MTrading Review 2026
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.
| Founded | 2012 |
| Headquarters | Victoria, Seychelles |
| Instruments | 200+ |
| Platforms | MT4, MT5 |
| MetaTrader | Yes — MT4 and MT5 |
| Copy trading | No |
| Real stocks | No — 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.
| Regulator | Licence | Entity |
|---|---|---|
| FSA | SD064 ✓ | 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/USD | 0.9 pips pips |
| GBP/USD | 1.2 pips pips |
| USD/JPY | 1.0 pips pips |
| Gold (XAU/USD) | 24c/oz |
| S&P 500 | 0.5pt |
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.
| Entity | Regulator | Min deposit | Max leverage (forex) |
|---|---|---|---|
| MTrading (Pty) Ltd | FSA SD064 | $10 | 1:500 |
MTrading vs RoboForex
| MTrading | RoboForex | |
|---|---|---|
| Primary regulator | FSA SD064 | FSC 000138/210 |
| Min deposit | $10 | $10 |
| EUR/USD spread | 0.9 pips pips | From 0.0 |
| MetaTrader | Yes | Yes |
| Instruments | 200+ | 12,000+ |
| Copy trading | No | Yes |
| Withdrawal fee | None | Varies |
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
| FSA | SD064 — 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:
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.