MTrading Broker Review

Is MTrading a scam?

MTrading is a global online forex and CFD trading broker that is regulated by the International Financial Services Commission (IFSC) of Belize. The IFSC is a regulatory body responsible for regulating and supervising financial services providers in Belize.

As a regulated broker, MTrading is required to adhere to certain rules and standards that aim to protect the interests of its clients. These include ensuring the security of clients’ funds by keeping them in segregated accounts, providing transparency in pricing and trade execution, and implementing measures to prevent money laundering and other illicit activities.

MTrading also uses advanced security measures to protect its clients’ personal and financial information, including 128-bit SSL encryption technology, firewalls, and intrusion detection systems.

Overall, MTrading’s regulatory status and security measures provide a level of safety and protection for its clients’ funds and personal information. However, as with any financial services provider, it is important for traders to conduct their own due diligence and risk management practices.

MTrading Trading Platforms

MTrading offers its clients access to three different trading platforms:

1. MetaTrader 4 (MT4): MT4 is a widely used and popular trading platform among forex and CFD traders. It offers a range of features, including advanced charting tools, customizable indicators and expert advisors, and automated trading capabilities.
2. MetaTrader 5 (MT5): MT5 is a newer version of the MetaTrader platform that offers additional features, including more advanced charting and technical analysis tools, a multi-currency strategy tester, and more flexible order management.
3. WebTrader: MTrading’s WebTrader is a browser-based platform that allows traders to access their accounts and trade directly from their web browser, without needing to download or install any software.

All of these trading platforms offer a user-friendly interface, real-time market data, and a range of trading tools and resources. They are also available on desktop and mobile devices, allowing traders to access the markets and manage their trades from anywhere at any time.

Products MTrading provides

MTrading provides its clients access to a range of financial instruments to trade, including:

1. Forex: MTrading offers trading in over 30 currency pairs, including majors, minors, and exotic pairs.
2. CFDs: MTrading offers trading in a variety of CFDs, including commodities such as gold, silver, and crude oil, as well as indices, stocks, and cryptocurrencies.
3. Cryptocurrencies: MTrading provides access to trade popular cryptocurrencies such as Bitcoin, Ethereum, Litecoin, and Ripple.
4. Futures: MTrading offers trading in futures contracts on commodities such as gold, silver, crude oil, and natural gas.

Clients can trade these products using leverage, which allows them to trade with a smaller amount of capital than would otherwise be required. MTrading offers competitive leverage rates depending on the product being traded and the account type. It is important to note that trading with leverage can increase both potential profits and potential losses, and traders should understand the risks involved before trading with leverage.

MTrading account types

MTrading offers different account types to suit the varying needs and preferences of its clients. The account types offered by MTrading are:

1. Demo Account: MTrading offers a free demo account that allows traders to practice and test their trading strategies without risking real money.
2. Standard Account: The standard account is the most popular account type at MTrading. It offers variable spreads starting from 0.3 pips, no commission charges, and a minimum deposit requirement of $50.
3. Pro Account: The Pro account is designed for more experienced and high-volume traders who require tighter spreads and lower commission charges. It offers spreads starting from 0.0 pips and a commission of $3.5 per lot traded.
4. ECN Account: The ECN account is designed for traders who require deep liquidity and fast execution speeds. It offers spreads starting from 0.0 pips and a commission of $3.5 per lot traded.

Each account type offers access to the same trading instruments and platforms, but with varying trading conditions such as spreads, commissions, and minimum deposit requirements. Traders should carefully consider their trading needs and choose an account type that suits their individual preferences and risk tolerance.

MTrading trading fees

MTrading charges trading fees in the form of spreads and commissions, which vary depending on the account type and trading instrument. Here are some of the trading fees charged by MTrading:

1. Spreads: MTrading offers variable spreads on its standard and ECN accounts, with spreads starting from 0.3 pips and 0.0 pips respectively. The spread is the difference between the bid and ask price of a trading instrument, and is the main source of trading fees for MTrading.
2. Commissions: MTrading charges commissions on its Pro and ECN accounts. The commission is a fixed fee charged per lot traded, with a rate of $3.5 per lot traded.
3. Swap Fees: MTrading charges swap fees on overnight positions, which are the fees paid or earned for holding a position overnight. The swap fee depends on the trading instrument and the direction of the position.
4. Deposit and Withdrawal Fees: MTrading does not charge any fees for deposits or withdrawals made via bank wire transfer. However, fees may apply for deposits or withdrawals made via other payment methods such as credit cards or e-wallets.

