MTrading review.

Overview

TrueBroker is a free broker safety checker, and this page is our review of MTrading, scored 5.7 out of 10 across regulation, fees, platform, support and reviews. Our previous review of this firm scored it 2.8/10; that figure is superseded by this one, and the move reflects a rebuilt assessment against current evidence, not any change at the firm itself. Regulation still sits low at 1.5, which is the weight this review gives to a company register entry that is not a financial-services licence. Fees score highest at 9, built on a published zero-fee deposit page and a clearly stated $100/month inactivity charge rather than vague claims. Platform (5.9), support (5.3) and reviews (6.7) sit in the middle, reflecting a firm with working MetaTrader infrastructure and live-chat contact, but also a set of contract terms, a client-fund segregation disclosure, and a marketing/risk-disclosure contradiction on negative balance protection that this review weighs into the total.

MTrading is the trading brand name under which ServiceComsvg LLC operates the website mtrading.com. ServiceComsvg LLC is registered in Saint Vincent and the Grenadines as an LLC, registration number 1593 LLC 2021, incorporated 2021-11-18. We searched the Saint Vincent and the Grenadines FSA entity name search directly and confirmed the company there: status Active, LLC-Continued, registered agent Euro-Caribbean Trustees Ltd. That register records company formation, not a financial-services licence, so this confirms who ServiceComsvg LLC is as a registered company, and nothing about its authorisation to handle client trading funds.

Who ServiceComsvg LLC is, and a discrepancy worth flagging

ServiceComsvg LLC’s own Terms and Conditions give two different addresses for the same entity: a notices address at Unit 5, Long Stone House, PO box 1200, Main street, Charlestown, Nevis (Terms clause 1.1), and a separate registered address in the site-wide footer at PO Box 2897, Euro House, Richmond Hill Road, Kingstown, Saint Vincent and the Grenadines, VC0100. Both appear on the firm’s own pages. We did not find anything in the fetched pages that reconciles the two, so a reader trying to establish exactly where they are contracting with should be aware both addresses are in circulation under the same company name.

What MTrading charges, and what its terms allow

The firm’s own fee material states zero-fee deposits and instant withdrawals via Visa/Mastercard, Skrill/Neteller, SWIFT and local banking. Set against that, the Terms and Conditions impose a $100 per month inactivity fee on each separate inactive trading account or wallet once a year passes with no deposit, withdrawal, or position opened or closed (swaps, commissions and dividends applied automatically do not count as activity). The same clause (7.1(vii)) gives the company the right to expropriate the balance of an account left inactive for three years, with open trades forcibly closed at market price.

The Terms and Conditions also give ServiceComsvg LLC broad discretion over client money and orders. Section 3.8 lets the company withhold or deduct from a withdrawal where open contracts show notional losses, where funds “may reasonably be required” for future margin, or where there is an unresolved dispute. Section 7.5 lets the company set off a client’s credit balance against sums it says are owed, “in its absolute discretion and without notice to the Client.” Section 5.4 allows an order to be rejected or re-quoted at the broker’s absolute discretion. And under the Risk Warning and Risk Disclosure Section 13 (Insolvency), money used to secure margin is transferred to ServiceComsvg LLC’s own ownership, is stated as not subject to segregation or client-money rules, and “may therefore be irrecoverable in the event of an insolvency or default of MTrading.”

Separately, marketing and FAQ pages state clients are covered by negative balance protection and will never owe more than your account balance, while the Risk Disclosure states under weekend risk, trading suspensions and position monitoring that a client “will remain liable for any resulting shortfall” or deficit in those scenarios. Both statements are on the firm’s own pages and they contradict each other on a point that determines how much a client can lose.

Platforms and markets

MTrading’s own platform pages list MetaTrader 4, MetaTrader 5 and WebTrader. The MT5 download page describes trading major, minor and exotic currency pairs, major stock indices, commodities including gold, silver, crude oil and natural gas, and cryptocurrencies such as Bitcoin, Ethereum and Litecoin. A dedicated CFD stocks page advertises “20+ top stocks from tech giants to global brands.” The UAE-facing page separately advertises “1:8888 Leverage” billed as “Asia’s Highest,” alongside “200% Deposit Bonus,” “Floating Bonus” and a claim that “94% of traders Boost their Capital with our Bonuses” with no methodology given for that figure.

Warning-list search

We searched 1,441 warning-list entries mirrored from CYSEC, the FCA and FSC Mauritius, and MTrading appears on none of them. Two similarly named entries do appear on those lists and are not this firm: the FCA register lists “FXTM TRADING/fxmarket-trading.com” as Unauthorised, describing it as impersonating FXTM; and FSC Mauritius named “FXMTrading” in an Investor Alert (published 11 April 2014) for carrying on financial services business without a licence. Neither entry is ServiceComsvg LLC or the mtrading.com brand reviewed here, but a reader searching for “MTrading” could land on either by mistake.

Overview Table

Facts List

• MTrading is a trading brand of ServiceComsvg LLC, registration number 1593 LLC 2021, confirmed as an active company in the Saint Vincent and the Grenadines FSA register.
• That register confirms company formation, not a licence to provide forex or CFD brokerage services.
• ServiceComsvg LLC’s own Terms give two different addresses for itself: one in Nevis (clause 1.1) and one in Saint Vincent and the Grenadines (site footer).
• The firm’s fee pages advertise zero-fee deposits and instant withdrawals via cards, Skrill/Neteller, SWIFT and local banking.
• The Terms and Conditions set a $100/month inactivity fee per dormant account, rising to balance expropriation after three years of inactivity (clause 7.1(vii)).
• Section 13 of the Risk Disclosure states margin funds are not subject to segregation or client-money rules and may be irrecoverable on insolvency.
• Marketing pages promise negative balance protection while the Risk Disclosure states clients remain liable for shortfalls in several named scenarios.
• The firm’s own UAE-facing page advertises leverage up to 1:8888 and a “200% Deposit Bonus.”
• We searched 1,441 mirrored warning-list entries from CYSEC, the FCA and FSC Mauritius and found no match for this firm.
• Two differently spelled firms tied to the “MTrading”/”FXMTrading” name pattern are listed as Unauthorised (FCA) and subject to an Investor Alert (FSC Mauritius); neither is ServiceComsvg LLC.

Key Takeaways

Our previous score for MTrading was 2.8/10. This review scores it 5.7/10. That is not the firm improving; it is this review working from a different, larger evidence set (the firm’s own Terms, AML policy and Risk Disclosure documents, fee and platform pages, and a direct warning-list search) than the earlier write-up did, and scoring against six separate criteria rather than one blended number. Regulation still drags the score down hard; fees, by contrast, come out well once the actual fee schedule is read.

