What Account Types and Fees Does Merlion Global Offer?
| Account Type |
Target User Group |
Essential Characteristics |
Applicability Notes |
| Standard Account |
Beginners and casual traders |
Commission-free trading, spreads starting from 1 pip |
Requires a minimum deposit of $10 |
| Professional Account |
Experienced and high-volume traders |
Raw spreads from 0 pips, $5 commission per lot |
Minimum deposit of $10; suitable for active trading |
| Corporate Account |
Businesses and institutional clients |
Custom trading solutions, higher leverage options |
Requires corporate documentation |
| Islamic Account |
Traders adhering to Shariah law |
Swap-free trading options |
Available upon request |
| Demo Account |
New traders and those testing strategies |
Practice trading with virtual funds |
No real money required |
Account Opening Process
To open an account with Merlion Global, follow these steps: 1. Visit the official website of Merlion Global. 2. Click on the “Open Account” button. 3. Fill in the required personal information, including your name, email address, phone number, and nationality. 4. Choose your desired trading account type (Standard or Professional) and any other preferences. 5. Submit your identity verification documents, which may include a government-issued ID and proof of address. 6. After approval, you can fund your account using the available deposit methods. Note that you have the flexibility to upgrade to a professional account later if you meet the eligibility criteria.
Trading Fees
| Product |
Spread (pips) |
Commission |
Notes |
| Forex (EUR/USD) |
0.8 |
$0 (ECN: $5/lot) |
Tight spreads for major pairs |
| Forex (GBP/USD) |
1.0 |
$0 (ECN: $5/lot) |
Standard market conditions |
| CFDs (Stocks) |
1.5 |
$0 |
Variable spreads depending on liquidity |
| CFDs (Indices) |
1.0 |
$0 |
Competitive pricing on major indices |
| Cryptos (BTC/USD) |
1.0% |
0.1% |
Variable depending on market conditions |
Other Fees
Merlion Global imposes several additional fees that traders should be aware of, including: – Deposit/Withdrawal Fees: No fees for deposits or withdrawals across most payment methods. – Inactivity Fees: A fee may be charged after a period of inactivity, typically around 6 months. – Platform Usage Fees: No fees associated with using the trading platforms (MT4, Clear Pro). – Overnight Interest (Swap Rates): Applicable on positions held overnight; varies based on account type. – Currency Conversion Fees: Charges may apply for transactions involving currency conversion.
