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Mercantiles

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Operating status: SCAM

Website: https://www.mercantiles.org/

Broker violations and abnormal records
  • 2024-02-19 The CONSOB issued a Warning against Mercantiles

    On 8 February 2024, the Commissione Nazionale per le Società e la Borsa (CONSOB) issued a warning that Mercantiles was providing financial services or products without authorisation. You may visit: https://www.consob.it/web/consob-and-its-activities/news-in-detail/-/asset_publisher/kcxlUuOyjO9x/content/press-release-of-8-february-2024/718268

    On 8 February 2024, the Commissione Nazionale per le Società e la Borsa (CONSOB) issued a warning that Mercantiles was providing financial services or products without authorisation. You may visit: https://www.consob.it/web/consob-and-its-activities/news-in-detail/-/asset_publisher/kcxlUuOyjO9x/content/press-release-of-8-february-2024/718268
  • 2024-02-19 BrokersView has Reviewed that Mercantiles is an Unregulated Broker

    This platform is a broker that provides various derivative financial products including foreign exchange investments, but it only provides a San Marino company registration certificate and does not provide any financial license information. This situation itself is a big doubt. In addition, the Italian regulatory agency Commissione Nazionale per le Società e la Borsa (CONSOB) also warned against its unlicensed financial activities and required the illegal financial website to be shut down. This strongly indicates that this investment platform is unreliable and contains huge risks.

    In addition, the Commissione Nazionale per le Società e la Borsa (CONSOB) issued a warning that Mercantiles was providing financial services or products without authorisation.

    The truth is that Mercantiles is not regulated by any regulators. Letting it hold or control investors' money is unsafe, and the money can not be protected by any laws.

    Mercantiles is a scam.

    This platform is a broker that provides various derivative financial products including foreign exchange investments, but it only provides a San Marino company registration certificate and does not provide any financial license information. This situation itself is a big doubt. In addition, the Italian regulatory agency Commissione Nazionale per le Società e la Borsa (CONSOB) also warned against its unlicensed financial activities and required the illegal financial website to be shut down. This strongly indicates that this investment platform is unreliable and contains huge risks.In addition, the Commissione Nazionale per le Società e la Borsa (CONSOB) issued a warning that Mercantiles was providing financial services or products without authorisation.The truth is that Mercantiles is not regulated by any regulators. Letting it hold or control investors' money is unsafe, and the money can not be protected by any laws.Mercantiles is a scam.

Related Complaints

Q&A

Somebody told me he make great profit and recomment me Mercantiles. Is it reliable?

Sunita Garcia
Georgia
2024-02-29
ANSWER No, Mercantiles is not reliable.Its credibility is questionable. The registration information provided by the company does not hold the same credibility as licenses issued by financial regulators, thereby casting a shadow on its legitimacy in the financial market. Furthermore, the Commissione Nazionale per le Società e la Borsa (CONSOB) has taken serious actions against Mercantiles, including issuing a press release and ordering a blackout of its website due to unauthorized provision of financial services or products.Mercantiles carries significant risks, encompassing potential fraud and identity theft. The lack of regulatory oversight implies that they could cease operations at any given moment, without being held accountable for any fraudulent activities they may have engaged in. To protect your investments, investors are strongly recommended to avoid Mercantiles and instead opt for investment platforms that are under strict supervision.
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