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Mur Fx Markets Limited -

Score

1.34 /10
Danger

Mur Fx Markets Limited

India

2-5 years

Suspicious Regulatory License

Suspicious Scope of Business

High potential risk

https://www.murfxmarkets.com

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Score

Regulatory Index0.00

Business Index5.71

Risk Management Index0.00

Software Index4.00

License Index0.00

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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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Broker Information

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Company Name

Mur Fx Markets Limited

Company Abbreviation

Mur Fx Markets Limited

Platform registered country and region

India

Company website

Company summary

Pyramid scheme complaint

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Warning: Low score, please stay away!
Previous Detection : 2024-12-23
  • It has been verified that this broker currently has no valid regulation. Please be aware of the risk!

WikiFX Verification

Mur Fx Markets Limited · Company summary
Mur Fx Markets Limited
Founded2019
Registered Country/RegionIndia
RegulationNo regulation
Market InstrumentsForex, Commodities, Indices
Account TypeRaw account, real 1.0, real 2.0
Demo Account✔
LeverageUp to 1:500
Spread0.2-2.5pips
Deposit & WithdrawalSkrill, NEETER, tether
Trading PlatformMT5 platform
Minimum Deposit$100
Customer SupportPhone: +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 ResourceEconomic 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.

Mur Fx Markets Limited Information

Pros and Cons

Pros Cons
Diversified trading productsNo 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 InstrumentsSupported
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 TypesRawReal 1.0Real 2.0
Leverage 1:5001:5001:500
Spread from0.21.52.5
Min. Deposit＄5000＄100＄100
Commission＄700
SWAPS NoNoNo
Platform MT5MT5MT5
Account Types

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 TypesRawReal 1.0Real 2.0
Spread from0.2pips1.5pips2.5pips
Commission＄700
SWAPSNoNoNo

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 PlatformSupported Available Devices Suitable for
MT5 Margin WebTrader✔Web, MobileProficient
MT4❌
Mur Fx Markets Limited Platform

Deposit and Withdrawal

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

In addition, its minimum deposit requirement is $100.

Withdrawal Deposit
methodFees Processing TimeFees Processing Time
Debit cards and credit cards3%，International Transaction Fees 2.20%,Card not present Transaction Fees 0.02%In two business days before 11am UK time on any business day3%，International Transaction Fees 2.20%,Card not present Transaction Fees 0.02%1 to 2 days
Bank transfersNot mentionedIn two business days before 11am UK time on any business dayNot mentioned1 to 5 working days
Deposit and Withdrawal

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哩
more than one year
I have been using demo trading on this platform for two months, and the spreads were not as low as they advertised. I traded forex and indices most, and spreads can become as high as 200 pips sometimes, which stopped my further action.
I have been using demo trading on this platform for two months, and the spreads were not as low as they advertised. I traded forex and indices most, and spreads can become as high as 200 pips sometimes, which stopped my further action.
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2023-03-03 11:25
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FX2574541792
more than one year
Never faced any issue with withdrawals and good customers support 😎
Never faced any issue with withdrawals and good customers support 😎
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2023-02-21 22:16
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