Merchantrade Asia Review: Is It Legit and Regulated?

Merchantrade Asia Sdn. Bhd.

MY Operating period unverified

AKA Merchantrade AKA Merchantrade Money

FindMyFX score

critical risk

3.4/10

0 Score out of 10 10

Independent assessment Updated 2026-07-28

Contact & regulation

Official website: mtradeasia.com
Address: Suite 1632, 16th Floor, Lobby 7, Block A, Damansara Intan, No. 1 Jalan SS 20/27, 47400 Petaling Jaya, Selangor, Malaysia
Contact: Suite 1632, 16th Floor, Lobby 7, Block A, Damansara Intan, No. 1 Jalan SS 20/27, 47400 Petaling Jaya, Selangor, Malaysia
Primary license: BNM · Unverified

Missing values mean the information has not been verified or published yet—not that the broker does not provide it.

Quick verdict

Is Merchantrade Asia legit and regulated?

FindMyFX has license records for Merchantrade Asia, but none is currently presented as fully verified. Check each entity, jurisdiction, source, and verification date before depositing.

This is a source-limited research summary, not a safety guarantee or investment recommendation.

Broker-provided profile information is reviewed before publication. Paid profile features never affect FindMyFX scores, license verification, risk flags, reviews, complaints, or editorial decisions.

Broker-provided company information

Merchantrade Asia Sdn. Bhd. is a Malaysian money-services and digital-payments company offering currency exchange, remittance and multi-currency wallet products.

Professional broker overview

FindMyFX editorial summary

Merchantrade Asia Sdn. Bhd. identifies company number 199601038238 (410591-T) and BNM money-services-business licence serial number 00344. Its licence page covers remittance, currency exchange and wholesale currency business, while Merchantrade Money provides a multi-currency wallet and remittance features. The reviewed service is a money-services and payments business rather than a leveraged retail-forex broker.

Prepared from reviewed sources for informational purposes. This is not investment advice.

Editorial note: The exact BNM licence details are published by the company; FindMyFX staff should still confirm the current status directly with Bank Negara Malaysia.

Operational status: active
Broker type: unknown
Execution model: Money-services and digital-payment provider offering physical and digital currency exchange, remittance and a multi-currency wallet.
Support hours: Not verified

Documented advantages

Official pages identify the Malaysian legal company and registration number.
The product site documents multi-currency wallet, remittance and support channels.

Documented limitations

A direct current Bank Negara Malaysia register entry was not obtained.
The service does not publish leveraged-forex account conditions.

100%coverage

Published profile coverage

8 of 8 core information groups currently contain published data. This measures data availability, not broker quality or safety.

Company structure

Legal entities

Registered companies associated with this broker profile.

1 entity

Merchantrade Asia Sdn. Bhd.

Primary

MY 199601038238 (410591-T)

Trading access

Account types

Available account structures and their current verification state.

1 account

Merchantrade Money

unverified

Deposit: Not shown
Leverage: Not shown

The product page states 0% transaction fees on offered wallet currencies; other fees and limits are published separately.

Spread: Not shown
Base currencies: Not shown
Margin call / stop-out: —% / —%
Demo / Islamic: No / Unknown
Balance protection: Unknown
Last verified: Not verified

Markets and instruments

currency exchange

unverified

international remittance

unverified

multi-currency wallet

unverified