Metafxtradingoption is a Contract for Difference (CFD) broker with a domain registered on February 24, 2024. The broker primarily offers investment services in trading markets such as forex, cryptocurrencies, indices, stocks, energy, and commodities. It does not provide services to countries and regions where it could violate local laws or regulations.
Company Registration Information and Regulatory Status
According to its official website (metafxtradingoption.com), Metafxtradingoption was established in 2016, claims its company entity is VLS, and is regulated by the Australian Securities and Investments Commission (ASIC). However, the broker has not disclosed its company registration information or detailed regulatory information.
Upon verification, the Australian Securities and Investments Commission (ASIC) does not list any regulated company named "VLS".
Therefore, Metafxtradingoption (metafxtradingoption.com) is, in fact, a fraudulent broker website without any company entity or regulatory oversight.
Account Opening Process
The Metafxtradingoption account opening process involves opening the broker’s website, clicking "Open Account" on the homepage or "SIGN UP" at the top right corner to enter the registration page. Fill in the required personal information such as name and email, set a login password, and submit. After verification, the account will be successfully registered.
Trading Instruments:
Metafxtradingoption offers customers various trading products, including forex, indices, commodities, stocks, and cryptocurrencies.
- Forex: Forex trading involves the exchange of different currencies, known for its high liquidity, allowing traders to profit from fluctuations in exchange rates.
- Indices: Index trading allows speculation on the performance of whole markets or specific sectors without trading individual stocks. By exploring popular indices, traders can discover diverse opportunities and potentially amplify returns using high leverage.
- Commodities: Commodity trading encompasses key resources on global markets, allowing traders to buy and sell various raw materials, including metals, energy, and agricultural products.
- Stocks: Stock trading enables investors to participate in the price fluctuations of public company shares, earning from price changes and dividends based on company performance without owning the stock itself.
- Cryptocurrencies: Cryptocurrency trading offers opportunities for digital currency enthusiasts to profit from highly volatile assets.
Investment Plans
Metafxtradingoption offers four different types of investment plans: STARTER ACCOUNT, CLASSIC ACCOUNT, PLATINUM, and FOREX SIGNALS.
STARTER ACCOUNT:
- Minimum deposit: £500
- Minimum expected profit: £3,500
- Maximum expected profit: £5,000
- Trader education*
- Risk management
- Tax-free spread trading profits
CLASSIC ACCOUNT:
- Minimum deposit: £5,000
- Minimum expected profit: £45,000
- Maximum expected profit: £50,000
- Expert news and analysis
- Competitive spreads
- Advanced trading tools
- Tax-free spread trading profits
PLATINUM:
- Minimum deposit: £10,000
- Minimum expected profit: £99,999
- Full benefits
- Trader education*
- Advanced risk management
- Tax-free spread trading profits
FOREX SIGNALS:
- Professional forex signals
- Up to 10 signals per day
- 95% success rate
- 24/7 support
- Advanced trading tools
- Bitcoin payments only
- Use any broker
Trading Platform
Metafxtradingoption provides a proprietary trading platform, claiming an average order execution speed of less than 7.12 milliseconds, with over 12,000 orders executed per second through comprehensive liquidity providers.
Deposits and Withdrawals
Metafxtradingoption only supports deposits and withdrawals via cryptocurrencies.
Conclusion:
Traderknows reminds investors that Metafxtradingoption is a scam broker that entices investors with high returns to deceive them. The website has no corporate entity and no regulation. It is recommended that investors choose brokers with transparent information, strong regulation, and good reputation for investment activities to avoid unnecessary financial losses.
Currently, this broker is marked as a "Scam" on Traderknows.
