Davis Wu 
1-2 years
Is MercadosInvest regulated?
Broker Issues
Regulation
07-04
United States
WikiFX
Reply
No, MercadosInvest isn’t regulated by any financial authority. When I looked into their background, I saw they’re registered in Saint Lucia, but there’s no license from any recognized regulator. For me, this means there’s no formal investor protection in place, so if something goes wrong, I’m on my own. That’s why I’d approach them with caution and only risk money I can afford to lose.
Similar Questions
What are the cons of SLG Markets?
qirhost 
07-15
In what ways does TradeSmart’s regulatory status help safeguard my money?
S jonas 
09-04
Considering your research and available reviews, how credible do you believe OpixTech is?
Nali5689 
08-05
What major risks or downsides should I watch out for when using PAXOS?
Shoofar 
06-26
Is INFINOX a regulated broker?
aariapoor 
07-01