Rating Index
Pros
Use of MetaTrader 4 platform, which offers a range of features for enhanced trading experience.
Demo account available with favorable spreads, allowing traders to practice without financial risk.
Wide selection of trading instruments, including forex pairs and CFDs on indices and commodities.
Cons
Unregulated broker, posing a risk to traders' funds and lacking legal protections.
No clear information on trading conditions or account types available on the website, leading to uncertainty for potential clients.
Unknown payment methods for deposits and withdrawals, creating potential issues for users regarding fund accessibility.
Mercado broker Accounts
GFC Mercado Account Type
GFC Mercado offers four different account types to cater to various trading needs:
- Standard Account
- Minimum Balance: $25 USD
- Spreads Starting From: 1.2 pips
- Commission: Zero
- Swaps: Zero (Islamic account available)
- 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 Balance: $25 USD
- Spreads Starting From: 0 pips
- Commission: $12 per standard lot
- Swaps: Zero (Islamic account available)
- 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 Balance: $100,000 USD
- Spreads Starting From: 0.6 pips
- Commission: Zero
- Swaps: Zero (Islamic account available)
- 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 Balance: $100,000 USD
- Spreads Starting From: 0 pips
- Commission: $6 per standard lot
- Swaps: Zero (Islamic account available)
- Instruments: Currencies, commodities, indices, stocks, and cryptocurrencies (80+ instruments available)
- Maximum Leverage: 1:400
- Execution Type: ECN/STP
- Minimum Trade Size: 0.01 lot
- Visit the Website: Go to the GFC Mercado website.
- Choose Account Type: Select the account type that suits your trading needs (Standard, Pro, VIP, or VIP Pro).
- Fill Out Application: Complete the online application form with your personal details, including your name, email, and phone number.
- Submit Required Documents: Provide necessary identification documents for verification.
- Deposit Minimum Balance: Fund your account with the required minimum balance for the selected account type.
- Start Trading: Once your account is verified and funded, you can begin trading on the platform.
GFC Mercado Broker Account Opening Process
To open an account with GFC Mercado, follow these steps:
For more details, you can visit their official website: GFC Mercado Accounts.
Mercado Similar Broker Accounts
Explore broker markets account types: forex/trading accounts with demo access.
Mercado accounts can be viewed for products that can be traded accounts with a minimum deposit of by (2+) .