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Here’s our candid Metafinanx.com review. We will expose all the red flags found in our clear Metafinanx review. Those who have invested with the broker are crying foul after failing to withdraw funds.
The broker is openly blocking withdrawals from members. After sending several emails, the broker blocked our email. That’s the fate members are facing after sending withdrawal requests via email.
What makes Metafinanx.com a scam? Why is the broker not fulfilling their duty to offer fair trading conditions? That’s what you will find out in our Meta Finanx Review.
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As soon as we landed on the homepage, it became clear that Metafinanx.com was a clone. The website shares the same design as that of icglobalmarket.com. There are only a few changes here and there, but the aesthetics are the same.
The platform claims to have over $7 million in total deposits and above 200K members. But unfortunately, all these are false claims, as only a handful of investors signed up. And those that did are now ruing the decision thanks to withdrawal issues.
We see a broker boasting of offering total payment amounts of over $3 million. All these are false claims as the broker fails to provide meaningful terms. Once you deposit funds, forget of ever withdrawing them.
The broker also claims to have had over 3,000 days online. Domain records tell a different story. The broker also promises insane profit margins, but that will not happen. No expert or robot can manage to hit these guaranteed targets.
Once you sign up, you immediately get a deposit pop-up message. You don’t even get the chance to see the member dashboard. It’s after depositing funds do members get access to the member dashboard. And it’s not all that fancy.
You would expect the broker to offer a much more convenient member dashboard. Instead, you get a terrible dashboard similar to a demo account. There are no menus to look at or information on how the investment works.
The about us section’s information is an exact copy of that on Icglobalmarket.com. And that makes us think the two are related. These are crypto and forex investment scams targeting naïve investors.
From there, we can see the broker failing to offer reliable trading services. Members must rely on the broker to place trades or invest on their behalf. Don’t expect MT4 or MT5 trading terminals on the platform.
Metafinanx.com offers the same number of plans as icglobalmarket.com. You can choose between four plans, each promising a guaranteed profit margin. The four include Basic, Silver, Advanced, and VIP.
Let’s take a closer look at each of these plans;
Basic
As the name suggests, it’s the account best suited for novice investors and traders. You must deposit a minimum of $20 to a maximum of $2,000. The account guarantees 10 percent ROI after a vesting period of 10 days.
Silver
Members of the silver account deposit a minimum of $500 to a maximum of $10,000. There’s a guaranteed 30 percent ROI after vesting for ten days. Your initial deposit amount gets included in the overall profit.
Advanced
The profit margin is higher, as members get a promise of making 75 percent ROI. You must vest for two weeks (14 days), with the minimum allowed deposit being $5,000. The maximum you can deposit with this account is $50,000.
VIP
It’s the most exclusive plan with the broker targeting institutional investors. You get a promise of making 200 percent in under 30 days. The minimum deposit is $20,000, with members getting an investment of $200,000.
None of these accounts offer realistic profit margins. The vesting time is way too short of achieving such high margins. With volatility in the crypto market, we see a broker taking investors for a ride.
Such investments also don’t tell users how the broker intends to see these through. Any investment offers clients the ways through which your investment works. This platform remains hidden.
Does the broker invest in crypto or real estate? These are the questions we don’t have answers to. If the broker uses proprietary software, they should indicate it to members. Instead, we are all left wondering what money does.
There’s a three-level affiliate commission promising members a huge profit margin. As an affiliate, the broker promises a 4 percent commission on the first referral. The other two levels come with a 2 percent commission amount.
Before jumping in and partnering with the store, there are a few issues to note. First, the broker fails to offer much in terms of reality. As an affiliate, the broker intends to take advantage of your connections.
Those who you direct to join the platform eventually become losers. You won’t get far with a platform not able to offer much in reality. Affiliates pay the heavy price as victims blame them for the debacle.
No way funds are safe with an unregulated broker. Moreover, the platform fails to offer insurance cover for deposits made by the general public. And that puts your investment at risk as there’s no safety net to protect members.
Suppose the broker goes bankrupt without any insurance cover; members won’t receive compensation. And that’s just half of what you’re missing out on. The broker fails to segregate accounts as dictated by law.
We see the owner transferring funds to a single account. This is likely a personal account with the investor doing whatever they want. That’s why you must stay away from the platform or risk losing everything.
Little information is available as to who owns or runs the platform. And that’s expected from a scam broker. So it would be best to avoid brokers who don’t share their full profiles and support information.
How does the broker expect us to take them seriously with our funds? You should also know who is to hold responsible when things fall apart. That’s how you know you are dealing with a risky trading platform, anonymity.
Please stay away from a lowly rated broker who enjoys no backing from the community. Most independent reviews rate the broker a 1/10. And the low rating is all thanks to the discord members have with withdrawals.
The broker posts a false client testimony section to lure investors to join the platform. Unfortunately, these sections don’t offer members much in terms of reality. So you must stay away from the platform or risk losing it all.
Metafinanx.com is not a licensed or regulated trading platform. The broker tries to fool members by posting fake certificates on the homepage. These details don’t match any records on any regulator’s list.
Invest in brokers that get their license from credible regulators such as ASIC, CySEC, and the FCA.
Please stay away from Metafinanx.com or risk losing it all.
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