| Forex broker | |
|---|---|
| Official website | |
| Social network | |
| Date of foundation | 1970 |
| Head Office | First Floor, First Saint Vincent Bank Ltd. Building, James Street, Kingstown, St. Vincent and the Grenadines |
| Company owner | ServiceComsvg Ltd. |
| Types of support | |
| Phone Support | |
| Languages | Russian, English, Spanish, Chinese, Vietnamese, Indonesian, Malaysian, Thai |
| Terminals | MetaTrader 4, MetaTrader 4 MultiTerminal, WebTerminal MT4, MT4 Supreme Edition |
| Min. first deposit | From 100 USD |
| Brokerage commission | Yes |
| Lot size | From 0.01 to 200 |
| Maximum open positions | Until 200 |
| Bonuses | Until 40 % Deposit Bonus |
| Leverage | Until 1:1000 |
| Spreads | From 0 points |
| Free demo account | |
| Adjustable | Yes |
| Regulators | FSA24275 IBC 2017 |
| Types of accounts | Demo, M.Premium Live, M.Pro Live |
| Transaction volume | 0.01 lot |
| Peculiarities of trade | Automated Trading |
| Order execution | Market Execution (at market price) |
| Methods of replenishment | AstroPay, Neteller, Ngan Luong, Perfect Money, Prepaid Card, Qiwi, Skrill, Webmoney, WireTransfer, Russian Standard, Alfa Bank, Bank card (Visa/MC) |
| Withdrawal methods | AstroPay, Neteller, Ngan Luong, Perfect Money, Prepaid Card, Qiwi, Skrill, Webmoney, WireTransfer, Russian Standard, Alfa Bank, Bank card (Visa/MC) |
| Number of assets | 100+ |
| Types of assets | Currency pairsEURUSD, GBPUSD, USDCAD, etc. Precious metalsGold, silver, platinum, palladium Stocksstocks of the world's largest companies IndexesEuronext, Xetra, NASDAQ, NYSE, etc. Energy Carriersoil, gas |
| Account Currencies | RUB, EUR, USD |
| Mobile apps | |
| Weekend trading | Yes |
| Tournaments/competitions | No |
| Trader training | Seminars, webinars, guides and articles about forex |
| Contract Difference Commission | Yes |
| Swaps | Yes |
| PAMM trading | No |
| Analytics | News and Analysis |
| Margin trading | Yes |
| Affiliate Program | RegistrationRemuneration for attracting new clients with two referral program options |
| Advantages | Advantageous trading conditions Quality analytics Large selection of assets Low spreads Reliability of the terminal Affiliate Program Demo account and bonuses Copying transactions Prompt technical support |
| Disadvantages | Terminal freeze Delayed withdrawal of earnings |
| Company requisites | Legal name: ServiceComsvg Ltd. Legal address: First Floor, First Saint Vincent Bank Ltd. Building, James Street, Kingstown, St. Vincent and the Grenadines |
| Date of update | February 21, 2023 |
| Overall assessment | 3/10 |
MTrading is this a scam? Review and Customers Reviews
The Forex broker MTrading has been providing services to traders around the world since 2013. Notwithstanding the fact that it’s still a young company, it already has a good reputation, working actively in the CIS countries, South America and the largest cities of the Asia-Pacific region. Today the broker offers an extended list of services: trading in financial markets, training in trading, partnership programs and investing. Among its advantages we should mention innovative solutions, stability and reliability, and favorable conditions.
Of course, you’d like to know whether MTrading is a scam or a trustworthy company you should stick with. We’ll answer this question below.
Working since 2013, MTrading has already managed to show its strengths. Its offices operate in the Asia-Pacific region, Africa and South America. The company provides instant support for traders around the world. For successful trading in the financial markets, the company offers high-quality services and up-to-date software solutions. The broker has introduced the Electronic Communications Networks system (ECN), which guarantees better execution of orders and reduces the likelihood of slippage in trade. The company works with segregated accounts, which ensure the safety of investments from force majeure.
Traders can access online trading in currencies, crypto assets, metals, indices, and shares as well as energy carriers (oil and gas). The company boasts favorable working conditions (accurate quotations, one of the best spreads on the market, competitive deposits, and various methods of withdrawal), information support, and professional services. All of this is designed to make trading comfortable for both professionals and newcomers. Traders can make use of one of the best MetaTrader 4 platforms, which is excellent and easy to use. It can really improve the overall efficiency of your trading. You can also work in mobile versions of these trading terminals.
