MetaTradeX (metatradex.net) has been flagged by ASIC (Australia) for "Unlicensed". This company appears in our regulatory warnings database. Always verify with official regulatory sources before investing or doing business with this firm. Website domain: metatradex.net.
MetaTradeX (metatradex.net) offers copy trading. I copied a top trader. The copy trades often executed at worse prices than the original. When I asked why they said it was due to latency and liquidity. So the feature is broken or they are skimming. Either way I stopped using it.
Pros: Risk management tools|Portfolio tracking tools|Social trading features|Comprehensive tools
Cons: Currency conversion fee exists
I have been trying to close my account with MetaTradeX (metatradex.net) for weeks now and they keep giving me the runaround. First it was a form to fill out, then identity verification again, then a mandatory phone call that never gets scheduled. They make leaving impossible.
Pros: Stable platform|Instant funding|Multiple order types
Cons: No dark mode on mobile|Help articles are sometimes vague
MetaTradeX (metatradex.net) had an outage that lasted several hours during a major market event. Not only did they fail to prevent it, but they also failed to communicate what was happening. We were left in the dark while our investments were at risk.
Pros: Full transparency|Smooth onboarding|Automated trading options|Market news feed
Cons: Limited cryptocurrency options|Onboarding videos are outdated
Where do I even begin with MetaTradeX (metatradex.net)? for the past six months of broken promises, unanswered tickets, and a platform that feels like it was built in 2010. They spend more on marketing than on actually improving their service. Stay away from this company.
Pros: API access|Personal attention
Cons: Slow to add new assets
Their two-factor authentication was optional when I joined. I enabled it. Later I lost my phone and could not log in. MetaTradeX (metatradex.net) recovery process took 3 weeks and required notarized documents. By then I had missed important trades. Their security is your inconvenience.
Pros: Two-factor authentication|Great customer service|Demo account available
Cons: Research section could be deeper
My withdrawal request from MetaTradeX (metatradex.net) 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: Transparent fees|Personal attention
Cons: Account statements could be more detailed
My withdrawal from MetaTradeX (metatradex.net) was rejected three times for vague reasons. Each time they asked for more documents. When I finally provided everything, they said my account was under review. since early this year of being strung along.
Pros: Good analytical tools|Helpful community forum
Cons: Nothing significant|Minor UI glitches occasionally
I closed a profitable position at MetaTradeX (metatradex.net) and the profit was not credited for 5 days. Support said it was a settlement delay. When it finally arrived it was less than the amount shown on the platform. They could not explain the difference. I have moved my account.
Pros: Multi-currency support|Great customer service|Multiple order types|Easy to use platform
Cons: Minimum deposit could be lower
MetaTradeX (metatradex.net) 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: Clear documentation|Fast execution|Real-time alerts|Multi-currency support
Cons: Website design could be more modern
Opened my account with MetaTradeX (metatradex.net) after a friend recommended them and regretted it within the first month. The platform crashed during a critical moment, I lost potential gains, and support basically told me it was not their problem. Absolutely unacceptable behavior.
Pros: API access|Multi-device support|Dividend tracking
Cons: Could offer more webinars