FXMeridian-Overview of Minimum Deposit, Leverage, Spreads

General Information

Founded in 2019, FXMeridian is allegedly a broker registered in Bulgaria that provides its clients with a web-based trading platform, leverage up to 1:30, variable spreads on over 1,000 tradable assets, as well as a choice of three different account types and 24×5 customer support services.

Market Instruments

FXMeridian advertises that it offers more than 1,000 trading instruments in financial markets, which include but are not limited to forex, precious metals, indices, commodities and stocks.

Account Types

There are three live trading accounts offered by FXMeridian, namely Silver, Gold and Platinum. Opening a Silver account requires the minimum initial deposit amount of €2,000, while the other two account types with much higher initial capital requirements of $10,000 and $50,000 respectively.

Leverage

The maximum leverage ratio provided by FXMeridian is up to 1:30. Bear in mind that leverage can magnify gains as well as losses, inexperienced traders are not advised to use too high leverage.

Spreads & Commissions

Spreads are influenced by what type of accounts traders are holding. FXMeridian reveals that the spreads in the Silver account start from 2.1 pips, the clients on the Gold account enjoy spreads from 1.5 pips, while the Platinum account with floating spreads from 0.9 pips. As for commissions, it depends on different trading assets. For example, the broker will charge a €2 commission on shares.

Trading Platform Available

When it comes to trading platforms available, instead of the worlds most widely-used MetaTrader4 and MetaTrader5 platforms, FXMeridian gives traders a web-based platform. The broker also claims that this trading platform can access from any device, yet we have no way to verify if it is really available.

Deposit & Withdrawal

FXMeridian accepts deposits and withdrawals via Visa, MasterCard, Skrill, Trustly and Wire Transfer. The minimum deposit amount is said to be $100. Also, as the legal set of provisions mentioned on its official site, the broker may charge up to 4% on deposits.

Customer Support

FXMeridians customer support can be reached through telephone: +61290670540, +44 20 35 192 327, email: support@fxmeridian.com or send messages online to get in touch. Besides, you can also follow this broker on some social media platforms like Facebook, Instagram and YouTube. Customer Service Department: World Square 680 George St, Sydney, NSW 2000.