MTrading is an offshore brokerage firm offering currency, stocks, indices, and commodities trading. The broker offers different versions of the MetaTrader 4 platform to go along with its convenient trading conditions.
Discover MTrading’s set of trading conditions and other trading features by gleaning this broker review.
MTrading Background & Safety
Founded in 2012, MTrading is a growing brokerage firm that started servicing in the Asia-Pacific region. Over the years, it has established 10 offices worldwide with most of them located in Asia-Pacific and in Africa and South America. Its head office is situated in Saint Vincent and the Grenadines.
As an international financial company, MTrading has amassed over 250,000 clients and more than 5000 partners across the globe through its successful partnership programs. Despite its global presence and international partnerships, MTrading is restricted in several jurisdictions including the United States, Japan, Germany, Canada, and New Zealand.
As Mtrading is based in SVG, it is listed in the Registrar of International Business Companies and is registered by the Financial Services Authority of SVG. The broker also claims to be a member of the Financial Commission, an international organization responsible for the resolution of disputes within the financial services industry in the Forex market.
Under the regulatory supervision of the Financial Commission, MTrading secures its clients with a fund protection claim of up to 20,000 euros in case the broker suffers from insolvency. More so, the Financial Commission requires its members to segregate client funds from the company funds through a regulated banking institution.
This regulatory standard puts client funds to safety and marks the firm’s safe trading environment to compensate for a weak regulatory credential being an offshore broker.
MTrading Features & Fees
Trading Instruments
MTrading has an array of financial instruments from several asset classes to offer to its clients. It has 35 currency pairs for its forex trading, 5 cryptocurrencies, 10 indices, 4 metals, 3 energies, and over 50 stocks. The broker has more than 100 financial instruments to trade.
Account Types
As seen in the above reference, MTrading offers two account types: M Premium and M Pro. M Premium has the lower initial deposit required minimum amount of $100. All of MTrading’s offered instruments can be accessed using this account type. Spreads available in this account start from 1.0 pips.
On the other hand, M Pro requires a higher initial deposit of $500. Though it has spreads that start from 0.0 pips, it has a limited option of financial instruments with just 20 available.
Both account types have the same leverage level of 1:1000, relatively high compared to other brokers, being an offshore broker. Also, both accounts have no requotes.
To open an account with MTrading, you just simply have to fill in its registration form available on its official site, confirm your email, and log in to the traders room. When logged in, you now choose your preferred account type to open and deposit the required minimum initial deposit amount. After successful initial funding, you can now start trading by either using the WebTrader or downloading the MT4 version of your choice.
Funding Methods
MTRading parades convenient and flexible means of depositing and withdrawing funds. The variety of payment systems being utilized by the broker include Alfa Bank, AstroPay, Manual Operation, Neteller, NganLuong.vn, Perfect Money, Prepaid Card, Qiwi, Skrill, Visa, Mastercard, WebMoney, and Wire transfer.
Each option has either or both deposit and/or withdrawal fees.
MTrading Trading Platforms & Tools
MTrading features the different versions of the MetaTrader 4 platform, the most widely-used trading platform in the trading community.
It has the MetaTrader 4 (standard version), MT4 Supreme Edition, MT4 Multiterminal, and the MT4 WebTrader.
The standard version comes in Windows, Mac, Android, and iOS downloadable apps. Meanwhile, MT4 Supreme Edition is the more advanced version as it comes with several advanced features including a Mini Terminal, Trade Terminal, Tick Chart Trader, News Feed, Indicator Solutions, and Mini Chart.
The Multiterminal version allows you to use up to 5 live accounts. Using this account, you can place market and pending orders, view live market prices, and monitor all account balances and equity in real-time.
Lastly, MTrading also offers the WebTerminal of the MT4 trading platform to allow trading without downloading and installing trading software and programs.
Other trading infrastructures of MTrading include News and Analytics, Education, and several investing programs like PAMM Investor, Copy Trade: Introducing Brokers, and Copy Trade: Investors.
Bottom Line
MTrading offers a good set of trading arsenal: user-friendly trading platforms, high leverage and tight spreads, an array of financial instruments offering, and good educational resources.
The only missing piece to mark its ascendancy in the brokerage scene is a legitimate regulatory affiliation.