MTrading Review 2024

Last updated Feb 26, 2024
Логотип MTrading
3.1/5
№52 in the brokers' listTrading CFDs carries high risks. You may lose all invested funds
Nikolay Zavarov - Author
Nikolay Zavarov
Author
Andrey Bondarenko - Editor
Andrey Bondarenko
Editor

In this review, we will conduct a detailed investigation of all the features, trading conditions, and offers of MTrading to help you determine whether this broker can be trusted and whether it is worth starting a collaboration with them. Join us on this journey, and together, we will learn everything there is to know about MTrading.

MTrading Broker Overview

Foundation Year2011
Official Websitehttps://mtrading.com
Regulated in CountriesSaint Vincent and the GrenadinesMore Details
Minimum Deposit
  • 10 USD
Spreadfrom 0 points
Max Leverage1:1000
Trading Assets
  • Forex
  • Commodities
  • Indices
  • Cryptocurrency
  • Stocks
Trading Platforms
  • MetaTrader 4
Email Support
    Hotline Phones
    Social Media

    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 in 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.

    Reliability and Regulation

    Rating:2/5
    Legal EntityRegulator

    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.

    Account Opening

    Rating:5/5

    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.

    MTrading residential address form
    MTrading residential address form

    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.

    Verification with MTrading
    Verification with MTrading

    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 Welcome Bonus of $30. This bonus allows you to start trading without risk or making a deposit.

    Welcome bonus on MTrading
    Welcome bonus on MTrading

    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.

    Account Types

    Rating:4.3/5

    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

    M.CentM.PremiumM.Pro
    Account CurrencyUSD, EUR
    Minimum Deposit10 $100 $500 $
    Trading PlatformsMetaTrader 4
    Spreadfloatingfrom 1 pipsfor EURUSD~ 1.3 pipsfloatingfrom 0 pipsfor EURUSD~ 0.1 pips
    Commission per Tradeper 1 lot4 $
    Trading AssetsForexCommoditiesIndicesCryptocurrencyForexCommoditiesIndicesCryptocurrencyStocksForexCommoditiesIndicesCryptocurrency
    Opened Positionsup to 200
    Leverage1:10001:25-1:1000
    Margin Call / Stop Out100% / 30%
    Order ExecutionSTPECN
    Demo Account
    Islamic Account
    RegisterRegisterRegister

    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 service 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".
    Ranking of traders for copying trades on MTrading
    Ranking of traders for copying trades on MTrading

    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.
    Page of the master of copying trades on MTrading
    Page of the master of copying trades on MTrading

    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.

    Commissions

    Rating:1.5/5

    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:

    BrokerIC MarketsRaw SpreadPepperstoneRazorMTradingM.ProVantageRawRoboforexECN
    Commission per lot$3.5$3.5$4$3$2.16

    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.

    AssetAverage spreadSwap longSwap short
    AUDUSD2.1 pips-3.76 pips-3.03 pips
    EURUSD1.9 pips-8.44 pips-0.88 pips
    GBPUSD2.1 pips-6.05 pips-4.71 pips
    NZDUSD2.0 pips-2.86 pips-3.74 pips
    USDCAD2.1 pips-4.29 pips-4.75 pips
    USDCHF3.3 pips0.04 pips-8.79 pips
    USDJPY2.1 pips-3.00 pips-5.80 pips

    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.

    Deposit and Withdrawal

    Rating:4/5

    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 SystemCurrenciesDeposit FeeOperation Limit
    NetellerNeteller
    USDEUR
    0%
    from 50 to 5000 USDfrom 50 to 5000 EUR
    SkrillSkrill
    USDEUR
    0%
    from 50 to 5000 USDfrom 50 to 5000 EUR
    CryptocurrencyBlockchainDeposit FeeOperation Limit
    Логотип TetherUSDT (Tether)TRC20
    0%
    Логотип TetherUSDT (Tether)BEP20
    0%

    Withdrawal Methods

    Payment SystemCurrenciesWithdrawal FeeOperation Limit
    NetellerNeteller
    USDEUR
    0%
    SkrillSkrill
    USDEUR
    0%
    WebMoneyWebMoney
    USDEUR
    0%
    Bank TransferBank 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.

    Markets and Products

    Rating:4/5

    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:

    1. Forex. MTrading provides access to the global currency market, offering 38 currency pairs, including majors, crosses, and exotic pairs. Thus, traders can trade on the currency exchange rate differences using various trading strategies.

    2. Commodities. The company offers trading CFDs on commodities such as oil, gold, silver, and other metals. Traders can take advantage of commodity price fluctuations to make a profit.

    3. Indices. MTrading allows trading CFDs on indices of leading global stock markets, such as S&P 500, Dow Jones, NASDAQ, DAX, FTSE, etc. These assets enable traders to monitor and trade a specific sector's overall market condition.

    4. Stocks. The broker offers CFDs on 144 stocks of the largest US companies, allowing traders to trade on the price difference of stocks without purchasing the shares directly.

    5. Cryptocurrencies. MTrading provides access to trading CFDs on popular cryptocurrencies, such as Bitcoin, Ethereum, Ripple, and others. This allows traders to participate in the rapidly growing and volatile crypto market.

    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.

    Asset

    Min. Leverage

    Max. Leverage

    Forex

    1:25

    1:1000

    Stocks

    1:10

    1:50

    Indices

    1:10

    1:500

    Gold and Silver

    1:10

    1:500

    Energy Carriers

    1:10

    1:30

    Platinum and Palladium

    1:10

    1:200

    Cryptocurrencies

    1:1

    1:100

    Trading Platforms

    Rating:3.5/5

    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.

    MT4 Web-platform of MTrading broker
    MT4 Web-platform of MTrading broker

    Analytics

    Rating:3/5

    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.

    Technical analysis from MTrading experts
    Technical analysis from MTrading experts

    Education

    Rating:2.5/5

    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.

    Training articles on MTrading
    Training articles on MTrading

    Customer Support

    Rating:2.5/5

    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.

    MTrading Pros and Cons

    Advantages

    1. Different types of trading accounts are available for traders with varying levels of experience and capital.
    2. A wide range of trading instruments, including Forex, commodities, indices, stocks, and cryptocurrencies.
    3. A proprietary copy trading service is present to replicate the trades of successful traders.

    Disadvantages

    1. Lack of regulation, which may raise concerns about the company's reliability.
    2. Limited choice of trading platforms, offering only MetaTrader 4.
    3. Only one method of communication with customer support — online chat, no phone or email.
    4. The absence of some popular methods for depositing and withdrawing funds may create inconvenience for some clients.
    5. Sparse analytical and educational materials compared to competitors.

    Conclusion

    MTrading may be suitable for beginners and experienced traders who want to trade using the MetaTrader 4 platform and are looking for various trading instruments and services. However, before choosing this broker, traders should weigh all the advantages and disadvantages, especially considering the safety and reliability issues associated with the lack of regulation.

    In all respects, MTrading is a medium broker. Despite several advantages, the existing disadvantages may become an obstacle for some traders when choosing this company.

    Visit MTradingTrading CFDs carries high risks. You may lose all invested funds
    Nikolay Zavarov - Author
    Nikolay ZavarovAuthor

    Nikolay is an experienced specialist in financial markets and co-founder of IamForexTrader. He has been successfully trading Forex since 2014 and has been actively involved in the cryptocurrency market since 2017.

    He develops investment strategies adaptable to any level of experience and has been actively investing in stocks, bonds and ETFs since 2018.

    Write a review about MTrading:

    Rating: