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MTrading Review - Is it scam or safe?

MTrading Review - is mtrading.com scam or good forex broker?

RATING: 2 / 4 REVIEWS MTrading
MTrading 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  Spreads Execution
M.Premium $100 0.01 1:1000 From 1.0 pips Instant
M.Pro (ECN) $500 0.01 1:1000 From 0 pips + $3* Market

*Commission is calculated per standard lot (100 000 base units) per side.

 

MTrading offers its clients a choice of 2 basic account types – a commission-free one, called M.Premium, and an ECN account, called M.Pro. Both account types offer variable spreads a leverage up to 1:1000.

 

Micro lots are available for trade solely on the M.Premium account. This account offers a richer product portfolio (including stock, index, commodity and cryptocurrency CFDs), which is a little bit unusual. On the other hand, solely ECN account holders have access to Social Trading, Managed accounts (MAM Investor), and Autochartist.

 

In fact, the typical spreads on the M.Premium are average for the foresx industry, falling within the average range of 1.0 - 1.5 pips on EUR/USD. The average trading costs on the ECN account, on the other hand, are below 1 pip for this pair, which is a really attractive pricing.

 

In comparison, Belize-based FX Choice, a company with more 10 years of experience with online forex trading, offers average variable spreads of 0.5 pips on EUR/USD + $7 per lot (round turn) on its ECN accounts. For further information, you may check out and compare real-time spreads of 15 leading brokers here.

 

As regards the leverage, we find the maximum leverage level offered by this broker too high (1:1000). Proper risk management is difficult with such leverage ratios, so consider it carefully beforehand. 

 

The Company. Security of Funds  

 

Company Country Regulation
ServiceComsvg Ltd. St. Vincent and the Grenadines N/A

 

MTrading is an ECN/STP offshore broker offering trade in around 31 currency pairs, various energy, indices and stock CFDs, as well as precious metals and cryptocurrencies on the popular MetaTrader 4.

 

The company behind the brand is ServiceComsvg Ltd. - a Financial Services Company, registered offshore, in SVG. Previously, it was licensed by Belize's IFSC. The broker operates in key cities in Asia-Pacific and the emerging markets of Africa and South America.

 

Brokers in St. Vincent and the Grenadines follow simple registration procedure and don’t have to comply with any requirements as regards minimum capital or segregation of client’s’ funds. Still, investing in companies registered in offshore zones is risky and if you intend to invest a large amount of money, we would advise you to select among brokers licensed in UK, or Cyprus, for instance, where regulation is strict and there are compensation schemes, which will protect your money if your broker becomes insolvent.

 

Trading Platform

 

MTrading offers its services on the popular MetaTrader 4 platform (MT4). The MT4 is available as PC, web and mobile versions.

 

This fully-featured software provides traders with everything they need: ease of use, a number of technical analysis indicators, advanced charting package and the ability to develop and use Expert Advisors (EA). There are many different time frames to choose from and you can place a trade with a single click or within a chart.

 

Furthermore, Mtrading offers its clients its customized version of the platform, called MT4 supreme with some interesting features (and a design in pink & purple). There is a Mini Terminal for fast and simple trade management, a Trade Terminal (which combines Mini Terminal features and new functionality for smooth trade management), Tick Chart Trader For simplified chart tracking, and Indicator Solutions. The Indicator Solutions Feature keeps track of your order history, and enables access to trading signals.

 

Methods of Payment

 

Clients of MTrading are offered a variety of payment modes to choose from: credit/debit cards, bank wire transfers, and the following e-wallets Skrill, & Neteller.

 

Conclusion

 

MTrading is an offshore ECN/STP broker, offering competitive conditions for trading in various currency pairs and CFDs on the MT4 platform. Its main disadvantage is the light-touch regulation. To sum up the above: 

 

Pros Cons
MT4 supported Registered offshore
Competitive spreads   No choice of trading platforms
ECN/STP execution, diversified product portfolio Too high leverage levels

 

Latest news about MTrading
No news about MTrading . Check back later.
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Traders` reviews for MTrading

Spread

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Slippage

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Requotes

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Price feed

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Platform

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Deposit/Withdraw

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Customer service

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Summary

Pros

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Lost money in Forex trading with Mtrading India? You can get back your Money!

Forex trading is not legal in India and many of companies in India take advantage and take clients for a ride. 99% of Forex brokers are fraud. There is no difference in Demo and Live Account and Client loss is broker Profit and Client profit is broker loss. Unfortunately in this Market 97% people lose money, it all go to broker’s pocket.
Mtrading operations and there existence is not legal in India. They collect client deposit to local bank accounts and later show credit to Mt4 accounts it’s a clear case of money laundering ED should take a note of this and investigate.
Many of the brokers in India are white labels they just use only a global company trademark registered in another country by paying nominal fee. Whatever business they collect in local bank accounts is net there profit.
Many people think they have lost money in forex trading No you are wrong you have been deceived.
Every dollar you have lost in Mtrading can be recovered back.
This is same company by name Admiral Markets which had returned their clients’ money in full after filing a complaint. Later they changed company name to Mtrading
There is no trading happens in Mtrading what all you have deposited in there account is there profit.
They share their profit with marketing executives who bring clients to invest and trade.
Company owner in charge is Ashwin Peshwani the one who was accused of cheating 1crore and had returned every single rupee to the client after his bank account and company operation was seized.
This is how it works Example : Mtrading executives will convince client to fund for 5000$ once client funds are trades and lose money, as we have said none of the trades are valid and deposits stays with Ashiwn Peshwani. Executive will get 20% of the 5000$ and IB's will get spread commission of 50 - 100$ depend up on the trades.
Those investors who are determine to get back have got their money back, all you have to do is stay strong you will get back your money.
DO share this details to reach more people. Those who have lost can get united and file complaint that will have better impact and you can successfully recover lost money. Let’s shutdown forex trading brokers blade companies like Mtrading and its owners Ashwin Peshwani and his partners.
For more details mail us [email protected]

Prakasha Ramappa 05/13/2018

Katie Lanz has nothing to do with this broker

It's a shame you had to face such difficulties. But, to an extent, it's kinda your fault. How could you be so naive and give your money to a person you hardly know? Plus, as we found out, Katie Lanz has nothing to do with this broker. It's just that I also trade with this broker and I've never had any problems with it.

Apliks 03/20/2018

Answer to the previous review

Hello Charles,

As communicated to you both via email and on FPA official review page, we have no connection to "Katie Lanz".

Your mention of her is the first time I hear about her. If you were to research her name, you would find that according to her facebook profile, she has herself market as "Zonal Business Head at "Ironfx". Therefore please reconsider your accusations as she has absolutely nothing to do with us.

Damaging MTradings reputation on numerous platforms without any evidence is not acceptable and can result with legal actions.

If you want to discuss the details further, please feel free to get in touch with us directly.

Best Regards,

Dominic Scott 08/28/2017

MTrading - Katie Lanz SCAM

Katie Lanz introduced me to this Mtrading. Katie gave full confidence and confirmation that she will trade for me. I deposited $100 and within few hours, everything vanished from my account. Katie Lanz is also vanished from FB account and unable to contact her now.

Please DONT go with such platforms. People are thinking differently to deceive.

HOW CAN PEOPLE DECEIVE LIKE THIS.

Charles 08/09/2017
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