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Score

1.47 /10
Danger

MetFX

Saint Vincent and the Grenadines

2-5 years

Suspicious Regulatory License

Suspicious Scope of Business

High potential risk

https://metfx.com/index.php/en

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Score

Regulatory Index0.00

Business Index6.67

Risk Management Index0.00

Software Index4.00

License Index0.00

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Licenses

No valid regulatory information, please be aware of the risk

VPS Standard
No restriction on the broker account. Support service provided by WikiFX

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Broker Information

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Company Name

Met Tech Global Ltd

Company Abbreviation

MetFX

Platform registered country and region

Saint Vincent and the Grenadines

Company website

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Company summary

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Warning: Low score, please stay away!
Previous Detection : 2025-02-02
  • It has been verified that this broker currently has no valid regulation. Please be aware of the risk!

WikiFX Verification

MetFX · Company summary

Note: MetFX's official website - https://metfx.com/ is currently inaccessible normally.

MetFX Review Summary
Founded2003
Registered Country/RegionSaint Vincent and the Grenadines
RegulationNo regulation
Market InstrumentsForex, commodities, cryptocurrencies, shares and indices
Demo Account✅
SpreadFrom 0 pips
LeverageUp to 1:100
Trading PlatformMT5
Min Deposit$50
Customer SupportTel: +44 20 3289 5271
Email: support@metfx.com
Social media: Facebook, LinkedIn, Instagram
Address: Griffith Corporate Centre, Beachmont, 1510, Kingstown, St. Vincent and the Grenadines
Restricted 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?

No license

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%
Account comparison

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
MT5✔Web, desktop, mobileExperienced traders
MT4❌/Beginners
MT5

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.

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GRMFX12
more than one year
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.
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.
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2023-03-29 17:22
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GRMFX12
more than one year
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.
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.
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2023-03-29 17:22
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