MTrading is a CFD and forex broker that has a modest selection of financial instruments for trading via multiple versions of the popular MetaTrader 4 (MT4) platforms. They have solutions for manual trading, automated trading, copy trading and account management. I like how they provide you with plenty of educational materials, especially the market news and analysis which is updated frequently. This can be a good way to get inspiration for your trades and help you to make informed decisions. The broker puts great emphasis on their copy trading platform, which could be an option for those of you who do not have the time or skills to trade by yourself. Just keep in mind that results are not guaranteed. The minimum deposit required to open a trading account is very low at $10 whereas free demo accounts are also available if you want to give them a try to see if they meet your needs before making a commitment. I think they have very competitive conditions for anyone looking to primarily trade forex on versatile and use-friendly platforms. However, the lack of regulation may be off putting for some.
Pros & Cons
- Versatile MetaTrader 4 platforms including supreme edition
- Decent choice of currency pairs to trade
- Lots of trading tools for analysing the markets
- Good range of articles and tutorials
- Free market news and analytics
- Copy trading strategies and share your own
- Instant deposits with zero fees
- Free demo accounts to practice trading
- Low minimum deposit of just $10
- Could improve regulation to top-tier
- MetaTrader 4 platform only
- Limited trading instruments compared to other brokerages
- Do not accept clients from many countries including the UK and USA
- Larger deposit required for access to zero pip spreads
Founded in 2012, MTrading is an online brokerage that provides you with simple and easy access to CFD trading online across various asset classes including forex, stocks, commodities and indices. You can buy and sell financial instruments without needing to physically own the underlying asset as you are simply speculating on the price. The difference in price from when you open and close you position, is your profit or loss, minus any brokerage fees.
I found the broker costs to be very competitive, with spreads from as low as 0.0 pips which means they can be suitable for scalping strategies that need the tightest spreads possible. There is quite high leverage of up to 1:1000 available which the broker can offer due to the regulation they have, or lack thereof. It is important to consider that whilst leverage can amplify potential profit, it also significantly increases the risk. Therefore, make sure you have a clear understanding of how it works before taking any leveraged positions.
MTrading stands for knowledge, confidence, and innovation. They aim to equip traders with knowledge, top trading tools, along with innovative products and services, to empower them to make intelligent trading decisions. The broker has offices throughout the globe including key cities in Asia-Pacific and the emerging markets of Africa and South America.
When choosing a broker, one of the first things I look for is regulation. This is because a regulated broker must comply with rules that have been put in place to protect investors. MTrading is registered by the Financial Services Authority of Saint Vincent and the Grenadines (FSASVG). It is important to be aware that not all regulators are treated equally. Many traders would not consider this to be top-tier regulation and would prefer to use a broker that is regulated in other jurisdictions, such as AvaTrade. However, some regulators are more lenient than others and allow brokers to provide users with certain products and features such as higher leverage that they may not be able to get elsewhere.
MTrading also states that they are a member of The Financial Commission, which is an international organization that is engaged in the resolution of disputes within the financial services industry including the Forex market. In accordance with industry regulations, the brokers clients’ funds must be segregated from their own assets in a regulated banking institution. This helps to ensure that client funds are available to them at all times, and cannot be used by MTrading for any other purpose such as business running costs.
MTrading does not provide services for citizens of certain regions, such as Japan, United States of America, United Kingdom, Canada, Germany and New Zealand. This makes them a limited option for many traders. If you find that they do not serve your clients in your country, please feel free to take a look at our broker ratings for some alternative options.
MTrading offer the popular MetaTrader 4 (MT4) platform for web, desktop and mobile devices running on iOS and Android. Developed by trading software company MetaQuotes, MT4 is used worldwide by millions of online traders and provided by most online brokerages firms as the platform of choice. This means that you don’t have to learn how to use a new platform every time you switch brokers. I have used MT4 for many years and think it is one of the best trading platforms for manual and automated trading. I find it to be very user-friendly with plenty of tools for analysing charts to spot trading opportunities. One of the things that helps differentiate MTrading from other brokers is that they provide various versions of MT4, including the standard terminal, MultiTerminal and supreme edition.
This is the standard MT4 trading terminal that runs on Windows and MAC. MetaTrader 4 is an award-winning trading platform designed for trading and analysing financial markets, primarily for Forex and CFD trading. It provides traders with enhanced trading tools, fast, secure, and reliable trading. The platform can be fully customised to be as simple or complicated as you need it to be. You will find all of the tools you need for analysing the markets, placing and managing trades, all with relative ease. You can trade from the comfort of your desk or whilst on the move via the MT4 trading apps. Then you have the MT4 web platform which is great for when you need to access your account from different devices without installing any software.
