“Merit Forex provides educational one-on-one sessions with a professional mentor based on clients’ needs and level of knowledge. Also, educational materials can be found through some nice forex/CFD training articles and a glossary on the website.”
There are 15 articles under this section. The articles are aimed at introducing a beginner to the world of forex trading. The topics cover the forex and stock markets, orders, financial instruments and technical analysis. The articles are written with clear illustrations and charts.
A glossary of trading terms and their definitions are available on the Merit Forex website. Over 130 terms are featured in the glossary.
“Merit Forex brokerage services are appropriate for beginner and intermediate traders due to their demo account, and training articles.”
Merit Forex provides a demo account and works with the MT4 and MT5 platforms. These platforms are very popular because of their extensive features and capabilities. This means they are suited to both newbies and advanced traders. Newbies can try trading without committing real funds and more experienced traders can test out the brokers product and also test out their trading strategies before committing their own capital.
New traders can start learning with the training articles provided on the website. The articles are clear and concise and are a good foundation tool. Standard account holders are assigned a personal mentor who also assists with training and training materials. Newbies can also benefit from the Copy trading services as well as the ‘One Billion signal’ services.
Intermediate traders have everything it takes for them to excel in their trading endeavours. The MetaTrader platforms allow a wide variety of trading styles and strategies. Traders can follow the analysis, news and weekly insights on the website. The signal service and copy trading services are also valuable to intermediate traders.
Expert traders require more complex analytical resources, powerful Virtual Private Servers (VPS) and complicated trading strategies and systems. Most of them will find the Merit Forex broker services insufficient for their complex styles.
Here are some of the “Frequently Asked Questions” about Merit Forex brokers:
Where is Merit Forex brokers based?
Merit Forex brokerage is based in the Republic of Vanuatu.
How does Merit Forex make money?
Merit Forex make money by charging from the spread and also commissions from clients’ trades.
How do I deposit in Merit Forex broker account?
You can deposit money via bank transfers, Neteller, Skrill, Bitcoin and credit/debit cards like Visa, Maestro and Mastercard.
What is the min. deposit for Merit Forex?
The minimum deposit is $250.
What is the maximum leverage in Merit Forex?
The maximum leverage is 1:400.
How do I open an account with Merit Forex?
Click on the ‘Real account’ button found on the footer part of the website. Then, fill the forms that display.
Does Merit Forex use MetaTrader?
Yes, the MT4 and the MT5 are the only platforms offered.
“Merit Forex provides access to trade over 70 instruments on the MT4 and MT5 platforms The regulatory status of this broker may prove to be a limiting factor as offshore regulators tend to be looked at with a suspicion by a large percentage of the trading community in the UK and EU. ”
Merit Forex is a brokerage located in the island nation of Vanuatu. Merit Forex provides access to trade over 70 instruments on the MT4 and MT5 platforms. The brand offers swift executions of client orders which are made possible by partnership with various liquidity providers.
The account types are designed to cater for the needs of beginner and intermediate level traders. Expert traders will find the resources provided to be insufficient for their requirements. The brand also provides copy trading services and signal services courtesy of the partnership with ‘One Billion Signals’.
Training materials are provided on the website and MeritForex also provides personal educational one-on-one sessions with a professional mentor based on clients’ needs and level of knowledge. Daily news and analysis are also provided. Further training can be received from the mentor assigned to every client. Daily news and analysis are also provided.
However, the regulatory status of this broker is a limiting factor as offshore regulators tend to be looked at with a suspicion by a large percentage of the trading community in the UK and EU, but accepted by traders elsewhere.
Here are some of the advantages of working with Merit Forex:
- The spreads and charges are competitive when compared to other brokers.
- Every client gets a dedicated account manager ensuring quick access to support.
- The broker provides access to trade on modern platforms and mobile devices.
- Clients can benefit from copy trading service and make profits without expert knowledge.
- Educational content, analysis and market news are provided by the broker.