MTrading Review 2024

Highlights of MTrading

Spread fromEURUSD0pips

Trading Assets

Forex Commodities Indices Cryptocurrency Stocks

Trading Platforms

MetaTrader 4

3.1/5

More DetailsRegisterTrading CFDs carries high risks. You may lose all invested funds

About MTrading

Founded in 2011

Countries of registration:

Regulators:

SVGFSA

3.1/5

More Details

RegisterTrading CFDs carries high risks. You may lose all invested funds

Countries of registration:

Regulators:

SVGFSA

Trading Assets

ForexCommoditiesIndicesCryptocurrencyStocks

Trading Platforms

MetaTrader 4

Deposit/withdrawal:

compare MTrading trading accounts

MTrading is an international broker catering to traders with varying levels of experience and capital sizes.

Accounts with diverse trading conditions and a wide selection of trading instruments make MTrading suitable for diversifying an investment portfolio. The trade copying service can be particularly beneficial for beginners looking to follow the strategies of successful traders.

On the other hand, MTrading is limited in its choice of trading platforms, offering only MetaTrader 4, which may not meet the needs of some experienced traders.

Pros and Cons of MTrading

MTrading reviews

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MTrading Broker Overview

MTrading was established in 2012 and has since been successfully developed in the Forex and CFD markets. It provides services for access to trading various financial instruments such as currency pairs, indices, commodities, stocks, and cryptocurrencies.

MTrading strives to offer its clients modern and cutting-edge technologies, ensuring quality service and support. The company's primary goal is to provide favorable conditions and maximum transparency when working with clients to help them succeed in the financial markets.

Since its inception, MTrading has continuously improved its services and expanded the range of trading instruments, making trading accessible and convenient for traders of different experience levels.

MTrading Review Summary

While compiling this review, we strictly followed our unique broker evaluation methodology. This methodology is based on years of experience and market analysis, allowing us to objectively and comprehensively assess each broker. If you want to learn more about how we conduct the evaluation and what criteria we consider, you can familiarize yourself with our broker evaluation methodology.

Continue reading to learn all the details and features of working with the MTrading broker.

Legal Entity	Regulator
Servicecomsvg LLC Servicecomsvg LLC	SVGFSA SVGFSA

MTrading is registered in a weakly regulated jurisdiction, which may raise particular client concerns. The lack of regulation by well-known financial authorities such as the FCA (UK), CySEC (Cyprus), or ASIC (Australia) is a clear disadvantage for MTrading. Regulation plays a crucial role in ensuring investor protection, preventing fraud, and maintaining standards of transparency and fairness in the financial markets.

Companies subject to strict regulation must adhere to rules and standards to protect clients and their funds. In disputes or improper actions, investors can turn to the regulatory body to resolve the conflict. Without such regulation, MTrading clients may be vulnerable to potential risks and less protected against unforeseen situations.

However, it should be noted that the reliability of a broker is not determined solely by the presence of regulation. An important factor is the company's reputation in the market, client reviews, the quality of services provided, and measures to ensure the security of client funds.

The account opening process at MTrading includes several stages to help create and prepare your account for trading. Here is a detailed description of each step.

Registration

At this stage, you must provide basic information about yourself, including your email address, first and last name, and phone number, and create a password for account access. After filling out all the fields, you will receive a registration confirmation at the provided email address. Follow the link in the email to activate your account.

Filling in Personal Details

At the second registration stage, you will need to provide additional details about yourself, such as country and residence address. This information is necessary to comply with norms and standards and ensure the security of your account and funds.

Verification

Account verification is an important step that confirms your identity and prevents fraud. You must upload copies of documents verifying your identity (passport or driver's license) and proof of residence (utility bill or bank statement). After the company's staff reviews the provided documents, your account will be verified, and you can proceed to fund your account and start trading.

Minimum Deposit

The broker offers various trading accounts tailored to the needs of a diverse range of traders, from beginners to professionals. The minimum deposit varies from $10 to $500, depending on the selected account.

Welcome Bonus

MTrading offers a unique proposition to new clients: a $30 Welcome Bonus. This Forex bonus allows you to start trading without risk or making a deposit.

How to Get the Bonus

1. Register and verify your account.
2. After verification, the bonus is automatically credited to your account.

Bonus Features

• No deposit is required.
• All earned profits can be withdrawn.
• Trade with the bonus amount to improve your skills.
• Opportunity to trade with accurate quotes without risk.

This welcome bonus is an excellent opportunity for new traders to start their journey in the Forex market without initial investments and risks.

