MTrading Review 2026

4.0 / 5

Regulated broker with real licence numbers.

MTrading is a regulated CFD broker founded in 2012. It holds a FSA licence under number SD064.

The basics

MTrading was founded in 2012 and is headquartered in Victoria, Seychelles. It is privately owned. The broker offers CFDs on 200 instruments across forex, indices, commodities, and crypto. All positions are contracts for difference — there is no real asset ownership.

MetaTrader is available on all account types. Copy trading is not offered.

Founded2012
HeadquartersVictoria, Seychelles
Instruments200+
PlatformsMT4, MT5
MetaTraderYes — MT4 and MT5
Copy tradingNo
Real stocksNo — CFDs only

Is MTrading safe?

The Seychelles FSA is an offshore regulator. It requires broker registration and basic conduct rules, but does not offer the same client protections as the FCA, CySEC, or ASIC. There is no compensation scheme and leverage limits are not imposed.

RegulatorLicenceEntity
FSASD064 ✓MTrading (Pty) Ltd

You can verify the FSA licence at fsaseychelles.sc. The registration shows the entity name, authorisation status, and full permissions list. It takes under a minute.

MTrading spreads

These are the typical spreads on MTrading's standard account. Spreads vary by market conditions and account type. ECN or raw-spread accounts offer lower spreads in exchange for a per-trade commission.

EUR/USD0.9 pips pips
GBP/USD1.2 pips pips
USD/JPY1.0 pips pips
Gold (XAU/USD)24c/oz
S&P 5000.5pt

MTrading's EUR/USD spread of 0.9 pips pips is competitive for a retail broker without a per-trade commission.

MTrading withdrawal fee and processing time

Fee: None. MTrading does not charge deposit or withdrawal fees. Your payment provider may apply their own transfer fees.

Processing time: Instant to 24 hours for e-wallets. Bank transfers take 1 to 3 business days.

Withdrawal requests must pass identity verification before processing. If your account is not yet fully verified (proof of identity and address submitted), expect additional delays. Verified accounts follow the standard processing times above.

MTrading minimum deposit by entity

The minimum deposit depends on which MTrading entity serves your country. Offshore entities often allow lower minimums but with less regulatory protection.

EntityRegulatorMin depositMax leverage (forex)
MTrading (Pty) LtdFSA SD064$101:500

MTrading vs RoboForex

MTradingRoboForex
Primary regulatorFSA SD064FSC 000138/210
Min deposit$10$10
EUR/USD spread0.9 pips pipsFrom 0.0
MetaTraderYesYes
Instruments200+12,000+
Copy tradingNoYes
Withdrawal feeNoneVaries

Both brokers are regulated and legitimate. MTrading suits traders who value MetaTrader and algorithmic trading. RoboForex is better for traders who prioritise tighter spreads.

Regulation — the numbers that matter

FSASD064 — MTrading (Pty) Ltd

Leverage for retail clients in the EU and UK is capped at 1:500 on major forex pairs under ESMA rules. The offshore entity offers up to 1:500, but with lighter regulatory protection.

Pros and Cons

What works

  • FSA regulated
  • Very low minimum deposit ($10)
  • MetaTrader 4 and 5 available
  • No inactivity fee

What does not work

  • No tier-1 regulator (FCA/ASIC/CySEC) — offshore entity only
  • No copy trading
  • No real stock ownership — CFDs only

The verdict

MTrading is a legitimate, regulated broker. The FSA licence number SD064 is verifiable on the public register. It is best suited for traders who want MetaTrader on a regulated platform. Rating: 4.0 out of 5.

Alternatives to MTrading

If MTrading does not fit your needs, these regulated alternatives are worth comparing:

Swissquote
FINMA regulated · Min $1000
Read review →
RoboForex
FSC regulated · Min $10
Read review →
Dukascopy
FINMA regulated · Min $100
Read review →

Frequently asked questions

Is MTrading safe?

The Seychelles FSA is an offshore regulator. MTrading holds FSA licence SD064, which is publicly verifiable on the official register.

What is the MTrading minimum deposit?

The minimum deposit is $10. This applies to the main regulated entity. Some offshore entities may differ. See the entity table above for full breakdown.

What is the MTrading EUR/USD spread?

The EUR/USD spread on MTrading standard accounts is typically 0.9 pips pips. Spreads vary with market conditions. ECN or raw accounts offer lower spreads with a per-trade commission instead.

How long does MTrading take to process withdrawals?

Instant to 24 hours for e-wallets. Bank transfers take 1 to 3 business days.

Does MTrading charge withdrawal fees?

None. MTrading does not charge deposit or withdrawal fees. Your payment provider may apply their own transfer fees.

Does MTrading have MetaTrader?

Yes. MTrading supports both MT4 and MT5 on all account types. This allows automated trading, custom indicators, and expert advisors.

72% of retail investor accounts lose money when trading CFDs with MTrading. CFDs are complex instruments. Consider whether you can afford the high risk of losing your money.