MERRY CAPITAL foreign exchange brokers specializing in providing foreign exchange trading services, the company's official website https://www.merryforex.com/, about the company's legal and temporary regulatory information, the company's address Level 24, Three International Towers, 300 Barangaroo Avenue, Sydney 2000.
MERRY CAPITAL Forex Broker
Basic information
Australia
2-5 years Suspicious Regulatory License Suspicious Scope of Business Australia Appointed Representative(AR) Revoked High potential riskCompany profile
Overview of MERRY CAPITAL
Merry Capital, established in 2023 and headquartered in Australia, operates under the regulatory oversight of ASIC (Australian Securities & Investment Commission). The brokerage offers a range of trading assets, including Forex, Metals, Energies, Indices, Stocks, and Cryptocurrencies. Traders benefit from competitive leverage with a maximum ratio of 1:500, making it an attractive choice for those seeking higher exposure in the financial markets.
Is MERRY CAPITAL Legit or a Scam?
MERRY CAPITAL has a ASIC AR license while the current status is revoked, with the license number of 001307386.
Pros and Cons
| Pros | Cons |
| 90+ Trading Instruments | Limited market analysis and insights |
| Competitive Leverage (1:500) | |
| Zero Commission | |
| Regulated by ASIC |
Pros
- Wide Range of Trading Instruments: Merry Capital offers a wide selection of over 90 trading instruments across various asset classes, including forex, metals, energies, indices, stocks, and cryptocurrencies. This provides traders with ample opportunities to diversify their portfolios.
- Competitive Leverage (1:500): Merry Capital provides competitive leverage of up to 1:500. This high leverage allows traders to amplify their positions, potentially increasing profits. However, it's essential for users to understand and manage the associated risks.
- Zero Commission: Merry Capital operates on a zero-commission model, meaning that traders do not incur additional charges on their trades. This can be advantageous for those looking to minimize trading costs.
- Regulated by ASIC: Merry Capital is regulated by the Australian Securities & Investment Commission (ASIC). Regulatory oversight adds a layer of credibility and protection for traders, ensuring that the broker adheres to industry standards and financial regulations.
Cons
- Limited Market Analysis and Insights: Merry Capital has limitations in terms of providing in-depth market analysis and insights. Traders need to rely on external sources for comprehensive market information, which can be a drawback for those seeking detailed research within the platform.
Market Instruments
On Merry Capital, traders have access to a range of assets across six distinct classes, offering over 90 instruments with competitive spreads.
Forex: Engage in the dynamic foreign exchange market by trading contracts for difference (CFDs) on major, minor, and exotic currency pairs, all with competitive spreads.
Metals: Explore the world of commodities with CFDs on precious metals like Spot Gold and Silver, providing an opportunity to diversify portfolios.
Energies: Merry Capital offers the chance to trade CFDs on energy commodities, including oil and natural gas, with competitive spreads, enabling traders to capitalize on market movements.
Indices: Benefit from low spreads while trading CFDs on major global indices, allowing traders to speculate on the performance of entire markets.
Stocks: Trade US and Hong Kong stocks, featuring well-known companies such as Tesla, Apple, Netflix, Alibaba, and Baidu, among others, providing exposure to equity markets.
Cryptocurrencies: Participate in the burgeoning cryptocurrency market by trading CFDs on various digital assets, offering flexibility and opportunities in this rapidly evolving space.
How to Open an Account?
Here's a clear and concise guide on how to open an account with Merry Capital in three straightforward steps:
- Open Account:
- Visit Merry Capital's official website and complete the live account application form in less than 1 minute. Provide accurate information, and once your identity is verified, Merry Capital will promptly set up your trading account.
- Make Deposit:
- After your account is set up, deposit funds to kickstart your trading journey. You can fund your account using a credit card or bank transfer. Choose the option that suits your preferences and financial strategy.
- Start Trading:
- With your account funded, you're ready to start trading. Enjoy the convenience of trading with trust on every device. Access Merry Capital's trading platform and execute trades confidently as you navigate the financial markets.
Leverage
Merry Capital offers a maximum leverage of 1:500, allowing traders to amplify their market exposure with a relatively small amount of capital. This level of leverage provides the potential for increased profits, but it also entails higher risk.
Spreads & Commissions
Merry Capital offers a fee structure featuring zero commissions on trades, making it an attractive option for traders looking to minimize transaction costs. The absence of commissions contributes to a more cost-effective trading experience, particularly for those engaging in high-frequency trading or executing numerous trades. In addition to the commission-free model, Merry Capital boasts low spreads, further enhancing its appeal to traders seeking competitive pricing.
