unlicensed broker

mergtrade.com review: is Merg Trade a scam?

Scametric editorial

Scametric verdict

High risk

mergtrade.com is an unlicensed Merg Trade desk. A related domain is on the NZ FMA warning list. We would not deposit.

unlicensed broker

  1. Operator identitymergtrade.com brands Merg Trade Limited. WikiFX maps the site to a North Sydney mail line and support@mergtrade.com. Independent scanners (Gridinsoft ~11/100; Alertoscan) treat it as a fake-investment cluster, not a named licensed broker.
  2. Regulator registerNo ASIC AFSL, FCA, or NFA register URL matches mergtrade.com. The NZ FMA added Merg Trade Limited / mergtradelimited.com to its warning list on 26 November 2025 (unregistered / misconduct). WikiFX scores the mergtrade.com row ~1.01 with no licence.
  3. Economics of the offerA one-year-old multi-asset ‘managed portfolio’ with no register URL is a deposit desk, not a market. Blocked cash-outs plus a tax or verification fee are how the rest of the money is taken.
  4. WithdrawalsMultiple people have reported lost or locked funds: blocked withdrawals, frozen accounts, and deposits they cannot get back. Support often asks for another payment, a tax, or a fee to unlock the balance. A small first payout is advertising, not proof.
Website claimed
https://mergtrade.com/
Promised returns
Managed portfolios across crypto, stocks, forex, real estate, binary options. WikiFX: Merg Trade Limited, North Sydney NSW 2060, support@mergtrade.com — no forex licence found.
Minimum deposit
Crypto or fiat into an unlicensed multi-asset ‘managed’ desk. Cash-out complaints describe extra fees once a balance appears.
Regulation claimed
None matching mergtrade.com. WikiFX: no forex licence. New Zealand FMA blacklisted Merg Trade Limited / mergtradelimited.com on 26 November 2025 as an unregistered entity. That warning is the same brand cluster, not a licence for this URL.
Pressure tactics
Multi-asset managed-account copy, young domain, unlicensed broker template, fee to release a withdrawal

Blocked withdrawals and frozen accounts

On platforms in this class, many customers report they cannot withdraw once the amount is real. Typical complaints:

  • withdrawal requests stay pending, get cancelled, or are never paid
  • the login or trading account is blocked after a cash-out request
  • the desk demands extra deposits, “verification”, liquidity, or tax before any payout
  • the original deposit is lost

Do not send more money to release funds. Keep records and report the site. A first tiny payout is advertising for the next deposit.

Short answer: treat mergtrade.com as high risk. mergtrade.com is an unlicensed Merg Trade desk. A related domain is on the NZ FMA warning list. We would not deposit.

This review is only about mergtrade.com. It answers is mergtrade.com a scam, is Merg Trade legit, and Merg Trade review 2026.

What we checked

Identity

We opened mergtrade.com. Marketing is Merg Trade Limited and a managed book across crypto, forex, stocks, and more. WikiFX lists the URL, a North Sydney address, and no forex licence. Gridinsoft scores 11/100.

mergtrade.com brands Merg Trade Limited. WikiFX maps the site to a North Sydney mail line and support@mergtrade.com. Independent scanners (Gridinsoft ~11/100; Alertoscan) treat it as a fake-investment cluster, not a named licensed broker.

Permission to operate

No ASIC AFSL, FCA, or NFA register URL matches mergtrade.com. The NZ FMA added Merg Trade Limited / mergtradelimited.com to its warning list on 26 November 2025 (unregistered / misconduct). WikiFX scores the mergtrade.com row ~1.01 with no licence.

The offer

Assetscollector describes the usual unlicensed-broker pattern: deposit, then a stalled withdrawal and a new fee. The FMA warning on mergtradelimited.com is the same name. Do not send more money to unlock a ticket.

Promised economics as marketed: Managed portfolios across crypto, stocks, forex, real estate, binary options. WikiFX: Merg Trade Limited, North Sydney NSW 2060, support@mergtrade.com — no forex licence found.

Withdrawals and customer reports

Many customers report they cannot withdraw, that accounts get blocked after they ask to cash out, and that the deposit never comes back. Do not send more money to release a balance. A first tiny payout is advertising.

mergtrade.com; WikiFX; Gridinsoft; Assetscollector.

Red flags

  • No matching ASIC/FCA/NFA licence for this URL
  • NZ FMA warning on Merg Trade Limited / mergtradelimited.com (26 Nov 2025)
  • WikiFX: no forex licence, ~1.01 score
  • Blocked-withdrawal / extra-fee pattern in independent write-ups

Bottom line

If you have not paid, don’t. If you already sent money to mergtrade.com, stop, keep the records, and report. Do not pay a fee to unlock a cash-out or a ‘recovery’. Scametric does not recover funds.

Frequently asked questions

Is mergtrade.com a scam?

We rate it high risk. mergtrade.com is an unlicensed Merg Trade desk. A related domain is on the NZ FMA warning list. We would not deposit. That is editorial opinion, not a court conviction.

Is Merg Trade legit?

No ASIC AFSL, FCA, or NFA register URL matches mergtrade.com. The NZ FMA added Merg Trade Limited / mergtradelimited.com to its warning list on 26 November 2025 (unregistered / misconduct). WikiFX scores the mergtrade.com row ~1.01 with no licence.

Can I withdraw from Merg Trade?

Multiple people have reported lost or locked funds: blocked withdrawals, frozen accounts, and deposits they cannot get back. Support often asks for another payment, a tax, or a fee to unlock the balance. A small first payout is advertising, not proof.

Merg Trade review 2026: what did Scametric check?

Identity of the operator, whether mergtrade.com matches a real regulator register, whether the economics are a market or a script, and how withdrawals actually work. Updated 2026-09-09.