What the Saint Vincent and the Grenadines register does and doesn’t confirm

• The St Vincent and the Grenadines FSA entity name search lists Servicecomsvg LLC under registration number 1593, LLC-Continued, status Active, incorporated 2021-11-18, with registered agent EURO-CARIBBEAN TRUSTEYS LTD. That confirms the company exists. The SVG FSA registers companies; it does not license forex or CFD brokers, so this is a corporate registration, not a trading licence, and regulation scores 1.5/10 accordingly.
• The firm’s own Terms and AML pages give the same number, 1593 LLC 2021, but name no licensing authority alongside it, so there is no separate financial-services register this number can be checked against.
• The firm’s own Terms document gives two different registered addresses for the same entity, ServiceComsvg LLC: PO Box 2897, Euro House, Richmond Hill Road, Kingstown, Saint Vincent and the Grenadines, in the site-wide footer, and Unit 5, Long Stone House, PO Box 1200, Main Street, Charlestown, Nevis, in Terms clause 1.1’s notices address. A reader trying to establish who they are actually contracting with is given two answers by the firm’s own document.
• The Risk Disclosure repeatedly grounds appropriateness-testing duties “as required under the Market and the IFSC” and “Under IFSC,” but no fetched page gives an IFSC licence number or names the specific IFSC entity holding one. We could not record this as a licence.

The warning-list search, and two names to watch for that are not MTrading

• We searched 1441 warning-list entries mirrored from the CySEC, FCA and FSC Mauritius registers and MTrading and ServiceComsvg LLC appear on none of them. Before treating that as meaningful, we ran a positive control against a firm known to be listed on one of those same registers, so an empty result reflects absence rather than a broken search.
• Two other names on those lists could be mistaken for this broker by a reader searching casually. The FCA register lists “FXTM TRADING/fxmarket-trading.com” as Unauthorised, describing it as impersonating FXTM, an unrelated broker; the domain is fxmarket-trading.com. An FSC Mauritius Investor Alert published 11 April 2014 names “FXMTrading” as carrying on financial services business without a licence. Neither entry is MTrading or ServiceComsvg LLC, and neither register applies a clone marker to it; they are recorded here only because the name is close enough to cause confusion.

What MTrading charges, and why fees score well

• MTrading’s UAE-facing page advertises “Zero fee deposits and instant withdrawals” across Visa/Mastercard, Skrill/Neteller, SWIFT and local banking.
• Set against that, the firm’s own Terms impose an inactivity fee of 100 USD per month on each separate inactive trading account and wallet once it shows no deposit, withdrawal, or position opened/closed for one year; swaps, commissions and dividends applied automatically do not count as activity. Section 7.1(vii) goes further: the company “has the right to expropriate the balance of a client who has been inactive for a period of at least three years,” and open trades left unmaintained for that long are force-closed at market price.

What ServiceComsvg LLC’s own Terms let it do to a client’s account

• Section 1.9 lets the company amend the Agreement “in whole or in part, from time to time,” on notice or, in specified circumstances, without any.
• Section 3.8 lets the company withhold or deduct from a withdrawal at its discretion where it judges margin may be needed, a dispute is unresolved, or several other broadly framed conditions apply.
• Section 3.12 states the client bears all consequences of payment-system delays, malfunctions or outages, with no recourse against the broker.
• Section 5.4 lets the company refuse or re-quote an Order “whenever it believes re-quoting is appropriate,” so a quoted price is not guaranteed to be honoured, though it may not refuse to close an existing open position.
• Section 5.6 puts the burden on the client to prove gross negligence, wilful default or fraud before the company owes anything for order errors, unauthorised access to client data, or being unable to access the platform.
• Section 7.5 lets the company set off a client’s credit balance against any sum it claims is owed, “in its absolute discretion and without notice to the Client.”
• Section 12.5 makes the company’s own records presumptive evidence of a client’s dealings, bars the client from objecting to their admission in legal proceedings on the grounds they aren’t originals, and states the client cannot rely on the company to keep records for the client’s benefit.
• Under Termination, the company can end the Agreement on 10 business days’ notice, or immediately in listed cases, with no penalty payable by the company while everything the client owes becomes due at once.
• The Risk Warning and Risk Disclosure §13 state that money used to secure margin transfers to the company outright, “will not be subject to segregation or other duties pursuant to client money rules,” and “may therefore be irrecoverable in the event of an insolvency or default of MTrading.”
• Marketing and FAQ pages promise negative balance protection: “you’ll never owe more than your account balance.” The Risk Disclosure directly contradicts this in three places, stating under weekend risk, trading suspensions, and position monitoring that the client “will be liable for any resulting deficit” or “shortfall.”
• The AML policy states “any potential new client shall have to be introduced by an existing client and/or must have an existing relationship with the Company” as part of identification procedure, an unusual onboarding gate for a retail broker.

Platforms and support

• MTrading runs on MT4, MT5 and WebTrader, all third-party MetaQuotes platforms rather than anything proprietary, which is reflected in the 5.9/10 platform score.
• Support channels on the firm’s own contact and terms pages are limited to email (support@mtrading.com), live chat, and a contact form with a department selector; support scores 5.3/10 against those channels.

Marketing claims worth flagging

• The UAE page advertises “1:8888 Leverage” as “Asia’s Highest,” alongside a “200% Deposit Bonus,” a “Floating Bonus,” and billing itself “Best Bonus Broker in Forex Industry” / “World’s #1 Bonus Broker.” No bonus terms or conditions appear on the fetched pages.
• The same page cites a “94% of traders Boost their Capital with our Bonuses” statistic with no methodology given, and describes execution quality as “confirmed by VMT,” a third-party execution-verification service, not a regulator.

Where the earlier review and the firm’s own pages disagree

• Our earlier review named the operating company as “Finvest Solutions Limited,” registration number 55504, founded 2012. The firm’s own current Terms and AML pages name it ServiceComsvg LLC, registration 1593 LLC 2021. We treat the firm’s own pages as authoritative for entity identity; the mismatch suggests the earlier review was working from outdated or different corporate information.
• That same earlier review reported an FCA warning that MTrading may be providing services in the UK without authorisation. Our own direct search of the FCA’s mirrored warning-list entries found no match for MTrading; the earlier review’s claim is passed on here as something reported elsewhere, not as something we confirmed.
• According to that same earlier review, MTrading offered no demo accounts and ran no promotions or bonuses at all, a claim hard to square with the deposit bonuses and floating bonus currently promoted on the firm’s UAE page. Reviews score 6.7/10 reflecting that mix of confirmed and second-hand, partly contradicted material.

Licenses & Regulation

ServiceComsvg LLC is the entity behind the MTrading brand. The firm’s own footer gives its registration as 1593 LLC 2021 in Saint Vincent and the Grenadines, and we checked that number directly against the SVG FSA entity name search. The register confirms it: Servicecomsvg LLC appears there as registration number 1593, LLC Continued, status Active, incorporated 2021 11 18, with EURO CARIBBEAN TRUSTEES LTD as registered agent. Before we treated any absence as meaningful we ran a positive control on that same register, searching for a firm we already knew was listed, so a blank result means the firm genuinely isn’t there rather than the search itself failing. That confirmation tells a reader the company exists and is active. It does not tell them anything about a licence, because the SVG FSA registers companies and does not license forex or CFD brokers. Nothing in the pages we fetched names a financial regulator, a licence number, or a supervisory authority for MTrading’s trading activity.

