Metakit FX is a forex broker registered on its official website on March 4, 2024. The broker mainly offers users a variety of trading markets, including forex, metals, commodities, indices, etc., via its self-developed trading platform. It does not operate in the United States, Iran, North Korea, and other regions.
Company Registration Information and Regulatory Status:
The official Metakit FX website reveals that its corporate entity is Metakit FXLimited, headquartered in the United States. The broker is regulated by the Australian Securities and Investments Commission (ASIC) and the Vanuatu Financial Services Commission (VFSC), with license numbers 296805 and 700455, respectively. Additionally, Metakit FX is a registered member of THE FINANCIAL COMMISSION.
Upon verification, the ASIC's official website shows that license number 296805 corresponds to the corporate entity DLS MARKETS (AUST) PTY LTD, and the VFSC's official website reveals that the license number 700455 is associated with the corporate entity DLS MARKETS LIMITED. Furthermore, THE FINANCIAL COMMISSION's registry does not list Metakit FX as a registered member, but DLS MARKETS can be found in the membership directory. Therefore, it is confirmed that Metakit FX is a clone site of DLS MARKETS and is a scam platform.
Moreover, the "Terms and Conditions" page on the broker's official website provides only icons for documents, which in reality cannot be opened, whereas the legitimate website DLS MARKETS' documents are accessible.
Opening an Account:
To open an account with Metakit FX: Visit the broker's official website and click on “Open Account” to enter the registration page. Fill in your email address, set a login password, and submit. Once submitted, the account is successfully registered. Login is required to complete full KYC verification before proceeding with deposit transactions.
Account Types:
Metakit FX offers two different types of real trading accounts: STANDARD ACCOUNT and ECN ACCOUNT.
STANDARD ACCOUNT
- Minimum deposit: $200
- Spread: From 1.0 pips
- Maximum leverage: 1:500
- Trading commission: $0
ECN ACCOUNT
- Minimum deposit: $200
- Spread: From 0 pips
- Maximum leverage: 1:500
- Trading commission: $6 per round turn trade
Trading Platform:
Metakit FX claims to offer the MT4 trading platform on its official website, but in reality, it uses its self-developed trading platform, and the broker is not listed on MT4.
Deposits and Withdrawals:
Metakit FX supports various payment methods for deposits and withdrawals, including credit/debit cards, e-wallets, and bank wire transfers.
Conclusion:
Traderknows reminds investors that Metakit FX is a fraudulent platform of the shell broker DLS MARKETS. It is advised that investors should prefer brokers with transparent information, strong regulation, and good reputation for their investment and trading activities to avoid unnecessary financial losses.
Currently, this broker is marked as "suspected fraud" on Traderknows.
