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Merlion Global

Mauritius|2-5 years|
Regulated in Cambodia|Common Financial Service License|MT4/5 White Label|Global Business|Suspicious Overrun|Medium potential risk|

https://www.merlionglobal.com/

Website

Rating Index

MT4/5 Identification

MT4/5

White Label

XAUMerlion-Live1

Cyprus
MT4
15

Influence

D

Influence index NO.1

Ireland 2.41

MT4/5 Identification

MT4/5 Identification

White Label

15
Server Name
XAUMerlion-Live1 MT4
Server Location Cyprus

Influence

Influence

D

Influence index NO.1

Ireland 2.41

Surpassed 51.14% brokers

Biz AreaSearch StatisticsAdvertisingSocial Media Index

Contact

+230 208 9022
support@merlionglobal.com
https://www.merlionglobal.com/
1/F River Court, 6 St Denis Street, Port Louis 11328, Mauritius

Licenses

VPS Standard
No restriction on the broker account. Support service provided by WikiFX

Single Core

1G

40G

Open Now

Contact number

English

+230 208 9022

Broker Information

More

Company Name

Merlion Global

Company Abbreviation

Merlion Global

Platform registered country and region

Mauritius

Company website
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Warning: Low score, please stay away!
Previous Detection : 2024-02-25
  • This broker exceeds the business scope regulated by Cambodia SERC(license number: 15)SECC Common Financial License Non-Forex License. Please be aware of the risk!

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Merlion Global · Company Summary

Merlion Global Review Summary
Year(s) of Establishment 2-5 years
Registered Country/Region Mauritius
Regulation FSC (Offshore regulated), SERC (Exceeded)
Market Instruments Forex, indices, precious metals, crude oil and cryptocurrency
Demo Account Available
Account Types Standard & Professional
Leverage 1:400
Spread From 1 pip (Std)
Trading Platforms MetaTrader4, Merlion Copy Trade™, Merlion Clear Pro Trader
Minimum Deposit $10
Educational Resources MT4 Tutorial, Merlion Trading Academy, Market News
Customer Support 24/5 phone: +230 208 9022, email: support@merlionglobal.com, social media

What is Merlion Global?

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. Traders can choose from two account types tailored to their needs, along with competitive spreads and commissions.

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.

Merlion Global's home page

In the following article, we will analyze the characteristics of this broker from various aspects, providing you with simple and organized information. If you are interested, please read on. At the end of the article, we will also briefly make a conclusion so that you can understand the broker's characteristics at a glance.

Pros & Cons

Pros Cons
• Wide range of trading instruments • No valid regulatory license
• User-friendly platform MT4 • Regional restrictions
• Multiple payment methods supported
• Rich educational resources
• Comprehensive support
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 FSC license is offshore regulated and 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 Safe or Scam?

Merlion has two regulatory licenses, but their regulatory status is concerning.

One of their licenses is from the Financial Services Commission (FSC, No. GB22200775), but it falls under offshore regulation, which may have less stringent oversight and investor protection measures.

offshore FSC license

The other license - Securities and Exchange Regulator of Cambodia (SERC, No. 15) is exceeded, implying that it may have gone beyond the scope or limitations of its regulatory authorization.

exceeded SERC license

Merlion Global's current regulatory status is abnormal, raising red flags for traders. Investors should exercise caution when dealing with brokers regulated by offshore authorities and consider the potential risks involved. It's advisable to conduct thorough research on the broker, including their track record, reputation, and any relevant complaints or regulatory actions.

Additionally, investors should carefully assess their own needs, risk tolerance, and the level of regulatory oversight they require before choosing a broker.

Market Instruments

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

Market Instruments

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.

Account Types

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.

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.

Fill in the required personal information

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.

However, it's important to understand that while high leverage can enhance potential profits, it also increases the risk of losses. Traders should exercise caution and use risk management strategies to protect their capital.

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.

Account Type Standard Professional
Spread From 1 pip No Mark Ups
Commission $0 $5

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.

MT4 features

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 Copy Trade™ for investors
Merlion Copy Trade™ for Pro Traders

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.

Merlion Global Clear Pro Trader

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

Merlion Global Most other
Minimum Deposit $10 $100
Deposits & Withdrawals 1
Deposits & Withdrawals 2
Deposits & Withdrawals 3

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.

MT4 Tutorial

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.

Merlion Trading Academy

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.

