MTechTrade has been flagged by Financial Markets Authority for "Unregistered/Unlicensed entity offering financial products or services|Fraud ...". This company appears in our regulatory warnings database. Always verify with official regulatory sources before investing or doing business with this firm.
What really bothers me about MTechTrade is the disconnect between their marketing and reality. They position themselves as a premium service but deliver a below-average experience. Found them through a podcast recommendation and I fell for the polished exterior. Never again.
Pros: Competitive fees|Clear documentation|Clean UI|Wide product range
Cons: None so far
Do not be fooled by the professional-looking website. Behind the scenes, MTechTrade is disorganized and incompetent. I found them based on a colleague's recommendation and I can only assume the positive reviews are either outdated or paid for because my experience was terrible.
Pros: Comprehensive tools|No hidden fees
Cons: Minimum deposit could be lower
I am in a dispute with MTechTrade over a trade that was clearly erroneous. The price shown was wrong, I closed at a profit, and they reversed the trade and took the money back. They said it was a system error. So I lose and they keep? Unacceptable.
Pros: Fast support response|Personal attention|Responsive team
Cons: Mobile app could be improved