Overview of Metaverxia
Metaverxia is a brokerage firm that provides trading services in the financial markets. Based in St. Vincent and the Grenadines, Metaverxia offers a range of market instruments, including Forex, indices, and commodities. With a maximum leverage of up to 1:500 and competitive spreads, they provide traders with flexible trading conditions. The company utilizes the widely recognized MetaTrader 4 (MT4) platform, known for its user-friendly interface and comprehensive trading tools. While Metaverxia strives to offer responsive customer support and educational resources to assist traders, it is important to note that Metaverxia is not regulated by any major financial authority. As with any trading decision, it is essential for individuals to carefully consider the risks and conduct thorough research before engaging with Metaverxia.
Is Metaverxia regulated？
It is important to note that Metaverxia is not registered or regulated by any major financial regulatory authority, such as the Financial Conduct Authority (FCA). This lack of regulatory oversight raises potential risks and limitations for traders. In the absence of regulation, there may be uncertainties regarding investor protection, dispute resolution mechanisms, and the overall transparency of operations.
The registered address of Metaverxia in St. Vincent and the Grenadines raises suspicions due to the reputation of this location as a known tax haven often associated with fraudulent activities. Traders should carefully consider these factors when deciding whether to engage in trading activities with Metaverxia.
Pros and Cons
Metaverxia offers several advantages to traders. Firstly, they provide competitive spreads, which can help minimize trading costs and improve profitability. Additionally, the maximum leverage of up to 1:500 allows traders to amplify their trading positions and potentially enhance their returns. The availability of the MetaTrader 4 (MT4) platform is another notable benefit, as it offers a user-friendly interface, advanced charting tools, and automated trading capabilities. Traders can access a diverse range of market instruments, including Forex, indices, and commodities, which provides opportunities for diversification and the ability to trade different assets. Lastly, Metaverxia's customer support is responsive and accessible through multiple channels, ensuring that traders can seek assistance whenever needed.
While Metaverxia offers several advantages, there are certain drawbacks to consider. One of the main concerns is the lack of regulation, as Metaverxia is not regulated by any major financial authority. This absence of regulatory oversight raises questions about investor protection and the transparency of the broker's operations. Another point of concern is the association of Metaverxia's registered address in St. Vincent and the Grenadines with tax havens and potential fraudulent activities, which can raise doubts about the broker's credibility. Traders should also be aware that the limited recourse options in case of disputes or issues with the broker can pose challenges. Additionally, trading with an unregulated broker carries inherent risks, and traders must exercise caution and conduct thorough research before deciding to engage with Metaverxia.
Market Instruments
Metaverxia provides a diverse selection of market instruments to cater to traders' needs. In the Forex market, traders can access over 50 spot instruments, benefitting from attractive leverage and financing costs. The Forex market, known for its high liquidity, ensures that trades can be executed without slippage, and stop-loss orders for mini accounts are guaranteed during trading hours. Traders can also explore the indices market, which includes renowned global indices like US30 (Dow Jones 30) and UK 100. With low margin requirements and no overnight financing costs, traders can take advantage of the tight spreads offered by Metaverxia.
Additionally, traders can participate in the commodities market, gaining exposure to various commodities from sectors such as energy, industrial, precious metals, financial, and agriculture. By offering these diverse market instruments, Metaverxia enables traders to diversify their portfolios and seize opportunities in the financial markets.
Account Types
Metaverxia offers a variety of account types to cater to the diverse needs and preferences of traders. Each account type is designed to provide specific features and benefits, allowing traders to select the one that suits their trading goals.
The Basic Account is designed for beginner and intermediate traders. It requires a minimum deposit of 100 USD and offers variable spreads starting from 1.6 pips. The key advantage of the Basic Account is that there are no commissions charged per lot. It provides access to a wide range of trading instruments, allowing traders to start their trading journey with a lower minimum deposit requirement.
The Standard Account is suitable for more advanced traders who seek tighter spreads and direct market access. It requires a minimum deposit of 500 USD and offers variable spreads starting from 0.0 pips. Similar to the Basic Account, there are no commissions charged per lot in the Standard Account. Traders with the Standard Account benefit from enhanced trading conditions, competitive spreads, and access to deep liquidity.
The Pro Account is tailored for experienced and high-volume traders who require the most competitive trading environment. It demands a minimum deposit of 5,000 USD and offers the tightest spreads starting from 0.0 pips. Unlike the Basic and Standard Accounts, the Pro Account does have a commission of 5 USD per lot. However, this commission is offset by the benefits provided, including personalized services, priority support, and exclusive educational resources. The Pro Account is ideal for traders looking for advanced features and a highly tailored trading experience.
Step-by-step on opening an account
Opening an account is a simple and straightforward process. Follow these easy steps to get started and begin your trading journey with Metaverxia.
Visit the Metaverxia website and click on “Open live account”.
Fill out the registration form with your personal details, including your email, password, first name, last name, date of birth, and phone number.
Provide your address details, including your street address, city, postal/zip code, country, and state.
Read and agree to the terms and conditions by selecting the checkbox.
Click on the “SIGN UP” button to complete the registration process.
That's it! You have successfully completed the 5 steps to open an account with Metaverxia. Once your account is created, you can sign in and start exploring the platform's features and opportunities for trading.
