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The WikiFX Score of this broker is reduced because of too many complaints!

Meta-Traders

United Kingdom|2-5 years|
Suspicious Scope of Business|High potential risk|

https://meta-traders.com/

Website

Rating Index

Contact

SUPPORT@META-TRADERS.COM
https://meta-traders.com/
1st Floor, 7-10 Chandos Street, London, W1G 9DQ
The WikiFX Score of this broker is reduced because of too many complaints!

Licenses

No valid regulatory information, please be aware of the risk!

VPS Standard
No restriction on the broker account. Support service provided by WikiFX

Single Core

1G

40G

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Contact number

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Broker Information

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Company Name

Meta-Traders Markets Incorporated

Abbreviation

Meta-Traders

Platform registered country and region

United Kingdom

Company website

Pyramid scheme complaint

Expose

Check whenever you want

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Warning: Low score, please stay away! 3
Previous Detection : 2024-07-21
  • It has been verified that this broker currently has no valid regulation. Please be aware of the risk!
  • The number of the complaints received by WikiFX have reached 7 for this broker in the past 3 months. Please be aware of the risk and the potential scam!
  • The current information shows that this broker does not have a trading software. Please be aware!

WikiFX Verification

Meta-Traders · WikiFX Survey

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Meta-Traders · Company Summary

Note: Meta-Traderss official site - https://meta-traders.com/ is currently not functional. Therefore, we could only gather relevant information from the Internet to present a rough picture of this broker.

Risk Warning

Online trading involves significant risk, and you may lose all of your invested capital. It is not suitable for all traders or investors. Please ensure that you understand the risks involved and note that the information contained in this article is for general information purposes only.

General Information

Meta-Traders Review Summary in 10 Points
Founded 2-5 years
Registered Country/Region United Kingdom
Regulation Not regulated
Market Instruments Forex
Demo Account Not disclosed
Leverage Up to 1:100
EUR/USD Spread Not disclosed
Trading Platforms Web-based platform
Minimum Deposit USD 100
Customer Support Email, Address

What is Meta-Traders?

Meta-Traders is a global brokerage firm based in the United Kingdom. It offers Forex as market instruments to traders. However, it is important to note Meta-Traders is currently not regulated by any recognized financial authorities which raises concerns when trading.

In the following article, we will analyze the characteristics of this broker from various aspects, providing you with simple and organized information. If you are interested, please read on. At the end of the article, we will also briefly make a conclusion so that you can understand the broker's characteristics at a glance.

Pros & Cons

Pros Cons
• Multiple account types • Not regulated
• Acceptable minimum deposit amount • Lack of transparency
• Negative reviews from their clients
• Website unfunctional
• Limited trading instruments
• Limited customer support options

Meta-Traders Alternative Brokers

There are many alternative brokers to Meta-Traders depending on the specific needs and preferences of the trader. Some popular options include:

  • ThinkMarkets- ThinkMarkets offers a user-friendly platform and competitive spreads, making it an excellent choice for traders of all experience levels.

  • JFD- JFD provides a diverse range of financial instruments and transparent trading conditions, catering to both retail and institutional clients.

  • FXCM- With its extensive educational resources and a wide selection of trading platforms, FXCM is a recommended broker for traders seeking a comprehensive learning experience.

Ultimately, the best broker for an individual trader will depend on their specific trading style, preferences, and needs.

Is Meta-Traders Safe or Scam?

When considering the safety of a brokerage like Meta-Traders or any other platform, it's important to conduct thorough research and consider various factors. Here are some steps you can take to assess the credibility and safety of a brokerage:

  • Regulatory sight: It is not regulated by any major financial authorities,which means that there is no guarantee that it is a safe platform to trade with.

  • User feedback: Total 7 pieces of exposures on WikiFX of unable to withdraw, scam, fraud, absconding etc. are red flags that cannot be overlooked, immediate attention and caution in any financial dealings with this broker is suggested when traders consider trading.

  • Security measures: So far we cannot find any security measures info on Internet for this broker.

Ultimately, the decision of whether or not to trade with Meta-Traders is a personal one. You should weigh the risks and benefits carefully before making a decision.

Market Instruments

Meta-Traders provides forex trading service to its clients, offering a comprehensive and diverse range of currency pairs to trade. With a focus on the foreign exchange market, Meta-Traders provides access to major, minor, and exotic currency pairs, accommodating the diverse preferences and trading strategies of its clients.

Accounts

Meta-Traders claims to provide various account types, namely FLEX Account, PRO Account, and STAR Account, each with different minimum deposit requirements of USD 2000, USD 7500, and USD 3000, respectively. However, it has come to attention that trading may not be available at the moment per info from Internet. To avoid potential losses and make well-informed investment decisions, interested traders are strongly advised to consult directly with the broker to confirm the current status and availability of the trading services. By reaching out to Meta-Traders' customer support team, traders can gain clarity on the account types, minimum deposits, and any temporary restrictions on trading. Engaging in direct communication with the broker will ensure that traders receive accurate and timely information, enabling them to plan their investments wisely and take appropriate actions based on the latest updates from the broker.

Account Types

Leverage

Its said Meta-Traders offers a leverage up to 1:100. Leverage is a powerful tool that allows traders to control a larger position in the market with a relatively smaller initial investment. With a leverage ratio of 1:100, traders can amplify their potential profits, as well as their risks, significantly. Traders who are experienced and have a solid understanding of risk management may opt for higher leverage to enhance their trading opportunities. However, it is crucial to approach leverage with caution and consider individual risk tolerance, as higher leverage also increases the potential risk.