Where MTrading actually is

The firm’s own site cannot settle its own address. The site wide footer gives ServiceComsvg LLC’s registered address as PO Box 2897, Euro House, Richmond Hill Road, Kingstown, Saint Vincent and the Grenadines. Clause 1.1 of the same Terms document gives a different address for notices: Unit 5, Long Stone House, PO box 1200, Main street, Charlestown, Nevis. Both are presented as current on the firm’s own pages, for the same named entity, and we could not reconcile them from the evidence we read.

The Risk Disclosure references obligations arising “as required under the Market and the IFSC” and repeats assessment duties framed as being “Under IFSC” several times, but no page we fetched gives an IFSC licence number, the licensing entity, or the jurisdiction that licence would sit in. We are not recording that as a licence because there is nothing to check it against. Elsewhere the firm cites a “Financial Commission” as guaranteeing its reliability; that is a private dispute resolution and compensation fund body, not a government regulator. It also states its execution quality “is confirmed by VMT,” a third party trade verification service, and claims to be “officially recognized by FinanceFeeds,” an industry news outlet. None of these is a supervisory authority, and none carries a licence number.

Warning lists and lookalikes

We searched 1441 warning list entries mirrored from CYSEC, the FCA and FSC Mauritius, and MTrading appears on none of them. That covers only the regulators we mirror, not every regulator worldwide, but within that set the result is clean. Two other names on those same lists are worth flagging because a reader searching for this broker could land on either by mistake. The FCA register lists “FXTM TRADING/fxmarket-trading.com” as Unauthorised, described there as impersonating FXTM, a different broker; that entry carries no clone marker and is not MTrading. Separately, FSC Mauritius issued an Investor Alert on 2014-04-11 naming “FXMTrading” as carrying on financial services business without a licence. Neither of these is the firm under review here, and the warning list search found nothing under MTrading’s own name.

What client money protection actually says

The firm’s Risk Disclosure states directly, under Insolvency, that client funds used to secure margin “will not be subject to segregation or other duties pursuant to client money rules” and “may therefore be irrecoverable in the event of an insolvency or default of MTrading.” The Risk Warning at clause 1.5(v) goes further: full entitlement to money deposited will be transferred to ServiceComsvg LLC to the extent that it represents an amount necessary to secure your… obligations, such that the client has no proprietary claim over it. That sits in the same terms document as marketing and FAQ pages promising negative balance protection, which the Risk Disclosure itself contradicts in three places, stating under Weekend risk, Trading suspensions and Position Monitoring that the client remains liable for any resulting shortfall or deficit.

Our previous review of this broker scored regulation 2.8 out of 10 overall; this review scores it 5.7 out of 10 overall, with regulation itself scored at 1.5 out of 10, the lowest of any criterion here. That move is ours, reflecting this review’s own assessment against current evidence rather than any change at the firm. The regulation score sits low because the only register hit we could confirm is a company registration, not a trading licence, because the firm’s own pages disagree with each other on which country ServiceComsvg LLC is even registered in, and because the client money terms and the IFSC references we found don’t stand up as evidence of supervision.

How to Trade

ServiceComsvg LLC operates MTrading, and its site navigation lists only M.Pro under “Account types”; the older review being rewritten here, by contrast, described three tiers: All In Price, M.Premium and M.Pro. The earlier review that this piece rewrites put All In Price’s instrument range at 29 currency pairs, 2 spot metal CFDs, 2 spot energy CFDs, 8 cash indices and 2 crypto CFDs, running on MT5 with floating leverage up to 1:1000 and spreads starting at 1 pip and no commission charged. That same earlier review put M.Premium’s range higher: 38 currency pairs, 4 spot metal CFDs, 3 spot energy CFDs, 10 cash indices, 67 stock CFDs and 12 crypto CFDs on MT4, still with spreads from 1 pip and no commission, plus access to MetaTrader Supreme Edition. M.Pro, again from that earlier review, carries the same instrument count as M.Premium on MT4 but switches to zero spread pricing with commission instead, and raises the maximum order size to 200 lots against 100 lots on the other two. All three are given a minimum deposit of $10 and a stop out level of 30% in that same source. These figures were not confirmed on any page fetched directly from mtrading.com in this review and are reported here as what the earlier review found, not as the firm’s own current wording.

What MTrading’s own pages list as tradable

The firm’s own site groups markets under Forex Trading, Metals Trading, CFD Stocks Trading and Synthetic Indices in its navigation menu. The dedicated MT5 download page describes trading “major, minor, and exotic currency pairs like EUR/USD, GBP/USD, and USD/JPY,” major stock indices “such as the S&P 500, NASDAQ, and FTSE 100,” commodities including “gold, silver, crude oil, and natural gas,” and cryptocurrencies “such as Bitcoin, Ethereum, and Litecoin (availability depends on the broker).” A separate CFD Stocks Trading page says the firm offers to “Explore 20+ top stocks from tech giants to global brands.” None of the fetched pages give a full instrument count, spread figures, or commission schedule for these categories directly, so the per account numbers above rest on our earlier review rather than on anything MTrading itself published in the pages we read.

Platforms MTrading runs

MTrading lists MetaTrader 4, MetaTrader 5 and WebTrader in its Trading Platforms navigation across the pages fetched. Its MT4 page describes the platform as “the most popular platform for trading Forex, CFDs, crypto, indices and commodities worldwide,” developed in 2005 by MetaQuotes. The MT5 download is offered for Windows PC, Mac, Linux and mobile, and it is MetaQuotes’ own software rather than an app MTrading built itself.

Leverage and how a position can move against a client

One of MTrading’s own regional pages advertises “1:8888 Leverage” as “Asia’s Highest.” Leverage at that scale means a small adverse price move can wipe out a deposit far faster than it would under the leverage caps used by regulated retail brokers, and it sits alongside an entity that, as covered in the regulation section of this review, holds a company registration rather than a financial services licence for the business it runs.

Negative balance protection versus the risk disclosure

MTrading’s marketing and FAQ pages state plainly: “No, at MTrading, you’re protected by negative balance protection. Even if the market swings sharply against your position, you’ll never owe more than your account balance.” Its own Risk Disclosure document contradicts this in three places. Under weekend risk it states a client “accepts this risk and that they will be liable for any resulting deficit.” Under trading suspensions it states the client “accepts any associated risk and that they will be liable for any resulting deficit.” Under position monitoring it states the client “will remain liable for any resulting shortfall.” A reader relying on the marketing page’s promise would not know, without opening the Risk Disclosure separately, that the firm’s own risk document carves out at least three scenarios where that promise does not hold.

Order execution and re-quoting

Section 5.4 of the Terms and Conditions states that ServiceComsvg LLC “may or may not accept an Order in its absolute discretion, except that we may not refuse to fulfill an Order to close out an open trading position,” and that the company may also quote a new Price for a Contract… whenever it believes re-quoting is appropriate. That gives the broker latitude to decline new orders and to substitute a different price than the one a trader saw, while an order to close an existing position cannot be refused outright.

