Metrics fx Trade is a CFD broker with a website domain registered on May 22, 2024. This broker primarily provides investment services for markets such as forex, cryptocurrencies, indices, stocks, energy, and commodities. It does not offer services to countries and regions where doing so might violate local laws or regulations.
Company Registration and Regulatory Status
According to the publicly available information on the Metrics fx Trade website (www.metricsfxtrade.live), the broker was established in 2016, claims its company entity is ASN, and asserts it is regulated by the Australian Securities and Investments Commission (ASIC). However, the broker does not disclose its company entity registration details or detailed regulatory information.
Upon investigation, the Australian Securities and Investments Commission (ASIC) has no record of a regulated company named "ASN."
Therefore, Metrics fx Trade (www.metricsfxtrade.live) is essentially a fraudulent broker site with no company entity or regulation.
Account Opening Process
The account opening process for a Metrics fx Trade trading account includes: visiting the broker’s website, clicking on “Open Account” on the homepage or “SIGN UP” at the top right corner of the page, entering personal information such as name, email, and setting a login password as required, and submitting this information. After verification, the account can be successfully registered.
Trading Instruments
Metrics fx Trade offers clients multiple trading products, including forex, indices, commodities, stocks, and cryptocurrencies.
- Forex: Forex trading involves exchanging different currencies, known for its high liquidity, allowing traders to profit from exchange rate fluctuations.
- Indices: Index trading allows speculation on the performance of an entire market or specific sector without trading individual stocks. Exploring popular indices can reveal diverse trading opportunities and use high leverage to enhance potential returns.
- Commodities: Commodity trading covers key resources in global markets, allowing traders to buy and sell various raw materials, including metals, energy, and agricultural products.
- Stocks: Stock trading enables investors to engage in public company price fluctuations, earning profits based on company performance and dividends, without actually holding the stocks.
- Cryptocurrencies: Cryptocurrency trading offers digital currency enthusiasts the opportunity to profit from highly volatile assets.
Trading Accounts
The Metrics fx Trade website does not disclose information about account types, spreads, trading leverage, margin call/stop-out levels, trading commissions, minimum and maximum trade sizes, maximum position/order sizes, or minimum price precision.
Trading Platform
Metrics fx Trade provides a proprietary trading platform, claiming an average order execution speed of less than 7.12 milliseconds, with over a comprehensive liquidity provider and more than 12,000 orders executed per second.
Deposits and Withdrawals
Metrics fx Trade only supports deposits and withdrawals through cryptocurrencies.
Conclusion:
Traderknows reminds investors that Metrics fx Trade is a scam broker that lures investors with promises of high returns. This site has neither a physical company nor any regulation. It is recommended that investors choose brokers with transparent information, strong regulation, and a good reputation to avoid unnecessary financial losses.
Currently, this broker is marked as a "Scam" on Traderknows.
