Metadoro Forex broker specializes in providing foreign exchange trading services, the company's official website https://my.metadoro.com/#registration/office/14703783, the company's legitimate regulatory information MauritiusFSCRetail Forex License, to enhance the security of the company's address 3rd Floor, Manor House, 30 St Georges St, Port Louis, Mauritius.
Metadoro Forex Broker
Basic information
Mauritius
2-5 years Regulated in Mauritius Retail Forex License MT5 Full License White label MT4 Regional Brokers Medium potential risk Offshore RegulatedCompany profile
Metadoro was registered in 2019 in Mauritius. In Metadoro, customers can trade indices, stocks, commodities, currencies, and so on. It uses MT5 and Metadoro as its trading platforms, and provides various channels for customer support. However, this company is offshore regulated, and it does not provide much information about account details on its official website.
Pros and Cons
| Pros | Cons |
| Multiple trading assets | Offshore regulation risks |
| Flexible leverage ratios | Lack of transparency |
| MT5 provided | No demo accounts |
| Low minimum deposit | Commission fees charged |
| No fees for deposits and withdrawals | Credit/debit card and e-wallet payments are not accepted |
| Various channels for customer support |
Is Metadoro Legit?
Metadoro is offshore regulated by The Financial Services Commission (FSC) in Mauritius. Please note that offshore regulation may have potential risks.
| Regulated Authority | Current Status | Regulated Country | License Type | License No. |
| The Financial Services Commission (FSC) | Offshore Regulated | Mauritius | Retail Forex License | C115015381 |
What Can I Trade on Metadoro?
Metadoro provides various products, including indices, stocks, ETFs, commodities, metals, energy, currencies, crypto, and bonds.
| Tradable Instruments | Supported |
| Currencies | ✔ |
| Commodities | ✔ |
| Metals | ✔ |
| Energy | ✔ |
| Indices | ✔ |
| Stocks | ✔ |
| Cryptos | ✔ |
| Bonds | ✔ |
| ETFs | ✔ |
| Options | ❌ |
Account Type
Metadoro offers 3 types of accounts. However, it does not reveal the details of these accounts.
Leverage
For different types of products, the leverage is not the same. The following screenshots show the leverage details of indices, stocks, and currencies. On the whole, the leverage can be up to 1:500 for forex trading. Please be aware of the potential risks brought by high leverage.
| Trading Instrument | Max Leverage (Standard accounts) | Max Leverage (Investment account) |
| Currency Pairs | 1:500 | / |
| Indices | 1:100 | 1:5 (on request) |
| Stocks | 1:10 |
Spread and Commission
The spreads are different depending on the types of currency pairs, as is shown in the screenshot below. For example, EUR/USD spread is 0.6 pips.
As for the commission fees, Metadoro charges different amount of fees according to the types of products.
| Trading Instrument | Commission |
| Currencies | $4 per standard lot, round turn |
| Metals | $11 per standard lot, round turn |
| Energy | $4 per standard lot, round turn |
| Commodities | |
| Cryptos | From 0.1% |
| ETFs & Stocks | From 0.006% |
| Indices & Bonds | From 0.004% |
Trading Platform
Metadoro uses Metadoro Web, Metadoro Mobile, and MT5 as its trading platforms.
| Trading Platform | Supported | Available Devices | Suitable for |
| Metadoro Platform | ✔ | Web, Mobile | / |
| MT5 | ✔ | Web, PC, Mobile | Experienced traders |
| MT4 | ❌ | / | Beginners |
Deposit and Withdrawal
Metadoro does not charge fees for deposits and withdrawals.
| Payment Options | Accepted currencies | Min Deposit | Deposit Time | Withdrawal Time |
| Bank Transfer | USD, EUR | $10 for MT4 and MT5 trading accounts; $100 for and Invest account to buy physical Stocks and ETFs | 15 minutes | 1 business day |
| ADV Cash | ||||
| Bitcoin | BTC, mBTC, sBTC, uBTC | |||
| Tron Tether TRC20 | USDT | |||
| SPEI | MXN | |||
| Local Online Banks in Malaysia, Indonesia, Thailand and Vietnam | MYR, IDR, THB, VND |
Rating Index
Invest
MT5
Similar Broker Info
Similar Broker Accounts
Similar Broker Safe
Similar Broker Review
Similar Broker Trade
Latest Reviews
Yaa Asantewaa
South Africa
Spreads are within the industry norm, not the most competitive, but they're also not outrageous. For a casual trader, they're acceptable, but for those looking to minimize costs, there may be better options for you. That's my recommendation.
Neutral
2024-05-22
FX1283767917
India
They reason I finally left Metadoro was that high trading fees and weak trading platform. I am really looking for another one? And who can give me any advice?
Neutral
2023-02-24
Venki
United States
When trading on Metadoro, I'm super happy with their leverage levels, it's like I'm raking in the dough! And there's so many trading assets to choose from, it's just awesome.
Positive
2024-07-18