Arjun  Mandal

Reviewer:

Arjun Mandal
Eda Kaya

Fact checker:

Eda Kaya
Modified:

Merlion Global Broker Review 2025

Merlion Global Broker Review 2025
Company:Merlion Global
Founded:2018
Min Deposit:$10
Max Leverage:400
Headquarter:

Port Louis, Mauritius

US Accepted:
Signals Copy Trading Mobile Trading Crypto Trading

Investing and trading in financial markets such as the stock exchange, forex, digital currencies in the form of spot or with leverage face a high inherent risk. According to the statistics of all exchanges and brokers, more than 75% of people lose!

About
Merlion Global is a Mauritius-based brokerage company with headquarters in Cambodia and Malaysia. The award-winning broker (e.g., Cambodia’s Successful Brand 2018 and Fastest Growing Broker in Asia Pacific 2022) is regulated by FSC and SERC. MAM accounts, copy trading, and a 20% deposit bonus are some of the company’s attractive offerings.
Contact
1/F River Court, 6 St Denis Street, Port Louis 11328, Mauritius
Rank and Score
Pros and Cons
Account Types
Platforms
Pros
User-friendly platforms (MT4 & Clear Pro)
Competitive spreads from 0.0 pips
Low minimum deposit of $10
Educational resources available
Cons
Offshore regulation only
Lack of support for MT5 and TradingView
Regional restrictions on services
No weekend support
score of blog
5 From 5.0
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Rate this post
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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.

Merlion Global
Merlion Global is a Forex and CFD broker with 15K+ clients across 20+ Asia Pacific countries

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.

Broker

Merlion Global

Account Types

Standard, Professional

Regulating Authorities

FSC, SERC

Based Currencies

USD

Minimum Deposit

$10

Deposit Methods

Bank Wire, USDT, Credit/Debit Cards, Local Bank Wire

Withdrawal Methods

Bank Wire, USDT, Credit/Debit Cards, Local Bank Wire

Minimum Order

0.01 lots

Maximum Leverage

1:400

Investment Options

Copy Trading, MAM accounts

Trading Platforms & Apps

MT4, Clear Pro Trader

Markets

Forex, Indices, Metals, Crude Oil, Crypto

Spread

Variable based on the account type

Commission

Variable based on the account type

Orders Execution

Variable based on the account type

Margin Call / Stop Out

N/A

Trading Features

Mobile Trading, Copy Trading, Signals

Affiliate Program

Yes

Bonus & Promotions

Gold Bar Giveaway, Bonus Credit Deposit, Fixed Gold Spread, Trader’s Contest

Islamic Account

N/A

MAM Account

Yes

Customer Support Ways

Email, Tel, Live Chat

Customer Support Hours

24/5

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.

Features

Standard

Professional

Min Deposit

$10

$10

Min Order Size

0.01 lots

0.01 lots

Max Leverage

1:400

1:400

Execution Type

STP from 0.2 seconds

Market

Spread from (pips)

From 1.0

From 0.0

Commissions

$0

$5

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.

Merlion Global Advantages and Disadvantages
Merlion Global offers a $10,000 insurance scheme to protect clients’ funds

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

Pros

Cons

User-friendly platforms (MT4 & Clear Pro)

Offshore regulation only

Competitive spreads from 0.0 pips

Lack of support for MT5 and TradingView

Low minimum deposit of $10

Regional restrictions on services

Educational resources available

No weekend support

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".

Merlion Global Registration
You must be above 18 to sign up on Merlion Global

#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:

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.

Method

Min Deposit

Crypto (USDT)

$10

Bank Wire

$100

Visa/MasterCard

$10

Local Bank Wire (Philippines, Cambodia, Thailand, Indonesia, Vietnam, and Malaysia)

$10

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.

Merlion Global Gold Bar Giveaway
Traders with 10 lots qualify for 1G SG Merlion gold bar

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.

Email

support@merlionglobal.com

Tel

+2302089022

Live Chat

Through the “Client Area”

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)
Merlion Global Geo-Restrictions
A list of prohibited countries on Merlion Global

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.

