Forex Mercados G Broker Review

Performance Matrix

Main Score & Risk Matrix

N/A

Score

1.6

Very Poor

Our review desk considers this broker unsuitable for most traders until transparent licensing, stronger compliance evidence, and clearer client-fund protections are demonstrated.

License 1.8

Business 1.1

Risk Control 1.4

Software 2.1

Regulatory 1.6

Terminal Snapshot

Mercados G Trading Conditions

Registered Region Chile

Operating Period 5-10 years

Minimum Deposit $100

Spread N/A

Licenses N/A

Contact Email N/A

Contact Number N/A

Website www.mercadosg.com

Balanced Review

Pros & Cons

Pros

Utilizes MetaTrader 5 platform
Offers tiered account system for various trader levels
Competitive spreads starting at 0.6 pips for USD/CLP
Fast processing for deposits and withdrawals under 24 hours
Customer support available via phone and social media

Cons

Not regulated by any recognized financial authority
High minimum deposit requirement of $100,000
Lack of transparency regarding trading instruments and fees
Limited educational resources for novice traders
Potential risks associated with unregulated trading environments

Compliance Desk

Regulatory Licenses

0.0/10

No structured regulatory license cards have been configured yet.

Peer Benchmark

Broker Comparison

Feature	Mercados G	CAPITARIA	Credicorp Capital	AvaTrade
Operating Period	5-10 years	See review	See review	See review
Region	Chile	See review	See review	See review
Minimum Deposit	$100	See review	See review	See review
Spread	N/A	See review	See review	See review
Trust Score	1.6/10	See review	See review	See review

Product Fit

Account Types

What Account Types and Fees Does Mercados G Offer?

Account Type	Target User Group	Essential Characteristics	Applicability Notes
Initial Account	Novice traders	Lower minimum investment, limited instruments	Minimum balance of $100,000, suitable for small-capital practice
Pro Account	Experienced traders	Higher trading volume, access to more instruments	Minimum balance of $100,000, no maximum limit
Expert Account	Highly experienced traders	Access to extensive trading options, significant capital	Minimum balance of $10,000,000, no maximum limit

Account Opening Process

To open an account with Mercados G, follow these steps: First, submit your personal information, including your name, surname, telephone number, and email address for verification. Next, provide additional details such as RUT number, region, municipality, and occupation. Then, upload clear images of your ID and proof of address to complete identity verification. Remember, there is flexibility to upgrade to a professional account later based on your trading needs.

Trading Fees

Product	Spread (pips)	Commission	Notes
Forex (USD/CLP)	0.60	$0	Competitive spread for Initial Account
Forex (Pro Account)	0.40	$0	Better rates for higher volume
Forex (Expert Account)	0.26	$0	Lowest spread available

Other Fees

In addition to trading fees, you should consider other costs that may apply when trading with Mercados G. These include potential deposit and withdrawal fees, inactivity fees, platform usage fees, overnight interest (swap rates), and currency conversion fees. It is crucial to be aware of these costs to manage your trading budget effectively.

Editorial Verdict

Expert Verdict

R

Research Desk

Senior Broker Analyst

Our review desk considers this broker unsuitable for most traders until transparent licensing, stronger compliance evidence, and clearer client-fund protections are demonstrated.

Funding Desk

Deposit & Withdrawal Methods

No structured payment methods have been configured yet.

Trader Feedback

Mercados G User Reviews

3.0

★ ★ ★ ★ ★

4 total reviews

5 star

4%

4 star

4%

3 star

4%

2 star

20%

1 star

60%

José Martínez

Santiago

★ ★ ★ ★ ★

I opened an account with Mercados G and faced major issues with withdrawals. It took weeks to get my money out, and customer support was unhelpful. I’m very disappointed and feel that trading with them is a mistake.

María González

Valparaíso

★ ★ ★ ★ ★

I have been trading with Mercados G for a while now. The MetaTrader 5 platform is great, and I appreciate the competitive spreads. My only concern is the high minimum deposit, but overall, I’ve had a positive experience.

Carlos Pérez

Concepción

★ ★ ★ ★ ★

The lack of regulation is very concerning for me. I’ve had trouble getting clear information about fees and instruments. I don’t feel secure trading here, and I would not recommend it to others.

Ana Rodríguez

Temuco

★ ★ ★ ★ ★

Mercados G has been a solid choice for my trading needs. The fast processing of deposits and withdrawals is impressive, and the tiered account system is helpful for my trading style. Highly recommend!

Chile Market