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.
I joined MetaTradeX (metatradex.net) after my brother mentioned them and from the start, things felt off. The signup process collected far more personal information than necessary, the verification took unreasonably long, and when I finally got access, the platform was nothing like what was advertised.
Pros: Quick verification|Market news feed
Cons: No dark mode on mobile
Their execution during news is terrible. I had limit orders in place. When the news hit, my orders were not filled at the limit price - they were filled much worse. MetaTradeX (metatradex.net) said it was market conditions. Same news, another broker filled me properly. They are not honest.
Pros: Transparent fees|Customizable dashboard|Detailed reporting
Cons: Minor UI glitches occasionally|Mobile app could be improved