MetFX Forex Broker

Note: MetFX's official website - https://metfx.com/ is currently inaccessible normally. MetFX Review SummaryFounded2003Registered Country/RegionSaint Vincent and the GrenadinesRegulationNo regulationMarket InstrumentsForex, commodities, cryptocurrencies, shares and indicesDemo Account✅SpreadFrom 0 pipsLeverageUp to 1:100Trading PlatformMT5Min Deposit$50Customer SupportTel: +44 20 3289 5271Email: support@metfx.comSocial media: Facebook, LinkedIn, InstagramAddress: Griffith Corporate Centre, Beachmont, 1510, Kingstown, St. Vincent and the GrenadinesRestricted AreasCuba, North Korea, United States, Syria, IranMetFX Information MetFX, the trading name of Met Tech Global Ltd, is a brokerage company with its domain registered in 2003 and currently does not maintain functional website, that's why we can only gather all the information in this article from Internet. The company offers trading services in forex, commodities, cryptocurrencies, shares and indices. Minimum dpeosit is affordable at $50, with a tight spread from 0 pips. And the broker claims to offer the world-renowned MetaTrader 5 platform to enhance customer experience. However, it cannot be negleceted that the broker currently operates without any valid regulation, which indicates possible less compliance to industry and customer protection.Pros and ConsPros Cons Diverse tradable assetsRegional restrictionsDemo accounts availableNo regulationMT5 platformInactivity fees chargedAcceptable minimum depositChargeback fees for credit card paymentsPopular payment otionsLong withdrawal processIs MetFX Legit? Regulation is a crucial aspect of evaluating the legitimacy and reliability of a brokerage firm, and in the case of MetFX, the broker operates without any valid regulatory oversight. The absence of a regulatory framework raises huge concerns regarding the broker's adherence to industry standards, financial transparency, and the protection of client interests.What Can I Trade on MetFX?Tradable Instruments Supported Forex✔Commodities✔Cryptocurrencies✔Shares✔Indices✔Bonds❌Options❌ETFs❌Account Type/Fees There are three trading accounts offered by MetFX, namely Standard, Islamic and ECN. You can open a demo account for ECN account.Account TypeMin DepositSpread Commission (per round lot)Crypto CommissionECN (live, demo)USD 100From 0 pipsUSD 40.3%STANDARD (live)USD 50From 0.8 pipsUSD 6ISLAMIC (live)USD 200From 1.6 pipsUSD 80.4%Leverage MetFX offers varying leverage levels of up to 1:100, allowing you to maximize your position with limited initial deposit. But it's always advised to use leverage prudently due to significantly amplified losses at the same time as gains.Trading Platform When it comes to trading platforms available, MetFX gives traders the world's most widely-used MetaTrader5 platform. MT5 is known as one of the most successful, efficient, and competent forex trading software, featuring an array of technical analysis indicators, trading signals, financial calendar and more.Trading PlatformSupported Available Devices Suitable forMT5✔Web, desktop, mobileExperienced tradersMT4❌/BeginnersDeposit and Withdrawal MetFX accepts deposits and withdrawals via Bank Wire, Credit/Debit Cards, Sticpay, cryptocurrencies of Bitcoin, Ethereum, and others. As for the processing time of withdrawal requests, it usually takes up to 5 business days to process.Fees MetFX charges a monthly inactivity fee of $30 for accounts being inactive for over 3 months. Unreasonabley, there's another charge of $250 if client of this company issue chargeback for credit card payments. We suggest you not to agree such unfair clause when trading with this broker.