Initial Merit Secure Ltd

Initial Merit Secure Ltd is a Cyprus-registered company that holds a CySEC CIF licence (no 229/14) with Authorised status, placing it under the regulatory oversight of the Cyprus Securities and Exchange Commission. The entity is listed as a former investment firm on the CySEC public register, which indicates it was once licensed but may no longer be actively supervised or may have changed its status.

Our records show that the company’s official domain is given as due-diligence-hub.com, a site that aggregates broker information and trading environments rather than operating as a retail trading platform itself. No independent corporate website, trading platform, or client portal could be verified, and the entity has no verifiable social-media presence. This absence of a direct online presence is unusual for an active broker and raises questions about its current operational status.

The single licence on file is a CySEC CIF licence numbered 229/14, issued in Cyprus. This licence type permits the provision of investment services including the execution of client orders, reception and transmission of orders, and dealing on own account. The Authorised status means the licence was valid at the time of our last data update, but the CySEC register lists the company under 'Former Investment Firms (Cypriot)', suggesting it may no longer be an active participant.

No other regulators are on file, and we have not verified whether the licence currently allows retail client solicitation. Traders who consider dealing with any entity claiming to represent Initial Merit Secure Ltd should independently check the CySEC register and confirm the firm’s current licence status and authorised domains.

Because the company’s only known domain is a broker directory rather than a proprietary trading site, we cannot confirm the specific products, account types, or platforms that Initial Merit Secure Ltd offers directly. Industry databases associate the licence number with the brand IMS Markets (imsmarkets.com), which claims to offer forex and CFD trading, but this connection is not documented in our official records.

Our review is therefore limited to the known regulatory data. We strongly recommend that any trader considering this entity gather independent, current information from the CySEC register and request written confirmation of the firm’s services and terms before depositing funds.

Initial Merit Secure Ltd receives an FXCanary Scam Risk Score of 34 out of 100, categorised as 'Guarded'. The primary risk flag is the lack of a verifiable website or social-media presence for the entity itself. This makes it difficult to assess the firm’s operational reliability, client service standards, and financial stability.

The fact that the CySEC register labels the firm as a former investment firm adds further uncertainty. Traders should approach this broker with caution, ensuring they conduct thorough due diligence and confirm the entity’s current regulatory standing before committing funds.