✔️ Information reviewed and updated in July 2024 by Pedro Martínez González

In this section we will tell you if we consider that the company Mercantiles is a safe company or an unreliable company. Read our full analysis to find out everything!

We analyze the website, observe every detail and examine the main characteristics that are taken into account when choosing a good broker such as the location, the company to which it belongs, its regulation, its reputation...

Below we will show you essential information about Mercantiles and we will tell you why we reached such a conclusion:

Basic Information

🌐 Websitemercantiles.org
🏠Company *​Not mentioned
RegulatoryIt is not regulated
📧 Email[email protected]
📈PlatformOwn platform
📌Address​Mentions being located in San Marino
🕑 Website ageWebsite registered on: March 30, 2023 (very recent)
Company typeCryptocurrency broker, investing in stocks and bonds, real estate, gold, oil and gas and cannabis investing

Company:
🚨 Mercantiles does not mention which company it belongs to. Be very careful, we notice a clear lack of transparency

Location:
🚨 Merchants mention being located in San Marino, a location totally NOT RECOMMENDED. If you decide to trust a company based here you have to know that your money does not have any type of protection, it is very risky, please think twice before trusting this company.

We can already tell you that we are concerned about several characteristics of this company.

What is Mercantile?

After having carried out an analysis of the company's website, we can say that Mercantile is a:
broker that provides various investment opportunities, covering cryptocurrencies, stocks and bonds, real estate, gold, oil and gas, as well as investment options in the cannabis sector.
.

Account types

Here are the different types of Commercial accounts/plans:

types of accountsMINIMUM INITIAL DEPOSIT
BONUS PLAN$2,500
CRYPTOCURRENCY PLAN$2,000
FOREX PLAN$150
REAL ESTATE PLAN$5,000
GOLD PLAN$3,500
OIL & GAS PLAN$5,000

Information on the web

commercial website

Here we show you a screenshot of the Mercantiles website, which is mercantiles.org. The capture was made in May '2024.

Contact: phone numbers and email

After having performed an analysis of the website:

📞 We have found the following phone number: It does not have one.

📧 We have found the following email: [email protected].

Commercial Regulation

We have analyzed in depth the current ⚖️ regulatory situation ⚖️ in which this company finds itself and we have reached the following conclusion:

The broker presents us with a very worrying situation; It mentions absolutely nothing about its regulation. What does this make us think? We are talking about an unregulated broker. What does it mean? This means that the broker's clients and all their money are without any type of protection. That is to say, if the broker has bad intentions, most likely you will not be able to do anything to recover your money. Please be very careful with these types of companies. Think carefully before sending money, you are sending it to a company without any type of regulation or protection!

🚫 Final valuation of Mercantile 🚫

As you can see, we have carried out a detailed and complete analysis of the most important characteristics of Mercantiles and we have reached the following conclusions about this company:

Location: They mention being located in a VERY UNSAFE location such as San Marino.

Regulatory: They do not mention anything about its regulation, that is to say: we are talking about an unregulated company with a notable lack of clarity and seriousness.

Please remember that the company has been denounced by different financial regulators (in this case the CONSOB, Italian National Securities Market Commission). Use EXTREME CAUTION.

This company offers returns so high that we believe they may be false.

The lack of clarity over the ownership of Mercantiles is disturbing and suggests a lack of transparency. ¡REFRAIN! The absence of information about who is behind the company generates distrust and raises serious concerns about its credibility. Furthermore, Mercantiles' location in San Marino, considered financially unsafe, is a cause for concern.

CAUTION! The lack of regulation increases risks for investors and raises questions about the safety of invested funds. In addition, the company registers a relatively recent domain, “mercantiles.org”, in March 2023, which indicates a short history in the market.

Finally, customer complaints on the internet indicate a poor reputation for Mercantiles, raising concerns about its reliability and quality of service. IT IS NOT RECOMMENDED! Exaggerated promises of high profitability also raise questions about the veracity of the company's claims. These unrealistic promises may indicate deceptive and unethical business practices. Furthermore, the history of complaints by financial regulators such as CONSOB, the Italian National Securities Market Commission, underlines the perception that it is an unsafe company, raising concerns about its legitimacy and reliability.

🚨🚨 Conclusion: for the reasons mentioned our conclusion is that it is a very unserious and very unsafe company. Please think carefully if you want to send money to a company with these characteristics. 🚨🚨

Updates

➡️ News about Mercantile:

Date Update – news
May 2024Complaint against Mercantiles by financial regulator CONSOB, Italian National Securities Market Commission

We note that the company already has complaints from financial regulators. Please be very careful!

User Reviews

[democracy id = ”8921 ″]

What is your opinion? We invite you to collaborate with us and vote. You can also leave a comment about your experience with Mercantiles.

At the end of the review you will find customer comments.


How to Claim Money Scammed by Merchants

If what you want is to know how to claim your capital, if you have been scammed, further down in the FAQ section you can find our advice.

How to Report Merchants

If you feel dissatisfied with the service provided by the company, and for some reason you want to report it, below, in the FAQ section, you can find the best way to report this company.

FAQs

Are there (recommended) alternatives to Mercantiles?

Yes, of course there are better and safer options! You can see here the brokers we recommend: ranking of the best brokers.

How can I report Mercantiles?

This depends on where you are, you should go to the financial regulator in your country. Write us a comment on this review and we will help you.

Is Mercantile reliable?

No. Mercantiles is not reliable, it is a very unsafe company: It mentions an unsafe place such as San Marino, it is not regulated and has a complaint from the regulator CONSOB, the Italian National Securities Market Commission.

How to recover money from Mercantiles?

If you want to know how to recover your capital, you can see it here. We explain in detail the process of recovering money from a scam company, step by step.

About the Author: Pedro Martinez Gonzalez

I'll tell you a little about myself! I am a financial analyst and economist with a master's degree in finance.
About my studies: I studied at the University of Salamanca for a Degree in Economics and then did a Master's in Finance in Madrid.
Do you want more information? You can read more about me here in my biography.

2 comments on «Mercantile: opinion and comments – Is it a scam?»

  1. Luis Alberto Reply

    They want me to invest with them, but I don't want them to steal my money or rip me off. Can you help me? Blessings.

    • Recommended-brokers.com Reply

      Hello Luis Alberto, thank you for writing about Mercantiles. Currently, this broker is considered a SCAM.

      If you are a client, do not invest more money, their only objective is to steal from you, they manipulate operations manually and keep the money from the moment it reaches their accounts, it never enters the market, everything is prepared so that they make you lose your money to have the excuse of keeping it.

      If you decide to withdraw and they ask you for a ransom in the form of commissions, taxes, fees, legalizations, etc. Never pay it!, that is the alert, from that moment you have to know that you are a client of a scam broker and even if you pay they will never return it to you.

      To help other users or customers, provide as much information as possible, explain how everything happened, where you saw the advertising, who called you, numbers from which you were dialed, emails and everything that comes to mind.

      If you want to recover your money go to our chat or fill out the form in this link: CLAIM YOUR MONEY

      Greetings.

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