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Merge Global Assets

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Operating status: SCAM

Website: https://www.mergeglobalassets.com/

Broker violations and abnormal records
  • 2023-09-18 The UK FCA issues a warning against Merge Global Assets

    On September 19, 2023, the Financial Conduct Authority (FCA) issued a warning against Merge Global Assets, believing this broker might be providing financial services or products without proper authorization. https://www.fca.org.uk/news/warnings/merge-global-assets

    On September 19, 2023, the Financial Conduct Authority (FCA) issued a warning against Merge Global Assets, believing this broker might be providing financial services or products without proper authorization. https://www.fca.org.uk/news/warnings/merge-global-assets
  • 2023-09-19 BrokersView has reviewed that Merge Global Assets is an unregulated broker

    Merge Global Assets claims to be founded in 2019, but its domain "mergeglobalassets.com" was first registered in November 2022. The website's age doesn't match its claim. This is a red flag.

    Moreover, the broker only displays a certificate of incorporation from the Companies House (CH), which is not enough to prove its legitimacy. To operate legally in the forex market, the broker also needs to obtain an authorization from the Financial Conduct Authority (FCA), the watchdog of financial services in the UK.

    However, the FCA has issued a warning against Merge Global Assets, stating that it is an unauthorized firm that illegally targeting British citizens.

    In essence, Merge Global Assets is not regulated by any governing body. Entrusting this broker with investors' funds is highly risky, as there are no legal protections in place to safeguard the funds. 

    Merge Global Assets is unequivocally a scam.

    Merge Global Assets claims to be founded in 2019, but its domain "mergeglobalassets.com" was first registered in November 2022. The website's age doesn't match its claim. This is a red flag.Moreover, the broker only displays a certificate of incorporation from the Companies House (CH), which is not enough to prove its legitimacy. To operate legally in the forex market, the broker also needs to obtain an authorization from the Financial Conduct Authority (FCA), the watchdog of financial services in the UK.However, the FCA has issued a warning against Merge Global Assets, stating that it is an unauthorized firm that illegally targeting British citizens.In essence, Merge Global Assets is not regulated by any governing body. Entrusting this broker with investors' funds is highly risky, as there are no legal protections in place to safeguard the funds. Merge Global Assets is unequivocally a scam.

Related Complaints

Q&A

Is Merge Global Assets regulated

Shushan Castelino
Slovakia
2023-09-22
ANSWER No, Merge Global Assets is not regulated.The website of Merge Global Assets claims that it was established in 2019. However, its domain "mergeglobalassets.com" was only registered in November 2022. This discrepancy between the website's age and the broker's history is a sign of suspicion.Furthermore, the broker does not have a valid license to offer forex services in the UK. It only shows a certificate of incorporation from the Companies House (CH), which is not sufficient to prove its legitimacy. The broker also needs to get an approval from the Financial Conduct Authority (FCA), the regulator of financial services in the UK. However, the FCA has warned that Merge Global Assets is an unregulated firm that is illegally targeting UK residents. You can access the full FCA warning here.Therefore, BrokersView strongly suggests investors stay away from Merge Global Assets which carries significant risks. Individuals dealing with the platform are exposed to fraud and identity theft, and there are no rules in place to safeguard them. If the platform goes out of business or absconds, its clients may not be able to retrieve their funds or get compensation. To avoid this disaster, it is advisable to choose a fully regulated broker instead.
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