FOREX.com vs MTrading Comparison
Compare trading conditions, commissions and platforms of Forex brokers FOREX.com and MTrading. Find out which broker is best for you.
We test brokers on real accounts using our own methodology, evaluating the quality of order execution, trading conditions, platforms and customer support.
Who is better - FOREX.com or MTrading?
Key differences between the brokers
Below, we show only the differences in trading conditions covered in our reviews. These may include the minimum deposit, available markets, platforms and account types. Compare these details with your requirements.
FOREX.com
- Minimum deposit · USD
- 100 USD
- Different platforms
- FOREX.com
- Ninja Trader
- TradingView
- Different markets
- Soft Commodities
- Bonds
MTrading
- Minimum deposit · USD
- 10 USD
- Different platforms
- None listed
- Different markets
- None listed
Comparison Table of FOREX.com and MTrading
Swipe the table left or right to view all data.
| Broker | FOREX.com | MTrading |
|---|---|---|
| Foundation Year | 2001 | 2012 |
| Regulated in Countries | Cayman Islands, United Kingdom, United States, Cyprus, Hong Kong, Japan, Singapore, Australia | Saint Vincent and the Grenadines |
| Minimum Deposit |
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| Spread | from 0.1 points | from 0 points |
| Max Leverage | 1:50 | 1:1000 |
| Trading Assets (CFDs) |
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| Trading Platforms |
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| Review | FOREX.com Review | MTrading Review |
FOREX.com Review
FOREX.com is an excellent broker for trading in the Forex and CFD markets. They offer fast execution speeds, a wide selection of currency pairs, and other assets for trading. Their customer service is outstanding, and multiple financial authorities regulate them.
Pros and Cons of FOREX.com
Pros
- Broker with many years of history and a global reputation.
- A variety of deposit methods.
- A wide variety of available markets and products.
- Advanced analytical tools and daily updates from the company's professionals.
- Comprehensive educational materials for all levels of traders.
Cons
- Lack of specialized accounts.
- High transaction fee on DMA Account.
FOREX.com is in the top 10 of the following ratings:
MTrading Review
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.
Pros and Cons of MTrading
Pros
- Availability of different types of trading accounts.
- Wide range of trading assets.
- Own copy trading platform.
Cons
- Lack of licenses from reputable regulators.
- Limited choice of trading platforms.
- Only one method of communication with support service.
- Absence of some popular deposit and withdrawal methods.
- Sparse analytical and educational materials compared to competitors.
Reliability
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| Broker | FOREX.com | MTrading |
|---|---|---|
| Reliability | 5/5 | 2/5 |
| Foundation Year | 2001 | 2012 |
| Regulated in Countries | Cayman Islands, United Kingdom, United States, Cyprus, Hong Kong, Japan, Singapore, Australia | Saint Vincent and the Grenadines |
| Regulators |
FOREX.com
The company is strictly regulated, has a long-standing market presence, and is open to investors.
Pros
- Broad global regulation.
- Long-term market presence.
- Parent company traded on NASDAQ.
MTrading
Broker MTrading is registered in a jurisdiction with limited regulation, which may raise concerns among investors.
Pros
- Company's reputation in the market.
- Measures to ensure the security of client funds.
Cons
- Lack of regulation by major financial authorities.
- Potential risks for investors due to weak regulation.
Account Opening
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| Broker | FOREX.com | MTrading |
|---|---|---|
| Account Opening | 4/5 | 5/5 |
| Minimum Deposit |
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FOREX.com
The account opening process at FOREX.com is quite standard but potentially prolonged due to required verification.
Pros
- Transparent registration process.
- Strict verification for security.
Cons
- Verification may take time.
- A lot of information is required.
MTrading
Opening an account with MTrading is a simple, convenient, and fast process.
