| Forex broker | |
|---|---|
| Website | |
| Social media | |
| Date of foundation | 2013 |
| Head Office | First Floor, First Saint Vincent Bank Ltd. Building, James Street, Kingstown, St. Vincent and the Grenadines |
| The owner of the company | ServiceComsvg Ltd. |
| Types of support | |
| Support by phone | |
| Languages | Russian, English, Spanish, Chinese, Vietnamese, Indonesian, Malaysian, Thai |
| Terminals | MetaTrader 4, MetaTrader 4 MultiTerminal, WebTerminal MT4, MT4 Supreme Edition |
| Min. first deposit | From 100 USD |
| Broker fee | Yes |
| Lot volume | From 0.01 to 200 |
| Maximum open positions | To 200 |
| Bonuses | |
| Leverage | To 1:1000 |
| Spreads | From 0 points |
| Free Demo Account | |
| Adjustable | Yes |
| Regulators | FSA24275 IBC 2017. |
| Types of accounts | Demo, M.Premium Live, M.Pro Live |
| Transaction volume | 0.01 lot |
| Features of trade | Automated Trading |
| Execution of orders | Market Execution (at market price) |
| Methods of replenishment | AstroPay, Neteller, Ngan Luong, Perfect Money, Prepaid Card, Qiwi, Skrill, Webmoney, WireTransfer, Russian Standard, Alfa-Bank, Bank Card (Visa/MC) |
| Withdrawal methods | AstroPay, Neteller, Ngan Luong, Perfect Money, Prepaid Card, Qiwi, Skrill, Webmoney, WireTransfer, Russian Standard, Alfa-Bank, Bank Card (Visa/MC) |
| Number of assets | 100+ |
| Types of assets | Currency pairsEURUSD, GBPUSD, USDCAD, etc. Precious metalsGold, silver, platinum, palladium Stocksstocks of the world's largest companies IndexesEuronext, Xetra, NASDAQ, NYSE, etc. Energy Carriersoil, gas |
| Account currencies | RUB, EUR, USD |
| Mobile Trading | |
| Weekend trading | Yes |
| Tournaments / contests | No |
| Trader training | Seminars, webinars, guides and articles about forex |
| Contract Difference Commission | Yes |
| Swaps | Yes |
| PAMM trading | No |
| Analytics | News and Analysis |
| Margin Trading | Yes |
| Affiliate Program | RegistrationRemuneration for attracting new clients with two referral program options |
| Benefits | Advantageous trading conditions Quality analytics Large selection of assets Low spreads Reliability of the terminal Affiliate Program Demo account and bonuses Copying transactions Prompt technical support |
| Disadvantages | Terminal freeze Delayed withdrawal of earnings |
| Company requisites | Legal name: ServiceComsvg Ltd. Legal address: First Floor, First Saint Vincent Bank Ltd. Building, James Street, Kingstown, St. Vincent and the Grenadines |
| Date of update | 26.08.2022 |
| Overall assessment | 3/10 |
MTrading is it a scam? Reviews and description
The Forex broker MTrading has been providing services to traders around the world since 2013. Notwithstanding the fact that it’s still a young company, it already has a good reputation, working actively in the CIS countries, South America and the largest cities of the Asia-Pacific region. Today the broker offers an extended list of services: trading in financial markets, training in trading, partnership programs and investing. Among its advantages we should mention innovative solutions, stability and reliability, and favorable conditions.
Of course, you’d like to know whether MTrading is a scam or a trustworthy company you should stick with. We’ll answer this question below.
Working since 2013, MTrading has already managed to show its strengths. Its offices operate in the Asia-Pacific region, Africa and South America. The company provides instant support for traders around the world. For successful trading in the financial markets, the company offers high-quality services and up-to-date software solutions. The broker has introduced the Electronic Communications Networks system (ECN), which guarantees better execution of orders and reduces the likelihood of slippage in trade. The company works with segregated accounts, which ensure the safety of investments from force majeure.
Traders can access online trading in currencies, crypto assets, metals, indices, and shares as well as energy carriers (oil and gas). The company boasts favorable working conditions (accurate quotations, one of the best spreads on the market, competitive deposits, and various methods of withdrawal), information support, and professional services. All of this is designed to make trading comfortable for both professionals and newcomers. Traders can make use of one of the best MetaTrader 4 platforms, which is excellent and easy to use. It can really improve the overall efficiency of your trading. You can also work in mobile versions of these trading terminals.
Special attention is paid to the security of the platform, so it’s no wonder that many traders highly praise its reliability. MTrading ensures the automatic trading of advisers. With the help of the MACI program, you can generate revenue by using auto-copying of successful traders’ deals. It’s also possible to open accounts to invest in the MAMI.
The site of the broker is highly informative. It provides enough materials about the terms of trade, terminals and affiliate programs. The company also offers expanded opportunities for training, proving that it’s truly interested in the growth of financially literate consumers. The website presents a lot of books, video lessons, seminars, webinars and actual analytics from professionals.
