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No Regulation
Score
1.40 /10
Danger
MRG
2-5 yearsSuspicious Regulatory License
Suspicious Scope of Business
High potential risk
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Comparison
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Exposure
Open Account
Website
Score
Regulatory Index0.00
Business Index6.17
Risk Management Index0.00
Software Index4.00
License Index0.00
Open Account
Website
Licenses
No valid regulatory information, please be aware of the risk
VPS Standard
No restriction on the broker account. Support service provided by WikiFX
Single Core
1G
40G
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Warning: Low score, please stay away!
Previous Detection :
2024-12-24
- It has been verified that this broker currently has no valid regulation. Please be aware of the risk!
WikiFX Verification
| MRG Review Summary | |
| Founded | 2018 |
| Registered Country/Region | Saint Vincent and the Grenadines |
| Regulation | Not regulated |
| Market Instruments | Forex pairs, commodities (Gold/XAUUSD, Oil/CL), indices (Nasdaq, S&P 500) |
| Demo Account | Yes |
| Leverage | Up to 1:500 |
| Spread | Starting from 0.8 pips |
| Trading Platform | Metatrader4 (MT4) |
| Min Deposit | $50 |
MRG Information
MRG is a brokerage offering many trading assets, including forex pairs, commodities, and indices. It offers four different account types with competitive spreads starting at 0.8 pips, and high leverage up to 1:500 through the trade on the Metatrader4 platform. However, it is not regulated.
Pros and Cons
| Pros | Cons |
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Is MRG Legit?
MGR is not regulated by any major financial authorities, meaning there is no guarantee that it is a safe platform to trade with.
What Can I Trade on MRG?
MRG offers many market instruments, primarily focusing on forex and CFDs (Contracts for Difference). Also, CentralFx Markets offers CFDs on various assets, including stock indices, commodities, cryptocurrencies, and more.
| Tradable Instruments | Supported |
| Forex | ✔ |
| Commodities | ✔ |
| Metals | ✔ |
| Indices | ✔ |
| Cryptocurrency | ❌ |
| Shares | ❌ |
| Options | ❌ |
Account Types
MRG offers four account types, including the Basic account, Premium account, Sharia account, and Infinite account. You can refer to the table for details.
MRG Fees
MRG provides different spreads and commissions based on the selected account type.
For the Basic account, the spread starts from 2 pips, with no commissions.
The Premium account features a spread starting from 0.8 pips, coupled with a $10 commission per lot.
The Sharia account also has a spread starting from 0.8 pips, with a $20 commission per lot.
Leverage
MRG offers different leverage options across its account types. The Basic account provides a high leverage of 1:500, allowing traders greater position control. Premium, Sharia, and Infinite accounts offer a leverage of 1:200, balancing risk and opportunity.
Trading Platform
| Trading Platform | Supported | Available Devices | Suitable for |
| Metatrader4 (MT4) | ✔ | PC and Mobile | Investors of all experience levels |
Deposit and Withdrawal
MRG's minimum deposit requirements vary, with the Basic account setting the entry point at $50, the Premium account at $300, the Sharia account at $3,000, and the Infinite account requiring a substantial $50,000 minimum deposit. However, the fees of deposit and withdrawal are not mentioned.
| Aspects | Basic | Premium | Sharia | Infinite |
| Min Depo | $50 | $300 | $3,000 | $50,000 |
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