MERRY CAPITAL Review 5
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.
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... 😔😔😔
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!
These guys really provide best in class customer service. Their service deserves 10 stars. ⭐⭐⭐⭐⭐⭐⭐⭐⭐⭐😚😚😚
They were running a crude oil campaign and needed money at the time of application, so I used the funds in my account. If you lose, you will get the full amount back, so if you win, you will be forfeited unless you make an additional deposit. There was no such guidance when applying for the campaign.