Customer Support
Merry Capital provides customer support through two email addresses: services@merryforex.com, support@merryforex.com. Traders can reach out to this email for assistance with inquiries, account-related concerns, or general support.
Besides, Merry Capital also offers a support system where clients can submit tickets to detail their inquiries and receive assistance from a representative.
This broker also maintain a presence on some social media platforms, like Youtube, X( Formerly Twitter and Facebook).
Educational Resources
Merry Capital offers a range of educational resources for both new and experienced traders. The platform provides Trading Web TV, Trading Analysis, and insights into Financial Events for new traders.
For experienced traders, Merry Capital extends its support through more advanced tools such as MAM (Managed Account Module) and MultiTerminal, facilitating efficient management and analysis.
Conclusion
In conclusion, Merry Capital presents a compelling option for traders with its range of over 90 trading instruments and competitive leverage of 1:500. The absence of commissions is a notable advantage, contributing to cost-effective trading. Additionally, being regulated by ASIC adds a layer of trust and reliability to the platform.
FAQs
What deposit methods are available on Merry Capital?
You can deposit funds using a credit card or bank transfer to start trading on Merry Capital.
What is the maximum leverage offered by Merry Capital?
Merry Capital offers a maximum leverage of 1:500.
Are there any commissions on trades with Merry Capital?
Merry Capital operates with zero commissions, making it a cost-effective choice for traders.
How can I reach Merry Capital customer support?
For customer service, you can contact Merry Capital via email at services@merryforex.com.
Risk Warning
Online trading carries substantial risk, potentially leading to the total loss of invested funds. It may not be appropriate for all traders or investors.
Rating Index
MERRY CAPITAL Similarly Rated Brokers
Latest Reviews
Raphaël Durand
France
I know Merry Capital tries to win us over with lower trading fees, surely cool. But here's the thing: their customer support is straight-up awful, slow to respond and ignore your questions. That kinda cancels out the whole low-cost thing... 😔😔😔
Neutral
2024-06-28
Chen Miyagi
Singapore
I wish the company had the support in French – it’s a popular language anyway. And it would save me lots of troubles. And they don’t provide the Bitcoin as a payment system. Dunno why – it’s so convenient!
Neutral
2024-06-28
みのたん
Japan
On March 27, 2024, I was instructed by Maruyama Investment Group, a support role in the investment group, to purchase the maximum amount of 76,000 barrels of crude oil that could be purchased with the funds at that time. I paid a margin of 228,000 USD (equivalent to 34.2 million yen at an exchange rate of 150 yen) and entered the purchase of the instructed quantity of crude oil. The lottery for the entered crude oil was conducted on March 29, two days later, and a large amount of crude oil, which accounted for 40% of the application of 30,400 barrels with an expected winning probability of 5%, was won. As a result, a huge profit of 1.216 million USD (equivalent to 182.4 million yen at an exchange rate of 150 yen) was confirmed, and a large additional margin of 684,000 USD (equivalent to 126 million yen at an exchange rate of 150 yen) was requested to settle this confirmed profit. From the customer representative of Merry Capital, it was informed that if the payment is not made by the settlement deadline of April 1, a delay damage fee of 10% will be incurred for each day of delay, and if the payment is not made for a certain number of days, it will be reported to the Financial Services Agency, and legal proceedings will be initiated and the margin will be confiscated. It was granted a three-day extension until April 4 by the customer of Merry Capital, assuming payment of additional margin. Furthermore, an additional deposit of 1 million yen was requested for a three-day extension, and it was granted an extension until April 7 by depositing it into the designated account on April 4. Through negotiations, an extension until April 16 was also granted. From the assistant of Maruyama Investment Group, it was proposed that if I deposit 200,000 USD of the additional margin of 684,000 USD into the account of Merry Capital Limited, the remaining 484,000 USD would be settled by my network. Actually, a part of it, 45,471,000 yen (about 300,000 USD), was transferred to my Merry Capital account, and it was promised that the remaining 184,000 USD would also be transferred. Believing in the support provided by Mr. Fujiwara, I borrowed 30 million yen (about 200,000 USD) and made a deposit, and a total of 506,780.76 USD was deposited into the designated account. However, the remaining additional margin of 184,000 USD (equivalent to 27.6 million yen at an exchange rate of 150 yen) that the assistant of Maruyama Investment Group had promised to support was not deposited, and the Merry Capital account was frozen and I was unable to withdraw funds due to the non-payment of the remaining additional margin of 184,000 USD. However, no report to the Financial Services Agency or legal proceedings have been made.
Exposure
2024-09-14