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Mur Fx Markets Limited

India|1-2 years|
Suspicious Scope of Business|High potential risk|


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+91 953 778 2931


No valid regulatory information, please be aware of the risk!

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Previous Detection : 2024-04-24
  • It has been verified that this broker currently has no valid regulation. Please be aware of the risk!
  • The current information shows that this broker does not have a trading software. Please be aware!

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Mur Fx Markets Limited · Company Summary

Aspect Information
Company Name Mur Fx Markets
Registered Country/Area India
Founded Year 2019
Regulation Unregulated
Minimum Deposit $100
Market Instruments Forex,Commodities,Indices
Account Types Raw account,real 1.0,real 2.0
Leverage Up to 1:500
Spreads&commissions Spreads:0.2-2.5pip,commissions:0-$7
Trading Platforms MT5 platform
Demo Account Available
Customer Support,Phone: +230 5973 1371,+91 9537782931
Deposit & Withdrawal Skrill,NEETER,tether
Educational Resource Economic calendar

Overview of Mur Fx Markets

Mur Fx Markets, established in 2019 and based in India, operates as an unregulated financial services company. They offer a minimum deposit requirement of $100 and provide a range of market instruments including Forex, commodities, and indices.

Their account options include Raw account, Real 1.0, and Real 2.0, with spreads and commissions starting from as low as 0.0001 pip. The company uses the MT5 trading platform and also offers a demo account for practice trading. For customer support, they provide email and phone contacts.

Mur Fx Markets facilitates deposits and withdrawals through methods like Skrill, NEETER, and Tether. Additionally, they offer an economic calendar as an educational resource for traders.

Overview of Mur Fx Markets

Is Mur Fx Markets Limited Legit or a Scam?

Mur Fx Markets is currently unregulated, meaning that they do not have oversight from any financial regulatory authorities. This status is significant for potential clients, as it implies that the company does not adhere to the strict rules and regulations typically enforced by financial authorities to protect investors.

The lack of regulatory oversight can lead to increased risks for traders, such as fewer guarantees on the security of funds and less recourse in the event of disputes or malpractices. Therefore, individuals considering trading with Mur Fx Markets should be aware of these risks associated with unregulated entities.

Pros and Cons

Pros Cons
Diverse Market Instruments Unregulated
Low Spreads and Commissions Potential Increased Risks
Advanced Trading Platform Limited Geographic Reach
Demo Account Availability Limited Educational Resources
Multiple Deposit and Withdrawal Options Customer Support Concerns

Pros of Mur Fx Markets:

  1. Diverse Market Instruments: Mur Fx Markets offers a range of trading options including Forex, commodities, and indices, catering to a wide variety of traders and investment preferences.

  2. Low Spreads and Commissions: The company boasts of having spreads and commissions starting from as low as 0.0001 pip, which can be advantageous for traders looking to minimize trading costs.

  3. Advanced Trading Platform: Utilization of the MT5 platform, known for its advanced features and tools, provides traders with a robust platform for executing trades and analyzing market trends.

  4. Demo Account Availability: The provision of a demo account allows new traders to practice and get accustomed to the trading environment without risking real money.

  5. Multiple Deposit and Withdrawal Options: Offering various methods like Skrill, NEETER, and Tether for deposits and withdrawals adds convenience for clients in managing their funds.

Cons of Mur Fx Markets:

  1. Unregulated Status: Being unregulated raises significant concerns about the safety of client funds and the overall reliability of the company, as there is no regulatory oversight to ensure compliance with financial standards.

  2. Potential Increased Risks: The lack of regulation can lead to increased risks for traders, such as potential for fraud, less transparency, and fewer protections against malpractices.

  3. Limited Geographic Reach: Based in India, the company might not offer services globally or might have limitations in certain jurisdictions, which can be a disadvantage for international traders.

  4. Limited Educational Resources: While an economic calendar is provided, the company seems to offer limited educational resources, which might not be sufficient for new traders seeking comprehensive learning materials.

  5. Customer Support Concerns: Relying primarily on email and phone for customer support might not be as efficient or responsive as other companies that offer more immediate or varied support channels like live chat or 24/7 service.

Market Instruments

Mur Fx Markets offers a diverse range of market instruments for trading, which include:

  1. Forex: They provide access to the foreign exchange market, allowing traders to engage in currency trading involving major, minor, and exotic currency pairs.

  2. Commodities: This includes trading in various commodities, which could range from energy sources like oil and natural gas to precious metals like gold and silver, as well as agricultural products.

  3. Indices: Traders can also engage in trading indices, which are measures of the performance of groups of stocks representing a segment of the stock market.

These instruments provide traders with a variety of options to diversify their investment portfolio and engage in different types of market strategies.

Market Instruments
Market Instruments
Market Instruments

Account Types

Raw Account:

The Raw Account offered by Mur Fx Markets is designed for more experienced traders, featuring a high leverage of 1:500.

This account has a starting spread of 0.2 and requires a minimum deposit of $5000, which is relatively higher, indicating its suitability for serious traders.

A commission of $7 is charged on trades. Notably, this account does not involve SWAPS, which can be beneficial for traders holding positions overnight. The trading is facilitated through the MT5 platform, known for its advanced trading features and tools.

