After reviewing MetaFXTrade, we assess it as a high-risk, likely fraudulent broker. Below we break down exactly why, and what your options are if you have already deposited.
None found
High (4/4)
Undisclosed
Avoid — do not deposit
Who is MetaFXTrade?
On the surface, MetaFXTrade looks like an ordinary forex and crypto broker. Its public site is presented at https://www.metafxtrade.com/. But surface impressions are exactly what these operations rely on — the substance behind MetaFXTrade is where the problems begin.
Is MetaFXTrade regulated?
MetaFXTrade provides no verifiable regulatory licence. An unregulated broker answers to no one: it can freeze withdrawals, invent fees, and disappear with deposits, all without consequence. This alone is reason enough to stay away.
Red flags we identified
- Offshore or shell-company registration used to avoid oversight
- No verifiable licence from a recognised financial regulator
- Opaque or anonymous corporate ownership
- Aggressive “account managers” coaching clients to deposit
- Unrealistic profit claims and pressure to deposit more
Our analysis
On 17 Jan 2022, the Ontario Securities Commission (OSC) issued a warning that MetaFXTrade is not registered in Ontario to engage in the business of trading in securities. You may visit: https://www.osc.ca/en/investors/warnings/metafxtrade
Can you recover money lost to MetaFXTrade?
If you have deposited with MetaFXTrade, do not pay any further “fees” to withdraw — that is part of the trap. Funds sent to operations like this can sometimes be traced on-chain and pursued through the exchanges and processors that received them. Whether recovery is realistic depends on how you paid and how quickly you act.
Were you scammed by MetaFXTrade?
You may still have options. Our team can trace where your funds went and tell you honestly whether recovery is realistic — with a free, confidential case review.
Start a free recovery review →Warning: never pay an upfront fee to anyone “guaranteeing” recovery. Cleverecovery does not guarantee outcomes.