Reported as a scam / unregulated
Why Mercato Brokers is on the register
Mercato Brokers claims a premium multi-asset brokerage firm while presenting neither details about its regulations nor legal documents (terms & conditions, risk disclosure and privacy policy, etc.). Lacking such important information may be a distinct characteristic of unlicensed brokers, as legit brokers always present their accreditation and licenses in a prominent position. It is a red flag here. Besides, Mercato Brokers shows its company is in Iraq. But as per the information we hold, Iraq currently has no regulatory authority that issues licenses for forex trading or regulates entities engaging in forex. The truth is, Mercato Brokers is not under valid regulation by any regulators to do forex. Investors’ funds in this broker are unsafe and cannot be protected by any law. Therefore, it is 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.