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Score
Montenegro
1-2 yearsSuspicious Regulatory License
Suspicious Scope of Business
High potential risk
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Comparison
Quantity 7
Exposure
Score
Regulatory Index0.00
Business Index4.31
Risk Management Index0.00
Software Index4.00
License Index0.00
No valid regulatory information, please be aware of the risk
Single Core
1G
40G
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Company Name
MC Trading
Company Abbreviation
MC Trading
Platform registered country and region
Montenegro
Company website
Company summary
Pyramid scheme complaint
Expose
Unable to withdraw funds all the time
Unable to pass the review, now people who withdraw cannot log in.
Unable to withdraw funds, customer service is unresponsive, and the person who introduced me cannot be contacted.
The Audition Community and Space Community induced us to deposit and trade on the MC Trading platform. The platform was closed when I applied for withdrawal, and the total amount of money cheated is 218,000 USD.
MC Trading is a broker registered in Montenegro, offering over 500 kinds of investment instruments, including commodities, indices, cryptocurrencies and stocks. It supports trading on the globally renowned MT5 platform. However, it should be noted that it does not provide services for residents of the United States, Canada and Türkiye. Moreover, MC Trading is not regulated by any legal institutions.
Pros | Cons |
Multiple Trading Choices | Lack of Regulation |
Multiple Account Types | No Info on Fees |
Demo Accounts | Limited Info on Trading |
MT5 Trading Platform | High Minimum Deposit |
Geographic Restrictions |
MC Trading dose not pose a legal regulatory license.
It claims to be governed by the Commonwealth of Dominica under license number 2023/C0125, but the authenticity of this claim remains uncertain.
There are more than 500 types of trading instruments provided in MC Trading, which can be categorized into four main groups: commodities, indices, cryptocurrencies, and stocks.
Tradable Instruments | Supported |
Forex | ❌ |
Commodities | ✔ |
Indices | ✔ |
Cryptocurrencies | ✔ |
Stock | ✔ |
Mutual Funds | ❌ |
Bonds | ❌ |
MC Trading offers three types of live trading accounts: Gold account with a minimum deposit of $500, Platnium account with a minimum deposit of $1,000, and VIP account with a minimum deposit of $5,000.
In addition, it provides demo accounts with a virtual balance of $10,000.
However, information concering leverage, spreads and commission is not available on its website.
MC Trading only supports trading through MT5, a globally leading trading platform. However, it is uncertain whether MC Trading has got legal permission or license from MT5.
Trading Platform | Supported | Available Devices |
MT4 | ❌ | / |
MT5 | ✔ | Desktop, PDA, iPhone, iPad and Android |
Based on the FAQ at MC Trading's official website, it says that the methods for withdrawing are numerous and you can instantly request a withdrawal.
As for deposits, you can make them via Bank Transfer (EFT), SWIFT, Crypto Transfer, or Credit Card.
MC Trading allows contact through online chat, phone, email and physical address.
Contact Options | Details |
Online Chat | 5/24 |
support@mctrading.pro | |
Phone | +382 20 611 075 |
Physical Address | 8 Jepson Lane, St.Great George, Roseau, Dominica Marka Radovica bb, ul.A3 st64., Podgorica, Montenegro |
Supported Language | English |
Website Language | English |
MC Trading offers over 500 types of trading instruments and you can choose from three types of accounts suitable for trading on MT5. However, it is important to note that this broker is not subject to any legal regulation, so you are advised to stay away from such brokers.
Is it safe to trade with MC Trading?
No, trading with MC Trading is unsafe given the lack of legal regulation.
Are there any regional restrictions on MC Trading's services?
Yes, MC Trading does not provide services for residents of the United States, Canada and Türkiye.
What trading platform is available at MC Trading?
MC Trading supports trading on MT5 trading platform.
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