El Mercado Account Type

El Mercado offers a range of trading accounts designed to cater to different investment needs. The account types include:

• Standard Account
• Minimum Deposit: $25 USD
• Spreads: Starting from 1.2 pips
• Commission: Zero
• Swaps: Zero (Islamic account)
• Instruments: Currencies, commodities, indices, stocks, and cryptocurrencies (80+ instruments available)
• Maximum Leverage: 1:400
• Execution Type: ECN / STP
• Minimum Trade Size: 0.01 lot
• Pro Account
• Minimum Deposit: $25 USD
• Spreads: Starting from 0 pips
• Commission: $12 per standard lot
• Swaps: Zero (Islamic account)
• Instruments: Currencies, commodities, indices, stocks, and cryptocurrencies (80+ instruments available)
• Maximum Leverage: 1:400
• Execution Type: ECN / STP
• Minimum Trade Size: 0.01 lot
• VIP Account
• Minimum Deposit: $100,000 USD
• Spreads: Starting from 0.6 pips
• Commission: Zero
• Swaps: Zero (Islamic account)
• Instruments: Currencies, commodities, indices, stocks, and cryptocurrencies (80+ instruments available)
• Maximum Leverage: 1:400
• Execution Type: ECN / STP
• Minimum Trade Size: 0.01 lot
• VIP Pro Account
• Minimum Deposit: $100,000 USD
• Spreads: Starting from 0 pips
• Commission: $6 per standard lot
• Swaps: Zero (Islamic account)
• Instruments: Currencies, commodities, indices, stocks, and cryptocurrencies (80+ instruments available)
• Maximum Leverage: 1:400
• Execution Type: ECN / STP
• Minimum Trade Size: 0.01 lot

El Mercado Broker Account Opening Process

Opening a trading account with El Mercado involves a straightforward process:

• Visit the Website: Go to the El Mercado website and navigate to the "Open an Account" section.
• Provide Personal Information: Fill out the online application form with your personal details, including full name, date of birth, residential address, contact information, and identification documents.
• Select Account Type: Choose the account type that aligns with your investment goals and preferences.
• Submit Documentation: Upload the required documents to verify your identity and address. This typically includes a copy of your ID and proof of address (e.g., utility bill).
• Agree to Terms and Conditions: Review and accept El Mercado's terms and conditions related to account opening and maintenance.
• Confirmation and Activation: Await confirmation from El Mercado regarding the approval and activation of your account. You will receive further instructions via email or through the online portal.

By following these steps, you can efficiently open your trading account and start your investment journey with El Mercado.