Score

3.17 /10
Danger

MTrading

United Kingdom

5-10 years

Regulated in United Kingdom

Common Business Registration

MT4 Full License

Suspicious Overrun

High potential risk

D
B

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Comparison

Quantity 9

Exposure

Time Machine
Website

Score

Regulatory Index1.25

Business Index7.70

Risk Management Index0.00

Software Index9.45

License Index1.25

The WikiFX Score of this broker is reduced because of too many complaints!
Time Machine
Website

Licenses

VPS Standard
No restriction on the broker account. Support service provided by WikiFX

Single Core

1G

40G

open now

Regulatory disclosure

Danger

MY SCM
2023-01-01

Broker Information

More

Company Name

Monetrix LTD

Company Abbreviation

MTrading

Platform registered country and region

United Kingdom

Company website

Facebook

Instagram

YouTube

Linkedin

Company summary

Pyramid scheme complaint

Expose

Check whenever you want

Download App for complete information

Warning: Low score, please stay away! 2
Previous Detection : 2025-07-09
  • The number of the complaints received by WikiFX have reached 7 for this broker in the past 3 months. Please be aware of the risk and the potential scam!
  • This broker exceeds the business scope regulated by United Kingdom FCA(license number: 16198039)Common Business Registration Non-Forex License. Please be aware of the risk!

WikiFX Verification

MTrading · Benchmark
Average transaction speed(ms)
929.6 Poor
The highest transaction speed(ms)
796 Poor
The highest speed of opening positions(ms)
797 Poor
The highest speed of closing position(ms)
796 Poor
The lowest speed of opening positions(ms)
1125 Great
The lowest speed of closing position(ms)
1047 Good
Ranking: 122 / 123
Test user 404
Transactions 1,928
Ocuppied margin $271,466 USD
Data Source WikiFX Data provide
Updated: 2025-07-08 01:07:00
Pyramid scheme complaint
Expose
    Sources
    MTrading · Company summary
    MTrading Review Summary
    Founded2012
    Registered Country/RegionSaint Vincent and the Grenadines
    RegulationFCA (General registration)
    Market InstrumentsForex, commodities, cryptos, CFDs, indices, stocks
    Demo Account
    Islamic Account
    LeverageUp to 1:1000
    SpreadFrom 0 pips
    Trading PlatformMT4, MT5, WebTrader
    Minimum Deposit$10
    Customer SupportLive chat

    MTrading Information

    MTrading was started in 2012 and is based in Saint Vincent and the Grenadines. It is regulated by the FCA (UK) through MONETRIX LTD. It has a lot of different trading instruments, like forex, commodities, crypto, indices, and CFDs. It also has account types for both new and experienced traders, and you can use several platforms such as MT4, MT5, and WebTrader.

    MTrading's homepage

    Pros and Cons

    ProsCons
    Regulated under FCAGeneral registered FCA license
    Various trading instruments
    Demo accounts
    MT4 and MT5 platforms
    Low minimum deposit ($10)
    No deposit/withdrawal fees
    Live chat support

    Is MTrading Legit?

    Yes, MTrading holds a general registered license from the Financial Conduct Authority (FCA) of the United Kingdom, with the licensed business MONETRIX LTD, having a Common Business Registration license, license number 16198039.

    General registered FCA license

    What Can I Trade on MTrading?

    MTrading has a lot of tradable assets, such as forex currency pairs, commodities, cryptocurrencies, indices, stocks, and CFDs.

    Tradable InstrumentsSupported
    Forex
    Commodities
    Cryptos
    CFDs
    Indices
    Stocks
    Bonds
    Options
    ETFs

    Account Type

    There are three primary types of live accounts at MTrading: All In Price (MT5), M.Premium (MT4), and M.Pro (MT4). The minimum deposit for all accounts is only $10, and the maximum leverage is 1:1000. You can get demo accounts and Islamic (swap-free) accounts if you want.

