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.
Do not believe the bonus offer from Meta Advance option (MATO). The turnover requirement is designed so you can never withdraw. I learned the hard way. I deposited after a friend recommended them and the bonus terms were buried in pages of small print. My fault for not reading but their design is predatory.
Pros: Low minimum deposit|Tax reports included|Copy trading available
Cons: Limited ETF selection
Several red flags with Meta Advance option (MATO): (1) They promise unrealistically high returns, (2) They're not registered with Ontario Securities Commission, (3) Their contact information is vague, (4) They pressure you to deposit quickly. I recommend everyone do thorough due diligence before investing with any company.
Cons: Flagged by Ontario Securities Commission|Cannot verify credentials
Their two-factor authentication was optional when I joined. I enabled it. Later I lost my phone and could not log in. Meta Advance option (MATO) recovery process took 3 weeks and required notarized documents. By then I had missed important trades. Their security is your inconvenience.
Pros: Social trading features|Multi-currency support|Dividend tracking
Cons: Limited ETF selection