MTrading Broker Review 2024

MTrading provides trading services from 10 offices to over 260,000 customers worldwide. Traders can buy and sell 38 currency pairs, 4 spot metal CFDs, 3 spot energy CFDs, 10 indices, 67 company stocks, and 12 cryptocurrencies with this broker.

Company Information & Regulation of MTrading Broker

MTrading, established in 2012, has quickly made a name for itself in the online trading industry. The broker is regulated by The Financial Commission, an independent external dispute resolution (EDR) organization that provides a layer of protection for traders. MTrading aims to provide low-cost Forex trading services for traders worldwide.

MTrading Broker Summary of Specifics

Let’s give you a quick overview of MTrading broker:

MTrading Broker Account Types

MTrading offers 3 distinct account types to suit different trading styles and investment capacities:

All account types provide access to the MT4 Supreme Edition add-on, one-click trading, and automated trading with Expert Advisors.

It’s worth mentioning that MTrading also provides demo and Islamic accounts for Forex traders.

MTrading Broker Sign-Up & Verification

To start trading with MTrading, follow these steps:

1. Visit the official MTrading website and click on the "Sign Up" button;
2. Enter your email and create a password;
3. Enter your name and phone number;
4. Verify your email address;
5. Enter your contact information in the MTrading profile verification form

6. Verify your phone number
7. Upload your ID document to verify your identity in the MTrading broker

MTrading aims to verify accounts quickly to ensure a smooth onboarding process for new clients.

MTrading Broker Trading Platforms and Applications

MTrading primarily offers the MetaTrader 4 (MT4) platform, known for its powerful features and easy-to-use interface. The MT4 platform provides:

• Adaptive trading options, including algorithmic strategies
• Seamless access across devices: desktop, web, and mobile
• Sophisticated charting with customizable timeframes
• Extensive library of technical indicators and drawing utilities
• Compatibility with Expert Advisors (EAs) for hands-free trading
• Live market data and real-time news updates

In addition to the standard MT4 platform, MTrading offers MT4 Supreme Edition, an enhanced version of MT4 with additional plugins and customizable tools.

MTrading Broker Trading Costs (Spreads and Commissions)

MTrading offers competitive spreads and low commissions across its account types:

• Cent Account: Spreads from 1 pip, no commissions
• Premium Account: Spreads from 1 pip, no commissions
• Pro Account: Spreads from 0 pips, $4 commission per 1.0 lots

The tight spreads and low commissions make MTrading an attractive option for both novice and experienced traders. Other costs of trading in MTrading broker:

• $50 monthly inactivity fee
• No deposit and withdrawal fees

MTrading Deposit & Withdrawal Methods Overview

MTrading supports a wide range of payment options, including:

• Bank transfer
• Neteller
• Skrill
• Perfect Money
• USDT (Tether)

Lack of credit card payment is a drawback traders can’t overlook. The minimum deposit in MTrading broker is $10 with no hidden fees or charges. Deposits are typically processed within an hour, while withdrawal takes just a few minutes.

Copy Trading & Investment Options Offered on MTrading

MTrading offers a robust copy trading feature that allows traders to automatically replicate the trades of successful investors. This service is particularly beneficial for:

• Beginners eager to gain insights from seasoned traders
• Time-pressed individuals aiming to invest without day-to-day oversight
• Investors interested in expanding their portfolio through varied strategies

The Subscribers tab shows a wide range of useful information regarding Masters performance, including:

• 7-day ROI
• 7-day profit and loss
• Minimum investment
• Number of subscribers
• Subscribers profit and loss

MTrading Broker Bonuses and Promotions

MTrading offers attractive bonuses and promotions to both new and existing clients:

• $30 Welcome Bonus: New clients can receive a $30 no-deposit bonus to start trading risk-free.

• 200% Deposit Bonus: Traders can boost their trading capital with a 200% bonus on their deposits.
• Dynamic IB Partnership Program: Earn up to 10% extra rewards on net deposits for IBs.

It's crucial to understand that all bonuses and promotions are subject to specific terms and conditions, such as minimum trading volume requirements. Traders must thoroughly review these conditions before engaging in promotional offers.

MTrading Broker Customer Support

MTrading provides customer support through the following channels:

• Live Chat: Available 24/5 for quick assistance
• Email: support@mtrading.com
• FAQ Section: Comprehensive answers to common questions

The support team is multilingual, catering to the broker's global client base. While the live chat feature is primarily bot-driven, it can escalate issues to human support agents when necessary.

MTrading Broker Trust Scores and User Reviews

MTrading has received mixed reviews from clients and industry experts. On Trustpilot, the broker maintains a high rating, with some clients praising the trading conditions and others expressing concerns about withdrawal processes.

Key points from user reviews:

• Positive feedback on tight spreads and fast execution
• Appreciation for the copy trading feature
• Some complaints about account verification delays

It's important to note that online reviews should be considered alongside other factors when evaluating a broker.

TF Expert Suggestion

MTrading’s $10 minimum deposit and spreads starting at 0.1 pips make it accessible for new traders, but its lack of regulation by FCA, CySEC, and SEC could be a drawback.

The $30 welcome bonus, $4 commissions on Pro accounts, and a 4.2 Trustpilot score are additional aspects worth noting.