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MRG Spreads, leverage, minimum deposit Revealed

WikiFX | 2024-10-28 11:41

Abstract:MRG is a brokerage offering many trading assets, including forex pairs, commodities, and indices. It offers four different account types with competitive spreads starting at 0.8 pips, and high leverage up to 1:500 through the trade on the Metatrader4 platform. However, it is not regulated.

MRG Review Summary
Founded2018
Registered Country/RegionSaint Vincent and the Grenadines
RegulationNot regulated
Market InstrumentsForex pairs, commodities (Gold/XAUUSD, Oil/CL), indices (Nasdaq, S&P 500)
Demo AccountYes
LeverageUp to 1:500
SpreadStarting from 0.8 pips
Trading PlatformMetatrader4 (MT4)
Min Deposit$50

MRG Information

  MRG is a brokerage offering many trading assets, including forex pairs, commodities, and indices. It offers four different account types with competitive spreads starting at 0.8 pips, and high leverage up to 1:500 through the trade on the Metatrader4 platform. However, it is not regulated.

Pros and Cons

ProsCons
  • Easy-to-use platform of MetaTrader4
  • Lack of regulation
  • Offers four account types
  • High leverage up to 1:500

Is MRG Legit?

  MGR is not regulated by any major financial authorities, meaning there is no guarantee that it is a safe platform to trade with.

Is MRG Legit?

What Can I Trade on MRG?

  MRG offers many market instruments, primarily focusing on forex and CFDs (Contracts for Difference). Also, CentralFx Markets offers CFDs on various assets, including stock indices, commodities, cryptocurrencies, and more.

Tradable InstrumentsSupported
Forex✔
Commodities✔
Metals✔
Indices✔
Cryptocurrency❌
Shares❌
Options❌

Account Types

  MRG offers four account types, including the Basic account, Premium account, Sharia account, and Infinite account. You can refer to the table for details.

MRG Fees

  MRG provides different spreads and commissions based on the selected account type.

  For the Basic account, the spread starts from 2 pips, with no commissions.

  The Premium account features a spread starting from 0.8 pips, coupled with a $10 commission per lot.

  The Sharia account also has a spread starting from 0.8 pips, with a $20 commission per lot.

Leverage

  MRG offers different leverage options across its account types. The Basic account provides a high leverage of 1:500, allowing traders greater position control. Premium, Sharia, and Infinite accounts offer a leverage of 1:200, balancing risk and opportunity.

Trading Platform

Trading PlatformSupportedAvailable DevicesSuitable for
Metatrader4 (MT4)✔PC and MobileInvestors of all experience levels

Deposit and Withdrawal

  MRG's minimum deposit requirements vary, with the Basic account setting the entry point at $50, the Premium account at $300, the Sharia account at $3,000, and the Infinite account requiring a substantial $50,000 minimum deposit. However, the fees of deposit and withdrawal are not mentioned.

AspectsBasicPremiumShariaInfinite
Min Depo$50$300$3,000$50,000

  

Related broker

No Regulation
MRG
Company name:Maxrich Group Limited
Score
1.45
Website:https://www.mrgforex.com
2-5 years | Suspicious Regulatory License | Suspicious biz area | High potential risk
Score
1.45

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