Metatradecore is an online trading platform offering services such as copy trading, forex, stocks, cryptocurrencies, and options. The official website's domain name is metatradecore.com, registered on April 25, 2023. Upon verification of the information disclosed by the platform, it was found that the platform does not possess an actual corporate entity.
Company Background and Regulatory Information
The platform claims on its official website to be an online forex and cryptocurrency STP broker, stating it was founded in 2014 by a group of professionals, offering CFD trading on hundreds of assets. However, upon verification, several issues were found with the company information provided by the platform.
Firstly, the "Privacy Policy" on the official website mentions that Metatradecore LLC is a company registered in Saint Vincent and the Grenadines with an address at "Hinds Building, Kingstown, St. Vincent and the Grenadines." However, a search on the Financial Services Authority (FSA) of Saint Vincent and the Grenadines website revealed no registration records for this company, indicating that the platform is not registered there.
Additionally, the "About Us" page of the platform's website displays a U.S. business license, claiming it was issued by the "United States Business Registration Bureau" and allows the company to engage in "ancillary trading software" related business. Upon investigation, several issues with this certificate were found:
- The license number on the certificate is only six digits, which does not conform to the typical format of business registration numbers in the United States.
- The certificate mentions the "United States Business Registration Bureau" but fails to specify which state's business registration agency it refers to, lacking a specific state name, casting doubt on the authenticity of the certificate.
- The issuance date of the certificate does not match the company's founding date. The information on the website states its establishment in 2014, but the certificate's issuance date is 2010, indicating a clear discrepancy.
Furthermore, according to U.S. law, Metatradecore should register with the Financial Crimes Enforcement Network (FinCEN) of the United States for its forex, stocks, cryptocurrencies, and options business, but no registration records for the platform were found on the FinCEN website. Additionally, no regulatory authorization information for the platform was found in a query on the U.S. Securities and Exchange Commission (SEC) website.
Trading Account Information
The official website does not provide detailed account types or investment plans, only stating that the minimum deposit for a trading account is $300, and offers a maximum leverage of 1:500. However, no specific information about other trading accounts is disclosed, including account types, fees, commissions, etc.
Deposits/Withdrawals
The platform does not disclose any specific information about deposits and withdrawals, such as supported deposit methods, minimum deposit amounts, deposit times, or whether there are any charges. The lack of this crucial information means that users cannot understand the platform's specific policies before trading.
Company Address and Personnel
The platform's website claims its company operation address is "1010 Avenue of the Moon New York, NY 10018 US." Upon inquiry, this address belongs to a commercial complex. The large amount of false information provided by the platform makes the authenticity of its operation at this location highly questionable.
Furthermore, the platform's website does not provide any information about company members, and no employee profiles can be found on public networks. This further deepens skepticism about the platform's legitimacy and transparency.
Website Traffic and Template
According to Semrush, the average monthly traffic for metatradecore.com is less than 100 visits, indicating virtually no users are using the platform.
Even more concerning is that the platform uses the same design template and nearly identical content as several other fraudulent websites (such as Cmcfxsignals, synergypips), suggesting these sites may have been mass-produced by the same team and are highly likely to be fraudulent.
User Reviews and Brand Exposure
There are practically no user reviews about Metatradecore available online, nor are there any news reports about the platform. This indicates that the platform's brand exposure is very low and user trust is questionable.
Contact Information and Social Media
The platform's website only provides an email address ([email protected]) as a contact method, lacking more communication channels like phone or online customer service. Additionally, the platform has not established any official accounts on mainstream social media such as LinkedIn, Facebook, Instagram, Twitter, or YouTube.
Risk Report
Based on the above information, Metatradecore presents several potential risks:
- Regulatory Issues: The platform claims to be registered in Saint Vincent and the Grenadines, but no relevant registration records were found. The U.S. business license also presents several issues, casting doubt on the authenticity of the certificate.
- Lack of Corporate Entity: The platform does not provide any information about a corporate entity or staff, and the related address cannot be verified, further increasing doubts about the platform's authenticity.
- Fund Security Risk: As the platform has not disclosed detailed deposit and withdrawal information, users face significant fund security risks when trading.
- Lack of User Reviews: The platform has virtually no user reviews or news reports, with low brand exposure and unverifiable user trust.
- Fraud Risk: Sharing the same template with multiple known fraudulent platforms suggests it may be operated by a fraudulent team.
Therefore, investors should be cautious when considering whether to use Metatradecore, fully understanding the associated risks.
