FXMeridian Review 2025

Trust

FXMeridian Regulations

In our reviews, we examine the licenses and regulations of each entity operated by a broker, allowing us to compare their different levels of protection. We rank licenses by various regulatory bodies on a three-tier system, where Tier-1 licensing indicates the highest level of regulation.

This is what I discovered about the two entities operating under the FXMeridian trade name:

• Ever Financial AD is licensed and regulated by the Financial Services Commission (FSC) in Bulgaria under license number RG-03-08. We rate the FSC as a Tier-1 regulator.
• Ever Financial AD acts as an Introducing Broker (IB) to InterExchange Clearing Ltd (IEC), a company incorporated in the Comoros Islands and regulated by the Mwali International Services Authority (MISA) under license number BFX2024173. We rate MISA as a Tier-3 regulator.

Understanding the Regulatory Protections of Your Account

Brokers operate multiple entities globally, but regulatory protections vary. Some regulators enforce stricter financial standards than others, so traders should understand the safety measures of the entity they choose to open an account with.

Here is what you need to be looking for in a broker in terms of safety mechanisms:

• Segregation of Client Funds: Keeping client funds in segregated bank accounts from the ones used for the broker’s corporate capital negates the risk of accounting errors. FXMeridian keeps client funds in segregated accounts.
• Negative Balance Protection: This safety mechanism removes the risk of trading losses exceeding the account balance. In other words, the losses you incur from trading are capped at the amount you have put in your trading account. FXMeridian guarantees negative balance protection.
• Compensation Scheme: A compensation scheme protects traders against the broker’s liabilities if the company becomes insolvent. Clients of Ever Financial AD are protected by up to EUR 20,000 under MiFID 2’s Investor Compensation Scheme (ICF).
• Maximum Leverage: Capping the maximum leverage restricts the extent of market exposure to retail traders. The higher the leverage, the higher the potential profits and potential losses. Clients trading under the global FXMeridian entity can access leverage up to 1:100, while those registered under the European entity are limited to leverage of up to 1:30.

Stability and Transparency

In our Trust category assessments, we evaluate factors tied to stability and transparency, including the broker’s longevity, company size, and information transparency.

I learned that FXMeridian has been operational for a decade and employs fewer than 50 people, according to the broker’s LinkedIn page.

After reviewing FXMeridian’s licensing documents and legal information on its website, I identified several transparency concerns.

First, the website does not clearly state which entity operates fxmeridian.com—whether it’s Ever Financial AD or InterExchange Clearing Ltd (IEC)—making it difficult to establish a clear connection between FXMeridian and either company.

Additionally, when I checked Ever Financial AD’s licensing details on the Bulgarian FSC’s official site, I found that the listed website is “ever.bg”, not fxmeridian.com, raising further questions about the relationship between the entities.

Another concern I had was with the broker’s onboarding process, which felt overly relaxed. After setting up my account, I was immediately directed to the trading platform and prompted to fund my account, without first being asked to complete account verification—a step typically required by regulated brokers.

I also discovered that the targeted spreads listed on the website don’t correspond to the actual spreads on the platform. For instance, the broker claims to have a targeted EURUSD spread of 0.00006 pips, but during my test, the standard EURUSD spread was closer to 1.1 pips.

Is FXMeridian Safe to Trade With?

While FXMeridian is licensed by two regulators and provides essential safety measures, I determined that it is not sufficiently safe due to the following factors:

• Has poor transparency
• Based offshore
• Has a rushed onboarding process

Fees

FXMeridian Trading Fees

FXMeridian Spreads

I tested FXMeridian’s spreads on 28 March 2025 during the London and New York opens. The results are shown in the table below:

My findings indicate that FXMeridian charges low spreads on share CFDs, average-to-high spreads on currency pairs, and high spreads on commodities, indices, and cryptocurrencies.

FXMeridian Swaps

A swap fee is a trader’s cost for holding an open position overnight because of changing interest rates. Swap long refers to the charge deductible or credit receivable for holding a buy position open overnight. In turn, swap short relates to the charges/credits deductible or receivable for holding a selling position open overnight.

The values listed below are for one full base currency contract (100,000 units).

FXMeridian’s swaps vary from low (EURUSD) to high (GBPJPY) compared to the industry benchmark.

FXMeridian Non-Trading Fees

FXMeridian doesn’t charge any handling fees for deposits or withdrawals, but there’s an important catch.

If you fund your account using a bank card or e-wallet, the company may incur a processing fee of up to 4%. If that happens, the same amount will be deducted from your account. To offset the charge, FXMeridian will credit your account with a bonus equal to the deducted fee, but keep in mind, this bonus is non-withdrawable.

