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Mercados G foreign exchange brokers specializing in providing foreign exchange trading services, the company's official website https://mercadosg.com/registro-mt5/, about the company's legal and temporary regulatory information, the company's address Alonso de Córdova 5870 oficina 719, Las Condes.

Mercados G Forex Broker

Basic Information

Registered Region

Chile

Operating Period

Company Name

Mercados G

Abbreviation

Mercados G

Company employee

Company Website

http://www.mercadosg.com

Company address

Alonso de Córdova 5870 oficina 719, Las Condes

Facebook

https://www.facebook.com/mercadosg/

https://twitter.com/mercadosgcom?lang=es

Keywords

5-10 years

Suspicious Regulatory License

MT5 Full License

Regional Brokers

High potential risk

Company profile

Mercados G Review Summary Registered Country/Region Chile Regulation No Regulation Market Instruments 15 for Initial Account, 200+ for Pro and Expert Account Demo Account Available Spread 0.6 pips for USD/CLP in Initial Account Trading Platforms MetaTrader 5 Minimum Deposit $100,000 Customer Support Phone: +569 64913142 Whatsapp, Twitter, Facebook What is Mercados G？ Mercados G is a Chilean brokerage firm offering access to the financial markets. The platform caters to both beginners and seasoned traders, offering a demo account for practice and a tiered account system with 15 instruments for Initial Account holders and over 200 instruments for Pro and Expert Account holders. It also utilizes the widely recognized MetaTrader 5 platform and boasts competitive spreads, particularly for the USD/CLP pair. However, Mercados G itself is not regulated by any financial authority. Pros & Cons Pros Cons Tiered Accounts Lack of Regulation Competitive Spread Limited Information Fast Transactions High Minimum Deposit MetaTrader 5 Platform Pros: Tiered Accounts: They cater to different experience levels with varying account options. Beginners can start with a smaller selection of instruments, while experienced traders have access to a wider range. Competitive Spread: Offers a competitive spread of 0.6 pips for USDCLP trades in the Initial Account, which can be appealing to cost-conscious traders. Fast Transactions: Deposits and withdrawals are processed within 24 business hours. MetaTrader 5 Platform: Utilizes MetaTrader 5 as its trading platform, known for its advanced charting and analysis tools, providing traders with a robust trading experience. Cons: Lack of Regulation: Mercados G operates without regulatory oversight, which indicates risks to the safety and security of funds. Limited Information: There is no information about specific market instruments and detailed fee structure, which makes it challenging to fully assess the platform. High Minimum Deposit: The minimum deposit to open an account is $100,000. This is a significant barrier to entry. Is Mercados G Legit or a Scam？ We can not determine the legitimacy of Mercados G due to several red flags. It operates without regulatory oversight, which impacts the platform's adherence to industry standards and the safety of funds. Additionally, transparency is also crucial in assessing Mercados G's legitimacy. Legitimate trading platforms typically provide clear and detailed information about their services, fees, and trading conditions. Mercados G lacks transparency in these areas by not providing specific information about market instruments or detailed fee structures. Market Instruments Mercados G claims to offer a variety of market instruments for traders. Initial Account holders have access to 15 instruments, while Pro and Expert Account holders can trade over 200 instruments. However, specific details about the instruments are available on its website. Account Types Mercados G's tiered account system caters to traders at different stages of their trading journey, providing a range of options to suit varying needs and preferences. The Initial Account is designed for traders who are just starting and prefer a lower initial investment. With a minimum balance requirement of $100,000 and a maximum of $500,000, this account provides a manageable entry point into trading. The Pro Account is suited for traders with more experience and a higher trading volume. With a minimum balance requirement of $100,000 and no maximum limit, this account offers flexibility for traders looking to grow their investments. The Expert Account is designed for highly experienced traders and those with a larger trading volume. With a minimum balance requirement of $10,000,000 and no maximum limit, this account is suited for traders with significant capital to invest. How to Open a Mercados G Account？ To open an account with Mercados G, you can follow a simple three-step process. First, you need to provide your basic information and contact information, including your name, surname, telephone number, and email address. This step helps Mercados G verify your identity and contact information. Next, you also need to fill in your additional information, including RUT number, region, municipality, address, and profession or occupation. Finally, you'll need to upload clear images of the front and back of your ID (Cédula de Identidad) in JPG, PDF, or PNG format. This is a standard procedure to ensure compliance with regulatory requirements and to prevent fraud. Additionally, you'll be asked to select how you heard about Mercados G and enter any promotional code you may have. You'll also need to confirm that you have read and agree to the Risk Annex, relevant data terms, and the Account Opening Contract with Mercados G. Once you have completed these steps, you can submit your application and wait for approval. Spreads & Commissions Mercados G does not charge commissions for trading. Instead, they offer competitive spreads on their trading instruments. For example, the spread for USDCLP trades in the Initial Account is 0.60 pips. The Pro Account offers a spread of 0.40 pips for USD/CLP trades, while the Expert Account provides the lowest spread of 0.26 pips for the same currency pair. Trading Platforms Mercados G offers the MetaTrader 5 trading platform, a popular choice among traders for its advanced features and user-friendly interface. MetaTrader 5 provides traders with access to a wide range of trading instruments, including Forex, stocks, commodities, and indices. The platform offers advanced charting tools, technical analysis indicators, and trading signals, allowing traders to make informed decisions. Deposits & Withdrawals To deposit funds into your Mercados G trading account, you can choose between two main options. Mercados G claims to process deposits and withdrawals of capital in less than 24 business hours, providing traders with a quick and efficient way to manage their funds. Account Transfer: This option allows you to transfer funds from your local bank account in Chilean Pesos directly to your Mercados G trading account. Additionally, Mercados G also offers the option to make account transfers in Dollars. This allows you to transfer funds in US Dollars directly to your Mercados G trading account Webpay: Webpay is an online payment platform that allows you to make instant deposits into your Mercados G trading account using your credit or debit card. Customer Service Mercados G offers multiple channels for customer support to assist traders with their inquiries and concerns. You can reach their support team via phone at +569 64913142 for direct assistance with any questions or issues you may have. You can also reach its support on WhatsApp via the same number. Additionally, Mercados G provides support through popular social media platforms like Twitter and Facebook. Conclusion In conclusion, Mercados G is a brokerage firm that offers access to the financial markets through a variety of account options and the MetaTrader 5 trading platform. However, there are concerns regarding its legitimacy due to the lack of regulatory oversight. Transparency is another major concern. The lack of details about the specific instruments and the fee structure makes it difficult to fully assess the platform and potential costs. Considering these factors, it's advisable to prioritize established and regulated brokers. Frequently Asked Questions (FAQs) Q: Is Mercados G regulated？ A: No, Mercados G operates without any regulation. Q: Does Mercados G offer a demo account？ A: Yes. Q: What trading platform does Mercados G support？ A: Mercados G utilizes the MetaTrader 5 trading platform. Q: How long does it take for deposits and withdrawals to be processed on Mercados G？ A: Mercados G aims to process deposits and withdrawals of capital in less than 24 business hours. Q: What is the minimum deposit required to open an account with Mercados G？ A: $100,000. Risk Warning Online trading involves significant risk, and you may lose all of your invested capital. It is not suitable for all traders or investors. Please ensure that you understand the risks involved and note that the information provided in this review may be subject to change due to the constant updating of the company's services and policies.

