MTrading Review 2022

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MTrading offers 100+ assets for investing across desktop & mobile trading platforms.

  • Change Africa Summit Award 2019
  • FiNEXPO Best Broker 2019 & 2018
  • Best Forex Rebate Provider 2016
Bonus200% deposit bonus with MPremium
InstrumentsForex, CFDs, indices, commodities
Demo AccountYes
Min. Deposit$100
Payment Methods
Min. Trade0.01 lots
MetaTrader 4Yes
MetaTrader 5No
ECN AccountNo
DMA AccountNo
Mobile AppsYes
Auto TradingYes (APIs)
Social TradingYes
Copy TradingYes
Trade SignalsYes
Islamic AccountNo
  • Gold
  • Silver
CFD TradingStart investing in forex, stocks and commodities with competitive spreads.
CFD FTSE Spread0.8
CFD GBPUSD Spread1.7
CFD Oil Spread9.0
CFD Stocks SpreadVariable
CFD Leverage1:25
Forex TradingTrade dozens of online currencies with a range of MT4 trading tools.
Forex GBPUSD Spread1.7
Forex EURUSD Spread1.2
Forex EURGBP Spread1.7
Forex Assets60+
Risk Warning – Your capital is at risk

MTrading is an unregulated broker offering investing in forex, indices, stocks, and commodities. The MT4 platform is available with a host of add-ons and extra features. Our review of the broker covers minimum deposits, withdrawals, spreads, leverage and more. Find out whether to sign-up for an MTrading account.

MTrading Details

The broker was established in 2012 and has since grown into 10 offices globally with over 250,000 customers. The company predominately operates in Africa, Latin America and Asia with customers in Nigeria, Thailand, Malaysia and beyond.

MTrading is not regulated by any regulatory body and its head office is in St Vincent and the Grenadines. The brokerage offers a modest range of instruments with excellent tools, including a copy trading service.

Note, clients cannot sign up for an account from the US, UK, Australia and some other countries.

Trading Platforms

The broker offers a choice of trading platforms depending on user needs:

MetaTrader 4

The broker offers the well-regarded MT4 solution for investing in forex and CFDs. Traders benefit from many features:

MTrading MetaTrader 4 platform
MTrading MetaTrader 4 platform

MetaTrader 4 Multi-Terminal

MTrading MetaTrader 4 Multi-Terminal platform
MTrading MetaTrader 4 Multi-Terminal platform

MetaTrader 4 Supreme Edition

MTrading MT4 Supreme Edition platform
MTrading MT4 Supreme Edition platform

MTrading WebTrader

MTrading MetaTrader 4 WebTrader
MTrading MetaTrader 4 WebTrader


Over 100 instruments and assets are offered for online investing, including 10 indices, over 65 stocks, 60+ majors, minors and exotics, as well as 10 commodities, including energies and metals. Whilst a reasonable range of products, cryptocurrencies, such as Bitcoin, are not offered. Binary options and futures are also not available. With that said, the needs of most online traders are met.

Spreads & Commission

The broker charges zero commissions on all instruments with the M.Premium account and $4 on each lot with the M.Pro account. MTrading offers typical floating spreads on popular pairs EURUSD (1.2 pips), USDJPY (1.4 pips), and GBPUSD (1.7 pips). Whilst not the lowest spreads in the market, the broker is transparent and breaks down fees in its contract specifications page.


MTrading offers leverage up to 1:1000 with both the M.Premium and M.Pro accounts. These are high leverage levels that let traders seriously amplify their positions. On the downside, it also means investors can lose large sums if they do not use risk management tools.

Mobile Trading

The broker offers mobile trading across both M.Premium and M.Pro accounts. Available on iOS and Android (APK) devices, clients can access the full range of MTrading assets. Deposits and withdrawals can be requested through the mobile app, along with customer support and push notifications. The broker’s copy trading service, which lets users mirror the strategies of successful traders, is also available.

MTrading mobile app
MTrading mobile app


MTrading offers a decent list of deposit and withdrawal methods, including:

Processing times for credit/debit cards are typically instant, e-wallets are processed within 24 hours and wire transfer can take 1-3 working days. Fees may vary depending on the trader’s jurisdiction.

Demo Account Review

MTrading offers a demo account for prospective traders that operates in the same way as the live account, though trades do not affect the market. The trial account is a great place to start for investors looking to test the MT4 platforms and the broker’s copy trading service. Users are then free to sign up for a live account when they feel ready.

MTrading Bonuses

A flexible 200% deposit bonus is available with the MPremium account. MTrading also offers cashback at $1 for every lot traded for a fee of $99 per year. While incentives can look appealing, it’s important to check bonus terms and conditions before you sign up. Note, welcome bonuses may also change.


MTrading (ServiceComsvg Ltd.) is registered with the Financial Services Authority of Saint Vincent and the Grenadines. Unfortunately, there is no strict regulatory oversight so the broker effectively operates without checks and balances. Negative balance protection is typically not available. This is a concern and we do not recommend opening an account with an unregulated provider.

Additional Features

The broker offers a range of educational resources to enhance the MTrading experience, these include webinars, financial seminars and tutorials. Perhaps the most useful extra service, however, is the broker’s copy trading service. You can copy the deals of other traders in a few simple steps. Head to the Trader ‘s Room, browse the list of signal providers with associated ratings and select the trader you’d like to follow. You can automatically copy trades or you can manually enter positions.

MTrading copy master ratings
MTrading copy master ratings

Note: MTrading does not offer a margin calculator.

Account Types

MTrading offers two retail trading accounts; M.Premium and M.Pro. Both account types offer the MT4 platform, mobile trading, access to expert advisors, market analysis, and extensive educational resources.



