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

Mtrading takes the safety of its clients' funds seriously and has implemented various measures to ensure it. Firstly, all client funds are kept in segregated accounts, separate from the broker's operational funds. This means that in the unlikely event of Mtrading's insolvency, clients' funds will not be affected.

What is the most trusted trading platform? โ€บ

Best Overall - Zerodha

Zerodha, a top discount broker, excels in trading and demat account services. Positive reviews, a user-friendly interface, affordable fees, diverse investment options, and useful features like technical indicators and advanced charting tools make it the best choice overall.

How do I know if my forex site is legit? โ€บ

To see if a site is registered, visit fincen.gov/msb- registrant-search. Registration alone won't protect you from fraud, but most scams involve unregistered entities, people, and products. 3. No physical address, it's clearly fake, or offshore.

Is MetaTrader genuine? โ€บ

MetaTrader 5, or simply MT5, is one of the most popular trading platforms amongst forex brokers. It provides various benefits for traders and can help them with their strategy and to make a profit. However, the nature of this software means it can be manipulated by online scammers.

How long does MTrading withdrawal take? 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.

How do I withdraw from MTrading? โ€บ

Steps to Withdraw Cash from Your Trading Account
  1. Enter a trader's room and find a withdrawal form.
  2. Fill in the form and indicate all data required by a broker.
  3. Submit the form and wait for confirmation.
  4. Get the money transferred to the banking account.

How to check if a website is legit? โ€บ

How to check if a website is legit? To check if a website is legitimate, look for indications of authenticity, such as a secure HTTPS connection, a clear privacy policy listed on the site, contact information for the website owner, and positive reviews or ratings from other users.

How to spot a fake trading platform? โ€บ

First, check to see if the exchange is registered with a regulatory body such as the Securities and Exchange Commission (SEC) or Commodity Futures Trading Commission (CFTC). These agencies provide oversight of exchanges and protect investors from fraud. Next, look at the Exchange's trading volume.

What is the most legit forex broker? โ€บ

  • Best Forex Brokers.
  • CMC Markets: Best Overall and Best for Range of Offerings.
  • London Capital Group (LCG): Best for Beginners.
  • Saxo Capital Markets: Best for Advanced Traders.
  • XTB Online Trading: Best for Low Costs.
  • IG: Best for U.S. Traders.
  • Pepperstone: Best for Trading Experience.
  • Frequently Asked Questions.

Why was MetaTrader removed? โ€บ

Meta Trader 4 and Meta Trader 5 apps were likely removed from the Play Store due to policy violations or compliance issues with Google's guidelines. This could involve concerns over security, privacy, or other regulatory matters.

Can I trust MT4? โ€บ

Are MetaTrader 4 and 5 Safe? MT4 and MT5 are completely safe and legitimate platforms many top brokers use. They are also extremely popular with forex traders, but as with almost any online activity, fraudsters will construct scams involving these platforms if they think they can benefit.

Can I withdraw money from MetaTrader? โ€บ

Open your MetaTrader 4 platform and navigate to the "Withdrawal" or "Funds" section. The exact location of this option may vary depending on your broker's platform configuration. If you're having trouble finding it, consult your broker's support resources or contact their customer service team for guidance.

Which is the safest forex broker? โ€บ

A safe broker will be regulated by a reputable financial authority, have a good track record, offer competitive trading conditions, and have a strong customer support team. Some of the safest forex brokers in the world include Pepperstone, IC Markets, FXCM, OANDA, FBS, XM, eToro, AvaTrade, IG, Saxo Bank, and FXTM.

Is TMGM safe to use? โ€บ

TMGM is regulated by several reputable financial authorities, ensuring that the broker operates under strict guidelines and provides a secure trading environment for its clients. These regulatory bodies include: Australian Securities and Investments Commission (ASIC) Vanuatu Financial Services Commission (VFSC)

Which forex trading is legit? โ€บ

Most Trusted Forex Brokers Comparison
CompanyTrust ScoreYear Founded
IG991974
Brokers991977
Saxo991992
com991999
1 more row
Mar 5, 2024

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