Some of the key MT4 platform features include:
- Fully customisable user interface
- Real time asset price quotes in the market watch window
- Trading chart templates
- Charting on multiple timeframes
- Multiple order types
- Technical indicators & graphical objects for chart analysis
- Automated trading with expert advisors (EAs)
- Strategy tester to back test EAs over historical data
- MQL editor to create customised trading indicators, scripts & EAs
- MQL community to share trading tools & ideas with other traders
- Price alert notifications via SMS, email & platform pop-ups
MetaTrader 4 MultiTerminal
The MT4 MultiTerminal will let you place market and pending orders, view live market prices and monitor all account balances and equity in real-time. This professional software combines rich functionality with exceptionally high usability. The program interface is very similar to the MetaTrader 4 desktop terminal, so any trader who is familiar with MT4 can use this program with relative ease. The MultiTerminal is intended for simultaneous management of multiple accounts, for which is mostly helpful for those whom manage investors’ accounts and for traders working with many accounts simultaneously.
MetaTrader 4 Supreme Edition
The MT4 supreme edition lets traders enjoy one of the most powerful plug-ins for flawless forex trading. Provided by MTrading, this software aims to give your trading a competitive edge by enhancing the features of the platform. One of the great things about the Supreme Edition plug-in is how well it has been designed. You will find that it allows you to determine any potential trading opportunities and act on them in an instant. The plug-in also allows traders to simply drag and drop the tool’s web indicator directly onto your trading platform, which you can then launch automatically. Admirals is another top broker that provides the MT4 Supreme Edition if it is something that you would like to implement into your daily trading routine.
Enjoy fast and simple trade management, with the mini terminal. Use it to quickly open and easily manage your Forex trades.
Trade Terminal is your personal trading assistant. It combines mini terminal features and other functionalities for smooth trade management.
Tick Chart Trader
Seeing every price movement means you can quickly find the best entry or track price action. Use Tick Chart Trader for simplified chart tracking.
Connect with the MTrading daily news feed directly in MT4 and gain an edge with real-time trading analysis.
Get highly advanced technical indication tools for experienced users. Keep track of your order history, get access to trading signals and benefit from in-depth charts.
The mini chart is a time-saving indicator. It can show you small charts inside your main chart. Previously unavailable multiple timeframes and chart types are included.
MTrading provide solutions for busy traders who do not have the time to trade and investors who are looking to copy strategies of other traders. You can find a generous selection if trading strategies that you can choose to copy signals from if they meet your requirements. If you have your own strategy, you can also share it with others. Whilst social trading does mean you can take a hands-off approach, it should be noted that there can be no guarantee of performance. Past results are all we have to go by and not an indication of what will happen in the future. I personally prefer to maintain control over my own trading as I feel this is the best way to learn from your mistakes and try to become a better trader in the long run.
Unfortunately, MTrading do not offer any additional standalone trading tools such as trading calculators, market sentiment tools, technical indicators, fundamental indicators. However, this isn’t really a big deal as the provided MT4 platform is likely to have more than enough trading tools for most traders. They do provide the MT4 Supreme Edition which in itself is an excellent addition to anyone’s trading strategy in my opinion. You can also get plenty of other free or paid add-ons for the MT4 platform from the MQL marketplace which can be accessed directly from within the platform. The MQL editor lets you develop your own in the MQL4 language if you have the programming skills to do so. Otherwise, you could always hire a freelancer to do it for you and bring your ideas to life. Whatever your idea for a trading strategy, you can probably create it in the MT4 platform.
MTrading does have some handy free educational materials for both experienced and beginner traders. The broker strives to provide clients with helpful free materials on forex, stocks, indices and commodities trading. I think there is a decent selection, with everything well explained so easy to understand. However, they don’t quite compare to brokers such as IronFX who have a lot more content to help bring beginners up to speed with the markets.
MTrading teach trading financial markets right on your screen. Their in-house experts have helped thousands of users to improve their trading knowledge.
MTrading arranged high-quality educational events in over 10 countries, working with keynote speakers and financial professionals.
Articles & Tutorials
MTrading provide a wide range of articles and tutorials that cover a variety of subjects from trading financial markets and more.
News & Analytics
MTrading also have frequently updated market news and analysis that give professional guidance on potential upcoming market movements.
I found that MTrading has a reasonable selection of financial instruments for trading online but think they are lacking in terms of individual stocks. If you are primarily looking to trade forex, then you will be pleased with the vast selection of minor, major and exotic currency pairs. If you are looking to trade stocks, then you may want to consider another option from our best stock brokers.
