XAU Merlion-Overview of Minimum Deposit, Leverage, Spreads

Merlion Global Information

Merlion Global is a financial services provider registered with the Financial Services Commission of Mauritius and the Securities and Exchange Regulator of Cambodia. They offer a diverse range of trading options, including forex, indices, precious metals, crude oil, and cryptocurrencies.

Merlion's user-friendly trading platforms, such as MetaTrader4, Merlion Copy Trade™ and Merlion Clear Pro Trader, cater to traders of all levels. With convenient deposit and withdrawal options, backed by comprehensive customer support, Merlion ensures a trading experience. They also provide educational resources, including MT4 tutorials Merlion Trading Academy, and Market News, to empower traders with knowledge and enhance their trading skills.

Pros & Cons

Pros:

Merlion Global has several advantages that make it a favorable choice for traders.

Firstly, it offers a wide range of trading instruments, including forex, indices, precious metals, crude oil, and cryptocurrencies, providing traders with ample opportunities for diversification.

Besides, Merlion Global boasts user-friendly trading platforms like MetaTrader4, Merlion Copy Trade™ and Clear Pro Trader, making it convenient for both novice and experienced traders.

Additionally, it provides convenient deposit and withdrawal options, comprehensive customer support, and educational resources such as tutorials, trading academy and market news, enhancing traders' knowledge and skills.

Cons:

However, there are certain drawbacks associated with Merlion Global that need to be considered.

Firstly, Merlion Global currently has no valid regulation. The SERC license is exceeded, which carries potential risks, including uncertainties and potential legal complexities.

Secondly, Merlion Global does not provide services to residents of North Korea, Congo, Iran, Libya, Afghanistan, Cuba, Mali, Syria, Sudan, South Sudan, Yemen, Somalia, Russia, Belarus and Venezuela.

Is Merlion Global Legit?

Merlion has one regulatory license - Securities and Exchange Regulator of Cambodia (SERC, No. 15) , but itis exceeded, implying that it may have gone beyond the scope or limitations of its regulatory authorization.

Market Instruments

Merlion Global offers a variety of trading options, including Forex (currency pairs), indices, precious metals (gold and silver), crude oil, and cryptocurrencies.

Traders can speculate on the price movements of these instruments and take advantage of market opportunities. Forex trading involves buying and selling currency pairs, while indices represent the performance of specific sectors or markets. Precious metals like gold and silver act as safe-haven assets, while crude oil is a globally traded commodity. Cryptocurrencies such as Bitcoin and Ethereum are digital currencies subject to price volatility.

Account Types

Apart from free demo accounts, Merlion Global also offers two types of live trading accounts: Standard and Professional, both with minimum deposit requirement of $10.

These account types cater to the different needs and preferences of traders. The Standard account offers competitive spreads and no commissions, making it suitable for retail traders.

On the other hand, the Professional account provides lower spreads with a small commission per trade and has no trading limits, making it more suitable for experienced and high-volume traders.

How to Open an Account?

To open an account with Merlion, please follow these steps:

Step 1: Visit the official website of Merlion Global at https://www.merlionglobal.com/.

Step 2: Click on the “OPEN ACCOUNT” button.

Step 3: Fill in the required personal information in the registration form, including your name, email address, phone number, and nationality.

Step 4: Choose the type of trading account you wish to open (Standard or Professional) and select other additional preferences or options provided.

Step 5: Complete any additional steps or forms as requested by Merlion Global , which may include verifying your identity and providing additional documentation if necessary.

Step 6: Review and agree to the terms and conditions, privacy policy, and any other relevant agreements presented during the registration process.

Step 7: Submit your registration form and wait for confirmation from Merlion Global . This confirmation may include email verification or further instructions.

Once your account is approved, you can proceed to fund your account using one of the available deposit methods provided by Merlion Global . After funding your account, you can start trading on the Merlion Global platform using the provided login credentials.

Leverage

With a maximum leverage of 1:400, Merlion Global offers traders the opportunity to control a position that is 400 times larger than their initial investment. This high leverage ratio allows traders to potentially amplify their trading profits.

For instance, if a trader has $1,000 in their account, they can trade with a total value of $400,000 ($1,000 multiplied by 400) using the maximum leverage provided by Merlion Global. This means that even with a relatively small amount of capital, traders can access larger positions in the market and potentially benefit from price movements.

Spreads & Commissions

Merlion Global offers two types of trading accounts: STANDARD and PROFESSIONAL. Let's discuss the spreads and commissions associated with each account type.

STANDARD Account:

Spread: The spread is the difference between the buying and selling price of a financial instrument. For STANDARD account holders, the spreads start from 1 pip. This means that the spread for popular currency pairs and other instruments may vary slightly, but it typically starts from 1 pip.

Commissions: There are no commissions charged for trades executed under the STANDARD account.

PROFESSIONAL Account:

Spread: Similar to the STANDARD account, the spread for the PROFESSIONAL account also starts from 1 pip. However, it's important to note that the PROFESSIONAL account boasts of no mark-ups, which means the spreads offered may be tighter or more competitive than the STANDARD account.

Commissions: Unlike the STANDARD account, the PROFESSIONAL account charges a commission fee of $5 per trade. This commission is separate from the spread and is applied in addition to the spread.

