Is MTRADING safe and legit? Full review
MTRADING is regulated by The Financial Services Commission (FSC) and was established in 2017. It offers three account types with a minimum deposit of $10 and maximum leverage up to 1:8888, and it uses the MT4 and MT5 platforms under full license authorization. Customer service supports six languages, and the broker has an influence rating of B. Available advantages include FSC regulation, a full-license MT4/5 platform, and multiple account types; noted disadvantages include multiple disclosures and a high number of user complaints.
Regulatory Compliance and Security
MTRADING is regulated by The Financial Services Commission (FSC), with the regulated company listed as MTR Invest Ltd. The regulator is based in Mauritius, and the regulation number is GB23202639. The regulatory status is Regulated (States: 600), with a safety level of Level 1.
Account Type
Trading software
MTRADING uses the MT4 and MT5 trading platforms, both listed with full license authorization. The review notes that MT5 is highly customizable, available in multiple languages, has clear expense reports and a good search function, but lacks two-step login and biometric authentication. The software experience is rated Perfect.
MT4/5 Server Distribution:
- MT5: Mtrading-Live servers in the United Kingdom, Singapore, Indonesia, India, and Hong Kong.
- MT4: Mtrading-Live and Mtrading-Demo servers in Hong Kong, Indonesia, United Kingdom, Singapore, and India.
Mobile Support:
- iOS, Android, Windows, macOS, Web, and other applications are not supported.
Customer Service
Customer service is available in 6 languages, including English, with contact possible via Email and IM App for most inquiries.
⚠️ Response times may be lengthy.
Influence
MTRADING has an influence rating of B. Its influence is mainly distributed in the United Arab Emirates, Australia, Bangladesh, Belgium, Bulgaria, Brazil, Canada, Germany, Algeria, and Egypt, with an average influence index of 6.04.