Company Information

Get to know Merchantrade Asia

Founded in 1996 and becoming a full-fledged Money Services Business (MSB) operator in 2012, Merchantrade Asia is Malaysia's largest non-bank remittance provider. The company's core mission is to provide accessible and affordable financial services, particularly for underserved communities, including the migrant worker population. Its services encompass international money transfers, currency exchange, wholesale currency trading, and a fast-growing digital payment ecosystem centered around its "Merchantrade Money" e-wallet and Visa prepaid card. The company has a hybrid model, combining an extensive network of physical branches with a robust digital platform, positioning itself as a key player in Malaysia's fintech and digital banking landscape.

Industry

Financial Electronic PaymentPRIMARY
Financial Other Service

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Merchantrade Asia

Malaysia

Founded in

1997 (29 Years)

Founded

Last online: No recent activity

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OVERALL SCORE

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Regulated

Recommended

(73 reviews)

Cyprus

2009

(17 years)

Security Information :

CySEC

FSCA

DFSA

Security Information

Warning

This company is currently Unproved.

Please be cautious of the potential risks!

License

A Grade License

Issued by globally renowned regulators, these licenses ensure the highest trader protection through strict compliance, fund segregation, insurance, and regular audits. Dispute resolution and adherence to AML/CTF standards further enhance security.

B Grade License

Granted by respected regional regulators, these licenses offer robust safety measures such as fund segregation, financial reporting, and compensation schemes. Though slightly less strict than Tier 1, they provide dependable regional protection.

C Grade License

Issued by regulators in emerging markets, these licenses offer basic protections such as minimum capital requirements and AML policies. Oversight is less stringent, so traders should exercise caution and verify safety measures.

D Grade License

From jurisdictions with minimal oversight, these licenses often lack key protections like fund segregation and insurance. While attractive for operational flexibility, they pose higher risks to traders.

TrustFinance is not a licensed financial advisor and is not affiliated with any financial institutions in your region. We encourage you to do your own research before making any investment decisions.