MetaGold Capital Review

About MetaGold Capital

MetaGold Capital is not authorised by the Financial Conduct Authority (FCA) in the United Kingdom and has been issued a warning for offering financial services in the UK without authorisation; the firm is therefore classified as an unauthorised entity. The FCA warning was first published on 4 May 2022. The website metagoldcapital.com is listed in the warning. FCA warns that clients would not have access to Financial Ombudsman Service or FSCS protection.

MetaGold Capital claims registration in Saint Vincent and the Grenadines, but the local Financial Services Authority (SVG FSA) does not issue forex licences or supervise such brokers, so registration does not equate to regulatory authorisation. No regulation by recognised top-tier authorities (e.g., FCA, ASIC, CySEC, NFA) has been identified. The firm’s offshore status, absence of regulation, and warnings by regulators contribute to its classification as a scam.

Reports indicate that MetaGold Capital’s website is currently inaccessible, which is considered a red flag for fraud risk. The broker previously offered MetaTrader 5, high leverage up to 1:500, and trading across asset classes (e.g. forex, commodities, indices, cryptocurrencies), but none of these claims are backed by any regulatory oversight or customer fund protection.

Pros and cons

Pros

• Platform claimed: MetaTrader 5 (as per available reports)

Cons

• Unauthorised firm, issued warning by the UK FCA for operating without authorisation
• Registered offshore in Saint Vincent and the Grenadines, where no forex regulation exists
• No regulation by Tier‑1, Tier‑2, or Tier‑3 financial authorities
• Website currently inaccessible, raising operational and withdrawal risk
• No investor protection mechanisms (e.g., fund segregation, compensation schemes) available