MurFxMarkets Spreads, leverage, minimum deposit Revealed

WikiFX | 2024-10-21 18:54

Abstract：Mur Fx Markets Limited, founded in 2019, is a brokerage registered in India. The trading instruments it provides cover Forex, Commodities and Indices. 3 accounts for traders and MT5 support. But it is currently unregulated and lacks security.

Mur Fx Markets Limited
Founded	2019
Registered Country/Region	India
Regulation	No regulation
Market Instruments	Forex, Commodities, Indices
Account Type	Raw account, real 1.0, real 2.0
Demo Account	✔
Leverage	Up to 1:500
Spread	0.2-2.5pips
Deposit & Withdrawal	Skrill, NEETER, tether
Trading Platform	MT5 platform
Minimum Deposit	$100
Customer Support	Phone: +230 5973 1371,+91 9537782931
	Email:support@murfxmarkets.com
	Physical address : Shop No. F S1 S2/23, Second floor, Surya PlazaComplex, Near Santosh Crossing, Rajpipla, Dist-Narmada, Gujarat - 393145, India
Educational Resource	Economic calendar, PIP calendar

Mur Fx Markets Limited Information

　　Mur Fx Markets Limited, founded in 2019, is a brokerage registered in India. The trading instruments it provides cover Forex, Commodities and Indices. 3 accounts for traders and MT5 support. But it is currently unregulated and lacks security.

Pros and Cons

Pros	Cons
Diversified trading products	No regulation
Low Spreads and Commissions
Advanced Trading Platform
3 types of accounts
Demo Account Available
Multiple Deposit and Withdrawal Options

Is Mur Fx Markets Limited Legit?

　　It is clear that Mur Fx Markets Limited, which was registered in 2019 and is currently unregulated, is insecure.

What Can I Trade on Mur Fx Markets Limited?

　　Mur Fx Markets Limited offers traders three market instruments-Forex, Commodities, Indices.

Tradable Instruments	Supported
Forex	✔
Indices	✔
Commodities	✔
Stocks	❌
ETFs	❌
Bonds	❌

Account Types

　　Mur Fx Markets Limited offers a total of 3 different types of accounts to traders-Raw account, real 1.0 and real 2.0 account. And it offers demo accounts.

Account Types	Raw	Real 1.0	Real 2.0
Leverage	1:500	1:500	1:500
Spread from	0.2	1.5	2.5
Min. Deposit	＄5000	＄100	＄100
Commission	＄7	0	0
SWAPS	No	No	No
Platform	MT5	MT5	MT5

Mur Fx Markets Limited Fees

　　3 accounts are different in spread and commission. Raw account's spread is the lowest, starting with 0.2pips, but it charges $7 for every transaction. The other two accounts all charge no commission. And these 3 accounts have no SWAPS fee.

Account Types	Raw	Real 1.0	Real 2.0
Spread from	0.2pips	1.5pips	2.5pips
Commission	＄7	0	0
SWAPS	No	No	No

Mur Fx Markets Limited Platform

　　Mur Fx Markets Limited's trading platform is MT5 Margin WebTrader, which supports traders on PC, Mac, iPhone and Android.

Trading Platform	Supported	Available Devices	Suitable for
MT5 Margin WebTrader	✔	Web, Mobile	Proficient
MT4	❌

Deposit and Withdrawal

　　The broker supports three payment methods: Skrill, NEETER, tether.

　　In addition, its minimum deposit requirement is $100.

	Withdrawal		Deposit
method	Fees	Processing Time	Fees	Processing Time
Debit cards and credit cards	3%，International Transaction Fees 2.20%,Card not present Transaction Fees 0.02%	In two business days before 11am UK time on any business day	3%，International Transaction Fees 2.20%,Card not present Transaction Fees 0.02%	1 to 2 days
Bank transfers	Not mentioned	In two business days before 11am UK time on any business day	Not mentioned	1 to 5 working days