Review of MTrading Broker: Critical Analysis
Our team conducted research on the new participant in the Forex market – MTrading. We have come to the conclusion that this company is not a reliable broker, but rather a fraudulent structure. The operating scheme of MTrading resembles the well-known MMM project, but without even the slightest chance of capital preservation.
Company Activity Review
MTrading started its operations in 2013, offering clients access to trading various financial instruments such as currencies, futures, stocks, CFD contracts, and cryptocurrencies. Although the corporation focuses more on CIS countries, it also aims to expand its presence in South America and Asia.
The broker is managed by ServiceComSvg Ltd, which is registered in Saint Vincent and the Grenadines. This island nation often becomes a haven for various fraudulent schemes. Our verification of the company’s address confirms that it is located at First Flour, First Saint Vincent Bank Ltd. Building, James Street, Kingstown, St. Vincent and the Grenadines.
Regulation and Legality
MTrading claims that its operations are regulated by the Financial Commission. However, it should not be forgotten that this commission does not possess full regulatory functions and is actually part of a clever scheme created by Forex market fraudsters themselves.
The Financial Commission, proclaiming its internationality, is actually a private organization registered in Hong Kong and controlled by individuals from CIS countries. Positive decisions of this fake commission do not actually mean anything, as it only covers the fraudulent actions of its members.
Trading Conditions and Terminal
The scammers at MTrading offer two types of trading accounts: M.Premium and M.Pro with minimum deposits of $100 and $1,000 respectively. It is important to note that the offered leverage of 1:1000 can lead to rapid loss of funds due to the peculiarities of working on the Forex market.
Undoubtedly, the MetaTrader 4 trading platform offered by the broker is widely used in the industry. However, it should be remembered that it can be used for manipulations and creating a false impression of trading.
Client Agreements and Reviews
The client agreements of MTrading contain many absurd provisions that are beneficial only to the company itself. The broker’s strategy is aimed at transferring risks to clients and depriving them of the right to appeal to a court in case of disputes.
Reviews about the company also confirm the dishonesty of its actions. Clients complain about non-payment of funds, account blocking upon withdrawal, and difficulties in interacting with the company’s management.
Conclusion
After analyzing the activities of the Forex broker MTrading, we have concluded that it is unreliable and openly engages in fraud. All presented facts and reviews indicate that this company is not a suitable partner for investments. We urge all potential clients to avoid partnering with MTrading and to remain vigilant toward such offers in the market.