It's worth mentioning that the actual spreads and commissions may vary depending on market conditions, liquidity, and the specific financial instrument being traded. Traders should refer to the Merlion Global trading platform or consult with their account manager for real-time and accurate information on spreads and commissions for their chosen instruments.

Trading Platforms

Merlion Global offers three trading platforms to cater to the diverse needs of its traders. Let's take a closer look at each platform:

MetaTrader4 (MT4):

MetaTrader4 is a widely recognized and popular trading platform in the industry. It provides a user-friendly interface and a comprehensive set of features for traders of all levels. MT4 allows traders to access a wide range of financial instruments, including forex pairs, commodities, indices, and more. It offers advanced charting capabilities, a variety of technical indicators, customizable trading strategies, and the ability to automate trades with Expert Advisors (EAs). With its intuitive interface and powerful tools, MT4 is suitable for both beginner and experienced traders.

Merlion Copy Trade™:

Merlion Copy Trade™ is a unique and innovative social trading platform offered by Merlion Global. It allows traders to automatically copy the trades of experienced and successful traders. This platform enables users to connect with a network of professional traders, their performance statistics, and select the ones whose trades they want to copy. By utilizing Merlion Copy Trade™, less experienced traders can benefit from the expertise and strategies of seasoned traders, potentially improving their trading results.

Merlion Global Clear Pro Trader:

Merlion Global Clear Pro Trader is a proprietary trading platform developed by Merlion Global. It is designed to provide professional traders with advanced trading features and enhanced execution capabilities. The platform offers direct market access (DMA) and fast trade execution, allowing traders to take advantage of market opportunities without delays. Merlion Global Clear Pro Trader provides comprehensive market analysis tools, real-time quotes, customizable charts, and order management features to support advanced trading strategies.

These trading platforms cater to the different preferences and trading styles of Merlion Global's clients, providing them with a range of options to access the financial markets and execute trades efficiently. Traders can choose the platform that best suits their needs and trading objectives.

Deposits & Withdrawals

Merlion Global offers a range of payment options, encompassing Cryptocurrency (USDT), USD Bank Wire, Credit Card (Visa, MasterCard), and Local Bank Wire, with a general minimum deposit of 10 USD (except for Bank Wire, which is 100 USD) and no specified minimum withdrawal amount; Credit Card transactions (Visa, MasterCard) incur fees of 2-4%, while other payment methods are fee-free.

Merlion Global minimum deposit vs other brokers

Education

Merlion provides various educational resources to help traders enhance their knowledge and skills.

MT4 Tutorial:

Merlion offers a comprehensive MT4 tutorial to familiarize traders with the MetaTrader 4 trading platform. This tutorial provides step-by-step guidance on how to navigate the platform, use its features and tools, place trades, analyze charts, and manage positions. It is especially beneficial for beginners who are new to the MT4 platform.

Merlion Trading Academy:

The Merlion Trading Academy is a valuable educational resource provided by Merlion. It offers a range of educational materials and resources designed to improve traders' understanding of the financial markets and trading strategies. The academy covers various topics, including fundamental and technical analysis, risk management, trading psychology, and more. Traders can access webinars, video tutorials, e-books, and other educational materials to enhance their trading knowledge.

Market News:

Merlion provides market news updates to keep traders informed about the latest developments in the financial markets. These market news updates cover important economic events, market trends, and significant news releases that can impact trading decisions. By staying updated with the latest market news, traders can make more informed trading choices and adjust their strategies accordingly.

Customer Service

Merlion provides 24/5 comprehensive support to its clients through various channels.

Phone: +230 208 9022

Email: support@merlionglobal.com

Social Media: Facebook, Instagram, and YouTube.

Office Address: Merlion has offices in Mauritius, Cambodia, Malaysia and Philippines.

- Mauritius

1/F River Court, 6 St Denis Street, Port Louis 11328, Mauritius

- Cambodia

The Penthouse Office, E05, No. 83A, Sothearos Boulevard, Tonle Bassac, Chamkarmon, Phnom Penh, Cambodia, 120101

- Malaysia

1 Mont Kiara, Unit 17-08, 1, Jalan Kiara, Mont Kiara, 50480 Kuala Lumpur, Wilayah Persekutuan Kuala Lumpur

- Philippines

Hanston Building, Unit 0304, 20 F. Ortigas Jr. Road, Ortigas Center, Pasig City, Metro Manila, Philippines 1605

Q&A

Is Merlion Global regulated well?

No. It is offshore regulated.

At Merlion Global, are there any regional restrictions for traders?

Yes. Merlion Global does not provide services to residents of North Korea, Congo, Iran, Libya, Afghanistan, Cuba, Mali, Syria, Sudan, South Sudan, Yemen, Somalia, Russia, Belarus and Venezuela.

Does Merlion Global offer demo accounts?

Yes.

Does Merlion Global offer the industry leading MT4 & MT5?

Yes. It supports MetaTrader4, Merlion Copy Trade™, and Merlion Clear Pro Trader.

What is the minimum deposit for Merlion Global?

The minimum initial deposit to open an account is $10.

Risk Warning

Online trading involves significant risk, and you may lose all of your invested capital. It is not suitable for all traders or investors.