Metadoro

Metadoro is a boutique trading firm registered in Mauritius, established on 26 April 2022. The company operates from 3rd Floor, Manor House, 30 St Georges St, Port Louis, Mauritius. It presents itself as a platform where clients can both trade CFDs and invest in physical assets, aiming to serve retail and professional traders.

Despite its claims of being a regulated broker, FXCanary's research found no valid regulatory licence from any recognised authority. The broker's website references a 'FSC Mauritius Regulated Broker', but no licence number or official registration is provided, and the Financial Services Commission of Mauritius does not list Metadoro as a licensed entity.

Metadoro offers two primary account types: an Invest account for long-term holdings of physical stocks and ETFs, and a CFD trading account for leveraged speculation. The Invest account requires a $100 minimum deposit and caps leverage at 1:5. The CFD account, available on both MT4 and MT5, has a $10 minimum deposit and offers leverage up to 1:500, which is extremely high by industry standards.

This high leverage, combined with the absence of regulatory oversight, significantly amplifies risk for retail traders. The broker does not appear to offer any Islamic or swap-free accounts, nor does it disclose whether negative balance protection is available.

Metadoro supports the industry-standard MetaTrader 4 (MT4) and MetaTrader 5 (MT5) platforms, as well as its own proprietary web-based platform. MT4 and MT5 are widely used for forex and CFD trading, offering advanced charting tools, automated trading via Expert Advisors, and custom indicators.

The broker also claims to integrate AI-driven tools and real-time analytics, though independent verification of these features is not possible due to limited transparency. The availability of both popular platforms is a positive point for traders familiar with these ecosystems.

According to the broker's website, Metadoro provides access to over 2000 tradable instruments. These include currency pairs (forex), indices, commodities (metals, energy, agricultural), stocks, ETFs, bonds, and cryptocurrencies. The broker highlights tight spreads on forex and low commissions on equities and indices.

However, the contract specifications, such as contract sizes and margin requirements, are not clearly detailed on the site. The broker's claimed fee schedule indicates a $4 per lot commission on forex and energy, and a $13 per lot on metals, which are competitive but may vary by account type.

Metadoro supports multiple deposit methods including bank wire transfer, ADV Cash, Bitcoin, USDT (TRC20, BEP20, ERC20), SPEI (Mexican pesos), and local online banks in Malaysia, Indonesia, Thailand, and Vietnam. Deposits are commission-free, and the minimum deposit is $10 for CFD accounts and $100 for Invest accounts.

Withdrawals are subject to a 0.5% fee if the client's trading volume is below 3 standard lots. The processing times are not specified, which is a common concern with unregulated brokers. The broker also requires KYC verification, but the duration of the process is unclear.

Metadoro appears to target retail traders who are looking for access to a wide range of assets with high leverage and a low entry barrier. The Invest account appeals to those seeking traditional long-term investing, while the CFD account caters to active traders. The broker's marketing emphasises AI-powered tools and a boutique experience.

However, given the lack of regulatory protection and the offshore registration, Metadoro is suitable only for experienced traders who fully understand the risks of leveraged trading and are comfortable with an unregulated counterparty. Beginners or risk-averse investors should avoid this broker.