What Account Types and Fees Does Mercado Offer?
| Account Type |
Target User Group |
Essential Characteristics |
Applicability Notes |
| Retail Account |
Beginners and casual traders |
Access to a wide range of trading instruments |
Suitable for small-capital trading |
| Professional Account |
Experienced traders |
Potential for higher leverage and trading volume |
Requires validation of trading experience |
| Demo Account |
New traders |
Practice trading with virtual funds |
Ideal for testing strategies without risk |
Account Opening Process
Opening an account with Mercado is a straightforward process, outlined in six simple steps: 1. Visit the Mercado website and navigate to the “Open an Account” section. 2. Provide personal information by completing the online application form with your full name, date of birth, residential address, contact information, and identification documents. 3. Select the type of account you wish to open based on your investment goals and preferences. 4. Submit required documentation to verify your identity and address, which typically includes a copy of your identification card or passport and proof of address, such as a utility bill or bank statement. 5. Agree to Mercado’s terms and conditions, including any relevant legal agreements or disclosures. 6. Await confirmation from Mercado regarding the approval and activation of your account, with further instructions provided via email or the online portal.
Trading Fees
| Product |
Spread (pips) |
Commission |
Notes |
| Forex (Major Pairs) |
Varies |
Varies |
Competitive spreads for major currency pairs |
| CFDs (Stocks) |
Varies |
Varies |
Dependent on the specific stock |
| Cryptocurrencies |
Varies |
Varies |
Market-dependent pricing |
Other Fees
Additional costs associated with trading on Mercado may include deposit and withdrawal fees, inactivity fees for dormant accounts, potential platform usage fees, overnight interest (swap rates) for positions held overnight, and currency conversion fees when trading in different currencies.
