XAU Merlion Financial Account Type

XAU Merlion Financial offers two main types of trading accounts: the Standard Account and the Professional Account.

• Standard Account:
• Minimum Deposit: $10
• Leverage: Up to 1:400
• Commission: Commission-free
• Spread: Spreads starting from 1 pip
• Minimum Lot Size: 0.01 lots
• Professional Account:
• Minimum Deposit: $10
• Leverage: Up to 1:400
• Commission: $5 per lot
• Spread: No spreads
• Minimum Lot Size: 0.01 lots

Both account types allow trading in various instruments, including forex, CFDs on commodities, and cryptocurrencies.

XAU Merlion Broker Account Opening Process

To open an account with XAU Merlion Financial, follow these steps:

• Visit the Website: Go to the official XAU Merlion website.
• Select Account Type: Choose between the Standard Account or the Professional Account.
• Fill Out the Registration Form: Complete the online registration form with personal information.
• Upload Required Documents: Provide proof of identity (e.g., a color copy of your ID or passport) and proof of residence (e.g., a recent utility bill).
• Verification: Your submitted documents will be reviewed for compliance with KYC (Know Your Customer) regulations.
• Initial Deposit: Fund your account with the minimum deposit of $10.
• Start Trading: Once your account is verified, you will receive your login details to access the trading platform.

The entire process is designed to be straightforward and can typically be completed digitally.