Merlion Global Forex Expo Dubai
Merlion Global broker was present at the Forex Expo Dubai 2023

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:

Parameter

Merlion Global Broker

Exness Broker

IC Markets Broker

LiteForex Broker

Regulation

FSC, SERC

FSA, CySEC, FCA, FSCA, CBCS, FSC, CMA

FSA, CySEC, ASIC

CySEC

Minimum Spread

From 0.0 pipsFrom 0.0 pipsFrom 0.0 pipsFrom 0.0 points

Commission

Standard $0

Professional $5

From $0.2

Average $1.5

Classic $0

ECN from $5

Minimum Deposit

$10

$10

$200

$50

Maximum Leverage

1:400

Unlimited

1:500

1:30

Trading Platforms

MT4, Clear Pro Trader

Exness Trade (mobile), Exness Terminal (web), MT4, MT5

Metatrader 4, Metatrader 5, cTrader, IC Markets Mobile

MetaTrader 4, MetaTrader 5, Mobile App

Account Types

Standard, Professional

Standard, Standard Cent, pro, Raw Spread, Zero

Standard, Raw Spread, Islamic

Classic, ECN, Demo

Islamic Account

N/AYesYesNo

Number of Tradable Assets

100+

200+

2,100+

100+

Trade ExecutionMarket, InstantMarket, InstantMarket

Market

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.

FAQs

Is Merlion Global regulated?

The FSC of Mauritius and Cambodia’s SERC oversee the broker’s operation.

What's the minimum deposit?

The minimum deposit for both Standard and Professional accounts is $10.

Does Merlion Global offer cryptocurrency trading?

You can trade CFDs on BTC, ETH, and BCH.

What leverage can I use?

Depending on the instrument, the broker offers leverage options of up to 1:400.

What types of trading accounts does Merlion Global offer?

Merlion Global provides two live trading accounts: the Standard Account, offering commission-free trading with spreads from 1.0 pip, and the Professional Account, featuring raw spreads from 0.0 pips with a $5 commission per trade. Both accounts require a minimum deposit of just $10.

What trading platforms are supported by Merlion Global?

Merlion Global supports MetaTrader 4 (MT4) and its proprietary Clear Pro Trader platform. MT4 is widely known for its customizable charts and EAs, while Clear Pro Trader offers DMA, fast execution, and advanced charting, catering to professionals.

Which assets can be traded on Merlion Global?

Traders on Merlion Global can access five asset classes: Forex (50+ pairs), Indices (e.g., NAS100, DE30), Metals (XAU/USD, XAG/USD), Crude Oil (WTI, Brent), and Cryptos (BTC, ETH, BCH CFDs).

Does Merlion Global provide copy trading services?

Yes, Merlion offers a copy trading platform with zero entry barriers, performance-based fees, customizable lot allocation, and the ability to withdraw anytime. It's ideal for beginners looking to follow seasoned traders.

Is Merlion Global a safe and trustworthy broker?

Merlion Global is licensed in Cambodia and Mauritius and has a client fund protection scheme up to $10,000. However, these are Tier-3 jurisdictions, so traders should weigh the regulatory environment carefully. The broker's awards and presence at events like Forex Expo Dubai 2023 lend some credibility.

What payment methods are available for deposits and withdrawals?

Merlion Global supports Visa/MasterCard, USDT, bank wire, and local bank transfers in Southeast Asia. Most methods require a $10 minimum, except for bank wire which needs $100 minimum deposit.

Does Merlion Global support Islamic (swap-free) accounts?

The broker does not publicly advertise Islamic accounts. However, users may request swap-free conditions by contacting support directly.

What promotional offers are currently available at Merlion Global?

Merlion offers a variety of promotions including: Gold Bar Giveaway for $1,000 deposits, 20% trading credit up to $10,000, fixed gold spreads, and seasonal trading contests. These bonuses are a result of the broker’s flexible regulatory structure.

What is the trading cost structure on Merlion Global?

The Standard account charges zero commission with a spread markup of 1.0 pip. The Professional account offers 0.0 raw spreads with a $5 per lot commission. Both accounts offer STP or market execution, depending on type.

What is the minimum trade size at Merlion Global?

The minimum trade size is 0.01 lots, which is ideal for traders who want to manage their risk or test strategies with smaller capital.

Does Merlion Global offer educational materials for traders?

Yes, through its Merlion Trading Academy, the broker offers tutorials on risk management, MT4 usage, and market basics, along with a live economic calendar and news updates.

How do I register and verify my account with Merlion Global?

Traders can sign up via the broker’s website by providing name, email, phone, and password. For KYC, documents like passport and proof of residence are required. The dashboard allows users to manage accounts and start trading after verification.

What are the support options and working hours of Merlion Global?

Merlion provides 24/5 customer support via email, phone, and live chat accessible through the client dashboard. The support team operates Monday through Friday.

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