Account Types
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| Broker | FOREX.com | MTrading |
|---|---|---|
| Account Types | 3.5/5 | 4.3/5 |
| Trading Accounts |
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| Minimum Deposit |
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| Spread | from 0.1 points | from 0 points |
| Max Leverage | 1:50 | 1:1000 |
| Trading Assets (CFDs) |
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| Trading Platforms |
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| Demo Account | ||
| Swap-free Account |
FOREX.com
FOREX.com offers standard account types that satisfy most traders, but some essential accounts are missing.
Pros
- Direct Market Access account available.
- Demo account for strategy testing.
- The ability to trade on behalf of a company.
Cons
- No cent accounts.
- No Islamic accounts.
- No options for passive investing.
MTrading
Broker MTrading offers a variety of accounts that meet the needs of different traders, but there are no accounts with fixed spreads.
Pros
- Wide selection for different levels of experience.
- Ability to start trading with small amounts.
- Availability of copy trading service.
Cons
- Absence of accounts with fixed spreads.
Commissions
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| Broker | FOREX.com | MTrading |
|---|---|---|
| Commissions | 2.2/5 | 1.5/5 |
| Spread | from 0.1 points | from 0 points |
| Average Spread (EURUSD) | 1.3 | 1.3 |
| Commission | per $1M turnover$60.00 | per 1 lot$4.00 |
FOREX.com
FOREX.com's commissions are above average. Conditions can be improved for traders with high volumes.
Pros
- Potential reduction in commissions with increased trading volume.
- Rebate program for major American traders.
- No fees for deposits and withdrawals.
Cons
- High transaction commission on DMA accounts.
- Inactivity fee.
- High swaps.
MTrading
MTrading's commissions are above the market average, which can affect the overall profitability of the trader.
Pros
- There are no withdrawal fees.
Cons
- Commission per trade on M.Pro is above average.
- Almost all swaps are negative.
- Additional commission for account inactivity.
Deposit and Withdrawal
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| Broker | FOREX.com | MTrading |
|---|---|---|
| Rating | 4.3/5 | 4/5 |
| Account Funding Methods |
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FOREX.com
FOREX.com provides diverse and convenient methods for depositing and withdrawing funds with low costs and reasonable processing times.
MTrading
MTrading offers a limited selection of payment systems, but transactions are fast and commission-free.
Pros
- No commissions for depositing and withdrawing funds.
- Fast execution of payments.
- Support for cryptocurrency payments.
Cons
- Lack of popular methods such as bank transfer and credit cards.
Markets and Products
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| Broker | FOREX.com | MTrading |
|---|---|---|
| Markets and Products | 4.5/5 | 4/5 |
| Forex | 91 | 38 |
| Precious Metals | 16 | 5 |
| Energy Carriers | 14 | 3 |
| Soft Commodities | 22 | - |
| Indices | 54 | 10 |
| Stocks | 5500 | 87 |
| ETF | 318 | 9 |
| Bonds | 14 | - |
| Cryptocurrency | 12 | 12 |
FOREX.com
Although its leverage is relatively low, FOREX.com offers an extensive selection of markets and products.
MTrading
MTrading offers a wide range of trading assets, covering major markets and allowing traders to flexibly form their portfolio.
Pros
- Access to 38 currency pairs in the Forex market.
- Ability to trade CFDs on stocks, indices, commodities, and cryptocurrencies.
Cons
- Soft commodities are not available.
- The overall number of CFDs is average, lower than many competitors.
Trading Platforms
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| Broker | FOREX.com | MTrading |
|---|---|---|
| Rating | 5/5 | 3.5/5 |
| Trading Platforms |
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FOREX.com
FOREX.com provides a wide choice of trading platforms, including MT4, its proprietary platform, NinjaTrader, and TradingView, supporting all formats - online, desktop, and mobile applications.
MTrading
MTrading focuses on the MetaTrader 4 platform, offering its various modifications, but limits the choice of alternatives.
Pros
- Availability of the time-tested and popular MT4 platform.
