General Information
Mercury FX Is A Long Established Financial Company Founded In 2007 And Based In London, UK. They Offer Forex Trading Services And Offer A Wide Range Of Financial Instruments Including Stocks, Commodities, Indices And Cryptocurrencies. The Company Caters To The Needs Of Different Types Of Traders Through Account Options, Such As Private And Corporate Accounts, Each With Specific Leverage And Spreads. It Is Worth Noting That Their Licensing Has Been Exceeded, Which Raises Potential Risk Concerns.
Traders Can Use Popular Trading Platforms Such As MetaTrader 4 And MetaTrader 5, Which Are Known For Their Ease Of Use And Versatility. They Have Expanded The Reach Of Their Offices In South Africa And Australia And Provide Customer Support Through Live Chat, Email And Phone Channels.
Pros And Cons
Mercury FX Offers A Wide Range Of Financial Instruments, Including Forex Trading Services As Well As Stocks, Commodities, Indices And Cryptocurrencies. Traders Can Choose Between Private And Corporate Accounts, Each With Different Leverage And Spreads. The Availability Of Popular Trading Platforms Such As Metatrader 4 And Metatrader 5 Ensures A User-friendly Experience For Traders At All Levels. In Addition, The Company Also Provides Customer Support Through Live Chat, Email And Phone Channels Through Support Forms. Regulation By The Financial Conduct Authority (FCA) And The Financial Sector Conduct Authority (Fsca) Adds Elements Of Trust And Compliance With Financial Standards.
Serious Concerns About Mercury FX. The Key To This Lies In Its "beyond" Licensing Status Against FCA And FSC Regulations, Indicating That Its Business Scope Is Beyond And Beyond Its Licensing Parameters. Failure To Comply With Licensing Restrictions May Create Potential Risks And Uncertainties For Traders. In Addition, Some Clients Have Complained About High Fees And Slow Withdrawals, Which May Affect The Overall Trading Experience. While The Company Offers A Range Of Financial Instruments, Leverage In Cryptocurrencies Is Limited To 1:20, Which May Not Be Sufficient For Traders Seeking Higher Leverage Opportunities.
Market Tools
Mercury FX Specializes In Forex Trading Services. They Offer A Narrower Range Of Market Tools Compared To Other Brokerages, Which Severely Limits Trading Opportunities.
Forex: Mercury FX Offers Forex Trading Services Only, Allowing Traders To Participate In The Forex Market. They Provide Access To Both Major And Minor Currency Pairs, Enabling Clients To Perform Currency Exchanges And Speculate On Currency Price Movements.
Account Types
Mercury FX Offers Two Account Types: Private And Corporate. The Details Are As Follows:
Private Account: The Offered Private Account Mercury FX Requires A Minimum Deposit Of $250. Traders Can Gain Leverage Of Up To 1:500, Allowing Them To Expand Their Positions. Spreads For This Account Type Start At 1.0 Pips And There Are No Commissions Or Account Fees Associated With It. Private Account Is Suitable For Traders Seeking A Lower Initial Deposit Requirement And Competitive Leverage Options.
Corporate Account: For Corporate Accounts, The Minimum Deposit Requirement Is Higher At $50,000. Traders Using This Account Type Can Gain Higher Leverage Of Up To 1:1000, Making It Possible To Gain Larger Positions. Spreads For Corporate Accounts Start From 0.8 Pips And, Like Private Accounts, There Are No Commissions Or Account Fees. Corporate Accounts Are Tailored For Professional And Institutional Traders Looking To Increase Their Leverage And Narrow Their Spreads.
How Do I Open An Account?
1. Find The "Register" Button On Its Website.
2. You Will Then Be Prompted To Select The Type Of Account You Want To Create As Well As The Region You Are In.
3. You Will Then Be Redirected To The Regedit Sheet, Which Requires You To Provide The Necessary Information.
Minimum Deposit
Mercury FX Offers Different Minimum Deposit Rates For Their Account Types. Private Accounts Require A Minimum Deposit Of $250, While Corporate Accounts Require A Higher Minimum Deposit Of $50,000.
Leverage
Mercury FX Offers Traders Different Leverage Options. For Private Accounts, Traders Can Get Up To 1:500 Leverage, Allowing Them To Increase Position Size Relative To Their Initial Deposit. Corporate Accounts Offer Higher Leverage, And Traders Are Able To Get Up To 1:1000 Leverage, Providing More Generous Leverage For Professional And Institutional Clients.
Spreads
Mercury FX Offers Different Spreads For Its Forex Trading Services. For Private Accounts, Spreads Start From 1.0 Pips, While For Corporate Accounts, Spreads Start From 0.8 Pips. These Spreads Indicate The Difference Between The Bid And Ask Prices Of A Currency Pair, And They Affect Transaction Costs.
Deposit And Withdrawal
Mercury FX Offers Its Customers A Variety Of Deposit And Withdrawal Methods. Traders Can Fund Their Accounts Through Bank Telegraphic Transfers, Credit Cards, Debit Cards, And E-wallets. These Methods Provide Flexibility And Convenience For Clients To Deposit Funds Into Their Trading Accounts.
Furthermore, The Absence Of Deposit Fees Further Enhances The Attractiveness Of These Deposit Options. Withdrawals Can Be Made Using The Same Methods, And While Specific Withdrawal Fees Vary Depending On The Payment Method Chosen, The Company Does Not Charge Any Deposit Fees.
Trading Platforms
Mercury FX Offers Clients Popular And Widely Used Trading Platforms, Including Metatrader 4 And Metatrader 5. Known For Their User-friendly Interfaces, Advanced Charting Tools, Technical Indicators, And Automated Trading Features, These Platforms Are Suitable For Traders Of All Levels Of Experience. By Choosing Metatrader 4 Or Metatrader 5, Traders Can Execute Their Forex Trading Strategies Efficiently And Effectively.
Customer Support
Mercury FX Offers Customer Support Via Phone And Email With Dedicated Contact Information For Different Regions. They Also Offer A Contact Form On Their Website, Providing Traders With Multiple Channels To Seek Help.
Telephone Support: Traders Can Reach Mercury FX's Customer Support At: + 44 (0) 207 199 3790 For Support In English, + 27 10 329 0470 For Support In South Africa, And + 852 3753 7597 For Support In English In Hong Kong.
Email Support: Customers Can Also Contact The Company By Email: Contact@mercury-fx.com, Contact@mercury-fx.co.za South Africa, And Contacthk@mercury-fx.com For Hong Kong.
