Merligen broker Accounts

merligen Account Types & Opening Guide 2025: Complete Comparison and Registration Steps

Part 1: merligen Account Types Explained

Available Account Types

1. Standard Account

• Minimum Deposit Requirement: $100
• Spread/Commission Structure: Variable spreads starting from 1.5 pips
• Leverage Options: Up to 1:500
• Key Features: Access to all trading instruments, educational resources, and customer support.
• Target User Profile: Beginners and intermediate traders.
• Trading Instruments Available: Forex, commodities, indices, and cryptocurrencies.

1. ECN Account

• Minimum Deposit Requirement: $500
• Spread/Commission Structure: Raw spreads starting from 0.0 pips with a commission of $3 per lot.
• Leverage Options: Up to 1:200
• Key Features: Direct market access, lower spreads, and faster execution.
• Target User Profile: Advanced traders and scalpers.
• Trading Instruments Available: Forex, commodities, indices.

1. Pro Account

• Minimum Deposit Requirement: $1,000
• Spread/Commission Structure: Competitive spreads starting from 0.1 pips with a commission of $2 per lot.
• Leverage Options: Up to 1:300
• Key Features: Enhanced trading tools and analytics, priority customer support.
• Target User Profile: Professional traders and institutions.
• Trading Instruments Available: Forex, commodities, indices, and stocks.

1. Islamic Account

• Minimum Deposit Requirement: $500
• Spread/Commission Structure: Similar to Standard or ECN accounts, but swap-free.
• Leverage Options: Up to 1:500
• Key Features: Compliant with Sharia law, no swap fees.
• Target User Profile: Muslim traders looking for compliant trading options.
• Trading Instruments Available: Forex, commodities, indices.

1. Demo Account

• Minimum Deposit Requirement: Virtual funds (usually $10,000)
• Spread/Commission Structure: Same as live accounts.
• Leverage Options: Same as live accounts.
• Key Features: Risk-free trading environment, access to all trading tools.
• Target User Profile: Beginners and those testing strategies.
• Trading Instruments Available: All instruments available in live accounts.

Account Type Comparison Table

Recommended Account Types by Trader Level

• Beginners: Standard Account
• Intermediate Traders: Standard or Demo Account
• Advanced Traders: ECN Account
• Professional Traders: Pro Account
• Muslim Traders: Islamic Account

Part 2: Detailed merligen Account Features

Feature Comparison Across Account Types

• Minimum Deposit:

• Standard: $100

• ECN: $500

• Pro: $1,000

• Islamic: $500

• Demo: Virtual funds

• Maximum Leverage:

• Standard: Up to 1:500

• ECN: Up to 1:200

• Pro: Up to 1:300

• Islamic: Up to 1:500

• Demo: Same as live accounts

• Spreads (Typical/Minimum):

• Standard: From 1.5 pips

• ECN: From 0.0 pips

• Pro: From 0.1 pips

• Islamic: Similar to Standard/ECN

• Commission Fees:

• Standard: None

• ECN: $3 per lot

• Pro: $2 per lot

• Islamic: None

• Lot Size:

• Standard: Micro, Mini, Standard

• ECN: Micro, Mini, Standard

• Pro: Micro, Mini, Standard

• Islamic: Micro, Mini, Standard

• Demo: Micro, Mini, Standard

• Available Trading Platforms:

• Standard: MT4, MT5

• ECN: MT4, MT5

• Pro: MT4, MT5

• Islamic: MT4, MT5

• Demo: MT4, MT5

• Execution Type:

• Standard: Market

• ECN: ECN

• Pro: Market

• Islamic: Market

• Demo: Market

• Islamic Account Availability:

• Standard: Yes

• ECN: Yes

• Pro: Yes

• Islamic: N/A

• Demo: N/A

• Swap-free Options:

• Standard: Yes

• ECN: Yes

• Pro: Yes

• Islamic: N/A

• Demo: N/A

• Demo Account Features:

• Virtual balance, access to all instruments, unlimited duration.

Advantages of Each Account Type

• Standard Account:

• Low minimum deposit

• User-friendly for beginners

• Access to educational resources

• Wide range of instruments

• ECN Account:

• Tight spreads

• Fast execution speeds

• Direct market access

• Suitable for scalping

• Pro Account:

• Low commission fees

• Advanced trading tools

• Priority support

• Suitable for high-volume trading

• Islamic Account:

• Compliant with Sharia law

• No swap fees

• Access to all trading instruments

• Flexible leverage options

• Demo Account:

• Risk-free trading environment

• Practice strategies without financial risk

• Access to all trading tools

• Unlimited duration for practice

Disadvantages of Each Account Type

• Standard Account:

