Global Broker Regulation Inquiry App

WikiFX

Broker Search

English

简体中文

繁體中文

English

Pусский

日本語

ภาษาไทย

Tiếng Việt

Bahasa Indonesia

Español

हिन्दी

Filippiiniläinen

Français

Deutsch

Português

Türkçe

한국어

العربية

Download

WikiFX Express

Summary of WikiFX exposure data and types for July and August

WikiFX Review: Is XAU Merlion trustworthy?

WikiFX

| 2022-09-09

Abstract：XAU Merlion has headquarters in Cambodia, Phnom Penh, and is an online forex broker offering a series of financial instruments to its clients. WikiFX has made a comprehensive review of this broker by analyzing its regulations, specific information, etc. so that you have a deep understanding of this broker.

About XAU Merlion

XAU Merlion has its headquarters in Cambodia, Phnom Penh. XAU Merlion, also called XAU Merlion Financial, claimed to provide an enriching and versatile forex trading experience for our clients. The physical address of this broker is Diamond Twin Tower, 22nd Floor Building Sopheak Mongkol Rd, Koh Pich, Phnom Penh, Cambodia. WikiFX has given this broker a low rating of 2.40/10. But why？

Website lacking information

The website of this broker looks well-designed. However, there is a lot of information missing on its website, such as leverage ratio, account types, and so on.

Regulation: Is XAU Merlion legit？

According to XAU Merlions website, this broker is regulated by the Securities and Exchange Commission of Cambodia (SECC). SECC regulates the securities industry in Cambodia to contribute to socio-economic development through capital mobilization from public/ securities investors to meet the demand for financing for investors.

(source: XAU Merlion)

However, according to WikiFX, this broker is not a regulated broker. The current status of SERC with license number 15 is “Exceeded”. Please be aware of the potential risk.

Trading Platform

This broker uses MT4 as its main trading platform. The MT4 is currently the most popular forex trading platform along with the MT5 on the market. With a user-friendly interface, powerful charting tools, and a large number of custom indicators, MT4 is available for automated trading and EA trading, helping traders of all levels to develop different trading strategies and help traders to get ahead in the financial markets.

Conclusion

WikiFX does not advise traders to invest in an unregulated broker with a low WikiFX score as this type of broker is very likely to take your money away fraudulently. XAU Merlion does not offer us enough information to prove its reliability. WikiFX contains details of more than 38,000 global forex brokers, which gives you a huge advantage while seeking the best forex brokers. If you want to know more information about the reliability of certain brokers, you can open our website (https://www.WikiFX.com/en). Or you can download the WikiFX APP for free through this link below (https://www.wikifx.com/en/download.html). Running well in both the Android and IOS systems, the WikiFX APP offers you the easiest and most convenient way to seek the brokers you are curious about.

Click on XAU Merlion' WikiFX page for details

Disclaimer:

The views in this article only represent the author's personal views, and do not constitute investment advice on this platform. This platform does not guarantee the accuracy, completeness and timeliness of the information in the article, and will not be liable for any loss caused by the use of or reliance on the information in the article.

Broker Forex trading Forex Broker

Summary of WikiFX exposure data and types for July and August

Related broker

Offshore Regulated

Merlion Global

https://www.merlionglobal.com/

4.06

Score

5-10 yearsRegulated in MauritiusRegulated in CambodiaRetail Forex LicenseCommon Financial Service LicenseWhite label MT4Regional BrokersSuspicious OverrunHigh potential riskOffshore Regulated

4.06

Score

Apex Markets Review: Traders Outraged Over Withdrawal Denials & Other Trading Issues

Struggling to access fund withdrawals from Apex Markets for months? Does the broker remain silent on fund withdrawal issues? Does the Saint Vincent and the Grenadines-based forex broker reject your winning trades? Have you failed to get a refund into the card used for deposits? Did the broker deduct from your trading account instead? Traders have been imposing these scam allegations while sharing the Apex Markets Review online. We read the reviews and shared some of them below. Take a look!

Original 14h

tastyfx Exposed: Fund Losses, Trade Manipulation & Account Related Hassles Hurt Traders

Are fund losses normal for you at tastyfx? Does the US-based forex broker constantly manipulate prices to hit your trading experience? Do you fail to receive a reply from the broker on your fund withdrawal requests? Do you constantly face trading account issues with tastyfx? It’s time to read the tastyfx review shared by traders online.

Original 16h

Aron Groups Review: Fund Losses, High Commission & Trade Manipulation Keep Traders on Tenterhooks

Have you lost your hard-earned capital while trading via Aron Groups Broker? Has the high commission charged by the broker substantially reduced your trading profits? Does the Marshall Islands-based forex broker constantly manipulate spreads to widen your capital losses? Have you been lured into trading courtesy of Aron Groups No Deposit Bonus, only to find that you had to deposit capital to get a bonus? All these and many more trading issues have become synonymous with the experience of Aron Groups’ traders. Consequently, many traders have shared negative Aron Groups reviews online. In this article, we have shared some of their reviews.

Original 17h

Uniglobe Markets Bonus Review: Understanding the Offers and Uncovering the Risks

Many traders start looking for a new broker by searching for special deals and bonuses. The phrase "Uniglobe Markets no deposit bonus" is something people often search for. Let's address this question clearly and directly. Based on all the information we have, Uniglobe Markets does not currently offer a no-deposit bonus. Instead, this broker focuses on bonuses that require you to deposit your own money first. To get any bonus credits, traders must put in their own capital. Read on to learn how this entire bonus works out for traders.

Original 17h