MetaFXTrade Forex Broker

Note: MetaFXTrade's official website: https://metafxtrade.com/ is currently inaccessible normally.MetaFXTrade Review SummaryFounded/Registered Country/RegionVanuatuRegulationVFSC (Suspicious Clone)Market Instruments/Demo Account❌LeverageUp to 1:500Spread/Trading PlatformMT4Min Deposit$250Customer 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.Pros and ConsPros Cons MT4 providedNon-functional websiteSuspicious clone VFSC licenseNo demo accountsHigh minimum depositIs MetaFXTrade Legit? No. MetaFXTrade has no valid regulations. The VFSC license is a suspicious clone.Vanuatu Financial Services Commission (VFSC)Regulatory Status Suspicious CloneRegulated by VanuatuLicensed Institution Triumph Int. LimitedLicensed TypeRetail Forex LicenseLicensed No.17901What 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.