MetaFXTrade Forex broker specializes in providing foreign exchange trading services, the company's official website https://metafxtrade.com/dashboard/signup, the company's legitimate regulatory information VanuatuVFSCRetail Forex License, to enhance the security of the company's address .
MetaFXTrade Forex Broker
Basic information
Vanuatu
2-5 years Suspicious Regulatory License Suspicious Scope of Business High potential riskCompany profile
Note: MetaFXTrade's official website: https://metafxspanade.com/ is currently inaccessible normally.
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.
Pros and Cons
| Pros | Cons |
| MT4 provided | Non-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.
| Vanuatu Financial Services Commission (VFSC) | |
| Regulatory Status | Suspicious Clone |
| Regulated by | Vanuatu |
| Licensed Institution | Triumph Int. Limited |
| Licensed Type | Retail Forex License |
| Licensed No. | 17901 |
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.
FX1329300608
Netherlands
This hateful broker has a sea of hidden rules when you withdraw your funds. Besides, its trading platform was extremely weak, and you cannot use charts at all. After one-month terrible trading, I left this platform.
Neutral
2023-03-07