MTrading Review 2024 - Is Legit or Scam | Forexing.com (2024)

Description General Information Trading Preference Payment Options Trading Features Trading Instruments Promotion Support Contact Information User Feedback

MTrading General Information

๐Ÿ‘ค Broker Name : MTrading
๐Ÿฃ Company Name : SERVICECOM LTD
๐Ÿ“… Foundation Year : 2001
โœ… Regulated by : IFSC
๐Ÿข Headquarters : Belize
๐Ÿ“‰ Broker Type : Market Maker

๐Ÿ’ต MTrading Minimum Deposit :

1 USD
๐Ÿ’น Maximum Leverage : 1:1000
๐Ÿ’ฑ Base Currency : โ€ŽEUR, RUB, USD
๐Ÿ‡บ๐Ÿ‡ธ US Traders :

Our MTrading Review

MTrading is Belize-based forex and CFD broker. The broker offers to trade forex, CFD, cryptocurrency, commodities, stocks, etc. MTrading started its journey in 2013.

MTrading Review 2024 - Is Legit or Scam | Forexing.com (1)

MTrading Trust and regulation

MTrading is owned and operated by the General Brent LP. MTrading is a member of The Financial Commission. They are regulated by the IFSC (Belize), IFSC/60/270/TS/14.

The brokerโ€™s official address is 1st Floor, First Saint Vincent Bank Ltd. The building, James Street, Kingstown, St. Vincent, and the Grenadines.

The International Business Companies register MTrading ServiceComsvg Ltd under 24275 IBC 2017 and register by the FSA Saint Vincent and the Grenadines (FSA = Financial Services Authority).

The FSA can protect investorsโ€™ funds up to โ‚ฌ20,000. The offshore broker cannot give you 100% more protection than the other regulated and authorized brokers.

Account opening options

MTrading offers 2 different types of accounts, M.Premium, and M.pro. These account features are:

M.Premium Account

The spread starts from 1 pip.

The minimum deposit is 100 USD.

The maximum leverages are 1:25 for forex and 1:10 for indices.

The market execution type is STP (Straight Through Processing).

Trading instruments are 38 FX currencies, 4 spots meatal on CFDs, 3 spot energy on CFDs, 10 cash indices, and 64 Stock on CFDs.

M.Pro Account

The spread starts from 1 pip.

The minimum deposit is 500 USD.

The maximum leverages are 1:25 for forex and no leverage available for indices.

The commission is $4 per 1.0 lots for forex trading.

The market execution type is ECN (Electronic Communication Network).

Trading instruments are 27 FX currencies and 2 spots meatal on CFDs.

Each account offers an MT4 platform; the maximum open trading position is 200, the sop out is 0.3%, the forex tick size 0.00001,

Also, available EAs offers one-click trading execution, real-time news, economic colander, live webinars, M.Cashback offers, Auto chartist, and autograph 4 tools.

Due to regulation and license, the broker doesnโ€™t provide service in Canada, Germany, New Zealand, the United States of America, the United Kingdom, and Japan.

Trading platforms

MTrading offers the professional MT4 platform for trading. It is available for mobile options and desktops.

MetaTrader 4 for Computer

It is available for both Windows and Mac devices. It offers Hassle-free trading with advanced features. You can download it from their website.

MetaTrader 4 for Mobile: It available to download for IOS and android systems.

MultiTerminal

It offers to Use up to 5 live & 5 demo accounts. Although MTrading MultiTerminal doesnโ€™t provide so much opportunity as other brokers, itโ€™s a good option for traders.

You can monitor equity and all account balance in real-time. It is made for rich functionality and high usability.

