MT5 Online trading foreign exchange brokers specializing in providing foreign exchange trading services, the company's official website https://mt5onlinetrading.com/user/signup.php, about the company's legal and temporary regulatory information, the company's address Hova House, 1 Hova Villas, Brighton & Hove, England, BV3 3DH, UNITED KINGDOM.
MT5 Online trading Forex Broker
Basic Information
United Kingdom
2-5 years Suspicious Regulatory License Suspicious Scope of Business High potential riskCompany profile
Rating Index
MT5 Online Trading Forex Broker - Complete Information Guide
1. Broker Overview
MT5 Online Trading, established in 2018, is an online trading platform that claims to operate from the United Kingdom. The company is privately owned and primarily serves retail clients looking to engage in forex trading. The broker offers a range of trading services that cater to both novice and experienced traders, aiming to provide a user-friendly experience in the financial markets.
The company has faced various challenges since its inception, particularly regarding its regulatory status and transparency. Despite these challenges, MT5 Online Trading has made strides in offering the MetaTrader 5 (MT5) platform, which is known for its advanced trading features and capabilities. The broker's main focus is on providing access to forex markets, but it also aims to expand its offerings in other asset classes as it develops.
As an MT5 Online Trading broker, the firm operates under a business model that emphasizes retail forex trading. However, the lack of a solid regulatory framework raises concerns about the credibility and reliability of its services.
2. Regulatory and Compliance Information
MT5 Online Trading operates without any legitimate regulatory oversight, which significantly undermines its trustworthiness. The absence of regulatory licenses raises red flags about the broker's credibility. According to available information, there are no valid regulatory numbers or licenses associated with the broker, indicating a potential risk for clients.
The company does not participate in any investor compensation schemes, which further heightens the risk for traders. In terms of compliance, MT5 Online Trading lacks robust KYC (Know Your Customer) and AML (Anti-Money Laundering) measures, leaving clients vulnerable to potential fraud and financial malpractice.
The lack of transparency regarding its operations and the unavailability of its official website make it difficult for potential clients to verify the broker's claims. Consequently, traders are advised to exercise caution and consider alternative, well-regulated brokers for their trading needs.
3. Trading Products and Services
MT5 Online Trading offers a selection of forex currency pairs, with a particular focus on major pairs. The broker claims to provide access to various trading instruments, including CFDs on indices, commodities, stocks, and cryptocurrencies. However, the specific number of available forex pairs and the range of CFD products are not clearly stated, leading to uncertainty about the breadth of its offerings.
The broker aims to keep its product offerings updated, but the lack of transparency regarding the frequency of updates and the introduction of new products raises concerns. While MT5 Online Trading promotes itself as a versatile platform, the actual availability of products may be limited, especially given its unregulated status.
The broker primarily targets retail clients, offering services that cater to individual traders. However, there is no mention of institutional services or white-label solutions, which may limit its appeal to a broader audience.
4. Trading Platform and Technology
As an MT5 Online Trading broker, the platform supports the MetaTrader 5 software, which is known for its advanced trading capabilities. The MT5 platform offers features such as advanced charting tools, technical indicators, and the ability to automate trading through Expert Advisors (EAs).
The broker does not provide its proprietary trading platform, relying solely on MT5 for its trading operations. The platform is available on desktop, web, and mobile devices, including support for iOS and Android applications.
The execution model used by MT5 Online Trading is not specified, leaving traders uncertain about the nature of trade execution—whether it is ECN, STP, or market making. Additionally, the broker's server locations and technological infrastructure are not disclosed, which could impact trading performance and execution speeds.
MT5 Online Trading does not appear to offer API access or support for automated trading strategies outside of the built-in capabilities of the MT5 platform. This limitation could deter traders who rely on sophisticated trading algorithms and custom indicators.
5. Account Types and Trading Conditions
MT5 Online Trading offers a standard account type, but specific details regarding minimum deposits, spreads, and commissions are not provided in the available information. The broker claims to provide flexible trading conditions, but the lack of transparency makes it difficult for potential clients to assess the true cost of trading.
While the broker may offer advanced account types, such as VIP or professional accounts, these details are not explicitly stated. The absence of information on Islamic accounts or institutional services further limits the appeal of MT5 Online Trading.
The leverage offered by the broker is also unspecified, which raises concerns about risk management. Additionally, the minimum trade size and overnight fees are not mentioned, making it challenging for traders to evaluate the overall trading conditions.
