MTrading review and ratings

Established 2014
Location Saint Vincent and the Grenadines
Regulation None
Offices Kingstown
Broker type STP | ECN
Leverage up to 1:1000
Deposit from 100 USD
Spreads low  low
Platforms Web MetaTrader 4
Instruments Currencies Crypto Indices Metals Energies Stocks
Funding methods Wire Transfer Credit Cards Skrill Neteller FasaPay Perfect Money Bitcoin Tether

Company information

MTrading is a legally registered forex broker located in Saint Vincent and the Grenadines, but not regulated by any government agency.

MTrading is also a member of the International Financial Commission (FinaCom), an independent dispute resolution organization.

Availability

MTrading accepts clients from all over the world, excluding USA, Canada, UK, EEA countries, Turkey, Iran, Iraq, Jordan, Pakistan, Hong Kong, South Korea, Japan, Australia, New Zealand and some others.

Distinctive features

Trading instruments

Forex broker offers the following underlying assets for trading.

35+ Currency Pairs Based on major and minor world currencies.
5 Crypto Pairs Based on Bitcoin, Bitcoin Cash, Ethereum, Litecoin, Ripple.
10 Indice CFDs Based on baskets of different blue-chip stocks.
4 Metal Spot CFDs Based on Gold, Silver, Platinum and Palladium.
3 Energy Spot CFDs Based on Crude Oil (WTI, Brent) and Natural Gas.
50+ Stock CFDs Based on shares of US and EU companies.

Comprehensive review

MTrading is a forex & CFD broker based in Saint Vincent and the Grenadines, a very popular offshore jurisdiction for forex brokers. Since Saint Vincent and the Grenadines does not regulate forex brokers, MTrading is not regulated by any government agency in that nation. Instead, the broker is merely registered as an international business company (IBC) with registration number 24275 IBC 2017.

According to our database search, this registration is valid and the company is a legally registered IBC in Saint Vincent and the Grenadines at the time of writing.

To compensate for the lack of government regulation in Saint Vincent and the Grenadines, MTrading has joined the Financial Commission (FinaCom PLC), an independent financial dispute resolution organization that can mediate between brokers and clients in the event of disputes. FinaCom gives clients the opportunity to file complaints about member companies, and has a compensation fund that can compensate traders up to USD 20,000 per case.

When it comes to trading, MTrading offers its clients access to trading in a variety of instruments, covering the major asset classes currencies, commodities, cryptocurrencies, stock indices, and stocks.

In terms of stock CFDs, MTrading offers a selection of individual stocks listed in Europe and the US, including big European companies like BNP Paribas, Deutsche Bank, and Airbus, as well as American companies like Apple, Amazon, Tesla, and Facebook.

When it comes to trading platforms, MTrading has chosen to stay loyal to the classic MetaTrader 4, better known as MT4. This is a platform that nearly all traders are familiar with, which obviously makes it less of a hassle to switch from another broker to MTrading.

The broker offers MT4 in several different versions, including the standard downloadable MT4 for Mac and Windows, the MT4 Multiterminal with support for an unlimited number of trading accounts, MT4 for web, and the MT4 Supreme Edition packed full with additional features.

MTrading lets their clients choose between two types of trading accounts, called M.Premium and M.Pro. The former is a standard STP (straight-through processing) trading account that offers commission-free trading in forex & CFDs, and requires only 100 USD to start trading. The latter, meanwhile, is a commission-based ECN (electronic communications network) account with much tighter spreads, which requires a minimum of 500 USD to start trading.

Worth pointing out, however, is that the commission-free M.Premium account offers far more choices when it comes to trading instruments than the M.Pro account does, with only popular currencies and spot metals available for commission-based ECN trading.

Trading leverage for forex pairs for both account types varies from 1:25 and all the way up to 1:1,000, depending on the size of the position and relevant margin requirements. For stock indices, the leverage is slightly lower at a maximum of 1:500.

Spreads on the M.Premium account start from 1.0 pip on the EUR/USD, which is considered fairly tight compared to the industry as a whole.

Deposits and withdrawals are handled through all of the common payment methods, including local bank transfers, Visa & MasterCard, and the popular e-wallet services Neteller and Skrill. Unfortunately, cryptocurrency deposits are not accepted by this broker.

M.Trading’s customer service can be reached via email or a Cyprus-registered phone number. The broker unfortunately does not mention any information about working hours for their customer support department.

All in all, M.Trading is a good choice for forex & CFD traders who enjoy trading on the MT4, and want access to very high leverage in order to boost their buying power in the market. We also like that the broker has chosen to join FinaCom after realizing that most traders want some reassurance in the form of independent oversight.

Reviews from traders

4.63/5
(16 votes)
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