Registered in	Saint Kitts and Nevis
Regulated by	No effective regulation at this time
Year(s) of establishment	5-10 years
Trading instruments	Forex pairs, commodities, stocks, cryptocurrencies, indices
Minimum Initial Deposit	$10
Maximum Leverage	1:1000
Minimum spread	0.0 pips onwards
Trading platform	MT4 and its own mobile application
Deposit and withdrawal method	electronic payment systems, bank cards, and wire transfer options
Customer Service	Email, phone number, address, live chat
Fraud Complaints Exposure	Yes
Negative balance protection	Yes

It is important to note that the information provided in this review may be subject to change due to the constant updating of the company's services and policies. In addition, the date on which this review was generated may also be an important factor to consider, as information may have changed since then. Therefore, readers are advised to always verify updated information directly with the company before making any decision or taking any action. Responsibility for the use of the information provided in this review rests solely with the reader.

In this review, if there is a conflict between the image and the text content, the text content should prevail. However, we recommend that you open the official website for further consultation.

Pros and cons of MTrading

Pros:

• Wide range of trading instruments, including currencies, stocks, cryptocurrencies, indices, commodities and other highly liquid financial assets.

• Low account opening requirements, with the ability to start trading with as little as $10 on the M.Cent account.

• Flexible and convenient deposit and withdrawal options, including a variety of electronic payment systems, bank cards and wire transfer options.

• Copy trading features allow novice traders to learn from experienced traders and potentially increase profits.

• Educational resources such as articles, news and technical analysis are available to help traders stay informed and make more informed decisions.

Cons:

• Customer support may not be able to provide quick responses due to the high volume of requests.

• Limited options for contacting customer support, with only a few social media accounts and an online chat button available.

• Limited educational resources compared to some other brokers in the market.

• Limited trading platforms available, with only MT4 and a mobile application offered.

• The high maximum leverage of up to 1:1000 can increase the risk of losses for traders who are not experienced with high leverage trading.

What type of broker is MTrading？

Advantages	Disadvantages
MTrading offers tight spreads and fast execution due to its Market Making model.	As a counterparty to its clients' trades, MTrading has a potential conflict of interest that may lead to decisions that are not in the best interest of its clients.

MTrading is a Market Making (MM) broker, which means that it acts as a counterparty to its clients in trading operations. That is, instead of connecting directly to the market, MTrading acts as an intermediary and takes the opposite position to its clients. As such, it can offer faster order execution speed, tighter spreads and greater flexibility in terms of the leverage offered. However, this also means that MTrading has a certain conflict of interest with their clients, as their profits come from the difference between the bid and ask price of assets, which could lead to them making decisions that are not necessarily in the best interests of their clients. It is important for traders to be aware of this dynamic when trading with MTrading or any other MM broker.

General information and regulation of MTrading

MTrading is a global forex and CFD broker that was established in 2013. It is not regulated and offers trading services to both retail and institutional clients. MTrading provides its clients with access to over 100 trading instruments, including forex, commodities, and indices, with flexible leverage options of up to 1:1000. The company offers three types of accounts to cater to different trading needs and experience levels. In addition to its trading services, MTrading also provides educational resources and copy trading capabilities to its clients.

In the following article, we will analyse the characteristics of this broker in all its dimensions, providing you with easy and well-organised information. If you are interested, read on.

