Mercados24 2025 Review: Everything You Need to Know
Summary: Mercados24 is a recently established forex trading platform operating without regulatory oversight, raising concerns about its reliability. While the platform offers a wide range of trading options, including forex and cryptocurrencies, user feedback suggests significant risks associated with trading here.
Note: It is important to consider that Mercados24 operates under different entities across regions, which can influence its credibility and regulatory compliance. This review synthesizes various expert opinions and user experiences to provide a comprehensive overview.
Ratings Overview
We assess brokers based on a combination of user feedback, expert analysis, and factual data.
Broker Overview
Founded in 2023, Mercados24 is a trading platform based in Saint Lucia. It operates without any regulatory oversight, which is a significant concern for potential traders. The platform primarily utilizes the Ventury FX trading system and offers access to various financial instruments, including forex, cryptocurrencies, indices, and stocks. However, the lack of regulatory authority raises questions about the safety of funds and the overall trading environment.
Detailed Analysis
Regulatory Geography
Mercados24 is unregulated, operating out of Saint Lucia. This absence of oversight means that the platform is not bound by any recognized financial authority, which could result in a lack of transparency and investor protection. Users should be cautious, as unregulated platforms often pose higher risks.
Deposit/Withdrawal Methods
The platform requires a minimum deposit of $250, which is relatively high compared to other brokers. This could deter novice traders who wish to start with smaller amounts. Withdrawal processes are reportedly cumbersome and may involve additional verification steps, which could delay access to funds.
Minimum Deposit
The minimum deposit for Mercados24 is set at $250, which is considered steep by industry standards. Many regulated brokers offer lower minimums, often around $100, making it more accessible for new traders. This high entry point may signal a strategy to secure a larger initial investment.
There is limited information regarding bonuses or promotional offers on Mercados24. As the platform is relatively new, it may not have established promotional strategies commonly seen in more mature trading environments.
Tradable Asset Classes
Mercados24 provides access to a diverse range of asset classes, including:
- Forex
- Cryptocurrencies
- Indices
- Stocks (over 200 instruments)
This variety may appeal to traders looking for multiple investment opportunities, but the lack of regulatory oversight remains a critical concern.
Costs (Spreads, Fees, Commissions)
The platform offers competitive commission rates starting from $0, with spreads beginning at 1.5 pips. While these costs are attractive, potential traders should weigh them against the risks posed by the unregulated status of the broker.
Leverage
The specific leverage ratios offered by Mercados24 are not clearly stated, which is a red flag for potential users. High leverage can amplify both gains and losses, and without clear information, traders may find themselves exposed to significant risks.
Mercados24 primarily utilizes the proprietary Ventury FX platform. While this platform provides various functionalities for traders, the lack of access to widely recognized platforms like MT4 or MT5 could limit the trading experience for some users.
Restricted Regions
Details on restricted regions are not explicitly mentioned, but the unregulated nature of the broker suggests that it may not be available in countries with strict financial regulations.
Available Customer Service Languages
Customer support options are limited, with contact available via phone and email. However, there is no live chat support, which can hinder effective communication for urgent issues.
Repeated Ratings Overview
Detailed Breakdown
Account Conditions
The high minimum deposit and lack of regulatory oversight contribute to a low score in this category. User reviews indicate that the withdrawal process can be problematic, leading to frustrations among traders.
While Mercados24 offers a variety of trading tools through its Ventury FX platform, the absence of established platforms like MT4 or MT5 limits the resources available to traders. Additionally, educational materials are scarce, which is crucial for new traders.
Customer Service and Support
User feedback highlights significant issues with customer service. The lack of live chat support and slow response times can lead to unresolved issues for traders, further impacting their experience.
Trading Setup (Experience)
The trading experience on Mercados24 can be described as average. While the platform offers a range of instruments, the unregulated status and withdrawal difficulties overshadow the user experience.
Trustworthiness
With no regulatory oversight and multiple reports of difficulties in fund withdrawals, the trustworthiness of Mercados24 is quite low. This factor is critical for any trader considering this platform.
User Experience
Overall user experience is mixed, with some users appreciating the range of available instruments but expressing concerns about the platform's reliability and customer service.
In conclusion, while Mercados24 presents a variety of trading options, the lack of regulation and significant user experience concerns warrant caution for potential traders. It is advisable to thoroughly research and consider other regulated brokers before committing funds to Mercados24.
