Mercarioffer？ It offers Mercari eSEF platform.Risk Warning Online trading involves significant risk, and you may lose all of your invested capital. It is not suitable for all traders or investors. Please ensure that you understand the risks involved and note that the information provided in this review may be subject to change due to the constant updating of the company's services and policies.

Mercari broker review

Is Mercari safe or scam

Rating Index

How to login to Mercari?

Mercari Complete Account Guide: Registration, Account Opening, and Login Processes Part One: Account Registration Process How to Register a Mercari Account Creating a Mercari account is the first step to accessing the platform's marketplace for buying and selling items. Follow these detailed steps t

Mercari Forex Broker - Complete Information Guide

1. Broker Overview

　　Mercari, Inc. was founded in 2013 by Shintaro Yamada, who sought to create a platform for casual trading that would resonate globally. Headquartered in San Francisco, California, Mercari operates as a private company and has rapidly gained traction in the peer-to-peer marketplace sector. The platform primarily serves individual consumers looking to buy and sell a variety of items, including clothing, electronics, and household goods, facilitating transactions in a user-friendly manner.

　　Since its inception, Mercari has achieved significant milestones, including over 45 million downloads in the U.S. alone, with approximately 2 million active users monthly. The company has positioned itself as a casual selling platform, catering particularly to younger demographics, including mothers and everyday consumers. Mercaris business model revolves around a retail marketplace, allowing users to list and sell items without the need for direct ownership or inventory management by the company itself. This innovative approach has made Mercari a noteworthy competitor alongside platforms like eBay and Poshmark.

2. Regulatory and Compliance Information

　　Mercari operates under the oversight of several regulatory bodies to ensure compliance with financial laws and consumer protection standards. The primary regulatory agencies include:

Australian Securities and Investments Commission (ASIC)
Reserve Bank of Australia (RBA)
Australian Prudential Regulation Authority (APRA)

　　Mercari holds an Australian Financial Services License (AFSL) number 229935, which is crucial for its operations within the financial derivatives market. The license allows Mercari to facilitate transactions while adhering to strict regulatory frameworks designed to protect consumers and maintain market integrity.

　　In terms of compliance, Mercari implements Know Your Customer (KYC) and Anti-Money Laundering (AML) policies to verify user identities and prevent illicit activities. Customer funds are held in segregated accounts to ensure protection and compliance with relevant laws.

3. Trading Products and Services

　　Mercari offers a diverse range of trading products, primarily focusing on foreign exchange (Forex) and contract for difference (CFD) products. The following are key highlights of their offerings:

Forex Currency Pairs: Mercari provides access to a wide array of currency pairs, allowing traders to engage in both major and minor markets.
CFD Products: This includes a variety of indices, commodities, stocks, and cryptocurrencies, enabling users to diversify their trading portfolios.
Unique Trading Instruments: Mercari frequently updates its product offerings, ensuring that users have access to the latest market trends and instruments.
Retail Trading Services: Designed for individual traders, Mercari supports a straightforward trading experience with competitive spreads and efficient execution.
Institutional Client Services: For larger entities, Mercari may offer tailored solutions, including white-label services and asset management options.

　　This robust selection of products positions Mercari as a versatile broker catering to both casual and serious traders alike.

4. Trading Platform and Technology

　　Mercari employs advanced technology to facilitate a seamless trading experience for its users. Key features include:

MetaTrader 4/5 Support: Mercari supports the widely-used MetaTrader platforms, allowing traders to utilize advanced charting tools and automated trading strategies.
Proprietary Trading Platform: In addition to standard offerings, Mercari has developed its own trading platform, enhancing user experience with intuitive design and functionality.
Web-based Trading: Users can access the Mercari platform via web browsers, providing flexibility and convenience for traders on the go.
Mobile Applications: Mercari offers dedicated mobile applications for both iOS and Android, ensuring that users can trade anytime and anywhere.
Execution Models: The platform utilizes a combination of ECN (Electronic Communication Network) and STP (Straight Through Processing) models, promoting transparency and efficiency in trade execution.
Technical Infrastructure: Mercari's servers are strategically located to ensure low latency and optimal performance during trading hours.
API Access and Automated Trading Support: For advanced users, Mercari provides API access, enabling algorithmic trading and automated strategies.

5. Account Types and Trading Conditions

　　Mercari offers several account types tailored to different trading needs and preferences:

Standard Account Conditions: Users can start trading with a minimum deposit requirement, competitive spreads, and transparent commission structures.
Premium Account Types: For more experienced traders, Mercari provides advanced account options, including VIP accounts with enhanced features and lower trading costs.
Specialized Accounts: These may include Islamic accounts that comply with Sharia law, as well as corporate accounts for business entities.
Demo Account Policy: Mercari offers demo accounts for users to practice trading without financial risk, allowing them to familiarize themselves with the platform.
Leverage Ratios: Different products come with varying leverage ratios, providing traders with flexibility in managing their investments.
Minimum Trade Sizes: Mercari specifies minimum trade sizes, ensuring that users can engage in trading that suits their financial capacity.
Overnight Fees Policy: The platform has clear guidelines regarding overnight fees, which are applicable for positions held beyond standard trading hours.

6. Fund Management

　　Mercari provides various options for managing funds, making it convenient for users to deposit and withdraw:

Supported Deposit Methods: Users can deposit funds via bank transfers, credit cards, and electronic wallets, ensuring a wide range of payment options.
Minimum Deposit Requirements: Different account types have varying minimum deposit requirements, accommodating users with different budget levels.
Deposit Processing Times: Typically, deposits are processed quickly, with most transactions being completed within a few hours.
Deposit Fees: Mercari outlines any applicable deposit fees, ensuring transparency in the funding process.
Withdrawal Methods and Restrictions: Users can withdraw funds through multiple methods, with specific limits depending on the chosen withdrawal option.
Withdrawal Processing Times: Withdrawals are generally processed within a few business days, depending on the method selected.
Withdrawal Fee Structure: Mercari provides clear information on any withdrawal fees that may apply, ensuring users are well-informed.

7. Customer Support and Educational Resources

　　Mercari places a strong emphasis on customer support and education, offering various channels for assistance:

Support Channels: Users can reach out to customer support via phone, email, online chat, and social media, ensuring comprehensive assistance.
Service Hours and Time Zone Coverage: Support is available during extended hours, accommodating users across different time zones.
Multilingual Support: Mercari provides support in multiple languages, catering to its diverse user base.
Educational Resources: The platform offers a range of educational materials, including webinars, tutorials, and eBooks, to help users enhance their trading skills.
Market Analysis Services: Users can access daily market analysis, news updates, and research reports to stay informed about market trends.
Trading Tools: Mercari provides various trading tools, including calculators, economic calendars, and signal services, to assist users in making informed trading decisions.

8. Regional Coverage and Restrictions

　　Mercari operates in multiple markets, providing services to a broad audience:

Primary Service Markets: The platform is primarily active in the United States and Japan, where it has established a significant user base.
Regional Office Distribution: Mercari has offices in key locations, including its headquarters in San Francisco and technical divisions in Palo Alto and Cambridge.
Countries/Regions Not Accepted: Certain countries may be restricted from accessing Mercari's services, including regions with strict trading regulations.
Special Restrictions: Mercari adheres to regulations that may limit its operations in specific jurisdictions, ensuring compliance with local laws.

　　In conclusion, Mercari stands out as a multifaceted broker that caters to a diverse clientele, offering a wide range of products and services while prioritizing user experience and regulatory compliance. As it continues to grow, the company remains committed to enhancing its platform and expanding its market reach.

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