Experienced traders say that a reliable broker is one of the fundamental options for successful trading in the financial markets. The competition in this area is very high. Many companies provide access to financial assets in the industry, but only a few deserve the reputation of genuinely reliable partners. Security, reliability and safety of funds are decisive when choosing a partner company for trading. The degree of trust is very high in this area and it can be measured by quite specific amounts. Let's see how a recently known service in this market Metadoro deals with it.
General information about Metadoro
The Metadoro brand is owned by the fintech company RHC Investments. This organization is registered in Mauritius â 3rd floor, Manor House, 30 St Georges St, Port Louis, Mauritius. The service cannot be called a classic broker. Metadoro is a new generation in the financial industry. The company's brokerage services are only one area of the essential direction of its activity.
Company card
Year of the service foundation â 2022
Official website â metadoro.com
Available instruments â CFDs on various types of assets (stocks, indices, currency pairs, cryptocurrencies, etc.)
Account types â 3
Available platforms â MT4 and MT5, Metadoro Web
Leverage up to 1:500
Availability of a license â yes
Bonus program â yes
Affiliate program â yes
Trading conditions
Having studied the trading conditions of Metadoro, we can safely say that they are pretty consistent with the offers of industry leaders. Commissions here are up to 0.004%, and spreads are from 0.1 points.
Trading instruments
The service offers a choice of more than 1000 different assets, which are divided into several categories:
Currency pairs
Metals
Cryptocurrencies
Stock
Indices
ETFs
Oil and gas
Bonds
Account types and trading platform
Metadoro offers two main account types, which differ in their specialization:
Trading account.
Investment account.
The second type of account involves long-term investments without leverage. A trading account, on the contrary, provides complete functionality for active trading â minimal delay, high leverage and low commissions.
Metadoro offers trading in the most popular terminal today, known as MetaTrader. There is a choice between the 4th and 5th versions. It was done for the convenience of clients because many indicators and advisors were written for MT4 and they were not transferred to MT5. These platforms have different programming languages.
Accounts operate via an electronic system, which makes it possible to open transactions with a delay of less than 20 ms. It is an excellent indicator by the industry standards.
Regulation and security at Metadoro
Metadoro is a licensed service. The corresponding permission was issued to the company by FSC Mauritius. Documentation can be found here: https://www.fscmauritius.org/en/supervision/register-of-licensees/register-of-licensees-details?licence_no=C115015381&key=&cat=GB&code=
This company is believed to be a Tier 3 regulator. Its requirements are less stringent than European ones (FCA, BaFIN, CySEC, ASIC). Still, it allows Metadoro to provide additional benefits to customers in the possibility of using greater leverage, various bonus offers and more. At the same time, the main requirements for the company's capital remain the presence of an annual audit, strict fulfillment of obligations to segregate the company's funds from clients' money, compliance with AML / KYC procedures, and so on.
All this suggests that Metadoro operates by strict security requirements, its activities are transparent and are under close supervision.
Bonus program
Metadoro offers a welcome bonus to all new clients who open a trading account. Its size is $100.
The main conditions for obtaining the bonus are as follows:
Register and pass verification. It is mandatory, as the broker operates under KYC protocols.
Subscribe to the company's Instagram.
Make a $20 credit for a deposit.
The last item is required as part of the verification procedure through the payment system. After that, the trader has access to $100 bonus funds within seven days and he can withdraw the profit from this money without restrictions.
Summary
In almost all Metadoro reviews that we have studied, the service is highly rated. The company is young by industry standards but has already attracted attention, which was not easy to do in a highly competitive environment.
Of the advantages, one can note perfect trading conditions, an understandable and straightforward procedure for registering and managing accounts and high-quality customer support. Additionally, it is worth noting the bonus program, which makes it possible to get acquainted with the service at the expense of bonus funds. It allows not only to evaluate the Metadoro service but also to start earning with minimal investment.
But the disadvantages include that the company currently does not have a European license. But, as already noted, this can be a minus and a plus of the service. It all depends on your requirements and preferences.
