META GOLD foreign exchange brokers specializing in providing foreign exchange trading services, the company's official website https://metagold.ge/, about the company's legal and temporary regulatory information, the company's address Flat 3, N 11, Victor Naneishvili St., Isani district, Tbilisi, Georgia.
META GOLD Forex Broker
Basic Information
Georgia
2-5 years Suspicious Regulatory License Suspicious Scope of Business High potential riskCompany profile
Rating Index
VIP
Ecn
Meta Gold Forex Broker - Complete Information Guide
1. Broker Overview
Company Name: Meta Gold LLC
Founded: 2020
Headquarters Location: Tbilisi, Georgia
Nature of Company: Private Ownership
Primary Markets and Clientele: Meta Gold primarily serves retail traders and investors seeking to engage in forex trading, commodities, and indices. The platform caters to both novice and experienced traders, offering various account types to suit different trading styles and financial capacities.
Company Development and Milestones: Since its inception in 2020, Meta Gold has aimed to establish itself within the online trading sector, although it has faced scrutiny regarding its regulatory status and operational practices.
Parent Company or Group Relations: There is no publicly available information indicating any parent company or group affiliation.
Business Model Overview: Meta Gold operates as a retail forex broker, providing services for trading forex, CFDs, and other financial instruments. The broker aims to facilitate trading for individual clients through an online platform.
The Meta Gold broker has emerged as a player in the online trading market, although it has not been without controversy regarding its legitimacy and regulatory compliance.
2. Regulatory and Compliance Information
Main Regulatory Authorities: Meta Gold is not regulated by any recognized financial authority.
Regulatory Numbers: No valid regulatory information is available, which raises significant concerns about the broker's legitimacy.
Validity and Scope of Regulatory Licenses: The lack of regulation indicates that Meta Gold does not operate under any regulatory oversight, which is critical for investor protection.
Legal Entities in Different Regions: The broker operates as Meta Gold LLC in Georgia, but there is no indication of compliance with international regulatory standards.
Client Fund Segregation Policies: There is no information available regarding the segregation of client funds, which is a crucial aspect of financial security.
Participation in Investor Compensation Schemes: Meta Gold does not participate in any investor compensation schemes, leaving clients vulnerable in case of financial disputes.
KYC and AML Compliance Measures: The broker claims to adhere to KYC (Know Your Customer) and AML (Anti-Money Laundering) policies, but the lack of regulation raises questions about the effectiveness and enforcement of these measures.
The absence of regulatory oversight for the Meta Gold broker poses considerable risks for potential investors, emphasizing the importance of conducting thorough research before engaging with unregulated platforms.
3. Trading Products and Services
Number of Forex Currency Pairs and Major Types: Meta Gold offers trading in 36 currency pairs, including major, minor, and exotic pairs, allowing traders to engage in diverse forex trading opportunities.
CFD Product Categories (Indices, Commodities, Stocks, Cryptocurrencies): The broker provides access to a variety of CFDs, including commodities, indices, and energies, but lacks clarity on the availability of cryptocurrencies.
Special Products or Unique Trading Varieties: There is no specific mention of unique or proprietary trading products offered by Meta Gold.
Product Update Frequency and New Additions: Information regarding the frequency of product updates or the introduction of new trading instruments is not available.
Retail Trading Services: Meta Gold focuses on retail trading services, providing individual traders with access to various financial instruments.
Institutional Client Services: There is no indication that Meta Gold offers specialized services for institutional clients.
White Label Solutions: No information is available regarding the provision of white label solutions.
Asset Management Services: The broker does not appear to offer asset management services.
The Meta Gold broker provides a range of trading instruments, primarily focusing on forex and CFDs, but the lack of transparency regarding product offerings and updates raises concerns for potential traders.
4. Trading Platforms and Technology
MetaTrader 4/5 Support Status: Meta Gold exclusively supports MetaTrader 5 (MT5) as its trading platform, which is known for its advanced features and user-friendly interface.
Proprietary Platform Details: There is no information indicating the development of a proprietary trading platform by Meta Gold.
Web-Based Trading Platform: The broker's offerings include a web-based trading platform, although specific details are not provided.
Mobile Application Support (iOS/Android): Information about mobile application support for iOS and Android is not available.