6. Fund Management
MT5 Online Trading supports various deposit methods, including bank transfers, credit cards, and electronic wallets. However, the minimum deposit requirements for different account types are unclear, which may create barriers for new traders looking to enter the market.
The processing times for deposits and withdrawals are not specified, leading to uncertainty about the efficiency of fund management. Furthermore, the absence of withdrawal methods and associated limits raises concerns about the broker's commitment to providing a seamless trading experience.
The lack of transparency regarding fees related to deposits and withdrawals further complicates the decision-making process for potential clients. Without clear information on the fee structure, traders may find themselves facing unexpected costs.
7. Customer Support and Educational Resources
MT5 Online Trading provides customer support primarily through email, but lacks options for phone or live chat assistance. This limited support system may pose challenges for clients seeking immediate help or real-time resolutions to their inquiries.
The broker does not appear to offer a comprehensive range of educational resources, such as webinars, tutorials, or eBooks, which are essential for traders looking to enhance their skills and knowledge. The absence of market analysis services, including daily reports or research, further detracts from the overall customer support experience.
While MT5 Online Trading may provide basic tools for traders, the lack of robust educational resources and market insights could hinder the growth and development of its client base.
8. Regional Coverage and Restrictions
MT5 Online Trading claims to serve clients primarily in the United Kingdom, but specific details regarding its regional offices and coverage are not provided. The absence of information about countries or regions where the broker does not accept clients raises concerns about its operational transparency.
Additionally, the broker's lack of regulatory oversight may limit its ability to operate in certain jurisdictions, particularly those with strict financial regulations. Potential clients are advised to verify the broker's status in their respective countries before proceeding with any trading activities.
In conclusion, while MT5 Online Trading claims to offer a range of services and features, the lack of regulatory oversight, transparency, and customer support raises significant concerns. Traders are encouraged to thoroughly research and consider alternative, well-regulated brokers to ensure a safe and reliable trading experience.
In summary, the MT5 Online Trading broker presents a mixed picture, with several potential risks that traders should be aware of.
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Latest Reviews
ただ
Japan
Check it out, please, please. The handling fee alone is 200,000.In addition to the communication fee, it is possible. We have been making inquiries here and there, but we have not been able to withdraw money, so we are in great trouble. I disposed of the important SD card while it was still attached to the TV, but part of it remains on the SD card. The explanation will be long, so I will send you a comment again with the evidence photo, so please help me. If you can't withdraw money, you can't pay off your debt. I don't have an SD card in this smartphone, so I'm keeping it separately. I'll contact you again later. Thank you very much Tadao Ogawa
Positive
2022-12-23
ただ
Japan
I have accounts with MT5 and BKYHYO.Ltd, both of which have money I can withdraw, but there are two women I met on line. One is a woman named Sugawara and another is Lisa, but mainly these two. Sugawara entered the line without permission first. lisa lisa is the same. Sugawara is not MT5, but another securities company, and lisa Lisa is related to MT5 and BKYHYO.Ltd. came. At first, 100,000 yen.The system of MT5.BKYHYO.Ltd will change in the middle of August, so 100,000 yen will be charged as a commission, and 100,000 yen will be sent to Sumitomo Mitsui Banking Corporation Umeda Branch in Osaka, and 100,000 yen will be sent to Chiba Bank Shin-Urayasu Station. From the branch, transfer, at first, I transferred the deposit of 100,000 yen to the Shizuoka branch of Sumitomo Mitsui Banking Corporation. In the middle of May, I started with 100,000 in my MT5 account, and now I have stopped trading. The first woman, Fujiwara, said that she would give me 5 million yen, and I got on with the story and started it. The securities company was different, but it was almost the same deal. The person disappeared, and a few days later, a woman named Lisa
37130
2022-12-23
FX4158041320
Taiwan
Introduced investment through ig, and downloaded MT5 from the invech corporation platform page. In the beginning, I made a little profit, and then I had to become a gold member if I wanted to withdraw money to participate in the anniversary celebration. The notice required you to pay 20% of the tax. After the payment was completed, it was said that there was a late payment fee that had to be paid before the withdrawal could be completed. When it was almost completed, the platform disappeared completely, and could not apply for withdrawal, and the people I knew disappeared.
Exposure
2023-03-23