Marrison Capital Review by professional Forex trading experts the “ForexSQ” FX trading team, Finding out everything you need to know about the broker is in this Marrison Capital Review.
Marrison Capital Review
Clients of Marrison Capital are offers a choice of 3 account types, all of which offer variable spreads and micro tradeable lots on the MetaTrader 4 platform. Two of the accounts are commission-free accessible with an investment of $10 and offer leverage up to 1:500, while the Zero Spread account involves a commission and requires an initial deposit of $200.
Swap-free services are also available with this broker to investors of Islamic belief.
Overall, Marrison Capital’s offerings seem attractive: STP environment, low minimum initial deposit and competitive spreads. The best spreads are of course available on the Zero Spread, where the minimum trading cost per standard lot on the EUR/USD is 0.7 pips round trip.
By comparison, FX Choice (also licensed by Belize’s IFSC) offers spreads averaged 0.5 pips on EUR/USD on its ECN accounts, involving a commission of $7 per lot and the minimum initial deposit required is $100. For further information and comparison, you may check out real-time spreads of 15 leading brokers here.
The Company. Security of Funds
Marrison Capital Limited
Marrison Capital is a newly-launched broker based in Cyprus that offer trading in 28 currency pairs, precious metals and various CFDs on the renown MetaTrader 4. The company behind the brand, Marrison Capital Limited, is not licensed by CySEC, but instead by the Belize’s International Financial Services Commission (IFSC).
Belize is a popular offshore financial center, where the licensing requirements are looser compared to other jurisdictions, however, its regulation regime is tighter compared to the Seychelles or Saint Vincent and the Grenadines. As of the end of 2015 and the beginning of 2016, the IFSC increased the initial minimum capital requirement for financial and commodity-based derivatives brokers from $100,000 to $500,000. Besides, the commission also increased the annual license fee from $5,000 to $25,000. Besides, IFSC regularly issues warnings against unauthorized brokerages. Nonetheless, little focus is placed on supervision.
Investing in an unregulated broker is a risky business and we generally advise traders to stay away from such companies and to choose among firms licensed by reputable regulators such as FCA or ASIC, for example.
As we have already mentioned, Marrison Capital supports the MetaTrader 4 (MT4), available as desktop and mobile versions.
MT4 offers a number of technical indicators, extensive back-testing environment, advanced charting tools and offers trading automatization options with the most commonly used trading robots (EAs), as well as with options to create new ones.
Methods of Payment
Marrison Capital offers only bank wire transfer, Skrill and PayPal as payment methods.
Overall, Marrison Capital’s trading conditions seem good, as it is a young broker, there aren’t any user reviews about it yet and its website also seems somewhat unfinished. In our view, the main problem with this broker is its loose regulation.
The Broker is not a safe forex broker, Instead you can use Plus500, XM, eToro, Fxpro or AvaTrade forex brokers.
Marrison Capital Review Conclusion
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