MTcapitals Review – Seamless Day Trading
MTcapitals AT A GLANCE
|Trading Instruments||Stocks, Forex, Bonds, ETFs, Mutual Funds, Futures, Commodities, Cryptocurrencies|
|Platforms||Desktop, web and mobile|
|Fees||$0 for stocks, $1 per contract fee for options|
Why We Choose MTcapitals
MTcapitals offers numerous perks that primarily target day traders. However, the broker also benefits from targeting long-term investors, casual traders, and beginners. Here are the top benefits of trading on MTcapitals.
Vast selection of assets
MTcapitals allows traders and investors easy access to a wide range of tradeable securities. The broker’s portfolio comprises a long list of conventional assets and fixed-income products that will enable you to maximize profitability. Whether you are looking to trade stocks, forex, futures, bonds, or precious metals, MTcapitals has a vast selection of securities to meet your demands.
Multiple trading platforms
MTcapitals supports three trading platforms: desktop, web, and mobile. The desktop version is enhanced with robust tools for professionals, while the web and mobile platforms feature a simplistic appeal that best suits casual traders and beginners. The multiple trading platforms allow you to select a program that perfectly aligns with your needs and strategies.
Unlike what most people would expect, MTcapitals has eliminated several standard transaction fees, including account minimums, domestic wire transfer commissions, and inactivity fees. Besides, they also boast relatively lower margin interest rates than the industry average. That makes it an excellent platform for first-time investors and seasoned traders.
H2: Pros and Cons
- Multiple feature-rich trading platforms
- Robust selection of securities
- Low fees and margin interest rates
- Excellent educational resources
- Customer service is only available during official working hours
- Services are inaccessible in some countries
Usability and Trading Experience
MTcapitals has a very simple and straightforward onboarding process that is similar across all its platforms. Thanks to their zero account minimums, you do not have to fund your account immediately. Instead, MTcapitals allows you to open an account and test their platforms for up to 90 days without making any deposit.
Unlike most trading platforms, MTcapitals accepts funding user accounts with multiple currencies. Besides, traders have access to numerous domestic and global markets, including automated exchanges. You will have access to the same securities on all the platforms. That means you can use the venues simultaneously with minimal difficulty.
The desktop version is the most robust and feature-rich, mainly built for professional day traders. It offers all the fundamental tools and some enhanced functionalities for expert traders. For instance, customers can access interactive charts, calculators, evaluators, research, advanced order types, and news. You can also stage orders for later execution on the desktop and web platforms.
MTcapitals mobile also provides a similarly interactive experience, but it needs some advanced functionalities on the desktop version.
MTcapitals ‘s vast asset selection is one aspect that sets it apart from most brokers. Here is a breakdown of the tradeable assets on MTcapitals.
- Long and short stocks
- Bonds (Corporate, municipal)
- Mutual Funds
- Exchange Traded Funds (ETFs)
The broker offers over 1,000 mutual funds, all the major currency pairs, and over 20 cryptocurrencies. MTcapitals frequently adds new securities to its portfolio so that you can expect even more products over time.
MTcapitals is an integrated brokerage with a network of several markets worldwide. It allows traders access to more than 135 markets across 20 countries from a single platform.
MTcapitals also boasts some of the market’s lowest commissions and margin interest rates. That makes it a top pick for active traders, casual investors, and beginners. The following are the main costs on MTcapitals.
- Zero commissions stock trading
- $1 per contract options fee
- No commissions for domestic wire transfers
- Currency conversion and exchange fees apply to international orders
Although you may still be subject to other costs on MTcapitals, their commissions and spreads are relatively lower than their immediate competitors.
MTcapitals is a top choice for active day traders due to its vast asset selection, interactive trading platforms, and lower fees. However, those perks make it an ideal investment platform for casual traders, long-term investors, and beginners. Nonetheless, you require a reasonable investment strategy for successful online trading. Contact this broker for more information.
Disclaimer: This is a sponsored marketing content.
March 3, 2023 @ 2:50 am
mtcapitals are nothing but a scam, don’t go near them.