It is important to note that trading fees can significantly impact trading performance, and traders should carefully consider the trading fees when choosing a broker and trading strategy.

MTrading Funding and Withdrawal Options

MTrading offers a range of funding and withdrawal options to make it easy for clients to deposit and withdraw funds from their trading accounts. Here are some of the funding and withdrawal options available at MTrading, along with fees and processing times:

1. Deposit Options: MTrading accepts deposits via a variety of payment methods, including bank wire transfer, credit/debit cards, and e-wallets such as Neteller, Skrill, and FasaPay. The minimum deposit amount is $50, and there are no fees charged by MTrading for deposits. However, fees may apply depending on the payment method used.
2. Withdrawal Options: MTrading allows clients to withdraw funds via bank wire transfer, credit/debit cards, and e-wallets. The minimum withdrawal amount is $10, and there are no fees charged by MTrading for withdrawals. However, fees may apply depending on the payment method used.
3. Processing Time: The processing time for deposits and withdrawals depends on the payment method used. Deposits made via bank wire transfer can take 2-7 business days to be credited to the trading account, while deposits made via credit/debit cards and e-wallets are typically credited instantly. Withdrawals can take up to 24 hours to be processed by MTrading, and then the time taken to receive the funds can depend on the payment method used.
4. Currency Conversion Fees: MTrading does not charge currency conversion fees for deposits and withdrawals made in USD, EUR, or GBP. However, fees may apply for deposits and withdrawals made in other currencies.

It is important to note that fees and processing times can vary depending on the payment method and location, and traders should check with MTrading for the latest information before making a deposit or withdrawal.

MTrading’ promotions

MTrading offers various promotions and bonuses to attract new clients and reward existing clients. Here are some of the promotions currently available at MTrading:

1. Welcome Bonus: MTrading offers a welcome bonus of up to 50% on the first deposit made by new clients. The bonus amount depends on the amount deposited and is subject to certain terms and conditions.
2. Loyalty Program: MTrading offers a loyalty program that rewards clients for their trading activity. The program has four levels – Bronze, Silver, Gold, and Platinum – and clients can earn points for each lot traded. The points can be exchanged for cash rewards, and clients can also benefit from reduced swap fees and other perks based on their loyalty level.
3. Trading Contests: MTrading regularly organizes trading contests with attractive prizes for the winners. These contests provide an opportunity for traders to showcase their trading skills and win cash prizes or trading bonuses.
4. Refer a Friend: MTrading offers a referral program where clients can earn a bonus for each friend they refer to the platform. The bonus amount depends on the friend’s initial deposit and is subject to certain terms and conditions.

It is important to note that all promotions and bonuses offered by MTrading are subject to terms and conditions, and traders should carefully review the terms before participating in any promotion. Additionally, promotions and bonuses should not be the sole criteria for choosing a broker, and traders should also consider other factors such as regulation, safety, trading platforms, and trading fees before opening an account.

MTrading customer support

MTrading offers customer support in multiple languages to assist clients with their trading-related queries and concerns. Here are the different customer support channels available at MTrading:

1. Live Chat: MTrading offers live chat support on its website, which allows clients to quickly connect with a customer support representative and get their queries resolved in real-time.
2. Email: Clients can also send an email to MTrading’s support team at support@mtrading.com to get assistance with their queries. MTrading aims to respond to all emails within 24 hours.
3. Phone: MTrading provides phone support to clients in several countries. Clients can find the phone number for their country on MTrading’s website and contact the support team during business hours.
4. FAQ Section: MTrading has an extensive FAQ section on its website that covers a wide range of topics, including account registration, trading platforms, trading instruments, and more. This section can be a helpful resource for clients to get answers to commonly asked questions.

It is important to note that MTrading’s customer support channels may be subject to different operating hours, and clients should check the website for the latest information. Additionally, MTrading also provides educational resources such as webinars, video tutorials, and trading guides to help clients improve their trading skills and knowledge.