Market instruments

Advantages	Disadvantages
A wide range of trading instruments are available, including currencies, stocks, cryptocurrencies, indices, commodities, and other highly liquid financial assets	The lack of regulation makes it difficult to assess the safety of trading with MTrading
The limited information available about the trading instruments and their underlying assets makes it challenging for traders to conduct thorough analysis and risk management
The absence of regulatory oversight may lead to potential conflicts of interest and unethical business practices on the part of the company
The high level of risk associated with some of the trading instruments, such as cryptocurrencies, may not be suitable for all traders and can result in significant financial losses

MTrading offers a diverse selection of trading instruments for traders to choose from. With access to currencies, stocks, cryptocurrencies, indices, commodities, and other highly liquid financial assets, traders have the opportunity to diversify their portfolios and take advantage of market trends across multiple markets. However, the lack of regulation makes it difficult to assess the safety of trading with MTrading. Additionally, the limited information available about the trading instruments and their underlying assets may make it challenging for traders to conduct thorough analysis and risk management. The absence of regulatory oversight may also lead to potential conflicts of interest and unethical business practices on the part of the company. Finally, traders should be aware of the high level of risk associated with some of the trading instruments, such as cryptocurrencies, which may not be suitable for all traders and can result in significant financial losses.

Spreads, commissions and other costs

Advantages	Disadvantages
Competitive spreads on all account types	Commission charged on the M.Pro account
No commission charges on M.Cent and M.Premium accounts
Transparent trading specifications available for all accounts
Low minimum deposit requirements on all account types

MTrading offers competitive spreads on all account types, ranging from 0 pips on the M.Pro account to 1 pip on the M.Cent and M.Premium accounts. The M.Cent and M.Premium accounts do not have any commission charges, while the M.Pro account charges a commission of 4USD per standard lot traded. The trading specifications are transparent and available for all accounts, allowing traders to make informed decisions based on the trading conditions. Another advantage is the low minimum deposit requirements on all account types, which makes trading accessible for a wider range of traders. However, the disadvantage of the commission charge on the M.Pro account may be a consideration for some traders.

Trading accounts available in MTrading

Advantages	Disadvantages
M.Cent account allows for micro lot trading, making it easy for beginners to start trading with just $10.	The low starting capital of M.Cent account means that there is a limit to how much profit can be made.
M.Premium account offers over 100 trading instruments and requires a starting capital of just $100.	The limited account types offered by MTrading may not be suitable for all traders.
M.Pro account provides access to zero spread trading with a commission of $4USD and requires a starting capital of $500.	The zero spread feature of M.Pro account comes with a commission which can increase trading costs.

MTrading offers three different account types to cater to the needs of different types of traders. The M.Cent account is ideal for beginners who are just starting with trading and want to practice with micro lot trading. The M.Premium account offers a wider range of trading instruments and is suitable for traders with some experience who want to trade with larger positions. Finally, the M.Pro account is designed for more experienced traders who want to take advantage of zero spread trading with a commission of $4USD. It is important to note that the low starting capital requirement of M.Cent and M.Premium accounts makes it easy for traders to start trading with MTrading. However, the limited account types offered by MTrading may not be suitable for all traders.

Trading platform(s) that MTrading offers

Advantages	Disadvantages
MT4 is a popular and widely used trading platform that is highly customizable and user-friendly	The company does not offer any other trading platforms besides MT4
MTrading also offers its own mobile trading application for convenient trading on-the-go	The mobile application may have limited features compared to the desktop version of MT4
MT4 supports a wide range of technical indicators, expert advisors, and algorithmic trading strategies	Some traders may prefer a more advanced platform with additional features and tools
MT4 has a large and active online community, which provides access to a wealth of resources, such as forums, educational materials, and custom indicators	The platform may be overwhelming for new traders who are not familiar with its features and functionality

MTrading offers its clients the popular MT4 platform, which is widely used and highly regarded by traders around the world. MT4 is a customizable and user-friendly platform that supports a wide range of technical indicators and trading strategies. The platform also has a large and active online community that provides access to a wealth of resources for traders. In addition, MTrading also offers its own mobile trading application, which provides convenience for traders who need to manage their trades on-the-go. However, some traders may prefer a more advanced platform with additional features and tools, and the mobile application may have limited features compared to the desktop version of MT4.

Here is a video about their own app on their official YouTube channel.

