GENERAL INFORMATION
Mercato Brokers, Allegedly A Multi-asset Brokerage Registered In Iraq, Claims To Offer Its Clients A Wide Range Of Tradable Financial Instruments With Leverage Up To 1:400 And Floating Spreads On The Mt4 And Mt5 Trading Platforms Through Four Different Real Account Types.
As For Regulation, It Has Been Verified That Mercato Brokers Currently Has No Regulations In Force.
Pros And Cons
Pros
• Demo Account Available
• MT4 And MT5 Support
• Wide Range Of Trading Assets
• Multiple Account Types
Pros
• No Regulation
• Lack Of Transparency
• High Minimum Deposit
• Uncompetitive Spreads
Market Tools
> Mercato Brokers Advertises That It Offers A Wide Range Of Trading Instruments In Financial Marekt, Including Forex, Cryptocurrencies, Indices, Futures, Stocks And Metals.
Account Types
In Addition To Demo Accounts, Mercato Brokers Claims To Offer Four Types Of Trading Accounts, Namely Classic, Silver, Gold And Diamonds. The Minimum Initial Deposit For A Classic Account Is $500. Other Accounts Start At $1,000 And $10,000 Respectively, With The Exception Of Diamond Accounts, Which Clients Will Need To Call To Get More Specific Information.
Leverage
The Leverage Mercato Brokers Offers Is Capped At 1:400. It Is Important To Remember That The Greater The Leverage, The Greater The Risk Of Losing Your Deposit. The Use Of Leverage Can Be Used Both To Your Advantage And Against You.
Spreads & Commissions
All Spreads With Mercato Brokers Are Of A Floating Type And Scale Depending On The Account Offered. For Example, 2.9 Points For Classic Accounts, 2.2 Points For Silver Accounts, 1 Point For Gold Accounts, And 0.1 Points For Diamond Accounts. However, It Does Not Provide Any Information About Commissions.
Trading Platforms Available
Platforms Available For Trading Mercato Brokers Is The Most Advanced And Popular Mt4 And Mt5 In The World For PC, Web Traders, Iphone, And Android. They Are Highly Praised By Traders And Brokers For Their Ease Of Use And Powerful Features, Offering Top-notch Charts And Flexible Customization Options. They Are Especially Popular For Their Automated Trading Robots (aka Expert Advisors).
Deposit And Withdrawal
Since We Are Unable To Register An Account, We Are Also Unable To Determine The Payment Method Used By Mercato Brokers. It Is Said That The Minimum Initial Deposit Requirement Is $500.
Customer Support
Mercato Brokers Customer Support Can Be Contacted By Phone: + 964 77 0000 2988, Email: Info@mercatobrokers.com Or Send A Message Online. You Can Also Follow The Broker On Social Networks Such As Twitter, Facebook And Instagram. Company Address: 308, Building 1, City Of Dreams, Erbil, Iraq.
