A top government official in Japan said on Wednesday the country
MTrading is a global Forex and CFD broker operating since 2013. It is actively working in CIS countries, emerging markets of Africa, South America, and some of the largest cities of the Asia-Pacific region. The broker is based in Belize. Nowadays, it has extended the list of services provided. It offers trading in financial markets, partnership programs, and investing, as well as training in trading. MTrading allows trading currency pairs, stocks, precious metals, indices, cryptocurrencies, and fossil fuels.
The broker does not provide services in certain regions. It is not available for traders based in the US, Canada, UK, Germany, and New Zealand. It makes MTrading a limited option. Due to legal restrictions, some features and products may not be available to customers from specific countries.
Regulations and Licenses at MTrading
Trading Platforms provided by the broker
The desktop version of the MT4 runs on Windows and MAC. It offers heightened trading tools. The features the platform provides are a customizable user interface, trading chart templates, charting on multiple timeframes, real-time asset price quotes. MQL editor creates customized trading indicators, scripts, and EAs. Strategic tester tests EAs over historical data. Furthermore, the MQL community enables customers to share trading tools and ideas with other traders. The platform has price alert notifications through SMS, email, and popups.
MT4 provides a web-based version for customers who prefer trading using a web browser. It gives traders instant access to trading through most modern web browsers.
The Mobile version is available too. You can access trading anywhere around the world with the mobile application. For those who are always on the go and need to manage their account, this version is exceptionally compact.
Trading Conditions Offered by MTrading
The initial deposit to trade with the broker is $100. This is a little higher than the standard required in the market. The permitted minimum lot size is 0.01. MTrading offers more than 70 assets consisting of currencies. The selection of instruments MTrading provides includes more than 35 Forex currency pairs, ten indices, four spot metal CFDs, three energies, five cryptos, and more than 50 stocks.
MTrading deposit/withdrawal methods and fees
Another convenient way to deposit up to $ 14,500 is via debit credit cards, such as Visa and MasterCard. Fees for deposits and withdrawals are 2.5%.
Depositing money via Neteller is a fast and easy way to withdraw money. Processing time is within 24 hours, and fees are at 1%.
Skrill is also a fast and convenient way to withdraw money. Processing time for withdrawals is within 24 hours, with a fee of 1%.
Depositing money via Prepaid Card is a convenient way to combine funds quickly as well.
Standard banking systems are available as supported payment methods for transferring funds. However, it would have been better if they provided more options.
MTrading does not accept third-party payments. All funds that are placed into your trading account must be under the name of your MTrading trading account.
The broker fees can change and vary, so you should ensure to check all the latest info before opening an account for trading.
Account types on MTrading
Mtrading provides two different account types for novices and experienced traders. There are two available accounts for the traders, and they differ from each other by the minimum deposits, trading instruments, and spread.
Spreads fall within the range of 1 to 1.5 pips on EUR/USD, with a minimum deposit of $100. This account is commission-free. Leverage is the same as the previous account.
Micro lots are only available on the Premium account.
Opening an Account at MTrading
Starting trading at MTrading requires just a few steps. The broker requires you to fill a simple registration form, where you have to provide your name, email address, the country you live in, and your phone number. Then you will receive a request for confirmation on the email. After approval, you will be able to log into the trader’s room. There you can choose an account and a payment method to finance your account. Once it is funded, you can download MetaTrader 4, or launch Web Trader.
Education and training at MTrading
The broker provides materials about trading, terminals, and affiliate programs. The website offers a lot of books, seminars, video lessons, webinars, and real analytics.
MTrading support team is reachable via phone, live chat, and email. They are available during the working days. Even though their representatives can provide the answers you need, it can take a long time until you reach them.
Conclusion: What do we think?
There are a lot of reviews about the broker on the internet. Some traders note positive aspects such as professional analytics, favorable trading conditions, a broad selection of assets, and low spreads. However, there are a lot of negative reviews related to terminal issues, problems with the support team, difficulties during withdrawal of funds, including refusal of withdrawals without any explanation. The responses MTrader customers gave not only changed the broker’s rating but gave warning to the market players of possible problems they may face.