Merlion Global Broker Review 2025

Merlion Global offers commission-free Forex trading through its Standard account with a 1.0 pip markup on spreads.

Through the Professional account, Merlion Global broker provides Raw spreads from 0.0 pips with a $5 commission.

Merlion Global; Company Information and Regulation

Merlion Global is a brokerage company founded in 2018 as an XAU Merlion Financial Co. Ltd subsidiary with headquarters in Phnom Penh.

The broker holds regulatory approval from the Securities and Exchange Regulator of Cambodia (SERC).

Additionally, it maintains a registered entity in Mauritius, authorized by the Financial Services Commission (FSC), operating under company registration number C192249.

With offices in Cambodia, Mauritius, Malaysia, and the Philippines, Merlion Global serves traders in the Asia-Pacific region.

While the Merlion Global is regulated in Cambodia and Mauritius, it is important to note that these are considered Tier-3 regulatory jurisdictions, offering a lower degree of investor protection compared to Tier-1 frameworks like the FCA or ASIC.

The broker has positioned itself as an accessible choice for retail clients, offering low-cost entry to forex and CFD markets through a growing regional presence. Key features of Merlion Global:

• Regulated by the Financial Services Commission (FSC) of Mauritius with license No. GB22200775
• Licensed by the Securities & Exchange Regulator of Cambodia (SERC) with license No. 015
• Raw spreads
• AI-powered copy trading

Merlion Global Table of Specifications

The Forex broker offers leverage options of up to 1:400 to trade currencies and CFDs. Let’s see what other attractive features the company brings to the table.

Trading Accounts

In addition to free demo accounts, Merlion Global offers two types of live trading accounts: Standard and Professional.

The Standard account features a one-pip spread mark-up with zero commissions, making it ideal for retail traders.

The Professional account offers raw spreads, a $5 commission, and no trading limits, catering to high volume traders.

Merlion Global Islamic Account

Merlion Global does not explicitly advertise an Islamic account or swap-free option on its website. Traders adhering to Shariah law should contact customer support to confirm whether such accounts can be arranged on request.

Merlion Global Broker Pros & Cons

Offering a wide range of promotions, such as Gold Bar giveaway, and a copy trading service are some of the bright points in this Merlion Global review.

However, like any other financial service provider, The broker has some weaknesses, too.

Registration and KYC

Merlion Global offers streamlined onboarding for traders looking to explore instruments across Forex, commodities, indices, stocks, and crypto.

With just a few clicks, users can set up a demo account and reach their trading dashboard without delays.

#1 Navigate to the registration section

Head over to the official Merlion Global website, locate the "Register" tab, and select "Open Demo Account" to initiate your application.

#2 Fill in essential details

Complete the form with your:

• Full name
• Email address
• Phone number
• Country of residence
• Account type (Individual or Corporate)
• Password (secure and unique)

Accept the platform’s terms and hit "Sign Up".

#3 Access Your Dashboard

Use your email and password to log into the Merlion Global dashboard—your central hub for managing trades and starting the verification process for live trading.

Provide your personal information and source of funds, then upload supporting documents:

• Proof of ID: Passport or Driving license
• Proof of Residence: Utility bill or Bank statement

Merlion Global Trading Platform Offerings

The broker provides access to the robust MetaTrader 4 alongside the Clear Pro Trader platform, which is not globally recognized.

• MetaTrader 4 (MT4): A trusted industry standard that is known for its charting tools, Expert Advisors (EAs), and customizable interface;
• Merlion Clear Pro Trader: Merlion’s proprietary platform is tailored for professionals. It supports direct market access (DMA), fast execution, and advanced charting features.

MT4 download links:

• MT4 Android
• MT4 iOS

TradingFinder has developed multiple MT4 indicators that you can use for free. You can also use our MT4 tutorials to expand your knowledge about the platform’s features.

Merlion Global Fees Explained

As mentioned earlier in this Merlion Global review, the broker provides commission-free trading through its Standard account.

However, the Professional account comes with a $5 commission. What are the spreads on these two account types?

• The Professional account features Raw spreads from 0.0 pips;
• The Standard account’s spreads include a 1.0 pip markup.

Payment Methods

Merlion Global broker offers a diverse array of payment options, from international bank transfers to E-Wallets, to cater to its global clientele.

Copy Trading Service

Merlion Copy Trade is the broker's social trading platform, designed to bridge the gap between novice and experienced traders.

• Zero entry barrier
• Fees after profits
• Ability to set the Lot Allocation Ratio
• Withdrawal at any time

Merlion Global Trading Assets

Merlion Global supports five asset classes, includingthe Forex market, CFDs on indices, precious metals, energies, and cryptocurrencies. The variety of trading instruments allows for different strategies and portfolio diversification.

• Forex: 50+ major and cross currency pairs
• Indices: AUS200, DE30, NAS100, HK50, JPN225, UK100, US30, and US500
• Metals: Gold (XAUUSD) and Silver (XAGUSD)
• Energy: WTI and BRENT
• Crypto: CFDs on BTC, BCH, and ETH

Merlion Global Promotional Programs

The lack of tier-1 licensing becomes an advantage when it comes to promotions.

The broker offers various bonus programs, including giveaways and trading credits.

• Gold Bar Giveaway: Pure gold bar to 100 clients with a new deposit of $1,000
• Trading Credit: 20% deposit bonus up to $10,000
• Fixed Gold Spread: Gold trading with zero commissions and 2.8 pips fixed spread
• Trader's Contest: Seasonal trading tournaments

How to Reach Customer Support?

Merlion Global broker boasts 24/5 customer service through its online chat feature, available on the client dashboard.

Restricted Countries on Merlion Global

The broker has implemented regional restrictions due to regulatory requirements and local laws. Merlion Global restricted jurisdictions:

• North Korea
• Congo
• Iran
• Libya
• Afghanistan
• Cuba
• Mali
• Syria
• Sudan
• South Sudan
• Yemen
• Somalia
• Russia
• Belarus
• Venezuela
• United States
• EEA (European Economic Area)

User Satisfaction

There are not many Merlion Global reviews on the internet since the broker is a new player in the industry. TrustPilot and Forex Peace Army have not listed the company on their platforms.

However, Merlion Global's presence in international events, such as Forex Expo 2023 Dubai, and its prestigious awards, including Best Forex Broker Asia 2023, speak to the broker’s reliability.

Does Merlion Global Offer Educational Materials?

The company provides educational resources through the Merlion Trading Academy, covering risk management, trading basics, and strategies. The broker also offers additional tools and content, including:

• Economic calendar
• MT4 tutorials
• Market news

You can use TradingFinder’s Forex Education section to familiarize yourself with the market and its trading conditions.

Merlion Global Comparison Table

The table below compares Merlion Global's offerings with three popular Forex brokers:

Expert’s Suggestion

Merlion Global provides access to five asset classes, including Forex and Crypto, with leverage options of up to 1:400.

The broker utilizes the MT4 platform to offer two account types with a minimum deposit requirement of $10.