According to our idea, the TU Overall Score indicator should answer the biggest question of all: “Can I trust this broker with my money?”. The scores range within 0.01 – 9.99 (the higher the indicator the more trust the broker has). More details
- $10
- MetaTrader4
- Clear Pro
- FSC
Our Evaluation of Merlion Global
According to our idea, the TU Overall Score indicator should answer the biggest question of all: “Can I trust this broker with my money?”. The scores range within 0.01 – 9.99 (the higher the indicator the more trust the broker has). More details
Merlion Global is a moderate-risk broker with the TU Overall Score of 5.43 out of 10. Having reviewed trading opportunities offered by the company and reviews posted by Merlion Global clients on our website, Traders Union expert Anton Kharitonov recommends users to thoroughly analyze pros and cons before opening an account with this broker as not all clients are satisfied with the company, according to reviews.
Merlion Global provides competitive trading conditions with low initial deposit requirements. Trading fees are competitively priced with market averages, and there are no deposit or withdrawal fees. The broker offers a variety of trading assets, fast order execution speed, and flexible leverage. Technical support options are limited to phone and email. Additionally, the selection of analytical tools is limited, primarily offering an economic calendar.
Brief Look at Merlion Global
Merlion Global offers trading in dozens of assets, including currency pairs and CFDs on indices, metals, energies, and cryptocurrencies. Traders can choose from a free demo account and two live account options, accessible through both MetaTrader 4 and the proprietary Clear Pro platform. The minimum deposit is $10, with spreads starting from 0 pips and commissions per lot at $5. Maximum leverage is 1:400.
Deposits and withdrawals can be made via bank transfers, bank cards, and USDT crypto wallets. For additional income opportunities, the platform offers copy trading, MAM accounts, and a partnership program. The broker also provides news updates and analytics, and technical support is available 24/5 by phone and email.
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- Free demo account;
- Minimum deposit on live accounts is $10;
- A variety of assets are traded with flexible leverage ranging from 1:2 to 1:400;
- Spreads start from 0 pips or 1 pips depending on the account type with a $5 commission per lot;
- Any strategies and methods, including expert advisors and scalping, are allowed;
- Free trading courses, MT4 tutorials, market news, and analytics are available;
- Client funds are securely protected by using segregated accounts and negative balance protection;
- Two options of a profitable partnership program and a wide choice of experienced signal providers for copy trading are offered.
- The economic calendar is the only market analysis tool;
- Regional restrictions include North Korea, Iran, Libya, Cuba, Syria, and Venezuela;
- Technical support is not available on weekends.
TU Expert Advice
Author, Financial Expert at Traders Union
Merlion Global offers a range of trading instruments, including Forex pairs and CFDs on indices, metals, energies, and cryptocurrencies. It supports trading on MT4 and its proprietary Clear Pro platform, providing a demo account and two live account types with a minimum deposit of $10. With flexible leverage up to 1:400, competitive trading fees, and no charges on deposits or withdrawals, Merlion Global supports diverse trading strategies, including scalping and use of expert advisors. Additionally, it offers copy trading, a partnership program, and negative balance protection.
Despite its competitive conditions, Merlion Global has some drawbacks, such as limited market analysis tools, primarily offering an economic calendar, and weekday client support is only available via phone and email. The broker is regulated by the FSC of Mauritius, which is not considered Tier-1 regulation, and its asset selection, though expanding, is still limited compared to some competitors. Merlion Global may be suitable for novice traders drawn to low entry requirements and experienced traders seeking competitive fees; however, those valuing extensive asset variety and comprehensive analysis tools may need to consider other options.
Merlion Global Trading Conditions
Your capital is at risk. CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. A high percentage of retail investor accounts lose money when trading CFDs. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.
