MTrading review 2026

Hello, fellow investor! This review gives our honest opinion of MTrading, a broker specialising in contract for difference (CFD) trading. Facts were last checked in September 2026.

MTrading offers CFDs on currencies, commodities, stocks, indices and crypto. It does not provide access to real stocks or share ownership (more about the differences between CFDs and real products).

Furthermore, MTrading is registered in Saint Vincent and the Grenadines, whose Financial Services Authority does not license or supervise forex and CFD brokers.

This, together with MTrading’s focus on lightly regulated markets in Asia-Pacific, Africa and Latin America and its use of deposit bonuses, raises concerns about the safety of your money compared with brokers supervised by regulators such as the FCA in the UK, CySEC in the EU or ASIC in Australia.

Pros and cons

Trading platform

MTrading relies on the MetaTrader platforms, the standard in the CFD industry. On the one hand, this reinforces the reliability of its trading operations. On the other hand, you get fewer custom features than at brokers that develop their own platform.

MetaTrader 4 and MetaTrader 5 support algorithmic trading and include tools for advanced technical analysis. They suit experienced traders, while beginners may need time to get used to them.

WebTrader offers most of the desktop features without an installation, which is convenient if you use a shared computer or don’t want to install software.

All account types also come with mobile trading through the MetaTrader apps, useful if you want to place a trade on the go.

MetaTrader 4 Supreme Edition is a plug-in offered by MTrading that differentiates it from the standard MetaTrader 4 you can get at many brokers. It adds over 50 features, including:

• Advanced indicators (see the full list here).
• A mini terminal, which makes it easier to trade across multiple screens (read more here).
• A news feed.

These features come in handy in specific situations, but they can overwhelm beginners.

MetaTrader 4 MultiTerminal combines multiple trading accounts in one platform, which helps with risk management if you run several leveraged accounts.

Products and markets

MTrading only offers CFDs, with no real stocks or share ownership (more about the differences between CFDs and real products). Here is what each CFD category covers.

Currency CFDs

Currency CFDs are available on 38 currency pairs.

Commodity CFDs

Commodity CFDs are available on key metals such as gold (including gold priced in EUR), silver and platinum, and on energy products such as oil and natural gas. More niche commodities, such as grains, are not available.

Stock CFDs

Stock CFDs are available on selected large-cap stocks, mostly US companies, with a few international exceptions.

Index CFDs

Index CFDs cover ten of the largest world indices, which gives broad geographic coverage despite the small number of indices.

Crypto CFDs

Crypto CFDs are available on Bitcoin, Ethereum, Cardano and others.

The spreads and trading specifications of each contract are organised on one page here, although currency CFD details are not published there.

Fees

MTrading mainly uses a zero-commission model, meaning it makes money from the bid-ask spread on the instruments you trade. The M.Pro account instead charges a $4 fixed commission per lot in exchange for tighter (sometimes zero) spreads.

MTrading also charges a very high inactivity fee of $50 per month, so it is unsuitable for anyone who does not trade regularly. Its terms even allow it to take the remaining balance of a client who has been inactive for three years.

Some withdrawal methods are expensive too, with fees of 1% for credit cards and 3% for e-wallets. On a $1,000 withdrawal to an e-wallet, that is $30.

Safety and red flags

CFDs are widely used in the financial industry, but they are over-the-counter contracts with your broker rather than securities traded on a regulated exchange. When you trade CFDs, you depend on the broker’s pricing, execution and solvency, which is why the broker’s regulator matters so much.

MTrading is registered with the Financial Services Authority (FSA) of Saint Vincent and the Grenadines, an offshore jurisdiction. When you visit the FSA’s website, you get the following warning:

You can read the full warning here. In short, the FSA registers forex companies as ordinary businesses but does not license or regulate their forex activities, so trading with them is done at your own risk. This, together with the fact that MTrading does not serve retail clients in strongly regulated markets such as the US, UK and EU, is a red flag for us.

WikiFX, a website that collects information on brokers, has flagged MTrading with a clone warning and lists complaints from clients who say the broker treated them unfairly. You can review its findings here. Keep in mind that WikiFX’s own methodology is not transparent, so treat its warnings as a prompt for your own checks rather than proof.

More importantly, MTrading is on the Securities Commission Malaysia’s investor alert list for carrying on unlicensed capital market activities.

MTrading has a positive rating on Trustpilot. However, online review scores are easy to influence and say little about how a broker behaves when a dispute arises, so we give much more weight to regulation than to review scores.

On a positive note, MTrading is a member of the Financial Commission, a private self-regulatory body that helps clients settle disputes with member brokers and runs a compensation fund of up to €20,000 per complaint. That is useful, but it is not a substitute for supervision by a public regulator.

Account opening

MTrading has a quick account opening process, with three account types: M.Cent, M.Premium and M.Pro. You can compare them here.

M.Cent

M.Cent requires only a $10 deposit but offers a limited range of instruments (27 currency CFDs and a gold CFD) and smaller maximum order sizes. There is no commission, but spreads are wider than on M.Pro.

M.Premium

M.Premium requires a $100 deposit and offers the full range of instruments: 38 currency CFDs, 7 commodity CFDs, 10 index CFDs, 12 crypto CFDs and, most importantly, 67 stock CFDs, which are not available on M.Pro. There is no commission, but spreads are wider than on M.Pro.

M.Pro

M.Pro requires a $500 deposit and offers the same instruments as M.Premium, except stock CFDs. You pay a $4 fixed commission per lot in exchange for tighter or even zero spreads.

The account opening process is intuitive, and a demo account is available once you confirm your phone number and email address:

Once your account is set up, you can explore the platform. If you are happy with MTrading’s trading terms, you can deposit money and open a live trading account:

If you need help with the process, check the FAQ page here.

Supported countries

MTrading does not accept retail clients from the US, UK or EU, but it operates in over 100 countries. We did not find a full list of eligible countries, but the broker is especially active in lightly regulated jurisdictions and low to middle-income economies, particularly in:

• Asia-Pacific (Indonesia, Thailand, Malaysia, Pakistan, Vietnam).
• Africa.
• Latin America.

In Malaysia, note the Securities Commission investor alert mentioned above.