M Pro World Review

WHO IS M PRO WORLD?      

According to research in South Africa, M PRO WORLD is an English company with headquarters in Great Britain, UK.

M PRO WORLD is an online forex broker offering the MetaTrader4 platform for trading, support through one-on-one training sessions with a personal account manager, free webinars with varying topics and an award-winning 24/7 support desk.

There is no indication on the broker’s website on when the company was found, but it does state its address as being in the United Kingdom.

SAFE OR SCAM

Before deciding to join a brokerage company to start trading, a potential trader needs to establish whether a broker like M PRO WORLD is safe and secure to trade with.

M PRO WORLD is registered and meets the regulations set by the International Financial Services Commission, a non-biased governmental regulatory organ.

The broker’s policies, services, and assets obeys to the Vanuatu Financial Services Commission (VFSC) regulations and conditions.

In addition, it uses separate accounts for customers’ funds and highly secure technology to protect personal data and financial transactions.

SSL-secured Personal Area is protected with 128-bit encryption, which makes browsing safe and data inaccessible to any third parties.

PRO AND CONS

LEVERAGE

Leverage enables a trader to get a much larger exposure to the market the person is trading than the amount deposited to open the trade. Leveraged products, such as forex trading, magnify a trader’s potential profit – but also increase the potential loss.

Leverage is expressed as a ratio, for instance 50:1, 100:1, or 500:1. Assuming that you have $1 000 in your trading account and you trade ticket sizes of 500,000 USD/JPY, your leverage will equate 500:1.

Margin is the collateral to cover any credit risks that may arise during trading operations. It is expressed as the percentage of position size (e.g. 5% or 1%), and you need to have enough funds in your trading account to ensure sufficient margin.

For example, on a 1% margin a position of $1,000,000 will require a deposit of $10,000. The margin level in a trading account needs to be equal or more than 100% to be able to open new trades, otherwise your trading account will be fully hedged.

At M PRO WORLD the leverage ratio is 1:200 on most accounts, but up to 1:1000 is allowed on the EZY Classic Account.

ACCOUNTS   

M PRO WORLD offers a choice between five live account types:

• Basic Account
• Classic Account
• ECN Standard Account
• ECN Premium Account
• ECN Segregated Account

Clients also have the option to open a free demo account with the MetaTrader4 platform to analyse financial markets, perform advanced trading operations, and copy deals of other traders in a risk free environment.

Swap Free Accounts in accordance with Shariah Law, for clients of Muslim faith is also available. These accounts requires a deposit of $100 and have fixed spreads.

MARKET INSTRUMENTS

The most popular market instruments available from most brokers for trading include:

Forex:

Forex trading describes the currency exchange market which refers to the global, decentralised marketplace where individuals, companies and financial institutions exchange currencies for one another at floating rates.

Commodities:

Commodity markets offer many investment opportunities for traders. Soft commodities have been traded for centuries and plays a major role in portfolio diversification and risk management. Investing in contract-based tradable goods is a reliable way to mitigate risk during times of economic uncertainty.

Indices:

Equity, or stock indices, are actual stock market indexes which measure the value of a specific section of a stock market. They can represent a specific stock market or a specific set of the largest companies of a nation.

Precious metals:

The trading of gold and other precious metals, along with crude oil, copper or petroleum, are hard commodities that play a major role in the commodities market and are contract-based tradable goods.

Energy:

The typical feature of energy prices is high volatility due to the influence of political and environmental factors, supply and demand, extreme weather conditions and global economic growth.

M PRO WORLD offers over 200 assets to trade in that include the following:

• 107 Currency pairs
• 88 CFDs
• Contracts on gold and silver
• Futures
• Options

FEES

Cost and fees depend on different factors, like spread and margins, and M PRO WORLD clients may also experience different fee structures according to their country or place of residence.

The spread of a currency pair is the difference between the bid and the ask rate. A pip represents the smallest increment that an exchange rate can move.

Margin is the amount of money required in your account in order to open a position. Margin is calculated based on the current price of the base currency against USD, the size (volume) of the position and the leverage applied to your trading account.

M PRO WORLD offer fixed spreads on the Basic, Classis and Islamic accounts that starts from 3 pips. It offers variable or fixed on the ECN Standard, ECN Premium and ECN Segregated accounts that starts from 1 pip.

The broker charge no commission on its Basic, Classic or Islamic accounts, but does on the ECN Standard, ECN Premium and ECN Segregated accounts.

DEPOSIT AND WITHDRAWAL

Accounts usually requires a certain minimum initial deposit, which can be paid in several ways. Withdrawals can usually be done with the same ways, but sometimes differ.

In the case of M PRO WORLD, the following minimum deposits are required:

• Basic Account – zero deposit
• Classic Account – $100
• Islamic Account – $100
• ECN Standard Account – $500
• ECN Premium Account – $1 000
• ECN Segregated Account – $10 000.

The following methods can be used to fund accounts and to execute withdrawals:

• Credit or debit cards
• Skrill
• Bitcoin
• UnionPay
• Neteller,
• MegaTransfer
• Local deposits
• Bank Wire Transfer

Deposits and withdrawals can only be done from the same card and no third party withdrawals are allowed.

Withdrawal fees of 5% of the withdrawal amount could be charged if the account is inactive for a long period of time.

