METFX Review
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Fast Facts
Contact Info and Support
Traffic information
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About METFX
MetFX, operating under the name Met Tech Global Ltd and headquartered at Griffith Corporate Centre, Beachmont, 1510, Kingstown, Saint Vincent and the Grenadines, presents itself as a provider of trading services via the MetaTrader 5 (MT5) platform, offering instruments including forex, commodities, cryptocurrencies, shares, and indices. Minimum deposit requirements reportedly start from USD 50, with maximum leverage up to 1:100. Spreads are advertised from 0.8 to 1.6 pips depending on account type, with account types including Standard, ECN, and Islamic (swap-free) accounts. ECN accounts reportedly charge commissions (~USD 4 per lot), while standard and Islamic accounts have commissions of USD 6 and USD 8 respectively. Inactivity fees (~USD 30/month after 3 months), long withdrawal processing times (~up to 5 business days), and chargeback fees (USD 250 for credit card refunds) have also been mentioned. Sources cite the website (though currently inaccessible) and associated publicly available data. ()
MetFX operates without any valid regulatory oversight from recognized authorities. Reports indicate the broker claimed registration with the St. Vincent and the Grenadines Financial Services Authority (SVG FSA), but no matching records exist, and the SVG jurisdiction does not regulate forex or CFD brokerage services. No licenses from FCA, ASIC, NFA, CySEC, or other major regulators are listed. Client fund protection measures such as segregation, negative balance protection, or participation in compensation schemes are not confirmed by any regulator. ()
Who it’s for
- Retail traders seeking low minimum deposit entry (USD 50) into multiple asset classes via the MT5 platform.
Pros and cons
Pros
- Low minimum deposit (USD 50), accessible to retail traders. ()
- Wide range of asset classes available: forex, commodities, cryptocurrencies, shares, and indices. ()
- Offers MT5 trading platform, known for advanced tools and flexibility. ()
Cons
- No valid regulatory license or oversight; SVG provides no official regulation of forex brokers. ()
- Reported account fees: monthly inactivity fee (~USD 30), chargeback fee (USD 250), and lengthy withdrawal processing (~up to 5 business days). ()
- Spreads and commission combined may result in higher trading costs (e.g., Standard account: spread from 0.8 pips plus USD 6 commission). ()
