Traders Union has analyzed financial markets for over 14 years, evaluating brokers based on 250+ transparent criteria, including security, regulation, and trading conditions. Our expert team of over 50 professionals regularly updates a Watch List of 500+ brokers to provide users with data-driven insights. While our research is based on objective data, we recommend that users perform independent due diligence and consult official regulatory sources before making any financial decisions.
Learn more about our methodology and editorial policies.
MTrading Pros & Cons
- 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 Verdict
MTrading carries a higher degree of risk. My review and user feedback point to noticeable performance issues and limitations. It may be appropriate only for experienced traders who fully understand the risks and are prepared for potential instability.
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Commissions and Fees
Score:We evaluate brokers' fees and spreads by assessing the costs associated with Standard and ECN/Raw spread accounts, including commissions and spreads. Additionally, our evaluation considers extra fees such as deposit/withdrawal charges and inactivity fees. Learn the assessment criteria6 /10The trading and non-trading commissions of MTrading have been analyzed and rated as having Medium fees, with a fees score of 6/10. Additionally, these commissions were compared with those of the top two competitors, ZForex and OANDA, to provide the most comprehensive information.
- Low Forex trading fees
- Tight EUR/USD market spread
- No deposit fee
- No withdrawal fee
- Inactivity fee applies
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Is MTrading Safe?
Score:We evaluate brokers' safety based on several key criteria. The highest value is placed on regulation, especially Tier 1 regulation, which ensures adherence to stringent standards set by top financial authorities like the FCA in the UK, CFTC in the US, CySEc and BaFin (EU) or ASIC (Australia). High scores are also given for participation in investor protection funds, which safeguard clients' funds in case of broker insolvency. Learn the assessment criteria4.7 /10MTrading has a safety score of 4.7/10, which corresponds to a Low security level. The safest brokers are those with Tier-1 regulation, a long history (over 10 years in the market), and participation in investor compensation schemes.
- Is regulated
- Negative balance protection
- Track record over 14 years
- Not tier-1 regulated
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Account Types
Score:We evaluate a broker’s account offering by analyzing the range and suitability of available account types and how effectively they cater to different trader profiles and strategies. Our assessment covers the diversity of account options — including Standard, ECN/Raw, Cent, Swap-Free (Islamic), and VIP accounts — as well as the flexibility of trading conditions provided. Learn the assessment criteria.4.1 /10MTrading offers the following account options: Demo, Standard, ECN/Raw spread, Cent, Micro, Swap Free, Managed.
MTrading covers the core account types, making it convenient for traders with different preferences and strategies.
- Demo account
- Standard account with balanced trading conditions
- Tight spread ECN account
- No VIP account option
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Deposit and Withdrawal
Score:This section assesses the efficiency, speed, and affordability of brokers’ transaction processes, focusing on available methods, currencies, and fees. For further details, please refer to our data-focused methodology6.5 /10MTrading received a Medium score for the efficiency and convenience of its deposit and withdrawal processes.
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Markets and Tradable Assets
Score:The evaluation in this section is based on the TU methodology and reflects the total number and variety of tradable assets offered by the broker, including Forex currency pairs. It also considers the availability of passive income tools such as PAMM accounts, copy trading, and similar services. All information is obtained from publicly available sources and may change. Learn the assessment criteria6.3 /10MTrading offers a limited selection of trading assets compared to the market average. The platform supports 123 assets in total, including 60 Forex pairs.
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Trading Account Opening
We successfully registered an account with MTrading in 5 minutes. The KYC verification was completed within 2 business days. The minimum deposit amount at MTrading is $10.Score:We evaluated Trading Account Opening at MTrading by testing the registration process under real conditions, including opening an account and funding it with the minimum required deposit (but no less than $100). Our assessment considered whether onboarding was fully online, the average registration time, the speed of KYC verification, and how quickly traders could activate their accounts. Learn the assessment criteria.9 /10This is one of the most accessible and hassle-free onboarding procedures on the market.
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Trading platforms & tools
Score:This section evaluates the quality and variety of trading platforms offered by the broker. It considers supported platforms, core features, device compatibility, and the availability of tools for automation, analysis, and different trading styles. Learn the assessment criteria7.5 /10MTrading received a score of 7.5/10, reflecting an average offering in terms of trading platforms and tools. The broker covers essential functionality but may fall short in some advanced features or platform diversity compared to leading competitors.
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Mobile Apps
Score:This section assesses the quality and functionality of the broker’s mobile trading apps. It takes into account app ratings, number of downloads, platform features such as two-factor authentication (2FA), mobile alerts, and technical indicators, ensuring traders can manage positions and monitor markets effectively from their smartphones. Learn the assessment criteria2 /10 -
Customer Support
Score:We evaluated Customer Support at MTrading by opening a real account funded with the minimum required deposit (no less than $100) and contacting support to measure response time under real conditions. Our assessment considered contact channels, response speed, multilingual support, and availability hours. Learn the assessment criteria5.2 /10
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FAQs
How safe is trading with MTrading in terms of regulation and investor protection?
MTrading has a safety score of 4.7/10, which corresponds to a low security level in this review. It is regulated by The Financial Commission, classified here as a Tier-3 regulator, and offers an investor protection fund of up to €20,000 along with negative balance protection and mandatory KYC. However, it is not tier-1 regulated, which in the TU methodology is typically associated with higher perceived safety levels.
What trading account types does MTrading offer and how do they differ?
MTrading provides several account types, including Demo, Standard (Premium), ECN/Raw spread (Pro), Cent, Micro, Swap Free, and Managed accounts, but it does not offer a VIP option. The Premium account has a $100 minimum deposit, access to 38 currency pairs, 74 CFDs, and 10 indices with spreads from 1 pip and no trading fee, while the Pro account has a $500 minimum deposit, access to 27 currency pairs and 2 CFDs, spreads from 0 pips, and a $4 fee per standard lot. The demo account uses virtual funds for practice and strategy testing without financial risk.
What do user reviews and feedback say about MTrading’s overall user satisfaction?
MTrading has a user satisfaction score of 4.5/10 based on 69 reviews, with most ratings clustered in the 2- and 3-star range. The rating distribution shows 1% 5-star, 4% 4-star, 37% 3-star, 34% 2-star, and 23% 1-star reviews, indicating that overall user reviews are mostly negative. According to user reviews, experiences with the broker appear mixed to unfavorable in this assessment.
How do traders describe their experience with MTrading’s account opening process in reviews and feedback?
The review notes that opening an account with MTrading took about 5 minutes, with KYC verification completed within 2 business days and a minimum deposit of $10. The process is fully online and described as accessible and relatively hassle-free, although account approval time can vary depending on the documents provided. From the user cabinet, clients can manage personal data, upload verification documents, configure notifications, and access partner tools and account information.
What feedback is there on MTrading’s customer support service?
Customer support at MTrading is described as available 24 hours, multilingual, and staffed by qualified specialists, with contact options via phone, email, and online chat. During testing, response times were moderate and varied with the complexity of requests, and the review notes that support does not particularly stand out in overall performance. Some limitations mentioned include relatively few communication options and response times that could be faster.
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