MTrading offers a variety of account types, catering to the needs of different categories of traders, from beginners to professionals. Beginner traders can choose M.Premium or M.Cent to minimize risks and start trading with small amounts, while experienced traders can take advantage of the M.Pro account for flexibility and diverse strategies. However, it is worth noting that there are no accounts with fixed spreads, which may be critical for some traders.

Trading Accounts

The MTrading broker has several trading accounts designed for different categories of traders, depending on their experience, preferences, and trading strategies. Here are the main types of accounts offered by the company:

1. M.Premium. This account type is perfect for novice traders who want to try their hand at the Forex and CFD markets. M.Premium offers leverage up to 1:1000, floating spreads, and a minimum deposit of $100.

2. M.Pro. This account is designed for experienced traders looking for flexibility and opportunities to implement various trading strategies. M.Pro provides leverage up to 1:1000, floating spreads, and rapid order execution. The minimum deposit for this type of account is $500.

3. M.Cent. This cent account is intended for traders who want to start trading with small amounts and use micro-lots. The M.Cent account is ideal for beginners as it allows for minimizing risks and enables trading starting with just $10.

Demo Account

MTrading also offers a demo account for its clients. A demo account is an excellent tool for novice traders who want to familiarize themselves with the platform's features and practice trading without any real financial risks.

A demo account can also be helpful for experienced traders wishing to test new trading strategies or learn about the features of new financial instruments.

Register on the company's website to activate a demo account and select the corresponding option. The free demo account offers virtual funds for trading under conditions similar to real trading accounts.

Islamic Account

Islamic accounts, also known as swap-free accounts, are available on MTrading. Islamic accounts are specially designed for Muslim traders who follow the principles of Islamic banking and observe the prohibition on riba (receiving or paying interest).

Swap-free accounts do not involve the accrual of swaps (commission for carrying positions over to the next day), making them suitable for Muslims adhering to Sharia principles.

To open an Islamic account, you must register on the company's website and select the appropriate option when opening an account.

Copy Trading Service

Broker MTrading offers a copy trading platform named "Copy Trading." This automated service allows traders to follow the most successful market participants, providing clients with passive trading on the Forex market.

How to start copy trading?

To become a participant of Copy Trading as a subscriber, follow these simple steps:

1. Register a new real account in your area. Select the " Copier" investment type when opening an account and save the changes.
2. Click on "Copy Trading" in the personal area menu, select a master to copy from and click "Copy Now".

How to become a copy trading master?

To become a copy trading master, perform the following actions:

1. Register a new real account in your area, select the investment type "Master," and save the changes.
2. Click on your master account. Describe and publish your trading strategy. Provide all necessary information, including the commission size and the fund distribution type.

Thus, MTrading's copy trading service allows traders to automatically copy the trades of successful participants, thereby simplifying the trading process and learning new strategies.

The commissions set by broker MTrading can be considered above the market average. The commission per trade on the M.Pro account is $4 per lot, which is above average. The spread on the M.Premium account can also be described as comprehensive. Thus, the commission structure does not offer significant advantages over other brokers.

Trading Commissions

When choosing a broker, one of the critical points is the structure of trading commissions. These fees can significantly impact your profitability, especially with active trading. Here are the central trading commissions set by broker MTrading:

• Transaction Commission
• Spreads
• Swaps

Transaction Commission

On the M.Pro account, the transaction commission is $4 per lot. This value is above the market average, which may affect the overall profitability of the trader.

Below is the commission per lot for the EURUSD pair at different Forex brokers:

Spreads and Swaps

Spreads and swaps at MTrading are pretty high - higher than the market average. It is also worth noting that almost all swaps are negative. This can lead to increased expenses for the trader, especially in long-term trading, making the conditions less favorable than some competitors.

Below is a table of the average spread and swaps for major currency pairs on the M.Premium account.

Inactivity Fee

If the account holder shows no activity for a year, the account is considered inactive. Activity is defined as making withdrawals or deposits and opening or closing a position. Automatically accrued interests, swaps, commissions, and dividends are not considered activity. Each separate inactive trading account and wallet charges an inactivity fee of 50 USD per month. The company reserves the right to confiscate the remaining funds of a client who has not shown any activity for three years. Inactive accounts with open positions over three years will be forcibly closed at the market price at the closure time.

Compared to other Forex brokers, MTrading offers a rather limited selection of payment systems for account funding and withdrawal. For example, bank transfers or deposits via credit/debit cards are unavailable for account funding, which may be inconvenient for some clients.

