Traders Union has analyzed financial markets for over 14 years, evaluating brokers based on 250+ transparent criteria, including security, regulation, and trading conditions. Our expert team of over 50 professionals regularly updates a Watch List of 500+ brokers to provide users with data-driven insights. While our research is based on objective data, we recommend that users perform independent due diligence and consult official regulatory sources before making any financial decisions.
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Merlion Global Pros & Cons
- 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.
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.
TU Expert Verdict
Merlion Global carries a higher degree of risk. My review and user feedback point to noticeable performance issues and limitations. It may be appropriate only for experienced traders who fully understand the risks and are prepared for potential instability.
Top-5 Brokers Traders Prefer
Merlion Global User Reviews
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5-star
33%
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Commissions and Fees
Score:We evaluate brokers' fees and spreads by assessing the costs associated with Standard and ECN/Raw spread accounts, including commissions and spreads. Additionally, our evaluation considers extra fees such as deposit/withdrawal charges and inactivity fees. Learn the assessment criteria8 /10The trading and non-trading commissions of Merlion Global have been analyzed and rated as having Low fees, with a fees score of 8/10. Additionally, these commissions were compared with those of the top two competitors, OANDA and FOREX.com, 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 OANDA FOREX.com EUR/USD min, pips 1.6 0.1 0.7 EUR/USD max, pips 2.3 0.5 1.2 GPB/USD min, pips 1.8 0.1 0.9 GPB/USD max, pips 2.5 0.5 1.4 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 OANDA FOREX.com Commission ($ per lot) The commission is the fee charged by the broker for trading one standard forex lot (100,000 units of the base currency). 2.5 3.5 5 EUR/USD avg spread 0.1 0.15 0.2 GBP/USD avg spread 0.2 0.2 0.4 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 OANDA FOREX.com Deposit fee, % The indicated amount does not include possible fees from payment systems and banks. 0 0 0 Withdrawal fee, % The indicated amount does not include possible fees from payment systems and banks. 0 0 0 Withdrawal fee, USD The indicated amount does not include possible fees from payment systems and banks. 0 0-15 0 Inactivity fee ($, per month) 0 0 15 -
Is Merlion Global Safe?
Score:We evaluate brokers' safety based on several key criteria. The highest value is placed on regulation, especially Tier 1 regulation, which ensures adherence to stringent standards set by top financial authorities like the FCA in the UK, CFTC in the US, CySEc and BaFin (EU) or ASIC (Australia). High scores are also given for participation in investor protection funds, which safeguard clients' funds in case of broker insolvency. Learn the assessment criteria3.7 /10Merlion 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) Full Name Financial Services Commission of Mauritius Country of regulation Mauritius Investor Protection Fund No specific fund Regulation Level Tier-3 Merlion Global Security Factors Foundation date - Negative balance protection YesVerification (KYC) Yes -
Account Types
Score:We evaluate a broker’s account offering by analyzing the range and suitability of available account types and how effectively they cater to different trader profiles and strategies. Our assessment covers the diversity of account options — including Standard, ECN/Raw, Cent, Swap-Free (Islamic), and VIP accounts — as well as the flexibility of trading conditions provided. Learn the assessment criteria.5.8 /10Merlion Global offers the following account options: Demo, Standard, ECN/Raw spread.
However, it does not provide a Cent account, which can be a disadvantage for beginners looking to practice with minimal risk.
- Tight spread ECN account
- Demo account
- Low minimum deposit
- No Cent account
- No Swap Free account
Merlion Global account types vs top competitors Merlion Global Trading.com Plus500 Standard YesYesYesECN/Raw spread YesNoNoDemo YesYesYesCent NoNoNoMicro NoNoNoSwap Free NoNoNoVIP NoNoNoManaged NoNoNoMerlion Global accounts trading conditions
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:
Account Type Description Demo This account type does not require a deposit, since trading is conducted with virtual funds. Its conditions match those of the Standard account. Standard The minimum deposit is $10, spreads start from 1 pips, no commissions per lot, and leverage is up to 1:400. The broker allows traders to use any methods and strategies. Professional The minimum deposit is $10, spreads are from 0 pips, and commissions per lot are $5. Traders gain full access to a wide range of tradable assets and market order execution. 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.
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Deposit and Withdrawal
Score:This section assesses the efficiency, speed, and affordability of brokers’ transaction processes, focusing on available methods, currencies, and fees. For further details, please refer to our data-focused methodology4.8 /10Merlion 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.
- No deposit fee
- Bank card deposits and withdrawals
- Low minimum withdrawal requirement
- Bank wire transfers available
- BTC payments not accepted
- Wise not supported
- PayPal 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 Trading.com Plus500 Bank Wire YesYesYesBank card YesYesYesPayPal NoNoYesWise NoNoNoBTC NoNoNoWhat are Merlion Global base account currencies?
A wide range of base account currencies minimizes the need for currency conversion, potentially reducing transaction costs. Merlion Global supports the following base account currencies: USD.
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.
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Markets and Tradable Assets
Score:The evaluation in this section is based on the TU methodology and reflects the total number and variety of tradable assets offered by the broker, including Forex currency pairs. It also considers the availability of passive income tools such as PAMM accounts, copy trading, and similar services. All information is obtained from publicly available sources and may change. Learn the assessment criteria4.8 /10Merlion Global offers a limited selection of trading assets compared to the market average. The platform supports 100 assets in total, including 50 Forex pairs.
