Mercato Brokers

Is Mercato Brokers a scam? Based on its regulatory footprint, withdrawal behaviour and corporate transparency, our verdict is clear — and concerning. Here is the full review.

Who is Mercato Brokers?

Mercato Brokers markets itself as an online trading and investment service. Its public site is presented at https://mercatobrokers.com/en. As with most operations of this kind, the polished front end conceals a lack of the basic protections a real, regulated broker is required to provide.

Is Mercato Brokers regulated?

We could find no evidence that Mercato Brokers holds a valid licence from any recognised financial regulator. Trading client funds without authorisation is one of the strongest indicators of a scam — there is no regulator to complain to, and no protection for your money.

Red flags we identified

• Opaque or anonymous corporate ownership
• No credible physical address or verifiable corporate record
• Unrealistic profit claims and pressure to deposit more
• Account dashboards that show “gains” with no real market exposure
• Offshore or shell-company registration used to avoid oversight

Our analysis

Mercato Brokers claims a premium multi-asset brokerage firm while presenting neither details about its regulations nor legal documents (terms & conditions, risk disclosure and privacy policy, etc.). Lacking such important information may be a distinct characteristic of unlicensed brokers, as legit brokers always present their accreditation and licenses in a prominent position. It is a red flag here. Besides, Mercato Brokers shows its company is in Iraq. But as per the information we hold, Iraq currently has no regulatory authority that issues licenses for forex trading or regulates entities engaging in forex. The truth is, Mercato Brokers is not under valid regulation by any regulators to do forex. Investors' funds in this broker are unsafe and cannot be protected by any law. Therefore, it is a scam.

Can you recover money lost to Mercato Brokers?

If you have deposited with Mercato Brokers, do not pay any further “fees” to withdraw — that is part of the trap. Funds sent to operations like this can sometimes be traced on-chain and pursued through the exchanges and processors that received them. Whether recovery is realistic depends on how you paid and how quickly you act.