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mrgmarkets.com Broker Review
Our Overall Rating
The company MRG Markets has it`s the office in Berlin, Germany and is registered under MRGMarkets Financial Services Ltd. It offers spreads (which are pretty high on the Basic account, starting from 2.5 pips on EUR/USD), execution and liquidity is through 4 account types: Bronze, Silver, Gold and Platinum. MRG Forex offers its clients the most extensively used trading platform, MetaTrader 4 (MT4), available as desktop and mobile versions.
You can find various negative complaints posted on a public forum about this broker and it was claimed that they use anonymous services to hide their identity. Also, that MRG Markets and Youtradefx are the same company.
On 7 April 2015 the National Commission for Companies and the Stock Exchange (Commission Nazionale per le Società e la Borsa) issued a warning against MRGMarkets and reported that the company MRGMarkets is not authorised to provide investment services and business in Italy in any way, including through the website www.mrgmarkets.com. Warnings also state that If the traders deal with an unauthorised firm then they will not be covered under any governed bodies. Therefore, it is suggested to take precautions before investing your money and beware of fraudsters pretending to be an authorised firm, as it could be a ‘clone firm’.
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