    Account TypeMinimum DepositLeverageSpreadCommissionSuitable for
    All In Price$10Up to 1:1000From 1 pip0Beginners wanting ECN execution with MT5
    M.PremiumTraders needing wide market access via MT4
    M.ProFrom 0 pips$4 per lotAdvanced traders wanting zero spread, MT4, ECN
    Account comparison

    Leverage

    MTrading gives its account types floating leverage of up to 1:1000, which lets traders handle big positions with a small amount of money. However, high leverage makes both possible gains and possible losses bigger, so traders need to be very careful with how they handle their risks.

    MTrading Fees

    Compared to other companies in the same field, MTrading's total trading fees are reasonable. The broker has tight spreads on its M.Pro account, starting at 0 pips, and charges $4 a lot in commissions. Its All-In Price and M.Premium accounts have spreads starting at 1 pip and no extra commission.

    Account TypeSpreadCommission
    All-In PriceFrom 1 pip0
    M.Premium
    M.ProFrom 0 pips$4 per 1.0 lot

    Non-Trading Fees

    Non-Trading Fees Amount
    Deposit Fee0
    Withdrawal Fee0
    Inactivity FeeNot mentioned

    Trading Platform

    Trading PlatformSupportedAvailable DevicesSuitable for
    MT4Windows, macOS, Android, iOSBeginners
    MT5Windows, macOS, Android, iOSExperienced traders
    WebTraderWeb/
    MT4

    Deposit and Withdrawal

    MTrading does not charge any deposit or withdrawal fees. The minimum deposit is $10.

    Deposit Options

    Payment MethodMinimum DepositMaximum DepositDeposit FeesDeposit Time
    Local Depositor$10 USD$10,000 USD$0Instant
    FPX50 MYR45,000 MYR
    Internet Banking
    Touch n Go
    Tether$50 USD$10,000 USD
    Neteller$5,000 USD/EUR
    Skrill
    Deposit and Withdrawal

    News

    ExposureMTrading Users Report Withheld Funds and High Withdrawal Fees

    Traders from Kenya and Thailand have had bad experiences with MTrading as they faced withdrawal restrictions, higher deposit fees, and refusal to release funds. Is MTrading safe to trade forex?

    WikiFX
    2025-05-03 12:48
    MTrading Users Report Withheld Funds and High Withdrawal Fees

    NewsMTrading’s 2025 "Welcome Bonus" is Here

    MTrading, a global forex and CFD broker has announced a New Year 2025 campaign, offering a $100 welcome bonus. This promotion aims to attract both new and experienced traders.

    WikiFX
    2024-12-24 19:38
    MTrading’s 2025 "Welcome Bonus" is Here

    NewsGold recovers from weekly low as US data, FOMC Minutes loom

    Market players brace for a slew of data/events on early Wed. .mmnesday as they consolidate the year-start moves amid mixed feelings. Even so, dovish Fed bias joins the China stimulus hopes to unde and Antipodeans. However, the odds of witnessing the US soft landing tests the US Dollar bears of late.

    WikiFX
    2024-01-10 18:18
    Gold recovers from weekly low as US data, FOMC Minutes loom

    NewsGold marches toward $2,100 amid downbeat US Dollar, cautious optimism

    Global markets remain dicey during the year-end holiday season, especially amid a light calendar and off in the UK, Europe, Canada and Switzerland.

    WikiFX
    2023-12-27 15:08
    Gold marches toward $2,100 amid downbeat US Dollar, cautious optimism

    User Reviews

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    User comment

    17

    Comments

    Write a review

    Vic93
    more than one year
    not recommend to use this broker, scam highly suspect just market manipulatr the market
    not recommend to use this broker, scam highly suspect just market manipulatr the market
    Translate to English
    2025-04-28 12:53
    Reply
    0
    0
    FX2764550890
    3-6months
    Issues with withdrawal.....minimum withdrawal requirements and excess charges on deposit. Low conversion rates for withdrawals and high fees for deposits
    Issues with withdrawal.....minimum withdrawal requirements and excess charges on deposit. Low conversion rates for withdrawals and high fees for deposits
    Translate to English
    2025-02-26 15:33
    Reply
    0
    0
    9