MTrading

MTrading offers an affordable access to a wide-range of CFDs on stocks, forex, indices and cryptos, plus negative balance protection.

MTrading Overview

MTrading offers an affordable access to a wide-range of CFDs on stocks, forex, indices and cryptos, as well as negative balance protection.
Min Deposit $100
Max Leverage 1:1000
Trading Platform MT4/MT4 Supreme
Year Founded 2013
Instruments FX, CFD, Cryptos
Regulation IFSC, EFSA
Open an Account
Min Deposit
$100
Max Leverage
1:1000
Trading Platform
MT4, MT4 Supreme
Year Founded
2013
Instruments
FX, CFDs, Cryptos
Regulation
IFSC, EFSA
Open Account

Company background

MTrading, which was established back in 2013, is an online broker that allows trading currency pairs, precious metals, stocks, indices, cryptos and fossil fuels. The company is committed to ensuring that customers get the best trading experience in every type of financial market. MTrading operates in key cities in Asia-Pacific and the emerging markets of Africa and South America.
Broker gives its clients simple, easy access to every type of financial market through state-of-the-art software, supporting them with valuable information, competitive terms, numerous payment systems, a lively community and responsive service.

As a plus

  • Wide Range of Instruments for Trading
  • Dedicated Professional Customer Support
  • Modern and Efficient Trading Platforms
  • Competitive spreads

On the flip side

  • Not FCA/CYSEC Regulated Broker

Our verdict:

So, MTrading shows as much operation and reliability as can be expected from a legitimate and regulated broker. They proceed according to the industry standards and because of their market positioning towards the Asia-Pacific and the emerging markets of Africa and South America as well, this broker is suits best to service traders from this part of the world.

Methodology

For this review, we tested MTrading Premium account, plus we collected secondary information from reputable sources.

Regulation

MTrading is registered with Financial Services Authority of Saint Vincent and the Grenadines.
Financial Commission (FinaCom PLC) is the first, neutral, third-party Dispute Resolution Organization that is dedicated specifically to Forex, and it operates in a way where transparency, swiftness, and education are the paramount values.
Financial Commission ensures that traders and brokers are getting their disputes resolved in a quick, efficient, unbiased and authentic manner, while making sure they walk away with a well-founded answer, thus contributing to the overall knowledge about Forex.

In accordance with industry regulations, your funds are segregated from our own assets in a regulated banking institution. This ensures that customers funds are available at all times, and cannot be used by broker for any purpose.

Negative balance protection

MTrading offers negative balance protection to its clients, which means that they won’t lose more funds that they have. Unfortunately, this is not always the case in the industry. Protection by Commission’s Compensation Fund is up to 20,000$ per case.

Customer Service

MTrading is committed to maintain a physical presence in major cities in the Asia Pacific region as well as Africa and South America. This enables them to respond immediately to their clients trading issues and needs. Broker offers a personal Account Manager to assist customers in all technical and administrative concerns.

MTrading provide 24/5 customer support via phone, live chat and email. Support services are available in multiple languages enabling MTrading to communicate with traders on a more individual level.

What Other Forex & CFD Websites and Customers Say about MTrading?

Although nowadays there is plenty of information available on every broker, this does not make it easier to take a thoughtful decision. The abundance of information can quickly become overwhelming and confuse traders rather than provide clear answers.

We’ve gone through, authoritative user-generated and broker listings/reviews websites to, hopefully, offer more clarity on the reception among its clients.

User Generated

Most of the websites of this kind offer a raw stream of consciousness by angry and happy traders alike. It is, therefore, important to keep in mind that some of the reviews will be nothing more or less than such.

Given that a lot of traders lose funds, and may go to the websites like Forex Peace Army (FPA) to complain, we aim at distinguishing, well, more subjective from less subjective reviews and offer our limited view on the situation.

Forex Peace Army (FPA)

Being one of the most trusted user-generated Forex and CFD communities, FPA is making sure to mediate communication between traders and service providers.

We couldn’t find clear cases of deliberate misconduct by MTrading. In any case, company’s reputation manager takes care of every query, which fosters a transparent discussion.

Non-User Generated

While reviews from non-user generated website are usually more well-structured and in depth, they may also fall short on the objectivity spectrum. Brokers do incentivize many third party-websites to write favourable reviews. To get the most out of the review process, make sure to check multiple sources and examine their credibility.

You can find the feedback from Elite CurrenSea’s clients on our website and in FPA. We do provide incentives to our clients to open an account with our trusted brokers, you can learn more about that in our ecs.TradersClub loyalty program.

Keeping in mind the info above, we can attest that MTrading reviews appear to be mostly positive.

Account types

There are 2 types of trading accounts: M.Premium and M.Pro. MTrading offers competitive trading terms and a variety of services on each account type:

  • M.Premium Account

Minimum deposit 100$
Execution Type – STP

  • M.Pro Account

Minimum deposit 500$
Execution Type – ECN

Customer Service

Overall experience with MTrading customer service was positive. The connection time was under a minute and account managers were professional, able to quickly answer both generic and more advanced questions.

Albeit, the somewhat negative FPA sentiment on that matter, we remain impressed by the quality of the support and invite our visitors to leave their feedback to form a more well-rounded opinion.

