Metafxtradeltd review/metafxtradeltd.com scam – Forex Broker Reviews, Trading Platform Reviews

Metafxtradeltd Review: A Critical Analysis of the Company’s Forex Trading Services

In the world of online trading, the rise and fall of companies is a common phenomenon. This is especially true for Forex brokers who often pop up overnight only to disappear without warning, leaving their clients with lost money and damaged credit. In this review, we will be exercising due diligence and scrutinizing Metafxtradeltd, a relatively new player in the Forex trading industry, to determine whether they are a legitimate company or a potential scam.

Metafxtradeltd: A Brief Overview

Metafxtradeltd is a Forex trading broker that operates online, offering a range of trading services to its clients. The company claims to be regulated by the Vanuatu Financial Services Commission (VFSC), a reputable financial regulatory body. With an impressive-looking website and a promise of high returns, Metafxtradeltd has attracted the attention of many aspiring traders. However, upon closer inspection, several red flags emerge, casting a shadow of doubt over the company’s legitimacy.

Regulatory Check: A Major Concern

The first and foremost concern for any investor is the regulatory environment in which a company operates. In the case of Metafxtradeltd, the company claims to be regulated by the Vanuatu Financial Services Commission (VFSC), a reputable regulator with a good track record. However, our research revealed that the VFSC has no record of Metafxtradeltd’s registration or licensure. This raises significant concerns about the company’s compliance with financial regulations and the risks involved in trading with them.

Trading Platforms and Instruments: A Limited Offering

Metafxtradeltd claims to offer a range of trading platforms, including the popular MetaTrader 4 (MT4) and the more modern MetaTrader 5 (MT5). While this may seem impressive, our analysis revealed that the company’s platform offerings are limited in scope and functionality. Traders are restricted to trading only currency pairs and CFDs, with no access to other popular financial instruments like stocks, commodities, or cryptocurrencies.

In terms of spreads, Metafxtradeltd charges highly competitive rates, but with commissions that are significantly higher than those of established brokers. This is a clear sign of a company trying to make up for lost revenue through increased costs

Client Support: A Lacking Experience

Metafxtradeltd’s website boasts a multilingual support team available 24/7, but our experience was far from satisfactory.