SERVICECOM LTD
Founded in 2001
Online since 2013
No regulation (St. Vincent and the Grenadines)
As someone with years of experience in the trading industry, I've had the privilege of reviewing countless trading brokers. Today, let's dive into an emerging name in the market – MTrading. It's quickly catching the attention of traders, but, it is really the right choice for you? Read on to find out.
MTrading, an online trading broker, was launched by SERVICECOM LTD in 2013, although the company had been founded way back in 2001. It offers an array of features, including trading by phone, MAM, free education, segregated accounts, trading contests, personal manager assistance, PAMM, and even bonuses, which we'll discuss in detail later.
But first, let's address the elephant in the room!
As for regulation, MTrading does not possess serious regulation, which may be a downside for traders looking for security and reliability. Before trading with any broker, it's crucial to check their regulatory status as it often offers a layer of security for your investments.
One of the true highlights of MTrading is its extremely low minimum account size— just $10. This makes the broker accessible to novice traders or those who want to start trading with a smaller budget.
The minimum position size is 0.01, another testament to MTrading's commitment to accessibility. However, do note that MTrading is currently not accepting US traders. If you're based in the United States, feel free to skip this review or keep it bookmarked for possible future access!
Now, on to those features that make MTrading stand out.
Firstly, MTrading provides trading by phone – a handy feature for those who prefer verbal transactions or lack internet connectivity.
The broker also offers comprehensive free education and a personal manager feature, ideal for newcomers and those seeking to expand their trading skills. For experienced traders, MTrading offers MAM and PAMM accounts, allowing for multiple account management from a single interface.
What's more, MTrading organizes trading contests. Not only are these a great way to test your skills, they also offer the opportunity to win bonuses. Who doesn't love a bit of healthy competition?
However, there's a cryptically listed feature – Max leverage: recLg5mfiVF2pajoc. Unfortunately, without more information on the specified leverage, it's hard to comment on this offering's safety or utility.
MTrading offers low spreads which can be beneficial for traders, offering potential cost savings when compared to brokers with higher spreads.
MTrading has an average rating of 7.4, a decent score. The strong features, coupled with low minimum deposit and spread, are definite positives. The lack of serious regulation and inability to accept US traders however, are areas which may limit its reach and reliability.
Conclusively, whether MTrading is an ideal fit for you depends largely on your trading requirements and the risk you are willing to undertake. As always, I recommend doing in-depth research on your chosen broker before trading actively.