MTrade360

MTrade360 is a forex and CFD broker registered in China, with a founding date of June 25, 2021. The broker operates through the domain mtrade360.com and positions itself as a provider of leveraged trading services.

Limited independent information is available about the broker beyond its registration details and basic offerings. The lack of substantial public presence or verified user feedback contributes to an elevated risk assessment by FXCanary.

MTrade360 currently has no regulatory licenses on record. This absence of oversight from any recognized financial authority is a critical factor for traders to consider.

Unregulated brokers often lack the safeguards provided by regulated entities, such as client fund segregation, dispute resolution mechanisms, and adherence to standard financial practices. FXCanary's research highlights this as a significant risk, reflected in the broker's Scam Risk Score of 51/100.

The broker offers three account tiers: CLASSIC, PREMIUM, and MINI, each with varying minimum deposit requirements. The CLASSIC account requires a minimum deposit of $5,000, the PREMIUM account requires $20,000, and the MINI account has a lower entry point of $500.

Maximum leverage figures are not specified for any account type, which adds ambiguity for traders calculating potential exposure and risk. The high minimum deposits for the CLASSIC and PREMIUM accounts suggest a focus on traders with larger capital.

MTrade360 offers trading in Forex, CFDs, and Commodities, a typical product mix for retail forex brokers. CFD trading allows speculation on price movements without owning the underlying asset.

The range of instruments is not further detailed in the available records, so the exact number of currency pairs, commodity types, or other CFD assets remains unclear. This lack of transparency is common among brokers with limited public information.

The MINI account's $500 minimum deposit is relatively low compared to the other accounts, making it accessible to a broader range of traders. However, the CLASSIC and PREMIUM accounts require significant capital, potentially limiting their appeal to retail participants.

Without regulatory oversight, the handling of client deposits and withdrawals cannot be independently verified. Traders should exercise caution and consider the elevated risk when committing funds to this broker.

FXCanary's Scam Risk Score of 51/100 indicates an elevated risk level for MTrade360. This score is primarily driven by the lack of regulation, limited public information, and the inability to verify the broker's operational practices.

The undisclosed maximum leverage and high minimum deposits for premium tiers add to the uncertainty. Prospective clients should approach this broker with heightened awareness and conduct thorough due diligence before any engagement.