Mercados G broker review

Is Mercados G safe or scam

Rating Index

How to login to Mercados G?

Mercados G Complete Account Guide: Registration, Account Opening, and Login Processes Part One: Account Registration Process How to Register a Mercados G Account Registering for a Mercados G account is the first step toward accessing a wide range of trading services. Follow these detailed steps to s

Mercados G Forex Broker - Complete Information Guide

1. Company Overview

　　Mercados G is a forex brokerage firm established in 2009, headquartered in Chile at Alonso de Córdova 5900, Office 602, Las Condes. The broker operates as a private entity and primarily serves clients within the Chilean market, offering a range of trading services to both retail and institutional clients. Over the years, Mercados G has aimed to provide competitive trading solutions, although it has faced challenges regarding regulatory compliance.

　　The company has developed its operations significantly since its inception, focusing on providing access to various financial instruments, including forex, commodities, indices, and contracts for difference (CFDs). Despite its growth, it is important to note that Mercados G has not yet achieved a robust regulatory status, which has raised concerns among potential clients. The broker is associated with the IG Group, a well-known entity in the financial derivatives trading space, which adds a level of credibility to its operations.

　　As a forex broker, Mercados G offers a trading platform that facilitates access to the forex market, catering to both novice and experienced traders. The company has made strides in enhancing its service offerings, but the lack of proper regulation remains a significant aspect of its business model.

2. Regulatory and Compliance Information

　　Mercados G operates in a regulatory environment that raises several concerns. The broker is unregulated, which means it does not fall under the oversight of any recognized financial authority. This lack of regulation can pose risks for traders, as there is no independent body to ensure compliance with industry standards.

　　The broker claims to be regulated in Chile, but there is no verifiable regulatory number or license provided to support this claim. Furthermore, it has been suggested that the company may also reference regulatory frameworks from the United Kingdom, yet again, no concrete evidence has been presented.

　　In terms of client fund protection, Mercados G does not have a clear policy for segregating client funds, which means that investor deposits may not be safeguarded against the broker's operational risks. Additionally, there is no participation in any investor compensation schemes, which could provide some level of protection in the event of insolvency.

　　Mercados G implements Know Your Customer (KYC) and Anti-Money Laundering (AML) measures as part of its compliance strategy, but the effectiveness and transparency of these measures are questionable due to the lack of regulatory oversight.

3. Trading Products and Services

　　Mercados G offers a diverse range of trading products to its clients. The broker provides access to over 20 forex currency pairs, including major, minor, and exotic pairs tailored for the Chilean market. Notably, it offers unique currency pairs such as USD/CLP (Chilean Peso) and EUR/CLP, which are not commonly available through other brokers.

