ANSWER Dear Investor,
We believe Merin presents certain regulatory risks, particularly for retail (individual) clients.
Merin claims to operate as an Authorized Representative (AR) of Opheleo Holdings Pty Ltd, which holds a license issued by the Australian Securities & Investments Commission (ASIC). Our verification confirms that Merin Global Forex Markets Pty Ltd is indeed listed as an AR under Opheleo Holdings in ASIC’s official register.
However, a critical detail warrants close attention: Opheleo Holdings’ AFS license is authorized to provide financial services only to wholesale clients, which does not include authorization to serve retail (individual) clients. Therefore, if Merin is offering trading accounts to individual investors, such activity falls outside the scope of its regulatory coverage and is effectively unregulated.
Moreover, ASIC does not publicly disclose the websites or domains associated with Authorized Representatives. This lack of transparency makes it impossible to independently confirm whether the broker in question is genuinely linked to the registered AR entity.
Given these concerns, we strongly advise against opening or funding an account with Merin as an individual (retail) client.
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