MetaFXTrade

Note: MetaFXTrade's official website: https://metafxtrade.com/ is currently inaccessible normally.

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

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.