MTrading Review
MTrading Review
MTrading is one of the best Forex brokers that has served more than 250,000 traders and 5,000 partners globally since 2012. They focus on PAMM accounts and offer mobile trading with their M PRO account; providing industries best conditions for clients to trade. Moreover, they provide MTrading MT4 Supreme edition and pledge integrity among others as a great broker with simple access options for traders worldwide!
Pros
Their generous bonus program offers up to 10% in affiliate income with their affiliates plus they have high leverage, which means that you can trade with 30+ different payment processors from around the world. You’ll also enjoy 24/7 customer service.
Cons
If you don’t want to risk a lot of your money, this brokerage might be the right fit for you. They have higher minimum deposits and do not offer cryptocurrency trading which can sometimes make investing risky for new investors in the market.
About MTrading
Besides PAMM accounts and copy trading, MTrading also provides you with educational tools for beginner traders such as signals to help manage your account. They offer a variety of services at competitive rates like raw spreads of 0 pips and high leverage which is beneficial for scalpers or people who trade on their own but want someone else managing the funds.
MTrading Main Features
| Retail Loss Rate | Undisclosed |
|---|---|
|
Regulation
|
No
|
|
Minimum Raw Spreads
|
0.0 pips |
|
Minimum Standard Spreads
|
0.1 pips
|
|
Minimum Commission for Forex |
$4.00 |
|
Commission for CFDs/DMA |
$4.00
|
|
Commission Rebates
|
Yes
|
|
Minimum Deposit
|
$100
|
|
Demo Account
|
Yes
|
|
Managed Account
|
Yes
|
|
Islamic Account
|
Yes
|
|
Inactivity Fee
|
$50 monthly after twelve months |
|
Deposit Fee |
No
|
|
Withdrawal Fee
|
Yes + Third-party |
|
Funding Methods
|
30+ |
Regulation and Security
When traders trade on the market with an unregulated broker, they are at risk for fraud and malpractice. I always recommend checking if your broker is regulated to protect yourself from them.
They are registered with the Financial Commission and they also have an unregulated broker. This means that there are plenty of checks in place against wrongdoing or malice among employees, as well as investor compensation funds from other trusted sources.
The Forex broker operates out of Saint Vincent and the Grenadines. The FSA is a financial regulator in this country, but they only regulate firms that deal with securities, not currency trading.
MTrading, a broker that follows transparency and integrity, has segregated client deposits from corporate funds. It will pay out up to €20,000 per claim in case of bankruptcy or trading errors and allows brokers the ability to operate without being burdened by regulation. MTrading complies with Financial Commission standards as an independent self-regulatory organization that works with other regulators like FSCA (Financial Services Compensation Scheme) under MiFID II guidelines.
MTrading is a company where you can feel confident about your money because it is regulated properly and transparently.
With the Financial Commission audits, members who pay annual fees are also audited in order to be able to offer competitive products while remaining flexible within their trading conditions. This means that each member follows the same set of rules but can make changes according to output trader needs or market conditions at any given time.
Fees
MTrading is a commission-free trading service in which traders can choose to trade on commissions. An average spread in forex of 1.2 pips for the EUR/USD, or $12 per round lot, indicates that MTrading offers lower spreads than other brokers who charge between 0.2 and 4$ with an average spread of around 2$.
The Commission free MT Trading Trading Account lists an average minimum spread for the Euro/US dollar (EUR/USD) of 1.2 PIPs ($12 USD), which ranks as one option within competitive trading fees offers; whereas the Commission Based Alternative presents Forex Traders with an Average Mark up on Trades at.
MT Trading’s Commission Free Account lists lower spreads than you would find on a typical broker – only averaging around 12$ per round lot! That’s not all though, and you’ll even be able to earn big profits with your deposits by using our new “Commission-Free” platform too since it can act just like any other brokerage account but without the hassle of paying ANY COMMISSIONS AT ALL!!!
Right-clicking on the desired symbol in the market watch window and selecting “Specification” will allow traders to see swap rates. They can scroll down until they find Long Swaps and Short Swaps, where they should click to access this information.
In MT4, swap rates can be accessed by following these steps:
-MTrading Pro account holders can easily access swap rates by following these steps:
1. Right click on the desired symbol in the Market Watch window and select “Specification.”
2. Scroll down to the place where you see “Swap Long” and “Swap Short.
3. Below is a list of trading costs for buying or selling EUR/USD, holding it for one day or seven days with MTrading (commission based).
What Can I Trade?
