Compare MTrading vs Forex.com
What is MTrading? What is Forex.com?
MTrading is an online broker that offers trading in forex, commodities, cryptocurrencies, indices, and stocks. MTrading is regulated by the International Financial Services Commission (IFSC) of Belize. MTrading claims to provide award-winning trading terms, low spreads, fast execution, and negative balance protection.
Forex.com is an online broker that offers trading in forex, metals, stocks, indices, futures, and options. Forex.com is regulated by several authorities, including the US Commodity Futures Trading Commission (CFTC), the UK Financial Conduct Authority (FCA), and the Australian Securities and Investments Commission (ASIC). Forex.com claims to provide the complete forex trading experience, with powerful platforms, tight spreads, fast execution, and dedicated support.
MTrading vs Forex.com Regulation Comparison
MTrading is only regulated by the IFSC of Belize, which is a relatively low-tier regulator that does not impose strict requirements on brokers. MTrading does not provide any information about its client funds protection or compensation scheme on its website.
Forex.com is regulated by multiple high-tier regulators in different jurisdictions, which means it has to comply with various rules and standards to ensure the safety and fairness of its services. Forex.com provides client funds protection through segregated accounts and participates in compensation schemes in the UK and Australia.
MTrading vs Forex.com Trading Assets Comparison
MTrading offers over 100 trading instruments, including 40+ forex pairs, 10+ commodities, 20+ cryptocurrencies, 10+ indices, and 20+ stocks. MTrading does not offer trading in metals, futures, or options.
Forex.com offers over 500 trading instruments, including 80+ forex pairs, unleveraged gold and silver, stocks, ETFs, options, indices, commodities, futures, and cryptocurrencies. Forex.com has a wider range of trading assets than MTrading.
MTrading vs Forex.com Trading Fees Comparison
MTrading charges variable spreads and commissions depending on the account type and the trading instrument. MTrading offers three account types: Standard (no commission), Pro ($7 per lot), and ECN ($6 per lot). The average spread for EUR/USD on the Standard account is 1.5 pips.
Forex.com charges variable spreads and commissions depending on the account type and the trading instrument. Forex.com offers two account types: Standard (no commission) and RAW Spread ($7 per $100k USD traded). The average spread for EUR/USD on the Standard account is 0.8 pips.
MTrading vs Forex.com Account Types Comparison
MTrading offers three account types: Standard (minimum deposit $100), Pro (minimum deposit $500), and ECN (minimum deposit $1000). All account types have a maximum leverage of 1:1000 and a minimum lot size of 0.01. MTrading also offers a demo account and an Islamic account for swap-free trading.
Forex.com offers two account types: Standard (minimum deposit $50) and RAW Spread (minimum deposit $500). The maximum leverage varies depending on the jurisdiction and the trading instrument. The minimum lot size is 0.01 for forex and metals, and 0.1 for other instruments. Forex.com also offers a demo account and an Islamic account for swap-free trading.
MTrading vs Forex.com Deposit Options Comparison
MTrading supports various deposit and withdrawal methods, including bank transfer, credit/debit cards, Skrill, Neteller, SWIFT, local banking, and other methods. MTrading does not charge any fees for deposits or withdrawals.
Forex.com supports various deposit and withdrawal methods, including bank transfer, credit/debit cards, Skrill, Neteller, PayPal, UnionPay, BPay, FasaPay, POLi Payments, BPAY Australia Post Money Order Electronic Funds Transfer (EFT), and other methods. Forex.com does not charge any fees for deposits, but may charge fees for withdrawals depending on the method and the amount.
MTrading vs Forex.com Trading Platforms Comparison
MTrading offers two trading platforms: MetaTrader 4 (MT4) and MetaTrader 5 (MT5). Both platforms are available as desktop, web, and mobile versions. MT4 and MT5 are popular and user-friendly platforms that support multiple order types, charting tools, indicators, and automated trading.
Forex.com offers three trading platforms: MetaTrader 5 (MT5), FOREX.com Web Trading, and FOREX.com Mobile Trading. MT5 is available as a desktop, web, and mobile version. FOREX.com Web Trading and FOREX.com Mobile Trading are proprietary platforms that offer intuitive interfaces, TradingView charts, Reuters news feeds, behavioral science technology, and more.
MTrading vs Forex.com Analytical Tools Comparison
MTrading provides some analytical tools for its clients, such as an economic calendar, a market sentiment indicator, a trading calculator, and a copy trading platform. MTrading also offers educational resources, such as articles, videos, webinars, and ebooks.
Forex.com provides more analytical tools for its clients, such as an economic calendar, a market analysis blog, a technical analysis portal, a performance analytics tool, a smart signals tool, and a capitalise.ai tool. Forex.com also offers educational resources, such as articles, videos, guides, quizzes, and webinars.
MTrading vs Forex.com. Which forex broker is better? Which forex broker should you choose?
Choosing a forex broker is an important decision that depends on your personal preferences, trading goals, and risk appetite. There is no definitive answer to which forex broker is better, as different brokers may suit different traders. However, you can compare some of the key features and factors of MTrading and Forex.com and decide which one meets your needs better.
Some of the aspects you may want to consider are:
- Regulation and security: Forex.com has a clear advantage over MTrading in terms of regulation and security, as it is regulated by multiple high-tier authorities in different jurisdictions and provides client funds protection and compensation schemes. MTrading is only regulated by a low-tier authority in Belize and does not disclose any information about its client funds protection or compensation scheme.
- Trading assets and instruments: Forex.com offers a wider range of trading assets and instruments than MTrading, including metals, futures, options, ETFs, and more. MTrading does not offer trading in metals, futures, or options. If you are looking for more diversity and flexibility in your trading portfolio, Forex.com may be a better choice for you.
- Trading fees and costs: Both brokers charge variable spreads and commissions depending on the account type and the trading instrument. Forex.com has lower average spreads than MTrading on the Standard account, but higher commissions on the RAW Spread account. You may want to compare the fees and costs of both brokers for the specific instruments and account types you are interested in before making a decision.
- Account types and features: Both brokers offer two or three account types with different minimum deposits, leverage, lot sizes, and features. You may want to choose an account type that matches your trading style, capital, and risk tolerance. Both brokers also offer demo accounts and Islamic accounts for swap-free trading.
- Deposit and withdrawal methods and fees: Both brokers support various deposit and withdrawal methods, including bank transfer, credit/debit cards, e-wallets, local banking, and other methods. MTrading does not charge any fees for deposits or withdrawals, while Forex.com may charge fees for withdrawals depending on the method and the amount. You may want to choose a broker that supports your preferred payment method and has low or no fees for deposits and withdrawals.
- Trading platforms and tools: Both brokers offer MetaTrader 5 (MT5) as one of their trading platforms, which is a popular and user-friendly platform that supports multiple order types, charting tools, indicators, and automated trading. Forex.com also offers two proprietary platforms: FOREX.com Web Trading and FOREX.com Mobile Trading, which offer intuitive interfaces, TradingView charts, Reuters news feeds, behavioral science technology, and more. MTrading only offers MetaTrader 4 (MT4) as its other platform. Both brokers provide some analytical tools for their clients, such as an economic calendar, a market sentiment indicator, a trading calculator, a copy trading platform, a market analysis blog, a technical analysis portal, a performance analytics tool, a smart signals tool, and a capitalise.ai tool. Forex.com provides more analytical tools than MTrading. You may want to choose a broker that offers the platform and tools that suit your trading preferences and needs.
