MTrade Plus

MTrade Plus is a financial services entity registered in Hong Kong, with its official website at mtradeplus.com. According to our records, the company was founded on 20 August 2021 and lists its registered address as 13/F, Golden Fung Building, 56-58 Bonham Strand, Sheung Wan, Hong Kong.

Despite its registration in a major financial hub, there is limited verifiable public information about the broker's operations or ownership structure. Our independent research has not uncovered detailed profiles from industry databases, and the broker does not appear on major regulatory registers. This lack of transparency is a notable concern for prospective clients.

Our records show that MTrade Plus holds no regulatory licenses from any financial authority. This means the broker operates without direct oversight from bodies such as the Hong Kong Securities and Futures Commission (SFC), which typically regulates forex and CFD brokers in the region.

The absence of regulation means traders have no access to formal dispute resolution mechanisms, compensation schemes, or financial safeguards common with licensed brokers. FXCanary's scam risk score of 52/100 (Elevated) reflects the heightened risk associated with unregulated entities, where client funds may not be segregated and business practices are not subject to independent audits.

Due to the lack of web results and official site data, we cannot confirm the trading platforms, account types, instruments, or funding methods MTrade Plus offers. Aggregated industry data does not provide reliable details on these aspects.

Typically, retail forex brokers offer platforms like MetaTrader 4/5, various account structures (e.g., standard, ECN), and access to currency pairs, CFDs, and sometimes cryptocurrencies. However, for MTrade Plus, these claims cannot be independently verified. Traders should exercise extreme caution when considering an unregulated broker with no transparent operational track record.

The elevated scam risk score of 52/100 assigned by FXCanary indicates significant potential risks. This score is based on factors including the absence of regulation, limited company history (founded in 2021), and the lack of verifiable user experiences.

Furthermore, there are no independent user reviews or complaints data available for MTrade Plus, which is a common red flag for newly established or opaque brokers. Without a track record, it is impossible to assess the broker's reliability, execution quality, or withdrawal processing efficiency.

MTrade Plus is not suitable for traders who prioritise regulatory protection, transparency, or a proven track record. The broker might appeal to those willing to accept the risks inherent in unregulated trading environments, but even then, the lack of meaningful information makes it a particularly speculative choice.

In summary, our independent assessment concludes that MTrade Plus presents considerable uncertainty and elevated risk. Until the broker provides clear regulatory credentials or verifiable independent reviews, we cannot recommend it to the cautious forex trading community.