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MRG MEGA BERJANGKA , CWG Markets Broker Comparison

Do you want to know which is the better broker between MRG MEGA BERJANGKA and CWG Markets ?

In the table below, you can compare the features of MRG MEGA BERJANGKA , CWG Markets side by side to determine the best fit for your needs.

  • Rating
  • Basic Information
  • Trading Env.
  • Account Info
  • Related News
  • Relevant Exposures
  • Rating
  • Basic Information
  • Trading Env.
  • Account Info
  • Related News
  • Relevant Exposures
 2 / 3  forex brokers comparison in total
Rating
Score
Regulatory Status
WikiFX Guarantee
WikiFX Survey
Risk Evaluation
Exposure
Basic Information
Est. Date
Regulatory License
MT4
MT5
Crypto
Deposit/Withdrawal Methods
Trading Env.
Trading Environment Rating
Execution Speed
Trading Speed Rating
Average Execution Speed
Minimum Execution Latency
Minimum Open Latency
Minimum Close Latency
Maximum Execution Latency
Maximum Open Latency
Maximum Close Latency
Slippage
Slippage Rating
Average Slippage
Max Slippage
Maximum Positive Slippage
Maximum Negative Slippage
Trading Cost
Trading Cost Rating
  • Average Trading Cost
  • (EURUSD)
  • Average Trading Cost
  • (XAUUSD)
Swap
Swap Rating
  • Average Trading Cost
  • (EURUSD)
  • Average Trading Cost
  • (XAUUSD)
Disconnection Instances
Disconnection Rating
Avg. Disconnection Frequency (/day)
Avg. Reconnection Time
Account Info
Accounts
Account Name
Trading Instruments
Minimum Deposit
Maximum Leverage
Typical Spread
Stop-Out Level
Spread Types
Minimum Trade Size
Crypto
Lock Position
Scalping
EA Trading
MRG MEGA BERJANGKA
7.21
Regulated
Under guarantee
--
--
5-10 years
BAPPEBTI,JFX
--
--
--
--
--
--
--
--
--
--
--
--
--
--
--
--
--
--
--
--
--
--
--
--
--
--
--
--
--
--
--
--
--
--
--
--
CWG Markets
7.39
Regulated
Under guarantee
5-10 years
FCA,FSCA,VFSC
Neteller,Skrill,Pay Retailers,ECOM,ASIA BANKS,Bank transfer,Help2Pay,kora,UnionPay,77Pay,5HPay,STICPAY
B
C
567.3
139
139
139
1994
1973
1994
B

EURUSD: 2.1

XAUUSD: -3.5

1
--
1
C
19.67 USD/Lot
25 USD/Lot
AA

Long: -5.7

Short: 1.71

Long: -54.78

Short: 16.67

AA
0.1
80.5
ECN,Standard,Cent,Islamic (Swap-Free)
--
$200
1:2000
0.0
50.00
--
--
--

MRG MEGA BERJANGKA 、 CWG Markets BrokerRelated News

CWG Markets BrokerRelevant Exposures

Which broker is more reliable?

To evaluate a broker's reliability and trustworthiness, consider the following four factors:

1.Forex broker introduction。

2.Do mrg and cwg-markets have lower transaction costs?

3.Which broker is safer?

4.Which broker offers the best trading platform?

Based on these four factors, we can compare which is reliable. We have broken down the reasons as follows:

Forex broker introduction

mrg
MRG Mega Berjangka Limited
Founded1998
Registered Country/RegionIndonesia
RegulationBAPPEBTI and JFX
Market InstrumentsForex, gold, US Index & Crude Oil
Account TypesGOLD, SILVER, PLATINUM
Demo AccountAvailable
Leverage1 : 100
SpreadFrom 0.8 pips
Deposit & Withdrawal/
Trading PlatformMT4
Minimum Deposit$300
Customer SupportPhone:021 7278 1710
Live chat
Senayan City, Panin Tower Lt. 22 Jl.Asia Afrika Lot 19, Jakarta Selatan 10270

MRG Mega Berjangka Information

PT. MRG Mega Berjangka, a company engaged in futures trading and more commonly known as MRG Mega Berjangka, was established in 1998. It offers a diverse range of trading instruments including forex, gold, US Index, and Crude Oil.

There are three account types: GOLD, SILVER, and PLATINUM, with a minimum deposit requirement of $300 and a leverage ratio of 1:100. The platform provides the MetaTrader 4 platform across multiple systems.

MRG Mega Berjangka Informatio

Is MRG Mega Berjangka Legit?

Yes, it has two licenses in Indonesia.

Regulatory AuthorityRegulatory StatusLicense TypeRegulated CountryLicense Number
Badan Pengawas Perdagangan Berjangka Komoditi (BAPPEBTI)RegulatedRetail Forex LicenseIndonesia05/BAPPEBTI/SI/XII/2000
Jakarta Futures ExchangeRegulatedRetail Forex LicenseIndonesiaSPAB - 001/BBJ/09/00
Is MRG Mega Berjangka Legit?
Is MRG Mega Berjangka Legit?

