The forex, binary, and cryptocurrencies brokerage services provider Meta4fxtrade claims to be operational from the Republic of Ireland. It also claims to be regulated by ASIC, FSCA, FSA, FFAJ, and ADGM like financial watchdogs around the globe. The broker does not say anything about accounts provided, initial investments required, and trading conditions on it’s the official website: www.meta4fxtrade.com. There is a statistic dashboard on the home page that indicates many statistics of this broker like average cash out and trade performed per month. However, all the claims of this broker are false and in this Meta4fxtrade review, we will unmask this broker. Please keep track of every detail we provide you in this reliable review.
The official website of Meta4fxtrade is completely anonymous. It does share information about its subsidiaries that is discussed below. The broker’s subsidiary Meta4fxtrader EU LTD claims to be regulated by Central Bank of Ireland. Meta4fx Trade Ltd, another subsidiary is run by ASIC regulated firm Meta4fx Capital Markets Australia Pty Ltd. Furthermore, it claims that the other subsidiary operational from South Africa, Japan and Dubai are regulated by respective financial regulators. Nevertheless, the broker is unregulated and has received a scam warning against it by Central Bank of Ireland. It provides a web-based trading platform on which automated trading is prohibited. It also claims to provide withdrawal charges via email. The minimum initial investment of $100 by Bitcoins and $300 for other payment method is acceptable but the withdrawal amount is capped at $1000. Strangely enough, the broker claims to be operational from Ireland and asks deposits in USD. It also applies several hidden charges on traders that are not disclosed such as account maintenance fee, trade commission, dormant fee and more. It does not clarify how many days it takes to process the withdrawal request. It further proudly claims that it does not offer a free demo account. Contact Us section does not contain any telephone number it means all the business and communication is done by email only.
Is Meta4fxtrade scam or legit?
The broker is anonymous and falsely claims to be situated in different counties of the world. It also falsely claims to be regulated by at least 6 top-grade financial regulators. It has received a scam warning against it by Central Bank of Ireland. The trading conditions are not clear and web trader is available for trading. Above hardcore analysis of this broker leads us to believe that the Meta4fxtrade is a potential scam broker 2020.