MTrading Review 2024
According to our idea, the TU Overall Score indicator should answer the biggest question of all: “Can I trust this broker with my money?”. The scores range within 0.01 – 9.99 (the higher the indicator the more trust the broker has). More details
- $100
- MetaTrader4
- MT4 Supreme Edition
- MT4 Multi-Terminal
- MT4 Web Trader
- 2012
According to our idea, the TU Overall Score indicator should answer the biggest question of all: “Can I trust this broker with my money?”. The scores range within 0.01 – 9.99 (the higher the indicator the more trust the broker has). More details
- $100
- MetaTrader4
- MT4 Supreme Edition
- MT4 Multi-Terminal
- MT4 Web Trader
- 2012
Our Evaluation of MTrading
According to our idea, the TU Overall Score indicator should answer the biggest question of all: “Can I trust this broker with my money?”. The scores range within 0.01 – 9.99 (the higher the indicator the more trust the broker has). More details
MTrading is a broker with higher-than-average risk and the TU Overall Score of 3.04 out of 10. Having reviewed trading opportunities offered by the company and reviews posted by MTrading clients on our website, Traders Union expert Anton Kharitonov recommends users to consider a more reliable broker with better conditions, as, according to reviews, many clients of this broker are not satisfied with the company’s work.
The brokerage company’s goal is to provide high-quality financial services to both experienced and novice traders. MTrading is constantly evolving to meet all the needs of its clients.
Brief Look at MTrading
MTrading is an online broker offering advantageous trading terms to novice and experienced traders. The company was founded in 2012 and since then has been serving clients in Latin America, Africa, the Asia-Pacific region, and the Commonwealth of Independent States (CIS countries).
The company offers its clients a high-quality education program, favorable trading terms, and competent round-the-clock client support service. The broker also has investment programs for passive trading. The company has a financial services license and a regulator, represented by an independent Financial Commission that guarantees the protection of client funds up to 20,000 euros.
- large leverage of 1:1000;
- high-quality education program for traders with different levels of experience;
- favorable trading terms that are suitable for both beginners and professionals.
- a limited range of trading assets;
- no pending orders (stop/limit);
- the $100 minimum deposit is unaffordable for many beginners;
- recurring difficulties with withdrawal;
- no Islamic (swap-free) accounts;
- client support is not very responsive;
- there are failures and hangups in the operation of the trading platforms.
TU Expert Advice
Financial expert and analyst at Traders Union
MTrading has been providing financial services for 8 years, and during that time, over 250 thousand traders worldwide have become clients of this broker. Such indicators are signs of the reliability of the company and the quality of customer service.
The company’s priority is to provide equally favorable trading terms for both beginners and professionals. The company offers clients fast order processing, narrow spreads, and high leverage.
The company’s attitude towards users regardless of their level of experience was appreciated by clients from many countries. Throughout its history, the company has received hundreds of positive reviews. Traders frequently mention its fast order processing, the low trading fee, and the absence of additional fees for broker services. MTrading also provides traders with prompt assistance from a multilingual client support service.
Negative feedback about the broker is associated with a delay in transferring funds to the client’s user account. All issues and questions can be resolved through the broker’s client support service and managers who respond to user comments on problems and contentious issues concerning the broker’s activities. Plus, client support services are available 24 hours a day.
During its cooperation with the Traders Union, MTrading has proven itself as a reliable partner that always fulfills its obligations.
- You are comfortable with high leverage. MTrading offers leverage up to 1:1000, providing the potential for amplified profits (while also increasing risk).
- Social trading appeals to you. MTrading offers copy trading features, allowing you to follow and replicate the strategies of experienced traders.
- Regulation is crucial for you. MTrading is regulated by the Vanuatu Financial Services Commission (VFSC), which is considered less stringent than regulatory bodies like the FCA or CySEC.
- You are looking for Shariah-compliant trading options. MTrading currently does not specifically cater to Islamic finance principles, which may be a concern if adherence to these principles is a key consideration for your trading.
MTrading Summary
Your capital is at risk. CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. A high percentage of retail investor accounts lose money when trading CFDs. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.
