Metafxcoin

Metafxcoin is a brokerage that presents itself as a multi-asset trading platform, registered in the United States with a stated founding date of March 2023. The company operates under the domain metafxcoin.com and lists a registered address in Maitland, Florida. According to our records, the firm claims to offer over 100 trading instruments spanning cryptocurrencies, indices, forex, energies, shares, options, and ETFs, though the official website does not appear to be independently verifiable.

Our records indicate that Metafxcoin lists three regulatory licences on file: an ASIC Market Making licence (no. 406684) in Australia, a CBI Market Making licence (no. C53877) in Ireland, and an FSCA Forex Trading Licence (no. 45984) in South Africa. However, the status of these licences is not confirmed, and we have not been able to verify them against public registers. The company description also notes that while Metafxcoin claims regulation, these claims are suspected to be unverified, urging caution.

Metafxcoin lists three regulatory bodies in its records: the Australian Securities and Investments Commission (ASIC), the Central Bank of Ireland (CBI), and the Financial Sector Conduct Authority (FSCA) of South Africa. The licence numbers provided are 406684 (ASIC), C53877 (CBI), and 45984 (FSCA), each associated with a Market Making or Forex Trading licence. However, the status of each licence is marked as '—' in our records, meaning we have no confirmation of active or valid authorisation.

We cross-checked the licence numbers against public registers where possible, but the results were inconclusive. In FXCanary's assessment, the lack of verifiable regulatory status is a significant concern. Traders should be aware that operating with an unverified or suspended licence can expose them to higher risks, including limited recourse in case of disputes. We strongly recommend that any potential client independently verify these licences with the respective regulators before committing funds.

Metafxcoin offers five account tiers, each with a different minimum deposit requirement. The entry-level STARTER account requires a minimum deposit of $300, followed by BRONZE at $1,000, SILVER at $3,000, GOLD at $5,000, and the top-tier PLATINUM account at $15,000. Notably, our records do not specify maximum leverage, minimum spreads, or commission structures for any of these accounts, which leaves a significant gap in the information available to traders.

The tiered structure suggests that Metafxcoin aims to cater to a range of traders, from beginners to high-net-worth individuals. However, the absence of disclosed trading conditions is a red flag. In our view, a reputable broker typically publishes its spreads, leverage, and commission details upfront. The lack of such information makes it difficult for traders to assess the true cost of trading and the potential risks involved.

According to the company description, Metafxcoin offers over 100 trading instruments across multiple asset classes, including cryptocurrencies, indices, forex, energies, shares, options, and ETFs. This breadth would position it as a multi-asset broker, appealing to traders seeking diversification. However, our records do not specify which trading platform or platforms the broker supports, nor do they list the specific instruments available.

Without concrete details on the trading platform, execution model, or order types, it is challenging to evaluate the quality of the trading experience. We note that the broker's official website is not verifiable, and we found no independent evidence of its platform offerings. In FXCanary's assessment, the lack of transparency around the trading environment is another cautionary signal, as traders rely on platform reliability and execution speed for successful trading.

Our records do not list any deposit or withdrawal methods for Metafxcoin. This is a notable omission, as the ability to fund an account and withdraw profits is fundamental to any trading relationship. Without clear information on accepted payment methods, processing times, or associated fees, traders cannot plan their capital movements effectively.

We also found no mention of supported currencies or any restrictions on deposits and withdrawals. In the absence of such details, we advise traders to exercise extreme caution. A broker that does not disclose its funding and withdrawal processes may be difficult to deal with when it comes to accessing funds, which is a common issue with unregulated or poorly regulated entities.

Metafxcoin is registered in the United States, with a registered address at 900 Winderley Pl, Maitland FL 32751. The company was founded, according to our records, on March 1, 2023, though the company description mentions a founding year of 2019, which is inconsistent. This discrepancy adds to the overall uncertainty surrounding the broker's history and operations.

Our records also indicate that Metafxcoin has zero employees on file, and we found no verifiable website or social-media presence. This lack of a digital footprint is highly unusual for a financial services provider. In FXCanary's assessment, the absence of a functioning website and social media channels makes it nearly impossible for traders to conduct basic due diligence, such as reading user reviews or contacting customer support. This is a major red flag and contributes to our guarded risk score of 40/100.

In summary, Metafxcoin presents itself as a multi-asset broker with a range of account tiers and a broad instrument offering, but the lack of verifiable regulatory status, undisclosed trading conditions, and minimal online presence raise serious concerns. Our FXCanary Scam Risk Score for this broker is 40/100, which we classify as 'Guarded', indicating a moderate level of risk.

We strongly advise traders to approach Metafxcoin with caution. Before considering any investment, we recommend verifying the regulatory licences directly with ASIC, CBI, and FSCA, and seeking independent reviews from trusted sources. Given the limited information available, it may be prudent to explore alternative brokers with a more transparent and established track record.