MTrading Nigeria Review: Forex broker in Nigeria

Based in Belize, MTrading is Forex broker established in 2006 and it offers Forex trading on currency pairs, precious metals, indices, stocks as well as fossil fuels.  MTrading runs a Forex trading business that focus on providing a safe and easy trading experience for traders located South America, Asia pacific and upcoming markets of South Africa and Nigeria.  It will interest you to know that, Mtrading’s website was designed with the interest of Forex trader in mind. The website is not only user friendly but also very easy to get started with. You access majority of the information by clicking on a topic centre box.

Mtrading is a full service brokerage firm. It was authorized by the Belize international Services commission (IFSC).   MTrading is an authorized partner of Admiral Market.  It is important to know that, all customer’s transactions and orders on Mtrading platform are connected automatically to the Admiral Market AS servers.

Types of account at MTrading

There are two kinds of account at Mtrading. These accounts are well detailed on the MTrading website. The two accounts are;

  1. Mstandard Account
  2. Mpro Account
  • Mstandard account

This account is aimed at small and medium sized traders and investors that have the vision of spreading their portfolios. Mstandard minimum deposit is quite flexible offering over 30 currency pairs, metals CFDs for energies, stocks and indices.  Execution is immediate and a leverage of 1:500 is given. There is no commission attached and a small spread starting from 1 pip. The platform used for this account is MetaTrader 4. Another feature of this account is that, it affords traders opportunity to access Expert Advisors, market Analysis real time information and lots of other creative trading tool.

  • Mpro Account

This is the second type of account on Mtrading. It is similar to Mstandard account but ideal for Forex traders that are equipped with some trading experience.  Mpro account offers 27 currency pairs as well as market execution. The leverage involved here is 1:1000 along with a 0.1 pip. ECN trading can be done through Mpro Account.

Anyone who wishes to acquire experience without using their personal cash can make use of the Demo account made available by Mtrader. Once you have acquired relevant experience and you feel comfortable with the forex trading and forex market then, you can switch to the real account with your own money. No additional information is given regarding the demo account therefore, there is no information relating to the amount of virtual fund in the demo account and the length of time traders can use the Demo account.

Features of Mtrading

The features of Mtrading are as follows;

  • Mtrading website is very simple to navigate and also user-friendly
  • Much of the Mtrading information can be accessed through clicking n the box surrounding each topic
  • Withdrawal and deposit can be made through credit card, bank transfer or Netteller
  • Traders can work with several trading tool such as Autocharist which is the most advanced tool in the world that is used for automatic recognition of Fibonacci Patterns and chat patterns.

Conclusion

Mtrading is a renowned Forex broker with lots of interesting features and benefits. It’s a recommended forex broker for Nigerian traders.



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