💻 Trading platform: | MetaTrader 4, MT4 Multiterminal, MT4 Supreme Edition, MT4 Web Trader |
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📊 Accounts: | Demo, M.Premium, M.Pro |
💰 Account currency: | EUR, USD, and RUB |
💵 Replenishment / Withdrawal: | Visa, MasterCard; EPS: WebMoney, Qiwi, Skrill, Perfect Money, Neteller, AstroPay, Alfa-Bank, manual operation, NganLuong.vn, prepaid card, wire transfers |
🚀 Minimum deposit: | $100 |
⚖️ Leverage: | From 1:25 to 1:1000 |
💼 PAMM-accounts: | Yes |
📈️ Min Order: | 0.01 lots |
💱 Spread: | From 0.0 pips |
🔧 Instruments: | Currency pairs, CFDs on stocks, indexes, commodities, energies, precious metals |
💹 Margin Call / Stop Out: | 100% / 30% |
🏛 Liquidity provider: | - |
📱 Mobile trading: | The author’s MTrading app (Android) |
➕ Affiliate program: | Yes |
📋 Orders execution: | Market Execution |
⭐ Trading features: | Automatic trading; Web Trader; Investment programs for passive trading. |
🎁 Contests and bonuses: | Yes |
MTrading describes itself as an STP/ECN broker with a minimum deposit of $100, which is the minimum for a broker at this level. The company’s clients note low spreads, fast processing of orders, and the ability to trade automatically.
A significant advantage is also the high leverage of 1:1000. This parameter allows the client to earn more money, whereas low leverage (for example, 1:200) reduces the trader’s earnings.
The brokerage company is interested in educating novice traders and improving the skills of already experienced market participants. To that end, there is an Education section that contains substantial materials. In addition, MTrading provides clients with access to in-depth analytics and the latest market news.
The client can always contact the client support service if he has trading questions or problems. Qualified specialists provide traders with round-the-clock assistance and are ready to respond in their native language.
MTrading Key Parameters Evaluation
Trading Account Opening
To make your first experience with the MTrading broker more comfortable, we recommend taking an online tour of your user account and paying close attention to the registration process.
You can log in or register from the main page of the website. If you already have an account, click on the Login button. If you do not have an account with an MTrading broker, click on “Open account”.
After clicking on the Login button, you will see a window where you need to enter personal data — email and password. If you forgot your password, click on “Forgot password?” and follow the instructions.
After you sign up, you’ll see a window where you need to enter your personal information, including your full name, email address, and phone number. The broker also has a field in which you can specify the referral code if you have one. After entering all the details, you must agree to the terms of use and click on the Register button.
To log in to your user account, you need to verify your registration. To do this, go to your mailbox and open an email from MTrading. In the email, click on the “Traders Room login” button.
In the window that opens, enter the combination that will become your password. The combination must contain:
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capital letters;
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lowercase letters;
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numbers;
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special characters;
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minimum of 8 characters.
After entering the password, click on the Next button.
This completes the registration procedure, and you will now have access to your user account.
From the cabinet, you can access the profile settings, where you can change and supplement personal data, upload identity documents for verification, set up account deposit/withdrawal and margin call notifications, and change the basic settings, such as language, time zone, and account password.
The user account gives you access to information about the status of your account, transaction history, partner tools (referral link and referral code), and personal statistics as the broker partner.
Information about the start of trading, trading platforms, and educational materials with analytics can be found on the broker’s home page.
Regulation and Safety
The MTrading brokerage company is registered in the State of Saint Vincent and the Grenadines under no. 24275 IBC 2017.
The regulator that issued the license to the company imposed several requirements. The broker’s fulfillment of its obligations extends the license for the provision of financial services. In the event of non-compliance with the requirements specified by the regulator, the brokerage company’s license will be revoked.
Furthermore, the activities of the company are governed by an international body, the independent Financial Commission, which protects the interests of MTrading clients. The same organization guarantees insurance for each client’s deposit up to 20,000 euros.
Advantages
- Regulations governing the relationship between the broker and the trader
- Client funds are insured up to a maximum of 20,000 euros
- Accreditation details and other documents are available in the public domain on the broker’s website.
Disadvantages
- Only one accreditation body
Commissions & Fees
Account type | Spread (minimum value) | Withdrawal commission |
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M.Premium | $0 | No |
M.Pro | $4 | No |
TU experts also examined and compared MTrading broker trading fees to those of its competitors RoboForex and PocketOption. Broker trading fees were divided into three categories based on the results: low, medium, and high.
Broker | Average commission | Level |
---|---|---|
|
$2 | |
|
$1 | |
|
$8.5 |
Account Types
To begin working with MTrading, a trader only needs to complete the registration process on the broker’s website. Registration takes only a few minutes and does not necessitate any additional action on the client’s part (personal identification). When registering, the client must select the type of account. The demo account does not require a deposit and is suitable for training. After opening a real account, it is necessary to make a minimum deposit. The trader can then begin trading and earn his first money using MTrading.
Account types:
The broker provides traders with several trading platforms, including the classic MetaTrader 4. Clients can also use the advanced versions, MT4 Multiterminal and MT4 Supreme Edition. As for mobile trading, the broker offers the MT4 Web Trader platform, which is available on both Android and iOS systems.
Deposit and Withdrawal
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Clients of MTrading do not pay any additional fees when depositing or withdrawing funds: these functions are provided for free. Also, the broker does not charge an additional fee for its services.
