MetaPro Trades

MetaPro Trades is a forex and CFD broker registered in the Netherlands, founded on November 7, 2023. The company lists its registered address at Geulstraat 7, 1078 KX Amsterdam. Despite its EU registration, the broker currently holds no financial regulatory license from any recognized authority, which is a critical consideration for potential traders.

According to its official website, MetaPro Trades markets itself as a multi-asset brokerage offering access to over 12,000 financial instruments. The broker primarily targets retail traders looking for high leverage and a wide variety of markets, including stocks, ETFs, indices, forex, and cryptocurrencies. However, the lack of verifiable user reviews and limited operational history raises questions about its reliability.

As of now, MetaPro Trades is not regulated by any major financial authority such as the AFM (Netherlands Authority for the Financial Markets), FCA, CySEC, or others. The absence of regulatory oversight means there is no third-party supervision of the broker's operations, client fund segregation, or dispute resolution mechanisms. Traders should be aware that this significantly increases counterparty risk.

Our FXCanary Scam Risk Score of 49 out of 100 places MetaPro Trades in the 'Guarded' category. This score reflects the high-risk profile stemming from the lack of regulation, the novelty of the entity, and the absence of independent user feedback. While a score of 49 does not definitively label the broker as a scam, it signals that traders should exercise extreme caution.

MetaPro Trades offers a range of account types catering to different experience levels and trading preferences. The available accounts include Demo, Demo R Trader, Demo Pro, Prime, ECN-Pro, and a Cent account. Notably, all demo accounts come with leverage options: Demo R Trader offers 1:200, Demo provides 1:500 for MT4 and 1:300 for MT5, and Demo Pro offers up to 1:2000. The Cent account requires a minimum deposit of 500 USD/EUR/GBP, while other accounts do not specify a minimum deposit. Leverage details for the Prime and ECN-Pro accounts are not provided on the website.

The wide variation in leverage—from 1:200 to 1:2000—suggests that the broker targets both conservative and aggressive traders. However, the lack of clarity on trading costs (spreads, commissions) for each account type makes it difficult to assess overall trading conditions. Traders should verify these details directly with the broker before committing funds.

MetaPro Trades claims to offer over 12,000 trading instruments, covering stocks, CFDs on stocks, ETFs, indices, forex pairs, and cryptocurrencies. This extensive selection is a notable selling point, as it allows traders to diversify across multiple asset classes from a single account. The broker supports the MetaTrader 4 (MT4) and MetaTrader 5 (MT5) platforms, which are industry standards known for their advanced charting tools, automated trading capabilities, and user-friendly interfaces.

While the instrument range is broad, the absence of concrete information about contract specifications, margin requirements, and execution models leaves questions about the actual trading experience. We recommend that traders test the platforms via the demo accounts before making any real deposits.

MetaPro Trades does not publicly disclose detailed information about funding methods, processing times, or fees on its website. This lack of transparency is a common red flag in the brokerage industry. Traders may need to contact the broker directly or access their client portal to learn about available deposit and withdrawal options.

Given the regulatory status, it is advisable to use only trusted and reversible payment methods if one chooses to proceed. Credit cards and reputable e-wallets may offer some level of chargeback protection, though this is not guaranteed. We strongly recommend verifying the broker's withdrawal policies before depositing any funds.

MetaPro Trades appears to target retail traders who are seeking high leverage and access to a vast array of CFD instruments. The availability of demo accounts with varying leverage limits suggests the broker aims to attract both beginners for practice and experienced traders for strategy testing. The Cent account, with its relatively low minimum deposit of 500 USD/EUR/GBP, may appeal to small retail investors.

However, due to the lack of regulation and the newness of the entity, this broker is not suitable for risk-averse traders or those who prioritize fund security. Institutional or professional traders will likely find the transparency and regulatory protections insufficient.