Meta Xchange Market has been flagged by Financial Conduct Authority for "Unregistered/Unlicensed entity offering financial products or services". This company appears in our regulatory warnings database. Always verify with official regulatory sources before investing or doing business with this firm.
After for roughly four months with Meta Xchange Market, 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: Multi-currency support|Helpful community forum|Multi-device support|Economic calendar
Cons: Mobile app could be improved|No integrated tax optimization
The hidden fees at Meta Xchange Market are the real scandal here. What they advertise and what they actually charge are two different things. By the time I realized how much I was paying in various fees and spreads, I had already lost a meaningful amount.
Pros: Stable platform|Great customer service|Fast support response
Cons: Limited social trading features
The spread at Meta Xchange Market is not what they advertise. During volatile markets it widens so much that you lose before the trade even starts. I found them after my brother mentioned them and initially thought the platform was good - until I started trading seriously.
Pros: Regular updates|Copy trading available
Cons: Inactivity fee applies after 12 months|No live chat on mobile
If you are reading this considering Meta Xchange Market - run. I wish I had read more negative reviews through a forum discussion. I thought the positive ones were real. Maybe some are. My experience over for a few weeks now has been so bad I feel obligated to warn others. Do not make my mistake.
Pros: Segregated accounts|Regular platform improvements|Risk management tools
Cons: Wish they had more educational resources
Tried to withdraw my funds from Meta Xchange Market 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: Blocked my account|No legitimate license|Fake returns
Meta Xchange Market seems more interested in acquiring new customers than taking care of existing ones. The marketing is aggressive but the product is mediocre. Once you are past the honeymoon period, the cracks in their service become very apparent.
Pros: Comprehensive tools|Easy to use platform|Social trading features
Cons: Desktop app not available on Linux
Do not believe the bonus offer from Meta Xchange Market. The turnover requirement is designed so you can never withdraw. I learned the hard way. I deposited through word of mouth in my investment club and the bonus terms were buried in pages of small print. My fault for not reading but their design is predatory.
Pros: Demo account available|Fast support response|Clear documentation|Transparent fees
Cons: Limited ETF selection|No phone support on weekends
I found this company through a friend who recommended it. Before investing, I checked various regulatory databases and found that Meta Xchange Market has been flagged as an unauthorized entity. I informed my friend immediately. Please always verify with official sources - a quick search could save you thousands.
Pros: Website looks legitimate on the surface
Cons: Flagged by Financial Conduct Authority|Cannot verify credentials
My withdrawal request from Meta Xchange Market has been pending for over two weeks now. Every time I contact support, I get the same copy-paste response about processing times. This is unacceptable for a financial platform in this day and age.
Pros: Intuitive for beginners|Personal attention
Cons: No dark mode on mobile
Meta Xchange Market locked my account without warning and demanded documents I had already submitted. since early this year later I still do not have access to my funds. Their compliance team does not respond to emails. I am considering legal action.
Pros: Detailed reporting|Reliable uptime|Good mobile app
Cons: Limited ETF selection|Nothing significant