Introduction To Mugan Markets
Mugan Markets Offers Trading On More Than 200 Assets, Including Currency Pairs As Well As CFDs On Cryptocurrencies And Precious Metals. The Broker Offers A Demo Account And Three Real Account Types, All Accessible Through MetaTrader 4. The Minimum Deposit Is $50. Leverage Is Flexible Up To 1:500. Spreads And Fees Vary By Account Type, With Minimum Spreads Starting At 0 And A Maximum Commission Of $8 Per Lot. Micro-lot Trading Is Available And There Are No Trading Restrictions. Deposit And Withdrawal Methods Include Bank Cards, Bank Transfers, And Crypto Wallets. Mugan Markets Does Not Offer Any Passive Income Options, Education, Or Analytical Tools. Only The FAQ Section, Tips For Working With Brokers, And Blogs Are Regularly Updated With Useful Articles. Technical Support Is Only Available Through The Ticketing System.
Advantages Of Trading At Mugan Markets:
Free Demo Account, Micro-lot Trading, No Restrictions On Trading Methods And Strategies;
Three Real Account Types With Diverse Conditions, Low Initial Threshold, And Support For One Of The Most Popular Platforms;
Extensive Pool Of Financial Instruments From Different Groups For Risk Diversification;
Flexible Leverage For Increased Profit Potential;
Up To 8 Base Currencies;
Multi-level Cooperation Program;
Instant Deposits And Fast Withdrawals, Including Cryptocurrencies.
Disadvantages Of Mugan Markets:
No Passive Income Option;
Lack Of Transparency For Non-registered Users;
No Analytical Tools On The Website.
Trading Account Opening
To Start Using Mugan Markets, Register On Its Official Website, Pass Verification And Open A Real Account. Also, Make A Deposit And Download The Trading Platform. To Eliminate Any Problems, TU Experts Have Prepared A Step-by-step Guide On The Program And Describe The Main Features Of User Accounts.
1 Visit The Broker's Website And Click The "Open Live Account" Button.
2 Provide Your First And Last Name And Email And Create A Reliable Password. Select Your Country And Phone Number From The Drop-down List And Then Specify Your Phone Number. Select The Account Currency, Account Type And Leverage. Agree To The Terms And Conditions By Checking The Checkbox And Clicking The "Submit" Button.
3 Click The Confirmation Link Sent To Your Email. Specify Your Preferred Language And Enter Your Login Credentials. Click The "Log In" Button.
4 After Logging Into The User Account For The First Time, You Will Receive A Verification Code Via Email. Enter It In The Dedicated Field And Click On The "Login" Button.
5 Go To The Profile Section By Clicking On The Link In The Notification. Provide The Required Data, Including Your Registered Address And Zip Code, And Click On The "Submit" Button.
6 Follow The Link In The Notification To Go To The "Verification" Section. Read The Instructions Carefully And Upload A Scanned Copy Or Image Of The Required File. Now You Can Access All The Features Of The User Account.
7 Go To The "Deposit" Section And Choose A Convenient Deposit Method. Please Note That The Available Methods May Vary By Region. Specify The Amount And Currency, Then Follow The On-screen Instructions. Wait For The Payment To Arrive.
8 Download The Appropriate Version Of MetaTrader 4, Install It On Your Device, Enter Your Login Credentials, And Start Trading.
Additional Features For Mugan Markets User Accounts Allow Traders To:
Access The Control Panel, Which Provides Aggregated Data About Active Real Accounts.
Edit Their Personal Information And Security Settings.
Access To Special Sections Of Scans Or Images Used To Upload Confirmation Documents.
Download MetaTrader 4.
Enroll In The Partner Program And Monitor Their Referrals And Profits.
Fund Their Account.
Withdraw Profits.
Open And Close Their Account, Or Make Internal Transfers.
Account Types
Although Mugan Markets Offers A Variety Of Account Types, It Is Crucial To Choose The Right One From The Outset. With A Minimum Deposit Of $50, The Classic ECN Account Is Ideal For Most Beginner Traders. It Supports 8 Base Currencies, Including BTC. Spreads Start At 0.9 Pips And There Is No Commission Per Lot. The Trader ECN Account Offers Raw Spreads From 0 Pips But A Commission Of $8 Per Lot. This Account Type Is More Suitable For Experienced Market Participants Who Prefer Block Trading. Custom ECN Accounts Are Designed For Professional Traders. Spreads Are Lowest Here And Commissions Per Lot Are Charged On A Case-by-case Basis. However, This Account Type Requires A Minimum Deposit Of $10,000. Also, Please Note That It Only Supports 4 Base Currencies.
Account Type:
Demo
This Free Account Type Matches The Parameters Of The Classic Account, But Traders Use Virtual Funds.
Classic ECN
Minimum Deposit Is $50. It Supports 8 Base Currencies, Spreads Start From 0.9 Pips, And There Are No Trading Fees. Leverage Is Flexible Up To 1:500.
Trader ECN
Minimum Deposit Is $50. It Supports 7 Base Currencies With Spreads Starting From 0 Pips And Commissions Of $8 Per Lot. Micro Lot Trading Is Available.
Custom ECN
Minimum Deposit Is $10,000. It Supports 4 Base Currencies With Spreads Starting From 0 Pips And Trading Fees Are Negotiated Separately. There Are No Trading Restrictions.
Usually, Traders First Open A Demo Account To Familiarize Themselves With The Broker's Conditions And Test Trading Strategies. Once Satisfied, They Transition To A Live Account That Matches Their Trading Preferences. Mugan Markets Allows Clients To Open Multiple Accounts.
Deposits And Withdrawals
Working On A Demo Account, Traders Do Not Earn Real Profits. Also, After Successfully Trading On A Real Account, They Can Earn Income And Can Withdraw Profits At Any Time.
Available Withdrawal Methods Include Bank Transfers, Bank Cards, And Crypto Wallets.
Brokers Charge Withdrawal Fees Based On The Chosen Payment Method. These Fees Are Known Only To Registered Users.
Payment Providers May Also Charge Their Fees.
Customer Support
Traders Often Encounter Problems Due To A Lack Of Knowledge Or Insufficient Information On The Broker's Website. Complex Trading Situations May Also Arise That Users Cannot Resolve Independently. Mugan Markets Provides 24/7 Technical Support Exclusively Through The Website's Ticketing System.