MT4 Supreme edition

It is one of the most powerful plug-ins for compact trading. MTrading broker developed the version specially for their clients. The setup comprises apparatuses, for example, the Mini Trader, which is very simple and neatly improves order. These tools are easy to understand and straightforward. This edition features are:

  • Mini Terminal
  • Trade Terminal
  • Tick Chart Trader
  • News Feed
  • Indicator Solutions and
  • Mini Chart

The Mini Terminal is an analytic tool for customizing accounts and included MT4 Supreme version. It allows to customize stop-loss or take profit, trailing stop, and trading volume.

Deposit and withdrawals

MTrading offers convenient and flexible ways to funding. There plenty of payment methods available for their clients. You can deposit and withdraw via bank cards, wire transfer and electronic payment systems, these are ะะปัŒั„ะฐ ะฑะฐะฝะบ, ะ‘ะฐะฝะบ ะ ัƒััะบะธะน ะกั‚ะฐะฝะดะฐั€ั‚, NgรขnLฦฐแปฃng.vn, Qiwi, Neteller, Perfect Money, Visa cards, Skrill, MasterCard, AmBank, Wire Transfer, Maybank, Bank of Ayudhya, Bangkok Bank, RHB Bank, Kasikornbank, RHB Bank SBI Bank, SCB Bank, IDFC FIRST Bank, HDFC Bank, AXIS Bank, Paytm and Local Exchanger.

The deposit is free via all methods except cards 1.5%, Qiwi 1.5%, and Perfect Money 1%. The withdrawal fees are 0% to 3% depends on the method. Only Neteller charges 3% other methods are 1 โ€“ 1.5% rest of all are free to withdraw profits. The maximum charge is $25 for the bank wire transaction.

The processing time is 10-15 min for cards, up to 24 hours for e-wallets, and 1-3 working days for the bank transfer. The withdrawal time can take up to 2-5 working days for wire transfers, and others are the same as the deposit time.

Research and Educations

MTrading a lot of assets and resources to educated all levels of traders. To boost trading skills, they provide regular trading webinars, forex seminars, articles, and tutorials. The article section is divided into 3 sections, forex basic, forex strategy, and forex indicators.

On their website, they have a news section. This section covers all trending news, market buzz, fundamental analysis, and technical analysis.

The analysis and researches are provided by the professional and experts analyst. All are assets, and tutorials are free for everyone.

MTrading Awards

They are an award-winning broker, received many noteworthy awards. The recent awards are:

  • The best IB program 2020 by world forex award.
  • Change Africa summit award 2019.
  • FiNEXPo best broker 2018 & 2019.
  • Best forex rebate provider 2016 by china forex expo.

Client support

MTrading provides multilingual support in Russian, Indonesian, Vietnamese, English, Chinese, and Sri Lankan languages.

The frequently asked questions (FAQ) cover all common query answers about financial trading and their services.

The client supports amiable 24/5 via phone, email, website live chat, and a contact form.

  • Phone: +357 220 241 66
  • Email: [emailprotected]

Also, you can reach them via social channels:

  • VK: https://vk.com/rumtrading
  • Twitter: https://twitter.com/Mtrading
  • Facebook: https://www.facebook.com/MTradingGlobal
  • LinkedIn: https://www.linkedin.com/company/mtrading
  • YouTube: https://www.youtube.com/user/MTradingGlobal
  • Instagram: https://www.instagram.com/mtrading_official/

Our Conclusion

MTrading is an offshore broker with a few licenses. They provide good educational support. The client support methods are ok. They are providing good services since 2013 with a good reputation. The notable awards are a sign of their services. Here is the pros and cons breakdown for final review.

Pros

  • Flexible funding options.
  • MetaTrader 4 supreme edition.
  • News, analysis, articles, webinars, seminars, and tutorials.

Cons

  • Offshore broker.
  • Only MT4 trading platform.
  • Do not accept US, UK, Canada & New Zealand, clients.

