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Metrictradingfx Review: Metrictradingfx.com a Fraudulent Firm

Metrictradingfx Review: Metrictradingfx.com a Fraudulent Firm

Metrictradingfx is a company that is using false information to attract more audiences. The broker claims it’s fully regulated, but they have many red flags which make financial bodies blacklist them. We recommend running a background check on the entity you intend to invest with.

Metrictradingfx Review, Metrictradingfx Company

The offshore scheme brags it has excellent trading conditions. They also claim to have over 7 years of experience in the market. If you check on whois.com, you will realize the platform was established in January 2021. The domain name is expected to expire in the year 2023. The information of the registrar is missing. 

We fail to understand why an organization fakes its history while anybody can quickly check when a company was founded. Metrictradingfx does not disclose the professionals behind the website. We cannot guarantee your money is in safe hands. Avoid anonymous entities, as the majority of them end up being fraudulent. 

There are numerous transparent and genuine crypto investment ventures in the market. These are ideal companies with years of experience. They work with experts and highlight their trading conditions to the public. The withdrawal process is also fast. 

Metrictradingfx.com Review

Metrictradingfx is offering an educational program to investors. They provide webinars, videos, ebooks, and professional tools. Their customers can also learn from financial experts. Unfortunately, we did not have the liberty to check the materials. Therefore, we cannot guarantee the materials are there and that you will attain quality information.

Some scammers end up not providing what they promise. The firm also states it has over 100 tradable assets. It is essential to diversify your risk by trading in multiple assets. One of the reasons the broker endorses itself is because they segregate money. According to the entity, they are working with reputable financial institutions to segregate investors’ accounts.

Unfortunately, Metrictradingfx does not disclose the financial institution they have partnered with. Investors will therefore not receive negative balance protection. They could end up losing more money than what they initially deposited. The withdrawal process could also be impossible on this website. 

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The platform is allegedly using innovative technology to generate passive income. The platform is built, and you can tell the people behind the entity lack sufficient funds to design a professional website. How would they be able to yield high income for their clients? The strategy and methodology being applied are not mentioned.

Trading Conditions of Metrictradingfx

Metrictradingfx, unlike legitimate brokers, has multiple trading accounts categorized in the weekly and monthly payout. The platform has five weekly account types and eight monthly plans. There are also various deposit bonuses which vary depending on the account you choose. Spread ranges from 1.9 to 1.2 pips. Anything above 1.5 is not lucrative, and customers will have to pay more money to open trade. 

The entity allegedly sent daily signals to investors and designed financial plans. The entity trades forex, futures, and indexes. Investors get leverage of  1:100. Once you register an account, you must verify it by providing government-issued documents to activate it. Never share your ID and proof of address with offshore entities. 

They can sell the data to criminals. The scammers can also use the information to manipulate you into depositing more cash. Instead of disclosing how they intend to attain financial freedom for their clients, the suspicious platform has generic information regarding forex trading. 

Metrictradingfx is allegedly offering the MT5 software. Unfortunately, there is no download link to access the interface. We can see trading charts with current prices on various cryptocurrencies. You cannot trade using this company as they do not have a trading platform period the only thing they will be doing is manipulating prices.

Metrictradingfx.com Withdrawal and Deposits 

The broker is accepting a minimum deposit of $500. The entity accepts funds via Skrill, Bank transfer, QiWi, Credit cards, Neteller, Western Union, Yandex Money, and MoneyGram. However, the only method you can use is crypto payment.

Digital currency payment is swift and convenient compared to traditional forms of payment. Nonetheless, investors should only deposit money via crypto with companies they trust. Once you make a transaction, you cannot reserve the payment. It is also impossible to know the recipient of funds.

Investors can expect fees and commission from Metrictradingfx. Unfortunately, the scheme fails to specify the amount. The company is a suspicious scheme. They can inflict hefty fees to retain the money in their system. 

Customer Support and Contact Details

Metrictradingfx provides a fake office address indicating operating from the United States of America. Scammers tend to use false information to win investors’ trust and appear transparent. They have a phone number and an email address that clients can use to reach them.

The only time con artists will be responsive is when they need more cash from their victims. Afterward, they will ignore all the messages you send the Way regarding the whereabouts of your money. They go the extra mile by blacklisting the phone number of their customers. Eventually, they will deactivate their telephone.

It is only legit investment schemes that have the best interest of their customers. They will respond in time and treat their clients ethically. Some even engage with their customers on social media platforms, updating them on emerging issues.

Regulatory Status of Metrictradingfx

Metrictradingfx invents a fictitious regulatory agency. The US Financial Services Authority allegedly licenses the venture. The regulatory body that oversees the broker’s operation in the USA is the National Future Association (NFA) and the Commodities Future Trading Commission (CFTC). A venture cannot conduct its business without depositing a capital of $20 million.

The money is segregated in a separate account. It proves a platform can withstand volatility. Even if they face bankruptcy, users will receive compensation. It is essential to deal with a licensing scheme to avoid losing money. 

Metrictradingfx.com Review, Metrictradingfx.com Features

Additionally, it appears Metrictradingfx does not have trading software. It is no wonder the scheme is not reporting its daily transactional report. What would they account for when they are not trading? You can bet the entity will be cooking figures to remain relevant. 

Safety of funds is not guaranteed on this website. Investors could lose more money, considering there is no negative account balance protection. It will be impossible to recover the lost amount. Furthermore, the individuals behind the broker are anonymous. Even if they violate the terms and conditions, there is not much the authority can do.

Final Verdict 

Metrictradingfx is an offshore investment platform that falsely claims to be based in a reputable region. The brokers’ trading conditions are not ideal, and it is impossible to withdraw as they do not disclose enough information regarding the process. Additionally, this is a recently established platform that lacks a trading history. There’s no evidence that anyone has earned from this entity. 

Invest wisely by trading with reputable cryptocurrency ventures that have years of experience. You can also read their customers’ reviews to understand what to expect. They operate transparently by observing the law and putting their client’s needs first. Additionally, the companies are also working with professionals who are willing to help whenever clients face challenges.

No, the scheme exposes traders to severe risks.

Unfortunately, this is an illegal scheme

Can Investor earn the advertised returns?

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