Real 1.0 Account:

The Real 1.0 Account is a more accessible option, suitable for a broader range of traders, including beginners. It also offers a high leverage of 1:500.

The spreads start from 1.5, which is slightly higher than the Raw Account. This account is more approachable with a minimum deposit requirement of $100, making it accessible to traders with smaller capital.

There are no commissions on trades in the Real 1.0 Account, and like the Raw Account, it does not involve SWAPS. Trading is conducted on the MT5 platform, providing a comprehensive trading experience.

Real 2.0 Account:

The Real 2.0 Account is another variant that Mur Fx Markets provides, also with a leverage of 1:500. It features spreads starting from 2.5, which are higher compared to the other account types.

This account also has a low entry barrier with a minimum deposit of $100, catering to traders who may not have large amounts of capital.

Similar to the Real 1.0, the Real 2.0 Account does not charge any commission on trades and is SWAPS-free. The MT5 platform is used for trading, ensuring access to advanced trading functionalities.

Account Types
Account Type Leverage Spread from Min. Deposit ($) Commission ($) SWAPS Platform
Raw 1:500 0.2 5000 7 No MT5
Real 1.0 1:500 1.5 100 No No MT5
Real 2.0 1:500 2.5 100 No No MT5

How to Open an Account?

Opening an account with Mur Fx Markets can typically be done through a straightforward process. Here's a general guide in four steps:

  1. Visit the Official Website:

    Start by navigating to the Mur Fx Markets website. Look for the section dedicated to account opening or registration. This is usually prominently displayed on the homepage or under a tab like “Open Account.”

  2. Choose the Account Type:

    Decide which account type suits your trading needs and experience level. Mur Fx Markets offers different account types such as Raw, Real 1.0, and Real 2.0, each with unique features like varying minimum deposits and spreads. Select the one that aligns with your investment strategy and capital availability.

  3. Complete the Registration Form:

    Fill in the registration form with your personal details, contact information, and any required financial information. This might include your name, address, email, phone number, and financial background.

  4. Verify Your Account and Deposit Funds:

    After submitting the registration form, you will likely need to verify your identity and residence. This usually involves uploading documents like a government-issued ID and a utility bill or bank statement for address verification.

After these steps, your account should be set up and ready for trading. Always ensure to read and understand the terms and conditions of the broker and trading in general, especially considering the risks associated with unregulated entities.

How to Open an Account?


Mur Fx Markets offers a high leverage ratio of 1:500 across all its account types, including the Raw, Real 1.0, and Real 2.0 accounts. This level of leverage allows traders to control a large position in the market with a relatively small amount of invested capital.

For example, with 1:500 leverage, a trader can control a position worth $500 for every $1 of their own capital. While high leverage can amplify potential profits, it also significantly increases the risk of substantial losses, especially in volatile market conditions.

Traders should exercise caution and consider their experience and risk tolerance when utilizing such high leverage.

Spreads & Commissions

Mur Fx Markets offers varying spreads and commissions across its different account types, tailored to suit different trading styles and preferences:

  1. Raw Account:

    1. Spread: The Raw account features a very low starting spread from 0.2. This tight spread is particularly advantageous for high-volume traders and those who use scalping strategies.

    2. Commission: A commission of $7 is charged on trades. While there is a commission cost, the combination of low spreads and a fixed commission can be cost-effective for certain trading strategies.

  2. Real 1.0 Account:

    1. Spread: Spreads in the Real 1.0 account start from 1.5. These are wider compared to the Raw account but are still competitive. This account might be more suitable for traders who prefer a no-commission trading structure.

    2. Commission: There is no commission charged on the Real 1.0 account, making it a straightforward option for traders who want to avoid additional transaction fees.

  3. Real 2.0 Account:

    1. Spread: The Real 2.0 account has spread starting from 2.5. These are the widest among the three account types and may be more suitable for long-term traders who are less affected by spread sizes.

    2. Commission: Similar to the Real 1.0 account, the Real 2.0 account does not charge any commission on trades.

These spread and commission structures provide traders with a range of options depending on their trading strategy, frequency, and cost considerations. It's important for traders to choose the account type that best aligns with their trading style and cost preferences.

Spreads & Commissions
Account Type Spread from Commission ($)
Raw 0.2 7
Real 1.0 1.5 No
Real 2.0 2.5 No

Trading Platform

Mur Fx Markets utilizes the MetaTrader 5 (MT5) platform for its trading activities across all account types. MT5 is a highly advanced and widely recognized trading platform known for its robust functionality and versatility.

It offers a range of features including advanced charting tools, numerous technical indicators, algorithmic trading capabilities through Expert Advisors (EAs), and comprehensive market analysis tools.

The platform supports trading in forex, commodities, and indices, aligning with the market instruments offered by Mur Fx Markets. MT5 is designed to cater to both novice and experienced traders, offering a user-friendly interface while also providing sophisticated features for complex trading strategies.

Its multi-asset trading capability makes it a popular choice among traders looking for a comprehensive and efficient trading experience.

