Advanced traders and intermediate users alike who value a large selection of cryptocurrencies, products like staking, lending, and more, competitive fee structures, and futures and margin products will prefer Binance. Kraken offers a large variety of cryptocurrencies and pairs (over 90 coins, over 400 pairs), so users who value a large selection and advanced traders who seek regulated margin will prefer Kraken by far. Kraken offers margin trading at up to 5X leverage even for US investors and several other margin offerings, which is a win over Mercatox’s unclear and unregulated margin or leverage offerings. Simply put, US users may prefer Kraken for its regulatory compliance and strong track record that make Kraken one of the best and most highly reputed exchanges on the market. They lured me with fake profits and then blocked me when I asked for a withdrawal.
I too have never placed a review here but I feel compelled to do so because of what I and others are experiencing. MERCATOX, if you are ethical and you care about your clients and their money and you are watching…..PLEASE, PLEASE, COMMUNICATE with us and start sorting all of these issues out. Let us have a telephone number and speak with a person rather than have a silent help desk. Please respond to all helpdesk messages so that these issues get resolved. Lastly, I would like anyone who is considering this exchange to be aware of this situation as hundreds of potential clients could be placed in exactly the same situation that I and many others are in with this exchange. An online crypto wallet drained my $8,500 in minutes and blocked my account.
My withdrawal of Cryptos are still in …
Phishing attacks, like the Mercatox scam, are a common online scam due to the ease with which scammers can trick people into sharing sensitive information or clicking malicious links. It is a type of social engineering attack, where the criminal impersonates another via electronic communication methods. Offering incentives for reviews or asking for them selectively can bias the TrustScore, which goes against our guidelines. Verification can help ensure real people are writing the reviews you read on Trustpilot. Labeled Verified, they’re about genuine experiences.Learn more about other kinds of reviews.
- The domain has maintained active status for an extended period, indicating operational stability and established web presence.
- Offering incentives for reviews or asking for them selectively can bias the TrustScore, which goes against our guidelines.
- Mercatox offers 2-factor authentication that every user should opt for if using this exchange.
- They, essentially, put the responsibility upon the traders and investors to keep themselves protected.
- With numerous hacking attempts that have been implemented the platform has managed to withstand the attacks with their security system and that says a lot in itself.
Client Case: Mercatox Scam
At Fraud Recovery Experts, we are a team of dedicated professionals on a mission to fight online scams and facilitate fund recovery. With firm commitment, we provide expert scam broker reviews, safeguarding your wealth and offering comprehensive solutions for fund recovery. Count on us as your trusted partner in recovering your lost funds, ensuring your financial security, and confidently navigating the complex landscape of online fraud.
It also decreases the chances of an investor to potentially receive funds from insurance companies. Nevertheless, it is a company that has security measures to ensure the safety of its client’s funds so it shouldn’t be a problem. Mercatox review – compared to most cryptocurrency exchanges this exchange is multifunctional with more to offer than just cryptocurrency trading services and this is why it is worth reviewing.
A chat on a trading platform is just …
If you’d like to challenge the trust score assigned, we’re happy to take a closer look. However, please be prepared to provide proof of your business’s legitimacy. Please note, we never charge website owners for reviews or reconsideration requests.
Typical stock trading frauds consist of scams seeking to defraud investors by persuading them to send their money away in… Explore in-depth scam broker reviews to make informed decisions and protect your investments. Always cross-check with the major regulators like the FCA for the latest alerts on suspicious brokers. Our platform is dedicated to providing you with up-to-date educational resources, expert opinions, and a wealth of information to guide you in understanding the complex landscape of finance.
Users will not find any advanced or complex crypto financial services here, or even basic ones such as staking. The exchange does NOT require KYC (Know Your Customer) identity verification or document protocols to be completed for use of the exchange. Note Mercatox only allows crypto-to-crypto trading, with no functionality for fiat deposits or withdrawals and is not regulated. The point of this Mercatox review is to provide honest and transparent feedback of the platform.
Is Online Trading Safe? A Deep Dive into Stock Trading Scams
The Mercatox trading platform is designed for both beginners as well as professionals. It is simple and easy to use and the website mentions all the supported tokens mercatoc so that the users can easily choose their favored crypto trading pairs. However, for it to be lucrative, traders need a medium that equips them with all the right tools to make a profitable trade.
Content Analysis
- Our platform is dedicated to providing you with up-to-date educational resources, expert opinions, and a wealth of information to guide you in understanding the complex landscape of finance.
- Within ZenLedger, on the Import Transactions page and Exchanges tab, select the Exchange you want to import.
- The referrers get a percentage of the profits from each trade the referrals make.
- MERCATOX, if you are ethical and you care about your clients and their money and you are watching…..PLEASE, PLEASE, COMMUNICATE with us and start sorting all of these issues out.
Gridinsoft has the capability to block mercatox.com domain without requiring further user intervention. The domain has maintained active status for an extended period, indicating operational stability and established web presence. This longevity for mercatox.com suggests legitimate business operations and sustained user engagement over time. Introduction Xuex.net is a site that has recently attracted a number of red flags that should make investors suspicious. Mercatox exchange supports an array of payment gateways such as Payeer, OKPAY, Kiwi, Yandex Money, and Perfect Money.
Support
Furthermore, Mercatox has not had major hacks frequently recurring hacks as the crypto market has been developing. With numerous hacking attempts that have been implemented the platform has managed to withstand the attacks with their security system and that says a lot in itself. To enhance your online security even further, you can look to use firewalls, which act as a defence between you, your device and potential hackers or scammers. You can look to use both a desktop and network firewall if you really want to keep your device secure. We use dedicated people and clever technology to safeguard our platform. A chat on a trading platform is just asking people to mess with the token prices and bulling members.
Professional crypto tax plans
That being said, the platform is not regulated and does not comply with regulatory policies and trading standards. Even though Mercatox is based in the UK it is not regulated by FCA. Without regulation there is a higher risk of potentially losing your funds.
International users who can use FTX International may prefer FTX for these reasons over Mercatox. Fees are far more competitive at FTX, since FTX offers both fee incentives for volume and for holders of its FTT token, so fees can easily reach 0.10% or lower at FTX . This fee schedule is simple and easy to understand, however it lacks the benefits of reduced fees, rebates, or preferable rates for liquidity providers (market makers) which is the norm at major centralized exchanges. Highway Media Group would like to remind you that the data contained in this website is not necessarily real-time nor accurate. Mercatox warned that they don’t use any social media platforms or messenger apps such as WhatsApp or Discord. They asked investors to report any scam messages they received, and said they could get in touch with their team should they have any further concerns.
I was angry and hopeless until a coworker sent me the link to Fraud Recovery Experts. I contacted them and within a day they responded with a clear plan. Their team stayed in touch the whole time and I eventually recovered most of the funds. Users can earn quite a reward for referring other traders on the platform who get invited via a referral link. The referrers get a percentage of the profits from each trade the referrals make. From there, the user should select the destination address to which he or she wishes to withdraw, and then go to the user’s email inbox to verify.