| 💻 Trading platform: | MetaTrader 4 and Clear Pro |
|---|---|
| 📊 Accounts: | Demo, Standard, and Professional |
| 💰 Account currency: | USD |
| 💵 Deposit / Withdrawal: | Bank transfers, Visa and Mastercard, and USDT crypto wallets |
| 🚀 Minimum deposit: | $10 |
| ⚖️ Leverage: | Up to 1:400 |
| 💼 PAMM-accounts: | Yes |
| 📈️ Min Order: | 0.01 |
| 💱 EUR/USD spread: | 0,1 pips |
| 🔧 Instruments: | Currency pairs and CFDs on indices, precious metals, energies, and cryptocurrencies |
| 💹 Margin Call / Stop Out: | No |
| 🏛 Liquidity provider: | No |
| 📱 Mobile trading: | Yes |
| ➕ Affiliate program: | Yes |
| 📋 Order execution: | Market |
| ⭐ Trading features: |
Free demo account and two live account types; Low initial threshold; Average number of assets; Competitive trading fees; Two trading platforms; No withdrawal fees. |
| 🎁 Contests and bonuses: | Yes |
The broker offers two live account types, both requiring a low $10 initial deposit. Deposits are made via various popular payment methods free of charge. Leverage varies depending on the tradable asset. For example, the maximum leverage for currency pairs is 1:400, while it is 1:100 for energies and cryptocurrencies. Traders can choose the leverage level that suits their risk tolerance and trading strategy. Multilingual technical support is available 24/5 via phone and email.
Merlion Global Key Parameters Evaluation
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Trading Account Opening
To start working with Merlion Global, register on its official website, complete verification, open an account, and make a deposit. To eliminate any questions, TU experts prepared a little guide on the process and described main features of the user account.
Go to the broker’s website and click the “Open Account” button.
Provide your first and last names, nationality, email, and phone number. Create a password and enter it twice. Choose the account type, account currency, and leverage. Agree to the terms and conditions by checking corresponding boxes and click the “Sign Up” button.
Log into your user account with your email and password.
Enter the number of your ID document, your gender, date of birth, marital status, country and city of residence, address, and postal code.
Upload scans or images of documents confirming your ID (passport or ID card) and residence address (driver’s license, utility bills, etc.). Agree to the terms and conditions again and click the “Submit” button.
Once your documents are verified, make a deposit via any suitable method.
Download and install an appropriate version of MetaTrader 4 or Clear Pro. Enter your registration data and start trading.
Features of Merlion Global’s user account that allow traders to:
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View information on all active accounts;
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Open and close demo or live accounts;
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Make deposits, withdraw profits, and make internal transfers;
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Monitor referrals’ activity and profits from the partnership program;
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View information on MAM accounts and copy trading;
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Change security parameters and edit personal information.
Regulation and safety
Merlion Global has a safety score of 3.7/10, which corresponds to a Low security level. The safest brokers are those with Tier-1 regulation, a long history (over 10 years in the market), and participation in investor compensation schemes.
- Is regulated
- Negative balance protection
- Not tier-1 regulated
- Track record of less than 8 years
Merlion Global Regulators and Investor Protection
| Abbreviation | Full Name | Country of regulation | Investor Protection Fund | Regulation Level |
|---|---|---|---|---|
 FSC (Mauritius) |
Financial Services Commission of Mauritius | Mauritius | No specific fund | Tier-3 |
Merlion Global Security Factors
| Foundation date | - |
| Negative balance protection | Yes |
| Verification (KYC) | Yes |
Commissions and fees
The trading and non-trading commissions of broker Merlion Global have been analyzed and rated as Low with a fees score of 8/10. Additionally, these commissions were compared with those of the top two competitors, Pepperstone and OANDA, to provide the most comprehensive information.
- Low Forex trading fees
- Tight EUR/USD market spread
- No inactivity fee
- No deposit fee
- No withdrawal fee
- Complex fee structure
Trading Fees and Spread
Below, we evaluated and compared the trading commissions of Merlion Global with those of two competitors. We focused on the spreads and other transaction fees directly associated with executing trades (e.g commission per lot on an ECN account). This comparison aimed to provide a clear understanding of the cost efficiency of each broker.
Standard Account Spread
For Standard accounts, Merlion Global’s commissions are part of the floating spread, which varies with market conditions. Typical values are provided, but during high volatility, the spread may exceed these.
Merlion Global Standard spreads
| Merlion Global | Pepperstone | OANDA | |
| EUR/USD min, pips | 1,6 | 0,5 | 0,1 |
| EUR/USD max, pips | 2,3 | 1,5 | 0,5 |
| GPB/USD min, pips | 1,8 | 0,4 | 0,1 |
| GPB/USD max, pips | 2,5 | 1,4 | 0,5 |
RAW/ECN Account Commission And Spread
The spread on ECN/RAW accounts is market-based and fluctuates, with average values given during active hours. It may vary during volatility spikes. A commission per lot is also charged.