I also discovered that FXMeridian charges a very high inactivity fee. It charges dormant accounts an inactivity fee of up to 1% per day of the account balance but not less than EUR 10 per day. An account is considered dormant when no activity has been registered for 30 calendar days.

Are FXMeridian’s Fees Competitive?

I assessed that FXMeridian’s fees are not competitive. My tests showed that Its spreads exceed the industry average across the board, except for share CFDs and the occasional currency pair. At the same rate, the broker supports commission-free trading with mixed swaps.

FXMeridian also imposes a significant inactivity fee, which adds to the overall cost of maintaining an idle account. While the broker does support fee-free payments, it doesn’t waive third-party processing fees. Instead, it compensates those charges with a non-withdrawable trading bonus—a solution that’s far from ideal for traders who prefer full control over their funds.

Platforms and Tools

FXMeridian Platform

I performed my test on the FXMeridian web platform and found it user-friendly and great for conducting probing technical analyses. However, it lacks essential trading tools, such as a Depth of Market (DoM) gauge and one-click trading.

The platform is available in five languages: English, German, Spanish, Russian, and French.

Features:

• Alerts-Setting Option: Traders can set alerts for when the price of a given instrument falls/rises to a predetermined level, which could potentially signal a viable entry opportunity.
• Watchlist Customization: Traders can populate watchlists with their favorite instruments and track market changes more easily.
• Trading from the Chart: Traders can place conventional trading orders directly from the chart, specifying the entry price, volume level, stop and take-profit levels, and more.
• News Screener: Brief market updates are published regularly so that traders can stay on top of the latest developments.

Charts

From my experience using FXMeridian’s Web Trader platform, I found the charts to be user-friendly and intuitive. They’re high-definition and easily scalable, allowing traders to analyze price action from various angles with precision and clarity.

I have broken down the available analytical tools and chart configurations below:

• 104 technical indicators: This includes trend-based and volume-based indicators and oscillators to analyze price action and assess market sentiment, helping predict market movements.
• 74 drawing tools: Tools like Fibonacci retracement levels and Elliott waves help identify price patterns, support/resistance levels, and breakout points.
• 10 timeframes: For multi-timeframe analysis, enabling detailed price action analysis.
• 7 chart types: Price action can be displayed as line, bars, or candlesticks, offering diverse perspectives on trading opportunities.

In my view, the chart screen is one of the most critical features of any trading platform. It provides traders with the key tools and configurations needed to analyze price action and identify trading opportunities. Just as important is the ability to seamlessly scale the charts, giving a clearer, more detailed view of market movements for more informed decision-making.

Orders

I have broken down the available order types with the FXMeridian platform below:

• Market Orders: Used for immediate entry at the best available price. They guarantee volume filling, though the entry price may differ from the requested price.
• Limit Orders: Guarantee exact price entries but won’t be filled if the price doesn’t reach the trigger level.
• Stop Orders: They are used to support open positions by limiting the maximum loss that can be incurred if the market turns in the opposite direction. A stop-loss order is placed at a fixed price below or above the spot price. If the market does indeed turn and triggers the stop-loss, it will transform into a market order and get filled at the best possible price.

FXMeridian Platform: My Key Takeaways

FXMeridian stepped up its game with its web platform, which stands out with the advanced charting capabilities powered by TradingView. Price action is represented in great detail and is also easily scalable. On the downside, the platform lacks essential features like DoM and one-click trading.

FXMeridian Mobile App

I tested the FXMeridian app, which is available on iOS and Android and enables quick and easy access to the market on the go. It is very useful for opening, terminating, and adjusting open positions.

You can also use the app to place market, limit, and stop orders, as well as to adjust the exposure of your open trades.

FXMeridian App: My Key Takeaways

The mobile app is a convenient tool in a trader’s arsenal because it makes it quite easy to place and adjust orders, especially during periods of heightened volatility. It also retains the flexibility of its web-trading counterpart with its fluid and easily scalable charts by TradingView.

FXMeridian Execution Model

FXMeridian operates as a market maker. It acts as principal in all dealings and as the sole execution of client orders. Essentially, FXMeridian fills client orders by trading against the trader: it sells against buyers and buys against sellers.

Tradable Instruments

Compared to the industry average, FXMeridian offers an average number of share CFDs and a high number of currency pairs, commodities, indices, and cryptocurrencies.

What Are CFDs?

Contracts for difference (CFDs) are derivatives that speculate on the underlying asset’s price without physical ownership.

For example, a long position on gold would generate profit as the price rises or incur a loss as it falls, all without the need to purchase actual gold bars.

