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Score

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/10
The WikiFX Score of this broker is reduced because of too many complaints!

MTrading

Saint Kitts and Nevis|5-10 years| Benchmark C|
MT4 Full License|Global Business|Suspicious Overrun|High potential risk|

https://mtrading.com/#

Website

Rating Index

Benchmark

Benchmark

C

Average transaction speed (ms)

544.1

MT4/5

Full License

MTrading-Demo

Russia
MT4
2

Influence

A

Influence index NO.1

Malaysia 8.04
The WikiFX Score of this broker is reduced because of too many complaints!

Benchmark

Speed:B

Slippage:B

Cost:B

Disconnected:A

Rollover:C

MT4/5 Identification

MT4/5 Identification

Full License

2
Server Name
MTrading-Demo MT4
Server Location Russia

Influence

Influence

A

Influence index NO.1

Malaysia 8.04

Surpassed 50.89% brokers

Biz AreaSearch StatisticsAdvertisingSocial Media Index

Contact

https://mtrading.com/#
Unit 5, Long Stone House, PO box 1200, Main street, Charlestown, Nevis.
https://www.facebook.com/MTradingGlobal
https://www.linkedin.com/company/mtrading

Licenses

VPS Standard
No restriction on the broker account. Support service provided by WikiFX

Single Core

1G

40G

Open Now

Disclosure

Danger

MY SCM
2023-01-01

Broker Information

More

Company Name

Finvest Solutions Limited

Company Abbreviation

MTrading

Platform registered country and region

Saint Kitts and Nevis

Company website
Facebook
Linkedin

Pyramid scheme complaint

Expose

Check whenever you want

Download App for complete information

Warning: Low score, please stay away! 3
Previous Detection : 2024-05-23
  • It has been verified that this broker currently has no valid regulation. Please be aware of the risk!
  • The United StatesNFA regulation (license number: 0541919) claimed by this broker is suspected to be clone. Please be aware of the risk!

WikiFX Verification

MTrading · Benchmark
Average transaction speed(ms)
544.1
The highest transaction speed(ms)
62 Great
The highest speed of opening positions(ms)
250
The highest speed of closing position(ms)
62 Great
The lowest speed of opening positions(ms)
1984 Poor
The lowest speed of closing position(ms)
1985 Poor
Ranking: 105 / 134
Test user 314
Orders 5,976
Ocuppied margin $274,500 USD
Data Source WikiFX Data provide
Updated: 2024-05-22 01:05:SS

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    MTrading · Company Summary

    Company Summary

    Company profile

    Note: MTradings official site - https://mtrading.com/# is currently not functional. Therefore, we could only gather relevant information from the Internet to present a rough picture of this broker.

    Risk Warning

    Online trading involves significant risk, and you may lose all of your invested capital. It is not suitable for all traders or investors. Please ensure that you understand the risks involved and note that the information contained in this article is for general information purposes only.

    General Information & Regulation

    Feature Detail
    Registered Country/Region Saint Vincent and the Grenadines
    Found 2012
    Regulation unregulated
    Market Instrument forex pairs and CFDs on spot metals, spot energy, cash index and stocks
    Account Type Premium & ECN Pro
    Demo Account N/A
    Maximum Leverage 1:1000
    Spread Vary on the account type
    Commission Vary on the account type
    Trading Platform MT4
    Minimum Deposit $100
    Deposit & Withdrawal Method Visa, MasterCard, Skrill, Neteller, Wire Transfer, Maybank, QIWI, Perfect Money, Local Exchanger, etc

    MTrading, a trading name of ServiceComsvg LLC, is an online broker registered in Saint Vincent and the Grenadines and established in 2012 to provide investors with various trading instruments with flexible leverage up to 1:1000 and floating spreads from 0 pips on the MT4 trading platform via two different live account types.

    As for regulation, it has been verified that MTrading holds an unappointed National Futures Association - NFA license. That is why its regulatory status on WikiFX is listed as “No License” and receives a relatively low score of 1.98/10. Please be aware of the risk.

