OKEx vs MTrading

OKX vs MTrading Comparison Table 2024
OKX MTrading
4.1
2.8

OKX is a respected cryptocurrency firm, established in 2017, that offers a large suite of products, from mining pools to NFTs. Traders can access over 400 crypto tokens via OTC trading and derivatives. With an excellent web platform, developer tools and dynamic charts, OKX is a popular choice for technical traders.

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.

Customer Reviews
4.5
Bonus Offer
$10 in BTC 200% deposit bonus with MPremium
Comment by Reviewer
"OKX is a top pick for crypto traders looking for emerging coins and crypto projects to invest in. Traders can also make use of the broker's copy trading service and automated bots." "MTrading is best for beginners to intermediate traders looking for access to popular financial markets and copy trading tools."
Pros
  • There's an impressive range of blockchain products, including DeFi services, NFTs and games, alongside 400+ established and emerging coins
  • You can access a wide range of trading products, including futures, options and perpetual swaps via a mobile app or desktop platform
  • OKX maintains an excellent reputation with 20 million global clients and a license from the Dubai Virtual Assets Regulatory Authority
  • Traders can access historical market data for spot and futures combining OHLC data, aggregate trades and trading history
  • There's a vast developer lab plus access to a marketplace of pre-built trading bots with auto-arbitrage
  • Active traders can expect competitive maker and taker fees, from 0.02% and 0.05%, respectively
  • Crypto staking and pools are available with competitive mining fees from 2%
  • 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
  • The firm offers limited regulatory oversight, though this is common among crypto brokers
  • The quality of customer support was inconsistent based on testing
  • The broker's platform and features may be complex for novices
  • 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
Spot, futures, perpetual swaps, options Forex, CFDs, indices, commodities
Demo Account
Yes Yes
Minimum Deposit
10 USDT $100
Trading Platforms
  • AlgoTrader
  • MT4
Payment Methods
Minimum Trade
Variable 0.01 Lots
Regulator
VARA
Margin Trading
Yes 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
Yes No
Spot Trading
Yes No
Mobile Apps
Android & iOS Yes
Auto Trading
Yes Yes (APIs)
Copy Trading
No Yes
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
No Yes
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
  • USD
  • EUR
  • GBP
  • INR
  • JPY
  • SGD
  • RUB
  • AED
  • SAR
Commodities
CFD Trading
CFD trading not offered 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.
Leverage
1:25
FTSE Spread
0.8
GBPUSD Spread
1.7
Oil Spread
9.0
Stocks Spread
Variable
Forex Trading
Forex trading not offered 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.
GBPUSD Spread
1.7
EURUSD Spread
1.2
EURGBP Spread
1.7
Assets
60+
Cryptocurrency
OKX continues to offer a superb selection of 400+ tokens including Bitcoin and Ripple. You can buy and sell tokens or trade cryptos on margin via derivatives, including perpetual swaps, options and futures. OKX stands out for its low fees, extensive range of tokens and speedy crypto transactions. Crypto trading not offered
Spread
Variable
Coins
  • BTC
  • XCH
  • ETH
  • OKB
  • OKT
  • LTC
  • DOT
  • ADA
  • DOGE
  • XRP
  • USDT
  • ICP
  • BCH
  • LINK
  • XLM
  • ETC
  • MATIC
  • THETA
  • UNI
  • TRX
  • EOS
  • FIL
  • XMR
  • NEO
  • USDC
  • AAVE
  • SHIB
  • LUNA
  • KSM
  • BSC
  • ATOM
  • IOTA
  • ALGO
  • XTZ
  • CRO
  • MKR
  • BTT
  • CEL
  • LEO
  • WBTC
  • WAVES
  • KLAY
  • DASH
  • XEM
  • COMP
  • SNX
  • ZEC
  • DCR
  • SUSHI
  • SOL
  • EGLD
  • DAI
  • BTG
  • ZEN
  • NANO
  • KISHU
Crypto Lending
Yes No
Crypto Mining
Yes No
Crypto Staking
No No
Auto Market Maker
No No
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