About Metatrade
Company Overview
Metatrade is a broker registered in the United Kingdom, with its official address at 71-75 Shelton Street, Covent Garden, London, WC2H 9JQ. Founded on 2 December 2022, the company operates the website metatrade.ltd. However, the website offers minimal information, consisting primarily of a registration page under the branding 'WEALTH WAY'. This lack of transparency makes it difficult to assess the broker's background, team, or operational history.
The broker's name suggests a focus on forex and trading services, but the limited digital footprint leaves many questions unanswered. Potential clients should approach with caution, as the absence of detailed disclosures is unusual for a regulated broker.
Regulation and Security
Our records indicate that Metatrade holds no regulatory licences from any recognised financial authority. The registered address in the UK does not imply oversight by the Financial Conduct Authority (FCA). Unregulated brokers operate without the investor protections that come with regulatory supervision, such as compensation schemes or dispute resolution mechanisms.
Given the absence of regulatory information on the website, traders have no assurance of fair practices or segregation of client funds. This is a significant risk factor for anyone considering trading with Metatrade.
Account Types
The Metatrade registration page does not disclose any specific account types, such as standard, mini, or Islamic accounts. Without further information, it is unknown what minimum deposit requirements, leverage options, or trading conditions are offered. Typically, brokers would list such details to attract traders, but their absence here suggests either a lack of standardisation or an intention to provide these details only after registration.
Prospective clients should be aware that the lack of upfront information about account types makes it impossible to compare Metatrade with other brokers or to assess suitability for their trading needs.
Trading Platforms
No information is provided on the Metatrade website regarding the trading platforms available. Popular platforms like MetaTrader 4/5 or cTrader are not mentioned. The domain name 'metatrade' could be an attempt to associate with the MetaTrader brand, but this is not confirmed. Without platform details, traders cannot evaluate the tools, charting capabilities, or execution methods they would rely on.
In the absence of such critical information, the broker's infrastructure remains opaque, increasing the risk for potential users.
Deposit and Withdrawal Methods
The registration page does not list any deposit or withdrawal methods. Typically, brokers accept bank transfers, credit cards, e-wallets, or cryptocurrencies, but Metatrade has not specified any. This lack of transparency raises concerns about how clients are expected to fund their accounts and the security of those transactions.
Furthermore, without disclosed withdrawal procedures, traders cannot verify payout reliability. This is a major red flag for any brokerage service.
Customer Support
Metatrade's website offers no contact details such as phone numbers, email addresses, or live chat. The only interactive element is the registration form. This absence of customer support channels makes it difficult for clients to resolve issues or ask pre-trade questions.
Reliable brokers typically provide multiple ways to reach support. The lack of any contact information is unusual and may indicate a low level of commitment to client service.
Overview compiled by FXCanary from regulatory records and public data. full Metatrade review