Merkanda Markets
We checked Merkanda Markets against the AskCheck register. It has been reported (2025) and carries the red flags below. Treat it with extreme caution.
Why it’s flagged
What we found
Merkanda Markets' website provides no verifiable regulatory information, only claiming to be registered in Saint Lucia. While we did locate the company in the Saint Lucia International Financial Centre ( IFC ) registry, this registration merely grants it International Business Company (IBC) status, not a financial services or forex trading license. Importantly, the Saint Lucia IFC does not regulate or authorize forex brokers. Additionally, Merkanda Markets’ website appears incomplete and poorly maintained: several sections are non-functional or cannot be accessed, which is a common red flag among unregulated or fraudulent platforms. Therefore, Merkanda Markets appears to be a scam.
Assessment source: FastBull BrokersView.
What to do next
- Stop sending money. Don’t make another deposit, pay a “tax” or “release fee”, or share remote-access to your device.
- Gather your evidence. Save statements, chat logs, transaction IDs and the wallet addresses you paid to.
- Report it to your regulator and to local police / action-fraud line so it’s on the official record.
- Add your report here so the next person searching this name is warned — report Merkanda Markets.
- Verify on the register. Cross-check the full entry on the SentFunds register before you trust anyone offering to help.