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Score

1.31 /10
Danger

MurrenTrade

Saint Vincent and the Grenadines

2-5 years

Suspicious Regulatory License

Suspicious Scope of Business

High potential risk

https://goldiv.murrenfx.com

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Score

Regulatory Index0.00

Business Index5.49

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

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40G

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Warning: Low score, please stay away!
Previous Detection : 2024-12-25
  • It has been verified that this broker currently has no valid regulation. Please be aware of the risk!

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MurrenTrade · Company summary
MurrenTrade Review Summary
Founded2022
Registered Country/RegionSaint Vincent and the Grenadines
RegulationNot regulated
Market InstrumentsForex, Commodities, Indices, Cryptocurrencies, Energies
Demo AccountNot specified
LeverageUp to 1:500
SpreadStarting from 0.1 pips
Trading PlatformMetaTrader 5 (MT5)
Min Deposit$100
Customer SupportEmail: support@murrentrade.comAddress: FIRST FLOOR, FIRST ST. VINCENT BANK LTD BUILDING, JAMES STREET, KINGSTOWN, ST. VINCENT AND THE GRENADINES

MurrenTrade Information

Founded in Saint Vincent and the Grenadines in 2022, MurrenTrade offers a wide range of trading assets, including forex, commodities, indices, cryptocurrencies and energy. The company offers spreads starting at 0.1 points and highly leveraged options as high as 1:500. However, the platform operates without regulation.

MurrenTrade Information

Pros and Cons

ProsCons
Competitive spreads start at 0.1 pipsUnregulated status
High leverage options up to 1:500Lack of contact information
Available copy trading service
MT5 platform provided

Is MurrenTrade Legit?

The MurrenTrade currently is not regulated by any financial authorities.

What Can I Trade on MurrenTrade?

MurrenTrade offers traders the opportunity to trade Forex, Gold, Indices, Energies, Cryptocurrencies and Commodities.

What Can I Trade on MurrenTrade?
Tradable InstrumentsSupported
Commodities✔
Forex✔
Currencies❌
Crypto currencies✔
Energies✔
Indices✔
Gold✔
Energy products❌
Mutual Funds❌
Futures❌

Account Types

MurrenTrade offers three live account types, namely Classic account, Standard account, and VIP Account.

Account TypeMinimum DepositSpreadLeverageCommissionSwap
Classic$1001.2 pipsup to 1:500-Yes
Standard$1000.3 pipsup to 1:500$8/LotYes
VIP$10,0000.1 pipsup to 1:500$7/LotYes
Account Types

Leverage

MurrenTrade offers maximum leverage of up to 1:500, offering traders the opportunity to expand their trading positions with relatively little capital.

Leverage

MurrenTrade Fees

MurrenTrade offers different spreads and commissions across its account types to suit different trading preferences and budgets.

Classic accounts start with a spread of 1.2 pips, with no commission per lot.

In contrast, standard accounts offer narrower spread, starting with 0.3 pips, but charge a commission of $8 per lot.

For professional traders or institutional investors, VIP accounts offer the narrowest spread, starting at 0.1 pips and reducing the commission to $7 per lot.

Trading Platform

MurrenTrade offers the MetaTrader 5 (MT5) platform.

Trading Platform
Trading PlatformSupportedAvailable DevicesSuitable for
MT5✔Windows, MAC, IOS, AndroidInvestors of all experience levels

Deposit and Withdrawal

Specific information about the deposit and withdrawal procedures is not publicly displayed on its official website.

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Nangzhi
more than one year
MurrenTrade proved to be disappointing. Suspected fraud, analysts push trades over insights, and suggesting doubling down on losses raised serious concerns. Exercise caution when considering this platform.
MurrenTrade proved to be disappointing. Suspected fraud, analysts push trades over insights, and suggesting doubling down on losses raised serious concerns. Exercise caution when considering this platform.
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2023-12-21 22:35
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