MetaSwissX Review: The Opportunity to Become a True Trading Pro or a SCAM?

MetaSwissX - logo
Rating:
2

Imagine a broker promising you the opportunity to become a true trading pro with just the simple act of opening an account on their platform. Sounds almost too good to be true, doesn’t it? Let’s delve into the reality of what unfolds on this platform and determine whether MetaSwissX lives up to its claims or if it’s just another scam. All the details are outlined in this review.

MetaSwissX General Information

Website https://www.metaswissx.org/Home
Phone Number
Email support@metaswissx.org
Address 12 Leadenhall St London EC3V 1LP UK
License
Minimum Deposit €250
Assets CFDs
Leverage Up to 1:500
Trading Platform WebTrader

Registration and Client Portal Review

MetaSwissX seems to have taken the approach of not bothering to create a unique website. The company opted for a template, and while it may look decent and boasts a visually pleasing color scheme, the positives end there. Information about the company is scarce. Trading conditions are superficially outlined, and legal details require a thorough search. The first page is overloaded with self-promotion and flair. Well, what did we really expect from a typical template, right? Perhaps a witty remark on this topic could lighten the mood. Additionally, it’s worth noting that the broker has only provided the website in English, neglecting any other language options.

MetaSwissX - website

The registration process on the MetaSwissX website is incredibly simple. Essentially, you only need to fill out a small form, providing your contact details along with your name and surname. Voila – you gain access to the client portal. No additional procedures are required, such as entering codes for email or phone verification; the broker simply doesn’t bother sending them. In other words, it grants access to the personal account with just a password. However, this simplicity raises concerns about the platform’s security.

Registration

Once inside the MetaSwissX client portal, the experience takes a nosedive into mediocrity. The platform is a lackluster offering, marked by a stark absence of essential features that one would anticipate from a reputable broker.

Critical information that traders typically seek is conspicuously absent. It’s as if the client portal is deliberately designed to keep users in the dark regarding crucial aspects of their trading activities.

MetaSwissX - Client Portal

MetaSwissX Trading Conditions

As you may recall, MetaSwissX boasted about being the exclusive platform where you could transform into a professional trader. Let’s examine whether this claim holds true or if the reality is far from promising.

Account Types Review

MetaSwissX offers a total of six account types, each with its own set of conditions. The minimum deposit required is 250 euros. Moving up the Silver account demands a substantial increase to 10,000 euros, while the Gold account escalates further to a minimum deposit of 20,000 euros. Notably, we observed that the higher the account status, the more favorable the conditions seem. For instance, the Basic account features a meager leverage of 1:5, while the Diamond account boasts a leverage of 1:500. Surprisingly, not all accounts grant access to all timeframes. Basic accounts, for example, are limited to intraday trades, whereas higher-tier accounts offer more extended trading opportunities. Quite intriguing, isn’t it?

Also, MetaSwissX entices traders with staggering bonuses, even offering 50% in the Basic account and potentially up to 150% in others. Additionally, there are peculiar limitations on education. Beginners seemingly receive minimal training, while premium account holders are promised insights into even fundamental analysis. In essence, MetaSwissX adopts a straightforward approach – the more money in your account, the more diverse services they offer. Oh, and do note the absence of normal contract specifications, such as spreads, which are curiously omitted from the platform.

Trading Platform

MetaSwissX’s trading platform leaves much to be desired, constituting a rather unfortunate web terminal that lacks both a desktop and mobile application. The absence of a dedicated desktop or mobile app is a glaring drawback. Traders accustomed to the convenience of a standalone application will find themselves grappling with the limitations imposed by relying solely on a web-based terminal.

Navigating the platform reveals a stark scarcity of indicators, a critical deficiency for traders who rely on technical analysis.

Crucial features that are considered standard in more robust platforms are notably absent. From advanced charting tools to essential risk management features, MetaSwissX’s platform falls short in providing a comprehensive toolkit for traders.

MetaSwissX — Deposit and Withdrawal of Funds

Within the client portal, MetaSwissX indicates that account funding can be facilitated through credit and debit cards, bank transfers, the CashU system, and various other payment systems. However, for withdrawals, the unexpected inclusion of cryptocurrency options is noteworthy. Unfortunately, the portal fails to provide precise details regarding withdrawal commissions and processing times.

Verification

The verification process on the broker’s website follows a fairly standard procedure.

  • Once the initial registration is complete, the next step is to submit the required identification documents. This commonly includes a government-issued photo ID (such as a passport or driver’s license) and proof of address (like a utility bill or bank statement).
  • The submitted documents undergo a thorough review to verify the user’s identity.
  • In addition to confirming identity, the platform may require users to provide additional documentation to verify their residential address.

The verification process is followed by a processing period during which the submitted documents are reviewed by the broker’s compliance team. The duration of this step may vary, but users are usually notified once their verification is complete.

