Are you looking to earn on the financial markets with the best trading conditions? Then all you have to do is open an account with Meliorate Limited. Of course, we’ll investigate how honest this company is with its clients and what kind of reviews traders receive. Let’s see if this broker is a scam or not.
- Meliorate Limited General Information
- Registration and Client Portal Review
- Meliorate Limited Trading Conditions
- Account Types Review
- Trading Platform
- Meliorate Limited — Deposit and Withdrawal of Funds
- Additional Options
- Is Meliorate Limited a Scam?
- Legal Information and License
- Melioratelimited.vip Domain Info
- Contacts Review
- More Details
- Pros and Cons
- Frequently Asked Questions (FAQ)
Meliorate Limited General Information
|Address||1 Phipp Street, EC2A 4PS, UK|
Registration and Client Portal Review
Meliorate Limited seems to be a rather mediocre broker that is unlikely to attract a large number of clients. Its official website is executed in a completely generic manner. The visitor is greeted with a background picture with New Year’s congratulations, even though it is already spring. The lack of attention to the official website is a bad sign for a broker because it is often the first point of contact with potential clients. A poorly designed website with outdated information can give the impression that Meliorate Limited is not professional or trustworthy, which can turn away potential customers. Besides, a website that is not regularly updated may indicate that the broker is not actively investing in its online presence or staying up-to-date with the latest industry trends and standards.
Signing up on the platform is a straightforward process. You just need to fill out a short form. However, it’s important to note that you won’t receive a verification code on your phone or an email to activate your account. Additionally, Meliorate Limited doesn’t support two-factor authentication, so it’s best to come up with a strong password to protect your trading account. When registering, you’ll need to provide your name, email, phone number, country of residence, account type, and password.
The Client Portal does not offer anything original. Traders are encouraged to provide more detailed information about themselves and complete verification. It is also possible to fund the account and withdraw money, change the password, view transactions and trade history, and access the trading terminal. However, there is nothing exceptional about these features.
Meliorate Limited Trading Conditions
So far, the impression of the broker is rather negative. Let’s see if it will change after studying the trading conditions.
Account Types Review
Meliorate Limited offers 5 different types of trading accounts, each with varying minimum deposit amounts, additional services, and available trading instruments. Traders can start with as little as 100 euros, but the more they deposit, the more additional services they will have access to. The lowest tier account only allows trading in 9 major currency pairs, whereas the highest tier account, Gold, offers access to all instruments without any limitations. However, to open a Gold account, a deposit of 200,000 euros is required. Meliorate Limited also offers additional services such as insured trades, account bonuses, education, signals, and more. Despite this, the entire team of the broker remains anonymous, leaving traders in the dark about who will be supporting them with analysis and management
WebTrader falls short of an innovative platform. It is simply a terminal with a necessary set of indicators and an ordinary interface. A novice trader will be able to easily figure it out. However, this platform has already earned a bad reputation. Almost every other scam broker uses it.
Meliorate Limited — Deposit and Withdrawal of Funds
Meliorate Limited offers several options for both depositing and withdrawing funds. You can fund your account using major credit cards, make a wire transfer, or deposit cryptocurrencies. These payment methods are also available for withdrawing funds, though the processing time may vary depending on the chosen method. Please note that while the payment system may affect the speed of your deposit, the processing time for withdrawal requests is ultimately determined by the broker.
Documents can be uploaded in the Client Portal. Nothing extraordinary is required from the trader. It is necessary to confirm the identity and place of residence. It is better to complete the verification process before depositing funds. Meliorate Limited will not allow withdrawals without it.
The broker offers a partner program, allowing clients to build a regular network of referrals. Alternatively, if clients have a blog, website, or channel with a large audience, they can monetize their traffic and receive compensation from Meliorate Limited. However, the specific amount of payouts for each referral is not publicly disclosed.
Is Meliorate Limited a Scam?
In the “About Us” section, Meliorate Limited claims to provide customers with maximum order execution speed and minimum spreads, and overall the best opportunity to start trading. However, we disagree with such ambitious statements as the company has clear signs of fraud.
Legal Information and License
The platform offers translations in English, Polish, and German, but the company is registered exclusively in England. Additionally, information about the management and directors of Meliorate Limited suggests that it is a small family-owned business.
The financial statements of the company also indicate that it is not a popular broker, with a net asset value of just under 300,000 euros in 2022. Moreover, the addresses listed on Meliorate Limited’s profile do not match those provided by the intermediary on its website, suggesting that the review subject is impersonating another legal entity.
Furthermore, although “financial intermediation not elsewhere classified” encompasses several branches of activity in the UK, brokers are required to obtain a license from the FCA, the English regulator for financial services. However, Meliorate Limited has not registered in Germany or Poland; nor does it seem to have obtained any licenses, including an English one.
It appears that Meliorate Limited has disregarded the strict norms established by European regulators, such as limiting retail clients’ leverage to 1:50 and prohibiting account bonuses. In fact, to receive the promised 50% deposit bonus, investors must deposit at least 100,000 euros, with additional mandatory terms for working off the bonus.
Moreover, a search for a license from the FCA registry reveals that Meliorate Limited does not have one, meaning that it is operating illegally. It is doubtful that the original Meliorate Limited firm has any involvement in this industry at all.
Melioratelimited.vip Domain Info
The “About Us” section does not indicate when Meliorate Limited started operating in the financial markets. This is very strange, as the registry shows that the company was incorporated back in 2010. Brokers usually boast such a long period of existence. Questions arose when reviews about this company appeared only in 2022. Checking the website does not inspire enthusiasm to open an account here either. According to the domain registry, Meliorate Limited bought the domain on September 29, 2022. It is curious why the company did not become popular for almost 12 years of its existence and why the website was created only recently.
Upon examining the contact information, we did not identify any obvious problems with the provided details. The website presents a phone number and email address for contact purposes. Nonetheless, we know that the address shown on the website is a fake.
Another lame thing that Meliorate Limited, a one-day broker, provides is a client agreement. It’s rare to find such an uninformative Client Agreement. The company’s legal information is not even mentioned, and there is no mention of any controversial issues related to the trading process. Besides, the broker, of course, disclaims any responsibility for any losses you may incur. Nevertheless, it is quite difficult to hold accountable a fake company that pretends to be a different legal entity.
Pros and Cons
- Misleading information about the company location
- Non-transparent client agreement
- No official registration
- No license
- Disclaiming responsibility for any losses incurred by clients.
Frequently Asked Questions (FAQ)
It offers trading services in the CFD market.
The minimum deposit required to open an account with Meliorate Limited varies according to the trading account type chosen from €100 to €200,000.
No, this company is not safe as it is a fake broker without any licenses.