MTrading Review: Unveiling a Unique Broker, Pros & Cons and In-Depth Analysis

MTrading Review: Unveiling a Unique Broker, Pros & Cons and In-Depth Analysis

MTrading stands as an unconventional broker, allowing investment in forex, indices, stocks, and commodities. The MT4 platform, replete with various add-ons and unique features, is at the heart of their service. In this article, we'll delve into the intricacies of MTrading, encompassing aspects such as minimum deposits, withdrawals, spreads, leverage, and more, providing you with a comprehensive understanding to decide if an MTrading account is right for you.

Unveiling MTrading

Established in 2012, MTrading has since expanded its presence to encompass ten offices worldwide, boasting a customer base exceeding 250,000 traders. The company primarily caters to regions like Africa, Latin America, and Asia, with clients in countries such as Nigeria, Thailand, Malaysia, and beyond.

However, it's essential to note that MTrading operates without regulation from any governing body, and its headquarters are situated in St. Vincent and the Grenadines. Nevertheless, they do offer a limited range of instruments, complete with excellent tools, including a remarkable copy trading service.

One significant caveat to consider is that potential clients from the United States, United Kingdom, Australia, and several other countries are not eligible for account registration.

Trading Platforms

MTrading presents its clients with a variety of trading platforms to cater to diverse user needs:

MetaTrader 4 (MT4)

MTrading provides the well-acclaimed MT4 solution for forex and CFD investments, offering traders a host of features, including one-click trading, multiple order types, multi-timeframe charts, automated trading via Expert Advisors (EAs), compatibility with Windows and Mac, dozens of technical indicators, and customizable user interfaces for bespoke chart analysis.

MetaTrader 4 Multi-Terminal

This platform shares a similar interface with MT4 and allows the simultaneous management of multiple accounts. It also provides a wide range of drawing and charting analysis tools, facilitating the tracking of pending orders and live prices on multiple screens.

MetaTrader 4 Supreme Edition

Catering to more experienced traders, this platform offers powerful trading tools, advanced pattern recognition technology, day trading strategy insights, and a plethora of technical analysis indicators. It's designed to suit the needs of expert traders.

MTrading WebTrader

MTrading's web-based platform boasts a range of risk management tools, including stop-outs, easy-to-use trade management tools, a straightforward forex pip calculator, a decent range of indicators, and the added benefit of not requiring any downloads.

Diverse Markets

MTrading offers over 100 instruments and assets for online investing, comprising 10 indices, 65+ stocks, 60+ major, minor, and exotic currency pairs, as well as 10 commodities, including various energies and metals. However, it's important to note that they do not provide access to cryptocurrencies such as Bitcoin. Furthermore, binary options and futures are also not part of their offering.

Spreads and Commissions

MTrading adopts a zero-commission model for all instruments under the M.Premium account, while the M.Pro account charges $4 per lot. Spreads on popular pairs such as EURUSD (1.2 pips), USDJPY (1.4 pips), and GBPUSD (1.7 pips) are typical, if not the lowest in the market. However, the broker remains transparent in breaking down fees in its contract specifications page.


MTrading offers substantial leverage of up to 1:1000 for both M.Premium and M.Pro accounts. While this offers traders the potential to amplify their positions significantly, it also carries the risk of substantial losses if not accompanied by proper risk management.

Mobile Trading

MTrading extends its services to mobile traders through both M.Premium and M.Pro accounts. Accessible on iOS and Android (APK) devices, clients can trade a full range of MTrading assets, manage deposits and withdrawals, access customer support, and receive push notifications. Additionally, the broker's copy trading service, allowing users to mirror the strategies of successful traders, is readily available.

Diverse Payment Methods

MTrading provides a variety of deposit and withdrawal methods, including Visa (1.5% deposit fee, 1.5% withdrawal fee), Mastercard (1.5% deposit fee, 1.5% withdrawal fee), wire transfers (0% deposit fee, 0% withdrawal fee), Neteller (0% deposit fee, 3% withdrawal fee), Skrill (0% deposit fee, 3% withdrawal fee), and Perfect Money (1% deposit fee, 1% withdrawal fee). Processing times vary depending on the chosen payment method and the trader's jurisdiction.

