Introduction to X METAVERSE PRO:
X METAVERSE PRO is a forex broker founded in China by Jordan Daniels, Hugo Basset, and Charles Harris. The headquarters address is not disclosed. The broker primarily offers trading services for products such as forex, precious metals, ETFs, commodities, indices, and more. According to Whois information, its official domain was registered on July 10, 2022. The registered entity is X META EXCHANGE LTD, with the associated company being X META EXCHANGE PTY LTD.
Is X METAVERSE PRO compliant and legal? Does it hold the necessary financial regulatory licenses?
X METAVERSE PRO claims on its official website that the company is regulated by the NFA, with regulatory number 0545140. However, upon checking the NFA official website, it was found that X METAVERSE PRO is not an NFA member and not regulated by NFA. X METAVERSE PRO also claims to be regulated by the Bank of Lithuania (LBE), but no relevant information could be found.
X METAVERSE PRO is also regulated by the MSB, with regulatory number 31000205412764. TraderKnows verified this registration number on the official website of Finecn MSB in the U.S., but it should be noted that FINECN MSB (U.S. MSB) is an organization supervising anti-money laundering. It does not provide any regulatory oversight for X METAVERSE PRO's forex margin trading activities.
In summary, X METAVERSE PRO is not regulated by any regulatory authority, and investors are advised to exercise caution when considering the services provided by this broker.
Products offered by X METAVERSE PRO:
According to the information on the X METAVERSE PRO official website, the broker offers financial products including forex, precious metals, ETFs, commodities, and indices.
Trading software:
The information and functionality of the trading platform provided by this broker are unclear, potentially posing security risks. Investors should exercise caution when choosing the services of this broker.
Fund security:
X METAVERSE PRO has not disclosed any third-party fund supervision information on its official website, and the security of user funds cannot be guaranteed.
Deposit and withdrawal channels:
X METAVERSE PRO has not disclosed any information regarding user deposit and withdrawal channels, making it unclear how users can make deposits and withdrawals.
Leverage ratio:
This broker has not disclosed its leverage ratio. Compliant brokers clearly disclose leverage ratios on their official websites or trading platforms for investors to make informed trading decisions.
Conclusion
X METAVERSE PRO is a forex broker conducting illegal financial business by using false regulatory information. The broker has not disclosed critical information about user fund security and deposit and withdrawal channels. TraderKnows warns you that X METAVERSE PRO is a high-risk forex broker, and it is advisable to stay away from this platform to avoid personal financial losses.
Currently, X METAVERSE PRO is listed as "Suspected Fraud" on TraderKnows.