Client money and what happens to it as margin

The Risk Warning at clause 1.5(v), repeated in the Risk Disclosure’s Insolvency section, states that money deposited with ServiceComsvg LLC to secure a client’s obligations is transferred to the company such that the client “will not have a proprietary claim over that portion or any of your money deposited, and ServiceComsvg LLC can deal with it on its own right.” The same Risk Disclosure section states this money “will not be subject to segregation or other duties pursuant to client money rules” and “may therefore be irrecoverable in the event of an insolvency or default of MTrading.” A position held with this broker is therefore backed by funds that are, by the firm’s own document, not ring fenced from the company’s own affairs.

Dormant accounts and how MTrading can close a position outright

Section 7.1(vii) of the Terms sets an inactivity fee of $100 per month on each account or wallet that shows no deposit, withdrawal, or opened or closed position for a year, and the same clause gives the company the right to “expropriate the balance of a client who has been inactive for a period of at least three years,” with open trades on such accounts “forcefully closed at market price on the time of closure.” A trader who opens a position and steps away for an extended stretch can see it closed by the company itself, at whatever price the market shows at that moment, once the three year mark passes.

How this review’s score moved

Our previous score for MTrading was 2.8 out of 10. This review scores it 5.7 out of 10. That change reflects this review’s own assessment against the evidence gathered this time, including the fees criterion scoring 9 against a fee schedule that lists only a $100 monthly inactivity charge and zero fee deposits, and against a clean result from a search of 1,441 warning list entries mirrored from CYSEC, the FCA and FSC Mauritius, on which MTrading itself does not appear. It is not a claim that MTrading’s trading conditions changed between the two reviews, since the criteria behind the score and the evidence reviewed both changed as well.

Account Types

An earlier review of this firm is the only source in front of us for MTrading’s account structure, since no account-types page turned up in what we fetched from the firm’s own site. That review described three tiers, all sharing a $10 minimum deposit and floating leverage of up to 1:1000, but differing in spread structure, instrument count and platform.

All three, as that earlier review described them, carry a 30% stop-out level. We have not independently verified any of these tier names, prices or specifications against a current MTrading page, so read this table as a restatement of that prior reporting rather than as something we confirmed ourselves.

What ServiceComsvg LLC’s own pages say about deposits and dormancy

Away from the tier comparison, two things came from pages we fetched directly rather than from the earlier review. The firm’s UAE-facing page advertises deposits and withdrawals under the heading “Zero fee deposits and instant withdrawals,” listing Visa/Mastercard, Skrill/Neteller, SWIFT and local banking as the routes covered by that claim. Separately, the terms and conditions we read set an inactivity fee of $100 per month on each trading account and wallet once it shows no deposit, withdrawal, or position opened or closed for a year, with automatically-applied swaps, commissions and dividends not counting as activity. The same terms go further: under clause 7.1(vii), the company gives itself the right to “expropriate the balance of a client who has been inactive for a period of at least three years,” and to forcibly close any unmaintained open trades at market price once that three-year mark passes. Against a $10 account minimum, a dormant balance can be worked down by the monthly fee and then taken outright, which is a detail worth weighing against how cheap these tiers look to open.

The leverage and bonus marketing sitting next to those tiers

The same UAE page that advertises zero-fee deposits also markets “1:8888 Leverage” as “Asia’s Highest,” carries the page title “Worlds #1 Bonus Broker” and names a “Floating Bonus” without terms. The firm’s AU About page adds a “200% Deposit Bonus,” calls MTrading the “Best Bonus Broker in Forex Industry” and claims that “94% of traders Boost their Capital with our Bonuses.” None of the account tiers above are described as tied to these bonus offers, and no bonus terms, wagering conditions or expiry rules appear anywhere in what we fetched, so a trader chasing that 200% figure has nothing on the page itself to check it against. This sits awkwardly next to the earlier review, which reported that a demo account does not seem to be on offer at MTrading and runs no special promotions or bonuses; the firm’s own page we read directly says otherwise, and where the two disagree we have given more weight to the page we fetched ourselves.

Our previous score for MTrading was 2.8 out of 10; this review scores it 5.7 out of 10 overall. That is our assessment shifting, not a claim that the firm’s terms have changed, and the fees component of this score (9 out of 10) is the biggest mover behind it: a $10 minimum across all three tiers, zero-fee deposits as stated on the firm’s own UAE page, and commission-free spread pricing on two of the three tiers all pull that figure up, even as the regulation score sits at 1.5 out of 10 because nothing in what we checked shows a financial-services licence behind any of this pricing.

Negative Balance Protection

ServiceComsvg LLC, trading as MTrading, tells prospective clients on its CFD Stocks Trading FAQ page that they are covered: “No, at MTrading, you’re protected by negative balance protection. Even if the market swings sharply against your position, you’ll never owe more than your account balance.” That sentence sits on a marketing page. The firm’s own Risk Disclosure document, read directly for this review, says something different in at least three places.

What the Risk Disclosure actually says

Under the heading covering weekend risk, the Risk Disclosure states that a client “accepts this risk and that they will be liable for any resulting deficit.” The section on trading suspensions repeats the same construction almost word for word: the client “accepts any associated risk and that they will be liable for any resulting deficit.” A third clause, on position monitoring, states that a client who fails to watch an open position “will remain liable for any resulting shortfall.” All three appear in the same Risk Disclosure document that sits alongside the “never owe more than your account balance” promise on the marketing pages. A blanket negative-balance-protection claim and a document that three times uses the word “liable” for a “deficit” or “shortfall” beyond the account balance cannot both be read literally, and the firm has not reconciled them anywhere in the pages fetched for this review.

What happens to the money behind the trade

The same Risk Disclosure addresses what happens to client funds if ServiceComsvg LLC becomes insolvent. Under its Insolvency section, client money used to secure margin “will not be subject to segregation or other duties pursuant to client money rules” and “may therefore be irrecoverable in the event of an insolvency or default of MTrading.” The Terms and Conditions carry a matching clause under the Risk Warning heading: Full entitlement to and/or ownership of a portion, or all of the money you deposit with ServiceComsvg LLC will be transferred to ServiceComsvg LLC to the extent that it represents an amount necessary to secure your obligations, such that the client “will not have a proprietary claim over that portion.” So the money standing behind a losing position is not held for the client’s benefit in the way a segregated-client-account regime would require; it becomes the company’s own money, and a drawdown large enough to trigger insolvency risk on the broker’s side is a risk the client bears too.

Leverage and how fast a loss can build

MTrading’s own UAE-facing homepage advertises “1:8888 Leverage” and markets it as “Asia’s Highest.” Leverage at that ratio compresses the amount of adverse price movement needed to wipe out margin on a position to a fraction of a percent, which is the mechanical reason negative-balance events happen at all: a fast enough move against a highly leveraged position can put an account into deficit before an automated stop-out order can close it. An earlier review of MTrading’s account tiers, which this review is rewriting and did not independently confirm on the firm’s own pages, described floating leverage up to 1:1000 across the All In Price, M.Premium and M.Pro accounts, with a stop-out level of 30% and maximum order sizes of 100 or 200 lots depending on the tier. Those figures come from that earlier review rather than from any page fetched for this rewrite, so they are reported here as what was previously found, not as something we verified ourselves.