Maximum leverage of MTrading

Advantages	Disadvantages
High Leverage allows for potential higher profits with smaller capital	High leverage can magnify losses, leading to a larger risk of losing capital
Traders can open larger positions with smaller amounts of funds	High leverage requires responsible risk management to avoid significant losses
Leverage can offer more trading opportunities and flexibility	Overuse of leverage can lead to overtrading and emotional decision making

MTrading offers a maximum leverage of up to 1:1000, which is significantly higher than what is typically offered by regulated brokers. While high leverage can offer traders the potential for higher profits with smaller amounts of funds, it can also magnify losses and increase the risk of losing capital. Traders must exercise responsible risk management and avoid overuse of leverage to avoid significant losses. High leverage can offer more trading opportunities and flexibility, but it also requires careful monitoring of positions and market movements. It is important for traders to have a solid understanding of leverage and its potential risks before using it in their trading strategy.

Deposit and Withdrawal: methods and fees

Advantages	Disadvantages
Flexible deposit and withdrawal options	Limited options for certain regions
Variety of electronic payment systems, bank cards, and wire transfer options	Some deposit and withdrawal methods may incur additional fees
Convenient and fast processing time for deposits and withdrawals	Withdrawals may take longer for certain payment methods or in some cases due to regulatory requirements

MTrading offers a wide range of flexible and convenient ways to deposit and withdraw funds. Clients can choose from a variety of electronic payment systems, bank cards, and wire transfer options to make deposits or withdrawals. The processing time for deposits is fast, and the withdrawal processing time depends on the payment method used, with some methods taking longer than others. However, there may be additional fees for certain deposit and withdrawal methods, and some regions may have limited options available. Overall, MTrading provides its clients with a convenient and reliable service for managing their funds.

Educational resources in MTrading

Advantages	Disadvantages
Comprehensive educational resources	No live webinars or educational courses
Free access to articles, news, and technical analysis	Limited resources for beginner traders
Educational resources updated regularly	Limited video resources

MTrading provides a range of educational resources to help traders stay informed and improve their trading skills. The company offers free access to articles, news, and technical analysis, providing a comprehensive overview of the latest trends and market conditions. These resources are updated regularly to ensure traders are always up to date with the latest developments in the financial markets. However, MTrading doesn't offer live webinars or educational courses, which may limit the opportunities for beginner traders to learn and improve their skills. Additionally, the company has limited video resources, which may also be a disadvantage for some traders. Overall, the educational resources offered by MTrading are comprehensive and up to date, providing valuable insights and analysis for traders looking to stay informed and make informed trading decisions.

Copy trading

Advantages	Disadvantages
Can be a time saver for beginner traders	May result in blindly following a strategy without understanding its rationale
Allows access to experienced traders strategies and trades	Copy trading fees can be expensive and add up over time
Reduces emotional trading by removing the need for constant decision making	Copy trading performance is highly dependent on the performance of the trader being copied
Can be customized to fit individual risk preferences	Not all traders are available for copy trading
No need for extensive market knowledge	Copy trading may not be suitable for all trading styles and preferences

MTrading offers the copy trading feature, which allows traders to automatically replicate the trades of experienced traders on the platform. This feature can be beneficial for beginner traders who lack the necessary skills and knowledge to make profitable trades independently. Copy trading can be customized to fit individual risk preferences and can reduce emotional trading by removing the need for constant decision making. However, copy trading comes with its own set of disadvantages, such as blindly following a strategy without understanding its rationale, copy trading fees that can add up over time, and copy trading performance being highly dependent on the performance of the trader being copied. Therefore, traders need to carefully consider the pros and cons of copy trading before deciding to use this feature.

Customer service of MTrading

Advantages	Disadvantages
Comprehensive FAQ section	Limited customer service channels
Efficient social media presence	Response time may be slow due to high volume of inquiries
Online chat available for assistance	Limited availability for personalized support

There are only a few social media accounts, an online chat button, and an extensive FAQ section available for customer care on MTrading. While the FAQ section is detailed and informative, the lack of multiple contact options may not be enough for some clients who require immediate assistance. The support team's response time may be slow due to the large volume of requests.

