This review will help you make a decision about Metaexness because in as much as this broker is touting the best offers to potential clients, there’s a high risk of clients getting scammed.
Contents
About Metaexness
Metaexness is presented as a trading broker with real time execution and tight spread. The broker advertises flexible spreads from 0.0pips.
Metaexness also boasts of high leverage offering, deep pool liquidity and trading on the popular metatrader4 (MT4) platform. Their copy trading program is said to provide opportunity to automatically copy trades of successful traders so that you do not have to spend many hours to develop your own strategy.
There are 3 account types available for investment. minimum deposit starts from $10 with leverages extending up to 1:1000.
Should one trade with Metaexness?
Sadly, the truth is quite different as Metaexness broker does not appear to be regulated anywhere and basically bears all the hallmarks of a scam. Also the website is linked to another shady broker exposed in the past.
Breakdown
- Aforementioned, Metaexness is unregulated as they should be regulated if they want to target customers on regulated markets like the European Union, including the UK.
- Unlicensed brokers like Metaexness do not have to report to a governing body. This means that if they scam you in any way, whether it be “glitches” or “malfunctions” causing server slippage in their system, or you go to make a withdrawal and they don’t process it (steal your money), you are out of luck. Beyond posting a bad review online, there is little you can do because these brokers have no legal authority to answer to.
- Metaexness says to be registered offshore in Marshall Island – something that does not make it a legitimate financial service provider. Nothing bad with an offshore a registration, if only the broker was licensed with one of the official financial regulators like the Financial Conduct Authority (FCA) in the UK, the Cyprus Securities and Exchange Commission (CySEC) or the Australian Securities and Investments Commission (ASIC) – a license which Metaexness has not bothered to obtain.
- Bear in mind that unregulated brokers in general are completely uncountable for the way they handle your money, which makes any dealings with such entities extremely risky. Basically that is how people usually get scammed.
The broker is claiming to offer Forex and crypto trading on the popular MT4 platform. They’re claiming to offer raw spreads across all accounts. In addition to this, Metaexness offers high leverages extending up to 1:1000.
Traders wanting to use the leverage offered by Metaexness should bear in mind the risks involved. Such leverages can lead to maximum profits but at the same can cause loss of all deposit within a very short time.
Is Metaexness Safe?
Metaexness is considered not safe, as it is completely anonymous and not regulated and licensed by top-tier financial authorities, like the CySEC in Europe, UK FCA, the Australian ASIC and the US CFTC. This is the first disqualifying factor that makes them unreliable like Skyam Invest Ltd, Infyfx and OrangeFX247.
Conclusion
Metaexness is a scam, you may have a bad experience with this broker, seeing that they don’t have any license or trust ratings yet.
Their numerous promotions are meant to entice unsuspecting victims into signing up and depositing more money into their rogue platform.
The truth is that brokers registered offshore lacks the capacity to accept clients internationally like Metaexness, not to mention that the local regulatory requirements hardly match those of major regulatory institutions like the FCA in the UK, ASIC in Australia or the Cyprus Securities and Exchange Commission (CySEC).
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Metaexness Broker
$10
Pros
- Low minimum deposit
Cons
- unlicensed
- Fake trading platorm
- Bonus trap
- scam broker
100% Verified Investment Services
| Brokers | Free Demo | Regulations | Minimum Deposit | Link |
|---|---|---|---|---|
 | Yes | CySEC | $10 |  |
 | Yes | CySEC, FCA | $200 | |
 | Yes | ASIC | Any Amount | |
 | Yes | CySEC, ASIC, FCA, IFSC | $5 | |
 | Yes | CySEC, US NFA, FSC | $100 | |