Execution Modes (ECN, STP, Market Making): The execution mode for trades is not clearly defined, but the broker's structure suggests a market-making model.
Server Location and Technical Infrastructure: The server location is reported to be in the United States, but further details on the technical infrastructure are lacking.
API Access and Automated Trading Support: There is no information available regarding API access or support for automated trading strategies.
The Meta Gold broker utilizes MetaTrader 5 for trading, but the absence of proprietary technology and limited information on execution methods may deter tech-savvy traders seeking advanced trading solutions.
5. Account Types and Trading Conditions
Standard Account Conditions: The minimum deposit for a standard account is $100, with floating spreads and a commission structure that varies by account type.
Advanced Account Types: Meta Gold offers several account types, including:
- Islamic Account: Minimum deposit of $100, with a commission of $3.
- Standard Account: Minimum deposit of $100, with a commission of $5.
- VIP Account: Requires a minimum deposit of $10,000, with lower commissions.
- ECN Account: Designed for advanced traders with a minimum deposit of $50,000, featuring zero commission.
Special Accounts: The broker offers an Islamic account to cater to clients who require Sharia-compliant trading conditions.
Demo Account Policy: Meta Gold provides a demo account option for prospective traders to practice before committing real funds.
Leverage Ratios: Leverage varies by account type, with options up to 1:1000 for standard and Islamic accounts, while VIP accounts offer leverage of 1:200.
Minimum Trading Lot Size: The minimum trading lot size is 0.01 for all account types.
Overnight Fees Policy: Information regarding overnight fees or swap rates is not explicitly stated.
The Meta Gold broker provides a variety of account types to suit different trading needs, but the lack of clarity on certain trading conditions may pose challenges for potential clients.
6. Fund Management
Supported Deposit Methods: Meta Gold supports various deposit methods, including bank transfers, credit cards, and electronic wallets, although specific providers are not listed.
Minimum Deposit Requirements: The minimum deposit varies by account type, starting from $100 for standard accounts to $50,000 for ECN accounts.
Deposit Processing Times: Detailed information on deposit processing times is not provided.
Deposit Fees: There is no information available regarding any fees associated with deposits.
Withdrawal Methods and Restrictions: Withdrawal methods are not clearly defined, and there are reports of difficulties faced by clients when attempting to withdraw funds.
Withdrawal Processing Times: Specific withdrawal processing times are not disclosed.
Withdrawal Fee Structure: The broker does not provide clear information on any fees related to withdrawals.
The Meta Gold broker offers multiple deposit methods, but the lack of transparency regarding withdrawal processes and potential fees raises concerns about fund management practices.
7. Customer Support and Educational Resources
Support Channels: Meta Gold provides customer support through various channels, including phone, email, and a contact form on their website.
Service Hours and Time Zone Coverage: Specific service hours and time zone coverage are not detailed in the available information.
Multilingual Support: There is no mention of the languages supported by the customer service team.
Types of Educational Resources: The broker may offer educational resources such as webinars, tutorials, and e-books, but specific details are not provided.
Market Analysis Services: Information regarding daily market analysis, news updates, and research reports is not available.
Trading Tools: There is no mention of specific trading tools such as calculators, calendars, or signal services.
The Meta Gold broker appears to provide basic customer support, but the lack of comprehensive educational resources and market analysis tools may limit the trading experience for clients.
8. Regional Coverage and Restrictions
Primary Service Markets: Meta Gold primarily serves clients in Georgia and potentially other regions, although specific markets are not clearly defined.
Regional Office Distribution: The broker's main office is located in Tbilisi, Georgia, with no other regional offices mentioned.
Countries/Regions Not Accepted as Clients: Meta Gold does not accept clients from certain jurisdictions, including the USA, UAE, and Turkey, among others.
Special Restrictions Explanation: The broker's operational restrictions are likely due to regulatory considerations, as it lacks authorization to operate in many regions.
The Meta Gold broker has a limited regional focus, with specific restrictions in place that may affect potential clients seeking to trade from various locations.
In conclusion, while the Meta Gold broker presents a range of trading products and account types, the absence of regulatory oversight and transparency raises significant concerns for potential investors. It is crucial for traders to conduct thorough research and consider the risks associated with trading on unregulated platforms.