Mercury Account Type

Mercury offers two primary account types for traders: Private Account and Corporate Account.

• Private Account:
• Minimum Deposit: $250
• Leverage: Up to 1:500
• Spreads: Start from 1.0 pips
• Commissions: None
• Suitable for: Retail traders looking for lower initial deposit requirements and competitive leverage options.
• Corporate Account:
• Minimum Deposit: $50,000
• Leverage: Up to 1:1000
• Spreads: Start from 0.8 pips
• Commissions: None
• Suitable for: Professional and institutional traders seeking enhanced leverage and tighter spreads.

Mercury Broker Account Opening Process

To open a Mercury brokerage account, follow these steps:

• Visit the Mercury Website: Locate the "Sign Up" button on their homepage.
• Select Account Type: Choose between a Private Account or Corporate Account.
• Complete the Application: Fill out the required information including:
• Personal details (name, email, etc.)
• Business details (for Corporate Accounts)
• Ownership information, including percentage ownership.
• Upload Required Documents: Depending on the account type, you may need to provide:
• Business formation documents (e.g., Articles of Incorporation).
• Employer Identification Number (EIN).
• Valid government-issued ID (passport for foreigners).
• Verification Process: Mercury will review your application, which typically takes 1-3 business days. Additional documentation may be requested.
• Access Your Account: Once approved, you will receive access to your Mercury dashboard for managing your trading activities.

For more detailed information, feel free to visit the official Mercury website.