    General Information & Regulation

    Note: The screenshot date is January 17, 2023. WikiFX gives dynamic scores, which will update in real time based on the broker's dynamics. So the scores taken at the current time do not represent past and future scores.

    Market Instruments

    Investors can trade forex pairs and CFDs on spot metals, spot energy, cash index and stocks on the MTrading platform.

    Account Types

    MTrading offers two different accounts for investors: the Premium Account (minimum deposit of $100) and the ECN Pro Account (minimum deposit of $500). The minimum trade size for both types of accounts is 0.01 lots.

    Leverage

    When it comes to trading leverage, MTrading offers flexible leverage depending on account balances. The maximum trading leverage offered by this broker is 1:1000, which is considered high. Since leverage can magnify profit but also losses, inexperienced traders are not advised to use such a high leverage level.

    Leverage

    Spreads & Commissions

    The spreads on Premium accounts start at 1 pip, and there is no commission on trades, while the spreads on ECN Pro accounts start at 0 pips, and the commission on trades is $3 per lot.

    Trading Platform Available

    MTrading offers traders the most popular MT4 trading platform and MT4 PC, Web, and Mobile, an all-in-one forex trading platform with advanced charting tools, a wide range of custom indicators, and the ability to develop automated trading programs and support for EA trading.

    Deposit & Withdrawal

    Last but not the least, concerning funding options supported by MTrading, this broker offers a series of payment methods, including Visa, MasterCard, Skrill, Neteller, Wire Transfer, Maybank, QIWI, Perfect Money, Local Exchanger, etc.

    There are indeed some fees involved in deposits and withdrawals. Traders who fund accounts through Visa/Mastercard are subject to a fee of 1.5%, depositing via Skrill requires a fee of 3% when withdrawing funds.

    Deposit & Withdrawal

    Customer Support

    You can also follow MTrading on social networks such as Facebook and LinkedIn. Company address: First Floor, First Saint Vincent Bank Ltd. Building, James Street, Kingstown, St. Vincent and the Grenadines. However, this broker doesnt disclose other more direct contact information like telephone numbers that most transparent brokers offer.

    Pros & Cons

    Pros Cons
    • Multiple trading assets and funding options • No regulation
    • MT4 supported • Website inaccessible

    Frequently Asked Questions (FAQs)

    Q 1: Is MTrading regulated?
    A 1: No. It has been verified that MTrading holds an unappointed National Futures Association - NFA license.
    Q 2: Does MTrading offer the industry-standard MT4 & MT5?
    A 2: Yes. MTrading supports MT4.
    Q 3: What is the minimum deposit for MTrading
    A 3: The minimum initial deposit at MTrading to open an account is $100.
    Q 4: Does MTrading charge a fee?
    A 4: Like every forex broker, MTrading charges a fee when you trade - either in the form of a commission fee or spread fee. It also charges some deposit and withdrawal fees, depending on your payment method.
    Q 5: Is MTrading a good broker for beginners?
    A 5: No. MTrading is not a good choice for beginners. Not only because of its unregulated condition, but also because of its inaccessible website.

    News

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    WikiFX Review: Why does MTRADING catch many investors’ attention recently?

    NewsWikiFX Review: Why does MTRADING catch many investors’ attention recently?

    2022-05-31 17:10

    Established in 2012, MTRADING is an online forex broker offering a wide range of financial products to its clients all over the world. However, WikiFX received a couple of complaints related to this broker. One question has been raised: Is this broker really trustworthy? WikiFX made a comprehension review on this broker to help you better understand the truth, we will analyze the reliability of this broker from specific information, regulation, exposure, etc.And you should not miss it.

    WikiFX
    2022-05-31 17:10
    News
    WikiFX Review: Why does MTRADING catch many investors’ attention recently?

