Murrentrade Forex Broker

MurrenTrade Review SummaryFounded2022Registered Country/RegionSaint Vincent and the GrenadinesRegulationNot regulatedMarket InstrumentsForex, Commodities, Indices, Cryptocurrencies, EnergiesDemo AccountNot specifiedLeverageUp to 1:500SpreadStarting from 0.1 pipsTrading PlatformMetaTrader 5 (MT5)Min Deposit$100Customer SupportEmail: support@murrentrade.comAddress: FIRST FLOOR, FIRST ST. VINCENT BANK LTD BUILDING, JAMES STREET, KINGSTOWN, ST. VINCENT AND THE GRENADINESMurrenTrade 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 ConsProsConsCompetitive spreads start at 0.1 pipsUnregulated statusHigh leverage options up to 1:500Lack of contact informationAvailable copy trading serviceMT5 platform providedIs 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 InstrumentsSupportedCommodities✔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 TypeMinimum DepositSpreadLeverageCommissionSwapClassic$1001.2 pipsup to 1:500-YesStandard$1000.3 pipsup to 1:500$8/LotYesVIP$10,0000.1 pipsup to 1:500$7/LotYesLeverage 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 PlatformSupportedAvailable DevicesSuitable forMT5✔Windows, MAC, IOS, AndroidInvestors of all experience levelsDeposit and Withdrawal Specific information about the deposit and withdrawal procedures is not publicly displayed on its official website.