Mercari

Mercari Information

Mercari, a financial services provider registered in Australia, offers a range of derivative products including energy, commodity, and more. Mercari utilizes the Mercari eSEF platform, specialized for over-the-counter (OTC) derivative markets. This platform, designed by industry professionals, features robust tools for managing order and trade books, catering specifically to wholesale customers with tailored derivative solutions.

Pros & Cons

Pros:

Diverse Range of Derivatives: Mercari offers a diverse range of derivative products, including energy, commodity, environmental, interest rate, and foreign exchange derivatives.

Specialized Trading Platform: Mercari provides a specialized trading platform, the Mercari eSEF, which is tailored for over-the-counter (OTC) derivative markets. This platform offers robust tools for managing order and trade books efficiently.

Cons:

ASIC (Suspicious Clone): There are suspicions about Mercari operating under a cloned ASIC license, raising doubts about the legitimacy and reliability of the broker. Dealing with a broker with unclear regulatory compliance can pose risks to investors.

Limited Transaction Information: Mercari lacks transparency in providing comprehensive transaction information related to accounts, funding methods, and other crucial details. This limited transparency can make it challenging for investors to fully understand the terms and conditions of their transactions.

Is Mercari Legit？

Mercari claims that is regulated by the Australian Securities and Investments Commission (ASIC) under the category of Institution Forex License (STP) with license number 229935. However, there are suspicions that this broker may be operating under a cloned license. This raises significant concerns regarding the legitimacy and reliability of the broker's operations.

A cloned license typically refers to a situation where a fraudulent entity claims to be licensed by a reputable regulatory body, such as ASIC in this case. This misrepresentation can mislead investors into believing they are dealing with a regulated and trustworthy broker when, in fact, they are not. The implications for traders and investors can be severe, as dealing with an unlicensed or improperly licensed broker exposes them to higher risks, including financial losses and potential legal issues.

Market Instruments

Mercari offers energy, commodity, environmental, interest rate and foreign exchange derivatives.

Energy Derivatives: These instruments allow traders to speculate on or hedge against the price fluctuations of energy commodities such as crude oil, natural gas, and electricity. Energy derivatives include futures contracts, options, swaps, and other structured products related to energy markets.

Commodity Derivatives: Mercari provides trading opportunities in a wide range of commodities, including agricultural products (grains, livestock), metals (gold, silver), and other raw materials. Commodity derivatives help participants manage price risks associated with these physical assets.

Environmental Products: This category covers derivatives related to environmental markets, such as carbon emissions trading. Traders can use environmental derivatives to comply with regulations, offset carbon footprints, or speculate on environmental policy developments.

Interest Rate Derivatives: These instruments are linked to interest rates and allow traders to manage interest rate risk exposure. Interest rate derivatives include products like interest rate swaps, interest rate futures, and options on interest rate futures.

Foreign Exchange Derivatives: Mercari offers a variety of foreign exchange derivatives for trading currency pairs.

Trading Platform

Mercari operates an advanced trading platform known as Mercari eSEF, specifically designed for over-the-counter (OTC) derivative markets. This platform is tailored to meet the needs of wholesale customers, offering robust features to manage order and trade books efficiently. Built by OTC market professionals, Mercari eSEF incorporates standardized derivative products while accommodating the specific conditions and conventions of OTC markets.

Connectivity to the Mercari eSEF platform is facilitated through the Mercari trader client or Mercari broker client, providing users with direct market access or via intermediated channels. This flexibility extends to market structures, which are configurable at both the product and tenor levels. Mercari supports multiple market models, such as request for quote (RFQ) and central limit order book (CLOB).

For users accessing Mercari, whether for live trading through Mercari Desktop Application or for training via Mercari Direct Demo, the platform provides a comprehensive suite of tools and resources. This includes real-time market access, detailed market data, and specialized functionalities designed to support participants in navigating complex derivative markets effectively.

Customer Service

Customers can visit their office or get in touch with customer service line using the information provided below:

Telephone: 02 8005 3141

Email: info@mercari.com.au

Address: Level 1, 7 Bridge Street, Sydney NSW 2000, Australia

Moreover, clients could get in touch with this broker through the social media, such as Twitter.

Conclusion

In conclusion, Mercari is a platform offering a diverse range of derivative products and a specialized trading platform tailored for over-the-counter markets. However, several red flags and concerns cast doubt on the credibility and trustworthiness of Mercari. The suspicions of operating under a cloned ASIC license, lack of transparency in providing crucial transaction information, and regulatory risks raise significant concerns for potential investors. Individuals should verify the broker's regulatory status, and ensure full transparency on all aspects of transactions before engaging with Mercari.

Frequently Asked Questions (FAQs)

Is Mercariregulated by any financial authority？

No. It has been verified that this broker currently has no valid regulation.

How can I contact Mercari？

You can contact via phone, 02 8005 3141 or email: info@mercari.com.au. You can also follow them on Twitter.

What platform does Mercarioffer？

It offers Mercari eSEF platform.

Risk Warning

Online trading involves significant risk, and you may lose all of your invested capital. It is not suitable for all traders or investors. Please ensure that you understand the risks involved and note that the information provided in this review may be subject to change due to the constant updating of the company's services and policies.