MetFX

MetFX is the trading name of Met Tech Global Ltd, a brokerage company registered in Saint Vincent and the Grenadines. It was founded on 18 February 2021, and its registered address is at Griffith Corporate Centre, Beachmont, 1510, Kingstown, St. Vincent and the Grenadines. The firm does not maintain a functional website, which limits the availability of independent public information.

According to the records, MetFX offers three account types: Islamic, Standard, and ECN. Minimum deposits range from 50 USD to 200 USD, and the maximum leverage across all accounts is 1:100. The broker claims to provide access to forex, commodities, cryptocurrencies, shares, and indices.

MetFX is not regulated by any financial authority. It is incorporated in Saint Vincent and the Grenadines, a jurisdiction known for its minimal regulatory oversight of forex brokers. The absence of a regulatory licence means that traders have no recourse to a financial ombudsman or compensation scheme in the event of a dispute.

As a result, the broker carries a high degree of counterparty risk. FXCanary's Scam Risk Score for MetFX is 41 out of 100, which falls into the 'Guarded' category, indicating significant caution is warranted.

MetFX offers three account tiers. The Standard account requires a minimum deposit of 50 USD and offers a maximum leverage of 1:100. The Islamic account, designed for swap-free trading, has a minimum deposit of 100 USD with the same leverage. The ECN account, typically catering to more experienced traders, requires a minimum deposit of 200 USD and also offers 1:100 leverage.

No information is available on spreads, commissions, or trading platforms from official sources. The lack of a functional website means that trading conditions cannot be independently verified.

The broker lists forex, commodities, cryptocurrencies, shares, and indices as available instruments. Without an operational website, details on the number of currency pairs, specific commodities, or crypto assets are not available. Similarly, the trading platform(s) used by MetFX are not specified, though industry databases suggest that many unregulated brokers in SVG offer MetaTrader 4 or 5.

Traders seeking to verify these offerings should exercise extreme caution, as the absence of a live site makes it impossible to test demo accounts or review trading conditions in real time.

No official information is available regarding funding methods for MetFX. Common options among similar SVG-registered brokers include bank wire, credit/debit cards, and cryptocurrencies, but this cannot be confirmed for MetFX.

Withdrawal policies and processing times are also undocumented. Given the unregulated status, traders should be prepared for potential delays or difficulties in retrieving funds.

MetFX is operated by Met Tech Global Ltd, incorporated in Saint Vincent and the Grenadines. The domain metfx.com was registered in 2003, but the website is currently not functional. The broker maintains social media profiles on Facebook, Instagram, and LinkedIn, though these are not verified or active sources of trading-related information.

The limited public footprint and lack of a working website are significant red flags. For a broker founded in 2021, the absence of an online presence undermines operational transparency.

MetFX appears to target retail forex and CFD traders, as indicated by its account types and leveraged offering. The low minimum deposit on the Standard account (50 USD) may appeal to beginners, while the ECN account could attract more experienced traders.

However, the unregulated nature and lack of verifiable information make it unsuitable for risk-averse traders or those requiring a regulated environment. Only traders comfortable with high risk and low transparency might consider this broker, and even then, with extreme caution.