Mugan Markets Broker Review 2025

Mugan Markets offers trading services through 5 live accounts [Classic ECN, Trader ECN, Custom ECN, Classic Cent, Trader Cent] with a $50 minimum deposit for all except the Custom one.

The maximum leverage across all accounts is 1:500, and the minimum order size is 0.01 lots.

Mugan Markets Company Information & Regulation

Mugan Markets is operated by Meydan Ltd and is headquartered in the Marshall Islands. The company is incorporated and registered in the Trust Company Complex, Ajeltake Road, Ajeltake Island, Majuro, Marshall Islands, MH96960. This broker was founded in 2015.

Per our investigations, the discussed brokerage is not regulated or supervised by any financial authorities.

Mugan Markets Broker Summary of Key Specifics

Here's a quick overview of the company's notable features and parameters as a Forex broker:

Account Types Overview And Comparison

Mugan Markets provides 5 real account types for trading in financial markets. The table below discussed these accounts:

The broker also provides a demo account for practice trading.

Noteworthy Advantages And Disadvantages

Let's evaluate the important pros and cons of trading with Mugan Markets:

Mugan Markets Broker Account Opening and Identity Verification

Creating an account on Mugan Markets takes under 7 minutes and grants immediate access to the trading dashboard. The Mugan Markets registration process includes filling out personal and trading preferences, followed by email-based PIN verification for secure login.

#1 Complete the Sign-Up Form

Click “Open Live Account” on the Mugan Markets website. Enter your details, including:

• First name
• Last name
• Email
• Phone number
• Country
• Account type
• Base currency
• Leverage

Submit the form after accepting the terms.

#2 Verify Your Email Address

Open the email from Mugan Markets and click the activation link to confirm your email address.

#3 Access Your Dashboard

Go to the login page, enter your credentials, and paste the PIN code you received to access the client portal and initiate the Mugan Markets verification process.

#4 Complete the KYC Procedure

Navigate to the KYC section through the client dashboard and upload supporting documents, including:

• Proof of Identity: Passport or Driving license
• Proof of Address: Utility bill or Bank statement

What Trading Platform Is Available on Mugan Markets?

Mugan Markets exclusively supports MetaTrader 4 (MT4), delivering a stable and feature-rich trading environment with one-click execution, EA support, scalping/hedging, and lightning-fast order fills without slippage or re-quotes.

• Windows
• macOS
• MT4 Android
• MT4 iOS

TradingFinder has developed a wide range of MT4 indicators that you can use at no cost.

Commissions and Spreads Details

Mugan Markets has set a specific commission/spread structure for each account type:

The broker does not provide any details regarding other fees and costs.

Available Payment Options in Mugan Markets

Deposits and withdrawals can be made through bank transfers, credit/debit cards, and Cryptocurrencies, with support for EUR, USD, GBP, and ZAR. Transactions are processed via the Mugan Markets Client Portal.

• Credit/Debit Cards: VISA and MasterCard
• Bank Wire Transfer: Via bank accounts
• Cryptocurrencies: BTC, ETH, USDT, USDC, and BNB

Copy Trading And Other Passive Earning Services

Based on our investigations of the broker, the only passive earning option available is the PAMM service. Traders can deposit their funds into PAMM accounts and earn profits based on the manager's strategies.

Mugan Markets doesn't offer a copy trading service.

Accessible Trading Symbols and Assets on Mugan Markets

The broker provides access to 200+ symbols across three asset classes, including the Forex market, metals, and cryptocurrencies.

• Forex: Major, minor, and exotic currency pairs
• Cryptocurrencies: CFDs on BTC, ETH, XRP, and more
• Metals: Precious metals, such as gold, silver, and copper

Are There Any Available Bonuses?

Mugan Markets offers a 100% deposit bonus of up to $20,000, credited instantly to the client's account. Key Points About The Bonus:

• Minimum deposit to qualify is $250;
• Bonus is withdrawable per T&Cs (a unique feature compared to many brokers);
• It's not available on Cent accounts.

We will update this page in case of any changes, new promotions, etc.

Mugan Markets Support Services

Support is available through website chat and social media (Twitter, Instagram). The broker does not provide phone-based support but maintains direct messaging channels for inquiries.

• Email: support@muganmarkets.com
• Ticket System: Available on the broker's website

As opposed to most other brokerages, there is no live chat option available for contacting the support team in Mugan Markets. Also, no data is provided regarding the schedule.

Restricted Countries

International sanctions, local regulations, and other measures restrict global brokers to offer their services to select regions. Mugan Markets states on its website that these countries are not accepted:

• United States
• France
• Belgium
• Cuba
• North Korea
• Any other jurisdiction with restricted trading rights, such as Iran, Iraq, Yemen, and so on

Trust Scores and Evaluations

Lower than average reviews and scores have been submitted on Mugan Markets' Trustpilot and ScamAdviser pages. Here is an overview:

• Trustpilot: 2.3/5 with 70+ reviews

• ScamAdviser: 21/100 Trustscore, 2.3/5 user reviews with 70+ ratings

Are There Any Educational Resources Provided By Mugan Markets?

Mugan Markets offers free educational content via blogs, mini-courses, and step-by-step guides. Topics include trading strategies, market strategy, and insights into notable traders in regions like Malaysia and the Philippines.

You can also check TradingFinder's Forex education and Crypto tutorial sections for additional resources.

Mugan Markets vs Other Brokers

Let's compare Mugan Markets' services and features with the top forex brokers:

Conclusion And Final Words

Mugan Markets provides access to 200+ financial products across 3 markets [Forex, metals, crypto].

The broker has received a 2.3/5 score on "Trustpilot" with 70+ user reviews. "ScamAdviser" has given a 21/100 Trustscore to the discussed brokerage.