It was good to see that MTrading have different account types for beginners and experienced traders alike. You can choose the account that best suits your trading needs. The primary difference between the trading accounts offered are the minimum deposits, trading instruments and spreads. The account options are as follows:
This account is for micro lot trading and requires a minimum deposit of just $10 which makes it the most accessible account. The spreads start from 1 pip which is not the lowest I have come across but it is worth considering there is no commission included on top as it is already accounted for within the spread. The disadvantage of this account type is that it is limited to small trade sizes and you do not get access to all of the trading instruments.
This account has more instruments available to trade but the spread is still not the lowest as it also starts from 1 pip. However, there is also no commission fee on this account type and you can trade standard lot sizes with a reasonable minimum deposit requirement of $100.
This is the best account that MTrading have to offer. It is the only account with zero spreads which may make it the preferred choice for anyone who is using scalping strategies or automated systems that rely on tight spreads. It does have a commission fee on top of $4 per standard lot, which means the overall difference in price might not be that significant unless you are trading larger volumes. The account does require a higher minimum deposit of $500. I think it would be better if the broker gave everyone access to all of the account types regardless of their investment size. If the minimum deposit is out of reach for you, you can get zero spreads from XM Group with a minimum deposit of just $5.
There is the option of a free demo account as you would expect from most brokers. The demo account can be a great way to get a feel for trading online without taking any risk. You can practice your trading strategies and build your confidence whilst testing the broker to see if they can meet your needs.
The broker customer support is provided via online chat, telephone and email. They are usually prompt and polite in their responses from my experience. I appreciate how they have taken the time to reply to feedback online, both positive and negative. This shows me that the broker cares about their reputation.
MTrading have a decent selection of flexible and convenient ways to deposit and withdraw funds from your trading account. There are a variety of electronic payment systems, bank cards, and wire transfer options. I like how you can use digital wallets as I find this to be the most convenient way to move funds around between my trading accounts. I don’t always want to wait days for a bank transfer to clear. However, they don’t accept crypto payments at the moment. If that is something you are looking for, then Hankotrade do support crypto funding.
Some fees may be charged when using certain payment methods. Withdrawal requests are processed within the same day or next if outside working hours. The withdrawal time can vary depending on the payment provider and method. Bank transfers may take a few business days to clear whilst some methods can be instant. Some payment systems may have transaction limits, restrictions, and requirements which are indicated on their respective websites. You may need to verify your account to remove limits on particular methods in some countries. MTrading strictly does not accept third-party payments. All funds deposited into your trading account must be under the same name as your trading account.
Accounts can only be opened in EUR & USD which is quite a limited selection. I think it they could improve by adding support for some more currencies because the different currency options are beneficial as currency conversion fees do not apply when using an account in your own currency.
Compare Broker Features
|This Broker||AvaTrade||IG||IC Markets|
|Regulated||ADGM FRSA, ASIC, BVIFSC, CBI, FFAJ, FSCA, IIROC, JFSA||ASIC, BaFin, CFTC, DFSA, FCA, FINMA, FMA, FSA, FSCA, JFSA, MAFF, MAS, METI, NFA||ASIC, CySEC, FSA, SCB|
|Commission||From $0||From $0||From $0|
|Instruments||Forex, Commodities, Crypto, Stocks, Indices, Options, Bonds, ETFs||Forex, Commodities, Crypto, Stocks, Indices, Options, Bonds, ETFs||Forex, Commodities, Crypto, Stocks, Indices, Bonds|
|Platforms||MetaTrader 4, MetaTrader 5, AvaTradeGO, AvaOptions, AvaSocial, DupliTrade, ZuluTrade||MetaTrader 4, IG Platform, IG Progressive Web App, ProRealTime (PRT), L2 Dealer, FIX API||MetaTrader 4, MetaTrader 5, cTrader|
|Funding||Bank Transfer, Credit/Debit Card, E-Wallets||Bank Transfer, Credit/Debit Card, E-Wallets||Bank Transfer, Credit/Debit Card, E-Wallets|
Overall, I feel like MTrading have a decent offering for anyone who is looking to trade forex with flexible conditions and they don’t mind the lack of regulation. The broker does offer a decent selection of instruments across multiple markets for trading on user-friendly trading platforms with some robust tools to assist with professional chart analysis. They complement this well with a good range of educational materials, market insights from inhouse experts and a choice of convenient funding options. It should be strongly emphasised that as MTrading is an offshore broker, they are able to provide certain features. However, they cannot give you the same protection as some other regulated brokers can. If this bothers you, then please feel free to peruse our best trading brokers for other options.