Mugan Markets Review 6
Mugan Markets has some of the tightest spreads I've seen, which is great for reducing trading costs. Plus, they offer a variety of account types to suit different traders' needs. Overall, I'm really satisfied with Mugan Markets' offerings.
Various order types, which gives me more control over my trades. Great!!!
In terms of order execution, Mugan Markets really shines. Trades are executed swiftly without any noticeable slippage, which gives you the peace of mind that you're getting the best available prices. It's fast and feels reliable. As for spreads and commissions, they are competitive in my view. While they aren't the very cheapest, they're certainly shell out for the level of service and platform performance in my opinion. One area that needs a bit of refinement is the account-opening procedure. I won’t lie, it was a tad complicated and took longer than I would have liked.
The Mugan Markets trading platform undoubtedly stands tall. It's steadfast in providing fast, real-time data updates and order execution. Take it from the day when the US Non-Farm Payroll report sent the market into a frenzy! Amidst exchanging seas, the platform held firm, promising secure order execution with zero slippage. A skipper can rely on it! A tad improvement with withdrawal speed would be the wind in their sails, but overall, it's been a pleasure sailing these trading seas with Mugan Markets.
Low spreads? my foot! It was a classic case of 'too good to be true.' In reality, the spreads turned out to be sky-high! What's worse? Their unstable trading platform. It felt like I was riding a roller coaster with unexpected twists, turns, and sudden stops! Be it in the middle of a profit-making trade or an anticipated market crash, the platform would conveniently crap out on me. You just can't trust these guys for a stable, reliable platform. I remember this one time when I was on the verge of a profitable transaction. I could almost smell the sweet scent of victory when - bam! - the app crashes! Just like that, my dreams of a successful deal fizzled out.
They lured me in with this so-called 'Custom ECN' account. Nice marketing move, eh? It's supposed to be some tailor-made, fancy styling of a trading account that lets you trade like a pro. I thought ‘why not take a crack at it,’ seeing as I don't mind spending a little to make a lot, right? But THEN, get this - the deposit requirement on that bad boy were through the roof! I mean, we're not all rolling in dough, mate! And you'd think with the high deposits and ridiculously unstable spreads 'someone' would have the courtesy to offer half decent customer service, right? Wrong again! The support team was about as helpful as a chocolate tea pot. I got more insight on trading conditions from reading brew leaves!