Be Careful: You may NOT get back your investment in MetaGold Capital

One of the most important things you can do to protect your money is to perform background research on brokers. Our research has led us to believe that the broker MetaGold Capital is a fraudulent entity. Therefore we've written this review to alert potential clients. Before we expose the broker, let's quickly introduce you to it.

MetaGold Capital- A Quick Overview

MetaGold Capital (https://metagoldcapital.com/) is an offshore broker based in St. Vincent and the Grenadines. The company provides trading services to retail and institutional clients across multiple asset classes, such as forex, commodities, indices, shares, and cryptocurrencies. Three account types are available to signup, and clients have access to MetaTrader5 (MT5) - one of the industry's renowned trading platforms. The company claims to have won more than 15 awards over its 4 years in the business. The broker also supports copy trading services. Since the broker doesn't offer live chat support, clients can reach the company via email or telephone. The company also has social representation on social media platforms, including Facebook, Twitter, LinkedIn, and Youtube.

Is MetaGold Capital Regulated？

No, MetaGold Capital is not regulated. The company does not claim to have any regulations. We cautiously searched the SVG FSA database and found it to be a registered entity. However, it is worth mentioning that SVG FSA neither monitors nor issues forex licenses. Therefore merely being registered does not imply having the authorization to provide financial services.

Has MetaGold Capital Ever Been Blacklisted？

Yes! MetaGold was blacklisted by the British regulator Financial Conduct Authority (FCA), a few months ago. According to the regulator, the company was providing unauthorized financial services to the citizens of the United Kingdom.

Moreover, the Italian regulator CONSOB also warned the company to stop operating without permission in the respective jurisdictions and cautioned investors to avoid investing with the broker because of having no recourse if the company breaches the code of conduct.

What Makes MetaGold Capital A Scam Broker？

Having no regulations anywhere in the world is the foremost fact that raises doubts about the broker's legitimacy. Secondly, the warnings issued by two reputable regulators (FCA and CONSOB) should be enough to consider it a scam entity.

Notably, when we tried signing up with the broker, we got redirected to the homepage. It seems that the broker has ceased its operations or isn't accepting new clients at the moment. It might be preparing to return with a fresh look after being exposed on various media, including the WikiFX.

What Should I Do If I Have Already Deposited Funds With MetaGold Capital？

You should immediately request a withdrawal. Though the broker is unlikely to process it, you must try at least. Also, change your banking passwords and remove any access to the platform. After all, you wouldn't want the con artist to be able to get its hands on your money in any way.

Bottom Line:

The market is full of good and scam brokers, and you must always check to see if your prospective broker is legitimate and authorized to do business in your country. Remember, you will risk losing your hard-earned money if you don't take precautions first.