Trading Platforms

Meta-Traders appears to provide a web-based platform for traders, indicating a browser-based solution for accessing their trading services. Notably, it is mentioned that the popular MetaTrader 4 (MT4) and MetaTrader 5 (MT5) platforms are not available on the website. Instead, traders have the option to utilize the web-based platform for their trading activities. As the information is from Internet only, interested traders may want to explore the features and functionalities of the web-based platform with broker directly to determine if it aligns with their trading needs and preferences. Understanding the capabilities and limitations of the web-based platform will help traders make informed decisions on whether to proceed with Meta-Traders as their preferred trading provider.

web-based platform

See the trading platform comparison table below:

Broker Trading Platforms
Meta-Traders Web-based platform
ThinkMarkets MT4/5, proprietary platform
JFD MT4+/5+
FXCM MT4

Deposits & Withdrawals

From Internet we found that Meta-Traders exclusively accepts crypto deposits and might charge withdrawal fees, traders are advised to exercise caution and conduct thorough due diligence before engaging in any trading activities with this broker. Cryptocurrency transactions come with unique risks and considerations, and it is essential for traders to fully understand the implications of depositing funds solely through cryptocurrencies. Before making any investment decisions with Meta-Traders, traders should verify all the relevant details, including the specific cryptocurrencies accepted, deposit procedures, transaction fees, and any potential limitations or restrictions related to crypto deposits and withdrawals. Taking this proactive approach will contribute to a safe and transparent trading experience, helping traders navigate the unique challenges and opportunities presented by cryptocurrency deposits on the platform.

User Exposure on WikiFX

Encountering a total of 7 pieces of exposures on WikiFX, most related to difficulties in withdrawing funds, and some scam cases, these serve as an alarming signal that cannot be ignored when considering this particular broker. These serious red flags are indicative of potential risks and malpractices within the company's operations. Traders and investors must exercise extreme caution and conduct thorough due diligence before engaging with the broker. The documented instances of scams and withdrawal issues on WikiFX raise significant concerns about the broker's reliability and credibility. It is essential for individuals to prioritize their financial security and seek out brokers with transparent and trustworthy track records to safeguard their investments and avoid potential pitfalls. If you find such fraudulent brokers or have been a victim of one as well, please let us know in the Exposure section, we would appreciate it and our team of experts will do everything possible to solve the problem for you.

User Exposure on WikiFX

Customer Service

Meta-Traders provides customer support through email. While some traders may prefer additional options like phone or live chat support for more immediate assistance, the email channel remains a direct and formal means of communication with the support team. However, it is essential to note that the absence of other support channels might be a consideration for those seeking more instant solutions to urgent matters.

Email: support@meta-traders.com.

Registered address is also available as customer service channel for this broker:

Address: 1st Floor, 7-10 Chandos Street, London, W1G 9DQ

Conclusion

According to available information, Meta-Traders is a non-regulated UK -based brokerage firm. While the firm offers Forex as market instruments to its clients, it is important to consider certain factors such as lack of regulations and 7 reports of scams, and unable to withdraw that raise considerable concerns. It is critical that potential clients exercise caution, conduct thorough research and seek up-to-date information directly from Meta-Traders before making any investment decisions.

Frequently Asked Questions (FAQs)

Frequently Asked Questions (FAQs)
Q 1: Is Meta-Traders regulated?
A 1: No. It has been verified that this broker currently has no valid regulation.
Q 2: Does Meta-Traders offer the industry leading MT4 & MT5?
A 2: No.
Q 3: Is Meta-Traders a good broker for beginners?
A3: No. It is not a good choice for beginners. Not only because of its unregulated condition, but also because of the lack of transparency and many exposures on WikiFX.
Q 4: What is the minimum deposit for Meta-Traders?
A 4: The minimum initial deposit to open an account is $100.

Review 9

9 Comments
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All(9) Latest Neutral(1) Exposure(8)
Exposure
Meta Trader 5 is the Android version of the mobile phone, and the link they gave to download and register
Since September 5th, they have officially entered their trap. They have begun to look like Luo Caiguang, Xu Zaiyou, Yin Changyao, Liu Guangjun, and the four have successively transferred 50,000 yuan, deposited funds, and released the warehouse. Now they have to pay 20,000 yuan in certification before they can withdraw money. ! I felt that I had been scammed, so I called the police, and it really happened! They are a gang, namely, Xu Youcheng and Chang Chisa, who call themselves teachers, Liu Jiaxin, who brought me in to be fooled by the first acquaintance. And the customer service Miss Jin is responsible for guiding us to transfer and deposit money! There is also Li Yong, when you lose money, come out to help you make a profit and even double your profit, and then do a hedging transaction to deliberately lock your position, so that Miss Jin from customer service will say that your position is locked and you need to How many dollars to unwind! After unloading the warehouse, he said that he needs to pay 20,000 authentication funds, otherwise he can only operate transactions, and cannot withdraw funds! Just like this step by step, through network friendship, double reeds, etc., to lure you into the game! I hope that everyone will not be cheated of hard-earned money, and these people who have lost their conscience can be vigorously punished by the law! On September 15, 2022, a worker, Li Zhensheng, made a real-name report exposed! The police have been called, Kunshan City Bacheng Town Police Station! I don't know if I can get my money back
一指流沙谢幕繁华
2022-09-15
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