Review summary
MTrade, operating for 5-10 years from its registered location in the United Kingdom, presents a complex profile for potential traders. The broker operates without any recognized forex regulatory licenses, categorizing it as an unregulated offshore entity lacking authoritative financial oversight. According to WikiFX data, MTrade's business scope has been flagged as suspicious, and it holds a low overall WikiFX score of 1.55. This assessment is supported by public exposure highlighting issues regarding withdrawal difficulties and unresponsive customer service. The broker offers trading accounts like the 'Pro' account with a minimum deposit requirement of $20,000 and leverage up to 500:1, alongside a 'Standard' account starting at $1,000, with both accounts permitting scalping and expert advisor use. Deposit methods include bank wire transfers with a $200 minimum and fees covered by the broker, though processing can take 2-5 days. Investors should note the inherent risks associated with engaging with an entity that operates without credible regulatory supervision. Note: Regulatory status, trading conditions, and risk assessments may vary by jurisdiction. The WikiFX score reflects currently available information.Please verify all entity details independently before trading. (Updated: 2026-04-08)
