MetaFinanceTrade offers to trade up to 80 major, minor and exotic currency pairs with competitive spreads and 0 commission.You can trade as little as 1 share on all share CFDs with no commission. They offer more than 300 popular stocks from the US and the EU. The company also offers a web based platform with easily customisable watchlists, trading charts and its own MetaFinanceTrade Trade Assistant. 

Is MetaFinanceTrade a scam or legit broker?

No, it is not safe to trade with MetaFinanceTrade as it is not regulated. MetaFinanceTrade Ltd claims to be a Luxembourg Investment Firm registered with the Commission de Surveillance du Secteur Financier and under CIF authorization number 357/18. The registered office of the Company is situated at 51 Boulevard Grande-Duchesse Charlotte, 1330 Luxembourg

The broker also claims to have offices in the US and Luxembourg. However, there is no mention of this broker in the online registers of both Commission de Surveillance du Secteur Financier (CSSF) and the Cyprus Securities and Exchange Commission (CySEC).

The broker is not regulated and has been misleading its clients with false regulatory information. Moreover, the Cyprus Securities and Exchange Commission has included MetaFinanceTrade in its warning list:

“The Cyprus Securities and Exchange Commission (‘CySEC’) wishes to inform investors that the following websites do not belong to an entity which has been granted an authorization for the provision of investment services and/or the performance of investment activities.”

We advise all investors and traders to avoid MetaFinanceTrade and other unregulated brokers. The lack of information about the broker’s regulation, trading conditions and contact details should be the biggest red flag for those who plan to invest with the entity. Usually, such companies run investment scams. Traders should trade with well-regulated brokers such as UK brokers or brokers in Australia and reliable brokers such as Alpari and XM.com.

You can also share your trading experience with MetaFinanceTrade by commenting on this review.

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