MTrading Review 2024

2.8 / 5
MTrading is #107 in our CFD broker rankings.

MTrading is best for beginners to intermediate traders looking for access to popular financial markets and copy trading tools.

- Daytrading Review Team

MTrading is an offshore broker that offers a simple trading experience through the MetaTrader 4 platform. There are over 100 tradeable assets with floating spreads starting at around 1.2 pips and leverage up to 1:1000. The brokerage has over a decade of experience in the online trading industry with hundreds of thousands of registered traders globally.

Forex, CFDs, indices, commodities
200% deposit bonus with MPremium
Visa, Mastercard, Credit Card, Wire Transfer, Skrill, Neteller, Perfect Money
Forex Trading

MTrading offers a good range of 65+ forex pairs with zero commission on its M.Premium account and 25 pairs with $4-per-lot commission on the M.Pro account. However floating spreads are wide and start from 1.2 pips.

Stock Trading

MTrading offers CFD trading on 65+ stocks, but does not allow traders to directly buy and own any shares. This is a narrow range of stocks vs competitors.

CFD Trading

MTrading provides CFDs on 10 indices and 65+ stocks with a transparent pricing structure. The broker also very high leverage up to 1:1000, magnifying both returns and losses.

Copy Trading

Investors can subscribe to signals from other traders using an intelligent rating system and full account management. Learn while following and copying the positions of more experienced traders.


  • Change Africa Summit Award 2019
  • FiNEXPO Best Broker 2019 & 2018
  • Best Forex Rebate Provider 2016

✓ Pros

  • Straightforward trading experience with an easy-to-use terminal
  • Supports the popular MT4 platform as well as the multi-platform and supreme editions
  • High leverage available of up to 1:1000, allowing confident traders to boost their positions
  • Copy trading available with detailed ranking system
  • 200% deposit bonus and cashback scheme
  • Free demo account for prospective users

✗ Cons

  • Not regulated by a reputable financial body
  • Relatively wide spreads, starting at more than 1 pip on popular assets
  • Deposit and withdrawal fees on some payment methods will cut into profits
  • Limited market access with only around 100 instruments - few stocks and no crypto

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.

Top 3 Alternatives to MTrading

Compare MTrading with the top 3 similar brokers that accept traders from your location.

  1. IG – Founded in 1974, IG is part of IG Group Holdings Plc, a publicly traded (LSE: IGG) brokerage. The brand-US offers spread betting, CFD and forex trading across an almost unrivalled selection of 17,000+ markets, with a range of user-friendly platforms and investing apps. For 50 years, IG has maintained its position as an industry leader, excelling in all key areas for traders.
    Go to IG
  2. Interactive Brokers – Interactive Brokers (IBKR) is a premier brokerage for experienced traders, providing access to 150 markets in 33 countries, along with a suite of comprehensive investment services. With over 40 years of experience, this Nasdaq-listed firm adheres to stringent regulations by the SEC, FCA, CIRO, and SFC, amongst others, and is one of the most trusted brokers for trading around the globe.
    Go to Interactive Brokers
  3. World Forex – World Forex is an offshore broker registered in St Vincent and the Grenadines, offering commission-free trading with a $1 minimum deposit and 1:1000 leverage. Digital contracts are also available, offering beginners a straightforward way to speculate on popular financial markets.
    Go to World Forex

MTrading Comparison Table

Compare MTrading With Similar Brokers
MTrading IG Interactive Brokers World Forex
Rating 2.8 4.4 4.3 4
Markets Forex, CFDs, indices, commodities CFDs, Forex, Stocks, Indices, Commodities, ETFs, Futures, Options, Crypto, Spread Betting Stocks, Options, Futures, Forex, Funds, Bonds, ETFs, Mutual Funds, CFDs, Cryptocurrencies Forex, CFD Stocks, Metals, Energies, Cryptos, Digital Contracts
Demo Account Yes Yes Yes Yes
Minimum Deposit $100 $0 $0 $1
Minimum Trade 0.01 Lots 0.01 Lots $100 0.01 Lots
Bonus 200% deposit bonus with MPremium 100% Deposit Bonus
Education No Yes Yes No
Platforms MT4 Web, ProRealTime, L2 Dealer, MT4, AutoChartist, TradingCentral Trader Workstation (TWS), Desktop, GlobalTrader, Mobile, Client Portal, AlgoTrader, OmniTrader, eSignal, TradingCentral MT4, MT5
Leverage 1:25 1:30 (Retail), 1:250 (Pro) 1:50 1:1000
Payment Methods 7 6 6 10
Visit Visit Visit Visit
Review IG
Interactive Brokers
World Forex

Compare Trading Instruments

Compare the markets and instruments offered by MTrading and its competitors. Please note, some markets may only be available via CFDs or other derivatives.

Compare MTrading Trading Instruments
MTrading IG Interactive Brokers World Forex
CFD Yes Yes Yes Yes
Forex Yes Yes Yes Yes
Stocks Yes Yes Yes Yes
Commodities Yes Yes Yes Yes
Oil No Yes No Yes
Gold Yes Yes Yes Yes
Copper No Yes No No
Silver Yes Yes No Yes
Corn No No No No
Crypto No Yes Yes Yes
Futures No Yes Yes No
Options No Yes Yes No
ETFs No Yes Yes No
Bonds No Yes Yes No
Warrants No Yes Yes No
Spreadbetting No Yes No No
Volatility Index No Yes No No

MTrading vs Other Brokers

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


Customer Reviews

  4 / 5

This average customer rating is based on 1 MTrading customer reviews submitted by our visitors.

If you have traded with MTrading we would really like to know about your experience - please submit your own review. Thank you.


MTrading is a good broker with acceptable spreads. DIfferent ways to fund account and withdraw money as well.

✍ Phuah Kow Wai | 🌐 Malaysia | February 19, 2024

Submit Your Own Review of MTrading

If you have experience trading with MTrading please share your personal review of the broker and what you think are strong and weak points. Thank you.

MTrading is an offshore broker that offers a simple trading experience through the MetaTrader 4 platform. There are over 100 tradeable assets with floating spreads starting at around 1.2 pips and leverage up to 1:1000. The brokerage has over a decade of experience in the online trading industry with hundreds of thousands of registered traders globally.


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.