Special attention is paid to the security of the platform, so it’s no wonder that many traders highly praise its reliability. MTrading ensures the automatic trading of advisers. With the help of the MACI program, you can generate revenue by using auto-copying of successful traders’ deals. It’s also possible to open accounts to invest in the MAMI.
The site of the broker is highly informative. It provides enough materials about the terms of trade, terminals and affiliate programs. The company also offers expanded opportunities for training, proving that it’s truly interested in the growth of financially literate consumers. The website presents a lot of books, video lessons, seminars, webinars and actual analytics from professionals.
Replenishment and withdrawal of funds
MTrading offers different options for replenishment and withdrawal of funds. To start real trading and replenish your trading account, you need to register with the broker (registration is very fast) and deposit the required amount by choosing a convenient method of transferring funds (the minimum deposit is $10). To deposit funds, you can use an expanded list of modern payment options – from conventional credit cards to electronic payment systems:
- Bank transfers
- Plastic cards (Visa and mastercard)
- Skrill
- Webmoney
- QIWI Wallet
- Neteller, etc.
Funds are available for trading right after payment (if you work with electronic payment systems). The withdrawal of funds is possible only for authorized and verified traders, and withdrawal is carried out within 24 hours (electronic payment systems).
Complaints about MTrading
Despite the fact that the broker is very young, the Internet contains a lot of reviews about its work. Some traders note the positive aspects of cooperation with the company: the provision of professional analytics, profitable trading conditions, a wide selection of assets, and low spreads on the market. Besides this, customers also note a simple, quick verification procedure, an ability to copy transactions, and good performance of the MT4 terminal.
There are also negative reviews, which mostly relate to the following problems: issues with the terminal (lag, freezes), problems with the support service (long processing of applications, managers often don’t respond to requests), and problematic withdrawal of funds, including bonuses (long withdrawal, refusal of withdrawal without an explanation of the reasons). As for positive things, it should be noted that the company’s managers work with feedback, trying to reduce the negative aspects and resolving the users’ problems.
Is MTrading a scam?
Regardless of the fact that MTrading is one of the youngest brokers in the Forex market (here you can learn the whole truth about Forex), the company has already demonstrated its good reputation. It has achieved great success, providing a wide range of financial services and some of the most favorable terms for trading and having a large base of traders around the world, which is constantly increasing.
The Internet already offers different reviews about the company, both positive and negative. The company’s managers keep track of the comments and sort out the claims, which shows that the issue of customer satisfaction is of great importance to the company. All of this suggests that MTrading isn’r a scam. It’s a serious organization that has come to the Forex market to take a strong position. One of the factors of the broker’s positive image is the provision of a reliable Metatrader terminal for trading.
As an advantage, we note the availability of bonuses, professional support and an extensive base of training materials – in many respects the company demonstrates a thoughtful policy of working with the users. The availability of the MTrading certification is also a significant step toward earning the trust of the clients. Should we consider MTrading to be a scam? At this stage of the company’s development, we think it’s too early to draw such conclusions, but you can protect yourself by working properly with your personal manager.
Regulation of the broker
The activity of this broker is regulated by the IFC International Financial Services Commission IFSC of Belize (No. IFSC/60/270/TS/14), which guarantees the security of trade. Please note that membership with the broker is suspended due to the prolongation of the contract; information on this issue can be monitored on the IFSC website.
Bonuses from the broker
Each trader of the company can count on a 50% bonus.
The bonus is valid for the first deposit. It allows you to receive additional funds for trading on the broker’s site. Detailed conditions for the bonus should be specified by the personal manager.
Conclusion
Forex Trading Broker MTrading is a young company that has already earned high ratings as one of the leaders of Forex trading. It provides high-quality services and profitable terms of trade. The broker has a large base of traders and different reviews. We can say that the company is actively developing. The company’s experts keep monitoring reviews on the Internet, which proves that the company is eager to learn the opinion of its users. We hope that discussions on the thematic forums will contribute to further improvements in the services provided.
We should also note that MTrading has not completely shown itself yet, so it’s too early to evaluate it as a reliable or fraudulent company. However, the responses of traders who are waiting for this article can not only change the broker’s rating on our web portal but also warn market players of possible problems.
Reviews
- In ascending order of rating
- In descending order of rating
- New ones first
- First the old ones
- Popular ones first
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Feedback approved for publication Rate your review 000My faithful partner
My relationship with MTrading has lasted longer than any other relationship I have had. We have been together for almost two years and I have nothing to complain about. MTrading is my faithful partner, and I enjoy every day we spend together 😀
Jokes aside, I trade with the M.Premium account type, which… Read morePositive- Decent selection of account types
Minuses- Wire transfers take longer to be processed
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Feedback approved for publication Rate your review 000Pro account type for $500
I am pretty new to this platform, but having traded for a couple of years made me experienced and knowledgeable enough to recognise a good broker when I see one.