Replenishment and withdrawal of funds
MTrading offers different options for replenishment and withdrawal of funds. To start real trading and replenish your trading account, you need to register with the broker (registration is very fast) and deposit the required amount by choosing a convenient method of transferring funds (the minimum deposit is $10). To deposit funds, you can use an expanded list of modern payment options – from conventional credit cards to electronic payment systems:
- Bank transfers
- Plastic cards (Visa and mastercard)
- Skrill
- Webmoney
- QIWI Wallet
- Neteller, etc.
Funds are available for trading right after payment (if you work with electronic payment systems). The withdrawal of funds is possible only for authorized and verified traders, and withdrawal is carried out within 24 hours (electronic payment systems).
Complaints about MTrading
Despite the fact that the broker is very young, the Internet contains a lot of reviews about its work. Some traders note the positive aspects of cooperation with the company: the provision of professional analytics, profitable trading conditions, a wide selection of assets, and low spreads on the market. Besides this, customers also note a simple, quick verification procedure, an ability to copy transactions, and good performance of the MT4 terminal.
There are also negative reviews, which mostly relate to the following problems: issues with the terminal (lag, freezes), problems with the support service (long processing of applications, managers often don’t respond to requests), and problematic withdrawal of funds, including bonuses (long withdrawal, refusal of withdrawal without an explanation of the reasons). As for positive things, it should be noted that the company’s managers work with feedback, trying to reduce the negative aspects and resolving the users’ problems.
Is MTrading a scam?
Regardless of the fact that MTrading is one of the youngest brokers in the Forex market (here you can learn the whole truth about Forex), the company has already demonstrated its good reputation. It has achieved great success, providing a wide range of financial services and some of the most favorable terms for trading and having a large base of traders around the world, which is constantly increasing.
The Internet already offers different reviews about the company, both positive and negative. The company’s managers keep track of the comments and sort out the claims, which shows that the issue of customer satisfaction is of great importance to the company. All of this suggests that MTrading isn’r a scam. It’s a serious organization that has come to the Forex market to take a strong position. One of the factors of the broker’s positive image is the provision of a reliable Metatrader terminal for trading.
As an advantage, we note the availability of bonuses, professional support and an extensive base of training materials – in many respects the company demonstrates a thoughtful policy of working with the users. The availability of the MTrading certification is also a significant step toward earning the trust of the clients. Should we consider MTrading to be a scam? At this stage of the company’s development, we think it’s too early to draw such conclusions, but you can protect yourself by working properly with your personal manager.
Regulation of the broker
The activity of this broker is regulated by the IFC International Financial Services Commission IFSC of Belize (No. IFSC/60/270/TS/14), which guarantees the security of trade. Please note that membership with the broker is suspended due to the prolongation of the contract; information on this issue can be monitored on the IFSC website.
Bonuses from the broker
Each trader of the company can count on a 50% bonus.
The bonus is valid for the first deposit. It allows you to receive additional funds for trading on the broker’s site. Detailed conditions for the bonus should be specified by the personal manager.
Conclusion
Forex Trading Broker MTrading is a young company that has already earned high ratings as one of the leaders of Forex trading. It provides high-quality services and profitable terms of trade. The broker has a large base of traders and different reviews. We can say that the company is actively developing. The company’s experts keep monitoring reviews on the Internet, which proves that the company is eager to learn the opinion of its users. We hope that discussions on the thematic forums will contribute to further improvements in the services provided.
We should also note that MTrading has not completely shown itself yet, so it’s too early to evaluate it as a reliable or fraudulent company. However, the responses of traders who are waiting for this article can not only change the broker’s rating on our web portal but also warn market players of possible problems.
Отзывы
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Rate the review 000When I first started trading I didn't...
When I first started trading I didn’t know that I should avoid trading during important news releases, but that’s more due to inexperience. I can’t say anything bad about Mtrading, I have nothing to compare it with.
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Rate the review 000I was watching their analytical reviews on...
I was watching their analytical reviews on youtube before I started working with them. The guys there are smart, the tech support is great.
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Rate the review 0-10I have been trading with MTrading for...
I have been trading with MTrading for 2 years now, no problems at all, deposit/withdrawal promptly, no complications
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Rate the review 0+10I agree with the comment below. No...
I agree with the comment below. No money withdrawal. All I got wasted time and frayed nerves. They scam people like they want to.
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Rate the review 0+10Totally does not withdraw money do not...
Totally does not withdraw money do not work with him if you do not want to feed the greedy pig
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Rate the review 0-10Money likes silence, so I will refrain...
Money likes silence, so I will refrain from numbers) I will only say that the total amount that I managed to earn here and withdraw with four zeros. So far with four zeros.
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Rate the review 000I have installed the robot here, it's...
I have installed the robot here, it’s not bad, but I need to adjust it a little bit, lot, tools, stop-orders if necessary. I’ve got a good owl in principle. What will be next, let’s see.
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