Merlion Global Review 2026

Item: Merlion Global
Rating: 3.64
Author: Oleg Tkachenko

By: Oleg Tkachenko
Updated: June 12, 2026

Top Brokers Overview — United States

Min. deposit $10
Fees 8 /10
Account types 5.8 /10
Regulation 3.7 /10

3.6 /10

High risk

Merlion Global User Reviews 7.3
Commissions and Fees 8.0
Regulation and Safety 3.7
Account Types 5.8
Deposit and Withdrawal 4.8
Markets and Tradable Assets 4.8
Trading Account Opening 10.0
Customer Support 4.9

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.

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

zForex

8 /10

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Plus500

7.6 /10

Regulation Tier-1

EUR/USD 0.5 pips

OANDA

6.9 /10

Regulation Tier-1

EUR/USD 0.1 pips

Trading.com USA

6.9 /10

Regulation Tier-1

EUR/USD 0.9 pips

FOREX.com

6.8 /10

Regulation Tier-1

EUR/USD 0.7 pips

Merlion Global User Reviews

Score:

7.3 /10

3 total

5-star

33%
4-star

0%
3-star

67%
2-star

0%
1-star

0%

Choosing a broker as a novice trader, I focused on low initial deposit requirements, the availability of a demo account, and high-quality education. Merlion Global pleasantly surprised me with its conditions. It offers a free demo account, a $10 minimum deposit, and useful trading courses. After a month of dedicated learning and practicing, I carefully started trading with a minimum leverage or without it. Spreads and trading fees are really low. Also, the broker allows traders to use any trading strategies, including scalping, hedging, and using expert advisors. What is really important is that the broker is regulated. I was impressed by the offered partnership program. Since I communicate a lot on forums, social media, and have my own website, I managed to attract many referrals who generate a good income for me. Overall, I can recommend this broker to both novice and experienced traders.

I learned about Merlion Global a while ago, but registered only three months ago. The broker offers conditions that make trading quite comfortable. My Pro account has spreads from 0 pips, as promised, and a $5 commission per lot is acceptable. I work on MetaTrader 4 with fast order execution. I use leverage of 1:5-1:30, as it increases profits sufficiently and helps manage risks. Among the broker’s shortcomings are not very prompt technical support and few crypto CFDs. There are other minor drawbacks, but advantages prevail. Therefore, I’m staying here without any doubts.

After working with several brokers, I've decided on Merlion Global for its low initial threshold and competitive trading fees. A big plus is the absence of withdrawal fees and a good choice of withdrawal methods. While MT4 works well, the availability of MT5 would be a great plus due to its advanced features. Also, there are few assets, as compared to other brokers I know. However, Merlion Global offers all popular financial instruments. Among the available additional income options, I’ve used only its copy trading service and find it really good. I registered as a signal provider and now generate good income. Overall, my impression of the broker is mostly positive.

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Commissions and Fees

Score:

8 /10

The 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, ZForex 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	ZForex	OANDA
EUR/USD min, pips	1.6	0.1	0.1
EUR/USD max, pips	2.3	0.4	0.5
GPB/USD min, pips	1.8	0.2	0.1
GPB/USD max, pips	2.5	0.6	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	ZForex	OANDA
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	7	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	ZForex	OANDA
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	0-15
Inactivity fee ($, per month)	0	0	0

Is Merlion Global Safe?

Score:

3.7 /10

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)	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	Yes
Verification (KYC)	Yes

Account Types

Score:

5.8 /10

Merlion 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.

Standard account with balanced trading conditions
Demo account
Low minimum deposit

No VIP account option
No Cent account

Merlion Global account types vs top competitors
	Merlion Global ‌	ZForex	Plus500
Standard	Yes	Yes	Yes
ECN/Raw spread	Yes	Yes	No
Demo	Yes	Yes	Yes
Cent	No	No	No
Micro	No	No	No
Swap Free	No	Yes	Yes
VIP	No	No	No
Managed	No	No	No

Merlion 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.

