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Abstract:This article is about the broker named Mugan Markets.
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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
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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.
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Disclaimer:
The views in this article only represent the author's personal views, and do not constitute investment advice on this platform. This platform does not guarantee the accuracy, completeness and timeliness of the information in the article, and will not be liable for any loss caused by the use of or reliance on the information in the article.
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