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Company Name:
ServiceComsvg LtdCompany Abbreviation:
MTradingPlace of registration:
Regulatory Status:
No RegulatoryCustomer Service Email Address:
support@mtrading.comCustomer Service Phone Number:
+357 220 241 66Company summary
MTrading is an online broker established in 2012 to provide investors with easy and convenient access to currency, stock, commodity, and index trading services. MTrading offers a market-leading platform and excellent trading conditions for a diverse client base, with over ten offices and 250,000 clients worldwide. MTrading is currently not subject to any effective regulation. About MoreWarning: Low score, please stay away!
Previous Detection: 2021.04.22 Risk: 1 Item
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My friend transferred the money to my account but the system tested that this is money laundering. So my account was frozen. If I wanna unfreeze my account, I should pay margin $10,000. The customer service said the margin would be returned as soon as my account was unfrozen. But they didn’t return my margin after I depositing, nor could the funds be withdrawn.
They cheated me and said the withdrawal can arrive in 1-3 days. But after three days, they said I have to wait until afternoon. Then, they said they had transferred but the withdrawal was suspended and I have to pay $3,000
MTrading raised the oil price by manipulation, with slippage sitting. How can I make withdrawals? I have made a loss of $4000 or so.
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The data are from WIKI Research
2021.04.22 updated
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Basic Information & Regulation of MTrading
MTrading is an online broker established in 2012 to provide investors with easy and convenient access to currency, stock, commodity, and index trading services. MTrading offers a market-leading platform and excellent trading conditions for a diverse client base, with over ten offices and 250,000 clients worldwide. MTrading is currently not subject to any effective regulation.
Safety Analysis of MTrading
The most vital part of the safety of a brokerage firm lies in its regulation.
MTrading is currently an unregulated broker, which means that the safety of investors' funds and trading activities on the MTrading platform are not effectively protected. Therefore, it is best for investors to stay away from this MTrading Forex broker.
Market Instruments
Investors can trade Forex currency pairs, indices, commodities, and stocks on the MTrading platform.
Accounts & Leverage of MTrading
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, and the maximum trading leverage is up to 1:1000.
Spreads & Commissions of MTrading
The spreads on Premium accounts start at 1.0 pips, 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 Platforms Available of MTrading
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 and Withdrawal
MTrading supports traders to deposit and withdraw funds through various convenient methods such as VISA, MasterCard, Skrill, Wire Transfer, Maybank, QIWI, Neteller, Perfect Money, Local Exchanger, etc.
Pros & Cons of MTrading
The main advantages of Mtrading are:
1. Two account types available
2. Competitive spreads
3. MT4 trading platform
4. Multiple deposit and withdrawal options
The main disadvantages of Mtrading are:
1. No regulation
2. Fewer tradable assets
3. Excessive leverage settings (risky)
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