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MetaSwissX Review | “The Best Experience, The Best Platform, The Best Results” or a Scam?

by Kevin Berry
Rating: 
  1.2/5   Reviews: 2
MetaSwissX - logo

“The Best Experience, The Best Platform, The Best Results” – this is a bold statement from MetaSwissX, a broker based in the United Kingdom offering access to marginal CFD trading. The main goal of the company is to provide its clients with personalized, reliable, innovative, and safe trading environments that answer their requirements from A to Z. However, how can we speak of safety when licenses are not even mentioned, nor is the duration of operation? Moreover, legal documents are not uploaded, and online reviews are hard to find on the internet. All these hints at a blatant scam. Let’s find out if this is true.

Highlights

🏛️ Country United Kingdom
⚠️ Regulation
🖥️ Website https://www.metaswissx.org/
🎲 Demo Account Yes
⏳ Start Time 2023
💲 Minimum Deposit €250
⚖️ Minimum and Maximum Leverage 1:5-1:500
⚙️ Trading Platform EasyTrader
📨 E-mail support@metaswissx.org
📞 Phone

First Impression of Metaswissx.org

Most brokerage companies, predominantly fraudulent ones, take the path of least resistance when creating their official websites. They use a ready-made template, so many sites differ little from each other. MetaSwissX also decided to use such an approach.

The firm introduces us to its tradable assets, platform, account types, information about itself, legal documents, and contacts. However, the information is quite superficial, lacking in details and confirmations.

MetaSwissX - site

MetaSwissX’s official website is designed in dark blue tones with the only image of Bitcoin on the main page. There is a vast amount of motivational and pompous text, for example, “Invest smart, trade smart” or “Sign up to become a pro and trade like one”. Do such phrases really work on anyone? Clichéd, boring, typical, and template – this is how this site can be characterized.

Partnership and Bonuses

All clients after opening an account can receive a deposit bonus. The size depends on the selected tariff plan and ranges from 50% to 150%. However, the conditions for working off these bonus funds are not disclosed, but most likely, MetaSwissX will require a certain trading turnover before the bonuses and the profit obtained with them can be withdrawn. Such high bonuses are a negative factor because they are often offered by illegal firms.

Judging by the official website, an affiliate program is absent. No mention of such an opportunity is found in MetaSwissX, and even during the registration of a personal account, there is no field where a promo code is required to be entered.

Account Opening on Metaswissx.org

The broker offers two types of accounts: real and demo. The latter is suitable for testing the service, practicing strategies, and learning, as trading is conducted with virtual money. In both cases, the registration is the same. MetaSwissX requires providing a name, country, phone number, account currency, email, and password, and agreeing to the terms.

Registration

It was expected that the next step would be account confirmation via email, but no confirmation email was received. It raises certain concerns about the level of security at MetaSwissX.

The personal account is as template-like as the official website. On the left is a panel with basic actions, such as trading and transaction history, deposit and withdrawal of funds, verification, and editing personal data. The main window is in the center. Also, through the account, you can access the MetaSwissX terminal or download its desktop version.

MetaSwissX - personal cabinet

Verification

The verification process is performed in the corresponding section of the personal account. To do this, it’s enough to select the type of document and then specify its path on the computer. However, MetaSwissX does not disclose any information regarding KYC. Whether verification is a mandatory process or is recommended, how long the check takes, and what specific documents are needed – is unknown. Even the AML & KYC policy, which explains why this is necessary and how the check is carried out, is missing.

Pros
  • Not found.
Cons
  • AML&KYC policy is absent.
  • Unknown how long the KYC verification will take.

Trading Software

MetaSwissX’s trading platform is available not only in the usual web version but also for computers and mobile phones. However, for the computer, it is suggested to download a file named terminal.msi, which we did not risk running, as it might contain dangerous viruses. It is not recommended to download unknown software from unofficial and unverified sources. For smartphones, there is only a link to the Play Market, i.e., only for Android. Apparently, the broker does not favor iPhone users.

