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Do You Want to Know If MercuryFX Is Legitimate or a Scam Broker?
Mercury is the name of a Greek god, but it’s also the same name as the chemical mercury. The expression “mercury on a plate” is meant to convey that something is risky and volatile. That’s true of forex trading and is especially relevant to unregulated, sketchy brokers like MercuryFX. This broker has a similar name to a broker that is regulated by the FCA. That’s why the FCA has flagged MercuryFX–it’s a suspected clone broker.
There Are Some Problems with MercuryFX
MercuryFX isn’t the most clever clone, though. The broker it’s trying to spoof is UK-based, but MercuryFX claims to have a license from the SEC. The SEC is a financial regulator located in the United States, but it doesn’t directly issue licenses. This is clearly a forged document. This broker offers no additional information about the people who run it and no real trading platform. This is clearly a scam.
Red Flags that MercuryFX Could Be a Scam Broker
- Flagged by the FCA
- Clone broker
- Fake license
- No transparency
- No real trading platform
- Bad reviews
If You Need Fund Recovery from MercuryFX, Talk to Us
We create these reviews to warn consumers about brokers and schemes that may be fraudulent. If you have an account with this broker close it and request a withdrawal. If you are not given your money back, contact Broker Complaint Registry right away. We will consult with you, work to track down your funds and create investigative reports, and will assist with fund recovery efforts.