What ServiceComsvg LLC can do to a losing account

Beyond the liability questions, the Terms and Conditions give the company wide discretion over money tied to an open or losing position. Section 3.8, headed Payments and Set-off, allows ServiceComsvg LLC to “withhold payment (or deduct an amount from it, as applicable)” where “Open Contracts show notional losses” or where funds “may reasonably be required to meet future Margin requirements.” Section 7.5, also headed Payments and Set-off, goes further: the company shall have the right to set off any credit balance on the Account… against any debit balance or other sum due by the Client, exercised “in its absolute discretion and without notice to the Client.” Read together with the non-segregation clause above, a client with an open position that moves against them is dealing with a counterparty that can withhold their payout, apply their credit balance against a claimed debit, and hold their margin money as its own property, all without prior notice, while the same firm’s marketing copy tells them they can never owe more than they put in.

Trading Instruments

MTrading advertises three account tiers on the pages the earlier review recorded: All In Price, M.Premium and M.Pro, each with a $10 minimum deposit. All In Price lists 29 currency pairs, 2 spot metal CFDs, 2 spot energy CFDs, 8 cash indices and 2 crypto CFDs on MT5, spreads from 1 pip with no commission, floating leverage up to 1:1000, a 30% stop-out level and a 100-lot maximum order size. On MT4, the M.Premium and M.Pro tiers expand the offering to 38 currency pairs, 4 spot metals, 3 spot energy CFDs, 10 cash indices and 12 crypto CFDs. M.Premium also includes 67 stock CFDs and charges spreads from 1 pip with no commission, whereas M.Pro excludes stock CFDs entirely and instead prices with zero spreads plus commission, capping orders at a 200-lot maximum. These figures were not fetched directly for this review; they carry over from the earlier published review, restated here rather than read from MTrading’s own account-comparison page.

What we did fetch directly is the site’s own markets navigation and a set of product pages, and the two pictures do not fully square. The navigation menu that recurs across the pages we pulled lists Forex Trading, Metals Trading, CFD Stocks Trading and Synthetic Indices as market categories. The dedicated CFD Stocks Trading page says the firm offers “20+ top stocks from tech giants to global brands.” The MT5 download page separately describes tradable groups in its own marketing language: currency pairs including EUR/USD, GBP/USD and USD/JPY; major stock indices such as the S&P 500, NASDAQ and FTSE 100; commodities including gold, silver, crude oil and natural gas; and cryptocurrencies including Bitcoin, Ethereum and Litecoin, with that page itself noting crypto “availability depends on the broker.” None of the pages we fetched gives a full instrument count or list to check against the tier-by-tier figures above, so the exact number of pairs, metals or indices sits with our earlier review, not with anything MTrading published that we read ourselves.

Leverage and how MTrading frames it

One page we fetched (the UAE-facing homepage) advertises “1:8888 Leverage” as “Asia’s Highest.” That is far above the up-to-1:1000 figure our earlier review gives for the three account tiers, and both figures come from different places: the 1:8888 line is MTrading’s own marketing copy, while the 1:1000 cap sits in the account-tier table carried over from the earlier review. A reader comparing accounts should treat the marketing figure and the per-account cap as two different claims until MTrading’s own account terms are checked side by side.

Platforms MTrading names for trading these assets

Across the pages we fetched, MTrading names MetaTrader 4, MetaTrader 5 and a WebTrader in its Trading Platforms navigation. The MT4 product page itself markets it as “the most popular platform for trading Forex, CFDs, crypto, indices and commodities worldwide,” and the MT5 download page offers the platform free for Windows, Mac, Linux and mobile, noting it is MetaQuotes’ own build rather than a proprietary MTrading app. The CFD Stocks Trading page ties stock CFD access specifically to MT4 with mobile trading and expert-advisor support. Our earlier review’s tier table adds detail on top of this: it says M.Premium includes MetaTrader Supreme Edition while All In Price does not, a distinction not present on any page we fetched ourselves.

Bonuses advertised against the asset range

The same UAE homepage that lists the market categories carries the page title “Worlds #1 Bonus Broker” and names a “Floating Bonus”; the AU About page adds a “200% Deposit Bonus” and a claim that “94% of traders Boost their Capital with our Bonuses.” We did not fetch a bonus terms page, so nothing in our evidence sets out the trading-volume conditions, eligible instruments, or withdrawal restrictions that typically attach to a deposit bonus of this kind. Separately, the earlier review reported that a demo account does not seem to be on offer at MTrading and provides no promotions, which does not match the bonus marketing on the page we fetched ourselves; we record both since they come from different sources and describe what each source states, not a settled fact about what MTrading currently runs.

Education & Analysis

MTrading lists MetaTrader 4, MetaTrader 5 and a WebTrader in its site navigation. The MT5 download page describes it as free to download for Windows, Mac, Linux and mobile, and the software itself is MetaQuotes-provided rather than anything MTrading built. The MT4 page carries the firm’s own marketing description, calling it “the most popular platform for trading Forex, CFDs, crypto, indices and commodities worldwide” and adding that it “runs smoothly on any device.” That is the firm’s language, not an independent assessment of it.

What MTrading actually offers across MT4, MT5 and WebTrader

The account structure ties specific platforms to specific account types, according to our earlier review of MTrading’s account pages: the All In Price account runs on MT5 with mobile trading and expert-advisor (EA) support but no MetaTrader Supreme Edition add-on; M.Premium and M.Pro both run on MT4 with mobile trading, EA support and Supreme Edition included. Supreme Edition is MetaQuotes’ bundle of extra indicators and order tools layered onto standard MT4, so a trader who wants that toolkit has to pick M.Premium or M.Pro rather than All In Price. All three tiers cap order size differently: 100 lots on All In Price and M.Premium, 200 lots on M.Pro, per the same earlier review breakdown.

Beyond the platform names, the firm’s own MT5 assets page describes what can be traded through it in broad strokes: major, minor and exotic currency pairs such as EUR/USD, GBP/USD and USD/JPY; major stock indices including the S&P 500, NASDAQ and FTSE 100; commodities like gold, silver, crude oil and natural gas; and cryptocurrencies such as Bitcoin, Ethereum and Litecoin, with that page itself noting crypto availability “depends on the broker.” A separate CFD Stocks Trading page advertises “20+ top stocks from tech giants to global brands” as CFDs, alongside major US and European names.

Nothing on charting tools, order types, or execution speed

The pages we fetched name the platforms and list the markets available through them, and say nothing about charting packages, indicator counts, order-type support, or execution benchmarks beyond MT4 and MT5’s stock functionality. One page in this set does touch execution quality: the firm’s own terms page states “MTrading’s execution quality is confirmed by VMT and complies with the best execution standards.” VMT, Verify My Trade, is a third-party trade-verification service, not a financial regulator, so this is a vendor endorsement rather than a licensed oversight of order handling.

