There are many things already said about the MetricTradingFX broker scam. You got it – the MetricTradingFX is a scam! Many signs make this broker a scammer. Read this MetricTradingFX review to uncover everything to make yourself aware of this scam broker.
Broker Website – https://metrictradingfx.com/
Address – United States
Warned By – Not Recommended By Review Website Like Fraud Reports Online
The parent company is Prime24Options (P24O Ltd.). MetricTradingFX claims it is licensed by MFSA, the American regulatory authority. There is no MFSA in the USA, from where the company is supposed to be operating. For the company to operate in the USA it must be registered by CFTC (Commodity Futures Trading Commission) and a member of NFA (National Futures Association). It claims to be registered by MFSA, i.e. Malta Financial Service Authority of Malta. Read this MetricTradingFX review before investing your hard-earned money.
The website also claims it is a MIFID complaint and is authorized by regulatory bodies, FCA (the UK), BaFin (Germany), AMF (France), and CONSOB (Italy) but does not display any information of the same on its website.
The contact address given is 31, Beeston Road, Nottingham, which is in the UK, but from the map displayed on its website we conclude, that it is located in Malta, North of Africa. The contact number provided is +1 9283161259 and it is in the USA. Email ID: support@Metrictradingfx.com. For technical support working hours are 08:00 to 20:00. The website seems to be a clone and is disguising itself as a legitimate broker.
The domain creation date is 08th Jan. 2021.
MetricTradingFX Review: Trading
The company trades in forex commodity futures, shares indices, and energy. It also provides advice for trading in form of e-books, and webinars. Their main focus is on forex trading. They have an association with Marm. Through MetricTradingFXmore than 70 assets are available for trading.
MetricTradingFX Review: Payment Methods
The company accepts payments through Bank transfers (PWC, BOV, and Bank of Cyprus), Credit cards (MasterCard, VISA, and Visa Electron), Neteller, QiWi wallet, Yandex Money, Webmoney, Skrill, and Bitcoin. Bitcoin is their favorite mode of accepting funds.
The company aims to provide excellent trading conditions, innovative trading tools, and innovative trading platforms to all its clients.
MetricTradingFX Review: Account Types
MetricTradingFX offers two types of accounts Weekly and Monthly. They are further subdivided. The Weekly account is further subdivided into Starter (minimum deposit $500), Classic (minimum deposit $3,500), PRO (minimum deposit $8,000), Executive (minimum deposit $11,500), and Premium (minimum deposit $25,000).
Monthly account is further subdivided into Luxury (minimum deposit $50,000), VIP (minimum deposit $75,000), VIP Luxury (minimum deposit $150,000), Silver Platinum (minimum deposit $350,000), Gold Platinum (minimum deposit $500,000), VIP Gold Platinum (minimum deposit $750,000), and Gold Luxury Platinum (minimum deposit $1,000,000). A demo account is also available for first-time traders/investors.
MetricTradingFX Review: Platform
MetricTradingFX offers its client MetaTrader5 trading software. The software was developed in 2000 by the Russian developing company MetaQuotes Software Corporation. At present, it is one of the most popular trading platforms with a wide range of tools and features.
The first step is to register you with the broker. Upload required documents to activate the account. Fund your account through different any one of the available payment methods. Now one can start trading.
Do not open an account with MetricTradingFX?
- MetricTradingFX is a clone company and is not a legitimate one.
- It is an unregulated broker and very risky.
- Since it is not regulated it does not follow any rules and regulations.
- Parent company Prime24Options is banned in Malta. It alerts the public that it is not a Maltese registered company nor licensed.
- If someone wants to fund his account through another method apart from Bitcoin, they message you to contact the Live Chat agent.
- There is an account upgrade option where there is a completely different set of account types.
- Offer for bonuses is banned in the USA and the UK, but still, the broker is offering bonuses.
Are you trapped in a MetricTradingFX scam?
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