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MC Trading Spreads, leverage, minimum deposit Revealed

WikiFX | 2024-09-25 12:16

Abstract:MC Trading is a broker registered in Montenegro, offering over 500 kinds of investment instruments, including commodities, indices, cryptocurrencies and stocks. It supports trading on the globally renowned MT5 platform. However, it should be noted that it does not provide services for residents of the United States, Canada and Türkiye. Moreover, MC Trading is not regulated by any legal institutions.

  MC Trading is a broker registered in Montenegro, offering over 500 kinds of investment instruments, including commodities, indices, cryptocurrencies and stocks. It supports trading on the globally renowned MT5 platform. However, it should be noted that it does not provide services for residents of the United States, Canada and Türkiye. Moreover, MC Trading is not regulated by any legal institutions.

MC Trading's homepage
Regional restrictions

Pros and Cons

ProsCons
Multiple Trading ChoicesLack of Regulation
Multiple Account TypesNo Info on Fees
Demo AccountsLimited Info on Trading
MT5 Trading PlatformHigh Minimum Deposit
Geographic Restrictions

Is MC Trading Legit?

  MC Trading dose not pose a legal regulatory license.

  It claims to be governed by the Commonwealth of Dominica under license number 2023/C0125, but the authenticity of this claim remains uncertain.

No license

What Can I Trade on MC Trading?

  There are more than 500 types of trading instruments provided in MC Trading, which can be categorized into four main groups: commodities, indices, cryptocurrencies, and stocks.

Tradable InstrumentsSupported
Forex❌
Commodities✔
Indices✔
Cryptocurrencies✔
Stock✔
Mutual Funds❌
Bonds❌
What Can I Trade on MC Trading?

Account Type

  MC Trading offers three types of live trading accounts: Gold account with a minimum deposit of $500, Platnium account with a minimum deposit of $1,000, and VIP account with a minimum deposit of $5,000.

  In addition, it provides demo accounts with a virtual balance of $10,000.

  However, information concering leverage, spreads and commission is not available on its website.

Account Type
Account Type

Trading Platform

  MC Trading only supports trading through MT5, a globally leading trading platform. However, it is uncertain whether MC Trading has got legal permission or license from MT5.

Trading PlatformSupportedAvailable Devices
MT4❌/
MT5✔Desktop, PDA, iPhone, iPad and Android
MT5

Deposit and Withdrawal

  Based on the FAQ at MC Trading's official website, it says that the methods for withdrawing are numerous and you can instantly request a withdrawal.

  As for deposits, you can make them via Bank Transfer (EFT), SWIFT, Crypto Transfer, or Credit Card.

Deposit and Withdrawal FAQ

Customer Service

  MC Trading allows contact through online chat, phone, email and physical address.

Contact OptionsDetails
Online Chat5/24
Emailsupport@mctrading.pro
Phone+382 20 611 075
Physical Address8 Jepson Lane, St.Great George, Roseau, Dominica Marka Radovica bb, ul.A3 st64., Podgorica, Montenegro
Supported LanguageEnglish
Website LanguageEnglish

The Bottom Line

  MC Trading offers over 500 types of trading instruments and you can choose from three types of accounts suitable for trading on MT5. However, it is important to note that this broker is not subject to any legal regulation, so you are advised to stay away from such brokers.

FAQs

  Is it safe to trade with MC Trading?

  No, trading with MC Trading is unsafe given the lack of legal regulation.

  Are there any regional restrictions on MC Trading's services?

  Yes, MC Trading does not provide services for residents of the United States, Canada and Türkiye.

  What trading platform is available at MC Trading?

  MC Trading supports trading on MT5 trading platform.

Related broker

No Regulation
MC Trading
Company name:MC Trading
Score
1.29
Website:https://mctrading.pro/
1-2 years | Suspicious Regulatory License | Suspicious biz area | High potential risk
Score
1.29

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