Spread and Commission Fees
Metaverxia offers floating spreads for all its account types: Basic, Standard, and Pro. The Basic account provides traders with variable spreads starting from 1.6 pips, without charging any commissions. On the other hand, both the Standard and Pro accounts offer tighter spreads starting from 0.0 pips, while applying low commission fees per trade. Traders should be aware that spreads may vary based on market conditions, and during periods of high volatility, the actual spread may be wider than the minimum stated spreads.
Metaverxia implements commission fees for trades conducted on the Standard and Pro accounts. While the Basic account does not charge any commissions, the Standard and Pro accounts have low commission fees associated with each trade. These commission fees contribute to the overall trading costs but are offset by the tighter spreads provided by these account types. Traders can choose the account that aligns with their trading preferences, whether they prioritize lower spreads with commission fees or wider spreads without commissions.
Leverage
Leverage is a key feature offered by Metaverxia that allows traders to amplify their trading positions and potentially increase their potential profits. With leverage, traders can control larger positions in the market with a smaller amount of capital. Metaverxia provides a range of leverage options to accommodate different trading strategies and risk preferences. The minimum leverage available is 1:100, which is offered on basic accounts, while the maximum leverage is 1:400. It's important for traders to understand the risks associated with leverage and use it responsibly, considering their trading experience and risk tolerance.
Trading Platform
Metaverxia offers traders the widely recognized and user-friendly trading platform, MT4 (MetaTrader 4). MT4 is a versatile platform that supports trading on various devices and operating systems, including Windows, OS X, iOS, and Android.
MT4's intuitive interface empowers traders of all skill levels to navigate the platform effortlessly. With its comprehensive suite of features, traders have access to powerful charting tools, enabling them to analyze market trends, identify patterns, and make informed trading decisions. Real-time market quotes keep traders up to date with the latest pricing information, enabling them to act promptly in response to market movements. Moreover, MT4 supports automated trading through its robust Expert Advisor (EA) functionality. Traders can develop or utilize pre-built EAs to automate their trading strategies, freeing up their time and eliminating human error.
Deposit & Withdrawal
Metaverxia offers convenient deposit methods, including wire transfers and debit/credit card payments. Wire transfers should be made from a client's registered bank account, without any commission fees from Metaverxia but with potential fees from the bank. The minimum deposit requirements are 100 USD for the Basic account, 500 USD for the Standard account, and 5,000 USD for the PRO account. Debit/credit card payments are accepted in USD and EUR, with EUR deposits being commission-free while USD deposits incur a 5% fee based on the deposit amount.
As for withdrawals, they can be initiated through the client's Metaverxia account and typically processed within one working day. The timeframe for funds to reach the client's bank account depends on the receiving bank, usually taking 3 to 7 working days for bank withdrawals and up to 8 working days for credit/debit card withdrawals. For withdrawals below a certain threshold, a small fee may be applied, which varies based on the account's base currency. Metaverxia prioritizes the security of customer funds and adheres to stringent policies to ensure prompt withdrawal processing.
Traders who have open positions should ensure that their free margin, which is calculated as equity minus the necessary margin to maintain open positions, exceeds the amount specified in the withdrawal instruction, including any applicable fees. If the free margin is insufficient, the withdrawal request will not be processed until a corrected withdrawal form is submitted, and/or the open positions on the account are closed.
Customer Support
Traders can reach out to the customer support team for any inquiries, assistance, or feedback they may have regarding the company's services, website, or promotions. Traders can reach out to the customer support team via phone at +357 25262022 or by using the contact form on the website. Additionally, support inquiries can be sent via email to support@metaverxia.com. The team is dedicated to promptly addressing questions, resolving issues, and incorporating client feedback to enhance the overall trading experience.
Educational Resources
Metaverxia provides a variety of educational resources to help traders expand their knowledge of trading. The knowledge base serves as a valuable repository of information, offering easy-to-understand explanations on important trading concepts such as spread, currency pairs, leverage, margin call, and more. These articles not only provide beginners with a solid foundation but also help experienced traders deepen their understanding of key trading principles.
The educational resources aim to cater to traders at different levels of experience and proficiency. Beginners can gain a comprehensive understanding of fundamental trading concepts, enabling them to start their trading journey with confidence. For more experienced traders, the knowledge base acts as a valuable reference tool, allowing them to delve deeper into complex topics and refine their trading strategies.
Conclusion
Metaverxia is a brokerage firm that offers trading services in the financial markets. They provide access to various market instruments, including Forex, indices, and commodities. The company emphasizes attractive features such as competitive spreads, leverage options, and advanced technical indicators. However, it is important to note that there are concerns about Metaverxia's regulatory status and the association of its registered address in St. Vincent and the Grenadines with tax havens and potential fraudulent activities. Traders should exercise caution and conduct thorough research before engaging with Metaverxia, taking into consideration the potential risks and limitations associated with an unregulated broker.
FAQs
Q: Is Metaverxia a regulated broker？
A: No, Metaverxia is not regulated by any major financial regulatory authority.
Q: What is the maximum leverage offered by Metaverxia？
A: Metaverxia offers a maximum leverage of up to 1:500.
Q: How is customer support at Metaverxia？
A: Metaverxia provides customer support through phone, email, and a contact form on their website.
Q: What trading platform does Metaverxia offer？
A: Metaverxia offers the popular MetaTrader 4 (MT4) platform for trading.
Q: What market instruments can I trade with Metaverxia？
A: Metaverxia provides access to various market instruments, including Forex, indices, and commodities.
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