- Copy trading platform
- Indices trading
- 50 supported currency pairs
- 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 Trading.com Plus500 Currency pairs 50 69 60 Total tradable assets The total tradable assets listed include all available instruments, including CFDs. Due to regional restrictions, certain CFDs may not be offered in some countries. For example, cryptocurrency CFDs are banned in the UK, and the U.S. has restrictions on CFDs. 100 69 2800 Stocks NoNoYesCommodity futures YesNoYesCrypto Cryptocurrency CFDs are restricted or prohibited in certain regions due to regulatory limitations. These include the United Kingdom, China, Egypt, the United States and Canada. YesNoYesStock indices YesNoYesOptions NoNoYesInvestment 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 Trading.com Plus500 Bonds NoNoNoETFs NoNoYesCopy trading YesNoNoPAMM investing NoNoNoManaged accounts NoNoNo -
Trading Account Opening
Score:We evaluated Trading Account Opening at Merlion Global by testing the registration process under real conditions, including opening an account and funding it with the minimum required deposit (but no less than $100). Our assessment considered whether onboarding was fully online, the average registration time, the speed of KYC verification, and how quickly traders could activate their accounts. Learn the assessment criteria.10 /10We successfully registered an account with Merlion Global in 7 minutes. The KYC verification was completed within 1 business day. The minimum deposit amount at Merlion Global is $10. This is one of the most accessible and hassle-free onboarding procedures on the market.
- Fast registration time (up to 15 minutes)
- Low minimum deposit requirement
- Quick KYC verification (1 business day or less)
- Account setup process may feel less convenient for beginners
Merlion Global account opening Merlion Global Trading.com Plus500 Online Registration YesYesYesMinimum deposit $10 $50 $100 Mandatory KYC YesYesYesRegistration time (min) 7 20 KYC time (days) 1 2 3 Is Merlion Global available in my country?
If you are a citizen of United States, the broker accepts clients from your country.
Please note that availability may vary due to regulatory requirements, so we recommend confirming directly with the broker for the most accurate and up-to-date information.
Account opening details
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:
- View information on all active accounts;
- Open and close demo or live accounts;
- Make deposits, withdraw profits, and make internal transfers;
- Monitor referrals’ activity and profits from the partnership program;
- View information on MAM accounts and copy trading;
- Change security parameters and edit personal information.
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Customer Support
Score:We evaluated Customer Support at Merlion Global by opening a real account funded with the minimum required deposit (no less than $100) and contacting support to measure response time under real conditions. Our assessment considered contact channels, response speed, multilingual support, and availability hours. Learn the assessment criteria4.9 /10The broker’s customer support shows noticeable weaknesses in responsiveness or communication quality. Delays in replies are common, and resolution may require repeated contact.
In TU testing, response speed was below expectations, and assistance was limited in depth. Traders who rely heavily on support may experience inconvenience.
InformationTraders 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.
- Two popular communication channels
- Support is available 24 hours a day
- Managers provide competent and detailed advice
- 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:
- Phone;
- 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 support@merlionglobal.com +230 208 9022
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FAQs
What commissions and fees does Merlion Global charge for forex trading?
The review states that Merlion Global has generally low fees, with a fee score of 8/10, and highlights low forex trading costs, tight EUR/USD spreads, and no inactivity, deposit, or withdrawal fees. On Standard accounts, spreads are floating, with EUR/USD typically between 1.6–2.3 pips and GBP/USD between 1.8–2.5 pips, while RAW/ECN accounts show average EUR/USD and GBP/USD spreads of 0.1 and 0.2 pips respectively plus a $2.5 commission per lot.
How do Merlion Global account types differ in terms of trading conditions?
According to the review, Merlion Global offers Demo, Standard, and Professional (ECN/Raw-type) accounts, but does not provide Cent, Micro, Swap Free, VIP, or managed accounts. The Standard account has a $10 minimum deposit, spreads from 1 pip with no commission and a 100-position limit, while the Professional account also starts from a $10 minimum deposit but offers spreads from 0 pips with a $5 commission per lot and no limit on open positions.
What do user reviews say about Merlion Global’s overall reliability and experience?
The user satisfaction score for Merlion Global is 7.3/10, based on three reviews, with 33% 5‑star and 67% 3‑star ratings and no 1‑ or 2‑star ratings. According to user reviews, the overall impression is mixed rather than clearly positive or negative.
What markets and tradable assets are available with Merlion Global, according to reviews?
The review notes that Merlion Global offers 100 total tradable assets, including 50 currency pairs, as well as crypto, stock indices, and commodity futures, but no stocks, options, bonds, ETFs, PAMM, or managed accounts. It also mentions that copy trading is available, while the overall asset selection is described as limited compared with the market average.
What does user feedback say about Merlion Global customer support and contact options?
The review describes Merlion Global’s customer support as 24/5 via phone and email, with no live chat and no weekend availability, and notes that response times and depth of assistance were below expectations in testing. Based on user feedback in the review, traders may experience delays or need repeated contact, although support managers are described as competent and the broker can also be reached through its social media profiles.
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