MTrading vs WazirX

MTrading vs WazirX Comparison Table 2024
MTrading WazirX
2.8
Not Yet Rated

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.

WazirX is an Indian cryptocurrency exchange with several extra functionalities, including P2P trading, an NFT marketplace and Smart Token Funds.

Customer Reviews
4.3
Bonus Offer
200% deposit bonus with MPremium
Comment by Reviewer
"MTrading is best for beginners to intermediate traders looking for access to popular financial markets and copy trading tools."
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
Awards
  • Change Africa Summit Award 2019
  • FiNEXPO Best Broker 2019 & 2018
  • Best Forex Rebate Provider 2016
Instruments
Forex, CFDs, indices, commodities Cryptos
Demo Account
Yes No
Minimum Deposit
$100 INR 100
Trading Platforms
  • MT4
  • Own
Payment Methods
Minimum Trade
0.01 Lots $14.50
Margin Trading
No No
STP Account
No No
ECN Account
No No
DMA Account
No No
MAM Account
No No
PAMM Account
No No
LAMM Account
No No
Demat Account
No No
AI / Machine Learning
No No
Robo Advisor
No No
Negative Balance Protection
No No
Market Maker
No No
P2P Trading
No Yes
Spot Trading
No No
Mobile Apps
Yes iOS & Android
Auto Trading
Yes (APIs)
Copy Trading
Yes No
Copy Trading Platform
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.
Social Trading
Yes No
Trade Signals
Yes
VPS Hosting
No No
Tournaments
No No
Demo Competitions
No No
Ethical Investing
No No
Custodial Account
No No
Guaranteed Stop Loss
No No
Islamic Account
No No
Account Currencies
  • INR
  • UAH
Commodities
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. CFD trading not offered
Leverage
1:25
FTSE Spread
0.8
GBPUSD Spread
1.7
Oil Spread
9.0
Stocks Spread
Variable
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. Forex trading not offered
GBPUSD Spread
1.7
EURUSD Spread
1.2
EURGBP Spread
1.7
Assets
60+
Cryptocurrency
Crypto trading not offered WazirX is a crypto exchange with a wide range of tokens available for purchase using INR, USDT, BTC or the native WRX token.
Spread
Variable
Coins
  • BTC
  • USDT
  • FTM
  • ADA
  • HBAR
  • TRX
  • CELR
  • FRONT
  • WRX
  • MATIC
  • REN
  • POLY
  • IOST
  • ETH
  • IOTX
  • DOGE
  • PUSH
  • XRP
  • SHIB
  • KEEP
  • ATOM
  • ICP
  • CTSI
  • CHR
  • WIN
  • CKB
  • COTI
  • ALICE
  • DENT
  • BNB
  • DOT
  • CRV
  • AVAX
  • RUNE
  • DOCK
  • ARK
  • CVC
  • SXP
  • BTT
  • 1INCH
  • VET
  • BZRX
  • PNT
  • LINK
  • LUNA
  • LTC
  • SC
  • XLM
  • SNX
  • EGLD
  • PHA
  • LRC
  • NKN
  • FTT
  • REEF
  • ZIL
  • CAKE
  • DNT
  • XVG
  • ENJ
  • DGB
  • ALPHA
  • UNI
  • ETC
  • UFT
  • EZ
  • YFII
  • HOT
  • MDX
  • EOS
  • SAND
  • KMD
  • TKO
  • OGN
  • RLC
  • YFI
  • TRB
  • FIL
  • XEM
  • OMG
  • MANA
  • KSM
  • DATA
  • UMA
  • AXS
  • BAL
  • BCH
  • COMP
  • HNT
  • ZRX
  • BAT
  • MIR
  • DASH
  • ONT
  • XVS
  • ZEC
  • DCR
  • BUSD
  • PAXG
Crypto Lending
No No
Crypto Mining
No No
Crypto Staking
No No
Auto Market Maker
No No
More Comparisons
MTrading
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