A related claim sits in the notable-findings evidence: the firm describes itself elsewhere as recognized by FinanceFeeds, which is an industry news outlet, not a regulator, and reliability is separately attributed to the “Financial Commission,” an external dispute-resolution and compensation-fund body rather than a government trading-license authority. Neither of these speaks to platform functionality, but both surface in the same pages that describe the trading setup, and a reader comparing MTrading’s platform claims against its regulatory ones should keep the two apart.

Demo accounts

Our earlier review that TrueBroker is rewriting states that a demo account does not seem to be on offer at MTrading. That claim did not come from any MTrading page fetched for this review, so it is reported here as what the earlier review found, not as something confirmed on the firm’s own site.

Where this leaves the platform score

This review scores MTrading’s platform offering at 5.9 out of 10, revised from a previous TrueBroker score of 2.8 for the review overall. The platform figure reflects what the evidence actually supports: three named platforms (MT4, MT5, WebTrader) tied to three account tiers with real distinctions in EA support, Supreme Edition access, and lot-size caps, set against an absence of any first-hand detail on charting depth, order types, or execution testing beyond a single third-party verification claim.

Special Offers

MTrading’s own marketing pages lean hard on bonus language. The AE-facing homepage title calls the firm the “Worlds #1 Bonus Broker.” A separate page, the AU “About” page, calls it the “Best Bonus Broker in Forex Industry” and adds the line “94% of traders Boost their Capital with our Bonuses.”

What MTrading’s pages advertise and what they leave out

The pages we fetched give the bonus names and the headline multiplier, 200%, but they do not carry the terms that would normally sit behind an offer like that: no minimum deposit tied to the bonus, no trading-volume or lot requirement to unlock it, no expiry window, and no statement of whether it can be withdrawn or is credited as non-withdrawable trading credit. The “Floating Bonus” is named on the same page but nothing in the text explains how it floats, what triggers a reduction, or what happens to it on withdrawal. A reader who wants the actual mechanics of either offer has nothing in this evidence set to check them against.

The “94% of traders Boost their Capital with our Bonuses” line on the AU about page is presented as a bare statistic. No methodology, sample size, or date accompanies it on that page, so it stands as an unsourced marketing figure rather than something a reader could verify.

Zero-fee deposits, not a bonus

Separately from the bonus claims, the AE homepage carries a “Zero fee deposits and instant withdrawals” section listing Visa/Mastercard, Skrill/Neteller, SWIFT and local banking as the covered methods. That is a fee waiver on moving money in and out, not a promotional credit, and the page does not connect it to the deposit-bonus claims discussed above.

A contradiction between sources

An earlier published review of MTrading (the earlier review, not a page we fetched from the firm) reported that a demo account does not seem to be on offer at MTrading and runs no special promotions or bonuses. That is the earlier review’s own finding, made second-hand, and it sits in direct tension with the bonus marketing on the firm’s current AE and AU pages described above. We cannot resolve that tension from the evidence available: it may reflect a change in what MTrading offers between when that review was written and when we fetched these pages, or a difference between the version of the site that review’s authors saw and the geo-targeted pages we pulled. What we can say is that the pages captured for this review, dated to our current fetch, carry active bonus and “best bonus broker” language, while the earlier review recorded the opposite.

Nothing in the evidence gathered for this review, including the firm’s Terms and Conditions text and its Risk Disclosure, sets out bonus eligibility rules, wagering conditions, or a withdrawal-restriction clause tied to promotional credit. Given the size of the headline offer advertised, 200% of deposit, and the absence of any conditions attached to it on the pages we read, a trader relying on the marketing copy alone would be taking the offer on trust rather than on any published rule.

Opening an Account

Opening an account with MTrading means signing a client agreement with ServiceComsvg LLC, the company that operates the MTrading brand and website, not with “MTrading” as a legal person in its own right. The firm’s own terms and conditions page names ServiceComsvg LLC as the contracting party throughout.

Who ServiceComsvg LLC actually is

We searched the Saint Vincent and the Grenadines FSA entity register directly, running a positive control on a known-listed firm first so an empty result would mean absence rather than a broken search. The SVG FSA register shows Servicecomsvg LLC under registration number 1593, LLC-Continued, status Active, incorporated 2021-11-18, with EURO-CARIBBEAN TRUSTEES LTD as registered agent. That confirms the company exists and is registered in St Vincent and the Grenadines under the number the firm’s terms and AML pages also give (1593 LLC 2021). It does not confirm a trading licence: the SVG FSA registers companies, it does not license forex or CFD brokers, so a prospective client opening an account there is dealing with a registered company rather than a licensed one.

The firm’s own terms page also shows an inconsistency worth flagging before signing anything: clause 1.1 gives a notices address of Unit 5, Long Stone House, PO box 1200, Main street, Charlestown, Nevis, while the same document’s footer and the site-wide registration details give PO Box 2897, Euro House, Richmond Hill Road, Kingstown, Saint Vincent and the Grenadines. Two different registered addresses for the same named entity on the firm’s own pages is the kind of detail a client should note when working out exactly who they are contracting with.

Account tiers on offer

Coverage of MTrading published elsewhere before this piece, and revisited here, described three account tiers, all opened for as little as $10: All In Price, offering 29 currency pairs plus limited additional coverage in metals, energy, indices and crypto CFDs, carrying floating leverage reaching 1:1000, charging no commission with spreads beginning at 1 pip, and available only on MT5; M.Premium, which adds 67 stock CFDs to the tradable range and runs on MT4 with MetaTrader Supreme Edition under an identical leverage and spread arrangement; and M.Pro, trading the same instruments as M.Premium but on a zero-spread, commission-based pricing model, and permitting orders up to 200 lots rather than the 100-lot ceiling applied to the other two tiers. That reporting has not been verified against the firm’s own current pages in this evidence set, so treat the specifics as second-hand pending direct confirmation.

Verification MTrading demands before opening

The firm’s own AML policy sets an onboarding condition that goes beyond standard identity checks. Section 2.2.3 of the AML policy states: “Without exception any potential new client shall have to be introduced by an existing client and/or must have an existing relationship with the Company.” As written, that makes a referral from, or a pre-existing relationship with, an existing client a precondition of opening an account at all, which is an unusual gate for a retail CFD broker to put in front of a new applicant.

Beyond that referral requirement, the firm’s own terms carry a site-wide disclaimer stating that MTrading does not provide services to residents of certain countries. The pages we fetched do not render the actual list of excluded countries, so we can say the restriction exists and is stated by the firm, but not which residencies it covers.

Lookalike sites to watch for when searching for MTrading

We searched 1441 warning-list entries mirrored from the CySEC, FCA and FSC Mauritius registers, and MTrading and ServiceComsvg LLC appear on none of them. Two other names on those same lists are close enough to cause confusion for someone searching for this broker, and neither is this firm. The FCA register lists “FXTM TRADING/fxmarket-trading.com” as Unauthorised, describing it as impersonating FXTM, a different broker; the register does not mark that entry as a clone of MTrading or ServiceComsvg LLC. Separately, an FSC Mauritius Investor Alert published 11 April 2014 names “FXMTrading” as carrying on financial services business without a licence. Anyone typing MTrading’s name into a search engine should be careful not to land on either of these instead; neither warning is directed at the entity reviewed here.

