Is MTrading Scam or Legit Broker?

MTrading is not a safe broker to sign with. The reason is evident: the Broker does not hold any serious license that provide safe trading condiitons. On its website, the broker mentions that MTrading operate via Nevis entity and owned by Finvest Solutions Limited, with a registration number of 55504.

  • While in fact, Nevis is an offshore jurisdiction for forex brokers. Which has low set-up requirements and minimal regulation towards Forex Trading, which is rather just registration of the company but not overseeing of how broker operate. Therefore lack of regulatory requirements can also lead to potential risks of frauds for traders who choose to sign up with any offshore brokers. Read Why Avoid Brokers SVG

About MTrading
🗺️ Registered inNevis
🗺️ Type of LicenseOffshore
🛡️ Is MTrading safe to trade?No
🗺️ Recommended LicensesFCA in the UK 🇬🇧 and ASIC in Australia 🇦🇺
🖥 Alternative BrokerFP Markets - licensed by ASIC in Australia

What is MTrading?

Founded in 2012, MTrading offers a range of financial services and trading instruments, including Forex, CFDs, and Crypto. On its website, MTrading claims to be a leading broker in the field, with numerous awards and favorable offerings, access to the most popular trading platforms, education resources, and news. Another attractive proposal of the broker is that it enables traders access to Rebate services.

  • However, the most important aspect of Forex trading still remains safety and reliability. In this respect, MTrading apparently lacks. Since MTrading is an offshore broker registered in Nevis (Unit 5, Long Stone House, PO box 1200, Main Street, Charlestown).
  • Because of the lack of strict requirements and rigorous oversight of offshore jurisdictions, trading with brokers having only offshore licenses is not secure and might lead to various risks.
  • On the other hand, it is always important to look for reviews and feedback from other traders and see their experience with the broker. Through further research, we found numerous negative comments and reviews about MTrading claiming the improper withdrawal process, extra charges, and insufficient customer care.
  • To avoid risks in trading, we strongly recommend choosing a broker with good standing and years of proven experience. Also, a license from a top-tier authority is a must. You can learn more about regulated brokers and the advantages of signing with them here

Overall MTrading Ranking

Our research revealed issues regarding MTrading safety and regulations, thus we do not rank positively MTrading, based on our Expert Opinion with over 10 Years of experience in Forex Trading.

  • MTrading Overall Ranking is 3 out of 10 based on our testing and compared to 500 other brokers, see Our Ranking below compared to other popular and industry Leading Brokers.
RankingMTradingGo MarketsFP Markets
Our Ranking⭐⭐⭐⭐⭐⭐⭐⭐⭐⭐
Is Broker safe? NoYesYes
AdvantagesNoneTrading EnvironmentTrading Platforms

MTrading Alternative Brokers

Taking into account our findings and issues with the reliability of MTrading here are much better Alternatives to MTrading with good regulations and excellent conditions. We select Good Brokers and reliable options for your comparison below: 

  • AvaTrade – Good Instruments and CopyTrading
  • Pepperstone – Low Spreads and Competitive Trading Conditions
  • XM – Wide Range of Trading Opportunities

Deposits and Withdrawals

For money funding MTrading provides a variety of payment methods to facilitate transactions, including wire transfers and debit/credit cards, as well as more advanced e-wallets and cryptocurrency methods. Here are some notes about MTrading Withdrawal: 

  • In order to make a withdrawal, it is necessary to have a valid Forex trading account. The process begins by accessing the Trader’s Room, which serves as a personal client area allowing users to monitor their transactions and account details. Traders should complete the account verification process in order to activate the withdrawal feature.
  • If traders choose a currency different from the local one, the system will automatically calculate the exchange rate, fees, and the remaining balance.
  • However, based on our research and revelations, there are many negative reviews concerning the MTrading withdrawal process. Many traders complain about delays in withdrawals or their cancelation overall, which is unfortunately a typical trick of offshore/ unregulated Brokers since company is not overseen

Trading Platforms

MTrading offers a choice of trading platforms, including MetaTrader 4 (MT4) and MetaTrader 5 (MT5), which are widely recognized and preferred by traders for their advanced features, charting tools, and trading opportunities, which overall provides quate a good software base for the trading itself. Yet, availability of popular platforrms does not mean Broker is safe entough for good trading strategy. 

MTrading Review Conclusion

Concluding MTrading experience we do not advise trading with the broker, it is strongly recommended to avoid dealing with offshore and unregulated entities. Besides, MTrading offering is not very much attractive even, there are many good standing Brokers offering better trading conditions and are also safe.

We advise individuals and firms to trade and invest only with brokers regulated by reputable authorities such as the UK’s Financial Conduct Authority (FCA), the Australian Securities and Investments Commission (ASIC), or similar regulatory bodies that offer compensation and strict supervision. You can checl out better reliable brokers such as FP Markets, XM, and Go Markets which also provide great trading conditions overall. 

  • Overall ranking and experience for MTrading is Negative

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