Mtrading is a broker that provides investors with trading services in metals, energy, stocks, and indices. The Mtrading official website supports Simplified Chinese, English, Spanish, Russian, Indonesian, Malay, Vietnamese, and Thai as languages of use. The account registration page on the Mtrading official website also supports Simplified Chinese, English, Spanish, Russian, Indonesian, Malay, Vietnamese, and Thai.
Corporate Background:
Information on the Mtrading official website indicates that the company is registered in Saint Kitts and Nevis, but the registration information of the company in Saint Kitts and Nevis cannot be verified online. The Mtrading official website shows that its associated company ServiceComsvg LLC is registered in Saint Vincent and the Grenadines, with the information confirmed as true through a search on the website of the Financial Services Authority of Saint Vincent and the Grenadines (SVGFSA). Additionally, according to the domain name registration information obtained through a Whois search, the company's official website domain name was registered on May 10, 2004, and it has been nearly 20 years since the domain name was registered.
Account Registration:
Information on the Mtrading official website shows that the company provides a link for investors to register a real account. The method to register a real account is as follows: click on "Open account" at the top right corner of the Mtrading official website or "Start Trading" on the left side, then select or fill in information like Email, name, phone number as required, and complete the registration of the real account after activating via Email. The account registration page on the Mtrading official website supports multiple languages including Simplified Chinese, English, Spanish, Russian, Indonesian, Malay, Vietnamese, and Thai. However, the Mtrading official website does not provide a registration link for a demo account.
Account Types:
The Mtrading official website provides information about three account types available to investors: M.Cent, M.Premium, and M.Pro. The Mtrading official website also details the differences between these three account types in terms of minimum deposit, trading products, spreads, commissions, maximum position and pending order quantities, and so on.
Trading Products:
Mtrading displays its trading services for metals, energy, stocks, and indices in the "Account Types" section on the official website. In addition, the Mtrading official website provides specific trading products covered by metals, energy, stocks, and indices, as well as detailed information on spreads, overnight interest, minimum trade size, maximum trade size, initial margin, trading software, trading hours, and commissions for these products.
Leverage:
Mtrading not only shows the maximum margin ratio offered for different account types in the "Account Types" section on the official website but also provides margin ratio information for specific trading products covered by metals, energy, stocks, and indices in the "Margin Requirements" section.
Trading Hours:
The Mtrading official website provides trading hours information for specific trading products covered by metals, energy, stocks, and indices.
Deposits and Withdrawals:
Mtrading only displays supported deposit and withdrawal methods and channels on the official website, including wire transfer, online banking transfer, VISA, Mastercard, FPX, Skrill, NETELLER, FasaPay, Perfect Money, etc., but does not provide information about supported currencies for deposits and withdrawals, fees, or timing for these processes.
Trading Software:
Information on the Mtrading official website shows that the company provides investors with the MetaTrader4 (MT4) trading software, which typically supports computer versions (Windows/MacOS), a web version, and mobile versions (iOS/Android). However, in some countries or regions, the Android version of the MT4 software may encounter issues with being unable to download and install or with slow download and installation speeds.
Additional Services:
The Mtrading official website informs that the company provides investors with services such as market insights and education. The market insight reports include fundamental analysis of the financial markets and technical analysis of trading products, while education services encompass spreading knowledge on fundamental and technical analyses, investment techniques, and more.
Regulatory Information:
The Mtrading official website does not provide information about any regulatory or authorization obtained by the company. Furthermore, the Financial Services Authority (SVGFSA) of the jurisdiction in which Mtrading's associate company ServiceComsvg LLC is registered, Saint Vincent and the Grenadines, does not "regulate, monitor, authorize, or license" business companies (BC) that engage in forex trading or brokerage activities.
Conclusion:
There is a suspicion of fraud associated with Mtrading. Although the registration information for Mtrading's associated company ServiceComsvg LLC in Saint Vincent and the Grenadines is genuine, and Mtrading's official website provides detailed information on account types, trading products, and deposit and withdrawal details, the official website does not provide any regulatory or authorization information for the company. Moreover, the Financial Services Authority (SVGFSA) of ServiceComsvg LLC's registration jurisdiction, Saint Vincent and the Grenadines, does not "regulate, monitor, authorize, or license" business companies (BC) that conduct forex trading or brokerage activities. Based on this information, there is suspicion of fraudulent activities with Mtrading, and investors are advised to be cautious in choosing the services provided by this company. Traderknows reminds you to be aware of the safety of your assets and avoid falling into fraud traps.