Additional Options

MetaSwissX proudly showcases a range of supplementary services, prominently featuring bonuses among them. However, it is crucial to note that bonuses are restricted or outright prohibited by most reputable regulators. Moreover, the ease of withdrawal for these bonuses is questionable, often requiring users to fulfill certain conditions before accessing their bonus funds.

The MetaSwissX platform also offers training in technical and fundamental analysis, yet the identity of the educators remains shrouded in mystery. The absence of any information about the team, their qualifications, or professional achievements raises doubts about the credibility of these educational services. It remains unclear whether those providing the training possess the expertise required to impart valuable knowledge or if these sessions are led by individuals with questionable skills and qualifications. MetaSwissX’s failure to disclose such fundamental details about their team only adds to the overall opacity and uncertainty surrounding their operations.

Is MetaSwissX a Scam?

The broker offers fairly typical trading conditions, lacking any standout features that distinguish it from the standard offerings in the market. Let’s now delve deeper to determine if there are any unique aspects within its legality.

Our concerns about the limited disclosure of legal information by MetaSwissX have proven to be valid. The lack of transparency raises significant issues as crucial details about the managing firm, registration specifics, and the existence of a license remain undisclosed. This level of opacity directly contravenes information disclosure regulations.

Specifically, the company fails to provide the name of its managing firm, its registration location, or any evidence of possessing a license. The only identifiable information is an address in Britain. To address this uncertainty, we checked the British registry for any mentions of MetaSwissX. Unsurprisingly, no records of a company by that name were found in the registry. This lack of official registration implies an absence of the necessary license for providing brokerage services.

Legal data check

Metaswissx.org Domain Info

MetaSwissX raises serious doubts about its credibility, particularly regarding its claimed duration of operation. Upon investigating the domain registration date, we discovered that the website’s domain was registered as recently as October 7, 2023. It is self-evident that such a brief period of existence is ludicrous, casting significant skepticism on its legitimacy. This timeframe strongly suggests that MetaSwissX is not an established broker but rather a fledgling entity that has been in existence for only a few weeks.

Domain info

Contacts Review

The provided contact details on the platform are notably sparse. While an email address is listed along with an office address, the accuracy of the latter is questionable. Our investigation found no evidence of any brokers or financial entities named MetaSwissX at the specified office location. Therefore, we strongly advise against visiting the indicated address, especially considering the lack of verifiable information and potential risks associated with unverified locations.

Pros and Cons

  • Low entry requirement.
  • Lack of transparency.
  • Absence of license.
  • Dubious identity.
  • Limited educational resources.
  • Unsubstantiated duration.

 

2.7 TOTAL SCORE

MetaSwissX Summary

MetaSwissX - favi

MetaSwissX is identified as a scam a fake, anonymous broker operating without a license. We strongly advise against opening an account with this platform, as the likelihood of recovering your funds is doubtful. Exercise caution to avoid potential financial losses.


Website information content 3
Client Portal 3
Trading conditions 3
Trading platform 3
Deposit and withdrawal 4
Verification 4
Extra options 3
Licenses and guarantees 1
Work duration 1
Feedback 2

Frequently Asked Questions (FAQ)

What Does MetaSwisX Offer?

MetaSwissX purportedly offers trading services, but its lack of transparency raises concerns about the legitimacy of its offerings.

How Much Money Should I Invest With MetaSwisX?

According to the trading conditions, the minimum deposit required is 250 euros. However, we recommend verifying and exercising caution due to the platform’s questionable nature.

Is MetaSwisX Safe?

No, MetaSwissX is not a safe broker. It operates as a typical anonymous website pretending to be a broker, potentially posing risks to your funds.

Subhash Mishra
Forex & CFD Trader

Subhash is a Bengali who has been trading for 16 years. You will find the most objective reviews of Forex and CFD brokers in his articles.

Subhash is a Bengali who has been trading for 16 years. You will find the most objective reviews of Forex and CFD brokers in his articles.

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Client Reviews

  1. Debbie Curry

    A closer look

    After three years of Forex trading, I’ve become skeptical of premium promises and superior services. MetaSwissX may present itself elegantly, but, in reality, it fails to offer anything exceptional. The platform provides the same EasyTechnologies terminal, now considered a classic among scammers. The asset list is typical, featuring major and minor currency pairs, a handful of exotics, and numerous CFDs on stocks.
    As for spreads, let’s not dwell on promises of zero points; achieving them requires depositing several thousand dollars. Consequently, trading with spreads of 2.5-3 points becomes inevitable if you lack substantial funds or wish to avoid dealing with lot commissions.
    Moreover, the managers seem keen on enticing users into significant financial commitments. Without a license, engaging with this company is strongly discouraged. Who else is still buying into promises of premium conditions and better service? Not me. I won’t believe it until I verify it.

    Reply