Products/CFD Portfolio

MTrading offers to clients a wide range of trading instruments: currencies, metals, commodities, as well as CFDs on stocks of the world’s largest companies, stock indices and other highly liquid assets. Availability of CFDs depends on account type.

Product MTrading AxiTrader LCG Markets.com Alvexo
CFDs on Forex 1:1000 1:400 1:500 1:300 1:300
CFDs on Commodities 1:100 1:400 1:200 1:200 1:75
CFDs on Indices 1:200 1:400 1:500 1:150 1:75
CFDs on Crypto 1:5 1:2 ? 1:5 1:5

Forex

A total of 38 currency pairs are available, ranging from major (3) to minor (18) and some exotic (17) pairs as well. At the moment of the review leverage available for trading CFDs on Forex was 1:1000.

Stocks

Traders can find over 50 stocks: US (NASDAQ), US (NYSE), Germany (Xetra), Netherlands and France (Euronext). At the moment of the review leverage available for trading CFDs on stocks was 1:10

Indices

As of 2018, you can find around 10 indices to trade as CFDs. This includes the largest stock markets and indices (DAX30, Dow Jones etc.). At the moment of the review leverage available for trading CFDs on indices was 1:200.

Commodities

Traders are able to trade traditional commodities such as Metals (Gold, Palladium, Platinum, Silver) and Energies (WTI, Natural Gas, Brent). At the moment of the review leverage available for trading CFDs on commodities was 1:100

Cryptocurrencies

Customers can trade with 5 Major Cryptos: Bitcoin (BTC/USD), Bitcoin Cash (BCH/USD), Ethereum (ETH/USD), Litecoin (LTC/USD) and Ripple (XRP/USD). At the moment of the review leverage available for trading CFDs on Cryptos was 1:5

ETFs

MTrading Doesn’t have ETFs currently.

Fees & Commissions

As for the spreads that are payable on the M.Premium account, the minimum spreads start from as low as 1 pip and zero pip on the M.Pro. However, commission charges are applicable on trades made on the M.Pro account which is USD 10 per 1.0 lot.
In fact, the typical spreads on the M.Premium are average for the foresx industry, falling within the average range of 1.0 – 1.5 pips on EUR/USD. The average trading costs on the M.Pro account, on the other hand, are below 1 pip for this pair, which is a really attractive pricing.

Deposit and Withdrawal Methods

Deposits as well as withdrawals can be made via local bank transfers, credit cards, Netteller and Skrill system. Withdrawals usually get processed in just around 60 minutes during working hours.

Platforms

MTrading offers its services on the popular MetaTrader 4 platform (MT4). The MT4 is available as PC, web and mobile versions.

This fully-featured software provides traders with everything they need: ease of use, a number of technical analysis indicators, advanced charting package and the ability to develop and use Expert Advisors (EA). There are many different time frames to choose from and you can place a trade with a single click or within a chart.

Furthermore, Mtrading offers its clients its customized version of the platform, called MT4 Supreme with some interesting features (and a design in pink & purple). There is a Mini Terminal for fast and simple trade management, a Trade Terminal (which combines Mini Terminal features and new functionality for smooth trade management), Tick Chart Trader For simplified chart tracking, and Indicator Solutions. The Indicator Solutions Feature keeps track of your order history, and enables access to trading signals.

Research

MTrading’s research tools are more than what some discount brokers provide, available materials and tools are useful for beginners and experienced traders.

MTrading provides set of highly practical market information and tools required for thoughtful trading decisions, such as:

  • Smart Forex economic calendar under the trading tools menu point. The economic calendar shows how affected currencies pairs reacted to the specific event when the event’s result outperformed or underperformed analyst consensus.
  • Fundamental and technical analysis
  • Market Heat Map. It is a radar to follow price movements and daily trading intelligence, which indicates the biggest up/down market movements, long/short trading opportunities, daily trends, market volatility and other key metrics.

To extend the number of tools at your disposal feel free to take a look at our free forex & cfd blog to stay in touch with financial markets. If interested, Elite CurrenSea research and tools could complement MTrading in-house solutions well.

You can also get up to 25% discount on trading systems and live trading group access when opening an account with MTrading via our website. 

Education

We have found FAQ, Trader’s Glossary available in local languages, however, education appears to be of a lower priority for MTrading. This section is in the stage of development and filling.

Take a look at our free education, if you are looking for a place to start or get better. Or, go check our trading strategies, tools and analysis to get professional help for free.

You can also get a free month of access LIVE telegram group (usually €109/month) or up to 25% discount on trading systems when opening an account with MTrading via our website. See the instructions for becoming ecs.TradersClub member

Fly or Frie Verdict

MTrading is a young company that has already earned high ratings and provides high-quality services and profitable terms of trade. The broker has a large base of traders and positive reviews. We can say that the company is very actively developing and listening to the opinions of its users

We can conclude that this company shows as much transparency and reliability as can be expected from a legitimate broker. They operate according to the industry standards and because of their market positioning towards the Asia pacific region.

Last but not least, don’t forget that you can open up an account with MTrading and get 25% discount on Elite CurrenSea tradings systems and tools.

Research done by Chris Svorcik and Nenad Kerkez Co-founders of Elite CurrenSea, Chris is an award-winning trader with over 10 years of technical analysis and teaching experience. Chris also offers education and technical analysis on top industry websites and constantly works on his proprietary trading system based on wave analysis – ecs.SWAT.