Merlion Global RAW/ECN spreads
| Merlion Global | Pepperstone | OANDA | |
| Commission ($ per lot) | 2,5 | 3 | 3,5 |
| EUR/USD avg spread | 0,1 | 0,1 | 0,15 |
| GBP/USD avg spread | 0,2 | 0,15 | 0,2 |
Non-Trading Fees
We conducted a detailed analysis of the non-trading fees associated with Merlion Global. This review offers a comprehensive overview of the additional costs that may impact traders beyond regular trading activities.
Merlion Global Non-Trading Fees
| Merlion Global | Pepperstone | OANDA | |
| Deposit fee, % | 0 | 0 | 0 |
| Withdrawal fee, % | 0 | 0 | 0 |
| Withdrawal fee, USD | 0 | 0 | 0-15 |
| Inactivity fee ($, per month) | 0 | 0 | 0 |
Account types
The first thing to do at the start is to choose the account type. Merlion Global offers two live accounts, Standard and Professional, that differ in spreads and commissions per lot. The Standard account offers a minimum spread of 1 pips without additional fees, while Professional charges spreads from 0 pips and a $5 commission per lot. Also, accounts differ in the number of simultaneously open positions with no limits on the Professional account and a 100-position limit on Standard. Obviously, the Professional account is more suitable for experienced market participants who trade with large volumes. Another important factor is the trading platform. MetaTrader 4 is more popular among traders due to its intuitivity, advanced features, and customization options. However, Clear Pro is an established and competitive solution. So, traders are recommended to try both options and choose the one that suits their needs.
Account types:
Prior to starting working with a new broker, traders are recommended to explore its conditions and test their strategies on a demo account. Once satisfied, traders open a live account based on their goals and trading preferences.
Deposit and withdrawal
Merlion Global received a Low score for the efficiency and convenience of its deposit and withdrawal processes.
Merlion Global offers limited payment options and accessibility, which may impact its competitiveness.
- Minimum deposit below industry average
- Bank card deposits and withdrawals
- USDT (Tether) supported
- No deposit fee
- BTC not available as a base account currency
- PayPal not supported
- Wise not supported
What are Merlion Global deposit and withdrawal options?
Merlion Global offers a limited selection of deposit and withdrawal methods, including Bank Card, Bank Wire, USDT. This limitation may restrict flexibility for users, making Merlion Global less competitive for those seeking diverse payment options.
Merlion Global Deposit and Withdrawal Methods vs Competitors
| Merlion Global | Plus500 | Pepperstone | |
| Bank Wire | Yes | Yes | Yes |
| Bank card | Yes | Yes | Yes |
| PayPal | No | Yes | Yes |
| Wise | No | No | No |
| BTC | No | No | No |
What are Merlion Global base account currencies?
A wide range of base account currencies minimizes the need for currency conversion, potentially reducing transaction costs for clients worldwide. Merlion Global supports the following base account currencies:
What are Merlion Global's minimum deposit and withdrawal amounts?
The minimum deposit on Merlion Global is $10, while the minimum withdrawal amount is $1. These minimums may vary depending on the chosen account type and payment method. For specific details, please contact Merlion Global’s support team.
Markets and tradable assets
Merlion Global offers a limited selection of trading assets compared to the market average. The platform supports 100 assets in total, including 50 Forex pairs.
- Indices trading
- 50 supported currency pairs
- Crypto trading
- Futures not available
- Limited asset selection
Supported markets vs top competitors
We have compared the range of assets and markets supported by Merlion Global with its competitors, making it easier for you to find the perfect fit.
| Merlion Global | Plus500 | Pepperstone | |
| Currency pairs | 50 | 60 | 90 |
| Total tradable assets | 100 | 2800 | 1200 |
| Stocks | No | Yes | Yes |
| Commodity futures | Yes | Yes | Yes |
| Crypto | Yes | Yes | Yes |
| Stock indices | Yes | Yes | Yes |
| Options | No | Yes | No |
Investment options
We also explored the trading assets and products Merlion Global offers for beginner traders and investors who prefer not to engage in active trading.
| Merlion Global | Plus500 | Pepperstone | |
| Bonds | No | No | No |
| ETFs | No | Yes | Yes |
| Copy trading | Yes | No | Yes |
| PAMM investing | No | No | Yes |
| Managed accounts | No | No | No |
Customer support
Traders often have questions due to the lack of knowledge or insufficient information on the broker’s website. Sometimes there occur difficult trading situations that users cannot solve themselves. Merlion Global provides highly competent 24/5 technical support via email and phone.