Deposits & Withdrawals

ServiceComsvg LLC’s own AE landing page advertises “Zero fee deposits and instant withdrawals” and lists the rails available to fund an account: Visa/Mastercard, Skrill/Neteller, SWIFT, and local banking. No page in what we fetched breaks those methods down by currency, minimum, or processing time, and none of it addresses what a card issuer, e-wallet, or receiving bank might charge on its own end.

What MTrading’s terms say once money is already in the account

The firm’s own terms and conditions, read directly rather than summarised, give the company wide latitude over money that has already reached it. Section 3.8, “Payments and Set-off,” lets ServiceComsvg LLC “withhold payment (or deduct an amount from it, as applicable)” from a withdrawal where open contracts show notional losses, where funds may reasonably be needed for future margin, where there is a contingent liability, where the law requires it, or where there is an unresolved dispute. Section 7.5, also headed “Payments and Set-off,” goes further: the company shall have the right to set off any credit balance on the Account… against any debit balance or other sum due by the Client, exercised “in its absolute discretion and without notice to the Client.” Read together, a withdrawal request is not simply money owed on demand; it is a claim the company can reduce, withhold, or net against other sums it decides are due, on grounds broad enough to cover most disputed situations.

Section 3.12 adds that “under no circumstances shall ServiceComsvg LLC be held liable for any delays, malfunctions and/or outages of the payment system and/or the results of such delays, malfunctions and/or outages.” If a withdrawal is delayed or lost because a payment rail fails, that risk sits with the client, not the broker.

What happens to money that sits still

The terms set a specific inactivity charge: “The inactivity fee is 100USD per month,” applied to “each separate inactive trading account and wallet” once an account shows no deposit, withdrawal, or opened/closed position for a year; swaps, commissions, and dividends applied automatically do not reset the clock. The same clause, 7.1(vii), goes on to say the company “has the right to expropriate the balance of a client who has been inactive for a period of at least three years,” and that inactive accounts holding unmaintained open trades for longer than three years “will be forcefully closed at market price on the time of closure.” A dormant balance is drained at $100 a month and, after three years, can be taken outright.

Whether client money is protected while it waits to be withdrawn

The Risk Warning and the Risk Disclosure section on insolvency both address what happens to a deposit used to secure margin. The Risk Warning states that full entitlement to and/or ownership of a portion, or all of the money you deposit with ServiceComsvg LLC will be transferred to ServiceComsvg LLC to the extent that it represents an amount necessary to secure your… obligations, such that the client “will not have a proprietary claim over that portion or any of your money deposited.” Risk Disclosure Section 13, on insolvency, states plainly that such funds “will not be subject to segregation or other duties pursuant to client money rules” and “may therefore be irrecoverable in the event of an insolvency or default of MTrading.” A client withdrawing funds that have been used this way is not withdrawing ring-fenced money; the terms describe it as the company’s own property until returned.

The entity actually holding the money

The St Vincent and the Grenadines FSA entity search confirms Servicecomsvg LLC, registration number 1593, LLC-Continued, status Active, incorporated 2021-11-18, registered agent Euro-Caribbean Trustees Ltd. That register records companies; it does not license forex or CFD brokers, so it confirms the company exists and is active, not that any withdrawal process is regulated or supervised. The firm’s own pages are also inconsistent about where that entity is based: the site-wide footer gives a Saint Vincent and the Grenadines address (PO Box 2897, Euro House, Richmond Hill Road, Kingstown), while Terms clause 1.1 gives a Nevis address (Unit 5, Long Stone House, PO Box 1200, Main Street, Charlestown) for the same named company. A reader trying to establish who is actually processing a withdrawal is left with two different addresses on the firm’s own site.

Marketed bonuses and what they mean for withdrawals

The AE site’s homepage title calls MTrading the “Worlds #1 Bonus Broker” and names a “Floating Bonus,” while the AU About page advertises a “200% Deposit Bonus” alongside a claim that “94% of traders Boost their Capital with our Bonuses.” None of the fetched pages set out the volume or time conditions attached to these bonuses, and deposit bonuses of this kind are commonly tied to trading-volume requirements that can restrict what a client can withdraw; that detail is simply not in what we read.

This review scores deposits and withdrawals activity within an overall figure of 5.7 out of 10, against a fees sub-score of 9, up from a prior overall score of 2.8. That change reflects this review’s own reassessment against the current evidence, not any change at MTrading’s end.

Customer Support

How to reach MTrading

The firm’s terms page lists an email address, support@mtrading.com. The contact page for the site says “if you have any questions, please contact us via support@mtrading.com or use live chat” and adds a contact form with fields for first name, email, a department selector (International Support, Technical Support, Account Management, Partnerships) and a message box. No phone number appears anywhere in the pages we read, and no stated support hours appear either, so a reader cannot tell from this material when live chat is staffed or how long an email queue runs.

The terms page also gives two different postal addresses for the contracting entity. The site footer lists PO Box 2897, Euro House, Richmond Hill Road, Kingstown, Saint Vincent and the Grenadines, VC0100, while clause 1.1 of the same Terms document states the entity is registered at Unit 5, Long Stone House, PO box 1200, Main street, Charlestown, Nevis. Both are attributed to ServiceComsvg LLC. A reader trying to work out which address is current, or who exactly they are contracting with, is left with two different addresses on the firm’s own site rather than one.

What the terms say about complaints and disputes

The Terms and Conditions we read give the company wide discretion once a client raises a dispute, rather than setting out a defined complaints process. Section 3.8 states that ServiceComsvg LLC “may, at its discretion, elect to withhold payment (or deduct an amount from it, as applicable)” where, among other conditions, “there is an unresolved dispute.” So a client who has already flagged a problem can have a withdrawal held back on account of that same unresolved dispute.

Section 12.5, headed Records, addresses how any dispute would actually be decided: The records of ServiceComsvg LLC, unless proved to be wrong, shall be proper evidence of the Client’s dealings… The Client shall not object to the admission of such records as evidence in legal proceedings because the records are not originals… The Client shall not rely on ServiceComsvg LLC to comply with its record keeping obligations. That puts the company’s own internal records in the position of being presumed correct in any dispute, bars the client from objecting to them on procedural grounds, and tells the client not to expect the company to keep records for the client’s own benefit.

Events of default and account actions ServiceComsvg LLC can take

Sections 10.2 and 10.3 cover what happens once the company decides a client is in default. It may close, combine, or consolidate accounts, refuse orders, or treat contracts as repudiated as it sees fit with a view to protecting its interests and without being accountable to the Client for any adverse consequences on the Client of its exercising such rights. A support interaction that follows an account suspension or forced closure is, under this clause, one where the company owes no accounting for how the client was affected.

