MTrading Review 2023

Besides PAMM accounts and copy trading, MTrading provides trading signals and educational tools for beginner traders. Given its high leverage and low commission-based trading account with raw spreads from 0.0 pips, MTrading is also ideal for algorithmic traders and scalpers.To get more news about mtrading review, you can visit wikifx.com official website.

Trading with a regulated broker will limit the potential for fraud and malpractice. I always recommend traders to check for regulation and verify it with the regulator by checking the provided license with their database. MTrading is an unregulated broker but a member of the Hong Kong-based Financial Commission. This results in a broker with oversight and an investor compensation fund from a trusted source.

MTrading operates out of St. Vincent and the Grenadines, where the financial regulator, the Financial Services Authority, does not regulate Forex brokers, as stated on their website.Despite the lack of regulation, St. Vincent and the Grenadines remains a primary location for offshore brokers, as it offers a business-friendly environment. Genuine brokers register as an international business company (IBC) in St. Vincent and the Grenadines and are permitted to operates as Forex brokers.

Countering the absence of regulation, trustworthy brokers become members of the Hong Kong-based Financial Commission. MTrading is a compliant member, segregates client deposits from corporate funds, and offers negative balance protection. It is an independent self-regulatory organization and external dispute resolution (EDR) body and has become more trusted than most regulators. It also maintains a compensation fund with coverage of up to €20,000 per claim. Members pay annual fees and submit financial results which the Financial Commission audits. It operates like a regulator but allows brokers to remain competitive in their offerings and flexible with their trading conditions.

Since MTrading is a member, has nearly a decade of operating history, and has a flawless record, traders can trust MTrading and its trading environment.
The commission-free MTrading trading account lists an average minimum spread of 1.2 pips for the EUR/USD or $12.00 per round lot, putting it in the higher range within competitive trading fee offers. The commission-based alternative offers Forex traders an average mark-up of 0.2 pips for a commission of $4.00 or a total fee of $6.00, ranking as a competitive offer. Equity CFDs and commodities also cost $4.00 per round trade.

One of the most ignored trading costs is swap rates on leveraged overnight positions. Depending on the trading strategy, it may become the most significant fee per trade. I always recommend that traders check them before evaluating the total trading costs.

MTrading offers traders a choice of 38 currency pairs, 7 commodities, 10 index CFDs, and 67 equity CFDs. The asset selection is limited, making MTrading a candidate for traders with a focused strategy that requires few assets. Since MTrading focuses on the most liquid trading instruments, scalpers will benefit the most from the asset selection at MTrading.

Retail traders get maximum leverage of 1:1000, but it decreases with position size, which I find an excellent offer. Negative balance protection exists, and I always recommend leveraged traders to ensure their broker offers it. Traders should also check the contract specifications, as a minimum margin applies.