Murren Trade

Murren Trade Review: Is Murren Trade Broker Good?

A broker is not only an intermediary in trading, but also affects the ease and security of transactions. This article will take you to explore important information about Forex brokers, including their history, security measures, and what makes them stand out from the crowd. The broker we are reviewing today is Murren Trade.

Broker overview and general information

Murren Trade is a new Forex broker that just started its service in 2022.Headquartered in Saint Vincent and the Grenadines, it operates as a broker offering Contracts for Difference (CFDs) on a variety of assets including Forex, Gold, Indices, Cryptocurrencies, Energy and Commodities. However,Information about the company and its security policies is very limited, and while the broker does provide information about its terms and policies, including security, it is not readily accessible to traders. Only licensing and regulation information is available, which we will consider together with other additional information when deciding whether to use this broker.

Broker Licensing and Regulation

If you ask whether Murren Trade is good or not, you should start by considering the registration and license first, which are detailed as follows:

• FINANCIAL SERVICES AUTHORITY St Vincent & The Grenadines (FSA) License No. 26651 under Murrentrade Limited.

• Mwali International Services Authority (M.I.S.A.) License No. T2023286 under Murrentrade Limited.
  

⚠️Warning:Although the broker is regulated, many users are concerned about the FSA and M.I.S.A licenses, which are less strict in terms of regulation, making users feel uncertain about the regulation under this agency.

The company is also reported to be linked to broker EterWealth, with both brokers owned by Chinese people. Safety and reliability are still unclear, and no complaints have been reported by real users so far. However, you should use your discretion and study more information before making an investment decision.

Broker Products and Services

Trading products

The broker offers financial instruments covering six main asset groups:

• Forex (Forex):   Foreign currency trading, investors can take advantage of fluctuating exchange rates to make profits.

• Gold (Gold): A safe asset that is popularly used for investment to maintain value and is popularly traded to make profits from fluctuating prices.

• Indices (Indices):  Investing in leading global stock indices such as S&P 500, Nasdaq, DAX 30, FTSE 100 which reflect the overall picture of the stock market 

• Cryptocurrencies (Digital Currency):  Trading of major cryptocurrencies such as Bitcoin, Ethereum  that are open for trading 24 hours a day.

• Energies (Energy): Investment in energy markets such as crude oil and natural gas, whose prices are influenced by supply and demand factors.

• Commodities (Goods): Trading of other commodities such as metals, agricultural products, whose prices depend on factors such as supply, demand, weather, and geopolitics.

Murren trade Review: Account Types

There are 3 types of trading accounts as follows:

Customer Service

• Email [email protected]

• telephone:+92 3454777548

• Line Official:@murrentrade (service hours 9:00 AM - 11:00 PM)

• Office Address: Euro House, Richmond Hill Road, Kingstown, VC0100, St. Vincent and the Grenadines

Broker Review Overview Summary

Murren Trade is a broker that has advantages in terms of low spreads, high leverage, and a wide range of products. However, the broker's credibility is still a concern due to the lack of regulation from leading agencies and there have been negative news reports about the confiscation of clients' profits. Investors should consider and study the information carefully before deciding to use the services of this broker.

Frequently asked questions about Murren trade

Q: Is there a demo account?

A: No.

Q: Does it support the industry-popular MT4 & MT5?

A: Only MT5 is supported.

Q: What is the minimum deposit?

A: The minimum initial deposit to open an account is $100.

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Murren trade  Review Compare spreads, fees, trading platforms, deposit and withdrawal conditions and more with real user reviews to help you decide which broker suits your needs.