Forex Broker Murrentrade Review

Performance Matrix

Main Score & Risk Matrix

N/A

Score

1.9

Very Poor

Our review desk considers this broker unsuitable for most traders until transparent licensing, stronger compliance evidence, and clearer client-fund protections are demonstrated.

License 2.1

Business 1.4

Risk Control 1.7

Software 2.4

Regulatory 1.9

Terminal Snapshot

Murrentrade Trading Conditions

Registered Region Saint Vincent and the Grenadines

Operating Period 2-5 years

Minimum Deposit $100

Spread N/A

Licenses N/A

Contact Email support@murrentrade.com

Contact Number +66629788941

Website www.murrentrade.com

Balanced Review

Pros & Cons

Pros

Offshore regulated by MISA
Trading instruments include Forex, gold, indices, and cryptocurrencies
Platform: MetaTrader 5 with advanced charting tools
Leverage up to 1:500 available
Spreads starting from 0.1 pips for VIP accounts

Cons

Offshore regulation by MISA
No demo accounts available
High minimum deposit for VIP account ($10,000)
Limited educational resources for beginners
Withdrawal delays reported by users

Compliance Desk

Regulatory Licenses

0.0/10

No structured regulatory license cards have been configured yet.

Peer Benchmark

Broker Comparison

Feature	Murrentrade	Anzo Capital	Focus Markets	AvaTrade
Operating Period	2-5 years	See review	See review	See review
Region	Saint Vincent and the Grenadines	See review	See review	See review
Minimum Deposit	$100	See review	See review	See review
Spread	N/A	See review	See review	See review
Trust Score	1.9/10	See review	See review	See review

Product Fit

Account Types

What Account Types and Fees Does Murrentrade Offer?

Account Type	Target User Group	Essential Characteristics	Applicability Notes
Classic Account	Beginners or traders with limited experience	Basic features with low minimum deposit	Suitable for small-capital practice
Standard Account	Intermediate traders seeking additional tools	Enhanced functionalities with moderate spreads	Requires a minimum deposit of $100
VIP Account	Experienced traders or those with larger volumes	Premium support and lower spreads	Minimum deposit of $10,000 required

Account Opening Process

To open an account with Murrentrade, individuals must follow a straightforward process:
1. Submit personal information, including name, contact details, and date of birth.
2. Provide employment information, indicating current occupation and employer details.
3. Fill out financial information, detailing trading experience and investment goals.
4. Complete identity verification by uploading valid identification (ID) and proof of address documents.
5. Once the account is set up, users have the flexibility to upgrade to a professional account later, depending on their trading volume and experience.

Trading Fees

Product	Spread (pips)	Commission	Notes
Forex (EUR/USD)	0.3	$8 (Classic), $7 (Standard), $0 (VIP)	Tight spreads for major pairs
CFDs (S&P 500)	1.2	$8	Competitive pricing for indices
Commodities (Crude Oil)	0.5	$7	Favorable conditions for commodities
Cryptos (BTC/USD)	1.0%	0.1%	Variable depending on volatility

Other Fees

In addition to trading fees, Murrentrade may charge other fees including:
– Deposit/Withdrawal Fees: Fees may apply depending on the payment method used.
– Inactivity Fees: Accounts inactive for an extended period may incur a fee.
– Platform Usage Fees: If applicable, charges for specific platform features may apply.
– Overnight Interest (Swap Rates): Fees applied for positions held overnight, which can vary based on market conditions.
– Currency Conversion Fees: Fees may be applied for account transactions in different currencies.

Editorial Verdict

Expert Verdict

R

Research Desk

Senior Broker Analyst

Our review desk considers this broker unsuitable for most traders until transparent licensing, stronger compliance evidence, and clearer client-fund protections are demonstrated.

Funding Desk

Deposit & Withdrawal Methods

No structured payment methods have been configured yet.

Trader Feedback

Murrentrade User Reviews

3.0

★ ★ ★ ★ ★

4 total reviews

5 star

4%

4 star

4%

3 star

4%

2 star

20%

1 star

60%

John Smith

Los Angeles, CA

★ ★ ★ ★ ★

I have been trying to withdraw my funds for over two weeks now with no success. I’ve reached out to customer support multiple times, but they are unresponsive. This has been a frustrating experience, and I cannot recommend Murrentrade to anyone looking for a reliable trading platform.

Emily Johnson

Miami, FL

★ ★ ★ ★ ★

Overall, I had a positive experience with Murrentrade. The platform is user-friendly and the execution speed is impressive. I faced a minor issue with a withdrawal, but their support team resolved it quickly. I appreciate their competitive spreads and the range of assets available for trading.

Mike Anderson

Toronto, ON

★ ★ ★ ★ ★

Unfortunately, my experience with Murrentrade has not been great. The customer support is slow to respond, and my withdrawals have been delayed significantly. While the trading platform itself is decent, I expected better service for my investments.

Sarah Lee

Singapore

★ ★ ★ ★ ★

I absolutely love trading with Murrentrade! Their MT5 platform is intuitive, and I can execute trades quickly without any lag. The bonuses they offer are fantastic, and I received my withdrawal within 10 minutes. Highly recommend for both beginners and experienced traders!

Saint Vincent and the Grenadines Market