Trading Preference

๐Ÿ’ฐ Minimum Spreads :
๐ŸŽฎ Demo Account :
๐Ÿ“’ Mini Account :
๐Ÿ“’ Standard Account :
โœจ VIP Account :
๐Ÿ“’ Premium Account :
๐Ÿ“’ Segregated Account :
โ˜ช๏ธ Islamic Account :
๐Ÿ“’ Managed Account :
๐Ÿ“’ Pamm Account :
๐Ÿ“’ Affiliate Account :

Payment Options

๐Ÿ’ณ Deposit Methods : Credit Card, Neteller
๐Ÿ’ณ Withdrawal Methods : Credit Card, Neteller

Trading Features

๐Ÿ“Š Trading Platforms : MetaTrader 4
๐Ÿ’ฐ Fixed Spreads :
๐Ÿ“ˆ Commission on Trades :
๐Ÿ“ˆ Hedging :
๐Ÿ“ˆ Scalping :
๐Ÿ“ˆ Automatic Trading :
๐Ÿ“ฑ Mobile Trading :
๐Ÿ’ป Web Trading :
๐Ÿšฅ Signals :
๐Ÿ“ช VPS Services :
๐Ÿ“ง Email Alert :

Trading Instruments

๐Ÿ“Š Forex/Currencies :
๐Ÿ“Š Commodities :
๐Ÿ“Š CFDs :
๐Ÿ“Š Indices :
๐Ÿ“Š ETFs :
๐Ÿ“Š Stocks :
๐Ÿ“Š Crypto Currency :

Promotion

๐ŸŽ No Deposit Bonus :
๐ŸŽ Deposit Bonus :
๐Ÿ† Contest :
๐Ÿš€ Other's Promotion :

Get Latest MTrading Promotion

Bonus

Info

Action

MTrading ยป 30 USD Welcome No Deposit Bonus

Available For : New clientsValidity Date : 2024-12-31

Get Bonus

Mtrading ยป 200% DEPOSIT BONUS

Available For : New TraderValidity Date : 2024-12-31

MTrading ยป Trade & Win, Ramadan Campaign

Available For : All TradersValidity Date : 2023-04-21

Get Bonus

MTrading ยป Live Competition, Festive Gifts

Available For : All TradersValidity Date : 2023-12-31

Get Bonus

Support

๐Ÿ‘ฅ 24-Hours Support :
๐Ÿ‘ฅ Support During Weekends :
๐ŸŒ Web Form :
๐Ÿ’ฌ Live Chat :
๐Ÿค™ Call-Back :
โœ”๏ธ Support Language : Arabic, Bosnian, Chinese, English, Romanian, Russian, Serbian, Thai, Vietnamese

Contact Information

๐ŸŒ Website : www.mtrading.com
๐Ÿ“ง E-mail : [emailprotected]
โ˜Ž๏ธ Telephone : No
๐Ÿ“  Fax : No
๐Ÿ“ฎ Address : First Flour, First Saint Vincent Bank Ltd. Building, James Street, Kingstown, St. Vincent and the Grenadines

User Feedback

5 Reviews

Add Your Review

  1. MTrading Review 2024 - Is Legit or Scam | Forexing.com (2)

    Salinda Dassanayake

    August 30, 2019 at 4:40 pm

    My account no in this trader is 68611597. I deposited $100 as directed by Mtrading employee.
    Now the deposited money has been robbed. After I asked support from the help center and the responsible persons. But their response was very poor. The company did not get the responsibility of its employees. There are so many frauds. please be careful. Think more before investing the money on this.

    Reply

  2. MTrading Review 2024 - Is Legit or Scam | Forexing.com (3)

    Adha Azani

    July 17, 2021 at 7:33 am

    The bonus is a little bit elusive, because it does not support marginโ€ฆ the equity showing the total credit, which cannot be useโ€ฆ

    Reply

  3. MTrading Review 2024 - Is Legit or Scam | Forexing.com (4)

    Khairul nizam Othman

    July 21, 2021 at 8:05 pm

    Mtrading service is quite good and no problem since iโ€™m using it..

