Score
MurrenTrade
Saint Vincent and the Grenadines|2-5 years| https://goldiv.murrenfx.com/
Website
Rating Index
Contact
Licenses
No valid regulatory information, please be aware of the risk!
Single Core
1G
40G
1M*ADSL
- It has been verified that this broker currently has no valid regulation. Please be aware of the risk!
Basic information
Saint Vincent and the Grenadines
2-5 years Suspicious Regulatory License Suspicious Scope of Business High potential riskUsers who viewed MurrenTrade also viewed..
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Website
murrenfx.com
Server Location
United States
Website Domain Name
murrenfx.com
Server IP
216.239.38.21
Company Summary
| MurrenTrade Review Summary | |
| Founded | 2022 |
| Registered Country/Region | Saint Vincent and the Grenadines |
| Regulation | Not regulated |
| Market Instruments | Forex, Commodities, Indices, Cryptocurrencies, Energies |
| Demo Account | Not specified |
| Leverage | Up to 1:500 |
| Spread | Starting from 0.1 pips |
| Trading Platform | MetaTrader 5 (MT5) |
| Min Deposit | $100 |
| Customer Support | Email: 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.
Pros and Cons
| Pros | Cons |
| Competitive spreads start at 0.1 pips | Unregulated status |
| High leverage options up to 1:500 | Lack 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.
| Tradable Instruments | Supported |
| 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 Type | Minimum Deposit | Spread | Leverage | Commission | Swap |
| Classic | $100 | 1.2 pips | up to 1:500 | - | Yes |
| Standard | $100 | 0.3 pips | up to 1:500 | $8/Lot | Yes |
| VIP | $10,000 | 0.1 pips | up to 1:500 | $7/Lot | Yes |
Leverage
MurrenTrade offers maximum leverage of up to 1:500, offering traders the opportunity to expand their trading positions with relatively little capital.
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 | Supported | Available Devices | Suitable for |
| MT5 | ✔ | Windows, MAC, IOS, Android | Investors of all experience levels |
Deposit and Withdrawal
Specific information about the deposit and withdrawal procedures is not publicly displayed on its official website.
Keywords
- 2-5 years
- Suspicious Regulatory License
- Suspicious Scope of Business
- High potential risk
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