MTrading is an excellent trading platform and I can confidently recommend it to my friends or anyone reading this review. The range of instruments… Read morePositive- +I am impressed by how professionally they handle the withdrawals. +I like that they put effort into providing regular and useful technical analyses. +The deposit bonuses add to the overall positive experience.
Minuses- The customer support. I appreciate they have integrated the chat feature, but it takes time to fill out the forms and wait for a response from a real person when the chatbot is not much of a help.
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Feedback approved for publication Rate your review 000Nice service
They OFFER a wide range of financial instruments for trading.
The trading platform is convenient and practical. It has many functions for technical analysis, but sometimes, it lags.Positive- They OFFER a wide range of financial instruments for trading. The trading platform is convenient and practical. It has many functions for technical analysis, but sometimes, it lags.
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Feedback approved for publication Rate your review 000Recognized broker
According to some of the reviews I have found online, Mtrading is quite a recognized company. Isn’t it a pleasure to work with such a company which not only provide you with good functionality, but is also respected by the community? I guess it’s a real relief for your mentality, you know, you ain’t… Read more
Positive- It's definitely a powered MT4 Supreme, a true gem for me
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Feedback approved for publication Rate your review 000Positive memories
When MTrading pops up in my mind, only good emotions appear.
The broker has a number of market classes to trade like commodities , indices and crypto.
Great insight from the broker on technical analysis and its implication on the markets.Positive- The main bomb plus for me is the broker's MT4 Supreme platform. It is like MetraTrade 4 but powered with superior charting features.
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Feedback approved for publication Rate your review 000Easily impressed but
I am actually very easily impressed, but with Mtrading, I think I was impressed for good reason. The very first thing I noticed was the easy to read website. I think information is presented in a very clear way on the platform, which builds transparency. All that you need to know about the broker is… Read more
Positive- + Readable website
- + Quick and reliable payment methods
- + Affordable fees
Minuses- Not that many trading tools to help with trading.
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Feedback approved for publication Rate your review 000Good trading environment
The broker has a really neat trading environment. Everything works very well, affording traders quick transactions, trade execution, support, etc. I also really like the way the broker built on the MT4, and gave us MT4 supreme.
Positive- The MT4 supreme trading terminal is great.
Minuses- The M.Cent account is... overly basic
- Not many trading instruments available.
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Feedback approved for publication Rate your review 000Not reliable
Feel really upset with mtrading as withdrawal got decline more than 4 times yet problem was not resolved. Have email them but till date no one get back to address or at least to guide me on the withdrawl issue. Mtrading should ask other brokers like *** how they are able to process withdrawal swiftly… Read more
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Feedback approved for publication Rate your review 000Misappropriation of funds from MTrading India
I have experienced bad trade ideas and misappropriation of funds from Mtrading India Office. My capital got eroded and no timely update adding to this misappropriation of fund transfer. Not crediting the funds to trading account.
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Feedback approved for publication Rate your review 000Misappropriation of funds and misleading trading tips
I have started trading with MTrading India since Aug – 2022 and having experienced with heavy loss in my account with the wrong advices and no response from the account manager at the critical times. The account manager was not accessible many times and the office did not turn up with any substitutes… Read more
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Rate your review 000When I first started trading I didn't...
When I first started trading I didn’t know that I should avoid trading during important news releases, but that’s more due to inexperience. I can’t say anything bad about Mtrading, I have nothing to compare it with.
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Rate your review 000I was watching their analytical reviews on...
I was watching their analytical reviews on youtube before I started working with them. The guys there are smart, the tech support is great.
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Rate your review 0-10I have been trading with MTrading for...
I have been trading with MTrading for 2 years now, no problems at all, deposit/withdrawal promptly, no complications
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Rate your review 0+10I agree with the comment below. No...
I agree with the comment below. No money withdrawal. All I got wasted time and frayed nerves. They scam people like they want to.
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Rate your review 0+10Totally does not withdraw money do not...
Totally does not withdraw money do not work with him if you do not want to feed the greedy pig
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Rate your review 0-10Money likes silence, so I will refrain...
Money likes silence, so I will refrain from numbers) I will only say that the total amount that I managed to earn here and withdraw with four zeros. So far with four zeros.
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Rate your review 000I have installed the robot here, it's...
I have installed the robot here, it’s not bad, but I need to adjust it a little bit, lot, tools, stop-orders if necessary. I’ve got a good owl in principle. What will be next, let’s see.
MTrading reviews
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