Market News

The educational resources offered by Merlion aim to empower traders with the knowledge and skills they need to make informed trading decisions. Whether it's through platform tutorials, comprehensive trading education at the Merlion Trading Academy, or regular market news updates, these resources support traders in their journey to become more knowledgeable and successful in the financial markets.

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

contact details

Frequently Asked Questions (FAQs)

Q 1: Is Merlion Global regulated well?
A 1: No.
Q 2: At Merlion Global, are there any regional restrictions for traders?
A 2: 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.
Q 3: Does Merlion Global offer demo accounts?
A 3: Yes.
Q 4: Does Merlion Global offer the industry leading MT4 & MT5?
A 4: Yes. It supports MetaTrader4, Merlion Copy Trade™, and Merlion Clear Pro Trader.

Q 5: What is the minimum deposit for Merlion Global?
A 5: 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. Please ensure that you understand the risks involved and note that the information provided in this review may be subject to change due to the constant updating of the company's services and policies.

In addition, the date on which this review was generated may also be an important factor to consider, as information may have changed since then. Therefore, readers are advised to always verify updated information directly with the company before making any decision or taking any action. Responsibility for the use of the information provided in this review rests solely with the reader.

News

WikiFX Reviews Merlion Global in Depth

NewsWikiFX Reviews Merlion Global in Depth

2023-10-13 17:49

In this article, we'll look in-depth at Merlion Global, examining its key features, fees, safety measures, deposit and withdrawal options, trading platform, and customer service.

WikiFX
2023-10-13 17:49
News
WikiFX Reviews Merlion Global in Depth
WikiFX Review: Is XAU Merlion trustworthy?

NewsWikiFX Review: Is XAU Merlion trustworthy?

2022-09-09 18:11

XAU Merlion has headquarters in Cambodia, Phnom Penh, and is an online forex broker offering a series of financial instruments to its clients. WikiFX has made a comprehensive review of this broker by analyzing its regulations, specific information, etc. so that you have a deep understanding of this broker.

WikiFX
2022-09-09 18:11
News
WikiFX Review: Is XAU Merlion trustworthy?

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FX1483284817
more than one year
I’ve been trading with them for a while now and the range of trading options they offer is amazing. You can trade everything from forex and indices to precious metals and even cryptocurrencies. It's nice to have such variety in one place. Their platforms, especially MetaTrader4, are pretty user-friendly. I was new to MT4 when I started, but their tutorial helped me get the grip of it. Also, being able to copy the trades of experienced traders with their Copy Trade™ platform is a fantastic feature, especially for someone like me who is still learning the ropes. Just a heads-up - the minimum deposit is only $10, which is indeed quite low. But if you're thinking of funding your account through a Credit Card, keep in mind there are fees of 2-4%. On the flip side, it's worth mentioning their odd regulatory status. Even though Murlion Global has two regulatory licenses, they are offshore regulated and the SERC license is exceeded. So, well, it's kinda risky in that regard. That's a bit of a red flag for me and may be for other traders too. Another point, they do not provide services in some countries including Russia, North Korea, Iran, etc. So, before joining, make sure your country is not on the restricted list. Their support team is pretty good and available 24/5. I haven’t had any pressing issues, but when I did reach out, they replied swiftly enough. In conclusion, if you're considering it, don't forget to weigh these aspects in mind and decide what's right for you.
2023-09-13 17:10
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0
0
more than one year
Merlion Global’s standard accounts deserve having a try, indeed. Although I swift to the professional account, I would say that trading through standard accounts paved my way of successful trading, low deposit, no commissions charged, as well as flexible leverage, all available.
2023-02-23 09:29
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0
0
北冥有鱼65721
more than one year
Security is the most important thing when I choose a broker. What's the point of having other trade terms if you've been scammed out of your money? So I think that XAU Merlion is not a platform worth your investment, because wikifx shows that their regulatory conditions are not very good.
2022-11-28 10:39
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0
0
『我是你的小毛驴』
more than one year
If you are a novice in forex, you may lose your money!! Need to be very cautious with given signals and be able to analyse if it's good for your account !! As brokers, they are not there to teach you, they are there to profit from you whenever possible. Without appropriate forex trading knowledge, you risk your account. XAU Merlion isn’t regulated well and their customer service is unprofessional. Don’t trust them!
2022-11-25 15:37
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0
1
钟芸倩
more than one year
My friend Ada told me to stay away from this platform. The trading fees charged is super high, accompanied by their terrible customer support, margin call level as high as 90%. You can hardly make any profits with this broker, what’s worse, you own money can be eaten on this platform.
2022-11-25 11:49
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