MTrading Broker Review 2024

What is Mtrading?

MTrading is a Market Maker (MM) broker, which means it acts as the counterparty to its customers in trading transactions. That is, MTrading does not directly connect to the market, but acts as an intermediary taking opposite positions to its clients. As a result, it can offer faster order execution speed, smaller spreads, and greater leverage flexibility. However, this also implies that there's a certain degree of conflict of interest between MTrading and its customers, as their profits come from the spread between the bid and ask prices of assets, which might lead to decisions not always in the best interest of clients. Traders should be aware of this dynamic when trading with MTrading or other MM brokers.

Is Mtrading safe? Can Mtrading Be Trusted?

MTrading is currently not under financial regulation. The official Mtrading website does not provide any regulatory or authorization information that the company has acquired. Mtrading's associated company, ServiceComsvg LLC, is registered with the Financial Services Authority of Saint Vincent and the Grenadines (SVGFSA), which states that it does not “regulate, monitor, authorize, or license” business companies (BC) engaged in foreign exchange trading or brokerage businesses.

What Are Mtrading's Trading Products?

MTrading offers a variety of trading tools for traders, including highly liquid financial assets such as currencies, stocks, cryptocurrencies, indices, and commodities. This allows traders the opportunity to build diversified investment portfolios and capitalize on the trends of different markets. However, the lack of sufficient regulation makes it difficult to assess the safety of the MTrading trading platform. Moreover, insufficient information on trading tools and related assets makes it challenging for traders to perform comprehensive analysis and effective risk management. The absence of regulation may also give rise to potential conflicts of interest and unethical business practices. Traders should also be aware that certain trading tools, such as cryptocurrencies, come with higher risks, which may not be suitable for all investors and could lead to significant financial losses.

What Is Mtrading's Trading Software?

MTrading offers its clients the globally popular MT4 platform, which is renowned for its user-friendliness and multifunctionality in the international trading domain. The MT4 platform is particularly suited for customization with its array of technical indicators and a variety of trading strategy options. It also boasts an active online community, providing traders with ample resources and opportunities for interaction. Furthermore, MTrading has introduced a proprietary mobile trading application that is convenient for those who need to trade on the go. Nevertheless, the MT4 mobile app may be somewhat limited in functionality compared to its desktop counterpart for traders seeking more advanced features and tools.

What Are Mtrading's Spreads, Commissions, and Other Fees?

MTrading offers competitive spreads that apply to different types of accounts.

The spread for M.Pro accounts is zero points, while M.Cent and M.Premium accounts have a spread of one point.

No commission is charged for M.Cent and M.Premium accounts.

M.Pro accounts are charged a commission of 4 dollars per standard lot.

Trading specifications for all accounts are transparent, allowing traders to make informed decisions based on the conditions of trade. Additionally, the minimum deposit requirements for all account types are low, enabling more traders to participate in trading activities. However, some traders might take into account the commission charged to the M.Pro accounts when making their considerations.

What Trading Accounts Does MTrading Offer?

MTrading offers three types of accounts for different kinds of traders to meet their various needs.

The M.Cent account is suitable for beginners who are starting trading and wish to engage in micro-lot transactions for practice.

The M.Premium account provides a wider range of trading tools, suited for traders with some experience who wish to undertake larger transactions.

M.Pro accounts are designed for experienced traders who want to benefit from zero-point spread trades and are willing to pay a commission of 4 dollars per standard lot.

Notably, the M.Cent and M.Premium accounts require a lower initial capital investment, making it easier for traders to start trading with MTrading. However, these limited account types might not be suitable for all traders, and therefore it's important for traders to choose the right account type based on their personal needs and goals.

What Is the Maximum Leverage Offered by MTrading?

MTrading offers its users a maximum leverage ratio of up to 1:1000, which is significantly higher than many regulated brokers. Although high leverage creates the possibility for traders to achieve greater returns with less capital, it also means that there is higher risk, particularly in terms of potential capital loss. Therefore, traders need to manage their risks prudently when using high leverage and avoid over-reliance on it, as this could lead to significant financial losses.

High leverage increases trading opportunities and flexibility, but it also demands that traders monitor their positions and market dynamics more carefully. Before deciding to trade with leverage, traders should fully understand how it works and the potential risks involved, making wise choices according to their own trading strategies. While judicious use of leverage can enhance profitability, blind or excessive dependency on leverage can lead to severe financial consequences. Therefore, it's crucial for traders to exercise caution when leveraging, ensuring that they have the necessary trading knowledge and skills for effective risk control.

Deposits and Withdrawals:

MTrading offers its clients a variety of convenient options for depositing and withdrawing funds. Users can handle their funds through various methods such as a number of electronic payment tools, bank cards, and electronic transfers. Generally, deposits are processed quickly, while the duration for withdrawals depends on the selected payment method, with some methods potentially requiring a longer time. It's important to note that some payment methods may involve additional fees, and the available payment options may vary in different regions.

MTrading's Educational Resources:

MTrading offers a wealth of educational content to enhance traders' knowledge of the markets and trading skills. Articles, news reports, and technical analyses are regularly updated, providing deep insights into the latest market trends and situations, accessible for free to users. These resources ensure traders are up-to-date with the latest information about the financial markets. However, MTrading does not offer live online webinars or dedicated educational courses, which could be a hurdle for novice traders' learning process. The company's video materials are also relatively limited, which might not be ideal for traders who prefer to learn through videos. Overall, MTrading's educational resources are comprehensive and timely updated, offering valuable insights and analyses for investors eager to understand and make informed trading decisions.

Conclusion:

MTrading is an unregulated Forex and CFD broker that operates as a market maker, offering fast order execution and leverage up to 1:1000. It provides a range of trading tools and three types of accounts to meet the needs of different traders. MTrading uses the MT4 platform and provides a mobile trading app, but lacks live webinars and educational courses. Although it offers competitive spreads, as an unregulated broker, traders should be mindful of the potential risks. Currently, MTrading is labeled with "Suspected Fraud" on Traderknows.