Meta Advance option (MATO) has been flagged by Ontario Securities Commission for "Unregistered/Unlicensed entity offering financial products or services". Meta Advance option (MATO) aka Metaadvanceoption found at www.metaadvanceopt.com is not registered in Ontario to engage in the business of trading in securities. This company appears in our regulatory warnings database. Always verify with official regulatory sources before investing or doing business with this firm.
Tried to withdraw my funds from Meta Advance option (MATO) and was told I needed to pay a "withdrawal tax" of 20%. This is a red flag. No legitimate broker charges withdrawal taxes. When I refused, they became aggressive and eventually stopped all communication. My entire investment is gone.
Cons: Lost entire investment|Reported to authorities|Unresponsive
Meta Advance option (MATO) advertises low fees but once you dig into the fine print, there are numerous charges that add up quickly. Inactivity fees, withdrawal fees, currency conversion fees - it all eats into your returns. I wish I had read the terms more carefully.
Pros: Good analytical tools|Reliable uptime
Cons: No integrated tax optimization|Limited social trading features
Do not use Meta Advance option (MATO) for anything serious. I used them for the past six months for small trades and it was okay. When I deposited a larger amount and traded more, my account was flagged, my withdrawals were delayed, and I was asked to explain my trading. They treat active traders like criminals.
Pros: Personal attention|API access|Copy trading available|Real-time alerts
Cons: No live chat on mobile|Minimum deposit could be lower
I referred a friend to Meta Advance option (MATO) after seeing their ad online. We both deposited. The referral bonus never arrived. Support said we did not meet the terms. When we asked which terms they pointed to a clause that was added after we signed up. Shady.
Pros: Portfolio tracking tools|Two-factor authentication
Cons: Limited social trading features
After spending for over three years trying to make Meta Advance option (MATO) work for me, I have given up. The platform has too many limitations, the fees are not competitive, and the quality of their market data is questionable. There are much better options available.
Pros: Easy to use platform|Market news feed|Transparent fees
Cons: Email notifications too frequent
Meta Advance option (MATO) changed their fee structure with one month notice. What was a flat fee became a percentage. For my account size it meant a huge increase. When I objected they said I could leave. So I am leaving and writing this review.
Pros: Helpful community forum|Reliable uptime
Cons: Inactivity fee applies after 12 months|No integrated tax optimization
I want to warn everyone about Meta Advance option (MATO). They have been flagged by Ontario Securities Commission as an unauthorized entity. I wish I had checked before investing. They use high-pressure sales tactics and fake testimonials. Once you send money, getting it back is nearly impossible.
Pros: Initially responsive customer service
Cons: Withdrawal fees demanded|Communication cut off|Not authorized
After since I opened my account last year with Meta Advance option (MATO), I can only describe the experience as death by a thousand cuts. No single issue was catastrophic, but the constant stream of small problems, slow responses, and missing features wore me down until I finally left.
Pros: Regular platform improvements|Easy to use platform|Competitive fees|API access
Cons: No live chat on mobile|Mobile app could be improved
For anyone considering Meta Advance option (MATO), please be aware that this company has been flagged by Ontario Securities Commission. This does not necessarily mean they are a scam, but it does mean they may not be authorized to operate in certain jurisdictions. I strongly recommend checking the official regulator website before making any investment decisions.
Cons: Flagged by international regulators|Due diligence required
The platform at Meta Advance option (MATO) is riddled with bugs. Charts display incorrect data, order confirmations sometimes fail silently, and the portfolio tracker disagrees with actual positions. After for over three years of dealing with this, I have had enough.
Pros: Automated trading options|Economic calendar|Regular platform improvements|High security standards
Cons: Desktop app not available on Linux|Charting tools need more indicators