Merricks Invest

Merricks Invest is a retail forex and CFD broker registered in Saint Vincent and the Grenadines (SVG). The company was established on 26 July 2022 and operates from an address at First Floor, First St Vincent Bank LTD Building, James Street, Kingstown VC0100, St. Vincent and the Grenadines. As of the time of this review, the broker holds no recognised financial regulatory licence from any major regulatory body.

The broker targets traders with a range of account types tailored to different capital levels and risk appetites. Three account tiers – Silver, Gold, and Bronze – offer increasing minimum deposits and correspondingly higher maximum leverage. Silver account requires a minimum deposit of €25,000 and provides leverage up to 1:600, while Gold and Bronze require €2,500 and €250 respectively, with maximum leverages of 1:300 and 1:200.

Merricks Invest is not regulated by any known financial authority. The company is incorporated in Saint Vincent and the Grenadines, a jurisdiction often chosen by brokers that do not seek oversight from major regulators such as the FCA, CySEC, or ASIC. The absence of regulatory supervision means that traders do not benefit from protections such as negative balance protection, compensation schemes, or dispute resolution mechanisms.

FXCanary’s Scam Risk Score for Merricks Invest is 55 out of 100, categorised as ‘Elevated’. This score reflects the lack of regulation and limited publicly available information about the broker’s operations. Traders should exercise caution and consider the risks associated with unregulated entities.

Merricks Invest offers three live account tiers: Bronze, Gold, and Silver. The Bronze account requires a minimum deposit of €250 and offers maximum leverage of 1:200. The Gold account requires €2,500 and provides leverage up to 1:300. The Silver account is the highest tier, with a minimum deposit of €25,000 and leverage up to 1:600.

No information is available regarding spreads, commissions, or other trading costs from the known facts. Similarly, the instruments offered (such as forex pairs, indices, commodities, or cryptocurrencies) are not specified. The broker also does not disclose the trading platforms available (e.g., MetaTrader 4/5 or proprietary platforms).

Merricks Invest does not publicly list accepted funding methods or withdrawal processes in the known facts. Given the lack of regulatory oversight, the terms and conditions for deposits and withdrawals, including processing times and fees, remain unclear. Traders are advised to verify these details directly with the broker before committing funds.

The broker’s website and official documentation may contain further information, but independent verification is limited due to the absence of user reviews and aggregated industry data.

Merricks Invest appears to target both retail and high-net-worth traders, given the wide range of minimum deposits (€250 to €25,000). The high leverage options (up to 1:600) may appeal to experienced traders seeking aggressive trading strategies. However, the lack of regulation makes it unsuitable for risk-averse traders or those who require strong investor protections.

Beginner traders are particularly advised against using unregulated brokers, as they often lack the safeguards provided by regulated entities.