Account Types

GOLDSILVERPLATINUM
Spread (Start from)2.30.82.3
CommissionForex & Gold: 30 per Lot; Index & Crude Oil: 20 per Lot$8 per LotForex & Gold: 30 per Lot; Index & Crude Oil: 20 per Lot
Min. Lot0.1 Lot0.1 Lot1 Lot
Max. Lot10 Lots3 Lots50 Lots
Max. Open LotUnlimited5 LotsUnlimited
Leverage1 : 1001 : 2001 : 100
Min. Stop & Limit Order2 Points2 Points2 Points
Trading StyleNo ArbitrageNo ArbitrageNo Arbitrage
Min. Deposit$500$300$5,000
Account Trading RulesGold Acc: Forex & Gold; Gold Acc: US Index & Crude OilSilver Acc: [Not specified in the given data]Platinum Acc: Forex & Gold; Platinum Acc: US Index & Crude Oil
Account Types

MRG Mega Berjangka Fees

The GOLD and PLATINUM accounts share the same fee model, charging 30/lot for forex & gold and 20/lot for indices & crude oil, with spreads starting at 2.3 pips.

In contrast, the SILVER account offers the lowest spread at 0.8 pips but applies a flat commission of $8/lot across all instruments.

Trading Platform

MRG Mega Berjangka offers MetaTrader 4 trading platform. It includes MetaTrader 4 for Windows systems, the MetaTrader version for Apple iOS devices, and the MetaTrader mobile app for Android devices. You can choose to download it according to your own needs.

Trading Platform

Deposit & Withdrawal

MRG Mega Berjangka has not specified the specific deposit methods and fees, but has shown the detailed deposit steps:

Deposit steps

  1. Enter the username and password obtained during registration in the login field and click “Login”.
  2. After obtaining the MetaTrader login ID and password, select the “Top-Up” menu.
  3. Enter the amount of funds you wish to deposit.
  4. Select “Local Bank Transfer” and choose the account listed with an amount that matches the data you entered (MRG Mega Berjangka does not use the auto-debit function for the security of customer funds).
  5. Ensure that all deposit information is filled in correctly, and then click “Submit”.

Withdrawal steps

  1. Enter the username and password obtained during registration in the login field and click “Login”.
  2. Select the “Withdrawal” menu.
  3. Enter the withdrawal amount (in Indonesian Rupiah). Make sure all withdrawal information is filled in correctly, and then click “Submit”.

Notes

  • Withdrawal requests submitted between 00:00 and 12:00 WIB (Western Indonesia Time) will be processed no later than 16:00 on the same day.
  • Withdrawal requests submitted between 12:00 and 00:00 WIB will be processed no later than 12:00 on the next day.
Deposit steps

cwg-markets
CWG Markets Review Summary
Founded2023-05-23
Registered Country/RegionUnited Kingdom
RegulationOffshore Regulated(VFSC)/Regulated(FCA)
Market InstrumentsForex/CFD stock/Precious metals/Energy/Indices/Com. Futures
Demo Account
LeverageUp to 1:1000
SpreadFrom 0.0 pips
Trading PlatformCWG
Min Deposit$10
Customer SupportEmail: service@cwgmarkets.com
Phone: +44 2037699268, +60 1800819380
Live chat
Facebook/LinkedIn/Instagram

CWG Markets Information

CWG Markets, a registered investment firm, is the trading name of the CWG Group of companies that provides various tradable instruments including forex, CFD stock, precious metals, energy, indices, and com. futures. The broker also provides four live accounts with a maximum leverage of 1:1000. The demo and Islamic accounts are also available. The minimum spread is from 0.0 pips and the minimum deposit is $10.

CWG Markets Information

Pros and Cons

Pros Cons
Various tradable instrumentsHigh max leverage
Offshore Regulated(VFSC)/Regulated(FCA)MT4/MT5 unavailable
Spread from 0.0 pipsSome negative comments
Demo account available

Is CWG Markets Legit?

Regulated CountryRegulated AuthorityRegulated EntityLicense TypeLicense NumberCurrent Status
Is CWG Markets Legit?
VFSCCWG MARKETS LTDRetail Forex License41694Offshore Regulated
Is CWG Markets Legit?
FCACWG Markets LtdMarket Making(MM)785129Regulated
Is CWG Markets Legit?
Is CWG Markets Legit?
Is CWG Markets Legit?

What Can I Trade on CWG Markets?

CWG Markets offers 500+ market instruments, including forex, CFD stock, precious metals, energy, indices, and com. futures.

Tradable Instruments Supported
Forex
Energy
CFD Stock
Indices
Precious Metals
Com. Futures
Shares
Commodities
Cryptocurrencies
ETFs
Bonds
Mutual Funds
What Can I Trade on CWG Markets?

