MTrading Review

Review

MTrading, domiciled in Belize, offers Forex trading on currency pairs, precious metals, stocks, indices and fossil fuels. Their main focus is to provide a secure and easy trading experience for traders who reside in key cities in Asia-Pacific and the emerging markets of Africa and South America, including Thailand, Sri Lanka, Vietnam, Philippines, Bangladesh, India, China, Nigeria, Ghana, Egypt, Malaysia, Indonesia, Singapore, Nepal and the APAC region.

MTrading is a full service brokerage company authorized by the Belize International Financial Services Commission (IFSC). It is an endorsed partner of Admiral Markets AS, a broker authorized within the European Union by the Estonian Financial Supervision Authority (EFSA). All customers' trades and orders on MTrading platform are automatically connected to Admiral Markets AS servers.

Accounts

There are two different trading accounts at MTrading and they are heavily detailed on the site. The MStandard is geared towards small and medium size traders, as well as investors looking to spread existing portfolios. It has flexible minimum deposits, offers over 30 currency pairs, metals, CFDs for indices, energies and stocks. Execution is instantaneous and a leverage of 1:500 is provided. There is no commission and a small spread from 1pip. The MetaTrader4 is the platform used for this account. An MStandard Forex trading account also gives traders access to Expert Advisors (EAs), real-time information and market analysis, as well as host of other creative trading tools.  

The MPro account is similar to the MStandard account but is suitable to Forex traders with some trading experience under their belt. There are 27 currency pairs and market execution. Leverage is 1:1000 and in addition to a 0.1 pip, there is a commission of 0.0020%. ECN trading can be done through this account.

MTrader offers a Demo account to anyone who wishes to gain trading experience without having to use their own money. Once they feel comfortable enough with Forex trading and Forex markets, they can decide to move over to a live account with their own funds. There weren’t any additional details given about the demo account such as the amount of virtual funds made available or the length of time a trader can keep the demo account open.

Features

When doing this MTrading review, I found the website user-friendly and easy to navigate. Much of the information could be found with a click on the box surrounding each topic. I had a hard time, however finding certain vital information such as deposits and withdrawals was not so easily available. In fact, deposits as well as withdrawals can be made via bank transfers, credit card or Netteller.

Traders can take advantage of several trading tools to work with including Autochartist which is the world’s most advanced tool for the automatic identification of chart patterns and Fibonacci patterns. The Autochartist technology allows customers to monitor thousands of financial instruments 24 hours a day.

MTrading Autochartist

MTrading tries to cater to traders’ every need and they offer a variety of different services towards this end.  However, English is the only language offered to traders on the MTrading website.

MACI or Multi Account Copier for Investors is MTrading’s social platform which allows investors to profit by copying the orders of experienced traders. It is an account for signal receivers where they are able to choose from a range of managers and decide the one whose signals they want to receive and copy. Once an investor connects to a manager, the manager’s orders will automatically be copied into the investor’s account. The investor pays the manager a compensation for using the signals, either a profit fee or a volume fee.

MAMI, short for Multi Account Management for Investors, is a service that allows investors to profit without trading on their own. This is a very interesting service which entails both the manager and the investor opening separate accounts and then the manager does the trading for both accounts. More than one trader can make this connection and it is important for the traders to totally trust the manager to perform trades with their funds. All the profits are divided among the investors according to their shares in the combined account and the manager receives compensation for his participation in the process.

In addition, managers profit by allowing others to copy their trades (MACM) or allowing others to invest in the trading and sharing profits with them (MAMM).

When it comes to educational efforts, MTrader offers a series of free live webinars about Forex. The basic knowledge of Forex Markets is reviewed as well as various types of analysis, indicators, decision-making processes and trading strategies.

There are also detailed sections on both fundamental and technical analysis. In addition, wave analysis appears daily in 4-hour and 60-minute charts.

MTrading Wave Analysis

Customer Support

Contact can be made with customer service through email and telephone. Chat is not online during off Belize hours but a message can be left in the Chat box. I left a message during this review and someone responded despite my being in a different time zone altogether.

Conclusion

MTradeing is a well-positioned Forex broker with many interesting features and choices that should prove beneficial in the Pan-Asian countries. The limited information regarding the demo account is somewhat confusing but I assume more facts become available once the account has been opened.

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Features

Forex brokers try to offer something for everyone. Each broker must provide enough incentive to attract new clients and keeping the old ones satisfied sufficiently so they don’t wander off to another broker. MTtrading has a host of interesting features including a website that is easy to navigate. One thing I really liked was when I clicked on an item on the website, the information came up surrounded by a box. This is a nice feature that keeps things clear and understandable.

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Platforms

There are several different trading platforms as MTrading.

MetaTrader 4

MetaTrader 4 is still extremely popular among Forex traders and MetaQuotes Software, the company that developed it, has continuously been making improvements to the platform in order for it to be more powerful and secure. These additions have made the software even more user friendly and a pleasant experience to implement. There are several charting options with MT4 including nine available time frames, ranging from as short as a minute to as long as a month. In addition, there is a wide assortment of technical indicators.

MultiTerminal

MTrading’s MetaTrader 4 MultiTerminal isn’t offered very much by other Forex brokers but it is a nice addition to the platform line up by MTrading.  The MetaTrader 4 MultiTerminal allows traders to place a simultaneous order allocation with an unlimited number of trading accounts. MultiTerminal will let you place market and pending orders, view live market prices and monitor all account balances and account values in real-time.

Both of the above trading platforms are easily downloadable and can be used on a variety of mobile devices including the iPhone, tablet and all smartphones.

MT4 Supreme Edition

In addition to the other MT4 platform choices, MTrading has recently introduced the MT4 Supreme Edition platform which is a powerful plug-in with a variety of conveniences and performance-enhancing tools. Included in the lineup are tools such as the Mini Trader which simplifies and enhances order creation in a neat and compact window and the Trading Terminal which uses the Mini Trader terminal across multiple currencies. These tools are user-friendly and easy to understand.

MTrading MT4 Supreme Edition

The Mini Terminal, also in the MT4 Supreme Edition, is a useful analytic tool where traders can conveniently customize their account by setting their trading volume, trailing-stop, stop-loss or take-profit. A compact tab is created that displays the direction of the most recent market movements. 

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