MTI Markets is a young and aspiring broker company, but our in-depth MTI Markets review will dig deep, and we will unveil some unpleasant truths about the activities and operations of this trading provider. As you already know, the world of financial transactions and trading is full of shady organizations, and that is why we feel that our moral obligation is to investigate every little detail so that our readers can make an informed decision when they invest their funds.
Leverage: 1:200 Licences: BIFSC
Min. Deposit: 100 USD Bonus: N/A
Spreads: from 2 pips US Clients: No
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80.6% of retail CFD accounts lose money
General overview of the MTI Markets broker
Since it was established in 2015, it is evident that this broker lacks experience in the world of forex and binary trading, but that is not the only reason why we believe that MTI Markets scam could be at play here. The fact that this company is licensed and regulated only by the regulatory body in Belize is a major reason for concern. We don’t want to say that BIFSC (Belize International Financial Services Commission) is not doing its job, but this organization certainly lacks integrity when it comes to the global financial markets. Also, MTI Markets is under the ownership of MTI Investments LLC, which means that you will be dealing with an STP broker (Straight Through Processing).
Trading with MTI Markets
Even though most MTI Markets reviews would just focus on that lack of genuine license, we will continue exploring what this broker has to offer. For example, MTI Markets features a software solution that is widely recognizable in the business, and this platform is called MetaTrader 4.
Of course, this trading terminal can be accessed via a web browser and mobile apps, which are prepared for iOS and Android operating systems. Indices, stocks, commodities and more than 50 currency pairs are on offer with this company, i.e. they await you just in case you decide to invest in them after all.
MTI Markets review of trading accounts
Whenever a company offers “risk-free trading,” you should be cautious and careful since there is no such thing as risk-free investments in the world of forex trading and binary options. However, demo accounts are the only solution for those who want to avoid risks, and MTI Markets broker provides this feature. Besides this account, you can choose between three other types, which are called MINI STP, STANDARD STP, and Pro ECN. The lowest amount that you need to invest in opening an account is $100 while the Pro account requires a deposit of $5000.
Review of the other features of MTI Markets
To make our MTI Markets opinion backed up with even more facts, we took a look at some other features of this broker. For instance, they offer different leverage, and you can have a leverage of 1:500 with the MINI account, but this number is flexible, and it depends on the type of your trading account. MTI Markets also offers a dedicated 24h support, but clients should take these “promises” with reserve, and scam operations are well-known for their tantalizing offers and various incentives that can lure you directly into a fraudulent activity.
We have found another reason for not having positive MTI Markets opinions in the fact that this broker promises “transparency” and ultimate protection, but we could not find evidence of such actions anywhere on their website. When it comes to deposits and withdrawals, this broker offers a traditional set of options – you can use credit cards, such as VISA, or e-wallets, such as Skrill, WebMoney or Neteller. Also, wire transfers are available, but all of this is pretty irrelevant if your funds are not protected and secured. Segregated accounts and SSL encryption are the first line of defense against scam, and MTI Markets does not instill a lot of trust with their nonchalant approach to these matters.
MTI review: customer support
Taking care of their clients should be a number one priority for any company, not just in the financial world, and MTI Markets Forex broker is not at the top level when it comes to this element as well. Allegedly, their customer support teams are available 24/5, and you can reach them via telephone, e-mail or live chat. However, the lack of various supported languages can be an obstacle for many traders, and many other features should also be incorporated into the trading platform of this broker company.
MTI Markets review conclusion
With an address in Marshall Islands and a lack of proper license, it is evident that this is not a reliable company. That is why our MTI Markets FX broker review took such a negative stance towards the activities and operations of this broker.
80.6% of retail CFD accounts lose money