MTrading Review
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Updated:
Reason to avoid: Offshore license
Listed Date: June 12, 2023
Top 3 Forex Brokers
Beware MTrading is a Non-Regulated Broker. It is NOT SAFE to trade.
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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 in | Nevis |
| 🗺️ Type of License | Offshore |
| 🛡️ Is MTrading safe to trade? | No |
| 🗺️ Recommended Licenses | FCA in the UK 🇬🇧 and ASIC in Australia 🇦🇺 |
| 🖥 Alternative Broker | FP 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.
| Ranking | MTrading | Go Markets | FP Markets |
|---|---|---|---|
| Our Ranking | ⭐ | ⭐⭐⭐⭐⭐ | ⭐⭐⭐⭐⭐ |
| Is Broker safe? | No | Yes | Yes |
| Advantages | None | Trading Environment | Trading 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
There are four trading platforms available: MT4, MT4 Supreme, WebTrader, and MT4 MultiTerminal, which can be installed on any device. The flexibility is amazing. Everything looks modern on the platform and you immediately understand where to click. Many technical tools are available for analysis. But sometimes there are lags and it's a little frustrating, but it's not critical since I trade intraday.
No news available.
The experience of trading with Mtrading has been favorable so far.
I know that I got to unbiased, but I can’t pinpoint any significant disadvantages that would hinder realization of my trading plans. Well… I got only one plan, but several goals to fulfill.
Anyway, their MT supreme plugin is a cool add-on to an outdated software. It looks fresher and more advanced due to this plugin, good job, Mtrading!
Assets range is okayish for me, I swing among many of them and enter the deals easily. Orders are sent immediately, without delays slippages, requotes and other crap.
So, good luck!
First of all, it was easy to open trading account with this company.
I have two accounts now, one M.Cent and the second M.Premium
I started with cent account and now I have two trading strategies that I use on different accounts.
Broker shown itself on the good side. It’s really reliable and provides high-quality services. By the way, entire time of trading on M.Cent and M.Premium, I didn’t experience any problems and didn’t notice any requotes or order execution problems.
Now my goal to improve quality of analytics to increase profitability of trading
I was able open CENT account easy. I only needed 10 dollars to deposit it
After copoerating with Mtrading for a few months I can say this is a good broker which can offer a lot of interesting services for traders. I would especlialy like to talk about trading accounts, there are 3 types of trading accounts available to choose from and after some thoughts I chose M.premium and to my surprise the threshold of minimum deposit is not high as I thought.
You need to make a deposit of 100$ and you can start trading without limits. By the way, the Metatrader 4 Supreme Edition trading platform is really cool, there are so many technical tools available for easy trading…
I know that Mtrading offers three types of trading accounts but to be honest I was surprised to find out that the threshold of minimum deposit on all accounts are so low and even the most coolest trading account M.Pro requires only 500$ for minimum deposit and I think it will definitely attract the attention of many traders.
As an old school trader I prefer trading on the forex market and mainly I trade three global currencies like EUR/USD, GBP/USD and USD/JPY. Each of them has different volatility and I’m able to use various strategies for trading on these currency pairs. Recently I made a tremendous profit on USD/JPY long position and I noticed it is not going to stop rising.
A very unfair conclusion about the broker and I am a bit disappointed because I have been working with them for several years.
Idk which principle this platform uses to make verdicts about brokers’ reliability, but this one definitely doesn’t deserve 1 start of rating. They are supervised by a well-known regulator, they ensure compensation fund, they have numerous awards in the industry which you can check on the site, so… unfair!
It was interesting to me to nose out about how they are regulated and fortunately it wasn’t a big deal to find this information on their website.
It turned out they are supervised by the famous financial commission and it was enough for me to make a decision about trading with them.
Apart from the strong regulation, Mtrading seemingly has nice set of trading terms. I mean, there is a cool plugin for MT4 called Supreme, there are many assets and favorable leverage size. As for a new trader, I got to say that all these things are compatible with my needs. I will trade with them.
This is the first time I have seen a broker introduce a plugin for MT4. Out of curiosity, I tried it out, and they solved the main downside of MT4 – its limited offer of indicators.
I am used to brokers that I have trading account with providing some kind of auxiliary analytics or educational resources. I can always find something useful for myself, even in articles for novice traders.
Therefore, when I opened trading account with this company, I sincerely hoped to get something new about theory of trading in financial markets. And as you know, MTrading has good educational base.
I managed to gain useful knowledge. And I was able
It seems like this before has a solid reputation and from what I can see the trading terms are competitive. I have one dilemma whatsoever. I am not an experienced trader, I have a regular job and I do like 2-3 trades per week. I keep my trades open for a day or a couple of days until they get in profit. What do you think, which account type is beter for my trading needs, M.Premuim or M.Pro?
You gave good context about your trading style so it is not hard to give you advice about the proper account type.
I would suggest you go with the M.Premium account type. With that frequency of trading, and with that style of trading where you keep your positisn open longer, you shouldn’t focus on account types that offer extra tight spreads. One or two spreads won’t make any difference in your case. Plus, with this account the trading costs are lower, and there are no trading commissions. I think the only difference between those two accs you mentioned are the spreads and the trading fees.
There are a number of positive reviews about MTrading. And you know, I am not surprised.
Approximately 8 months have been spent by me trading via this broker. Over this span I did not experience any major issues. I mean , there were some minor cases, for example sometimes the spreads on some fx pairs were not so low. But I am an event trader, therefore I mostly get in at volatile situations, so it is natural for spreads to be wider than usual. But stil, it is a matter of skills than broker’s side.
I trade using MTrading special MT4 Supreme. Think about it as MT4 but with better tools and features.
Thanks to its TIck Chart Trader I get better picture of how prices move in micro level. It is helpful for my scalping operations.
Yeah yeah… but the broker also counts man… the tools are just as important as the man… that doesn’t sound correct 🤔. The tools are important is what I am trying to say… just as important as your skill. Just like you pointed out the MT4 supeme that has made you trading experience even more pleasant.
Seized the opportunity of 0% fees for copy trading in April and it’s a very pleasant thing to have I must say.
Mtrading should do that more often. Although I have to point out that there are no shortage of variety of promotions if you’re a client of this broker.
Mtrading always tries to create some interesting bonuses for its traders. At least it’s my impression from working with them for several months.
I absolutely agree with you, buddy! I think when in April 0% commissions for using copy trading was really good and it definitely attracted the attention of many traders and they started to join this company. I would also love to see more promotions from Mtrading broker!
They have quite balanced conditions as I see. Both rookies and professional traders can make this platform their safe place for making money.
You need to have just $10 to commence, and even if you choose the most basic account, you receive pretty appealing conditions such as 27 currencies for trading, fixed leverage up to x1000, spreads from 1 pip. Yeah, no commissions and market execution meaning that orders are sent out to the market seamlessly at the requested price.
It’s pretty hilarious for me, being a full-fledged customer of the broker, noticing that a certain website makes a verdict that the company isn’t safe to trade. Ha.
I always advise fellow traders to familiarize themselves with the company on their own, rather than reading superficial articles which aren’t backed up by real facts and released only with purpose to denigrate brand’s name. That is the reason why I usually constrain myself from devoting too much to reading such articles.