General Information
Metrictradingfx presents itself as an online forex broker providing access to popular and mainstream financial instruments, such as Foreign Exchange, Futures, and Indexes. With the Metrictradingfx platform, a range of trading instruments are available and the minimum deposit to start to trade is $500.
Concerning regulation, Metrictradingfx is operated by P24O Ltd, a company under no regulation. Please be aware of the risk involved.
Market Instruments
With the Metrictradingfx platform, investors are provided the opportunity to a series of trading instruments, such as Forex, Indexes, Futures.
Account Types
A range of trading types can be chosen weekly or monthly. Weekly account types include Starter, Classic, Pro, Executive, and Premium. To open a Starter account, an initial deposit of $500 is required, and the minimum deposits required by the other three types of accounts are also high, with the Classic account from $3,500, the Pro account from $8,000, the Executive account from $11,500, the Premium account from $25,000. Some account services including Scalping, Daily Signals, Financial Plan are also available.
Monthly account types include Luxury, VIP, VIP Luxury, Silver Platinum, Gold Platinum, VIP GOLD Platinum, Gold Luxury Platinum. The minimum deposit requirement for these accounts are absurdly high, with the minimum deposit to start a Luxury account from $50,000.
Opening an account with Metrictradingfx is an easy and simple process, with a few steps to follow:
1. Click the “OPEN LIVE ACCOUNT” link on the homepage of MASTER FXTRADE.
2. Fill up some required details and upload relevant documents for this brokers verification.
3. Choose your preferable payment methods, fund your account and then start to trade with this broker.
Leverage
Trading leverage varies depending on different types of trading accounts, ranging from 1:20 to 1:200. Problematically, BSB Global allows its clients to use leverage of up to 1:200, much higher than the levels regarded appropriate by many regulators, with the maximum leverage for major forex up to 1:30 in Europe and Australia, and 1:50 in Canada and U.S.
Since leverage can magnify gains, it can also cause serious fund losses, especially to inexperienced traders. Therefore, it is wise for beginners to choose the smaller size no more than 1:10 until they gain more trading experience.
Spreads & Commissions
Spreads are determined by trading accounts, ranging from 1.2 pips to 1.9 pips, which is in line with industry standards. Commissions are not disclosed.
Swaps Rate
Traders who hold positions overnight should always consider swaps as an additional cost.
Trading Platform
BSB Global provides access to the MT4 trading platform. The trading terminal remains the preferred choice for most FX traders (and brokers) globally, as it provides a full array of trading tools and features, robust charting package, over 50 built-in technical indicators, wide range of Expert Advisors (EAs), the option to create your own indicators and EAs, and extensive back-testing options for them.
Payment Methods
The minimum deposit to invest with this broker is $500, and this broker allows its clients to make a deposit and withdrawal through multiple payment methods, including Bank Transfer, Bitcoin, Credit Card, Yandex Money, Neteller, Qiwi Wallet, Webmoney, and Skrill.
This brokers says no deposit fee applied. Concerning processing time, payments through Bank Transfer is taking between 2-3 days, and deposit through other methods can make money instantly arrive at the account.
Concerning withdrawal, it takes up to 1 business day for funds to appear into your account. Besides, withdrawals through Neteller and Skrill are subject to a fee of 2.9%.
Customer Support
If clients have any inquiries or trading-related issues, they can get in touch with BSB Global through the following contact channels:
Telephone: +1 9283161259
Email: support@Metrictradingfx.com
Risk Warning
Trading leveraged products such as forex, cryptocurrencies and derivatives may not be suitable for all investors as they carry a high degree of risk to your capital. Please ensure that your fully understand the risks involved, taking into account your investments objectives and level of experience.
The information presented in this article is intended solely for reference purposes.
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