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MetaFXTrade
Vanuatu|2-5 years| https://metafxtrade.com/
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MetaFXTrade
MetaFXTrade
Vanuatu
Pyramid scheme complaint
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- It has been verified that this broker currently has no valid regulation. Please be aware of the risk!
- The VanuatuVFSC regulation (license number: 17901) claimed by this broker is suspected to be clone. Please be aware of the risk!
- The Vanuatu VFSC regulation with license number: 17901 is an offshore regulation. Please be aware of the risk!
WikiFX Verification
| Benchmark | -- |
|---|---|
| Maximum Leverage | 1:500 |
| Minimum Deposit | 20,000 USD |
| Minimum Spread | from 0.5 |
| Products | -- |
| Currency | -- |
|---|---|
| Minimum Position | -- |
| Supported EA | |
| Depositing Method | -- |
| Withdrawal Method | -- |
| Commission | No |
| Benchmark | -- |
|---|---|
| Maximum Leverage | 1:500 |
| Minimum Deposit | 5,000 USD |
| Minimum Spread | from 0.6 |
| Products | -- |
| Currency | -- |
|---|---|
| Minimum Position | -- |
| Supported EA | |
| Depositing Method | -- |
| Withdrawal Method | -- |
| Commission | 3 USD |
| Benchmark | -- |
|---|---|
| Maximum Leverage | 1:500 |
| Minimum Deposit | 2,500 USD |
| Minimum Spread | from 0.6 |
| Products | -- |
| Currency | -- |
|---|---|
| Minimum Position | -- |
| Supported EA | |
| Depositing Method | -- |
| Withdrawal Method | -- |
| Commission | 6 USD |
| Benchmark | -- |
|---|---|
| Maximum Leverage | 1:500 |
| Minimum Deposit | 500 USD |
| Minimum Spread | from 1.6 |
| Products | -- |
| Currency | -- |
|---|---|
| Minimum Position | -- |
| Supported EA | |
| Depositing Method | -- |
| Withdrawal Method | -- |
| Commission | No |
| Benchmark | -- |
|---|---|
| Maximum Leverage | 1:500 |
| Minimum Deposit | 250 USD |
| Minimum Spread | from 1.6 |
| Products | -- |
| Currency | -- |
|---|---|
| Minimum Position | -- |
| Supported EA | |
| Depositing Method | -- |
| Withdrawal Method | -- |
| Commission | No |
- Fundamental Item(A)
- Total Supplementary Items(B)
- Debt Amount(C)
- Non-Fixed Capital(A)+(B)-(C)=(D)
- Relative amount of risk(E)
- Market Risk
- Transaction Risk
- Underlying Risk
Capital
$(USD)
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MetaFXTrade · Company Summary
Note: MetaFXTrade's official website: https://metafxtrade.com/ is currently inaccessible normally.
| MetaFXTrade Review Summary | |
| Founded | / |
| Registered Country/Region | Vanuatu |
| Regulation | VFSC (Suspicious Clone) |
| Market Instruments | / |
| Demo Account | ❌ |
| Leverage | Up to 1:500 |
| Spread | / |
| Trading Platform | MT4 |
| Min Deposit | $250 |
| Customer 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 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.
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