　　In addition to forex trading, Mercados G offers Contracts for Difference (CFDs) across various asset classes, including commodities, indices, and even cryptocurrencies. The cryptocurrency offerings include major digital currencies like Bitcoin, Ethereum, and Ripple, although they are not available for trading 24/7, which may limit trading opportunities for certain clients.

　　The broker's product range is designed to cater specifically to the needs of its Chilean clientele, providing access to local assets and unique trading opportunities. However, the broker's product offerings are not as extensive as some of its competitors, which may limit trading strategies for more experienced traders.

　　Mercados G updates its product offerings periodically, but specific details on the frequency of these updates are not readily available. The broker does not provide any institutional services or white-label solutions, focusing primarily on retail trading.

4. Trading Platforms and Technology

　　Mercados G primarily supports the MetaTrader 5 (MT5) platform, which is known for its advanced trading capabilities and user-friendly interface. The broker does not offer the older MetaTrader 4 (MT4) platform, which is still popular among many traders. The MT5 platform allows for automated trading, advanced charting tools, and a variety of technical indicators, making it suitable for both novice and experienced traders.

　　In addition to the MT5 platform, Mercados G has developed a proprietary web-based trading platform that is linked to its operations. However, specific details regarding this platform's features and functionalities are limited. Users can access the MT5 platform on both desktop and mobile devices, with applications available for iOS and Android.

　　The execution model employed by Mercados G is primarily ECN (Electronic Communication Network), which allows for direct market access and better pricing transparency. The broker claims to offer competitive execution speeds, although specific metrics are not disclosed.

　　Mercados G provides API access for automated trading, but detailed documentation and support for this feature are not extensively covered. The broker's technological infrastructure appears to be adequate for standard trading operations, but the lack of detailed information may raise concerns for tech-savvy traders.

5. Account Types and Trading Conditions

　　Mercados G offers two primary account types on the MT5 platform: the Intro Account and the Executive Account. The Intro Account has no minimum deposit requirement, making it accessible for beginners. The Executive Account requires a minimum deposit of 5,000,000 Chilean Pesos (approximately $7,000 USD), aimed at more serious traders seeking better trading conditions.

　　The trading conditions include variable spreads, which can vary significantly depending on market conditions. For example, the EUR/USD spread ranges from 2 to 3 pips, while more exotic pairs may have tighter spreads. The Executive Account offers lower spreads compared to the Intro Account, providing a better cost structure for active traders.

　　Mercados G allows for various trading strategies, including Expert Advisors (EAs) and scalping. The minimum trade size is set at 0.1 lots, which may be considered rigid for traders looking for finer risk management options. Leverage is capped at 1:100, and it can vary depending on the asset being traded.

　　The broker does not charge commissions, relying instead on spreads as the primary cost of trading. Overnight fees (swap rates) are applicable, but specific rates can vary based on the asset class.

6. Fund Management

　　Mercados G supports several deposit methods, including bank transfers and credit cards. However, it is important to note that the broker primarily accepts deposits from clients with bank accounts in Chile, which may limit access for international clients. The minimum deposit requirements vary by account type, with the Intro Account having no minimum and the Executive Account requiring 5 million CLP.

　　Deposit processing times are generally quick, but specific timelines are not disclosed. The broker does not charge any fees for deposits, although clients may incur charges from their banks.

　　For withdrawals, Mercados G only allows bank transfers, with no option for credit card or e-wallet withdrawals. The processing time for withdrawal requests can take up to 7 business days, but the broker claims to process requests within 24 hours on their end. There are no withdrawal fees charged by Mercados G, although clients should be aware that their banks may impose fees.

7. Customer Support and Educational Resources

　　Mercados G offers customer support through multiple channels, including phone, email, and online chat. The support team is available during business hours, but specific service hours and time zone coverage are not clearly stated. The broker provides support in Spanish, which may limit assistance for non-Spanish speaking clients.

　　In terms of educational resources, Mercados G has a section on its website dedicated to trader education. This includes various materials aimed at beginners, such as tutorials, webinars, and market analysis. However, the quality and relevance of these resources have been criticized, with some materials reportedly being outdated.

　　The broker also offers market analysis services, including daily reports and news updates. Traders can access tools such as economic calendars and trading calculators to assist in their trading decisions.

8. Regional Coverage and Restrictions

　　Mercados G primarily serves clients from Chile, with no indication of expanding its services to other regions. The company has a physical presence in Chile, but there is limited information on any regional offices outside of its headquarters.

　　The broker does not accept clients from certain jurisdictions, although specific countries or regions are not explicitly listed. Potential clients should verify their eligibility before attempting to open an account with Mercados G.

　　In summary, while Mercados G broker offers a range of trading products and services tailored to the Chilean market, the lack of regulation and transparency raises concerns for potential clients. It is crucial for traders to conduct thorough research and consider their options before committing to this broker.

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