• Higher spreads compared to ECN

• Limited advanced features

• ECN Account:

• Higher minimum deposit

• Commission fees may apply

• Pro Account:

• Higher minimum deposit

• May not be suitable for casual traders

• Islamic Account:

• Limited availability for non-Muslim traders

• May have higher spreads

• Demo Account:

• No real financial gain

• Limited to virtual funds

Part 3: merligen Account Registration Requirements

Eligibility Criteria

• Age Requirements: Must be at least 18 years old.
• Geographic Restrictions: Services may not be available in certain countries; check local regulations.
• Prohibited Countries: Specific countries may be restricted; refer to merligens website for details.
• Identity Verification Documents Needed: Government-issued ID (passport or driver's license).
• Proof of Residence Requirements: Utility bill or bank statement showing your name and address.
• Additional Documentation for Professional Accounts: Business registration documents or financial statements may be required.

KYC/AML Compliance Procedures

• All clients must complete Know Your Customer (KYC) and Anti-Money Laundering (AML) checks.
• Clients may be required to provide additional documentation during the verification process.

Verification Time Frames

• Account verification typically takes 1-3 business days, depending on the completeness of documentation submitted.

Part 4: Step-by-Step merligen Account Opening Guide

Registration Process

1. Visit Website and Click Registration: Go to the official merligen website and click on the registration button.
2. Personal Information Entry: Fill out personal details including name, email, and phone number.
3. Choose Account Type: Select the desired account type (Standard, ECN, Pro, Islamic, or Demo).
4. Set Trading Preferences: Indicate your trading preferences and risk tolerance.
5. Document Upload: Upload required identification and proof of residence documents.
6. Account Verification: Wait for the verification process to complete.
7. Fund Your Account: Deposit the minimum required amount to activate your account.
8. Start Trading: Once funded, you can start trading on your selected platform.

Desktop vs Mobile Registration Differences

• The registration process is similar on both desktop and mobile platforms, but mobile may have additional verification steps via SMS or app notifications.

Common Registration Issues and Solutions

• Issue: Document upload fails.
• Solution: Ensure documents are clear and in the correct format (PDF, JPEG).
• Issue: Verification delays.
• Solution: Contact customer support for status updates.

Average Account Approval Time

• Most accounts are approved within 1-3 business days, depending on the completeness of the application.

How to Upgrade/Downgrade Account Types

• Contact customer support to request an upgrade or downgrade. Additional documentation may be required based on the new account type.

Part 5: merligen Demo Account Guide

Demo Account Features and Benefits

• Provides a risk-free environment to practice trading.
• Access to all trading tools and instruments available in live accounts.
• Ideal for beginners to learn trading strategies without financial risk.

How to Open a Demo Account

• Visit the merligen website and select the demo account option.
• Complete the registration form and submit.

Demo Account Limitations

• Virtual funds may be limited (e.g., $10,000).
• No real financial gains from trades.

Virtual Balance Amount

• Typically set at $10,000 for practice purposes.

Demo vs Live Account Differences

• Demo accounts use virtual funds; live accounts require real money deposits.
• Live accounts may incur fees and commissions, while demo accounts do not.

Duration/Expiry of Demo Accounts

• Demo accounts may remain active for a limited time (e.g., 30 days) unless extended.

Part 6: merligen Islamic Account Details

Swap-free/Islamic Account Availability

• Yes, merligen offers Islamic accounts that comply with Sharia law.

Eligibility Requirements

• Must be a Muslim trader to apply for an Islamic account.

Differences from Standard Accounts

• Islamic accounts do not incur swap fees, making them compliant with Islamic finance principles.

How to Apply for Islamic Account

• Select the Islamic account option during the registration process and provide necessary documentation.

Restrictions or Special Conditions

• Islamic accounts may have specific trading conditions or limitations; check with customer support for details.

FAQs – merligen Account Types & Opening

1. What account types does merligen offer？

• merligen offers Standard, ECN, Pro, Islamic, and Demo accounts.

1. What is the minimum deposit for each account type？

• Standard: $100, ECN: $500, Pro: $1,000, Islamic: $500, Demo: Virtual funds.

1. How long does merligen account verification take？

• Verification typically takes 1-3 business days.

1. Does merligen offer demo accounts？

• Yes, merligen provides demo accounts for practice trading.

1. Can I have multiple account types with merligen？

• Yes, clients can open multiple account types.

1. Does merligen offer Islamic/swap-free accounts？

• Yes, merligen offers Islamic accounts that are compliant with Sharia law.

1. What documents do I need to open a merligen account？

• A government-issued ID and proof of residence are required.

1. Can I change my account type after registration？

• Yes, you can request to upgrade or downgrade your account type through customer support.