Global Broker governance & inquiry App

Score

0123456789
.
0123456789
0123456789
/10

MTC5

United States|Within 1 year|
Suspicious Regulatory License|Suspicious Scope of Business|Suspicious Overrun|High potential risk|

https://official.mtcfive.com

Website

Rating Index

Contact

https://official.mtcfive.com

Licenses

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

Single Core

1G

40G

Open Now

Check whenever you want

Download App for complete information

Warning: Low score, please stay away! 3
Previous Detection : 2024-03-04
  • It has been verified that this broker currently has no valid regulation. Please be aware of the risk!
  • The United StatesNFA regulation (license number: 0559399) claimed by this broker is suspected to be clone. Please be aware of the risk!

WikiFX Verification

Users who viewed MTC5 also viewed..

XM

9.04
Score
10-15 yearsRegulated in AustraliaMarket Making(MM)MT4/5 full license
Official website

AUS GLOBAL

7.54
Score
5-10 yearsRegulated in CyprusMarket Making(MM)MT4/5 full license
Official website

Exness

8.32
Score
10-15 yearsRegulated in CyprusMarket Making(MM)MT4/5 full license
Official website

IC Markets

8.92
Score
10-15 yearsRegulated in AustraliaMarket Making(MM)MT4/5 full license
Official website

MTC5 · Company Summary

MTC5 Review Summary
Registered Country/Region United States
Regulation NFA (Unauthorized)
Market Instruments Foreign, Futures, etc.
Demo Account N/A
Leverage N/A
Spread N/A
Commission No
Trading Platforms Web Trading and App Available
Minimum Deposit N/A
Customer Support Contact Form

What is MTC5?

MTC5 is a financial institution registered in the United States. However, they currently hold an “unauthorized” status under the National Futures Association (NFA). Investors and potential clients are advised to exercise caution and carry out thorough research before engaging in business with MTC5.

MTC5's homepage

Pros & Cons

Pros Cons
  • No Commission Charged
  • Unauthorized Regulation
  • App Available
  • Very Limited Customer Service

Pros

  • No Commission Charged: MTC5 does not charge any commission, which reduces the cost of trading for its clients.

  • App Available: They offer mobile apps for both iOS and Android devices, allowing clients to trade conveniently from anywhere, at any time.

Cons

  • Unauthorized Regulation: MTC5 is currently unauthorized by the National Futures Association, necessitating caution and thorough research before conducting business with them.

  • Very Limited Customer Service: The company provides very limited customer service, making it potentially challenging for clients to receive swift assistance or resolve issues promptly.

Is MTC5 Safe or Scam?

  • Regulatory Sight: MTC5 is currently unauthorized by the National Futures Association, a regulatory agency based in the United States. Despite holding a Common Financial Service License, license number 0559399, MTC5 is not operating in accordance with the regulatory standards of the institution. This suggests a need for caution when dealing with MTC5.

unauthorized NFA license
  • User Feedback: Users should check the reviews and feedback from other clients to gain a more comprehensive sight of the broker, or look for reviews on reputable websites and forums.

  • Security Measures: MTC5 employs advanced encryption technology as part of its security measures to safeguard both transaction data and personal information. This protects the confidentiality of their traders' information, providing a secure and reliable trading environment.

Market Instruments

MTC5 offers a range of market instruments for their clients to engage with. These primarily include Foreign trading with a variety of currency pairs including, but not limited to, EURNZD, GBPAUD, EURNZD, GBPNZD, GBPUSD, AUDUSD, and USDCHF. They also provide opportunities to trade in Futures. This diverse offering allows traders to adopt a wide range of trading strategies based on their knowledge and preferences.

Account Types

  • Standard Account: This is a feature-rich account with zero fees designed to address the varied needs of contemporary traders. This account type offers an array of benefits making it a popular choice among clients.

  • Professional Account: This is tailored for sophisticated traders, especially those who prefer ultra-short-term or algorithmic trading. Operating on the naked point model, it promises zero point difference and zero commission, offering flexibility and freedom for clients to manage their trading strategies.

Account Types

Trading Platform

MTC5 offers a flexible trading platform that is accessible via web trading and mobile applications. The platform is compatible with both iOS and Android devices which allows traders to engage in trading anytime, anywhere. This convenient access to market trading via mobile phones or tablets ensures a swift and efficient trading experience for all MTC5 clients.

Conclusion

MTC5 offers a versatile trading environment with a range of market instruments and the convenience of mobile trading applications. However, their current unauthorized status under the National Futures Association (NFA) and the very limited customer service highlight potential areas of concern, requiring potential customers to exercise caution and undertake thorough research when considering engagement.

Frequently Asked Questions (FAQs)

Q: Does MTC5 charge a commission?

A: No, MTC5 does not charge any commission on trades.

Q: Is MTC5 regulated?

A: MTC5 is registered with the National Futures Association (NFA) but holds an “unauthorized” status.

Q: What types of accounts can I open with MTC5?

A: MTC5 offers a Standard Account and a Professional Account to cater to different trading needs.

Q: How does MTC5 ensure the security of my data?

A: MTC5 uses advanced encryption technology to ensure the security and confidentiality of transaction data and personal information.

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 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.

Broker Information

Company Name

MTC5

Company Abbreviation

MTC5

Regulatory Status

Suspicious Clone

Platform registered country and region

United States

Phone of the company

--

Twitter

--

Facebook

--

Instagram

--

YouTube

--

Company address

--

Linkedin

--

WhatsApp

--

QQ

--

WeChat

--

Customer Service Email Address

--

Company Summary

User Reviews

Sort by content

  • Sort by content
  • Sort by time

User comment

3

Comments

Write a review

HANAI
0-3months
Romance?
2024-01-12 08:18
1
0
0
dida
more than one year
Just gave MTC5 a shot. UI is pretty easy to get the hang of, but man, it gets slow with bigger data. Missed some cool features I was hoping for, and their customer support? Slow as molasses. Good for simple stuff, but not my go-to for the heavy data lifting.
2023-12-19 18:33
Reply
0
0
TOP
Select Country/District
United States
※ The content of this website abides with local laws and regulations.
You are visiting the WikiFX website. WikiFX Internet and its mobile products are an enterprise information searching tool for global users. When using WikiFX products, users should consciously abide by the relevant laws and regulations of the country and region where they are located.
consumer hotline:006531290538
Official Email:support@wikifx.com;
Mobile Phone Number:234 706 777 7762;61 449895363
Telegram:+60 103342306
Whatsapp:+852-6613 1970;
License or other information error corrections, please send the information to:qawikifx@gmail.com
Cooperation:fxeyevip@gmail.com