Merricks Invest

Merricks Invest is a trading name of Smart Oasis LLC, a company registered in Saint Vincent and the Grenadines. Founded on 22 November 2022, it presents itself as an online broker offering leveraged trading services to retail clients. The broker's official website is merricksinvest.cc, and its registered address is First Floor, First St Vincent Bank LTD Building, James Street, Kingstown VC0100, St. Vincent and the Grenadines.

According to aggregated industry data, Merricks Invest operates without any financial regulatory licence from a recognised authority. The company is registered in a jurisdiction known for minimal oversight of financial services, which means traders do not benefit from the protections typically afforded by regulated brokers, such as compensation schemes or dispute resolution mechanisms.

Our review found no evidence that Merricks Invest holds a licence from any reputable financial regulator. The broker is based in Saint Vincent and the Grenadines, a jurisdiction that does not impose regulatory requirements for forex or CFD brokers. This absence of regulation is a significant factor for traders to consider, as it means the broker is not subject to standard operational or financial oversight.

Unregulated brokers carry inherent risks, including potential issues with fund safety, transparency, and recourse in the event of disputes. Traders are advised to exercise extreme caution when dealing with entities that lack verifiable regulatory status.

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

These account structures suggest that the broker targets a range of traders, from those with smaller capital to high-net-worth individuals. The high maximum leverage offered, especially on the Silver account (1:600), is notably risky and is uncommon among regulated brokers, which typically cap leverage at lower levels to protect clients.

The known facts do not specify the trading platforms or instruments offered by Merricks Invest. The broker's website likely provides further details, but independent verification was not possible in this review. Typically, brokers in this category offer web-based trading platforms and a range of forex, CFD, and possibly cryptocurrency instruments.

Without transparent information on available platforms and instruments, traders face uncertainty about the suitability of the broker's offering for their trading needs. The lack of disclosed details is a further red flag in terms of transparency.

No specific information is available regarding the deposit and withdrawal methods accepted by Merricks Invest. Common methods for such brokers include bank transfers, credit/debit cards, and certain e-wallets, but this remains unconfirmed. Similarly, the broker's policies on fees, processing times, and withdrawal conditions are not publicly documented.

Traders should be cautious when committing funds to a broker that does not clearly outline its financial policies. Ambiguity in this area can lead to unexpected costs or difficulties in accessing their capital.

Our independent FXCanary Scam Risk Score for Merricks Invest is 85 out of 100, indicating a severe risk level. This score reflects the broker's complete lack of regulatory oversight, its registration in a non-cooperative jurisdiction, and the limited public information available about its operations. The high leverage offered further amplifies the risk for traders.

In our assessment, the absence of a credible regulatory licence is the most critical warning sign. Traders considering Merricks Invest should be fully aware that they are trading at their own risk with no external protection. We strongly recommend verifying all information directly and exercising extreme caution.