Metadoro Review

Category: Reviews | Author: Trading Brokers | Date: October 16, 2023

Introducing Metadoro, an online brokerage firm specializing in a diverse range of financial instruments, including forex, stocks, commodities, indices, ETFs, and cryptocurrencies. With claims of regulation by the Financial Services Commission (FSC) of Mauritius, Metadoro aims to establish a secure and transparent trading environment for its clientele. The platform also prides itself on offering advanced trading platforms like MetaTrader 4 and MetaTrader 5, in addition to a wealth of educational resources, market analysis, and customer support. In the following sections, we will delve into various facets of Metadoro, including its regulatory status, available trading tools, educational offerings, market coverage, account options, and funding methods.

Pros & Cons

  • Offers MetaTrader 4 and MetaTrader 5 platforms
  • Provides educational resources and coaching
  • Allows trading and investing in various instruments
  • Offers a Welcome Account with 100 USD
  • Blacklisted by the NSSMC of Ukraine
  • Does not disclose its fee structure or license number
  • Has mixed or negative reviews from customers
  • Does not offer market analysis or news

Summary 

Metadoro Review

Metadoro Review

Metadoro is an online brokerage offering a wide array of trading and investment services, covering forex, stocks, commodities, indices, ETFs, and cryptocurrencies. The company asserts regulatory oversight from the Financial Services Commission (FSC) of Mauritius, with a commitment to fostering a secure and transparent trading environment. Metadoro takes pride in its advanced trading platforms, notably MetaTrader 4 and MetaTrader 5, alongside educational resources, market analysis, and responsive customer support. The brokerage’s mission centers around simplifying the financial markets, catering to users of varying experience levels, and tailoring services to individual financial goals. New clients are also extended a Welcome Account, providing them with a risk-free opportunity to explore the broker’s services for seven days without requiring an initial deposit. In essence, Metadoro strives to deliver accessible, transparent, cost-effective, and dependable investment opportunities for a diverse clientele.

AvaTrade Logo

Our #1 Broker 2023

AvaTrade is an award-winning and multi-regulated broker offering a great selection of trading instruments including Forex, Cryptos, Stocks and Commodities. You can trade on all of your devices via user-friendly platforms with excellent trading conditions and no commission fees.

Between 74-89% of retail investor accounts lose money when trading CFDs with this provider.

Regulation

Metadoro is a forex broker registered in Mauritius, providing access to a wide range of financial markets such as Shares, Indices, Precious Metals, Energies, Cryptocurrencies, Forex, ETFs, and Bonds. The trading name of Metadoro is RHC Investments, a Mauritius-registered financial company. However, it’s important to note that Metadoro is not authorized or regulated by any recognized regulatory authority.

The company behind Metadoro, RHC Investments, is licensed in Mauritius by The Financial Services Commission of Mauritius. However, this regulator is not considered highly reputable, as it only requires a broker to maintain a minimum capital of between €25,000 and €250,000 depending on the type of license. Metadoro holds a full license, which means they have proved that they have a capital of €250,000, nothing more.

Furthermore, Metadoro has been blacklisted by the Ukrainian regulator NSSMC. This raises concerns about the safety of funds and the overall legitimacy of the broker. In terms of trading conditions, Metadoro offers a maximum trading leverage of up to 1:1000. However, the broker does not provide clear information about the minimum deposit required to open a real account. It also does not disclose the specific payment methods it supports.

While Metadoro does offer a range of trading assets and platforms, the lack of clear regulatory oversight and the warning from the Ukrainian regulator make it a risky choice for traders. It’s always advisable to choose a broker that is regulated by a reputable authority to ensure the safety of your funds and fair trading conditions. If you are seeking alternative options with a different regulatory landscape, exploring a list of regulated brokers might be a prudent choice.

Platforms & Tools

MT4 & MT5 Platforms

MT4 & MT5 Platforms

Metadoro presents its clients with access to two of the industry’s most renowned and advanced trading platforms: MetaTrader 4 and MetaTrader 5. These platforms offer a versatile investment landscape, allowing users to engage with a diverse array of financial instruments, all accessible from various devices. The MetaTrader platforms cater to a broad spectrum of users, designed with user-friendly features for newcomers while simultaneously providing a suite of professional tools tailored to experienced traders. These tools encompass a multitude of chart types, an array of technical indicators, trading signals, and automation capabilities, among others.

Education

Metadoro offers a variety of educational resources to help both novice and experienced traders improve their trading skills and knowledge. These resources are designed to provide traders with the necessary tools and information to make informed trading decisions.

