MTrading Information

MTrading was started in 2012 and is based in Saint Vincent and the Grenadines. It is regulated by the FCA (UK) through MONETRIX LTD. It has a lot of different trading instruments, like forex, commodities, crypto, indices, and CFDs. It also has account types for both new and experienced traders, and you can use several platforms such as MT4, MT5, and WebTrader.

Pros and Cons

Is MTrading Legit?

Yes, MTrading holds a general registered license from the Financial Conduct Authority (FCA) of the United Kingdom, with the licensed business MONETRIX LTD, having a Common Business Registration license, license number 16198039.

What Can I Trade on MTrading?

MTrading has a lot of tradable assets, such as forex currency pairs, commodities, cryptocurrencies, indices, stocks, and CFDs.

Account Type

There are three primary types of live accounts at MTrading: All In Price (MT5), M.Premium (MT4), and M.Pro (MT4). The minimum deposit for all accounts is only $10, and the maximum leverage is 1:1000. You can get demo accounts and Islamic (swap-free) accounts if you want.

Leverage

MTrading gives its account types floating leverage of up to 1:1000, which lets traders handle big positions with a small amount of money. However, high leverage makes both possible gains and possible losses bigger, so traders need to be very careful with how they handle their risks.

MTrading Fees

Compared to other companies in the same field, MTrading's total trading fees are reasonable. The broker has tight spreads on its M.Pro account, starting at 0 pips, and charges $4 a lot in commissions. Its All-In Price and M.Premium accounts have spreads starting at 1 pip and no extra commission.

Non-Trading Fees

Trading Platform

Deposit and Withdrawal

MTrading does not charge any deposit or withdrawal fees. The minimum deposit is $10.

Deposit Options

FXGiants Information

FXGiants is a broker. The tradable instruments include forex, metals, indices, commodities, stocks, and futures. The broker also provides six accounts with a maximum leverage of 1:1000. The minimum spread is from 0.0 pips. FXGiants is still risky due to its clone firm status, high leverage, and bad reviews about wiping out profits.

Pros and Cons

Is FXGiants Legit?

FXGiants is regulated by FCA with license number 585561, but it is a clone firm.

What Can I Trade on FXGiants?

FXGiants offers more than 300 market instruments, including forex, metals, indices, commodities, stocks, and futures.

Account Type

FXGiants has six account types: Live Floating Spread, Live Fixed Spread, Live Zero Fixed Spread, STP/ECN No Commission, STP/ECN No Commission, and STP/ECN Absolute Zero. Traders who want low spreads can choose Live Zero Fixed Spread and STP/ECN Zero Spread accounts, while those who want low leverage can open STP/ECN No Commission, STP/ECN Zero Spread, and STP/ECN Absolute Zero accounts.

FXGiants Fees

The spread starts from 0.0 pipsand the commission is from 0. The lower the spread, the faster the liquidity.

Leverage

The maximum leverage is 1:1000 meaning that profits and losses are magnified 1000 times.

Trading Platform

FXGiants cooperates with the authoritative MT4 trading platform and provides PMAM and VPS Hosting services. Junior traders prefer MT4 over MT5. MT4 provides various trading strategies and implements EA systems.

Deposit and Withdrawal

FXGiants accepts Visa, Wire Transfers, etc. for deposit and withdrawal. However, the official website is inaccessible, so transfer processing times and associated fees are unknown.