WikiFX Review: Is It Okay to Invest in Mugan Markets?

Mugan Markets | 2023-09-18 18:18

Abstract：This article is about the broker named Mugan Markets.

What is WikiFX？

WikiFX is an authoritative global inquiry platform providing basic information inquiry and regulatory license inquiry.

WikiFX can evaluate the safety and reliability of more than 45,000 global forex brokers.

WikiFX gives you a huge advantage while seeking the best forex brokers. For more information, such as the review and exposure of brokers, please visit our website (https://www.WikiFX.com/en)

About Mugan Markets

Mugan Markets, operated by Jura Investments (Pty) Ltd in South Africa, is a newly founded forex broker. Although Mugan Markets does not have enough trading experience, it offers diverse trading instruments, including Forex, CFDs, Cryptocurrency CFDs, stocks, metals, and commodities.

Is It Legit？

Mugan Markets is a regulated trading platform authorized by the Financial Sector Conduct Authority under license number 51505. WikiFX has given this broker a score of 4.57/10.

Trading Platform

Mugan Markets offers the widely recognized trading platform, MT4 (MetaTrader 4), known for its stability and user familiarity.

Account Types

Mugan Markets offers three different types of accounts to its clients. They are Classic ECN account, Trader ECn account, and Custom ECN account.

Leverage

Mugan Markets offers leverage of up to 1:500 for all its account types, allowing traders the potential to control positions up to 500 times the amount of their initial margin deposit.

Spreads & Commission

Mugan Markets offers spreads starting from 0.9 pips on the Classic ECN account with no commission, while the Trader ECN account features spreads from 0.0 pips and a $8 per side commission. The Custom ECN account provides spreads from 0.0 pips with a personalized commission structure.

Conclusion

WikiFX Rating System is updated in real-time, ensuring investors have access to the latest, most accurate, and comprehensive broker information.

It is normal to see a young broker have a relatively low WikiFX score. The WikiFX score of a broker can be increased or decreased if the broker is constantly running the business in a good or bad direction.

If you want to know more information about the reliability of certain brokers, you can open our website (https://www.WikiFX.com/en). Or you can download the WikiFX APP to find the most trusted broker for yourself.

Broker

Related broker

No Regulation

Mugan Markets

Company name：Jura Investments (Pty) Ltd

Score

1.29

Website：https://muganmarkets.co.za/

2-5 years | Suspicious Regulatory License | Suspicious biz area | High potential risk

Score

1.29

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