    Reply

  4. MTrading Review 2024 - Is Legit or Scam | Forexing.com (5)

    olive

    June 30, 2023 at 8:40 pm

    They promised a guaranteed return on my investment but after investing my life savings, I got nothing in return. They seemed legitimate at first, but it was all a scam. I urge people to stay away from fake platforms and not risk their hard-earned money like I did. Report scam to cybertecx net for payout solution

    Reply

  5. MTrading Review 2024 - Is Legit or Scam | Forexing.com (6)

    Karla Souza

    July 3, 2023 at 3:52 am

    They are all part of these scam platforms, we were a group of people and had to file reports to chargebacksecured -.- com they also helped in recouping all of our investments could not be more thankful.

    Reply

Leave a Reply

MTrading Review 2024 - Is Legit or Scam | Forexing.com (2024)

FAQs

Is mTrading reliable? โ€บ

Regulation and Safety of Funds at Mtrading

We have already established that Mtrading is regulated by the IFSC and FSA, but it's important to note that these regulatory bodies do not offer investor protection schemes. However, Mtrading has taken additional steps to ensure the safety of its clients' funds.

Which country is Mtrading? โ€บ

MTrading is a forex & CFD broker based in Saint Vincent and the Grenadines, a very popular offshore jurisdiction for forex brokers.

Will trade is real or fake? โ€บ

A: It is not recommended to trade with Will Forex Limited due to the lack of regulation, negative reviews, and limited information available. It is advised to consider regulated alternatives.

How long does it take to withdraw money from MTrading? โ€บ

It will take you just a few minutes to withdraw money from your MTrading forex trading account. The process involves the following steps: Enter the Trader's Room. Navigate to the withdrawal section and select a preferred withdrawal method.

Is forex trading in USA? โ€บ

Is forex trading legal in the US? Forex trading in the United States is legal and accessible to both institutional investors and individual retail traders. It is governed by a stringent regulatory framework that aims to protect traders and maintain market integrity.

Is MetaTrader a Russian company? โ€บ

MetaTrader, often referred to by its versions MetaTrader 4 (MT4) and MetaTrader 5 (MT5), is a widely used electronic trading platform for retail foreign exchange (forex), developed by the Russian software company MetaQuotes Software Corp.

Are there fake trading websites? โ€บ

If someone contacts you out of the blue, or you meet someone online who introduces you to a trading website you've never heard of before, chances are it's a fraud. It doesn't matter how much scam trading websites claim you will earn, or how easy or risk-free they say it will be, you will lose any money you give them.

How to spot a forex scammer? โ€บ

Unbalanced claims

They'll claim that they can guarantee trading success and assure large profits โ€“ all while downplaying any associated risk. This might be the ultimate indication that you are dealing with a scam: Trustworthy brokers do not make unbalanced claims, and will never make profit guarantees.

What is the minimum deposit for Mtrading? โ€บ

Account Types

Only $10 to start.

How to trade forex without a broker? โ€บ

Brokers work with liquidity providers and have segregated accounts for client funds. To trade forex without a broker, one can buy currency at a bank or currency exchange office and sell at a higher rate.

Can MetaTrader be trusted? โ€บ

MT4 and MT5 are good and pretty safe for trading. It's normal for brokers to see your trades on these platforms. Just make sure you pick a trustworthy broker. MT5 doesn't hide your trades from the broker more than MT4 does.

Is MetaTrader any good? โ€บ

MetaTrader 4 is built for forex and has been a favorite of traders since its inception in 2005. The platform's analytical capabilities and automated trading systems provide fast and stable order execution.

How trustworthy is forex? โ€บ

In conclusion, forex trading can be a legitimate and profitable form of investment, but it is important to be aware of the potential for scams. By being vigilant and taking the necessary precautions, you can protect yourself from falling victim to a forex scam. Stay informed and stay safe in the world of forex trading.

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