Murrentrade Spreads, leverage, minimum deposit Revealed

WikiFX | 2024-11-04 11:01

Abstract：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 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.