What is MetaFXTrade?
MetaFXTrade is a forex and CFD broker based in Vanuatu, listed with a foundation year of 2021. It offers leverage up to 1:500, spreads from 0.5 pips and a minimum deposit of $100. Clients trade on MetaTrader4 and on mobile.
MetaFXTrade is an online trading broker which is based on the MetaTrader4 platform. This broker is providing their clients with so many features on trading. It provides general trading accounts along with Islamic trading accounts. Trading is risky. Anytime, any clients can lose their money. This is why this broker comes with a solution named negative balance protection.
MetaFXTrade has five types of trading accounts and two types of Islamic accounts. All these accounts have different levels of minimum deposit to start and different spreads and leverage in all accounts are 1:500. There are different features also that vary from one account to another. All account types are described:-
- Basic Account:- This account requires a minimum of $250 to start. The spread in this account is fixed at 1.6 pips. There is no commission in this account.
- Standard Account:- This account requires $500 to start. This account also has a spread of 1.6 pips but it is not fixed as the spread is floating from 1.6 pips.
- Gold Account:- The starting amount in this account is $2,500. The spread in this account is floating from 0.6 pips. Unlike the basic, and standard account, this account charges a $6 commission.
- Platinum Account:- This account requires a minimum of $5,000 deposit. Just like the Platinum account, the spread in this account is also floating from 0.6 pips. Commission in this account is $3 per lot.
- VIP Account:- This account starts with a $20,000 minimum deposit. The spread in this account. This account is a commission-free account. The spread in this account is floating from 0.5 pips. Just like the platinum account, this account doesn’t support community trading.
- Islamic Variable:- This account starts with $100 of funding. The spread in this account is floating from 1.6 pips. This account is a no swap and no commission account.
- Islamic Platinum:- This account starts with $2,000 of funding. The spread in this account is floating from 0.6 pips. This is also no swap and no commission account.
Is MetaFXTrade safe and regulated?
MetaFXTrade is regulated by MetaFXTrade� is regulated by Vanuatu Financial Service Commission (License number: 17901). This is an offshore regulator. It sets capital and reporting rules, but its investor protection is lighter than tier-1 regulators such as the FCA (UK), CySEC (Cyprus) or ASIC (Australia), and there is usually no investor compensation scheme.
Offshore regulation is also the reason the broker can offer leverage up to 1:500 and trading promotions, which tier-1 regulators restrict for retail clients.
Safety checklist before you deposit
- Search licence 17901 on the official regulator register and confirm the company name matches.
- Check that client funds are held in segregated bank accounts.
- Make a small first deposit and test a withdrawal before you add more.
- Confirm negative balance protection applies to your account type.
MetaFXTrade account types
The broker offers several account options so beginners and experienced traders can choose the right fit. Accounts open from a $100 minimum deposit.
| Account | Best for | Available |
|---|---|---|
| Mini account | Beginners trading small lot sizes | Yes |
| VIP account | High-volume traders wanting raw spreads | Yes |
| Islamic (swap-free) | Traders who need no overnight interest | Yes |
| Managed account | Investors who prefer a money manager | Yes |
Trading platform and conditions
MetaFXTrade provides MetaTrader4, so you can trade from any browser without installing software. Mobile trading is supported as well.
- Scalping and hedging are permitted, which suits short-term and EA-style strategies.
- News trading is allowed during high-impact economic releases.
- Spreads from 0.5 pips are available on raw pricing, with a commission per lot.
- Leverage up to 1:500 gives large position sizes from a small deposit, which also raises the risk of fast losses.
Deposits and withdrawals
MetaFXTrade supports 2 funding methods, including Bank Transfers, Credit card/ Debit card. Accounts can be held in 3 base currencies (USD, EUR, GBP), which helps you avoid conversion fees.
MetaFXTrade bonus: <p>This broker is not providing any welcome bonus</p>
How the promotion works
The current MetaFXTrade promotion is <p>This broker is not providing any welcome bonus</p>. Entry rules, dates and eligible countries are set by the broker. Read the full terms on the MetaFXTrade website before you trade for it.
Check the promotionLooking for free trading credit instead? Compare the latest forex no deposit bonus offers and forex deposit bonuses.
MetaFXTrade pros and cons
Pros
- High leverage up to 1:500
- Raw spreads from 0.5 pips
- Scalping and hedging allowed
- News trading allowed
- Islamic, VIP, Mini and managed accounts
Cons
- Only offshore regulation
- No investor compensation scheme
- $100 minimum deposit is higher than some rivals
How to open a MetaFXTrade account
- RegisterVisit the MetaFXTrade website and sign up with your name, email and phone number.
- Verify your identityUpload a passport or national ID and a recent proof of address (KYC).
- Choose an accountPick Islamic, VIP, Mini, managed or a standard account, and your base currency.
- Fund the accountDeposit at least $100 with Bank Transfers, Credit card/ Debit card.
- Start tradingLog in to MetaTrader4 or the mobile app and set your risk per trade.
Is MetaFXTrade a good broker? Our verdict
MetaFXTrade suits active traders who want high leverage, raw spreads, freedom to scalp or trade the news. The main trade-off is regulation: an offshore licence gives less protection than a tier-1 regulator. Start small, test a withdrawal, and only trade money you can afford to lose.