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The broker provides 12 methods to deposit and withdraw funds: using Visa and MasterCard bank cards, as well as electronic payment systems such as WebMoney, Qiwi, Skrill, Perfect Money, Neteller, AstroPay, Alfa-Bank, manual operation, NganLuong.vn, Prepaid Card, and wire transfers.
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The finance department processes withdrawal requests quickly. As for deposits, they are also processed instantly. Withdrawal of funds can take from a few hours to several days.
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To withdraw funds, the client must pass verification. To do this, he needs to upload the relevant documents to the Documents section of his user account. Without verification, funds cannot be withdrawn.
Investment Options
MTrading allows clients to profit from both active and passive trading. The investment program is intended for traders who do not have a deep knowledge of the foreign exchange market or do not have enough time to analyze market trends. To earn income, it is not necessary to have trading experience; it is enough to become a member of the investment program at MTrading.
PAMM: investor
To participate in this program, it is enough to invest in an account. The account will be managed by a professional trader, while the client may actively monitor the profitability of the manager’s trading. If the profitability is unsatisfactory, the client can always change the account manager.
The minimum deposit amount is $200. The client can increase the deposit amount at any time; however, starting to invest with MTrading requires a minimum deposit of $200.
Reporting. The client can monitor the activity of accounts and their profitability through his user account. Thus, the investor is always up to date and, if necessary, can change the account manager if the investment results turn out to be unsatisfactory.
International cooperation. The broker gives the client complete freedom in choosing an account manager. So, an investor can choose a professional from any point in the world based on his rating.
Accessibility. To become an investor, it is enough to open a user account on the broker’s website, choose a suitable manager, and invest funds.
Duration. A long-term investment, starting at one year, is recommended for the most effective use of funds. During this time, the account’s profitability will be several times higher than in the short term.
Copy trading
Copy trading is suitable for making a profit by copying the trades of experienced traders. To profit in the Forex market, an investor does not need extensive knowledge of the market. It is enough to check the ratings of traders and copy their trades.
Affordability. To use the copy trading function, clients must first open an account and pay a fee. The fee is set by a professional trader who publishes his own trades.
Mobility. To copy trades, the investor does not need to install additional software.
Versatility. Copy trading can be used by investors of all levels of experience, including beginners.
Independence. The investor independently chooses which trades he wants to copy. Accordingly, the whole process depends solely on his decisions. If desired, the investor can choose several traders whose trades seem the most profitable for him and subscribe to them.
Individual approach. Trades selected by the investor are processed automatically. However, he can switch from automatic to independent trading at any time and manage the process personally.
If you are a large investor and plan on investments over $10,000, contact us at vip-invest@tradersunion.com or by the feedback form on our website. Our professional team will take you through all the intricacies of the deal and all the steps from signing up to withdrawal of profits.
MTrading’s referral program
Another way to make a profit without trading is to participate in a referral program. This broker offers several participation options, each with a financial reward for the client.
PAMM account management. The partner is responsible for managing the accounts of the broker’s other clients. To become a managing partner, the user needs to fill out a form on the website and have sufficient experience in trading.
Providing trading signals. It is another partnership option for experienced market participants. The trader’s task will be to provide signals for the copy trading service for a fee.
Education center management. The partner’s responsibilities include holding online and offline thematic classes and workshops for traders. All events are sponsored by the broker.
Development of trading robots. A partner can be either an individual or a company involved in the development of automated trading systems for the Forex market, such as expert advisors, indicators, and other algotrading tools.
Providers of targeted traffic. The partner is provided with the marketing materials needed for the work, such as banners, landing pages, and other assets that should be tailored to the target audience. The partner places them on his website, thereby increasing traffic conversion and monetary profits.
Additional Trading Tools
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Copy Trading.
This service is designed for passive investing. It allows you to create trading strategies based on the trading activity of a selected experienced trader (master) whose trades are copied. Profit is accrued to the investor weekly, every Sunday. The commission for using the service is debited from the investor’s balance once a week or month, depending on what settings the wizard has set.
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Technical Analysis.
The broker's technical analysis section allows traders to save time independently studying market trends and analyzing them. The broker's website publishes daily fresh analytics on various trading assets, which allows you to quickly monitor the dynamics of the market in general and the selected trading asset in particular and make transactions with maximum profit.
Customer Support
The broker provides its clients with high-quality client support that will assist in resolving any trading questions and problems. The client support service is multilingual and available to traders at any time. Assistance is provided by qualified specialists.
Advantages
- 24-hour client support service
- Client support is multilingual
- Traders are assisted by qualified specialists
Disadvantages
- client support’s response time could be faster
- Few communication options
MTrading’s client support service can be contacted in a variety of ways, including:
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by phone;
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by email;
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messaging via online chat.
