Is Meco Markets a scam?

We found no evidence that it is a scam. Its Seychelles licence is genuine and registered to it, no regulator has issued a warning about it, and nobody reports losing money. We still rate it high risk at 48 percent, mainly because it advertises a founding year it cannot support and because an offshore licence gives you very little protection.

Yes, but only offshore. Meco Markets Limited holds Securities Dealer licence SD083 from the Seychelles Financial Services Authority. We confirmed this on the regulator's own register, which also records mecomarkets.com as the company's website. It holds no licence from any major regulator such as the FCA, ASIC or CySEC.

Not much in practical terms. It is a low-tier offshore authorisation with lighter capital and conduct requirements than mainstream regulators. Critically, there is no investor compensation scheme, so if the broker becomes insolvent there is no fund that repays your balance.

We found no reports of anyone being refused a withdrawal. One reviewer on an industry site described the withdrawal process as cumbersome, which is a service complaint rather than a claim that money was withheld. Because the evidence base is so small, we suggest testing a small withdrawal before depositing meaningfully.

Your deposit is not protected by any compensation scheme. The company says it keeps client funds in segregated accounts, but that is its own statement and we could not independently verify it. Treat any money you send as capital you could lose if the firm fails.

On the evidence, about three years. The domain was registered on 21 June 2023 and the earliest security certificate dates from November 2023. The company's About page claims it was founded in 2019, but it names no earlier website or brand that would support that.

Longevity is one of the strongest signals that a broker pays its clients, because a firm that steals money rarely survives long. That reassurance only counts when the history is real. A 2019 claim on a 2023 business removes a protection you might otherwise think you had.

No. We checked this specifically. The regulator's register lists Meco Markets Limited with the same website, address and email that the company publishes, so it is using its own identity rather than borrowing a regulated firm's credentials.

The operating entity is Meco Markets Limited, registered in Seychelles at Block B, Global Village, Jivan's Complex, Mont Fleuri, Mahe. We could not establish the directors or owners, because the Seychelles company registry is not open to public search.

We checked several platforms and found no Trustpilot profile for the domain, nothing on Reddit, and one review on one industry site. A thin footprint is not proof of wrongdoing, but a genuine brokerage with a real client base usually leaves more trace, so we treated it as a mark against the firm's reputation score.

The company does not publish a restricted-country list that we could find. Its Seychelles licence does not authorise it to solicit clients in the UK, EU, Australia or the US, so residents of those countries would be trading outside any local protection.

Confirm licence SD083 is still active on the Seychelles FSA register, read the withdrawal terms and any bonus conditions in full, and start with an amount you can afford to lose. Test a withdrawal early. Stop immediately if you are asked to pay any fee to release your own funds.

Stop sending money at once, including any payment described as a tax or release fee. Gather your deposit records, statements and messages, then report it to the Seychelles Financial Services Authority as the licensing regulator and to your own national regulator and police. If you paid by card or bank transfer, contact your bank immediately about a chargeback or recall.