Nevertheless, using the methods that MTrading does offer, payments are made quickly and without commission.

Account Funding Methods

Payment System	Currencies	Deposit Fee	Operation Limit
Neteller	USDEUR	0%	from 50 to 5000 USDfrom 50 to 5000 EUR
Skrill	USDEUR	0%	from 50 to 5000 USDfrom 50 to 5000 EUR

Cryptocurrency	Blockchain	Deposit Fee	Operation Limit
USDT (Tether)	TRC20	0% limitscommission limits	—
USDT (Tether)	BEP20	0% limitscommission limits	—

Withdrawal Methods

Payment System	Currencies	Withdrawal Fee	Operation Limit
Neteller	USDEUR	0%	—
Skrill	USDEUR	0% limitscommission limits	—
WebMoney	USDEUR	0% limitscommission limits	—
Bank Transfer	USDEUR	0%	—

Deposit Bonus

MTrading offers its clients a unique proposition - a bonus of up to 50% of the deposited amount. This allows traders to trade with increased capital and makes trading 1.5 times more efficient.

Key Benefits of the Bonus

• The most significant bonus on the market. MTrading offers one of the most generous bonuses among brokers.
• Instant credit. The bonus is automatically credited to your account immediately after depositing.
• Flexibility of choice. You can choose the bonus size according to your needs - from 25% to 50% of the deposit amount.

How to Get the Bonus

1. Registration or login. Log in to your MTrading account or register if you do not have one.
2. Making a deposit. Fund your account and select the desired bonus size.
3. Trade with increased capital. The bonus will be automatically credited to your account, and you can start trading with additional funds.

The deposit bonus from MTrading is an excellent opportunity to increase your trading capital and gain additional advantages when trading in the Forex market.

MTrading offers its clients a wide range of trading assets, allowing traders to diversify their portfolios and choose the instruments most suitable for their strategy.

What markets are available?

Here are the main categories of trading assets available with this broker:

With such a selection of trading instruments, traders can diversify their portfolios, manage risks, and optimize their trading strategies.

Margin Requirements

Dynamic leverage is applied to all accounts. The leverage's size changes depending on the asset and trading volume.

MTrading essentially offers only the MetaTrader 4 platform with various modifications. Traders are not given the choice between different trading platforms, such as MetaTrader 5 or cTrader. This may be a limitation for some users who prefer or are accustomed to other trading platforms. However, MetaTrader 4 is a popular and time-tested tool that remains in demand among many traders.

MetaTrader 4

MTrading is equipped with various versions of the MT4 trading platform to meet the needs of different traders:

1. MetaTrader 4 is one of the most popular and functional trading platforms. It features powerful analytical tools, automated trading capabilities using Expert Advisors, and flexible chart settings.

2. MT4 Supreme Edition is a plugin for the MetaTrader 4 platform with additional features and tools such as an enhanced mini-terminal, order templates, tick charts, and many other functions contributing to trading efficiency.

3. WebTrader - an MT4 version accessible via a web browser allows traders to trade without installing software on their computer. WebTrader is ideal for those who work on different devices or prefer to trade through a browser.

4. MT4 MultiTerminal is a platform designed specifically for traders and investment managers managing multiple accounts simultaneously. MultiTerminal allows for combining accounts in a single interface, facilitating portfolio management and optimizing the trading process.

Compared to competitors, MTrading offers only a basic set of analytical materials. However, many competing brokers may have more diverse and advanced analytical capabilities, including fundamental analysis, economic calendars, trader calculators, and integrated services like Autochartist or Trading Central.

Therefore, for traders looking for a broader range of analytical materials and resources, the tools provided by MTrading may seem insufficient. In this case, traders may require additional independent analytical work or third-party services.

What analytical materials are available?

Broker MTrading offers its clients some analytical materials to support their trading:

1. News. The broker provides access to news related to the financial markets. This helps traders stay informed about current events and make informed decisions when trading.

2. Technical Analysis. MTrading offers technical analysis for certain assets from the company's experts. This allows traders to identify trends, support, resistance levels, and signals for entering and exiting trades.

In our opinion, MTrading has a somewhat limited set of educational resources. Thus, many Forex brokers offer more diverse and comprehensive educational materials, such as video tutorials, webinars, seminars, and even personal training with experienced mentors.

Therefore, additional self-education or third-party educational platforms may be necessary for those seeking a deeper understanding of the market and advanced educational resources.

What educational materials are available?

Among the educational materials available to visitors of the MTrading website are:

1. Articles on Forex Basics. Traders have access to articles covering basic concepts and terminology of the Forex market and general trading principles.