Terminal

Looking at the MetaSwissX terminal, several features available to traders can be highlighted:

  • Technical analysis using graphical elements and Fibonacci lines.
  • Various types of indicators: trend, oscillators, volume, and others.
  • 11 timeframes from 5 seconds to 1 month.
  • 4 types of charts: area, line, bars, and candles.
  • Notification system.
  • List of favorite assets.
  • Order management panel. Includes market and pending orders.
  • 9 languages besides English and 3 color themes.

However, these are just the basic functionalities that any platform should have. More advanced features, such as auto-trading, copy-trading, or uploading custom indicators, are absent. So, MetaSwissX’s terminal cannot be called professional and advanced. It is suitable only for beginners, but not for serious trading.

Features MetaSwissX Fin Reserve Kiplar
Demo Account ✔️
Mobile App ✔️ ✔️
Own Development ✔️

How Can I Trade With MetaSwissX?

The broker offers several types of accounts with different conditions, and here one can trade forex (47 pairs), stocks and commodities (143 items), cryptocurrencies (92 trading pairs), 12 indices, and 53 ETFs. Let’s look at the tariff plans.

All Info About Accounts

MetaSwissX offers clients 6 types of accounts:

  • Basic. The minimum deposit is €250. A 50% bonus is granted, the account is fully managed by the trader, and leverage up to 1:5 and a guide to using the terminal is available.
  • Silver. From €10,001. Here, the leverage is up to 1:10, assistance from a personal manager, and training in technical analysis.
  • Gold. From €20,001 and more. Daily trades, educational courses on fundamental analysis, and leverage of 1:20.
  • Platinum. At least €100,001. Wider leverage, a 150% bonus, and a more experienced personal manager.
  • VIP. From €200,001. The same opportunities, but the leverage of 1:100.
  • Diamond. By invitation. With a leverage ratio of 1:500.

Account types

Trading conditions are not disclosed in detail. In the trading terminal, you can view detailed parameters for each asset, such as a fixed spread type, but the size is not specified. Next to the “commission” field is zero, which means the trader only pays spreads. In this case, the spreads are either very large, or MetaSwissX operates on a business model with a conflict of interest, where the platform benefits when traders lose their money, as that’s the only time it makes a profit.

A minimum deposit of €250 is a clear signal of potential fraud. For some reason, many illegal brokers choose exactly 250 dollars/euros as the minimum threshold for depositing. Where this magic number comes from, we don’t know. Moreover, there is no logic in providing leverage. Why is it small on the initial tariffs but high on the latter ones? Traders with a deposit of €250 need high leverage, at least 1:100, while users with a capital of €20,000 and more do not need high leverage at all.

Despite the presence of a demo account, MetaSwissX does not offer Islamic and ECN account types. It is also worth noting the absence of a cent tariff for those who do not even have €250 to start trading. And undoubtedly, the company’s attempts to extract as much money as possible from users are apparent. After all, the better the tariff, the more advantageous and diverse the conditions are.

Pros
  • The demo is available.
Cons
  • Islamic and ECN tariffs are absent.
  • High minimum deposit.
  • The firm operates on an extortion principle, where better conditions are offered for larger sums of money.
  • Dealing desk business model with a conflict of interest.

Market Analysis and Education With Metaswissx.org

On the main page, there is only a ticker with the current quotes of popular currency pairs and other financial assets. In MetaSwissX, many useful widgets are missing, such as an economic events calendar, news feed, or a calculator for calculating the parameters of a trading position. Fresh analytics and market reviews are also absent, as are ready-made training courses. Although all this service is mentioned in the “About us” section, we do not observe it in reality.

Deposit, Withdrawal, and Fees

A separate section dedicated to methods of depositing and withdrawing funds is missing, including in the user agreement and terms and conditions document. In the MetaSwissX personal account, references to credit/debit cards, bank wire transfers, and electronic payment systems can be found, but cryptocurrencies are not mentioned. Also, potential commissions for deposit/withdrawal are ignored, as well as the processing time for withdrawal requests.

Features MetaSwissX Stockoza Lig Broker
Debit/Credit Cards ✔️ ✔️ ✔️
Electronic Payments ✔️ ✔️
Crypto Transfers
Deposit Fee
Withdrawal Fee ✔️

How Can I Contact It?

