Metaplustrade

According to WikiFX assessment, Metaplustrade holds a score of 1.81 out of 10, reflecting a high-risk profile. The broker operates without any recognized regulatory oversight, which significantly undermines its safety and reliability for traders.

Metaplustrade is not regulated by any authoritative financial body. It holds no valid forex trading licenses, as confirmed by WikiFX data.

The minimum deposit for Metaplustrade is $300, which is required for the Beginner account type. Other account types have higher minimum deposits, up to $30,000 for the Premium account.

Metaplustrade does not publicly disclose whether it supports MetaTrader 4 or MetaTrader 5. The trading platforms offered are not specified in the available information.

Pro: Offers a variety of account types with a low minimum deposit of $300. Cons: Lacks any form of regulatory oversight; has a short operational history of 1–2 years; and provides limited transparency on key trading conditions such as leverage, spreads, and platforms.

Based on WikiFX data, there are no user complaints filed against Metaplustrade at this time.

Metaplustrade is registered in the United States and does not hold authorization from the Financial Conduct Authority (FCA). Therefore, it is unlikely to be available to residents of the United Kingdom. Traders should verify directly with the broker.

Metaplustrade offers a Beginner account with a low minimum deposit of $300 and supports scalping and EA trading. However, the absence of regulatory oversight and the lack of disclosed trading platforms and educational resources make it a less suitable choice for beginners who typically benefit from a regulated environment and transparent conditions.

Metaplustrade offers seven account types: Beginner ($300 min), Standard ($350), Business ($400), CASHBACK ($800), DIAMOND ($500), ADVANCED ($10,000), and PREMIUM ($30,000). All accounts allow scalping, EA usage, and hedging, but details on spreads, leverage, and commissions are not disclosed.

Metaplustrade does not publicly disclose its maximum leverage levels. Leverage specifications are not listed for any of its account types, which is a significant transparency concern for traders assessing risk. Without this information, the risk profile remains uncertain.

A cloned broker website refers to a fraudulent website that imitates the information of a legitimate broker. Such websites usually copy the real company's brand name, page design, and even regulatory information to mislead investors into making deposits. Common features include: a domain name highly similar to the official website (such as slight spelling differences), abnormal or unverifiable contact information, and promises of unusually high returns. Once funds enter such platforms, they are usually difficult to recover. Investors can identify potential risks by checking the official domain name, verifying regulatory information, and using WikiFX for cross-verification.

WikiFX is a third-party platform that provides forex broker information inquiry and risk alerts. This type of platform mainly integrates brokers' regulatory information, user feedback, and historical records, and conducts comprehensive evaluation through a multi-dimensional model to help investors quickly understand the broker's basic situation and potential risks. By using such tools, investors can conduct preliminary screening before choosing a broker, thereby reducing decision-making risks caused by information asymmetry.

Common forex regulatory authorities include the Financial Conduct Authority (FCA) in the United Kingdom, the Australian Securities and Investments Commission (ASIC), the Commodity Futures Trading Commission (CFTC) and the Securities and Exchange Commission (SEC) in the United States, the Cyprus Securities and Exchange Commission (CySEC), and the Monetary Authority of Singapore (MAS). These regulatory authorities usually maintain relatively high regulatory standards, and brokers regulated by them generally have higher compliance levels. You can check broker ranking lists under different regulators on the WikiFX platform, such as brokers regulated by FCA, ASIC, and CySEC, so as to compare brokers under different regulatory backgrounds more clearly and make safer choices.

If a broker holds multiple regulatory licenses, it usually means that it operates in multiple countries or regions and needs to comply with the requirements of different regulatory authorities. Its overall credibility is generally higher. However, it should be noted that regulatory strength differs between licenses. Some offshore regulations have weaker restrictions, so safety should not be judged only by the number of licenses. It is recommended to focus on whether the broker holds licenses from major regulators such as FCA or ASIC, and evaluate its regulatory status, historical records, and overall rating together. You can also check all regulatory information and performance under different regulators on the WikiFX platform to more comprehensively assess its actual risk level.

WikiFX ratings are calculated based on a multi-dimensional data model, mainly including five dimensions: regulatory index, license index, business index, risk control index, and software index. The rating adopts a range system (0-10 points). The higher the score, the higher the broker's overall performance level. In addition, ratings are dynamically updated according to regulatory changes, complaint handling results, and historical data performance, making the rating more objective and timely. You can check the scores of each dimension and their trends on the WikiFX platform to evaluate the broker's actual situation more comprehensively.