METAGOLD Spreads, leverage, minimum deposit Revealed

WikiFX | 2024-11-08 16:01

Abstract：Forex, commodities, and cryptocurrency are just a few of the financial products that MetaGold, a Georgia-based brokerage that opened for business in 2022, makes available to its clients. The unregulated MetaGold platform offers multiple account kinds with leverage levels up to 1:600.

MetaGold Review Summary
Founded	2022
Registered Country/Region	Georgia
Regulation	Unregulated
Market Instruments	Forex, Commodities, Crypto, CFD, Indexes, Stock
Demo Account	✅
Leverage	Up to 1:600
Spread	Tight spreads (Starting from 0.0 on select accounts)
Trading Platform	Web Terminal, MetaTrader 5 (MT5)
Min Deposit	$100
Customer Support	Online chat
	WhatsApp: +995514610066, +4915510660815
	Telegram: +995514610066
	Email: support@fxmetagold.com
	Office Address: Flat 3, N 11, Victor Naneishvili St., Isani District, Tbilisi, Georgia

MetaGold Information

　　Forex, commodities, and cryptocurrency are just a few of the financial products that MetaGold, a Georgia-based brokerage that opened for business in 2022, makes available to its clients. The unregulated MetaGold platform offers multiple account kinds with leverage levels up to 1:600.

Pros and Cons

Pros	Cons
Offers various account types	Unregulated
High leverage options
Low spreads and fees

Is MetaGold Legit?

　　Since MetaGold is not a regulated organisation, it runs under licence from no one acknowledged financial regulating body in Georgia, where it is registered.

　　Found registered on February 20, 2023, Fxmetagold.com expires February 20, 2025. Updated last on March 17, 2024, it is “clientTransferProhibited” to stop illegal transfers.

What Can I Trade on MetaGold?

　　MetaGold provides access to roughly 360 trading symbols, which consists of coins pairs, metals, digital currencies.

Tradable Instruments	Supported
Forex	✔
Commodities	✔
Crypto	✔
CFD	✔
Indexes	✔
Stock	✔
ETF	❌

Account Types

　　Standard, Islamic (Swap-Free), VIP, ECN, Pro, Gold, Zero, Fix, and two region-specific accounts (AFG and Special) for Afghan traders MetaGold provides a varied array of account kinds to suit different trading demands. Each account contains tight spreads and the minimum deposits fall from $100 to $10,000 with leverage choices up to 1:600.

　　Account-based variations in features such commission fees, swap charges, and welcome bonuses give beginners, intermediate, and advanced traders who value either cost efficiency, religious conformity, or market execution style choice.

Leverage

　　With maximum leverage up to 1:600 accessible on several of its account types, MetaGold offers different leverage choices. Higher leverage lets traders boost their market exposure with less initial outlay, hence possibly magnifying wins and losses.

MetaGold Fees

　　Particularly on some accounts seeking narrow spreads and low or zero charges, MetaGold's fees are lower than industry norms.

Account Type	Spread	Commission per Lot	Swap Fees
Standard	Tight	$0	Yes
Islamic	Tight	$4	No
VIP	Tight	$0	No
ECN	Tight	$0	No
Gold	Tight	$2	No
Zero	Tight	$20	Yes
FIX	Tight	$15	Yes

Trading Platform

Trading Platform	Supported	Available Devices	Suitable for what kind of traders
Web Terminal	✔	Desktop, Mobile, Web Browser	Beginners, Intermediate
MetaTrader 5 (MT5)	✔	Desktop, Mobile, Web	Beginners, Intermediate, Advanced

Deposit and Withdrawal

　　The MetaGold deposit and withdrawal fees are free, making transactions cost-effective for dealers. Starting deposits on MetaGold vary by account type, but the lowest is $100.

Payment Method	Supported Currencies	Fees	Processing Time
Cryptocurrency	BTC, ETH, and other digital currencies	Free	Up to 1 business day
Perfect Money	USD, EUR	Free	Instant
Visa Card	Multiple currencies including USD, EUR	Free	1-2 business days
Mastercard	Multiple currencies including USD, EUR	Free	1-2 business days
Local Payment Gateways (IRR, AFN, AMD, AED, etc.)	IRR, AFN, AMD, AED, GEL, KWD, OMR, PKR, RUB, THB, TRY, VND, EGP, IQD	Free	Up to 1 business day