Advantages
- Two popular communication channels
- Support is available 24 hours a day
- Managers provide competent and detailed advice
Disadvantages
- Support cannot be reached on weekends
- No live chat on the website
Existing clients and non-registered users can contact Merlion Global’s technical support with any questions.
Available communication channels are:
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Phone;
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Email;
The broker has its official profiles on YouTube, Facebook, and Instagram, where it is also possible to contact technical support.
Contacts
| Registration address |
1/F River Court, 6 St Denis Street, Port Louis 11328, Mauritius The Penthouse Office, E05, No. 83A, Sothearos Boulevard, Tonle Bassac, Chamkarmon, Phnom Penh, Cambodia, 120101 1 Mont Kiara, Unit 17-08, 1, Jalan Kiara, Mont Kiara, 50480 Kuala Lumpur, Wilayah Persekutuan, Kuala Lumpur Hanston Building, Unit 0304, 20 F. Ortigas Jr. Road, Ortigas Center, Pasig City, Metro Manila, Philippines, 1605 |
|---|---|
| Regulation | FSC |
| Official site | https://www.merlionglobal.com/ |
| Contacts |
+230 208 9022
|
Education
Many traders come to brokers with a certain trading background, however, novice traders also want to try their hand at trading. Therefore many brokers offer FAQs on basics of trading, thematic articles, guides, and podcasts. Merlion Global provides comprehensive free education offering important knowledge and skills necessary for successful trading.
Since established industry trainers participated in developing the broker’s educational courses, they can be useful for experienced traders as well.
Comparison of Merlion Global with other Brokers
| Merlion Global | Bybit | Eightcap | XM Group | FBS | |
| Trading platform |
Clear Pro, MetaTrader4 | MetaTrader5 | MT4, MT5, TradingView | MT4, MT5, MobileTrading, XM App | MT4, MobileTrading, MT5, FBS app |
| Min deposit | $10 | No | $100 | $5 | $5 |
| Leverage |
From 1:1 to 1:400 |
From 1:1 to 1:500 |
From 1:30 to 1:500 |
From 1:1 to 1:30 |
From 1:1 to 1:3000 |
| Trust management | No | No | No | No | No |
| Accrual of % on the balance | No | No | No | No | No |
| Spread | From 0 points | From 0 points | From 0 points | From 0.8 points | From 1 point |
| Level of margin call / stop out |
No | No / 50% | 80% / 50% | 100% / 50% | 40% / 20% |
| Order Execution | Market Execution | Market Execution | Market Execution | Market Execution | Market Execution |
| No deposit bonus | No | No | No | No | No |
| Cent accounts | No | No | No | No | No |
Detailed Review of Merlion Global
Merlion Global attracts traders from many countries, however, it is especially popular in the Asia-Pacific region. The broker is continuously improving its services and increasing the number of assets. In particular, a range of innovative solutions was introduced for the Clear Pro platform and the MAM account service was launched. Data and fund security is ensured by SSL protocols, authentication tokens, and segregated accounts. Moreover, Merlion Global offers negative balance protection and loss coverage up to $10,000. Experienced traders are offered funding options on individual conditions.
Merlion Global by the numbers:
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Minimum deposit is $10;
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50+ assets from 5 groups are available;
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Minimum spread is 0 pips;
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Maximum leverage is up to 1:400;
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Technical support is available 24/5.
Merlion Global is a broker offering comfortable trading environment
The broker’s asset pool consists of a little number of assets, but these are the most demanded positions, including popular currency pairs and CFDs on indices, precious metals, energies, and cryptocurrencies. Merlion Global allows traders to employ various strategies, including scalping, hedging, news trading, and the use of expert advisors through MetaTrader 4 or Clear Pro platforms. Diversified portfolios provide for efficient risk management.
Useful services offered by Merlion Global:
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News and Analytics. Daily market analyses and reviews allow traders to make informative trading decisions.
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MAM accounts and copy trading. These services offer passive and additional income options.
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Partnership program. Traders who register for this program are offered profitable conditions with a wide range of marketing materials and rewards up to 50% of referral fees.
Advantages:
Free demo account and low initial deposit requirements for both live account types;
5 asset classes are traded with leverage ranging from 1:2 to 1:400;
Competitive fees with spreads from 0 pips and a $5 commission per lot;
Partnership with tier 1 liquidity providers ensures high order execution speed and uninterrupted trading activity;
The broker’s website contains all necessary information and technical support is available to answer any questions.
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