MTrading has 38 currency pairs, 10 equity CFDs, and 7 commodities for trading. The assets are most popular among traders and can be traded on MTrading at any time. For those who want to trade with minimal risk, MTrading is a great choice because it has limited asset selection- making it perfect for traders with focused strategies that require a few assets.
Since you will only need these ‘liquid’ instruments as leverage in forex at this broker, scalpers will benefit from being able to trade an array of currencies or stocks without worrying about slippage or commissions when they use their best strategies here!
MTrading Leverage
As someone who is trading on a retail account, you are able to buy up to 1000 shares in your account. However, the size of their position decreases as they go long. I find this offer excellent and recommend that if you trade for profit on margin, then take advantage! Negative balance protection also exists should there be any complications during your trades in order to ensure safety.
Account Types
MTrading offers two account types, a commission-free Premium and a commission based Pro. The latter is more affordable in the sense that trading costs are cheaper. However, it cannot trade equity CFDs which may deter some traders. Both accounts have high minimum deposit requirements of $500 and $100 respectively but these requirements are within reasonable range for most brokers on today’s market.
Unique Features
MTrading is a virtual trading and copy-trading brokerage. This means they have their own specific niche, which beginners will find appealing. Experienced traders can also increase their assets under management with MTrading– the generous affiliate offer makes them an attractive option for people interested in growing their PAMM business.
Research and Education
MTrading has trades that are easy to understand and short. What’s more, traders get everything they need in a less than thirty-second time frame from the chart or written content itself!
The Trading Tribe website offers an excellent starting point for beginners interested in trading. They host webinars, workshops and seminars which offer valuable advice to those looking into using PAMM accounts (Personal Account Manager) or copy trading.
Though it may provide beginners with all they need when it comes to ‘trading’ knowledge, I recommend new traders take advantage of additional educational resources both online – for free! – or in other ways that may be offered by your broker at no cost.
Customer Support
MTrading does not provide 24/5 customer support, and only has a live chat function. It doesn’t list contact information anywhere on their site, but there is an email address in the back office for clients. The FAQ section explains MTrading products and services well; however I would prefer better access to a representative if something goes wrong with trading or if it’s your first time opening up an account- especially since most traders will never need customer service at all!
Bonuses and Promotions
MTrading offers a $30 no deposit bonus for traders to test out the trading conditions. All profits are still withdrawable, too! You can also get an additional 200% deposit bonus on M Premium accounts as long as you keep your funds in it for at least one year first. Terms and Conditions apply and before accepting any bonuses, I recommend that you read them carefully to understand their terms completely.
Opening an Account
Opening an account at MTrading is quick and easy. I appreciate how swift the process can be! All you need to do is provide your email address, name, and a valid mobile phone number in order to log into their secure back office. Account verification remains a mandatory final step as well; most traders pass by sending over ID copies along with one proof document from residency (i.e., driver’s license).
Minimum Deposit
The MTrading Premium account requires a $100 deposit and the MTrading Pro account, which is geared toward experienced traders, has a $500 minimum investment. At first glance these requirements may seem high but they are still within reason in comparison to other brokers.
Payment Methods
The MTrading banking platform provides its global traders with a number of payment processors for convenience and efficiency. I appreciate the variety it offers, as this gives me more options to purchase or sell an asset.
Accepted Countries
MTrading is a global trading broker that has clients from all over the world, including India, Malaysia, Nigeria, the Philippines and South Africa.
Deposits and Withdrawals
MTrading offers an easy way for traders to conduct financial transactions securely and conveniently. There are no deposit fees, but withdrawal costs apply depending on the payment processors used. When withdrawing from your e-wallet or bank account, processing time varies. It can take as long as five business days for MTrading to complete the process on their end. They ensure a hassle-free process by making all necessary arrangements for you and guaranteeing security with 2FA verification.
Conclusion - MTrading Review
I am pleased with the trading environment in MTrading Pro because it has a cost structure that’s competitive, making it ideal for scalpers and high-frequency traders who do not keep overnight positions. The MTrading MT4 platform is available along output Supreme Edition which gives you access to lots of new features – another thing I enjoy about their approach towards assisting traders. They aim to grow their AUM (assets under management) through an affiliate program where they offer incentives for inviting other people or helping them trade better on the exchange.
MTrading provides trading recommendations to beginner traders, and hosts webinars for trader education. They have a focus on the Forex market, with fewer offerings than other brokers but more focused on liquidity. I appreciate this approach because not all traders need the same kind of services- some will find what they’re looking for at MTrading while others might be better off elsewhere.
