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Metadoro -

Score

6.03 /10
Average

Metadoro

Mauritius

2-5 years

Regulated in Mauritius

Retail Forex License

MT5 Full License

Regional Brokers

Medium potential risk

Offshore Regulated

https://metadoro.com

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Score

Regulatory Index4.62

Business Index6.09

Risk Management Index8.90

Software Index9.29

License Index4.62

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Licenses

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

Single Core

1G

40G

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Broker Information

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Company Name

RHC Investments

Company Abbreviation

Metadoro

Platform registered country and region

Mauritius

Company website

Company summary

Pyramid scheme complaint

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WikiFX Risk Alerts
Previous Detection : 2024-12-23
  • The Mauritius FSC regulation with license number: C115015381 is an offshore regulation. Please be aware of the risk!

WikiFX Verification

Metadoro · Company summary
Metadoro Review Summary
Founded2019
Registered Country/RegionMauritius
RegulationFSC (offshore)
Market InstrumentsIndices, stocks, ETFs, commodities, metals, energy, currencies, cryptos, bonds
Demo Account/
LeverageUp to 1:500
EUR/USD Spread0.6 pips
Trading PlatformMetadoro Web, Metadoro Mobile, MT5
Min Deposit$10
Customer SupportOnline chat, Contact form
Tel: +442045773260
Email: support@metadoro.com
WhatsApp, Telegram
Address: 3 EMERALD PARK, TRIANON, QUATRE BORNES, 72257, Mauritius

Metadoro was registered in 2019 in Mauritius. In Metadoro, customers can trade indices, stocks, commodities, currencies, and so on. It uses MT5 and Metadoro as its trading platforms, and provides various channels for customer support. However, this company is offshore regulated, and it does not provide much information about account details on its official website.

Metadoro's homepage

Pros and Cons

Pros Cons
Multiple trading assetsOffshore regulation risks
Flexible leverage ratiosLack of transparency
MT5 providedNo demo accounts
Low minimum depositCommission fees charged
No fees for deposits and withdrawalsCredit/debit card and e-wallet payments are not accepted
Various channels for customer support

Is Metadoro Legit?

Metadoro is offshore regulated by The Financial Services Commission (FSC) in Mauritius. Please note that offshore regulation may have potential risks.

Regulated AuthorityCurrent StatusRegulated CountryLicense TypeLicense No.
The Financial Services Commission (FSC)Offshore RegulatedMauritiusRetail Forex LicenseC115015381
Offshore regulated by FSC

What Can I Trade on Metadoro?

Metadoro provides various products, including indices, stocks, ETFs, commodities, metals, energy, currencies, crypto, and bonds.

Tradable Instruments Supported
Currencies✔
Commodities✔
Metals✔
Energy✔
Indices✔
Stocks✔
Cryptos✔
Bonds✔
ETFs✔
Options❌
What Can I Trade on Metadoro?

Account Type

Metadoro offers 3 types of accounts. However, it does not reveal the details of these accounts.

Account Type

Leverage

For different types of products, the leverage is not the same. The following screenshots show the leverage details of indices, stocks, and currencies. On the whole, the leverage can be up to 1:500 for forex trading. Please be aware of the potential risks brought by high leverage.

Trading InstrumentMax Leverage (Standard accounts)Max Leverage (Investment account)
Currency Pairs1:500/
Indices1:1001:5 (on request)
Stocks1:10
Leverage 1
Leverage 2
Leverage 3

Spread and Commission

The spreads are different depending on the types of currency pairs, as is shown in the screenshot below. For example, EUR/USD spread is 0.6 pips.

Spread

As for the commission fees, Metadoro charges different amount of fees according to the types of products.

Trading InstrumentCommission
Currencies$4 per standard lot, round turn
Metals$11 per standard lot, round turn
Energy$4 per standard lot, round turn
Commodities
CryptosFrom 0.1%
ETFs & StocksFrom 0.006%
Indices & BondsFrom 0.004%
Commission

Trading Platform

Metadoro uses Metadoro Web, Metadoro Mobile, and MT5 as its trading platforms.

Trading PlatformSupported Available Devices Suitable for
Metadoro Platform✔Web, Mobile/
MT5✔Web, PC, MobileExperienced traders
MT4❌/Beginners
Metadoro Web
Metadoro Mobile
MT5

Deposit and Withdrawal

Metadoro does not charge fees for deposits and withdrawals.

Payment Options Accepted currenciesMin Deposit Deposit TimeWithdrawal Time
Bank TransferUSD, EUR$10 for MT4 and MT5 trading accounts; $100 for and Invest account to buy physical Stocks and ETFs15 minutes1 business day
ADV Cash
BitcoinBTC, mBTC, sBTC, uBTC
Tron Tether TRC20USDT
SPEIMXN
Local Online Banks in Malaysia, Indonesia, Thailand and VietnamMYR, IDR, THB, VND
Deposit and Withdrawal 1
Deposit and Withdrawal 2
Deposit and Withdrawal 3

User Reviews

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User comment

7

Comments

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Venki
more than one year
When trading on Metadoro, I'm super happy with their leverage levels, it's like I'm raking in the dough! And there's so many trading assets to choose from, it's just awesome.
When trading on Metadoro, I'm super happy with their leverage levels, it's like I'm raking in the dough! And there's so many trading assets to choose from, it's just awesome.
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2024-07-18 17:55
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Yaa Asantewaa
more than one year
Spreads are within the industry norm, not the most competitive, but they're also not outrageous. For a casual trader, they're acceptable, but for those looking to minimize costs, there may be better options for you. That's my recommendation.
Spreads are within the industry norm, not the most competitive, but they're also not outrageous. For a casual trader, they're acceptable, but for those looking to minimize costs, there may be better options for you. That's my recommendation.
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2024-05-22 11:49
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