TRADING PLATFORMS

The forex trading platform provided by M PRO WORLD to its clients is the software to carry out their trades. Some brokers provide only one, others quite a few platforms.

A multi-asset trading platform is one that allows clients to trade forex as well as other asset classes. The decision about which platform to choose will usually depend on what a client would like to trade.

M PRO WORLD provides the globally preferred MetaTrader4 as the only platform. It is available in English and compatible for desktop, as web-based and for smartphones.

MT4 is built on a robust and versatile programming language (MQL4) and packed with features such as advanced order types, charting, and custom indicators.

MetaTrader 4 has a very active following for traders using Expert Advisers, as the built-in programming language MQL4 has all the hooks and functions need to create automated trading systems as well as custom indicators to use on the MT4 charts.

HOW TO OPEN AN ACCOUNT

Similarly to a bank, to register a forex trading account with M PRO WORLD for the first time, you will be required to go through a basic “know your customer” process, which will allow M PRO WORLD to verify your submitted details and ensure the safety of your funds and account details.

To open an account can be started through a link on the broker’s webpage. Complete the online registration and you will receive an email to verify your details. You have to submit the required documentation before you will be allowed to open an account and start trading.

CUSTOMER SUPPORT

Potential traders need to make sure the broker company they chose will offer sufficient support whenever they need it.

In the case of M PRO WORLD customers can reach the support team 24/7 via live chat or by completing a message form on the webpage. Support is given in English.

EDUCATION       

Before starting to trade, potential clients of M PRO WORLD should avail themselves of all possible information and trading skills needed to be successful in the world of forex and commodity trading.

M PRO WORLD offers educational material which includes one-on-one training sessions with a personal account manager and free webinars, as well as a demo account for new traders.

RESEARCH         

To be able to trade with confidence, traders should do as much as possible research about this kind of speculative trading before commencing, but also preceding every daring deal to ensure that they don’t lose money unnecessarily and trade as profitable as possible.

With M PRO WORLD customers have access to research options like a Trading Room, where customers get a range of trading tutorials and webinars hosted by world-class traders. In addition, traders are kept up-to-date with market news via daily market outlooks.

AWARDS

Being an awarded company instils extra confidence by traders.  M PRO WORLD provides no information on any awards received since its inception.

CONCLUSION  

M PRO WORLD does not reveal much of the company on the website, but do boast about superior order execution, server performance, personalised support services and diversity of trading products.

The broker is regulated by Vanuatu Financial Services Commission (VFSC) regulations and conditions and keeps client funds in separate account.

It offers support to beginner and advanced traders with trading through the MT4 platform on a choice of live accounts and in multiple trading instruments.

DISCLAIMER

Before clients decide to trade the products offered by M PRO WORLD, they are advised to contemplate their investment objectives, financial situation, needs and level of experience carefully before investing money that they cannot afford to lose.

While M PRO WORLD promises to make all efforts to fill a trade at the requested price, trading on-line does not necessarily reduce risks associated with currency trading, therefore quotes and trades are usually subject to the terms and conditions of a Client Agreement, which is accessible through the broker’s website.

Forex and CFDs trading always carries a high level of risk, therefore may not be suitable for all investors, according to research in South Africa.

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FAQs

TRADING ENVIRONMENT

How many instruments can I trade with M PRO WORLD?

You can trade in several which include:

• 107 Currency pairs
• 88 CFDs
• Contracts on gold and silver
• Futures
• Options

Which platforms are supported by M PRO WORLD?

MetaTrader4

Does M PRO WORLD offer leverage?

Yes, M PRO WORLD offers a maximum leverage of up to 1:1000

What spreads can I expect with M PRO WORLD?

M PRO WORLD offers different spreads starting from 1 pip.

Does M PRO WORLD charge commission?

M PRO WORLD charges commission on some of its accounts.

Is M PRO WORLD regulated and by whom?

M PRO WORLD is regulated by VFSC.

Is M PRO WORLD a recommended forex trading broker for experts and beginners?

M PRO WORLD offers a fair trading environment for most types of traders.

What is the overall rating out of 10 for M PRO WORLD?

5/10

ACCOUNTS

What is the difference between a demo and live trading account?

A demo account is offered by broker companies and funded with virtual money that enables a prospective customer to experiment with the company’s trading platforms and its features, before setting up a real account funded with the customers actual money.

Does M PRO WORLD offer a demo account?

Yes

How long is the demo account valid?

The demo account can be used next to a live account.

Which live trading accounts does M PRO WORLD offer?

• Basic Account
• Classic Account
• ECN Standard Account
• ECN Premium Account
• ECN Segregated Account

What are the available deposit currencies for a live trading account?

USD

DEPOSITS AND WITHDRAWALS

What is the minimum deposit for M PRO WORLD?

$0.

How do you make a deposit and withdrawal with M PRO WORLD?

M PRO WORLD offers the following deposit and withdrawal methods:

• Credit or debit cards
• Skrill
• Bitcoin
• UnionPay
• Neteller,
• MegaTransfer
• Local deposits
• Bank Wire Transfer

Does M PRO WORLD charge withdrawal fees?

No, but fees from financial institution may apply

How long does it take to make a withdrawal?

Withdrawals usually takes only a few days.