Termination is covered separately in section 9. The company can end the agreement “at any time by giving 10 business days’ notice,” or immediately in specified cases, and on termination any amount payable by the Client to ServiceComsvg LLC shall become immediately due and payable including… all outstanding fees, charges and commissions, with no penalty payable by the company. A client contacting support after being given notice is dealing with a process that runs one way: what they owe the company is due at once, with no matching obligation running the other direction.

Complaint volume this catalogue can’t independently confirm

Our own first hand check was limited to the pages listed above, the terms and conditions and the fee material, plus a search of 1441 warning list entries mirrored from CYSEC, the FCA and FSC Mauritius, on which this firm appears on none. That warning list search doesn’t cover complaint handling or support responsiveness, only whether the firm is named on those specific lists. Two other names on those same lists deserve a flag here for anyone searching for MTrading by a similar name: fxmarket-trading.com is listed on the FCA register as Unauthorised, and FXMTrading was named in an FSC Mauritius Investor Alert (published 11 April 2014) for carrying on financial services business without a licence. Neither of those is the entity under review, ServiceComsvg LLC trading as MTrading, but a reader who lands on one while searching for support contacts should know it is a different outfit.

On the scoring itself, this review’s support score is 5.7 out of 10; our previous review scored support 2.8/10. That earlier score and this one used different criteria and different evidence, so the move reflects a change in our assessment, not a change at the firm. The support criterion itself sits at 5.3/10: the firm publishes a working email and live chat plus a routed contact form, which counts for something, but the terms we read give the company broad discretion over withholding funds, deciding disputes on its own records, and closing accounts without having to account for the consequences, and no phone line or stated hours appear anywhere in the material we fetched.

Prohibited Countries

ServiceComsvg LLC’s own Terms and Conditions, published under the MTrading brand, carry a site-wide disclaimer stating that the company does not provide services to residents of certain countries. That disclaimer does not print the countries it covers, so the page tells a reader that an exclusion exists without saying who it applies to.

What MTrading’s pages actually say about restricted residents

The firm’s UAE-facing page carries a version of the same language, referring to “residents in the following countries” as excluded from its services. As with the Terms and Conditions, the list that phrase is meant to introduce was not present in the text we pulled from that page. Two separate pages on MTrading’s own site point to a country-based exclusion; neither hands over the countries themselves. A reader who needs to know whether their own country is covered cannot answer that question from what MTrading currently publishes and would need to ask the firm directly.

A second barrier that has nothing to do with residency

MTrading’s AML policy adds a restriction that sits alongside, not instead of, the residency exclusion. Its identification procedure states: “Without exception any potential new client shall have to be introduced by an existing client and/or must have an existing relationship with the Company” (Section 2.2.3). Read as written, that closes the account-opening process to anyone who cannot produce a referral from someone already trading with MTrading, or otherwise show a prior relationship with the company, regardless of which country they live in. That is an unusual condition to place on retail account opening, and it applies on top of whatever the unpublished country list excludes.

Nothing in the material we fetched names a single country on either list, and nothing in it says the exclusions are limited to the ones mentioned above. What the evidence supports is narrower than a full list: MTrading’s own site states, in two places, that some residents are excluded, and its AML policy states, in one place, that new clients need a referral or existing relationship before they can be identified and onboarded at all.

Conclusion

MTrading scores 5.7 out of 10 in this review, up from the 2.8 we gave it previously. The move is ours, not the firm’s: this pass rests on a fresh read of ServiceComsvg LLC’s own Terms and Conditions, Risk Disclosure and AML Policy, a direct search of the Saint Vincent and the Grenadines FSA register, and a check against 1,441 mirrored warning-list entries from CYSEC, the FCA and FSC Mauritius, none of which this catalogue had assembled the same way before. The regulation score is fixed at 1.5, the lowest of the five criteria, and it is the one number a reader should weigh most heavily against the fee score of 9.

What the Saint Vincent register actually confirms about MTrading

The SVG FSA entity search returns Servicecomsvg LLC under registration number 1593, LLC-Continued, status Active, incorporated 2021-11-18, with EURO-CARIBBEAN TRUSTEES LTD as registered agent. That confirms the company exists and is in good standing on that register. It does not confirm a licence to run a forex or CFD brokerage, because the SVG FSA registers companies and does not license forex or CFD brokers. MTrading’s own Terms page also gives ServiceComsvg LLC a Nevis address (Unit 5, Long Stone House, PO box 1200, Main street, Charlestown, Nevis, in clause 1.1) alongside the Kingstown, Saint Vincent and the Grenadines address used in the site footer, two different registered addresses for the same named entity on the firm’s own pages. The Risk Disclosure separately references obligations “as required under the Market and the IFSC” without giving an IFSC licence number anywhere in the pages fetched for this review.

The warning-list search, and two names that are not MTrading

MTrading does not appear on any of the 1,441 entries mirrored from the CYSEC, FCA and FSC Mauritius warning lists we searched. A reader hunting for this broker by name should also know that two similarly-named listings on those same lists are different operations: the FCA register carries “FXTM TRADING/fxmarket-trading.com” as Unauthorised, describing it as impersonating FXTM, and an FSC Mauritius Investor Alert published 11 April 2014 names “FXMTrading” as carrying on financial services business without a licence. Neither entry is ServiceComsvg LLC or the mtrading.com site reviewed here.

What ServiceComsvg LLC’s terms commit a client to

The Risk Disclosure states that money used to secure margin “will not be subject to segregation or other duties pursuant to client money rules” and “may therefore be irrecoverable in the event of an insolvency or default of MTrading” (Section 13, Insolvency). Section 7.1(vii) sets the inactivity fee at $100 per month on any account or wallet idle for a year, and gives the company “the right to expropriate the balance of a client who has been inactive for a period of at least three years.” Section 3.8 lets the company withhold or deduct from a withdrawal at its discretion where a dispute is unresolved or future margin may be required, and Section 5.4 allows it to re-quote or refuse orders “in its absolute discretion.” A CFD Stocks FAQ page tells traders “you’ll never owe more than your account balance,” which sits against the Risk Disclosure’s own wording under Weekend risk and Trading suspensions that the client accepts this risk and that they will be liable for any resulting deficit.

Fees, platforms and support

The fee score of 9 reflects the account structure itself: three MT4/MT5 account types from a $10 minimum deposit, and the firm’s own pages describing zero-fee deposits and instant withdrawals across Visa/Mastercard, Skrill, Neteller, SWIFT and local banking. Trading runs on MT4, MT5 and WebTrader, which supports the mid-range platform score of 5.9. Support channels are email (support@mtrading.com), live chat and a contact form split by department; no phone line appears in the pages fetched. Those figures sit alongside marketing claims of “1:8888 Leverage” and a “200% Deposit Bonus,” advertised on the firm’s own site, with no bonus terms captured in the pages reviewed.

MTrading, run by ServiceComsvg LLC, holds a confirmed company registration in Saint Vincent and the Grenadines but no financial-services licence found in this review, and its own Risk Disclosure states client funds are not segregated. TrueBroker scores it 5.7 out of 10.

FAQ