Metaversesworld

Metaversesworld is a broker that was founded on 26 May 2022 and is registered in Saint Vincent and the Grenadines. Its official domain is metaversesworld.org. The broker presents itself as a trading platform offering multiple account tiers aimed at different levels of traders.

As an entity registered in Saint Vincent and the Grenadines, Metaversesworld operates under the legal framework of that jurisdiction. However, it is important to note that the Financial Services Authority of Saint Vincent and the Grenadines does not regulate forex brokers or oversee their activities. This means that the broker does not hold any known regulatory licence from any financial authority.

Our records confirm that Metaversesworld has no regulators on file. This absence of regulatory oversight is a significant factor for traders to consider. Without a credible licence, clients have no recourse to a financial ombudsman or compensation scheme in the event of a dispute.

Based on aggregated industry data and the lack of regulation, FXCanary's Scam Risk Score for Metaversesworld is 58 out of 100, which falls into the 'Elevated' risk category. This score reflects the potential risks associated with trading through an unregulated entity.

Metaversesworld offers three account types: PROFESSIONAL, AMATEUR, and BEGINNER. The PROFESSIONAL account requires a minimum deposit of $25,000, targeting high-net-worth or experienced traders. The AMATEUR account has a minimum deposit of $2,000, and the BEGINNER account requires $250.

Notably, the broker does not disclose the maximum leverage for any of these account types. This lack of transparency makes it difficult for traders to assess the risk level and potential margin requirements.

The known facts do not include any information about the trading instruments offered by Metaversesworld. It is unclear whether the broker provides forex, CFDs, cryptocurrencies, commodities, or other assets. Similarly, no details are available regarding trading platforms (e.g., MetaTrader, cTrader, or a proprietary platform).

This absence of information is a red flag for potential clients, as it prevents them from evaluating whether the broker meets their trading needs. Traders should exercise caution when considering a broker that does not openly disclose its product offering.

Based on the account structure, Metaversesworld appears to target a wide range of traders, from beginners with a modest $250 deposit to professionals willing to commit $25,000. However, the lack of regulatory oversight and transparency suggests that the broker may be more suitable for traders who fully understand the risks of unregulated entities.

Given the elevated risk score, it is advisable for retail traders, especially those new to trading, to consider well-regulated alternatives. Experienced traders who choose to engage with Metaversesworld should perform their own due diligence and proceed with extreme caution.