MTrading Educational Resources

MTrading provides educational resources to help traders improve their trading skills and knowledge. Here are some of the educational resources available at MTrading:

1. Webinars: MTrading regularly hosts webinars on various trading topics, such as technical analysis, market trends, and trading strategies. These webinars are conducted by experienced traders and are designed to provide valuable insights to traders of all levels.
2. Video Tutorials: MTrading’s website features a library of video tutorials that cover a range of topics, including trading platforms, technical analysis, and risk management. These tutorials are created by MTrading’s experts and provide a step-by-step guide to help traders understand various trading concepts.
3. Trading Guides: MTrading also offers a range of trading guides that cover different aspects of trading, such as forex trading, commodities trading, and CFD trading. These guides provide comprehensive information on the respective trading instruments, including their characteristics, advantages, and risks.
4. Market Analysis: MTrading provides daily market analysis and news updates on its website to help traders stay informed about the latest market trends and events. The analysis covers a range of financial instruments, including forex, commodities, and indices.
5. Trading Calculators: MTrading’s website also features a range of trading calculators, including pip value calculators, margin calculators, and profit/loss calculators. These calculators can be useful for traders to calculate various trading parameters and manage their risk effectively.

It is important to note that educational resources provided by MTrading are for informational purposes only and do not constitute investment advice. Traders should always conduct their own research and analysis before making any trading decisions.

Pros and cons of MTrading

Pros:

1. Regulation: MTrading is regulated by the International Financial Services Commission (IFSC), which provides some level of oversight and protection for traders.
2. Trading Platforms: MTrading offers a range of trading platforms, including the popular MetaTrader 4 and 5 platforms, which provide advanced charting and analysis tools, automated trading capabilities, and customization options.
3. Educational Resources: MTrading provides a range of educational resources, including webinars, video tutorials, trading guides, and market analysis, which can be useful for traders of all levels.
4. Competitive Trading Fees: MTrading offers competitive trading fees, with tight spreads and low commissions, which can help traders reduce their trading costs and improve their profitability.
5. Multiple Account Types: MTrading offers multiple account types, including Islamic accounts and demo accounts, to cater to the diverse needs of traders.

Cons:

1. Limited Product Range: MTrading’s product range is somewhat limited, with only a few forex, commodities, and indices available for trading.
2. Limited Funding Options: MTrading’s funding and withdrawal options are somewhat limited, with only a few payment methods available, which may be inconvenient for some traders.
3. Customer Support: While MTrading offers customer support in multiple languages, some traders have reported slow response times and unhelpful responses from the support team.
4. Limited Promotions: MTrading’s promotional offers are somewhat limited compared to some other brokers, which may make it less attractive for traders who are looking for bonus incentives.
5. Limited Geographic Coverage: MTrading does not accept clients from some countries, which may restrict its accessibility for some traders.

It’s worth noting that the pros and cons listed above are not exhaustive, and different traders may have different experiences with MTrading depending on their individual needs and preferences. As with any broker, it’s important for traders to conduct their own research and due diligence before deciding to open an account.

Frequently asked questions about MTrading

Is MTrading a regulated broker?

Yes, MTrading is a regulated broker. It is regulated by the International Financial Services Commission (IFSC) in Belize.

What trading platforms does MTrading offer?

MTrading offers a range of trading platforms, including MetaTrader 4, MetaTrader 5, and the mobile MT4 platform.

What trading products does MTrading offer?

MTrading offers forex, commodities, and indices for trading.

What are the funding options available at MTrading?

MTrading offers several funding options, including bank wire transfer, credit/debit cards, and e-wallets such as Skrill and Neteller.

Does MTrading offer Islamic accounts? Y

es, MTrading offers Islamic accounts for traders who follow Sharia law.

What are the trading fees at MTrading?

MTrading offers competitive trading fees, with tight spreads and low commissions. The exact fees depend on the trading instrument and account type.

Does MTrading offer a demo account?

Yes, MTrading offers a demo account, which allows traders to practice their trading skills and test out the trading platforms before opening a live account.

What educational resources does MTrading offer?

MTrading provides a range of educational resources, including webinars, video tutorials, trading guides, and market analysis.

What is the minimum deposit to open an account at MTrading?

The minimum deposit to open an account at MTrading is $50.

What languages does MTrading provide customer support in?

MTrading provides customer support in multiple languages, including English, Arabic, Russian, Chinese, and more.