English

Murrentrade Forex broker specializes in providing foreign exchange trading services, the company's official website https://trader.murre..., the company's legitimate regulatory information ComorosMISARetail Forex License to enhance the security of the company's address EURO HOUSE, RICHMOND HILL ROAD, KINGSTOWN, VC0100, ST. VINCENT AND THE GRENADINES

Murrentrade Forex Broker

Basic Information

Registered Region

Saint Vincent and the Grenadines

Operating Period

Company Name

MURRENTRADE LIMITED

Abbreviation

Murrentrade

Company employee

Customer Service Email Address

support@murrentrade.com

Company Website

https://www.murrentrade.com/

Company address

EURO HOUSE, RICHMOND HILL ROAD, KINGSTOWN, VC0100, ST. VINCENT AND THE GRENADINES

Keywords

2-5 years

Regulated in Comoros

Retail Forex License

White label MT5

Regional Brokers

Medium potential risk

Offshore Regulated

Company profile

General InformationMurrentrade Review Summary in 10 PointsFounded2022Registered Country/RegionSaint Vincent and the GrenadinesRegulationOffshore regulated by MISAMarket InstrumentsForex, gold, indices, energies and commoditiesDemo AccountUnavailableLeverage1:1000 (Classic account/ Standard account)1:2000 (VIP account)EUR/ USD Spreads0.1 pips (VIP account)0.3 pips (Standard account)1.2 pips (Classic account)Trading PlatformsMT5Minimum Deposit$100 (Classic account/ Standard account)$10,000 (VIP account)Customer SupportPhone, emailMurrentrade Information MurrenTrade's brokerage services are provided by Trading Point of Financial Instruments Ltd. (operating under the trading name “MurrenTrade”). The company provides traders with access to a range of trading platforms, including the popular MetaTrader 5 (MT5), known for its advanced charting tools, technical indicators, and customizable interface. Murrentrade aims to cater to both beginner and experienced traders by offering user-friendly platforms, educational resources, and competitive trading conditions.Pros & ConsProsCons15 years of experienceMISA offshore regulatedLeverage of up to 1:500Commissions and swaps chargedThree types of accounts to chooseMinimum deposit starting from $100Spreads from 0.1pipsCopy trading available Murrentrade Alternative Brokers There are many alternative brokers to Murrentrade depending on the specific needs and preferences of the trader. Some popular options include:Forex Club - A well-established forex broker offering a wide range of trading instruments, educational resources, and a user-friendly platform for traders of all experience levels.BlackBull Markets – A reputable forex and CFD broker known for its institutional-grade liquidity, competitive pricing, and advanced trading technology.Eightcap - A trusted forex and CFD broker that provides traders with competitive spreads, fast trade execution, and a comprehensive suite of trading tools and resources.Is Murrentrade Safe or a Scam? Murrentrade is currently regulated as an offshore entity, holding a Retail Forex License issued by the Comoros under license number T2023286. This offshore regulatory status may imply certain risks, as offshore regulations often have fewer requirements and oversight compared to more established financial authorities. Market Instruments Murrentrade offers variety of trading instruments across different asset classes, including forex, gold, indices, cryptocurrencies, energies and commodities. - Forex: Forex trading holds low entry barriers due to the fact that it is accessible to clients without requiring significant amounts of capital by trading on margin. The continuously fluctuating exchange rate enables market participants to make profits by executing successful trades. - Gold: Gold is a popular trading instrument due to its status as a safe-haven asset and store of value. Traders should keep an eye on economic indicators, geopolitical events, and central bank policies as they can affect gold prices. Factors like inflation, interest rates, and currency fluctuations impact the value of gold. - Indices: Traders can invest in global stock indices such as the S&P500, Nasdaq, DAX30, and FTSE100 through Murrentrade. Indices are calculated based on the market capitalization of the component companies. A variety of factors, including commodity prices, company announcements and financial results all play an important role in determining the indexs price. - Cryptocurrencies: The platform offers traders access to major cryptocurrencies. They present the opportunity to trade 24/7. Cryptocurrencies only exist in the blockchain and are accessible through codes called private and public keys. - Energies: Murrentrade provides access to the energy markets, where traders can invest in crude oil and natural gas. Energy Markets refer to commodities that refer specifically to the trade and supply of energy. - Commodities: Murrentrade provides traders with access to a range of other commodities, including metals, agricultural products, and energy products like oil. Commodities are traded on the futures markets, and their values can be impacted by a variety of factors, such as supply and demand, geopolitical events, and weather patterns.Accounts Murrentrade offers three live account types including Classic account, Standard account and VIP account with the minimum deposit requirement of $100, $100 and $10,000 respectively. Classic Account: It offers basic features and is suitable for beginners or traders with limited experience. Standard Account: It provides additional features and tools compared to the Classic account, making it a good choice for traders looking for more advanced functionalities. VIP Account: The VIP account is designed for experienced traders or individuals with larger trading volumes. It offers enhanced features, personalized services, and priority customer support.Leverage For the Classic and Standard accounts, Murrentrade offers a maximum leverage of 1:1000. This means that traders can trade with a position size up to 1000 times the amount of their initial deposit. For example, if a trader deposits $100, they can potentially control a trading position of up to $100,000. Meanwhile, the VIP account provides even higher leverage, with a maximum of 1:2000. With this level of leverage, traders can control even larger positions relative to their initial deposit. For instance, a deposit of $10,000 could potentially allow traders to trade positions worth up to $20,000,000.Spreads & Commissions Murrentrade offers the spread from 0.1 pips for the VIP account, 0.3 pips for the Standard account and 1.2 pips for the Classic account. Besides, Murrentrade offers $7 per lot for the VIP account and $8 per lot for the Standard account and is free for the Classic account . Below is a comparison table about spreads and commissions charged by different brokers:BrokerEUR/USD SpreadCommissionMurrentrade0.3 pips (Std)$8 per lot (Std)Forex Club2.0 pipsNoneBlackBull Markets0.2 pipsNoneEigntcap0.1 pipsNoneTrading Platforms Murrentrade offers MT5 for its clients. MT5 is a comprehensive trading platform that offers a wide range of features and tools to assist traders in making informed trading decisions. The MT5 platform is known for its user-friendly interface, which makes it easy to navigate for both beginner and advanced traders. It provides access to various financial markets, including forex, stocks, commodities, and indices, allowing traders to diversify their portfolios and take advantage of different trading opportunities. See the trading platform comparison table below:BrokerTrading PlatformMurrentradeMT5Forex ClubMT4, MT5, LibertexBlackBull MarketsMT4, MT5EigntcapMT5Customer Service Customers can visit their office or get in touch with customer service line using the information provided below: Telephone: +92 3454777548 Email: support@murrentrade.co Address: FIRST FLOOR, FIRST ST. VINCENT BANK LTD BUILDING, JAMES STREET, KINGSTOWN, ST. VINCENT AND THE GRENADINESConclusion In conclusion, Murrentrade is a trading platform that offers a range of services to its clients. The platform provides access to various financial markets, allowing traders to diversify their portfolios and capitalize on different trading opportunities. With its user-friendly interface and advanced charting tools, Murrentrade's trading platform, MT5, caters to the needs of both beginner and advanced traders. However, its offshore regulatory status may imply certain risks, as offshore regulations often have fewer requirements and oversight compared to more established financial authorities.Frequently Asked Questions (FAQs)Q 1:Is Murrentrade regulated?A 1:Yes, it is offshore regulated by MISA.Q 2:How can I contact the customer support team at Murrentrade?A 2:You can contact via telephone, +92 3454777548 and email, support@murrentrade.co.Q 3:Does Murrentrade offer demo accounts?A 3:No.Q 4:Does Murrentrade offer the industry leading MT4 & MT5?A 4:Yes. It supports MT5.Q 5:What is the minimum deposit for Murrentrade?A 5:The minimum initial deposit to open an account is $100.Q 6:Is Murrentrade a good broker for beginners?A 6:No. It is not a good choice for beginners because of its unregulated condition.Risk Warning Online trading involves significant risk, and you may lose all of your invested capital. It is not suitable for all traders or investors. Please ensure that you understand the risks involved and note that the information contained in this article is for general information purposes only.