2. Reviews of Indicators and Strategies. MTrading offers articles and reviews on various technical indicators and fundamental trading strategies that can be applied in the Forex market.

MTrading Technical Support has several limitations, particularly regarding communication channels and problem-solving efficiency. Despite a fast online chat, the lack of telephone and email communication channels can create client problems. User reviews also point to issues with fund withdrawals and the absence of prompt resolution of such matters.

How to contact support?

MTrading broker's technical support assists clients with issues and problems related to trading and using the company's services. However, it should be noted that telephone and email are not available as communication channels with support, which is a significant drawback.

Instead, clients can contact the support service online on the broker's official website or social networks. Although such communication channels can be convenient and fast, the absence of the ability to contact by phone or email can create certain inconveniences for users, especially in cases where a more complex problem solution or detailed explanation is required.

Reviews of the support

One of the critical aspects often mentioned by clients when choosing a broker is the quality of technical support. Reviews of MTrading's technical support show that the company has specific issues.

Many clients complain about problems with fund withdrawals. One user claims that after investing over $22k, an attempt to withdraw 5k was unsuccessful. After three weeks of waiting and contacting support, the problem was not resolved. Another client talks about missing funds in their trading account and the lack of response from the company despite multiple attempts to contact them.

Another trader claims that he is still waiting for a response from MTrading regarding the return of $1500. Despite promises from MTrading's global office about contacting their Indian branch, no specific response followed.

Thus, based on user reviews, it can be concluded that MTrading's technical support requires significant improvements, especially in terms of promptness and resolving client issues.

Conclusion

MTrading offers a variety of trading accounts that can meet the needs of traders with different levels of experience and capital sizes. The wide range of trading instruments available makes this broker attractive for traders seeking to diversify their investments. The copy trades service may also be of interest to beginners who want to profit by following the strategies of successful traders.

MTrading is suitable for new traders, especially those who want to try copying trades and working with various trading instruments on one platform.

FAQ

Is MTrading legit?

Yes, MTrading is a legitimate broker. It operates under the Financial Services Authority St Vincent & The Grenadines.

Which country is MTrading from?

MTrading is an international broker with operations in multiple countries. Its headquarters are in St Vincent & The Grenadines.

Is MTrading an ECN broker?

Yes, MTrading offers both ECN (Electronic Communication Network) and STP (Straight Through Processing) trading accounts, catering to different types of traders.

How does MTrading make money?

MTrading makes money primarily through spreads, commissions, and other trading-related fees.

Is MTrading good for beginners?

Yes, MTrading is suitable for beginners. It offers a user-friendly platform and a trade copying service that can help new traders learn from experienced professionals.

Does MTrading offer a demo account?

Yes, MTrading offers a demo account for traders to practice and familiarize themselves with the trading platform and strategies without risking real money.

How can I open an account with MTrading?

To open an account with MTrading, visit their website, click on the "Open Account" button, and follow the registration process by providing the required information and documentation.

How can I delete my MTrading account?

To delete your MTrading account, you need to contact their customer support team via email or live chat and request account closure. Ensure that all funds are withdrawn before making the request.

What is the minimum deposit for MTrading?

The minimum deposit for MTrading varies depending on the account type but generally starts at $10.

What is the maximum leverage on MTrading?

The maximum leverage offered by MTrading is up to 1:1000, depending on the trading asset and regulatory requirements.

How do I deposit funds in an MTrading account?

To deposit funds in an MTrading account, log in to your account, go to the "Deposit" section, choose your preferred payment method, and follow the instructions to complete the transaction.

How do I withdraw money from MTrading?

To withdraw money from MTrading, log in to your account, navigate to the "Withdraw" section, select the withdrawal method, enter the amount, and submit the request. Processing times may vary depending on the method chosen.

Does MTrading provide VPS?

No, MTrading does not provide VPS (Virtual Private Server) services.

Is MTrading suitable for scalping?

Yes, MTrading is suitable for scalping. It allows this trading strategy and provides the necessary tools and conditions for scalpers.

Is MTrading suitable for auto-trading?

Yes, MTrading is suitable for auto-trading. It supports the use of Expert Advisors (EAs) on the MetaTrader 4 platform for automated trading.

Is MTrading suitable for hedging?

Yes, MTrading is suitable for hedging. Traders can use hedging strategies to manage risk and protect their investments.

Is MTrading suitable for spread betting?

No, MTrading does not offer spread betting services. It focuses on traditional Forex and CFD trading.