Meliorate Limited: Is this a suitable Trading Platform?
Meliorate Limited, which advertises itself as a unique binary options trading platform, should be approached carefully if you’re thinking of investing. It is challenging to confirm the company’s legitimacy since it is opaque regarding its registration, compliance with regulations, and contact details. Despite boasting over 1500 financial products, a state-of-the-art trading platform, and advantageous trading terms, it is probably a scam.
About this dubious business, be on the lookout for the following red flags:
- Absence of oversight from a credible financial regulatory authority
- Opaque trade conditions
- Not a reputable trading platform
- Unable to register new traders
- Untraceable and anonymous website
Therefore, Read our in-depth evaluation before making any decisions to safeguard your money. Avoid falling for these con artists’ bogus promises.
Meliorate Limited controls and ensure the protection of money
Right from the start, Meliorate Limited is a get-rich-quick scam intended to take advantage of naive investors rather than a real business opportunity. Any incorrect information on their website should not be taken at its value. Everything is made up.
Additionally, keep in mind that because binary options are high-risk investments by nature, binary options trading platforms are illegal in the majority of nations. Trading in binary options is making predictions about the movement of financial assets, such as stocks, currencies, or commodities, with specified risks and potential rewards.
However, it has been discovered that many binary options platforms engage in dishonest business practices, such as providing faked trading platforms, making false claims about their products, and failing to pay traders their winnings. Additionally, the high level of risk associated with binary options trading makes it challenging for traders to make wise choices, which can result in significant financial losses.
Because of this, regulatory agencies in the majority of nations, including EU members and the UK, have outlawed trading in binary options to safeguard consumers from these kinds of fraud.
This dishonest broker also withholds any information on its registration and oversight by regulators. To prevent discovery, it’s vital to notice that con artists frequently omit this information from their advertisements. However, they tout their monkey services by offering outstanding trading conditions and outstanding trading software.
Although they list an address in London, UK, on their contact page, this address is unrelated to the dubious company.
Consider The UK’s Financial Conduct Authority (FCA) is a regulatory organization in charge of keeping an eye on financial services businesses doing business there. Meliorate Limited ought to be under the FCA’s purview if it has a UK address.
What does FCA registration mean?
To confirm that a company or individual is authorized, you can look them up in our Financial Services Register (FS Register). Additionally, it will list the tasks that the company is authorized to perform. Use the firm’s name or firm reference number (FRN) to search for it.
The FCA’s goal is to make sure that financial service providers abide by certain laws and standards to promote fair competition, consumer protection, and market integrity. Companies that operate under the FCA’s supervision are held responsible for their activities and can better reassure customers that their money and interests are safeguarded.
As a result, we meticulously investigated the FCA registry for any reference of Meliorate Limited. Unsurprisingly, we were unable to locate any information on this shady broker.
You can have a look at the picture –
Avoid falling for con artists using fake UK addresses. A quick check of FCA rules can avert financial catastrophes.
Additionally, traders need to be aware of the regulatory requirements that must be met by regulated forex brokers in the UK. Significant rules that must be followed by UK forex and CFD brokers include having a high net capital requirement of at least EUR 730 000, isolating client money in separate accounts, restricting leverage to 1:30 to minimize risks, and being part of compensation plans. Additionally, they must maintain openness through regular reporting, add an extra measure of security through negative balance protection, and completely avoid trading bonuses. These are only a few of the steps taken to ensure investment security!
Meliorate Limited fees and transfer/withdrawal methods
Meliorate Limited promises to accept payments through its website using Bitcoin, Visa, MasterCard, and other credit/debit cards.
It’s crucial to remember that unlike credit card purchases, which allow traders to challenge orders and perhaps recoup their money through a chargeback, cryptocurrency payments are permanent and cannot be undone. Due to the great probability that you are going to lose your money, we highly advise against transferring cryptocurrencies to dubious businesses like Meliorate Limited.
The best forex brokers, in contrast, offer all popular payment methods, including credit cards, bank transfers, and e-wallet services like Skrill or Neteller, so you can be sure that you’ll find one that suits your requirements.
Why website melioratelimited.com be avoided?
We would like to advise you not to enroll on the Meliorate Limited platform and work with it because of the enormous volume of inquiries and applications that we receive in our mailbox. According to these complaints, the platform does not release the money that has been placed, and its consultants demand additional compensation for commissions, taxes, etc.
Many issues also arise with the website itself. The location of the company’s address will not be made apparent to us. We only discover a British firm after verifying its license number and name. It looks to be an advising business, not a securities entity, after analyzing her financial accounts and data from the UK companies registry.
Meliorate Limited is not included in the FCA registry either, hence it does not have a license to offer these services. Everything about it suggests that fraudsters are attempting to take advantage of a business that is already in operation.
Conclusion
Beware of Meliorate Limited’s deceptive statements about the amount of leverage they give on their binary options platform. It’s crucial to understand the fact that leverage is not used in binary options trading, and that claiming it is merely another trick used to dupe unwary investors who are unaware of how binary options trading platforms operate.