Conclusion

MTrading appears to be a reputable online broker that offers a wide range of trading instruments, flexible account types, and platforms suitable for both novice and experienced traders. The company also provides various educational resources such as articles, news, and technical analysis to assist traders in making informed decisions. The leverage offered by MTrading is also high, up to 1:1000, allowing traders to increase their potential profits. However, the lack of transparency regarding its regulation status and the limited customer support channels may be a concern for some traders. Overall, MTrading seems to be a good option for traders seeking a diverse range of trading options and educational resources.

Frequently asked questions about MTrading

• Is MTrading a regulated broker？

• No, MTrading is not regulated by any financial authority. However, it is registered in Saint Kitts and Nevis.

• What is the minimum deposit to open an account with MTrading？

• The minimum deposit for M.Cent account is only $10, for M.Premium account is $100 and for M.Pro account is $500.

• What trading platforms are available at MTrading？

• MTrading offers MetaTrader 4 (MT4) and its own mobile application for trading.

• Does MTrading offer copy trading？

• Yes, MTrading provides copy trading for its clients.

• How can I deposit and withdraw funds with MTrading？

• MTrading provides a variety of electronic payment systems, bank cards, and wire transfer options for deposit and withdrawal of funds. The company also allows internal transfers between accounts of its clients.

Aspect	Information
Registered Country/Area	Australia
Founded Year	5-10 years ago
Company Name	FX Corp Pty Ltd
Regulation	Regulated in Australia by ASIC
Minimum Deposit	Not specified
Maximum Leverage	Not specified
Transaction Fees	Transaction fees vary based on the type of transfer and payment network used (e.g., $60 for SWIFT transfers)
Trading Platforms	No trading software available
Products	Spot contracts, Forward Exchange Contracts (FECs)
Account Types	Not specified
Customer Support	Phone support available, physical office in Sydney, Australia

General Information of FX Corp

FX Corp is a regulated financial services provider offering a range of foreign exchange solutions to individuals and businesses. With its headquarters in Sydney, Australia, the company operates under the regulatory oversight of the Australia Securities & Investment Commission (ASIC).

For individuals, FX Corp facilitates international payment services for various purposes, including real estate transactions, luxury goods purchases, investments, inheritance management, overseas income handling, and mobile payments. Their goal is to provide efficient and secure solutions for conducting international transactions in these areas.

For businesses, FX Corp specializes in commercial foreign exchange services, catering to diverse industries. Whether it's a small online retailer or a growing global company, FX Corp aims to streamline payment processes and provide tailored solutions to meet their specific needs. The company's expert team works closely with businesses, enhancing their foreign exchange capabilities and offering valuable insights for successful expansion into new markets.

FX Corp offers a range of foreign exchange products to align with businesses' goals and requirements. These include spot contracts, which involve immediate purchase or sale of foreign exchange at prevailing rates, and forward exchange contracts (FECs), which allow businesses to lock in exchange rates for future dates to manage currency risk.

Customer support at FX Corp is available through phone communication, and their office in Sydney serves as a physical location for face-to-face interactions when needed.

While FX Corp is regulated and holds a license from ASIC, it's important for potential clients to consider the associated risk alert and conduct thorough research before engaging with the company.

Pros and Cons

FX Corp, a regulated financial services provider based in Australia, offers international payment services and foreign exchange solutions to individuals and businesses. While the company has certain advantages, it's essential to consider the associated risks and drawbacks. One of the pros of FX Corp is its legitimacy as a regulated entity under the Australia Securities & Investment Commission (ASIC), providing a level of trust and compliance with industry regulations. Additionally, the company offers competitive exchange rates, low transaction fees, and convenient international money transfer services. However, there are some cons to consider. Firstly, there is a risk alert associated with FX Corp, indicating potential risks and a negative field survey review. Moreover, the available information suggests a lack of functional trading software. Traders should exercise caution, conduct thorough research, and consider alternative options before engaging with this broker.

