Meta Investing Review
Reason to avoid: Offshore license
Listed Date: June 10, 2018
Top 3 Regulated Forex Brokers
- Company name: B.M.O. LTD
- Registration/license: Offshore license
- Registration/license requirement: $2,000
Meta Investing is owned by the B.M.O. LTD. It is an offshore forex broker registered in the Marshall Islands with a Banking Commission of Marshall Islands license. The brokerage claims to be located in the UK (website provides UK’s phone number as their office number), but there are no records that it’s authorized in the UK. Obtaining offshore forex license typically takes around $2,000 and 2-4 weeks depending on government processing times. Comparing the license from Canadian OSC (The Ontario Securities Commission), the fee will be around CAD 150,000. Also the company required to have an office in Canada.