MTrading also offers alternative investing accounts: PAMM: Money Manager, PAMM: Investor and CopyTrade: Investor. These accounts offer additional ways to increase returns and can be reviewed at



Trading Hours

MTrading operates in EET. Trading hours vary by instrument but typically follow 01:00 – 00:00 Monday – Thursday, 01:00 – 23:00 Friday EET. Details on specific instrument trading hours can be found on the broker website.

Customer Support

The customer service team can be reached via:

Responses received from the live chat service were quick, helpful and the service is operated by a human rather than a bot. Personal contact details do not need to be provided to speak to the support team. The broker also offers an extensive FAQ section.


MTrading is a member of the Financial Commission which settles disputes in the financial services industry and can protect client funds up to €20,000. Members of the Financial Commission must adhere to regulations, which include the segregation of funds. Additionally, the broker offers secure deposit and withdrawal methods while the MT4 platform uses strict encryption protocols and dual-factor login.

MTrading Verdict

The investing experience offered by MTrading is simple and straightforward. The broker’s website is easy to use and offers a number of resources, including demo accounts, deposit bonuses, and access to the MT4 platform. We particularly like the automated copy trading service. On the downside, MTrading is not regulated by a trustworthy agency and users must pay withdrawal fees before they can access profits. Overall, we’d recommend other brokers first.

Accepted Countries

MTrading accepts traders from Thailand, South Africa, Singapore, Hong Kong, India, France, Germany, Norway, Sweden, Italy, Denmark, United Arab Emirates, Saudi Arabia, Kuwait, Luxembourg, Qatar and most other countries.

Traders can not use MTrading from United States, Canada, Japan, United Kingdom, Australia, Belgium, New Zealand.

Compare MTrading

Compare MTrading with similar brokers that accept traders from your location. Among available brokers these are the most similar to MTrading:

  1. AAAFx – AAAFx offers CFD trading in forex, commodities, indices and cryptocurrencies.
  2. InstaForex – InstaForex is a CFD broker providing access to forex, stocks, cryptocurrencies, commodities, and energy, as well as stock indices. With competitive fees and a huge range of available assets, the brand offers safe and reliable trading.
  3. LQDFX – LQDFX offers online trading with multiple STP accounts and MT4 analysis tools.
  4. IG Group – IG-US offer spread betting, CFD and Forex trading across a range of markets. They are FCA regulated, boast a great trading app and have over 47 year track record of excellence.

MTrading Comparison Table

Compare MTrading With Similar Brokers
MTrading AAAFx InstaForex LQDFX IG Group
Rating 4.4
Markets Forex, Stocks, Commodities Forex, Stocks, Commodities, Crypto Forex, Stocks, Commodities, Crypto Forex, Stocks, Commodities, Crypto Forex, Stocks, Commodities, Crypto
Demo Account Yes Yes Yes Yes Yes
Minimum Deposit $100 $10 €200 to €50,000 (depending on account type) $20 £250
Minimum Trade 0.01 lots 0.01 lots 0.01 Lots 0.01 lots 0.1 lots
Regulators HCMC (Greece), FSCA (South Africa) CySEC FCA, ASIC, MAS, FSCA, JFSA, FMA, CFTC, NFA, BMA, DFSA, FINMA, BaFin
Bonus 200% deposit bonus with MPremium 100% Deposit Bonus available for Global clients 100% deposit bonus up to $20,000
Education No No Yes Yes
Platforms MT4 MT4, MT5 MT4, MT5 MT4 MT4
Leverage 1:25 1:30 EU, 1:500 Global 1:30 for retail clients, 1:500 for professional 1:100 – 1:500 1:30
Payment Methods 7 8 10 8 6
Detailed Comparison MTrading vs AAAFx MTrading vs InstaForex MTrading vs LQDFX MTrading vs IG Group
Review MTrading
IG Group

Compare Trading Instruments

Compare MTrading Trading Instruments
MTrading AAAFx InstaForex LQDFX IG Group
CFD Yes Yes Yes Yes Yes
Forex Yes Yes Yes Yes Yes
Stocks Yes Yes Yes Yes Yes
Commodities Yes Yes Yes Yes Yes
Oil No No Yes Yes Yes
Gold Yes Yes Yes Yes Yes
Copper No No No Yes Yes
Silver Yes No Yes Yes Yes
Corn No No No No No
Crypto No Yes Yes Yes Yes
Futures No No No No Yes
Options No No No No Yes
ETFs No Yes No Yes
Bonds No No No Yes
Warrants No No No No
Spreadbetting No No No No Yes
Volatility Index No No No Yes

MTrading vs Other Brokers

Compare MTrading with any other broker by selecting the other broker below.

MTrading vs


Is MTrading regulated?

MTrading is unregulated and does not adhere to strict financial markets standards. This is a real drawback and we do not recommend signing up with unlicensed providers.

Does MTrading offer a deposit bonus?

MTrading allows traders to choose their bonus when depositing funds into the M.Premium account. This can range from 1% to 200%. Always check terms and conditions before signing up.

Is MTrading trustworthy?

Due to the lack of regulatory oversight, we are not comfortable recommending MTrading to our readers. There are also some concerning reviews online from customers.

Does MTrading offer a demo account?

Yes, the broker does offer a demo account. This is exactly the same as a live account but the volumes executed in the demo account don’t impact the market.

What trading hours does MTrading follow?

Trading hours vary by instrument but typically follow 01:00 – 00:00 Monday – Thursday, 01:00 – 23:00 Friday EET. See the broker’s website for more details.

MTrading offers 100+ assets for investing across desktop & mobile trading platforms.