MTCookFinancial.com Review

5 • 5 REVIEWS
Updated: Mar 27, 2024
Visit site
MTCookFinancial is a forex broker. MTCook Financial offers the MetaTrader forex trading top platform. MTCookFinancial.com offers over 30 forex currency pairs, gold and silver for your personal investment and trading options.

Broker Details

Minimum Trade Size: 0.01
Maximum Leverage: 500:1
Minimum to Open Live: $500
Established: 2014
Address: 25 Dock Road Junction Corner Stanley & Dock Road V&A Waterfront Cape Town, South Africa, 8001, South Africa
Contact: support@mtcookfinancial.com, +27 21 205 1486
Regional offices:
Regulators: FSCA #50420
Prohibited countries:
Trading platforms: MT4, FIX API
Mobile Trading: βœ… Yes
ECN: βœ… Yes

Trading Instruments

Currencies: (60+)
Cryptocurrencies: Bitcoin, Litecoin, Ethereum
CFD: (15+) Gold, Silver, Stock Indexes, Oil, Other Commodities

Trading Conditions

EAs/Robots: βœ… Yes
News Trading: βœ… Yes
Scalping: βœ… Yes

Managed Accounts & Social Trading

MAM: βœ… Yes
PAMM: βœ… Yes
Copy Trading: βœ… Yes
Deposit Methods: Bank Wire (BankTransfer/SWIFT), Bitcoin, Ether/Ethereum, PerfectMoney, Tether (USDT)
Withdrawal Methods: Bank Wire (BankTransfer/SWIFT), Bitcoin, Ether/Ethereum, PerfectMoney, Tether (USDT)
* Please check broker website for more information
5 • 5 REVIEWS

Recent User Reviews of MTCookFinancial.com

F
fpanpytwbcc155799
Japan, Japan,
Mar 25, 2024,
Registered user

Withdrawal procedures is quick.

Service use: Live Length of use: 0-3 Months
I processed a withdrawal of $490 and within hours of processing I was told by email to update my account details. After replying, the procedure was carried out within a few hours and the money was received the next day. I was satisfied with the quick process, even though it was a small amount. I did not put a rate on the amount because it was so small.
G
Giomantov
Italy, Italy,
Feb 27, 2021,
Registered user

Best support i ve ever found

Service use: Live Length of use: 6-12 Months
I deposited in that broker and intermediary banks takes high fee from the amount. The broker covered my fee and funded my account for all the amount giving their money to me. Also support is very good. They know what they do as i asked for uncommon things and they are true ECN. Good job
G
Reply by MT.COOK Support submitted Oct 11, 2021:
Thank you Giomantov for the great feedback. It really means a lot to us. Never hesitate to ask for anything, even if uncommon as we pride ourselves on flexibilities and solutions and we will always do our best to help!
G
Gingietrading
Ontario, Canada,
Feb 5, 2020,
Registered user

Exceptional Customer Service

Service use: Live Length of use: over 1 Year
I've been practically begging my account manager for the past two years to allow me to give him a good review for the excellent service he has been providing, so I was glad when this op came around where I could say how happy I am with the customer service and also with technical support team, which I've only had to use once in two years. I couldn't have gotten better service if I had hired my own personal account assistant. So that's tops on my list of why I'm happy with Mt. Cook's.

Competitive commissions/spreads, check. Fast executions, check. Yes, there is a small charge to fund or withdraw, but that really has nothing to do with Mt. Cook's. There's no getting around bank charges for having to wire money, so no complaints there. Plus the banking charges aren't ridiculously high and the low commissions kinda make up for that anyways, in my ope.

In short, Mt. Cook's checks all the boxes for me and added to that I don't believe I will find better customer service anywhere.
1 trader has found this review helpful
G
Reply by MT.COOK Support submitted Feb 12, 2020:
Thank you so much! Your awesome and a client that is a true pleasure to serve! Banks... yes we all have to pay our "pound of flesh" to them with transfer fees unfortunately (the world we live in). Our accounts team highly enjoys their relationship with you and helping you in all your trading endeavours.
P
piggypips
Penang, Malaysia,
Jan 30, 2020,
Registered user

Service Excellence and Trade Integrity

Service use: Live Length of use: over 1 Year
I've been trading full-time now for 13 years with 5 years at MT COOK. From my experience and of having used about a dozen brokers MT Cook stands above for two reasons. First with there service which goes above and beyond to satisfy even the most challenging clients such as myself. Secondly MT COOK also operates with utmost integrity bringing a true market experience in both pricing and execution which gives me the confidence to trade freely.
P
Reply by MT.COOK Support submitted Feb 12, 2020:
Mr.PiggyPips! Your a gem, and a great trader to boot! Thanks for sticking it out for so long with us (you are one of our longest running clients). Looking forward to many more years.
M
MW
Amsterdam, Netherlands,
Jan 9, 2020,
Guest

Very reliable broker with a great servicelevel

Service use: Live Length of use: over 1 Year
Just for the record: I don't have any stake in their company or something like that. I have been with this broker for over 2 years now. And I am a very happy customer! The tools they provide are of very high quality. Should you be looking to invest via their PAMM for example, then you will find they will provide you with fantastic risk management tools. The way they show your account in their PAMM service might take a few moments to get used to but they are always very willing to make time to help you. Without trying to sound over the top: their customer service is, in one word, fantastic! If you are looking for a broker that genuinely ticks all the right boxes: Mt Cook is a very good choice!
M
Reply by MT.COOK Support submitted Feb 12, 2020:
Thank you kind sir for the review, it means a lot to us! Glad you like the risk management tools we have on tap and of course will always be here to support you.
D
David
LONDON, United Kingdom,
Oct 2, 2019,
Guest

GREAT ECN BROKER, PROMPT SERVICE

Service use: Live Length of use: 3-6 Months
I have signed up to MT Cook about 5 months ago and have been quiet happy overall. Their MAM service is pretty good and I am so far very happy with the returns.
D
Reply by MT.COOK Support submitted Feb 12, 2020:
Thank you David for 5 stars. We have a lot of managers and investors using our Hybrid PAM software, and are glad you are pleased with it.

Frequently Asked Questions

What is MTCookFinancial?

MTCookFinancial is an online forex broker. MTCookFinancial offers to trade forex, indices and metals on MetaTrader 4.

MTCookFinancial accepts clients who meet any one or more of below requirements.
  • $1,000 USD (or equivalent) minimum deposit.
  • Monthly trading volume greater than 50 standard round turn lots.
  • participants in a Managed Account or a Signal Service through Mt. Cook’s International Division.

Does MTCookFinancial accept US clients?

MTCookFinancial cannot accept “retail” US resident clients under the US Dodd-Frank Act.

However clients resident in the US, who qualify as an ECP (Eligible Contract Participant) may be accepted as applicants under certain circumstances.

Does MTCookFinancial allow hedging or scalping?

MTCookFinancial does not impose any restrictions on trading strategies. They allow
  • Scalping
  • Hedging
  • News trading
  • EA trading

Is MTCookFinancial regulated?

MTCookFinancial is not regulated by any government or non-government agency.

In other words, there is no designated government or non-government body to supervise the activities of MTCookFinancial or to resolve complaints.