Account Type

CWG Markets has four account types: Instant, Standard, Advanced, and Institutional. Traders who want low spreads and leverage can choose an institutional account, while those with a small budget can open an instant account. In addition, the demo account is predominantly used to familiarize traders with the trading platform and for educational purposes only. Copy trading is also available, a way for inexperienced traders or followers who dont have the time to do extensive research or want to diversify their portfolio to copy the trades of experienced traders (also known as money managers or copy trading gurus). Muslims are allowed to open Islamic accounts without swaps.

Account Type InstantStandardAdvancedInstitutional
Minimum Deposit$10$50$200$30000
Spreads2.2 pips1.5 pips0.0 pips0.0 pips
Maximum Leverage1:10001:5001:5001:100
Commission$0 Per Side$0 Per Side$3 Per Side$1.5 Per Side
Stop Out Level50%50%50%50%

CWG Markets Fees

The spread starts from 0.0 pips, the commission is from $0 per side, and the swap is as low as 0. The lower the spread, the faster the liquidity.

Leverage

The maximum leverage is 1:1000 meaning that profits and losses are magnified 1000 times.

Trading Platform

CWG Markets provides a propriety trading platform, instead of the authoritative MT4/MT5 with mature analysis tools and EA intelligent systems.

Trading PlatformSupported
CWG
Trading Platform

Deposit and Withdrawal

The first deposit amount must be $10 or above. CWG Markets accepts Visa, Mastercard, UnionPay, Poli, PayPal, Skrill, Neteller, Bank Transfer, etc. for deposit and withdrawal and commissions are free. CWG Markets does not charge any fees for withdrawals and covers the payment provider's fees for your first five withdrawals each month. For additional withdrawals beyond this limit, a $5 fee is applied to each transaction. Deposit processing times are instant and withdrawal processing times are within 72 hours.

Deposit:

Payment OptionCurrenciesCommissionProcessing TimeEstimated Arrival Time
SkrillUSD/EURFreeWithin 30 minutesInstantly
NetellerUSD/EURFreeWithin 30 minutesInstantly
SticpayGBP/USD/EURFreeWithin 30 minutesInstantly
China UnionPayCNYFreeWithin 30 minutesInstantly
Bank TransferGBP/USD/EURFreeWithin 72 hoursInstantly
Help2PayTHB/VND/IDRFreeWithin an hourInstantly
5PayTHB/VND/IDRFreeWithin 24 hoursInstantly
5PayUSDT-ERC20/USDT-TRC20FreeWithin an hourInstantly
77payVNDFreeWithin an hourInstantly
KoraNGN/ZAR/KES/GHS/USDFreeWithin an hourInstantly
Pay RetailersSupport all South American countriesFreeWithin an hourInstantly
Asia BanksIDR/VND/MYRFreeWithin an hourInstantly
ECOMVNDFreeWithin an hourInstantly

Withdrawal:

Payment OptionCurrenciesCommissionProcessing TimeEstimated Arrival Time
SkrillUSD/EURFreeWithin an hourInstantly
NetellerUSD/EURFreeWithin an hourInstantly
SticpayGBP/USD/EURFreeWithin an hourInstantly
China UnionPayCNYFreeWithin an hour1-72 hours
Bank TransferGBP/USD/EURFreeWithin an hour1-72 hours
Help2PayTHB/VND/IDRFreeWithin an hour1-48 hours
5PayTHB/VND/IDRFreeWithin an hour1-24 hours
5PayUSDT-ERC20/USDT-TRC20FreeWithin an hour1-48 hours
77payVNDFreeWithin an hour1-48 hours
KoraNGN/ZAR/KES/GHS/USDFreeWithin an hour1-48 hours
Pay RetailersSupport all South American countriesFreeWithin an hour1-48 hours
Asia BanksIDR/VND/MYRFreeWithin an hour1-48 hours
ECOMVNDFreeWithin an hour1-48 hours
Deposit and Withdrawal

Bonus

A deposit bonus can be 100% when traders register and deposit funds. Up to $2,000 per account.

Do mrg and cwg-markets have lower transaction costs?

To compare transaction costs across different brokers, our experts analyze the transaction-specific fees (such as spreads) and non-trading fees (such as inactivity fees and payment costs).

To get a comprehensive understanding of how cheap or expensive mrg and cwg-markets are, we first considered common fees for standard accounts. On mrg, the average spread for the EUR/USD currency pair is -- pips, while on cwg-markets the spread is 0.0.

Which broker between mrg, cwg-markets is safer?

To determine the safety of our top brokers, our experts will consider many factors. This includes which licenses the broker holds and the credibility of these licenses. We also consider the history of brokers, because long-term brokers are usually more reliable and trustworthy than new brokers.

mrg is regulated by BAPPEBTI,JFX. cwg-markets is regulated by FCA,FSCA,VFSC.

Which broker between mrg, cwg-markets provides better trading platform?

When our experts review brokers, they will open their own accounts and trade through the broker's trading platform. This enables them to comprehensively evaluate the quality, ease of use, and function of the platform.

mrg provides the -- platform with products like --; cwg-markets offers the ECN,Standard,Cent,Islamic (Swap-Free) platform featuring assets including --.

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