MTrading Fees and Minimum Deposit - TU Expert review
Assessing the size of the fees is the second most important factor for choosing a broker after reliability. The lower the fees, the more diverse their structure, the more beneficial it is to trade with the broker. Minimum deposit is another important factor that may tip the scale in favor of a certain broker. This is particularly important for novice traders, who cannot afford to invest a lot at the beginning. Traders Union analysts have prepared an analysis of MTrading fees and also assessed the size of its minimum deposit.
Short introduction of 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.
| 💰 Account currency: | EUR, USD, and RUB |
| 🚀 Minimum deposit: | $100 |
| ⚖️ Leverage: | From 1:25 to 1:1000 |
| 💱 Spread: | From 0.0 pips |
| 🔧 Instruments: | Currency pairs, CFDs on stocks, indexes, commodities, energies, precious metals |
| 💹 Margin Call / Stop Out: | 100% / 30% |
MTrading Pros and Cons
👍 Advantages of trading with MTrading:
•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.
👎 Disadvantages of MTrading:
•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.
Key types of fees on Forex
A broker is an intermediary between a trader and an exchange. Therefore, brokers charge fees for their services. The fees may have different structure.
There are the following fees in the Forex market:
-
Spread – the difference between the buy and the sell price of an asset.
-
Commission per lot.
-
Commission per trade.
Broker fees may differ depending on the trading account type. For example, on some accounts spread is used as a trading fee, and on others – commission per lot.
MTrading Commissions and Fees
Traders Union experts examined MTrading for the presence of trading and non-trading fees. The broker’s spread is considered a trading fee, while an additional fee for withdrawing personal funds or depositing funds into the account is considered a non-trading fee.
| Account type | Spread (minimum value) | Withdrawal commission |
| M.Premium | $0 | No |
| M.Pro | $4 | No |
Why is it important to assess minimum deposit?
It is important for beginners and traders with limited financial capabilities to assess the minimum deposit of the broker. Different brokers offer different levels. Some companies focus on working with professional traders and their entry threshold is usually in the thousands or tens thousands of US dollars. Brokers that work with beginners offer low minimum deposit. It could be $500 or $100, or even $1.
In addition minimum deposit may differ depending on the account type. This is also an important factor to analyze. If a broker offers a low entry threshold, traders can get better conditions and still not spend too much money on funding their account.
MTrading Minimum deposit
Guide on how traders can start earning profits
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.
Brokers similar to MTrading
When analyzing MTrading, it is important to compare it with other similar companies. Before you choose a broker, it is important to compare its trading conditions with competitors. Traders Union analysts have prepared a comparison of the minimum deposit and other trading conditions of MTrading and other brokers.
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, Mobile Trading, MT5 |
|
Min deposit |
$100 |
$10 |
$5 |
$10 |
$200 |
No |
|
Leverage |
From 1:1 |
From 1:1 |
From 1:1 |
From 1:1 |
From 1:1 |
From 1:10 |
|
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 |
No |
No |
No |
No |
No |
No |
|
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 |
Expert Opinion
When comparing FTMO to similar prop firms, its conditions seem generally competitive and a balanced offering. With reasonable fees, enough leverage for many styles and an achievable cost starting from €155, it presents a solid choice for prop traders to evaluate further. There are also no added commissions on top of the spread which keeps trading costs low.
Some traders may find the testing requirements to be on the strict side, but this ensures people have proven themselves capable of managing risk before gaining access to larger funded accounts.
Overall, for those interested in prop trading and wanting the guidance of a funded program, FTMO offers a decent option to consider. Just be prepared to treat the challenge period like the job interview that it is.
Conclusion
Analysis of MTrading shows that the broker has a rather high minimum deposit. It could pose a problem for traders, who are only starting their path in trading. Nevertheless, the fees are low. Therefore, the broker will be a good choice for professional traders.
- Libertex Fees and Minimum Deposit
- OvalX Fees and Minimum Deposit - ETX Capital Review
- SuperForex Fees and Minimum Deposit
- Axi Fees and Minimum Deposit - AxiTrader Review
- Saxo Bank Fees and Minimum Deposit
- Fusion Markets Fees and Minimum Deposit
- AvaTrade Fees and Minimum Deposit
- NAGA Fees and Minimum Deposit - NAGA Markets Review
- AximTrade Fees and Minimum Deposit
- ProsperityFX Fees and Minimum Deposit - Prosperity4X Review
- HugosWay Fees and Minimum Deposit
- MultiBank Fees and Minimum Deposit
- AMarkets Fees and Minimum Deposit
- Admiral Markets Fees and Minimum Deposit
- Capital.com Fees and Minimum Deposit
- Kot4x Fees and Minimum Deposit
- EagleFX Fees and Minimum Deposit
- LiteForex Fees and Minimum Deposit - LiteFinance Review
- RoboForex Fees and Minimum Deposit
- BDSwiss Fees and Minimum Deposit
- IG Markets Fees and Minimum Deposit
- Alpari Fees and Minimum Deposit
- XTB Fees and Minimum Deposit - X-Trade Brokers Review
- Trust Capital Fees and Minimum Deposit
- XM Broker Fees and Minimum Deposit
- Weltrade Fees and Minimum Deposit
- FXChoice Fees and Minimum Deposit - FX Choice Review
- Grand Capital Ltd. Fees and Minimum Deposit
- Pocket Option Fees and Minimum Deposit
- Vantage FX Fees and Minimum Deposit - VantageFX Review
FAQs
What spread can be considered low?
Ideally, the spread should be at 0.1 pips for EURUSD. However, if the spread is lower than 1 pip, it can also be considered a low level.
What deposit amount should a beginner start with?
Some brokers offer a minimum deposit of $1. However, it is recommended to deposit at least $300-500 to the account to be able to trade fully.
Can you reduce the fees?
As a rule, the fees depend on the trading account type. Also, companies may have special offers.
Related Articles
Team that worked on the article
Mikhail Vnuchkov joined Traders Union as an author in 2020. He began his professional career as a journalist-observer at a small online financial publication, where he covered global economic events and discussed their impact on the segment of financial investment, including investor income. With five years of experience in finance, Mikhail joined Traders Union team, where he is in charge of forming the pool of latest news for traders, who trade stocks, cryptocurrencies, Forex instruments and fixed income.
The area of responsibility of Mikhail includes covering the news of currency and stock markets, fact checking, updating and editing the content published on the Traders Union website. He successfully analyzes complex financial issues and explains their meaning in simple and understandable language for ordinary people. Mikhail generates content that provides full contact with the readers.
Mikhail’s motto: Learn something new and share your experience – never stop!
Olga Shendetskaya has been a part of the Traders Union team as an author, editor and proofreader since 2017. Since 2020, Shendetskaya has been the assistant chief editor of the website of Traders Union, an international association of traders. She has over 10 years of experience of working with economic and financial texts. In the period of 2017-2020, Olga has worked as a journalist and editor of laftNews news agency, economic and financial news sections. At the moment, Olga is a part of the team of top industry experts involved in creation of educational articles in finance and investment, overseeing their writing and publication on the Traders Union website.
Olga has extensive experience in writing and editing articles about the specifics of working in the Forex market, cryptocurrency market, stock exchanges and also in the segment of financial investment in general. This level of expertise allows Olga to create unique and comprehensive articles, describing complex investment mechanisms in a simple and accessible way for traders of any level.
Olga’s motto: Do well and you’ll be well!