Murrentrade broker review

Is Murrentrade safe or scam

Rating Index

VIP

Minimum Deposit

$10,000

Standard

Minimum Deposit

$100

How to login to Murrentrade?

murrentrade Complete Account Guide: Registration, Account Opening, and Login Processes Part One: Account Registration Process How to Register a murrentrade Account Registering for a murrentrade account is the first step towards unlocking your trading potential. Heres a detailed guide on how to compl

Murrentrade Forex Broker - Complete Information Guide

1. Broker Overview

　　Murrentrade, officially known as Murrentrade Limited, is a forex brokerage that was established in 2022. The company is headquartered in Kingstown, Saint Vincent and the Grenadines, specifically located at the First Floor, First St. Vincent Bank Ltd Building, James Street, Kingstown. As a private entity, Murrentrade caters primarily to retail clients, providing a platform for trading various financial instruments. The broker focuses on offering services to both novice and experienced traders, aiming to create an accessible environment for personal investment.

　　Since its inception, Murrentrade has made significant strides in the forex trading landscape, leveraging advanced technology and user-friendly platforms to enhance the trading experience. The broker operates under the regulatory oversight of the Comoros, holding a retail forex license, which allows it to offer a variety of trading instruments. Murrentrade's business model revolves around retail forex trading, providing clients with access to a wide range of markets including forex, commodities, indices, and cryptocurrencies.

2. Regulation and Compliance Information

　　Murrentrade is regulated by the MISA (Comoros) under license number T2023286. While this regulatory framework provides a level of oversight, it is essential to note that offshore regulations often come with fewer requirements compared to more established financial authorities. The broker's regulatory status may imply certain risks, as the oversight may not be as stringent.