Here is a table summarizing the pros and cons of FX Corp:

Pros	Cons
Regulated by the Australia Securities & Investment Commission (ASIC)	Risk alert associated with the broker
Offers international payment services and foreign exchange solutions	No information provided about trading software
Tailored payment processes

Is FX Corp Legit？

FX Corp Pty Ltd, also known as FX Corp, is a regulated entity. It is regulated by the Australia Securities & Investment Commission (ASIC) in Australia. The company holds a full license under the authority of ASIC with the license number 459050. The license was granted to FX Corp Pty Ltd on October 30, 2014.

The regulatory status confirms that FX Corp Pty Ltd operates under the regulations and oversight of ASIC, ensuring compliance with the applicable rules and regulations in the financial industry.

However, it is important to note that there is a risk alert associated with this broker. The risk alert indicates that the broker has received one negative field survey review, which raises concerns about potential risks and the possibility of a scam. Additionally, the current information suggests that the broker does not have a trading software.

Traders should exercise caution and conduct thorough research before engaging with this broker. It is advisable to assess the risks involved and consider alternative options based on the available information and personal circumstances.

How to open and Account？

To open an account with FX Corp, follow these steps:

1. Visit the FX Corp website and locate the “OPEN ACCOUNT” button.

2. Click on the button to initiate the account opening process.

3. You will be directed to a form that needs to be completed.

4. Fill in your personal details, including your name (first name and last name), company (if applicable), website (if applicable), email address, and phone number.

5. Optionally, you may provide additional comments or information relevant to your account opening.

6. If you wish to receive updates and information from FX Corp, you can choose to subscribe to their mailing list.

7. Once you have entered all the required information, review the details for accuracy.

8. Click on the submit or send button to complete the form.

9. A Relationship Manager from FX Corp will be in touch with you shortly to guide you through the remaining steps of the account opening process.

International Money Transfers

FX Corp's international transfer service is available in 60 currencies for over 80 international/regional locations worldwide, with payments to most countries/regions taking 1-2 business days. There are two most common payment networks in the global payments arena, the SWIFT and the Automated Clearing House (ACH), with the former requiring a $60 transaction fee.

Pros	Cons
Transfers to over 80 international and regional locations	Risk alert associated with the broker
Low transaction fees	Lack of functional trading software
Option to pay in local currency	Limited information about payment networks used
Secure payment processes	Transaction fees for SWIFT transfers

Commercial

FX Corp offers commercial foreign exchange solutions for businesses operating in various industries, ranging from small online retailers to fast-growing global companies. They understand the challenges faced by businesses expanding geographically and aim to provide tailored and modernized payment processes to meet their needs.

To support businesses in achieving their goals, FX Corp operates at the forefront of the foreign exchange services landscape. They have extensive experience working with businesses in different industries, similar to the ones they serve. By leveraging their expertise, FX Corp can enhance and improve the existing setup of businesses, helping them optimize their foreign exchange capabilities.

FX Corp's dedicated relationship managers play a crucial role. These managers keep businesses updated on the latest developments in foreign exchange and ensure that their FX capabilities remain adaptable to changing market conditions. They offer insights, advice, and support that are critical for the success of businesses' expansion plans into new markets.

FX Corp Personal

FX Corp provides international payment services for individuals buying and selling real estate, buying and selling luxury goods, investments, inheritance, overseas income, mobile, etc. The personal services offered by FX Corp focus on providing international payment solutions for individuals. These services cater to various needs such as buying and selling real estate, buying and selling luxury goods, managing investments, handling inheritances, managing overseas income, and facilitating mobile payments. FX Corp aims to assist individuals in efficiently and securely conducting international transactions related to these areas.