Contacts
Foundation date | 2012 |
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Registration address | First Floor, First Saint Vincent Bank Ltd. Building, James Street, Kingstown, St. Vincent and the Grenadines. |
Regulation | FinaCom |
Official site | mtrading.com |
Contacts |
+357 220 241 66
|
Education
The MTrading brokerage company provides its clients with not only favorable trading terms but also an educational foundation. A novice trader may understand the fundamentals of trading with the help of webinars, articles, and analytical materials, while an experienced market participant can deepen his knowledge of the foreign exchange market.
Traders Union experts recommend using a demo account to improve the effectiveness of the educational process. This way, you can put your knowledge into practice while keeping your capital safe. Such a system is suitable for a novice trader, who will receive the necessary practical skills for successful trading. A demo account also allows experienced traders to test new trading strategies and evaluate their effectiveness in practice without risking their own funds.
Comparison of MTrading with other Brokers
MTrading | RoboForex | Pocket Option | Exness | IC Markets | Forex4you | |
Trading platform |
MetaTrader4, MT4 Web Trader, MT4 Supreme Edition, MT4 Multi-Terminal | MT4, MT5, R MobileTrader, R StocksTrader, R WebTrader | Pocket Option, MT5, MT4 | Exness Trade App (mobile), Exness Terminal (web), MetaTrader5, MetaTrader4 | MT4, cTrader, MT5, TradingView | MT4, MobileTrading, MT5 |
Min deposit | $100 | $10 | $5 | $10 | $200 | No |
Leverage |
From 1:1 to 1:1000 |
From 1:1 to 1:2000 |
From 1:1 to 1:1000 |
From 1:1 to 1:2000 |
From 1:1 to 1:500 |
From 1:10 to 1:1000 |
Trust management | No | No | No | No | No | No |
Accrual of % on the balance | No | No | No | No | No | No |
Spread | From 0 points | From 0 points | From 1.2 point | From 1 point | From 0 points | From 0.1 points |
Level of margin call / stop out |
100% / 30% | 60% / 40% | 30% / 50% | No / 60% | 100% / 50% | 100% / 20% |
Execution of orders | Market Execution | Market Execution, Instant Execution | Market Execution | Market Execution, Instant Execution | Market Execution | Market Execution, Instant Execution |
No deposit bonus | $30 | No | No | No | No | No |
Cent accounts | No | Yes | No | No | No | Yes |
Detailed review of MTrading
The MTrading brokerage company was founded in 2012 and provides international financial services. In its first eight years of operation, it has managed to open more than ten offices on four continents. The company has over 250,000 clients globally.
The company was founded in Saint Vincent and the Grenadines and is registered under registration no. 24275 IBC 2017. The broker also guarantees its clients’ deposit protection and insurance in the amount of up to 20,000 euros. Client funds are secured by an independent Financial Commission.
MTrading by the numbers:
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1:1000 is the maximum leverage;
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4 is the number of continents where MTrading offers its services;
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$4 is the maximum amount of the trading fee;
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8 years of providing quality services;
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more than 10 offices located in different parts of the world;
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100+ trading assets;
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over 5,000 referral program participants from various countries;
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20,000 euros is the maximum amount of insurance for each client’s deposit;
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more than 250,000 satisfied clients worldwide.
MTrading has favorable trading terms for beginners and professionals
The MTrading brokerage company strives to provide its clients with equal trading terms, regardless of their trading experience.
The broker offers beneficial trading terms, such as low trading fees, high leverage, and the ability to use trading robots. Clients also have access to advanced trading platforms and mobile trading solutions. The trading terms on the two broker accounts are nearly identical, indicating the company’s loyalty to clients regardless of their professionalism. Also, the broker’s relationship with clients is regulated by an independent Financial Commission, and each deposit is insured.
MTrading offers two types of order execution: STP and ECN, which allow traders to trade on the interbank market. This approach assumes increased speed in order processing and high liquidity in trading assets.
Additionally, the company provides users with trade copying services. As a result, a trader can profit from copying the trades of experienced market participants. The client can also invest in a PAMM account and earn passive income from the manager’s trading.
Advantages:
narrow spreads from 0.1 pips;
large leverage of up to 1:1000;
several deposit and withdrawal options;
fast processing of orders;
more than 100 trading assets, including currency pairs, stocks, indexes, precious metals, and commodities;
high-quality education program for novice traders;
access to in-depth analytics and the latest news on the foreign exchange market;
the ability to use automated trading programs;
24-hour multilingual client support service;
providing clients with MT4, the proven trading platform;
author’s application for mobile trading;
availability of investment programs for passive trading;
client funds are reliably protected and insured up to a maximum of 20,000 euros.