Mt-Tra Forex Broker

MT TRA Forex Broker - Complete Information Guide

1. Broker Overview

MT TRA is an online trading platform that has been providing financial services since its establishment in 2012. The broker is headquartered in Saint Vincent and the Grenadines and operates several offices across various regions, including Latin America, Africa, and the Asia-Pacific. It is a privately held company, which means it is not publicly traded on any stock exchange.

Since its inception, MT TRA has focused on serving a diverse clientele, including both novice and experienced traders. The broker has developed a reputation for offering favorable trading conditions and a comprehensive educational program to support its users. With a commitment to continuous improvement, MT TRA has expanded its services to cater to the evolving needs of its clients.

Notably, MT TRA has reached significant milestones in its journey, with over 250,000 clients and more than 5,000 partners worldwide. The company operates under a financial services license and is a member of the Financial Commission, which provides an additional layer of security for client funds.

As a retail forex broker, MT TRA primarily focuses on offering online trading services in various asset classes, including forex, commodities, and indices. The broker's business model is designed to facilitate seamless trading experiences for its clients, ensuring that both beginners and professionals can navigate the financial markets effectively.

2. Regulation and Compliance Information

MT TRA operates under the regulation of the Financial Commission, an independent organization that offers oversight and dispute resolution services for financial services providers. However, it is essential to note that MT TRA does not hold a license from a tier-1 regulatory authority, which may raise concerns for some traders.

The broker's regulation details include:

• Regulatory Body: Financial Commission
• License Number: Not specified
• License Validity and Scope: The Financial Commission provides oversight and a compensation fund that covers up to €20,000 per claim.

MT TRA adheres to a strict Know Your Customer (KYC) policy, which requires clients to verify their identity before engaging in trading activities. This measure is part of the broker's commitment to Anti-Money Laundering (AML) practices, ensuring that all client transactions are legitimate and compliant with international standards.

Client funds at MT TRA are kept in segregated accounts, which helps protect them from potential operational risks. However, the lack of tier-1 regulation may be a concern for traders prioritizing safety and security in their investments.

3. Trading Products and Services

MT TRA offers a wide range of trading products to its clients, focusing primarily on forex and CFDs. The broker provides access to:

• Currency Pairs: MT TRA offers 38 currency pairs, including major, minor, and exotic pairs, catering to various trading strategies.
• CFD Products: Clients can trade CFDs on indices, commodities, stocks, and cryptocurrencies, providing diverse investment opportunities.
• Unique Products: MT TRA also offers specialized products such as PAMM accounts for investors looking to benefit from managed trading strategies without actively participating in the market.

The broker regularly updates its product offerings, ensuring that clients have access to the latest trading instruments. MT TRA focuses on providing a streamlined trading experience, particularly for retail clients, while also offering services tailored to institutional customers.

4. Trading Platforms and Technology

MT TRA supports the widely popular MetaTrader 4 (MT4) platform, which is known for its user-friendly interface and robust trading capabilities. The broker also offers the MT4 Supreme Edition, enhancing the standard MT4 features with additional tools and functionalities.

Key features of MT TRA's trading platforms include:

• Web-Based Platform: MT TRA provides a web-based trading platform that allows clients to trade directly from their browsers without the need for software installation.
• Mobile Applications: The broker offers mobile trading applications compatible with both iOS and Android devices, enabling traders to manage their accounts on the go.
• Execution Modes: MT TRA utilizes ECN and STP execution models, ensuring fast order processing and competitive spreads.
• Technical Infrastructure: The broker operates its servers in secure locations, ensuring minimal downtime and high availability for traders.
• API Access: MT TRA supports automated trading through its API, allowing clients to implement algorithmic trading strategies.

5. Account Types and Trading Conditions

MT TRA offers several account types to cater to different trading needs:

• Standard Account: This account requires a minimum deposit of $100 and features spreads starting from 1.2 pips with no commission.
• Pro Account: Designed for experienced traders, this account requires a minimum deposit of $500 and offers spreads starting from 0.0 pips with a commission of $4 per round lot.
• Demo Account: MT TRA provides a demo account for clients to practice trading strategies without risking real capital.

The broker offers a maximum leverage of 1:1000, allowing traders to amplify their positions. The minimum trade size is 0.01 lots, and overnight fees apply based on the positions held.

6. Fund Management

MT TRA supports various deposit and withdrawal methods, ensuring flexibility for its clients:

• Deposit Methods: Clients can deposit funds via bank transfer, credit/debit cards, and several e-wallets. The minimum deposit requirement varies by account type.
• Deposit Processing Time: Deposits are processed instantly for most methods, providing immediate access to trading funds.
• Withdrawal Methods: Withdrawals can be made through similar channels, with processing times ranging from a few hours to several business days, depending on the method used.
• Withdrawal Fees: MT TRA does not charge deposit fees, but withdrawal fees may apply depending on the chosen payment method.

The broker maintains a transparent fee structure, ensuring that clients are aware of any costs associated with their transactions.

7. Customer Support and Educational Resources

MT TRA provides robust customer support to assist traders with their inquiries:

• Support Channels: Clients can reach out via phone, email, and online chat for prompt assistance.
• Service Hours: The support team is available 24/7, ensuring that traders can receive help regardless of their time zone.
• Multilingual Support: MT TRA offers support in multiple languages, catering to its diverse clientele.

In addition to customer support, MT TRA provides a range of educational resources:

• Webinars and Tutorials: The broker hosts regular webinars and offers tutorial materials to help traders enhance their skills.
• Market Analysis: Clients have access to daily market insights, research reports, and trading signals to inform their trading decisions.

8. Regional Coverage and Restrictions

MT TRA operates globally, serving clients in various regions, including:

• Service Markets: The broker primarily focuses on markets in Latin America, Africa, and the Asia-Pacific.
• Regional Offices: MT TRA has established a presence in multiple countries, enhancing its ability to serve clients effectively.

However, there are some restrictions regarding client acceptance:

• Restricted Countries: MT TRA does not accept clients from certain jurisdictions, including the United States and countries with strict regulatory frameworks.

In summary, MT TRA is a broker that offers a range of trading products and services, backed by a commitment to client education and support. While it operates under the oversight of the Financial Commission, potential clients should consider the implications of trading with an unregulated broker.