Trading Platform

Deposit & Withdrawal

Mur Fx Markets offers various options for deposit and withdrawal, including some popular methods to facilitate easy and convenient transactions for their clients. Additionally, they have set specific minimum deposit requirements for their account types.

  1. Deposit & Withdrawal Methods:

    1. Mur Fx Markets accepts deposits and processes withdrawals through a range of methods including Skrill, NEETER, and Tether.

    2. Skrill is a well-known e-wallet offering quick and secure transactions.

    3. NEETER refers to a similar online payment service, and Tether (USDT) is a cryptocurrency that offers the stability of being pegged to the US Dollar, making it a popular choice for traders in the volatile crypto market.

  2. Minimum Deposit:

    1. The minimum deposit required varies based on the type of account. For the Raw account, the minimum deposit is $5000, which is relatively high and might be more suitable for experienced or professional traders.

    2. For the Real 1.0 and Real 2.0 accounts, the minimum deposit is more accessible at $100, making these accounts more approachable for a wider range of traders, including beginners or those with limited capital.

It's important for potential clients to consider both the deposit and withdrawal methods and the minimum deposit requirements when choosing an account type with Mur Fx Markets.

Deposit & Withdrawal

Customer Support

Mur Fx Markets provides customer support through multiple channels, ensuring that clients have various ways to reach out for assistance.

Their main office is located at Level 6, Ken Lee Building, 20 Edith Cavell Street, Port Louis, Mauritius, which serves as their physical address for any direct correspondence or in-person queries.

Clients can contact them via phone with two numbers available: one is a Mauritius-based number (+230 5973 1371), and the other appears to be an India-based number (+91 9537782931), indicating support for clients in different geographic locations.

Additionally, they offer support through email at, providing an alternative for those who prefer digital communication or need to send documents or detailed inquiries.

This multi-channel approach to customer service aims to cater to a diverse clientele, ensuring accessibility and convenience in addressing client concerns.

Customer Support

Educational Resource

Mur Fx Markets offers an educational resource in the form of an Economic Calendar, a tool that is particularly valuable for traders who incorporate fundamental analysis into their trading strategies.

An Economic Calendar is a schedule of key economic events and indicators that are influential in financial markets, such as GDP announcements, unemployment rates, central bank decisions, and other critical economic data.

By providing this calendar, Mur Fx Markets enables traders to stay informed about upcoming events that could impact market conditions and influence their trading decisions. This tool is essential for planning trades and managing risk, as it helps traders anticipate market volatility and prepare accordingly.

Educational Resource


In conclusion, Mur Fx Markets, an unregulated financial service provider based in India, offers a variety of trading options including Forex, commodities, and indices, with a focus on providing flexible trading conditions.

They cater to different types of traders through their multiple account types, each featuring a high leverage of 1:500 and various spreads and commission structures. The MT5 platform is utilized, enhancing the trading experience with its advanced features.

The company supports various methods for deposits and withdrawals, although it's notable that their educational resources are limited primarily to an economic calendar.

While they provide multiple channels for customer support, potential clients should exercise caution due to their unregulated status, which may carry certain risks.

Mur Fx Markets appears to be geared towards traders who are looking for diverse trading instruments and flexible account options, but who are also aware of and comfortable with the implications of trading with an unregulated broker.


Q:Is Mur Fx Markets regulated?

A:No, Mur Fx Markets is currently unregulated, which means they do not have oversight from financial regulatory authorities.

Q:What types of accounts does Mur Fx Markets offer?

A:Mur Fx Markets offers several account types, including Raw, Real 1.0, and Real 2.0, each with different features like varying minimum deposits, spreads, and commission structures.

Q:What is the minimum deposit required to open an account?

A:The minimum deposit varies by account type: $5000 for the Raw account and $100 for both Real 1.0 and Real 2.0 accounts.

Q:What trading platform is used by Mur Fx Markets?

A:Mur Fx Markets utilizes the MetaTrader 5 (MT5) platform for all its trading activities.

Q:How can I contact Mur Fx Markets for support?

A:You can contact them via email at, or by phone at +230 5973 1371 (Mauritius) and +91 9537782931 (India).

Q:What educational resources does Mur Fx Markets provide?

A:Mur Fx Markets provides an Economic Calendar as their primary educational resource for traders.

Q:What methods can be used for deposits and withdrawals?

A:Deposits and withdrawals can be made through various methods including Skrill, NEETER, and Tether at Mur Fx Markets.

Broker Information

Company Name

Mur Fx Markets Limited

Company Abbreviation

Mur Fx Markets Limited

Regulatory Status

No Regulation

Platform registered country and region


Phone of the company
  • +91 953 778 2931

  • +971 54 756 5488









Company address

  • Level 6 Ken Lee Building 20, Edit Cavell Street, Port Louis, Mauritius









Customer Service Email Address

Company Summary

User Reviews

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more than one year
I have been using demo trading on this platform for two months, and the spreads were not as low as they advertised. I traded forex and indices most, and spreads can become as high as 200 pips sometimes, which stopped my further action.
2023-03-03 11:25
more than one year
Never faced any issue with withdrawals and good customers support 😎
2023-02-21 22:16
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