METFX Journal (Broker out of business)
Journal status: closed METFX out of business |
METFX Profile
Website
metfx.com
Year
2009
Country
SVG
Branches
1
Regulation
not regulated
Registration
FSA SVG
Investor protection
Fund protection
no
Publicly traded
no
Restricted in
Not serving
...
Broker type
STP, DMA, ECN marketing
Dealing book
A-book
Tier
3
Execution speed
...
LPs total
...
LPs quality
...
LPs names
...
METFX Accounts
STP
ECN
Minimum Deposit
50 $
200 $
Leverage
100 : 1
100 : 1
Minimum Lot
0.01 lots
0.01 lots
EURUSD spread
0.8 pips
0 pips
Commission
6 $/lotRT
4 $/lotRT
Volume
...
...
Margin Call
100 %
100 %
Stop Out
80 %
80 %
Execution
Market
Market
Spread
floating
floating
Scalping
no
no
Deposit & Fees
Deposit methods
Bank Wire, Credit Card, Debit Card, STICPAY, Bitcoin, Ethereum, Tether
Base currency
USD, EUR, GBP
Segregated accounts
yes
Interest on margin
no
Inactivity fee
after 3 months
Update broker |
Is METFX safe?
- Investor protection: no
- Regulation: not regulated
- Registration: FSA SVG
- Publicly traded: no
- Segregated account: yes
- Guaranteed Stop Loss: no
- Negative Balance Protection: yes
Is METFX trusted?
- Information transparency: high
★★★★★ - Customer service: ...
- METFX website: semi-detailed, updated
★★★ - METFX popularity (by visitor count): low visits
★★
How METFX works
ECN
You will have fast execution with raw spreads.
https://metfx.com/trading-accounts/
2. When trading in CFDs, the Client is trading on the outcome of the price of an Underlying Asset and that trading
does not occur on a regulated market but over-the-counter (OTC). The Client accepts that Met Tech Global Ltd. is
the only execution venue, which is a non-regulated market.
The Company receives fees/commission from the counterparties through which it executes Transactions. This fee/commission is related to the frequency/volume of Transactions executed through the counterparty and/or other parameters.
CONFLICTS OF INTEREST
1. The Client accepts that a conflict of interest may arise when the interest of TIO Markets compete or interfere, or appear to compete or interfere, with the Client’s interests under this Agreement. More specifically, the Client accepts that:
• The Company may establish business, including but not limited to trading relationships, with other issuers of financial instruments and the Company may have financial interest in such instruments.
3. We may pass on Clients’ Money to a third party (e.g. a bank, a market maker or liquidity provider, merchant, e- wallet, intermediate broker, OTC counterparty or clearing house) to hold or control in order to effect a Transaction through or with that person or to satisfy your obligation to provide collateral (e.g. initial Margin requirement) in respect of a Transaction.
6. Met Tech Global Ltd. offers its Clients “negative balance protection”. This means that traders cannot lose more than the overall size of their investment.
PROHIBITED TRADING
1. Generally speaking, the Company allows all types of trading methods and styles. The Company does reserve the right, however, to close, suspend or recoup any closed profit and loss from an Account it deems is engaging in unethical or questionable trading styles including, but not limited to, latency arbitrage, market manipulation, collusion, the act of “flooding” of our servers with an excessive amount of pending orders, excessive logins, “picking” and “sniping”, over-leveraging or the use of certain automated trading systems or Expert Advisors, without notice.
The Company receives fees/commission from the counterparties through which it executes Transactions. This fee/commission is related to the frequency/volume of Transactions executed through the counterparty and/or other parameters.
CONFLICTS OF INTEREST
1. The Client accepts that a conflict of interest may arise when the interest of TIO Markets compete or interfere, or appear to compete or interfere, with the Client’s interests under this Agreement. More specifically, the Client accepts that:
• The Company may establish business, including but not limited to trading relationships, with other issuers of financial instruments and the Company may have financial interest in such instruments.
3. We may pass on Clients’ Money to a third party (e.g. a bank, a market maker or liquidity provider, merchant, e- wallet, intermediate broker, OTC counterparty or clearing house) to hold or control in order to effect a Transaction through or with that person or to satisfy your obligation to provide collateral (e.g. initial Margin requirement) in respect of a Transaction.
6. Met Tech Global Ltd. offers its Clients “negative balance protection”. This means that traders cannot lose more than the overall size of their investment.
PROHIBITED TRADING
1. Generally speaking, the Company allows all types of trading methods and styles. The Company does reserve the right, however, to close, suspend or recoup any closed profit and loss from an Account it deems is engaging in unethical or questionable trading styles including, but not limited to, latency arbitrage, market manipulation, collusion, the act of “flooding” of our servers with an excessive amount of pending orders, excessive logins, “picking” and “sniping”, over-leveraging or the use of certain automated trading systems or Expert Advisors, without notice.
https://metfx.com/trading-accounts/
3. SPEED OF EXECUTION:
The Client acknowledges that the transactions entered into with the Company in Foreign Exchange and Financial
Contracts for Difference are undertaken through the Electronic Trading Platform of the Company. The Orders will
be executed on an ‘over the counter‘ basis rather than on a regulated market or a Multilateral Trading Facility. Such
Orders are automatically routed to an Execution Venue which the company has assessed to be the best execution.
10. Scalping: A trading strategy through which the trader (Scalper/Pip Hunter) attempts to take advantage of small price moves and narrow ranges by making many transactions on small price changes over a small time frame. In the event that Met Tech Global Ltd. classifies a client as a scalper or a pip hunter - which the company does not currently allow, the company may, at its sole discretion, and without a prior written notice, take one of the following actions:
• Terminate this Agreement;
• Close out all or any of the Client's open positions at current market prices;
...
10. Scalping: A trading strategy through which the trader (Scalper/Pip Hunter) attempts to take advantage of small price moves and narrow ranges by making many transactions on small price changes over a small time frame. In the event that Met Tech Global Ltd. classifies a client as a scalper or a pip hunter - which the company does not currently allow, the company may, at its sole discretion, and without a prior written notice, take one of the following actions:
• Terminate this Agreement;
• Close out all or any of the Client's open positions at current market prices;
...
https://metfx.com/wp-content/uploads/2022/09/Terms-and-Conditions.pdf
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