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MetaFXTrade

Vanuatu|2-5 years|
Suspicious Scope of Business|High potential risk|

https://metafxtrade.com/

Website

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https://metafxtrade.com/

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VPS Standard
No restriction on the broker account. Support service provided by WikiFX

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40G

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Company Name

MetaFXTrade

Abbreviation

MetaFXTrade

Platform registered country and region

Vanuatu

Company website

Pyramid scheme complaint

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Warning: Low score, please stay away! 3
Previous Detection : 2024-11-23
  • It has been verified that this broker currently has no valid regulation. Please be aware of the risk!
  • The VanuatuVFSC regulation (license number: 17901) claimed by this broker is suspected to be clone. Please be aware of the risk!
  • The Vanuatu VFSC regulation with license number: 17901 is an offshore regulation. Please be aware of the risk!

WikiFX Verification

MetaFXTrade · WikiFX Survey

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MetaFXTrade · Company Summary

Note: MetaFXTrade's official website: https://metafxtrade.com/ is currently inaccessible normally.

MetaFXTrade Review Summary
Founded/
Registered Country/RegionVanuatu
RegulationVFSC (Suspicious Clone)
Market Instruments/
Demo Account
LeverageUp to 1:500
Spread/
Trading PlatformMT4
Min Deposit$250
Customer Support/

MetaFXTrade is an unreliable investment company that pretends to be a legit forex broker. In fact, it doesn't have any license at all, yet it blatantly tells lies about it. What's even worse is that it doesn't actually conduct any trading activities but only pretends to do so.

MetaFXTrade

Pros and Cons

Pros Cons
MT4 providedNon-functional website
Suspicious clone VFSC license
No demo accounts
High minimum deposit

Is MetaFXTrade Legit?

No. MetaFXTrade has no valid regulations. The VFSC license is a suspicious clone.

VFSC
Vanuatu Financial Services Commission (VFSC)
Regulatory Status Suspicious Clone
Regulated by Vanuatu
Licensed Institution Triumph Int. Limited
Licensed TypeRetail Forex License
Licensed No.17901
Suspicious clone VFSC license

What Can I Trade on MetaFXTrade?

MetaFXTrade doesn't actually conduct any trading activities. You cannot trade any real products at all. We do advise you to look for other regulated brokers.

Account Type

MetaFXTrade claims to offer a total of 5 account types: Basic, Standard, Gold, Platinum and Vip. The minimum deposit to open an account is respectively $250, $500, $2,500, $50,000 and $20,000. However, all of that is not trustworthy.

Leverage

The maximum leverage is 1:500. Nevertheless, high leverage can bring not only great profits but also big losses.

Trading Platform

The MetaFXTrade website asserts that this broker provides access to the commonly used MetaTrader4 platform. However, this turns out to be yet another false claim. In reality, this so-called “broker” does not offer any trading platform at all.

Deposit and Withdrawal

MetaFXTrade accepts only deposits via bank transfer, Neteller, and cryptocurrencies.

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