FX Corp Products

FX Corp offers a range of foreign exchange products to align with businesses' specific goals and requirements. These products can be utilized simultaneously for different projects based on factors such as profit margin or time to completion. It is important for finance teams, who often face time constraints and pressure to meet reporting and accounting deadlines, to carefully consider FX transactions and products.

FX Corp specialists are available to assist finance teams in selecting suitable FX products while ensuring they can manage their other responsibilities effectively. By leveraging FX Corp's resources and experience, businesses can choose products that maximize their chances of success and minimize the impact of unfavorable currency movements.

Spot Contracts: One of the basic and commonly used FX products is the spot contract. Spot payments involve a binding obligation to buy or sell a specific amount of foreign exchange for fast delivery. These transactions are conducted at the prevailing live spot rate and typically settle within two business days.

Forward Exchange Contracts (FECs): FX Corp also offers forward foreign exchange contracts (FECs), which allow businesses to “lock in” an exchange rate for a specific date in the future. The forward rate for an FEC is calculated based on the current spot rate, time to maturity, and the interest rate differential between the two currencies involved. FECs provide businesses with greater certainty for forecasting costs or profits without the need to pre-purchase currency and deplete their cash flow. While a deposit may be required, the full payment of the contract amount is not necessary until the maturity date.

Pros	Cons
Forward exchange contracts offer rate certainty	Lack of information on minimum deposit and leverage
Low transaction fees	No mention of specific account types or options
Spot contracts provide immediate delivery	No trading software mentioned

Customer Support

FX Corp provides customer support through various channels. The primary contact method is through phone, and customers can reach their customer support team at the phone number 02 8076 9535. This phone support allows customers to directly communicate with FX Corp's representatives to address their inquiries, concerns, or seek assistance regarding their services.

Additionally, FX Corp has a physical office located in Sydney, Australia. The office is situated at Level 14, 1 Castlereagh Street, Sydney, NSW, 2000. Customers can visit the office in person if they prefer face-to-face interactions or have specific needs that require an in-person meeting.

Conclusion:

In conclusion, FX Corp Pty Ltd offers international payment services and foreign exchange solutions to businesses and individuals. As a regulated entity, it operates under the oversight of the Australia Securities & Investment Commission (ASIC), providing a level of legitimacy. However, it is important to note the risk alert associated with this broker, indicating potential risks and a lack of functional trading software. While FX Corp offers competitive exchange rates, low transaction fees, and convenient international money transfer services, traders should exercise caution, conduct thorough research, and consider alternative options before engaging with this broker.

FAQs

Q: Is FX Corp a legitimate broker？

A: Yes, FX Corp is a regulated entity and holds a full license from the Australia Securities & Investment Commission (ASIC).

Q: How can I open an account with FX Corp？

A: To open an account, visit the FX Corp website and click on the “OPEN ACCOUNT” button. Fill out the required form with your personal details, and a Relationship Manager will contact you to guide you through the rest of the process.

Q: What international money transfer services does FX Corp offer？

A: FX Corp provides international money transfer services in 60 currencies to over 80 international and regional locations. They offer competitive exchange rates, low transaction fees, and the option to pay in local currency.

Q: What products does FX Corp offer for businesses？

A: FX Corp offers spot contracts and forward exchange contracts (FECs) as foreign exchange products for businesses. Spot contracts involve fast delivery of foreign exchange at the prevailing spot rate, while FECs allow businesses to lock in an exchange rate for future transactions.

Q: What services does FX Corp offer for individuals？

A: FX Corp provides international payment solutions for individuals, including services for buying and selling real estate, luxury goods, investments, handling inheritances, managing overseas income, and facilitating mobile payments.

Q: How can I contact FX Corp for customer support？

A: You can reach FX Corp's customer support team by phone at 02 8076 9535. They also have a physical office located at Level 14, 1 Castlereagh Street, Sydney, NSW, 2000.