MTrading vs XBTFX - Fees Review included
Which broker is better MTrading or XBTFX? Our expert assessment conducted according to TU’s own methodology showed that MTrading is one of the top brokers in the financial market with the TU Overall Score of 2.99 out of 10. XBTFX is one of the top brokers in the financial market with the TU Overall Score of 7.52 out of 10. Find out more about TU Overall Score.
| Feature | MTrading | XBTFX |
|---|---|---|
Overall |
3.5 |
3.7 |
1 |
1.2 |
|
3.8 |
4.2 |
|
3.6 |
3.9 |
|
Investment Instruments |
3.5 |
4.6 |
Platforms and Charting Tools |
3.6 |
4.7 |
Deposit and Withdrawal |
4 |
4.5 |
Research |
3.5 |
3.8 |
Education |
3.5 |
3.5 |
Support |
4.1 |
4.1 |
Bonuses |
4.2 |
2.4 |
|
|
|
MTrading vs XBTFX: Pros and Cons
“MTrading” broker is the company that presents its brokerage services in the field of online-trading, giving a possibility to deal with currencies, precious metals, securities, etc. “MTrading” company offers to use up-to-date and advanced software, which will allow you to carry out an efficient trading on the financial markets regardless of your experience.
Established in 2019, XBTFX has been following its core goal to bridge the gap between the cryptocurrency market and brokerage companies. At the same time, the company runs its business based on the principles of high transparency and accessibility. XBTFX is a Cryptocurrency-based Forex and CFD provider that gives customers access to leveraged trading on digital assets and traditional financial markets.
| MTrading | XBTFX | |
|---|---|---|
| Overall Pros | Low minimum deposit requirements | Crypto dposits |
| Demo account is free and available | Big choice of supported crypto assets | |
| Copy trading avaible | Copy trading and MAM services for investors | |
| Overall Cons | Not regulated | unregulated broker |
| No cent accounts |
MTrading vs XBTFX: Safety and Regulation
| Regulated By: | MTrading | XBTFX |
|---|---|---|
US Regulation |
No |
No |
FCA (Great Britain) |
No |
No |
CySec (Cyprus, EU) |
No |
No |
ASIC (Australia) |
No |
No |
Other Regulators |
No |
Not regulated |
MTrading vs XBTFX: Trading Conditions
| Trading Conditions | MTrading | XBTFX |
|---|---|---|
Minimum Deposit |
$1 |
$1 |
Trading Platforms |
MetaTrader 4, MT4 Multiterminal, MT4 Supreme Edition, MT4 Web Trader |
MT4, MT5, Webtrader, Mobile platforms |
Max Leverage (Futures) |
1-1000 |
1-500 |
Supported Markets |
Forex, Stocks, Commodities, Indices |
FX, Commodities, CFDs, CryptoCurrency, Share CFD, Commodities, Metals |
Trading assets |
100+ |
150+ |
Trading Accounts |
Demo, M.Premium, M.Pro |
Standard, ECN |
Base Account Currencies |
EUR, USD, RUB |
BTC, ETH, XRP, USDT, USDC |
MTrading vs XBTFX: Fees
Forex Trading Fees
| Fee | MTrading | XBTFX |
|---|---|---|
Standard Account EURUSD Average Spread |
1.2 pips |
1 pip |
Standard Account Fee |
$0 |
$0 |
ECN/STP Account Fee |
Not supported |
$3.5 per lot |
ECN Account EUR Average Spread |
Not supported |
0.2 pips |
CFD Trading Fees
| Fee | MTrading | XBTFX |
|---|---|---|
CFD Trading Fee |
Floating spread |
Crypto CFDs - 0.075% per deal, US Stock CFDs $0.10 per share, EU, ASIA, Russia stock CFDs - 0.45% |
Non-Trading Fees
| Fee | MTrading | XBTFX |
|---|---|---|
Account Fee |
No |
No |
Deposit Fee |
Visa/Mastercard - 1,5%; Perfect Money - 1%; Wire transfer/Skrill/Neteller - 0% |
No |
Withdrawal Fee |
Visa/Mastercard - 1,5%; Perfect Money - 1%; Wire transfer - 0%; Skrill/Neteller - 3% |
No |
Inactivity Fee |
No |
No |
A conversion fee may be applied as withdrawals and deposits are conducted in USD. Any other currency will have to be converted.