Deposit and Withdrawal

Score:

4.8 /10

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.

Low minimum withdrawal requirement
Bank card deposits and withdrawals
USDT (Tether) supported
No withdrawal fee

Limited deposit and withdrawal flexibility, leading to higher costs
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	ZForex	Plus500
Bank Wire	Yes	No	Yes
Bank card	Yes	Yes	Yes
PayPal	No	No	Yes
Wise	No	No	No
BTC	No	Yes	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. 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.

Markets and Tradable Assets

Score:

4.8 /10

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
Copy trading platform
50 supported currency pairs

Futures not available
No ETFs

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 ‌	ZForex	Plus500
Currency pairs	50	50	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	80	2800
Stocks	No	Yes	Yes
Commodity futures	Yes	Yes	Yes
Crypto 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.	Yes	Yes	Yes
Stock indices	Yes	No	Yes
Options	No	No	Yes

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 ‌	ZForex	Plus500
Bonds	No	No	No
ETFs	No	No	Yes
Copy trading	Yes	Yes	No
PAMM investing	No	No	No
Managed accounts	No	No	No

Trading Account Opening

Score:

10 /10

We 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)
Quick KYC verification (1 business day or less)
Fully online account opening process

Account setup process may feel less convenient for beginners

Merlion Global account opening
	Merlion Global ‌	ZForex	Plus500
Online Registration	Yes	Yes	Yes
Minimum deposit	$10	$10	$100
Mandatory KYC	Yes	Yes	Yes
Registration time (min)	7	8	5
KYC time (days)	1	1	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.

Customer Support

Score:

4.9 /10

The 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.

Information

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.

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

Best Merlion Global Alternatives

zForex

8 /10

Regulation Not regulated

EUR/USD 0.1 pips

Plus500

7.6 /10

Regulation Tier-1

EUR/USD 0.5 pips

OANDA

6.9 /10

Regulation Tier-1

EUR/USD 0.1 pips

Trading.com USA

6.9 /10

Regulation Tier-1

EUR/USD 0.9 pips

FOREX.com

6.8 /10

Regulation Tier-1

EUR/USD 0.7 pips

FAQs

How is Merlion Global regulated and what does the safety score in the review indicate?

Merlion Global is regulated by the Financial Services Commission of Mauritius (FSC), which is described as a Tier-3 regulator with no specific investor compensation fund mentioned. The broker has a safety score of 3.7/10 and a Low security level in the review, with noted advantages such as regulation, negative balance protection, and KYC, but also disadvantages including the absence of Tier-1 regulation and a track record of less than 8 years, which may indicate higher regulatory risk compared to brokers with stronger oversight.

What trading account types does Merlion Global offer and how do they differ?

Merlion Global offers Demo, Standard, and Professional (ECN/Raw spread) 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, no commission, and a 100-position limit, while the Professional account also starts from $10 but has spreads from 0 pips with a $5 commission per lot and no limit on simultaneously open positions.

What do user reviews say about Merlion Global’s overall performance?

Merlion Global has a user satisfaction score of 7.3/10 based on 3 reviews, with 33% 5-star and 67% 3-star ratings, indicating a mixed overall impression. According to user reviews, experiences are neither strongly positive nor strongly negative, suggesting that users see both strengths and areas for improvement.

What markets and tradable assets are available with Merlion Global according to the review?

The review states that Merlion Global offers 100 tradable assets in total, including 50 Forex currency pairs, and supports trading in commodity futures, cryptocurrencies, and stock indices, but not stocks or options. It also notes that bonds and ETFs are not available, while copy trading is supported and PAMM or managed accounts are not.

What do reviews say about opening a trading account with Merlion Global and the onboarding process?

The review notes that opening an account with Merlion Global is fully online, took 7 minutes for registration, and that KYC verification was completed within 1 business day, with a minimum deposit of $10. Based on available user reviews in the section, the process is described as accessible and relatively hassle-free, although it may feel less convenient for beginners.