Meliorate Limited Reviews

"Below we will explain to you why you should not open an account with this broker. Meliorate Limited is not a regulated broker. This means that it is not licensed to provide financial services in any country. Unlicensed brokers are not supervised by government bodies therefore they are not trustworthy. So you better stay away from this broker because it is anonymous and can disappear with your money at any time. We also checked online forums and found only negative comments from users who were unhappy with this broker. Users have complained that they cannot withdraw money. Based on these user reviews, it looks like Meliorate Limited is a broker that is trying to scam people out of money, which is why we once again warn against investing through their brokerage platform.

How do such brokers work?

Usually they call clients and persuade them to make a deposit. They are really good at this - promising unrealistic investment returns just to get you to deposit money. If they succeed in getting you to make your first deposit they will then call you all the time and ask you to deposit more money. Do not believe anything they say it is all a lie. Such brokers employ several people, usually foreigners, to make it cheaper. They obtain the phone numbers of potential victims and then the employees have the task of calling as many people as possible. They swindle them out of their money and then disappear without a trace. They cannot be contacted by phone, email or chat. Often the broker's website also stops working after some time.

If you want to start investing, we recommend that you open an account with a legitimate broker. You can check the list of regulated brokers here.

Best Brokers 2023

One of these regulated brokers is RoboForex which is licensed to provide financial services in the European Union. Here is why you should choose RoboForex broker:

    ECN Broker

    20+ Industry Awards

    12000+ Trading Instruments

    CFDs on Stocks - Over 11700 companies

    Licensed and Regulated Broker

    Tight Spreads as Low as 0 Pips

    No extra fees apply

    Minimum deposit - $10

    Leverage up to 1:2000

    Bonus $30 / 120%

    Negative balance protection

    Fast withdrawals with no extra fees

    99% of orders executed in less than 1 sec.

    Over 800000 clients from 169 countries

    Over 500000000 trades executed with zero requotes or rejections, ever

    Retail client funds are insured up to €20,000 by the Investor Compensation Fund

    Social trading - CopyFX system gives copiers the option to copy all of the currently open trades of the copied trader

For example, brokers regulated in the European Union are required to provide all clients with protection against negative balance and keep their money in segregated accounts. They should also regularly report open and closed trades to the relevant financial regulators. But most importantly, clients are covered by compensation funds - so even if a licensed firm becomes insolvent, its clients can claim compensation - usually up to €20,000 per person.

How can you get your money back?

If you have already deposited some money with Meliorate Limited, you should request a withdrawal immediately. However, it may turn out that the broker will not want to return your money to you. Don't worry, if you made your deposit with a Visa or Mastercard there is still hope. Credit cards provide you with the option of a refund, or chargeback. For example, Visa and Mastercard allow chargebacks within 540 days of a deposit to people who have been victims of investment fraud. Chargeback is a complaint procedure initiated by the bank upon receipt of a report from a payment card customer. So if you want your money back you should contact your bank as soon as possible. The same applies to transfers of money via online payment systems. Some of them allow chargebacks and some do not. Regardless of which online payment system you used to make your deposit, you should contact customer support immediately and ask if there is a possibility of refund. If you have made a bank transfer there is no possibility to make a chargeback. All you can do is write an email to Meliorate Limited making it clear that if they don't refund your money you will go to the police. There is a chance that they will get scared and you will get your funds back. You can also write a complaint to the government agency that regulates financial institutions and brokers. They will take appropriate action. We also warn against paying in cryptocurrencies. Firstly, your payment will remain largely anonymous - you never know exactly who you're sending cash to, but more importantly, your transaction will be final - once you've made your payment, there's no going back.

Conclusion

Meliorate Limited is not a broker we can recommend because they are not licensed to provide financial services. We also found some negative comments on internet forums. Your money is not safe so it is better to stay away from this broker. Remember to always check reviews and comments about a company before you send money to someone, no matter if it is a forex broker, cryptocurrency exchange or any other company.

If you have been scammed leave a negative comment below to warn other users against investing with this broker."