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MTI Markets (out of business) Review - Is it scam or safe?

MTI Markets Review - is mtimarkets.com scam or good forex broker?

RATING: 2 / 0 REVIEWS MTI Markets (out of business)
MTI Markets (out of business) is an offshore broker. Your money is not safe.

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Trading Accounts & Conditions

 

Account type

Minimum deposit 

Minimum trade size

Maximum leverage

Average Spreads (& Commission)                   

Mini STP

$100 

0.01

1:500

0.5 pips+ $25/lot

Standard STP

$1000 

0.01

1:400

0.5 pips + $16/lot

Pro ECN

$5000 

0.01

1:200

0.5 pips + $9/lot

  

MTI Markets offers several forex trading account types, all of which are said to offer No Dealing Desk execution, variable spreads and micro tradeable lots on the MetaTrader 4 platform. 

 

While the spreads offered by this broker are really good, averaged 0.5 pips for the EUR/USD pair, the commission fees which apply are pretty salty. In fact, trading costs for this pair amount to around 3 pips per standard lot on MiniSTP account (if we add the commission to the spread), which is way too much. In comparison, one may trade with spread averaged 0.5 pips on EUR/USD and commission of $7 per lot (roundturn) with FxChoice. For further information and comparison you may check out real-time spreads of 15 leading brokers here.

 

Also, keep in mind that MTI Markets doesn't offer its services to residents of certain jurisdictions such as the USA, North Korea, Myanmar, Sudan and Syria.

 

The Company. Security of Funds

 

Company

Country

Regulation

MTI Investments LLC 

Marshall Islands

N/A

 

MTI Markets is a STP/ECN broker that offers trading in forex, CFDs on indices, commodities and precious metals on the industry’s standard MetaTrader 4 platform.

 

The brand is operated by MTI Investments LLC, a company registered on the Marshall Islands. Brokers based in Marshall Islands are not under any regulation and you should be aware of all the risks associated with investing with offshore companies.

 

We generally advise traders to avoid offshore brokers and to invest with companies regulated by reliable authorities such as UK’s FCA, CySEC or Australia’s ASIC

 

Trading Platforms

 

Like most brokers, MTI Markets supports MetaTrader 4 (MT4), available as a desktop, web-based versions, and mobile applications.

 

The MT4 has been the favorite platform of both brokers and traders for over 10 years now and it seems that its fame is going away. The platform is user friendly, supports multiple types of orders, hedging, Expert Advisors (automated strategies) and third-party APIs.

 

Methods of Payment

 

MTI Markets offers its clients the following payment modes: credit/debit card, bank wire transfer, and popular e-wallets Skrill, Neteller, WebMoney, and Western Union.

 

Conclusion

 

MTI Markets is an offshore broker that provides online trading services in forex and various CFDs on the widely used MT4platform. Here are, in a nutshell, the pros and cons of MTI Markets:

 

Pros

Cons

Pure ECN/STP execution

Not regulated

Competitive spreads

High commission fees

MT4 available

 

 

Latest news about MTI Markets (out of business)
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Traders` reviews for MTI Markets (out of business)

Spread

Pros

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Slippage

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Requotes

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Price feed

Pros

Cons

 

 

Platform

Pros

Cons

 

 

Deposit/Withdraw

Pros

Cons

 

 

Customer service

Pros

Cons

 

 

Summary

Pros

Cons

 

 

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