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FXMeridian Review 2024: Reviews, Features, and More Revealed

FXMeridian Review

It doesn’t happen very often that we come across a good brokerage. Unfortunately, the majority are unreliable and unregulated, posing a threat to traders’ funds. That is mostly why we write our fact-checked evaluations, to help you make well-informed decisions in the trading world. 

We will cover features, regulations, account types, reviews, and more in our FXMeridian review. Learn if this broker is the right choice for you and if not, we have an amazing AI tool to recommend in the end. Keep reading and don’t forget to check out Q8 Trade

About FXMeridian

With an excellent trading platform, FXMeridian is a reliable source of CFDs. In a secure trading environment, trade a variety of CFD products. Global Clearing House Ltd., Ever Financial AD (formerly Financial House Ever AD), and EverFinancial Ltd. are the companies that run the website.

The domain is registered in Kirkland, WA, the United States, however, the broker doesn’t have a registered address in the US. The company is transparent and provides all the details regarding the ownership, features, operations, addresses, and legal names. 

Overall, there is nothing concerning we found regarding this brokerage company. But further research is required before we deem them safe, so keep reading our FXMeridian review. 

Company Type Broker
Legal name Ever Financial AD

EverFinancial Ltd

Former Financial House Ever AD

Global Clearing House

Regulation
  • FSC Bulgaria 
Registered in
  • World Square 680 George St, Sydney, NSW 2000
  • Berchem Station Post X 34 Borsbeeksebrug, 2600 Antwerp
  • Govant Building, Kumul Highway, Port Vila

  • 1303, Stamboliiski Blvd, Sofia
Established 2015
Website fxmeridian.com
Financial Authorities Warnings
  • No official warnings
Contacts
If a withdrawal is possible Yes
Fees
  • Maintenance fee 1% per month on the client’s funds, but not less than BGN 10 per month
  • Keeping funds 5% per annum of the value of funds
  • 2 EUR commission for shares
  • Purchase and sales of FI 0.4% of transaction value
If Active on Social Media:
Investor Protection: No
Activity areas United Kingdom, Bulgaria, South Africa, Portugal, United Arab Emirates;
Main threats No record of MiFID registration; 
Main perks Impressive reviews; 

FXMeridian Regulation

Unlike Hyper Forex, Ever Financial AD is authorized and overseen by the Financial Supervision Commission (Register number RG-03-08), and it is registered in Bulgaria (831649724). The company states that it is registered with numerous European regulators under the MiFID standards; yet, their registration is not shown on the ESMA’s register. 

EverFinancial Ltd. is a certified member in good standing of the Financial Markets Association of Vanuatu and is serving as an Introducing Broker to Global Clearing House, a corporation formed under Vanuatuan law and governed by the VFSC (Reference number 14691).

As an Introducing Broker to Global Clearing House, EverFinancial Ltd. is approved and registered under business number 105379 in the Republic of the Marshall Islands. Additionally, a business partnership between Global Clearing House and EverFinancial Ltd. is promoted on the website.

FXMeridian Features

This brokerage firm provides a wide variety of trading instruments in all major asset classes. There are over 1000+ instruments available and no commission is charged for Forex, commodities, and indices. Each asset has its own benefits as trading in Forex offers low spreads for more than 150 pairs, even at news time. 

You can trade stocks, commodities like gold, oil, silver, and more than 30 indices. The leverage you can expect with FXMeridian and GCH is 1:100, while with FH Ever it’s capped at 1:30. Additionally, there is no educational material of any kind provided unless you upgrade to the Silver account, which requires a deposit of 2,000€. 

Traders can also make use of the copy trader Social Trading. With the help of Social Trading, you may quickly emulate seasoned traders. You may evaluate whether it’s worthwhile for you to follow them by looking through their trading history and results.

In all honesty, we are not pleased at all with the features and account types this broker offers. There is nothing beneficial that you as a trader can gain, and the fact that they require large deposits that go up to 50,000€ is ridiculous. 

FXMeridian Account Types

The account types are exclusive to Global Clearing House Ltd. clients. Clients who choose to open an account with Ever Financial AD are exempt from these. The many account types you can select from are as follows: 

Silver 2,000€

  • Spreads from 2.1 pips
  • Commission 2€
  • Weekly / Monthly portfolio examination
  • and projection
  • Educational Material
  • Personal Account Manager

Gold 10,000€

  • Spreads from 1.5 pips
  • Commission 2€
  • Monthly portfolio examination and projection
  • Daily Signals
  • Educational Material
  • Personal Account Manager

Platinum 50,000€

  • Spreads from 0.9 pips
  • Commission 2€
  • Monthly portfolio examination
  • and projection
  • Daily Signals
  • Personal portfolio building
  • Hot stock tips
  • Single event live session
  • Educational Material
  • Personal Account Manager

FXMeridian Reviews

Trustpilot reviews of this firm are impressive, with an overall score of 4.0 based on 128 comments. More than half of the comments are all 4- and 5-star comments, however, some traders experienced issues while using this brokerage. Let’s check them out. 

Several comments are focused on the copy trading feature and how profits are nowhere to be found. They state that they must track the source of your invested funds to ensure compliance, so they can determine what balance you have to deal with. You will then be persuaded to enroll in their financed investor program. From there, it’s over.

In reality, they execute wholly arbitrary swing trades that, in a matter of minutes, push your account into +20% DD. Extremely dishonest individuals used the TresorFX brokerage service to entice victims of this fraud. Even after the European Bank eased its stance on rising interest rates, it put a sell order on the EURUSD.

Payment Options and Process

We had to dig deep to find anything about the FXMeridian withdrawal process. There are no instant withdrawals and to get your money you need to wait 3-5 business days. There are no fees unless your bank charges one and luckily, no traders reported issues with withdrawals. 

You can deposit your funds using credit/debit cards, bank transfers, and popular e-wallets like Skrill or Neteller. Once you deposit your funds, they will instantly show up in your account and you can start trading immediately. There are also no fees while depositing money. 

Weighing the Pros and Cons

Pros Cons
  1. Regulation
  2. Impressive Reviews
  3. Wide Variety of Trading Instruments
  4. Mobile App
  1. No Educational Material
  2. Withdrawal Time
  3. No Record of MiFID Registration
  4. High Deposit Requirements

Can I Make Money While Trading Online?

In summary, FXMeridian is a decent broker but too expensive. Some brokers let you trade for as little as $1 and in addition, they provide free educational material. This broker doesn’t provide any type of education, which could potentially make it harder for newbies to use them. 

But whether you’re a newbie or a seasoned trader, our analysis bot AI.F is a great choice, especially if you want to stop relying on shady agents. This potent program can forecast future price movements and process billions of data points, including both past and present statistics. 

And for 14 days for free, you can try the bot and experience it firsthand. Don’t believe us? Reach out now and elevate your skills by using AI.F! 

FAQ Section

What is FXMeridian?

FXMeridian is a brokerage offering a variety of CFD products and more than 1000 assets to trade with.

Can FXMeridian Be Trusted?

The broker is regulated by FSC Bulgaria and has positive Trustpilot reviews. The broker can be trusted, however, there are many cheaper alternatives to choose from.

How to Submit an FXMeridian Withdrawal Request?

You can submit a withdrawal by signing the Application Form or electronically submitting your application on the broker’s website or mobile application. Withdrawals take 3-5 business days.

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