Overview of MetaForextrade
MetaForextrade, a crypto exchange based in the United States, lacks regulation from recognized financial authorities. While the broker specializes in cryptocurrency trading, offering various deposit methods and extensive customer support options, its unregulated status and limited market instruments may deter clients seeking a diversified trading experience.
MetaForextrade offers a straightforward account opening process, allowing clients to register, deposit funds, and access the trading platform easily. However, the broker's lack of transparency regarding investment plans, leverage, trading fees, and deposit/withdrawal processing times deserves to be considered. Moreover, its limited educational resources may not adequately support beginner traders.
Regulatory Status
MetaForextrade has no valid regulatory certificates.
MetaForextrade is incorporated in the United States, yet it lacks regulation from any recognized financial authority. It's crucial to understand that engaging with an unregulated broker entails significant risks due to the absence of a supervisory entity to enforce ethical practices and safeguard client assets.
Pros and Cons
MetaForextrade focuses on cryptocurrency trading, providing opportunities for significant profits within a short period. The broker also offers several popular deposit methods, including Visa, MasterCard, bank transfer, and cryptocurrency deposits, offering flexibility to clients. Additionally, MetaForextrade provides various contact options for customer support, including messaging, live chat, email and popular social media channels, catering to different client needs.
However, MetaForextrade lacks valid regulatory certificates and operates without regulation from reputable financial authorities. Limited Market Instruments also have a downside, the broker only offers cryptocurrency trading, potentially alienating clients interested in Forex, Indices, Commodities, and Stocks. Additionally, the lack of detailed information on leverage, trading fees, and deposit/withdrawal processing times is absent on the broker's website, leading to uncertainty and potential inconvenience for clients.
Market Instruments
MetaForextrade claims to provide a full investment service focused on the cryptocurrency trading market. The platform offers a wide range of services tailored to meet the needs of both novice and experienced investors. With its emphasis on passive income generation, intuitive user interface, and round-the-clock customer support, users can engage in online investment with confidence and ease.
It is worth to noting that MetaForextrades website is owned by Meta Forex Trades Ltd, a registered company in the United States specializing in cryptocurrency investment solutions. It provides opportunities for new and dynamically developing ICO projects that offer significant profits within a remarkably short period.
Investment Plan
MetaForextrade appears to provide four investment plans: BASIC, SILVER, GOLD, and PLATINUM. Obviously, the greater the investment, the higher the return. The basic plan starts at $250 with a 20% return rate, while PLATINUM requires $6000 for a 120% return.
How to Open an Account？
Opening an account with MetaForextrade is a straightforward process that can be completed in a few simple steps:
First, you need to visit the broker's website and click on the 'Register Now' button.
Then, you will be directed to a page where you need to fill out a registration form with your personal information, including your name, email, phone number, password, etc.
After signing up, you'll need to make a deposit to fund your account. The broker accepts several methods, including Visa, MasterCard, bank transfer, cryptocurrency.
With your account funded, you can now access the trading platform provided by MetaForextrade and start trading.
Trading Fees
MetaForextrade does not provide users with any account or commission information, nor does it offer demo accounts and sufficient learning resources.
Trading Platform
As for the trading platform, MetaForextrade claims to offer both WebTrader and Mobile App. However, it does not provide any entry point for downloading its app or relevant information.
Deposit & Withdrawal
MetaForextrade provides several popular deposit methods, including Visa, MasterCard, bank transfer and cryptocurrency deposits. Initiating an account with MetaForextrade requires selecting an investment plan and making a deposit of at least $300 through the bitcoin payment systems.
Withdrawals are manually processed by the company from Monday to Sunday, between 8:00 am and 6:00 pm United States Time.
Unfortunately, MetaForextrade does not provide any further information regarding the processing time for deposits and withdrawals, making it impossible to ascertain the adequacy of its efficiency.
Customer Support
For any inquiries regarding customer support, trading hours, funding accounts, or opening new accounts, MetaForextrade provides various contact options to assist clients with different needs, including message box, popular social media channels (including Facebook, Twitter, etc.), a live chat feature and phone (VIP only) and email (info@metaforextrades.com).
Educational Resources
MetaForextrade provides its clients with a FAQ section to assist traders in improving their trading knowledge and skills. It gives answers to common questions about bitcoin, trading basics of deposit and withdrawal, etc.
Additionally, MetaForextrade offers several popular social media channels, which could be useful for beginners.
Regrettably, it seems that MetaForextrade provides no other options to assist clients with different needs. There is no sign of videos and other popular trading tools. This is not very friendly for beginners and traders with different demands for educational resources.
Conclusion
In conclusion, MetaForextrade offers opportunities for significant profits through its focus on cryptocurrency trading and provides convenient deposit methods and extensive customer support options.
However, its lack of valid regulatory certificates and regulation from reputable financial authorities pose risks to clients, as does its limited market instruments, which only include cryptocurrency trading. Additionally, the lack of detailed information on investment plans, leverage, trading fees, and deposit/withdrawal processing times may lead to uncertainty and inconvenience for clients.
While the platform's straightforward account opening process and FAQ section may assist traders, the absence of comprehensive educational resources and limited trading platform options may not adequately support beginner traders or those seeking diverse trading tools and materials.
FAQs
Q: Is MetaForextrade regulated by any financial authority？
A: No, MetaForextrade does not possess valid regulatory certificates and operates without regulation from reputable financial authorities.
Q: What trading opportunities does MetaForextrade offer？
A: MetaForextrade currently focuses on cryptocurrency trading.
Q: Does MetaForextrade offer leverage to traders？
A: Unfortunately, it appears that MetaForextrade does not offer much information about leverage.
Q: What deposit and withdrawal methods are available with MetaForextrade？
A: MetaForextrade offers various deposit methods, including Visa, MasterCard, bank transfer and cryptocurrency deposits.
Q: Does MetaForextrade offer customer support options？
A: Yes, MetaForextrade provides several contact options to help clients with different needs, including a message box, popular social media channels, a live chat feature, a phone number and email.
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