The company’s website lists only one email address, and there are no phone numbers. Users also have the option to send a message to MetaSwissX via a special form in the “contacts” section. It is worth noting the absence of online chat and social media accounts, which are some of the most important elements of communication between the broker and clients.

Checking the email address gave us nothing, it actually exists. However, the lack of other ways to contact managers is a significant drawback.

Pros
  • There is an email.
Cons
  • Online chat, social media accounts, and phones are absent.

Is MetaSwissX Dangerous?

The template nature of the site is immediately apparent, so nothing good or positive can be said about the broker. The trading conditions are astonishing because they look super unfavorable, and they resemble those offered by many fraudulent firms. However, the most interesting part is yet to come. It’s necessary to find out the duration of MetaSwissX’s existence and the presence of a license. After that, a verdict can be made about the broker.

How Long Does The Broker Work?

It’s not surprising that the founding date is absent, except for 2021 in the footer of the site. The broker has something to hide. However, the creation date of the official website’s domain cannot be hidden, which means the platform was launched quite recently, as the domain was registered only in October 2023. This can be added to the small number of reviews on the internet, further confirming the short operation time of MetaSwissX.

Domain

How Is MetaSwissX Regulated?

Finally, but most importantly, are jurisdiction and licenses. The broker shows an address in the United Kingdom, so it must obtain a license from the Financial Conduct Authority, without which no brokerage organization can legally operate in this country. However, no such firm was found on the FCA register. The search yielded no results, meaning MetaSwissX operates without a license.

MetaSwissX - FCA

There are suspicions that the London address was fabricated. If MetaSwissX is indeed a real organization, there should be a record in the legal entity register of the United Kingdom. We checked Companies House, but no such company was found there. The conclusion is very simple – the stated address in the United Kingdom is fake. And where is the platform actually registered? Unknown, and there’s a likelihood that it is not legally registered anywhere.

MetaSwissX - Companies House

Features MetaSwissX Xeodis Fusion Markets
European Zone ✔️
Asian Zone
American Zone
African Zone
Offshore ✔️

Frequently Asked Questions (FAQ)

How to Trade With MetaSwissX?

First, you need to open an account, with two options available: real or demo. Then you need to fund the deposit and also undergo identity verification.

Is MetaSwissX Legit?

The FCA license is absent, which we have verified. Also, the company is actually not registered in the United Kingdom, as it is not in the legal register.

How Risky Is It?

There is no license, meaning the broker operates illegally. The risk of losing money when cooperating with firms like MetaSwissX is maximal and equals 100%.
Kevin Berry
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Expert Opinion

Another scam broker. How many more can there be? How many pseudo-brokerage sites need to be created for people to understand that this is all theft and fake? Are there still naive traders who would choose MetaSwissX as their brokerage partner? After all, there’s no license, proper operating period, insurance, or any guarantees. Even the office is fake, and many trading conditions are unknown. Investing here means a guaranteed loss of deposit. There are almost no reviews on the internet, and those on the site are obviously fake. In short, the fraudsters haven’t come up with anything new and continue to use their old scheme.

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MetaSwissX rating

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Efficiency of technical support
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The level of trust
Quick withdrawal of funds
Efficiency of technical support

2 reviews about MetaSwissX

Rafael December 5, 2023 - 02:47
It's risky to trade here
Efficiency of technical support

I agree, it’s a fraudulent organization. I reached out to them by email, but nobody responded. And if they haven’t responded for more than two weeks, there’s no sense in depositing money. Very risky! So I advise against taking any risks.

Reply
Alex Stealman December 16, 2023 - 12:15
I didn't see anything good
The level of trust
Quick withdrawal of funds
Efficiency of technical support

Indeed, the company is unattractive. The trading conditions are too unfavorable, and the platform looks simply horrible. How can anyone think of cooperating with such a firm? There are brokers 100500 times more advantageous, safer, and more verified than Metaswissx. With my experienced eye, I see only scam and fake platform. There are no real quotes here, nor real activity, only fraud and a mirage.

Reply

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