If you are looking for a forex and CFD broker that provides competitive trading conditions and supports traders of all experience levels, this MTrading review will guide you to make an informed decision.
In this extensive MTrading Broker review, we’ll look into its history, features, pros and cons, and customers review and provide guidance on how to get started with this broker to understand if they are an option worth considering.
History of MTrading Broker
MTrading is a relatively young player in online trading. The company was established in 2012 and has since expanded its services to clients across regions including Latin America, Africa, the Asia-Pacific area, and the Commonwealth of Independent States (CIS).
Over the years, the broker has expanded its operations and now serves over 260,000 active clients.
They have also built strong relationships with over 5,000 partners, highlighting the trust the platform has earned in the trading community.
MTrading’s focus on customer satisfaction is evident from its efforts to provide educational resources, a secure trading environment, and competitive trading conditions.
The broker operates under regulations that ensure transparency and security for its clients, while also emphasizing the importance of responsible trading.
Features of MTrading Broker
MTrading offers a variety of features that appeal to traders of different skill levels. Some of its features include:
1. Leverage
MTrading offers leverage of up to 1:1000, making it attractive for traders who want to maximize their potential profits, though it also increases the risk of losses.
2. Social Trading
They allow users to mimic the trades of successful, experienced traders. It’s a great option for beginners looking to learn from seasoned professionals.
3. Bonuses
MTrading offers attractive bonuses, including a deposit bonus of up to 200% and a $30 welcome bonus for new sign-ups.
4. Wide Range of Assets
While MTrading has a limited selection of trading assets compared to some other brokers, it covers a variety of markets, including forex and CFDs on stocks, commodities, and indices.
5. Educational Resources
MTrading provides a wealth of educational materials, such as webinars, tutorials, and articles, helping both new and experienced traders to improve their skills.
Pros of MTrading Broker
1. Some significant advantages of trading with MTrading are:
2. Traders can benefit from high leverage of up to 1:1000, which can lead to higher potential profits.
3. MTrading offers a variety of resources for traders to enhance their knowledge and improve their trading strategies.
4. The platform is regulated and provides insurance on client funds up to 20,000 euros, offering a level of security for traders.
5. MTrading has built a solid reputation with over 260,000 active users.
Cons of MTrading Broker
1. While MTrading has its benefits, there are also some drawbacks that traders should be aware of:
2. They have Limited Trading Assets, compared to some other brokers, MTrading offers a more limited selection of assets, which may not suit traders looking to diversify their portfolios.
3. Some users have reported difficulties with withdrawals, which is a common concern with some online brokers.
4. No Swap-Free Accounts for Muslim traders, the lack of Islamic accounts (swap-free) may be a disadvantage.
5. There have been complaints about the slow response times from MTrading’s customer support team.
Customer Review for MTrading Broker
When it comes to customer feedback, MTrading receives both positive and negative reviews.
Let’s take a look at both sides:
Positive Reviews
Anonymous User 1
“I’ve been trading with MTrading for a few months now, and I’m impressed by the social trading feature. It’s a great way to learn from others and improve my strategy.”
“The leverage offered by MTrading is fantastic, and the educational resources have really helped me understand the markets better. I also appreciate the bonuses they offer.”
Negative Reviews
Anonymous User 3
“The withdrawal process is a hassle. It took longer than expected to withdraw my funds, and I wasn’t happy with the customer service response time.”
Anonymous User 4
“I encountered issues with the platform freezing during high volatility. It’s frustrating when you need to make quick decisions.”
How to Get Started with MTrading Broker
Getting started with MTrading is simple, but it’s important to take your time to ensure you’re making the right decisions.
Check below for the step-by-step guide:
1. Create an Account
Head to the MTrading website and sign up by providing your details, including name, email, and phone number.
2. Verify Your Identity
As part of the regulatory process, you’ll need to verify your identity by submitting documents like a passport or utility bill.
3. Fund Your Account
Make a deposit using one of the available payment methods. MTrading has a minimum deposit requirement of $100.
4. Choose a Trading Platform
MTrading offers several platforms, including MetaTrader 4 and MetaTrader 5. Choose the one that suits your preferences.
5. Start Trading
Once your account is funded and your platform is set up, you can begin trading. Remember to start small if you’re new to trading.
Frequently Asked Questions
1. What is the minimum deposit required to start trading with MTrading?
To start trading with MTrading, you need to make an initial deposit of at least $100. This is the minimum amount required to open a trading account.
The $100 deposit allows you to begin trading with a small investment, making it accessible to beginners who are just starting.
2. Is MTrading regulated?
Yes, MTrading is a regulated broker, meaning that it follows certain rules and guidelines set by official authorities.
This helps ensure that MTrading operates transparently and securely, providing a safe environment for traders.
3. What types of trading assets can I trade with MTrading?
With MTrading, you can trade a variety of financial assets. The broker mainly offers forex trading (currency pairs), but you can also trade CFDs (Contracts for Difference).
CFDs allow you to trade commodities (like oil and gold), stocks (such as shares in companies), and indices (which track the performance of a group of stocks).
4. Does MTrading offer a demo account?
Yes, MTrading provides a demo account for traders. A demo account lets you practice trading using virtual money, which means you can try out strategies and learn how to use the trading platform without risking any real money.
Conclusion
The MTrading Broker review reveals that it offers a competitive trading platform with a range of features for both novice and experienced traders.
While it has some drawbacks, such as withdrawal issues and limited trading assets, its advantages, including high leverage, educational resources, and security measures, make it a solid choice for many traders.
If you are just starting or looking to enhance your trading strategy, MTrading provides the tools and support to help you succeed.
However, it’s important to weigh both the pros and cons before deciding if this broker is the right fit for your trading needs.