Reported as a scam / unregulated
Why Merkanda Markets is on the register
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.
If you have money with this broker
- Stop sending funds. Do not pay any further “fees”, “taxes” or “verification” charges to release a withdrawal — this is a common secondary scam.
- Preserve evidence. Save transaction IDs, wallet addresses, chat logs, and every screenshot before the account is closed.
- Report it. Notify your bank/exchange and your national financial regulator so the activity is on record.
- Get guidance. Tell us what happened and we will point you toward the right next step. We are a free public registry — we never charge any fees.
SentFunds is an information and referral service. Listing reflects reported concerns and public findings; it is not a legal determination.