Updated on April 1, 2024
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In our rigorous review process, a team of seasoned financial specialists, boasting more than 20 years of experience in Forex trading, carries out an exhaustive evaluation of various trading services. Our team delves deep into the investigation of fees, assesses the trading platforms, and verifies adherence to regulatory standards. We also interact directly with customer support and conduct actual trades to gain a real-world understanding of the trading conditions. This comprehensive approach enables us to provide informed insights and advice on why we recommend avoiding Meta Investing due to the issues we've identified.
Is Meta Investing Scam or Legit Broker? ▲
Questioning the legitimacy and safety of engaging with Meta Investing is crucial for any trader considering this platform. Owned by B.M.O. LTD., a company with its basis in the Marshall Islands, Meta Investing raises significant concerns. The Marshall Islands is known for its virtually nonexistent regulatory framework for forex trading. The ease and low cost of setting up shop in this jurisdiction have made it a haven for questionable forex brokers, including those like GoldmanCFD and Capital88.
Registered in: Marshall Islands
Type of License: Offshore License
Is Meta Investing safe to trade: No
Recommended Licenses: FCA in UK & ASIC in Australia
The absence of stringent regulations and oversight in the Marshall Islands is a glaring red flag. Additionally, Meta Investing has been on the receiving end of serious warnings from reputable regulatory bodies. The UK's Financial Conduct Authority (FCA) blacklisted Meta Investing in November 2018 for operating without authorization. Similarly, the Ontario Securities Commission (OSC) issued a warning against Meta Investing for engaging in securities trading without registration. These warnings are clear indicators that Meta Investing is not a reliable or safe broker for traders.
Meta Investing purports to be a leading broker in the financial market, boasting modern trading software for currency pairs and various liquid goods. Despite these claims, numerous discrepancies and concerns cast a shadow over the broker's legitimacy.
Company Claims: Largest broker, modern financial instruments
Reality Check: Unregulated, blacklisted by FCA and OSC
While Meta Investing presents itself as a certified financial broker under B.M.O. LTD., it fails to provide any assurance of regulatory compliance or safety for traders. The broker's claim of registration with the Companies House in England and Wales does not equate to authorization by the Financial Conduct Authority (FCA), the essential regulatory body for financial services in the UK. This misunderstanding or misrepresentation of regulatory status is a significant concern for potential clients.
Moreover, the concrete warnings issued by both the FCA and OSC serve as strong advisories for traders to steer clear of Meta Investing. These regulatory bodies have explicitly stated that Meta Investing is not authorized to offer the services it claims, putting traders at risk.
After a thorough examination and considering the substantial red flags associated with Meta Investing, our recommendation is unequivocal: traders should avoid Meta Investing and any other brokers based in the Marshall Islands. The lack of stringent regulations, combined with explicit warnings from reputable regulatory authorities like the FCA and OSC, underscores the risks involved in dealing with such brokers.
Meta Investing Update: It has come to our attention that Meta Investing is currently inactive, with no clear evidence of ongoing operations. This further emphasizes the volatility and unreliability of offshore-based brokers. In light of these findings, we strongly advise traders to opt for well-regulated brokers, preferably those licensed by the FCA in the UK or ASIC in Australia.
Our extensive evaluation of over 1000 brokers has led us to conclude that safety, reliability, and regulatory compliance are paramount. Meta Investing's failure to meet these crucial criteria makes it a broker to avoid. Traders seeking a secure trading experience should look towards brokers with proven regulatory standings and a transparent operational background.
When considering alternatives, brokers like Interactive Brokers, City Index, and AvaTrade stand out. They not only offer the security of stringent regulation but also bring to the table comprehensive trading solutions that can meet the needs of both novice and seasoned traders.
Meta Investing Review 2024
