Merlion Global is a forex and contract for difference (CFD) broker that was registered in Cambodia on May 9, 2018. The company primarily offers financial trading services such as forex, indices, precious metals, and crude oil. Its headquarters are located in Phnom Penh, Cambodia, with branches in Mauritius, Malaysia, and the Philippines. The official website for this broker is www.merlionglobal.com, and it primarily provides services in English. Merlion Global does not offer services to residents of several countries, including North Korea, Congo, Iran, Libya, Afghanistan, Cuba, Mali, Syria, Sudan, South Sudan, Yemen, Somalia, Russia, Belarus, and Venezuela.
Company Background and Regulatory Status:
The Cambodian registered entity for Merlion Global is X A U MERLION FINANCIAL CO., LTD, with a registered address at Office No. 83A, Floor E05, Ministry of Interior, Phum 5, Tonle Basak, Chamkar Mon, Phnom Penh, 12301, Cambodia. The company registration number is 00033280, and as of October 17, 2023, the Chairman of the board for X A U MERLION FINANCIAL CO., LTD is See Neng Jian, JEFFREY. This entity is authorized and regulated by the Securities and Exchange Commission of Cambodia (SERC).
In Mauritius, Merlion Global is registered as Merlion Global, with a registration date of November 15, 2020. The company's registered address is 6 ST DENIS STREET 1/F RIVER COURT PORT LOUIS 11328 MAURITIUS, and the company registration number is C192249. As of October 17, 2023, the company's board members include DIRECTOR: PANCHOORY ANUSHA, RAMTOHUL SHANIL, SEE NENG JIAN JEFFREY; MANAGEMENT COMPANY: LOITA MANAGEMENT SERVICES LIMITED; SECRETARY: LOITA MANAGEMENT SERVICES LIMITED. This entity is authorized and regulated by the Financial Services Commission (FSC) of Mauritius.
Account Types:
Merlion Global offers two different types of trading accounts: STANDARD Account and PROFESSIONAL Account. Both account types have the following similarities: a minimum deposit of $10, a minimum trade size of 0.01 lots, a maximum leverage of 1:400, and they offer trading instruments including currency pairs and CFDs.
The differences between the two account types are as follows: STANDARD Account offers spreads starting from 1 pip and does not charge trading commissions. The maximum net position size is 100 lots, and the market execution type is STP with execution speed starting at 0.1 seconds. PROFESSIONAL Account offers spreads without mark-ups and charges a $5 trading commission per lot. There are no restrictions on the maximum net position size, and the market execution type is direct market access.
Trading Platforms:
Merlion Global provides the MT4 trading platform, available on various platforms including PC, Mac, iPhone, and Android. The broker also offers the Merlion Copy Trade™ copy trading system and a proprietary trading platform called Clear Pro, designed for professional traders. The company providing servers for MT4 users is X A U MERLION FINANCIAL CO., LTD.
Deposits and Withdrawals:
Merlion Global supports deposits and withdrawals through credit cards and bank wire transfers.
Customer Support:
Users can contact Merlion Global via phone at +230 208 9022 and email at support@merlionglobal.com.
Summary:
Traderknows advises investors to exercise caution when dealing with Merlion Global. While the company is regulated in both Cambodia and Mauritius, it's important to note that the regulatory oversight in these jurisdictions may be relatively weak. As of now, this broker is marked as "Operating Normally" on Traderknows.