　　Murrentrade emphasizes the importance of client funds' safety by implementing a client funds segregation policy. This means that client funds are kept separate from the company's operational funds, providing an additional layer of security. However, details regarding participation in investor compensation schemes are not explicitly mentioned in the available resources.

　　The broker adheres to KYC (Know Your Customer) and AML (Anti-Money Laundering) compliance measures, ensuring that all clients undergo a verification process to prevent fraudulent activities. This includes the collection of identifying documents during the account opening process to verify the identity of clients.

3. Trading Products and Services

　　Murrentrade offers a diverse array of trading products, catering to various investment needs. The broker provides access to over 15 forex currency pairs, which includes major, minor, and exotic pairs. Additionally, Murrentrade facilitates trading in Contracts for Difference (CFDs) on commodities, indices, and cryptocurrencies such as Bitcoin, Ethereum, and Litecoin.

　　The range of CFDs available includes popular commodities like gold and silver, as well as various stock indices. Murrentrade continuously updates its product offerings to meet market demand, although specific details regarding the frequency of product updates are not provided in the sources.

　　For retail clients, Murrentrade offers a user-friendly trading environment, while institutional clients may also find tailored services that meet their specific trading needs. The broker's business model includes white label solutions, allowing other entities to offer trading services under their brand using Murrentrade's infrastructure.

4. Trading Platforms and Technology

　　Murrentrade primarily utilizes the widely recognized MetaTrader 5 (MT5) trading platform, which is available for both desktop and mobile devices. MT5 is known for its advanced charting capabilities, a variety of technical indicators, and a customizable interface that appeals to traders of all experience levels.

　　The broker does not appear to offer a proprietary trading platform, instead focusing on providing a robust trading experience through MT5. The platform supports various trading styles, including automated trading and algorithmic trading through Expert Advisors (EAs). Murrentrade's servers are located in the United States, ensuring fast execution times for trades.

　　Murrentrade also offers API access for automated trading, allowing clients to integrate their trading strategies seamlessly into the platform. This feature is particularly appealing to algorithmic traders looking for a technological edge in their trading operations.

5. Account Types and Trading Conditions

　　Murrentrade offers three account types to cater to different trader profiles:

Classic Account: Requires a minimum deposit of $100, with spreads starting from 1.2 pips and no commission charges.
Standard Account: Also requires a minimum deposit of $100, offering tighter spreads from 0.3 pips and a commission of $8 per lot.
VIP Account: Designed for high-volume traders, this account type requires a minimum deposit of $10,000, features spreads from 0.1 pips, and a lower commission of $7 per lot.

　　The maximum leverage offered by Murrentrade varies by account type, with leverage up to 1:1000 for Classic and Standard accounts, and 1:2000 for VIP accounts. The broker allows trading with a minimum lot size of 0.01, making it accessible for traders with varying capital levels. Additionally, Murrentrade charges overnight fees for positions held beyond the trading day.

6. Fund Management

　　Murrentrade supports a variety of deposit methods, including bank wire transfers and Tether (USDT). The minimum deposit requirements differ across account types, with the Classic and Standard accounts starting at $100, while the VIP account requires $10,000.

　　Deposits are generally processed quickly, although specific processing times are not detailed in the available resources. Murrentrade does not impose deposit fees, making it cost-effective for traders to fund their accounts.

　　For withdrawals, Murrentrade offers similar options as deposits, including bank wire transfers and Tether (USDT). The processing times for withdrawals can vary, but the broker aims to ensure timely transactions. Withdrawal fees may apply depending on the method used, although specific fee structures are not explicitly stated.

7. Customer Support and Educational Resources

　　Murrentrade provides multiple channels for customer support, including telephone, email, and online chat. Their customer service team is available to assist clients with inquiries and support issues. The broker covers various time zones, ensuring that clients can receive assistance when needed.

　　The broker supports multiple languages, catering to a global client base. Educational resources are available, including webinars, tutorials, and e-books, designed to enhance traders' knowledge and skills. Murrentrade also offers market analysis services, providing clients with daily insights, news updates, and research reports to inform their trading decisions.

　　Additionally, Murrentrade provides trading tools such as calculators and economic calendars to help traders plan their strategies effectively.

8. Regional Coverage and Restrictions

　　Murrentrade primarily serves clients in various regions, with a focus on providing services to international traders. The broker has regional offices, although specific locations are not detailed in the available resources.

　　However, Murrentrade does impose restrictions on certain countries, and it is essential for potential clients to check whether their country of residence is eligible for account opening. Specific prohibited countries are not explicitly listed, but the broker emphasizes compliance with international regulations.

　　In conclusion, Murrentrade is a forex broker that offers a range of services tailored to meet the needs of both retail and institutional clients. While the broker provides access to various financial markets and a user-friendly trading platform, potential clients should be aware of the regulatory implications associated with its offshore status. Overall, Murrentrade aims to deliver a competitive trading environment, making it a viable option for traders looking to explore the forex market.

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