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MetFX foreign exchange brokers specializing in providing foreign exchange trading services, the company's official website https://my.metfx.com/register, about the company's legal and temporary regulatory information, the company's address Griffith Corporate Centre, Beachmont, 1510, Kingstown, St. Vincent and the Grenadines.

MetFX Forex Broker

Basic information

Registered region
Saint Vincent and the Grenadines
Operating period
--
Company Name
Met Tech Global Ltd
Abbreviation
MetFX
Company employee
--
Customer Service Email Address
support@metfx.com
Contact number
+442032895271
Company address
Griffith Corporate Centre, Beachmont, 1510, Kingstown, St. Vincent and the Grenadines
Keywords
2-5 years
Suspicious Regulatory License
Suspicious Scope of Business
High potential risk

Company profile

  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 AccountSpreadFrom 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, Iran

MetFX 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 Cons

Pros Cons
Diverse tradable assetsRegional restrictions
Demo accounts availableNo regulation
MT5 platformInactivity fees charged
Acceptable minimum depositChargeback fees for credit card payments
Popular payment otionsLong withdrawal process

Is 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 Commission
ECN (live, demo)USD 100From 0 pipsUSD 40.3%
STANDARD (live)USD 50From 0.8 pipsUSD 6
ISLAMIC (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 for
MT5Web, desktop, mobileExperienced traders
MT4/Beginners

Deposit 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.

MetFX broker review
MetFX safe or scam

Rating Index

ISLAMIC

Minimum Deposit
100USD

STANDARD

Minimum Deposit
50USD

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Latest Reviews

GRMFX12

GRMFX12

Belarus

Finally, customer service is also less than satisfactory, making it difficult to reach customer service staff and get effective help. In conclusion, I cannot recommend MetFX to anyone else for Forex trading.

Neutral

2023-03-29

GRMFX12

GRMFX12

Belarus

I used to use MetFX for forex trading, but I wouldn't choose it anymore. First of all, the broker does not seem to be regulated by a transparent and reliable regulator, which worries me. Secondly, the trading conditions are not very favorable, such as spreads and trading fees are higher than other brokers, which means that my profit potential is limited. In addition, MetFX's trading platform is not very stable and often suffers from glitches and delays.

Neutral

2023-03-29

MetFX Forex Broker has an overall rating of 1.48, Regulatory Index 0.00, License Index 0.00, Business Index 6.73, Software Index 4.00 Risk Control Index 0.00.