https://www.mrgforex.com
Website
No valid regulatory information, please be aware of the risk!
Single Core
1G
40G
1M*ADSL
mrgforex.com
Server Location
Singapore
Website Domain Name
mrgforex.com
Server IP
103.176.59.9
MRG Review Summary | |
Founded | 2018 |
Registered Country/Region | Saint Vincent and the Grenadines |
Regulation | Not regulated |
Market Instruments | Forex pairs, commodities (Gold/XAUUSD, Oil/CL), indices (Nasdaq, S&P 500) |
Demo Account | Yes |
Leverage | Up to 1:500 |
Spread | Starting from 0.8 pips |
Trading Platform | Metatrader4 (MT4) |
Min Deposit | $50 |
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 | Cons |
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MGR is not regulated by any major financial authorities, meaning there is no guarantee that it is a safe platform to trade with.
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 Instruments | Supported |
Forex | ✔ |
Commodities | ✔ |
Metals | ✔ |
Indices | ✔ |
Cryptocurrency | ❌ |
Shares | ❌ |
Options | ❌ |
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 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.
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 | Supported | Available Devices | Suitable for |
Metatrader4 (MT4) | ✔ | PC and Mobile | Investors of all experience levels |
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.
Aspects | Basic | Premium | Sharia | Infinite |
Min Depo | $50 | $300 | $3,000 | $50,000 |
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