- Additional features in MT4 Supreme Edition to enhance trading.
- Ability to trade through a browser with WebTrader.
Cons
- Lack of modern platforms such as MetaTrader 5 or cTrader.
Analytics
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| Broker | FOREX.com | MTrading |
|---|---|---|
| Rating | 5/5 | 3/5 |
FOREX.com
Analytics at FOREX.com is a powerful tool for traders, providing extensive information and in-depth market analysis.
MTrading
MTrading offers basic analytical tools, but they may seem limited compared to competitors.
Pros
- Access to up-to-date financial market news.
- Technical analysis from the company's experts.
Cons
- Lack of advanced analytical tools.
- No integrated services such as Autochartist or Trading Central are provided.
Education
Swipe the table left or right to view all data.
| Broker | FOREX.com | MTrading |
|---|---|---|
| Rating | 5/5 | 2.5/5 |
FOREX.com
FOREX.com offers a rich educational program suitable for all levels of traders, enhancing the user experience.
MTrading
MTrading offers basic educational materials targeted at beginner traders, but their range is limited.
Pros
- Articles on the basics of Forex.
- Overviews of indicators and strategies.
Cons
- Lack of advanced educational resources.
- No webinars or video tutorials are provided.
- Limited variety of topics.
Customer Support
Swipe the table left or right to view all data.
| Broker | FOREX.com | MTrading |
|---|---|---|
| Rating | 5/5 | 2.5/5 |
| Email Support | — | |
| Hotline Phones | — | |
| Social Media |
FOREX.com
FOREX.com provides excellent technical support with fast and professional service, available 24/7.
MTrading
MTrading's technical support has an average level, with certain shortcomings in communication channels and resolving client issues.
Pros
- Availability of online chat for quick communication.
- Support through social media.
Cons
- Lack of telephone line and email support.
- Issues with response timeliness.
- Complaints about ineffective resolution of finance-related issues.
Comparisons of FOREX.com and MTrading with other brokers
Conclusion
When choosing between FOREX.com and MTrading, match their platforms, markets, account types and funding terms to your needs.
Before opening an account, verify fees, regulation, support and service availability for your country in the sections above.
FAQ
Which broker is better: FOREX.com or MTrading?
FOREX.com ranks higher than MTrading in our editorial ranking. That does not make it a universal choice: compare fees, markets, platforms, account types and support.
Which broker is better for beginners: FOREX.com or MTrading?
Beginners should compare availability in their country, account types, minimum deposit, trading platforms and customer support.
Who has lower typical trading costs (spreads/commissions) — FOREX.com or MTrading?
It depends on the instrument and account type. Compare the live conditions in the “Commissions” section on this page — we break down the nuances category by category.
What trading platforms are available with FOREX.com and MTrading?
FOREX.com: FOREX.com, Ninja Trader, MetaTrader 4, TradingView. MTrading: MetaTrader 4. See the “Platforms” section for details and selection tips.
What markets can you trade with FOREX.com and MTrading?
FOREX.com: Forex, Precious Metals, Energy Carriers, Soft Commodities, Indices, Stocks, ETF, Bonds, Cryptocurrency. MTrading: Forex, Precious Metals, Energy Carriers, Indices, Stocks, ETF, Cryptocurrency. Full lists and differences are in the “Markets” section.
What account types are offered by FOREX.com and MTrading?
FOREX.com: Standard, MT4, DMA. MTrading: M.Cent, M.Premium, M.Pro. See “Account Types” for a side-by-side comparison.
What deposit and withdrawal methods are supported by FOREX.com and MTrading?
FOREX.com: Neteller, Skrill, Bank Transfer, Credit and Debit Cards. MTrading: Neteller, Skrill. Check method-specific fees/settlement times.
Which broker is safer — FOREX.com or MTrading — and how was this assessed?
We consider regulation, corporate transparency, fund protection, and incident history. See the “Reliability” section for our findings.
