WikiFX Reviews Merlion Global in Depth

In this article, we'll look in-depth at Merlion Global, examining its key features, fees, safety measures, deposit and withdrawal options, trading platform, and customer service. WikiFX aims to provide you with the information you need to make an informed decision about using this platform.

Background:

Founded in 2019, Merlion Global is the subsidiary of XAU Merlion Financial Co. Ltd. Merlion Global is an online forex and CFD broker with headquarters in Cambodia, Phnom Penh.

Merlion Global offers an array of trading instruments, currency pairs, precious metals, global indices, energy, and cryptocurrencies.

Merlion Global has physical offices throughout the globe, including Mauritius, Cambodia, Malaysia, and the Philippines. Merlion Global does not provide services to North Korea, Congo, Iran, Libya, Afghanistan, Cuba, Mali, Syria, Sudan, South Sudan, Yemen, Somalia, Russia, Belarus and Venezuela residents.

In addition, Merlion Global offers a social trading service that can help money managers and traders improve their efficiency and profitability and generate passive income via copy-trading.

Merlion Global also offers an introducing broker (IB) program that allows individuals and businesses to earn commissions paid weekly by referring new clients to the company.

Types of Accounts:

Merlion Global offers two types of accounts: the Standard account and the Professional account.

The first account option, the Standard Account, is commission-free, mandates a minimum deposit of $10 and permits a minimum lot size of 0.01. This account offers a leverage level of 400 times with spreads starting from 1 pip.

Next, the Professional Account charges a commission of $5 per lot. It does not incur any spreads. This account mandates a minimum deposit of $10 and permits a minimum lot size of 0.01 with a 400 times leverage level.

Deposit and Withdrawals:

Merlion Global provides several payment options, including Bankwire, credit card, and cryptocurrency. Compared with its other industry peers, these offerings are limited.

The minimum deposit is $10, while the minimum withdrawal is $0.

Trading Platforms:

Merlion Global offers the world's most popular and renowned trading platform: MetaTrader 4 (MT4). MT4 is known for its ease of use and wide range of features. MT4 offers a variety of charting tools, technical indicators, and automated trading capabilities. MT4 is also available for both desktop and mobile devices.

Moreover, Merlion Global also offers its in-house cloud-based trading platform Clear Pro, which can be accessed from any browser, offering users easy market access anywhere, any time. It is also available with the mobile application Clear Mobile, supported by both Apple and Android.

Research & Education:

Merlion Global offers traders an Economic Calendar, a useful tool that provides daily updates on market trends, alerts about market volatility, and notices about economic releases. This calendar helps traders stay informed about important events and economic indicators that can impact financial markets. Using the economic calendar, traders can make more informed and well-timed trading decisions based on fundamental data and market developments. It's a practical resource to plan and execute trading strategies effectively.

Merlion Global's Trading Academy offers accessible, round-the-clock courses that can be conveniently accessed from clients' preferred mobile devices or computers. Merlion Global's courses are meticulously crafted by seasoned industry experts.

However, compared with its industry peers, the educational resources offered by Merlion Global are relatively limited.

Customer Service:

Trading clients can reach Merlion Global through the live chat messenger application on its official website or at support@merlionglobal.com or at +230 208 9022. Regrettably, Merlion Global does not provide its customer service support in foreign languages or a live chat messenger service.

Conclusion:

To summarize, here's WikiFX's final verdict:

WikiFX, a global forex broker regulatory platform, has given Merlion Global a WikiScore of 6.82 out of 10, indicating that it is a reliable broker in the forex trading industry.

Upon examining Merlion Global's licenses, WikiFX found that this broker is indeed regulated by both FSC and SERC. Although both entities possess Forex licenses, it's essential to note that their level of safety does not match that of Tier 1 license holders.