If you’re searching for a reliable Forex and CFD broker, you may have come across MTrading. In this detailed MTrading review, we will examine its features, trading conditions, pros and cons, and whether it’s a good choice for traders.
MTrading Overview
MTrading is an online brokerage firm that offers trading services in Forex, commodities, indices, and cryptocurrencies. The broker provides traders with access to the global financial markets through MetaTrader 4 (MT4) and MetaTrader 5 (MT5), two of the most popular trading platforms in the industry.
MTrading is known for its competitive spreads, multiple account types, and various trading tools. But is it the right broker for you? Let’s find out.
Key Features of MTrading
1. Trading Platforms: MT4 & MT5
MTrading supports both MetaTrader 4 (MT4) and MetaTrader 5 (MT5), which are widely used by traders worldwide. These platforms offer:
- Advanced charting tools
- Automated trading (Expert Advisors)
- Multiple order types
- Custom indicators
2. Account Types
MTrading offers different account types to suit various trading styles:
- Standard Account – Best for beginners, with fixed spreads.
- ECN Account – Offers tighter spreads with commission-based pricing (ideal for scalpers).
- Crypto Account – Designed for cryptocurrency traders.
3. Trading Instruments
You can trade a variety of assets, including:
- Forex (EUR/USD, GBP/USD, etc.)
- Commodities (Gold, Oil, Silver)
- Indices (S&P 500, NASDAQ)
- Cryptocurrencies (Bitcoin, Ethereum)
4. Spreads and Fees
MTrading offers competitive spreads, starting from 0 pips on ECN accounts. However, commissions may apply depending on the account type.
5. Leverage
Leverage goes up to 1:1000, which is higher than many brokers. While this can increase profits, it also raises risk, so use it carefully.
6. Deposit & Withdrawal Methods
MTrading supports multiple payment options, including:
- Bank Transfers
- Credit/Debit Cards
- E-wallets (Skrill, Neteller, etc.)
- Cryptocurrencies
Withdrawals are usually processed within 24 hours, but bank transfers may take longer.
7. Customer Support
MTrading provides 24/5 customer support via:
- Live Chat
- Phone
Their support team is responsive, but some users report delays during peak times.
Pros and Cons of MTrading
Pros:
✅ Multiple account types for different traders
✅ High leverage (up to 1:1000)
✅ Low spreads (from 0 pips on ECN accounts)
✅ Supports MT4 and MT5
✅ Fast withdrawals
Cons:
❌ No regulatory oversight (high risk for traders)
❌ Limited educational resources
❌ Inactivity fees apply
Is MTrading Safe and Legit?
One major concern is that MTrading is not regulated by top financial authorities like the FCA, ASIC, or CySEC. This means traders have less protection in case of disputes.
If safety is your priority, consider a regulated broker instead. However, if you’re comfortable trading with an unregulated broker, MTrading offers competitive conditions.
MTrading vs Other Brokers
Compared to brokers like XM, IC Markets, or Pepperstone, MTrading stands out with higher leverage and tight spreads. However, the lack of regulation is a significant drawback.
Final Verdict – Should You Trade with MTrading?
MTrading is a decent broker for experienced traders who want high leverage and low spreads. However, due to its lack of regulation, beginners and risk-averse traders should be cautious.
Who Should Use MTrading?
✔ Experienced traders who understand risks
✔ Scalpers & high-leverage traders
✔ Crypto traders
Who Should Avoid MTrading?
✖ Beginners needing strong regulation
✖ Traders who prefer insured funds
Conclusion
In this MTrading review, we’ve covered its features, fees, pros, and cons. While it offers good trading conditions, the lack of regulation is a red flag.
If you prioritize safety, consider a regulated broker. But if you’re comfortable with higher risk for better leverage and spreads, MTrading could be worth a try.