Demo Account

For prospective traders, MTrading offers a demo account that functions similarly to a live account, with the key distinction being that trades executed within the demo do not impact the market. This is an ideal starting point for investors looking to acquaint themselves with the MT4 platforms and the broker's copy trading service, allowing them to transition to a live account when they feel prepared.

Bonuses and Rewards

MTrading extends a flexible 200% deposit bonus with the M.Premium account, and they also offer cashback at $1 for every lot traded for an annual fee of $99. While these incentives may seem attractive, it's essential to review the terms and conditions associated with bonuses, as they may change over time.


MTrading, registered under ServiceComsvg Ltd., operates under the regulatory purview of the Financial Services Authority of Saint Vincent and the Grenadines. However, it's vital to recognize that this regulatory body may not offer the same level of oversight and protection as more reputable regulatory agencies. Notably, negative balance protection is often not available, making it a concerning aspect for potential traders. Thus, it is advisable to exercise caution when considering an unregulated provider.

Value-Added Services

MTrading goes the extra mile to enhance the trading experience for its users, offering a range of educational resources such as webinars, financial seminars, and tutorials. However, the most valuable additional service is the broker's copy trading feature. Traders can conveniently replicate the trades of other investors by navigating to the Trader's Room, browsing the list of signal providers with associated ratings, and selecting the trader to follow. Users can opt for automatic trade replication or manual position entry. Nevertheless, it's important to note that MTrading does not provide a margin calculator.

Diverse Account Options

MTrading presents two primary retail trading accounts, M.Premium and M.Pro, both offering access to the MT4 platform, mobile trading, expert advisors, market analysis, and comprehensive educational resources.

M.Premium Account

  • Minimum deposit: $100
  • Trading instruments: 100+
  • No commission charges
  • Leverage up to 1:1000
  • Execution type: STP

M.Pro Account

  • Minimum deposit: $500
  • Trading instruments: 25+ (forex and metals only)
  • Commission: $4 per lot
  • Leverage up to 1:1000
  • Execution type: ECN

MTrading also introduces alternative investing accounts: PAMM - Money Manager, PAMM - Investor, and CopyTrade - Investor, providing additional avenues to potentially enhance returns.

Trading Hours and Customer Support

MTrading operates in the Eastern European Time (EET) zone, with trading hours varying by instrument. Typically, trading hours span from 01:00 to 00:00 Monday through Thursday and 01:00 to 23:00 on Fridays (EET). Specific trading hours for each instrument can be found on the broker's website.

When it comes to customer support, MTrading offers multiple avenues for contact:

  • Phone: +357 220 241 66
  • Email:
  • Live chat: Accessible from the bottom right-hand corner of any MTrading web page

Response times from the live chat service are swift and helpful, with the added advantage of human-operated support, as opposed to automated bots. Notably, personal contact details are not required to initiate a conversation with the support team. Additionally,

MTrading offers an extensive FAQ section for self-assistance.

Prioritizing Security

MTrading takes security seriously, being a member of the Financial Commission. This affiliation enables them to address disputes within the financial services industry and safeguard client funds, offering protection up to €20,000. Furthermore, members of the Financial Commission must adhere to stringent regulations, including the segregation of funds. The broker also ensures secure deposit and withdrawal methods, while the MT4 platform employs rigorous encryption protocols and dual-factor login for enhanced security.

Pros and Cons:


  • Straightforward trading experience with an intuitive terminal
  • Support for the popular MT4 platform, including multi-platform and supreme editions
  • High leverage of up to 1:1000, empowering confident traders to maximize their positions
  • Access to copy trading with a comprehensive ranking system
  • Attractive 200% deposit bonus and cashback program
  • Availability of a free demo account for prospective users


  • Lack of regulation by a reputable financial authority
  • Relatively wider spreads, starting at more than 1 pip on popular assets
  • Deposit and withdrawal fees on certain payment methods may erode profits
  • Limited market access with a selection of around 100 instruments, including few stocks and no cryptocurrencies

MTrading presents an intriguing choice for traders, with a unique mix of offerings that can either be advantageous or detrimental, depending on your specific needs and risk tolerance. While their unregulated status may raise concerns, the value-added services and versatile trading platforms they provide make them worth considering, especially if you prioritize accessibility and diversity in your trading experience.

MTrading Broker Details

Disclaimer: - We at forexoverflow do not endorse neither refer anyone to trading broker websites. The information is for educational purpose and source of information is from the broker website.


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