One of the biggest advantages of trading CFDs is that traders can get in and out of the market almost instantaneously, thereby catching even minute changes in the price of the derivative.

What CFDs Can You Trade With FXMeridian?

FXMeridian Instruments: My Key Takeaways

FXMeridian’s tradable instruments offering spans a wide range of markets, with two standout features worth highlighting.

First, the broker provides over 200 currency pairs—a number that surpasses most competitors. This includes rare crosses like AUDBRL and DKKZAR, giving forex traders access to niche opportunities not commonly available elsewhere.

Second, gold and silver are offered in 15 different currency denominations, allowing commodity traders to leverage uncommon price correlations and tailor their exposure based on currency preferences.

Customer Support

Customer Support Channels

Customer Support Test

When we test a broker’s customer support, we evaluate the agent’s knowledge of their own website, how long it takes them to respond to questions, and how detailed their answers are.

I emailed FXMeridian on 28 March at around 09:54 CET, inquiring about the broker’s two entities and their connection to FXMeridian. Several days later, I still hadn’t received a response, which raised concerns about the support’s reliability.

Another notable drawback is the absence of an FAQ section on the website—a basic resource that most brokers provide to address general client questions.

Deposit and Withdrawal

FXMeridian Deposits

When the client deposits funds via bank cards or e-wallets, the company can be charged a fee of up to 4% of the deposited amount, in which case the company will deduct the same amount from the client’s account. To compensate the client, the company will then credit their account with a bonus equivalent to the fee. In such cases, the bonus cannot be withdrawn.

FXMeridian Withdrawals

Account Types and Terms

FXMeridian Account Opening Process

To open an account with FXMeridian, follow these easy steps:

1. Click ‘Sign Up’ at the top-right corner of the main page.
2. Choose a broker entity and enter your name.
3. Provide an email address and choose a password.
4. Select your country of residence and enter your number.
5. Choose a base currency and declare that you have read the T&Cs.
6. Provide the rest of your personal details.
7. Upload proof of ID and proof of address.

FXMeridian Account Types

Since I couldn’t register with FXMeridian’s Bulgarian entity, which is more tightly regulated, I opened an account with its offshore entity instead.

The registration process was simple, but I was concerned by the lack of a proper client categorization policy. Traders aren’t asked about their financial background or trading experience, and they can fund their account before completing verification—a red flag for a broker claiming regulatory oversight.

FXMeridian also comes with relatively high deposit requirements, with the Standard account starting at $500. I also found that its pricing structure isn’t particularly competitive, as the broker doesn’t offer a raw spread account. To access tighter spreads, traders must deposit larger sums, which may not suit those with smaller starting capital.

Demo Accounts

FXMeridian offers a demo account that introduces traders to the broker’s services and allows them to tweak their strategies in a risk-free environment. The market is continually evolving and never static, so it is important to hone your skills in a safe environment. You can set up a demo account for yourself prior to or alongside your live CFD account.

Islamic Accounts

FXMeridian does not offer Islamic accounts for swap-free trading at the present moment.

What is CFD Leverage?

Leverage determines a trader’s overall market exposure. When trading Contracts for Difference (CFDs), positions can be opened for a fraction of their value because of leverage. Essentially, the broker lends the trader money so that they can open bigger positions. Leverage multiplies the profits a trader generates from winning positions but also the losses incurred from failed trades.

Maximum Leverage By Asset Class

In the table below, I have listed the maximum retail leverage available with FXMeridian for instruments from different asset classes:

FXMeridian Restricted Countries

FXMeridian does not accept as clients residents of the United States, Pakistan, North Korea, Afghanistan, Russia, Burma, Cuba, Libya, Ethiopia, Mali, Nicaragua, or any other jurisdiction where trading may be prohibited by law.

Research

While the practicality of Trading Central’s featured ideas is undeniable, I would have appreciated FXMeridian more if it had integrated the full TC package. Normally, the package includes the Market Buzz market sentiment gauge, an economic calendar, and broader technical breakdowns.

Education

The Bottom Line

FXMeridian is a Bulgaria-based forex and CFD broker that’s been in operation since 2015, offering over 740 tradable instruments, including an impressive 217 forex pairs.

The broker sets itself apart with a versatile, user-friendly platform powered by TradingView charts, and stands out even more with its inclusion of rare forex pairs and metal crosses—a plus for traders seeking niche markets.

On the downside, my testing revealed above-average spreads on many popular instruments. I also found some transparency concerns and a lack of educational content, which may be a dealbreaker for some.

FXMeridian could be a solid choice for casual forex and commodities traders who want access to less common markets.

FAQ