  • Metadoro Academy: The Metadoro Academy is a comprehensive educational platform that offers a variety of courses tailored to meet individual needs. The courses cover a wide range of topics, including:
    • Understanding Risk and Return
    • Investment Portfolio
    • Exchange-traded fund (ETF)
    • Types of Investments

The academy is particularly helpful for beginners as it simplifies the learning process and enables new clients to adapt quickly. For example, the Introduction to Investing course is a great starting point for those new to investing.

  • Investment Kits: In addition to the academy, Metadoro also offers Investment Kits. These are not investment portfolios, but rather kits designed to explain the essence of an investment idea in accessible language. The kits are intended to enhance your investment skills and provide you with a better understanding of the market.

Markets

Metadoro offers a wide range of financial instruments and markets for traders to explore. These include shares of various publicly traded companies, major global indices, precious metals like gold, silver, and platinum, energy markets such as crude oil and natural gas, and popular cryptocurrencies like Bitcoin, Ethereum, and Litecoin. Additionally, Metadoro provides access to the foreign exchange market for currency trading, Exchange-Traded Funds (ETFs) for diversified investments, and various government and corporate bonds for fixed-income securities.

Accounts

Metadoro offers clients a choice between two distinct account types: the Investment Account and the Trading Account, each tailored to different financial objectives.

  • Investment Account: The Investment Account caters to those looking to manage diversified portfolios of stocks, ETFs, and indices. It boasts a user-friendly interface and a straightforward setup process, making it accessible for investors seeking a hassle-free experience.
  • Trading Account: On the other hand, the Trading Account targets traders interested in Contracts for Difference (CFDs) across a wide spectrum of financial instruments, including forex, stocks, commodities, indices, ETFs, and cryptocurrencies. This account offers leverage of up to 1:500, providing traders with increased flexibility, alongside the assurance of negative balance protection.

Additionally, Metadoro extends a “Welcome Account” option, granting new clients an initial sum of 100 USD to explore its services for a period of 7 days, all without requiring an initial deposit. However, it’s essential to note that withdrawing profits from this account necessitates subscribing to the broker’s Instagram account, opening a real trading account, and depositing a minimum of 20 USD.

While Metadoro does not impose any account opening or maintenance fees, it’s important to be aware that other fees may apply, such as spreads, commissions, swaps, or withdrawal charges. Unfortunately, the specific details of these fees are not disclosed on Metadoro’s website, which can pose challenges when comparing costs with other brokers. To make well-informed decisions, we recommend thoroughly reviewing the fees and charges associated with Metadoro before proceeding with the account opening process.

Funding

Metadoro offers clients a variety of convenient options to fund and withdraw from their accounts, including credit/debit cards, bank transfers, e-wallets, and cryptocurrencies. The brokerage asserts a commitment to swift processing, aiming to complete all deposits and withdrawals within a 24-hour timeframe. Notably, Metadoro claims to impose no fees for these financial transactions. However, there are some noteworthy considerations. Metadoro does not specify minimum or maximum limits for deposits or withdrawals, leaving users uncertain about the boundaries of their financial activities. Additionally, the platform lacks transparency regarding currency conversion rates and the specific payment providers it employs, making it challenging for users to assess the full cost implications of their transactions. Furthermore, there have been customer reports citing concerns about the reliability, speed, and legitimacy of Metadoro’s funding and withdrawal methods. Given these factors, it is prudent to thoroughly review the terms and conditions associated with Metadoro’s funding and withdrawal procedures before engaging with them to ensure a clear understanding of the processes and potential risks involved.

Conclusion

In conclusion, Metadoro presents a range of features and services for traders and investors, including diverse financial instruments, user-friendly interfaces, and multiple account types. However, concerns about regulatory transparency, fee disclosure, and the reliability of certain services warrant a cautious approach. As such, it’s worth noting that while Metadoro offers strong features, there are other brokers with longer track records that might be worth considering as alternative options. Careful research and due diligence are recommended before deciding to engage with Metadoro or any other brokerage. For additional choices, we encourage you to explore our trading broker reviews.

Metadoro Logo

$20

Metadoro is a forex broker registered in Mauritius, offering access to various financial markets such as Shares, Indices, Precious Metals, Energies, Cryptocurrencies, Forex, ETFs, and Bonds. However, it lacks clear regulatory oversight and has been blacklisted by the Ukrainian regulator NSSMC.

Between 74-89% of retail investor accounts lose money when trading CFDs with this provider.


About the Author

trading brokers logo

Trading Brokers
Trading Brokers is dedicated to bringing you unbiased broker reviews, the latest broker news and trading guides to help you along your trading journey. We have over 20 years of experience when it comes to trading online so we know what to look for.


Review Methodology

For all of our broker reviews, we research, validate, analyse and compare what we deem to be the most important factors to consider when choosing a broker. This includes pros, cons and an overall rating based on our findings. We aim to help you find the best broker according to your own needs. You can read more about our review process.