MTrading vs XBTFX: Trading Assets
| Asset Name | MTrading | XBTFX |
|---|---|---|
Overall |
100+ |
200+ |
Forex |
Yes |
Yes |
Stocks |
Yes (CFD) |
Yes (CFD) |
Metals |
Yes (CFD) |
Yes (CFD) |
Cryptocurrencies |
No |
Yes |
Energy |
Yes (CFD) |
Yes (CFD) |
Indices |
Yes (CFD) |
Yes |
ETFs |
No |
No |
Bonds |
No |
No |
Mutual funds |
No |
No |
Stock options |
No |
No |
Futures Trading |
No |
No |
Binary Options |
No |
No |
MTrading or XBTFX: Investment Programs
| Asset Name | MTrading | XBTFX |
|---|---|---|
Copy Trading |
Yes |
Yes |
MAM/PAMM |
Yes |
Yes |
Managed Accounts |
No |
No |
Other |
No |
No |
Trading Platforms: XBTFX or MTrading
| MTrading | XBTFX | |
|---|---|---|
MT4 |
Yes |
Yes |
MT5 |
No |
Yes |
cTrader |
No |
No |
Appropriate platform |
No |
No |
Others |
No |
No |
|
|
|
MTrading vs XBTFX: Deposit and Withdrawal Methods
| Deposit and Withdrawal Method | MTrading | XBTFX |
|---|---|---|
Bank Transfer |
Yes |
No |
Debit Card |
Yes |
No |
Electronic Wallets |
Yes |
No |
Crypto |
No |
Yes |
MTrading vs XBTFX: Research
| Research Type | MTrading | XBTFX |
|---|---|---|
News Feed |
Yes |
Yes |
Fundamental Data |
No |
No |
Chart Analysis |
Yes |
Yes |
Trading Ideas |
No |
No |
E-Mail Reports |
No |
No |
MTrading vs XBTFX: Education
| Education Type | MTrading | XBTFX |
|---|---|---|
Demo-account/Paper Trading |
Yes |
Yes |
Webinars |
Yes |
No |
Articles |
Yes |
Yes |
Videos |
No |
No |
Cent account |
No |
No |
XBTFX vs MTrading: Support
| Support Features | MTrading | XBTFX |
|---|---|---|
Working Days |
24/7 |
24/7 |
Yes |
Yes |
|
Phone |
Yes |
No |
Online chat |
Yes |
No |
Other |
No |
Twitter, Facebook, Reddit |
MTrading vs XBTFX: Forex Bonuses and Promo
| Promo | MTrading | XBTFX |
|---|---|---|
Forex Bonus |
Welcome Bonus 30$, Deposit Bonus up to 200%. |
No |
Affiliate Program |
Yes |
Earn up to 30% of what your referrals pay in trading fees |
Other Promos |
||
|
|
|
Top 5 Reviews on XBTFX
-
Comment
I have been working with XBTFX for three months and I am satisfied. Spreads are lower than with other companies. Slippages are fairly low if any. The platform workswithout any problems, I open and close orders instantly. And the support is adequate.
-
Comment
From the very beginning, XBTFX conditions suited me and I was satisfied with a minimum deposit. To achieve results, of course, you need more, but this is a good investment to start with for a novice trader. Then, when you become more experienced, you can increase it and get rich.
-
Comment
Good guys work at xbtfx and I often write to them in the chat. Everything is explained clearly, and I am satisfied with deposit and withdrawal methods. Fees are also good.
-
Comment
I would like to share my experience with XBTFX, which turned out to be a good choice. Among the positive aspects is that this broker allows scalping and also provides high leverage, which can be useful for experienced traders. The account opening process was incredibly fast and took only 3 minutes. I liked that the information on the XBTFX website is accessible, making it easy to interact with. All this made my work in the market easy and comfortable.
-
Comment
I have been trading with XBTFX since 2023, starting with small amounts. Now I am already trading with large amounts and I can wholeheartedly recommend this broker, because execution of orders is excellent and withdrawal of profits is very fast. The broker doesn't interfere with trading.
Top 5 Reviews on MTrading
-
Comment
Without a doubt, MTrading is reliable. I opened an account there a long time ago and during all this time there was no reason to change the broker. The main thing is that I have withdrawn my profits more than once to different payment systems; depending on the system, withdrawals take from two hours to two days. There are no special complaints regarding trading. There are, however, gaps and slippages. Well, where would we be without them? But I didn’t notice any manipulations on the part of MTrading.
-
Comment
MTrading is one of the oldest brokers and it has a high rating on various platforms. Therefore, many people leave positive reviews of this company. What I personally want to say about MTrading is that its conditions are the same as with others, reliability is also an important aspect for work. I am satisfied with the withdrawal process, because all funds are withdrawn on time and in full.
-
Comment
I tried trading with MTrading twice. The first time, I lost money, but I assumed it was due to my mistakes. However, when I tried trading here again a year later, I realized that the issue was not with me but with the company. The MTrading platform is very slow, making it impossible to open trades quickly. Moreover, the gaps that appear every day can wipe out all trades.
-
Comment
Collaborating with MTrading has caused significant issues. I don't believe this company is focused on providing quality brokerage services. After transferring my funds here, the platform stopped working altogether after three months of trading. I waited for another two months, wrote emails to MTrading's support, but there was no result. Now I've received a message that MTrading has fixed the platform, and trading is possible again. However, I no longer wish to deal with this broker.
-
Comment
Mtrading isn’t licensed by any regulator. Therefore, no one can give you a guarantee that there will be no problems with trading and finance. And there are a lot of problems. I opened an account with Mtrading three months ago and have already lost $250. The broker's trading platform works very slowly and Internet connection often disappears. Therefore, it is impossible to trade profitably. And since the company does not have a regulator, there is no one to complain to.
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FAQs
What should I start Forex trading with?
It is desirable for novice traders to explore trading using a demo account to learn the market and how to work on the trading platform without the risk of suffering losses. At the same time, it is advisable to review the educational materials of the broker, learn trading basics. Then you can deposit the minimum required amount to perform a small number of transactions. If you manage to close several months in a row in the black, without substantial drawdowns on the account, then you can try increasing your deposit. Also trying to copy trades automatically is a good option for a start.
What amount should I start trading with?
The minimum deposit of $10 may be enough to trade on the cent account. However, for trading on Standard/ECT accounts, experts recommend starting with at least $200-500. With this amount, you can use not a very big leverage. Remember, getting carried away with the margin is the main cause of losses among beginners.
What should I take into consideration when choosing a broker?
Experts recommend looking at the broker’s reliability first and foremost. The other important features include basic trading conditions, commissions and fees, customer reviews. If brokers are approximately the same in terms of basic criteria, you need to choose based on your experience and tasks. One broker may be good for professionals and another – for novice traders.
Is it possible to be scammed by a broker with a license from a reputable regulator?
In theory, yes. But in practice, it takes so much time and money to comply with the requirements of reputable regulators that it is not worth it for scammers to bother obtaining a legitimate license.
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.