    User Reviews

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    User comment

    13

    Comments

    Write a review

    FX1669671053
    more than one year
    Their spred and deposit is great but can't really say the same for the withdrawal. my deposit took less than 5 min. now my withdrawal has been pending for hours and is making me to start doubting thier credibility. considering the fact that its crypto which is the fastest option of any other firms and brokers in both deposit and withdrawal.
    2024-04-30 13:47
    Reply
    0
    0
    Guys, you have to check a game-changer among trading platforms, it is a MT4 Supreme from the MTrading broker. It is like MetaTrader 4 but with so many powerful charting tools and indicators along with some unique features like Mini Terminal and Trade terminal. DIfferent account types each with distinct features. Do not hesitate to give it a try
    2024-03-01 17:50
    Reply
    0
    0
    Tracey
    more than one year
    Salutations, fellow traders. I am an active participant in the trading market and have savored the fruits and pitfalls of MTrading. They have carved a niche for a wide array of trading instruments, from commodities, stocks, cryptocurrencies, to indices, providing an engaging platform for traders of varied interests. The low minimum deposit of $10 is indeed an advantage. However, the high leverage of up to 1:1000, while potentially lucrative, requires prudent risk management strategies to avoid major setbacks.
    2023-12-01 10:40
    Reply
    0
    0
    Starrr
    more than one year
    Greetings, esteemed colleagues in trading. I'm a seasoned trader who has had the opportunity to navigate the financial seas with MTrading. Despite their lack of effective regulation, their well-mapped trading instruments - from Forex pairs to indices - provides an exciting trading adventure for any serious trader. Their MT4 platform and mobile app offer seamless navigation, making trading significantly convenient. MTrading's provision for minimum initial deposit of just $10 lowers the entry barriers for novice traders.
    2023-11-30 17:59
    Reply
    0
    0
    Dung6910
    6-12months
    MTrading is a very “real” platform! Thanks to chatting with a real person via live chat, I got a lot of help, the support guys are very knowledgeable about the product. For me, the support team at MTrading is very reliable, well trained and has never let me down.
    2023-07-12 17:58
    Reply
    0
    0
    Arnav1
    6-12months
    I had a really good experience with the MT4 platform, trade execution was brilliant, and spreads were decent. I will definitely use MTrading in the future for all my trading, thank you MTrading for the opportunity.
    2023-07-12 17:52
    Reply
    0
    0
    源3119
    more than one year
    I have learned a lot from this platform when I was just starting out in forex trading. MTrading was the first broker I traded with. I love its transparent fees structures and professional customer support.
    2023-02-22 18:38
    Reply
    0
    0
    Felix Sin
    more than one year
    Bad broker very very bad!!! I suffered a lot of losses, this broker did not give me my money back. The withdraw button is missing and I can't access my account at MTrading.
    2023-02-14 16:36
    Reply
    0
    0
    You9850
    more than one year
    I'm very impressed with the service here. There are many products that meet investment needs. and have experts and analysts who understand the market very well answer my investment questions And I have never encountered any problem of cheating or corruption. Take a look and decide for yourself.
    2023-02-13 11:36
    Reply
    0
    0
    五福
    more than one year
    A friend on a foreign exchange forum once highly recommended this trader, saying that he made a lot of money on this platform. But I checked the supervision information of this platform and found that it is not subject to any supervision at all. The previous experience of being cheated told me that I must not trade with unregulated traders, otherwise I will suffer heavy losses!
    2022-12-15 09:59
    Reply
    0
    0
    王俊為
    more than one year
    I have been scammed almost $10,000, I hope more people can see my review and stay away from this scammer. They declined my withdrawal request for various reasons and also claimed to freeze my account to investigate my suspicious behavior.
    2022-11-28 18:11
    Reply
    0
    0
    FX1051578454
    more than one year
    I feel very disappointed with them. Their account manager is not professional at all. They gave me the wrong advice and made me lose a lot. I will never trade or trust them anymore. They don’t deserve me wasting my time!
    2022-11-27 14:42
    Reply
    0
    0
    FX1061014294
    more than one year
    Just yesterday, I opened six purchase trades, all of which were profitable; I used stop losses on all of them, but my account was wiped out by a sudden bearish trend. After contacting customer support, I was promptly blocked and am now unable to access my own account.
    2022-11-26 23:11
    Reply
    0
    0
    7
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