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Metabase

Finland|1-2 years|
High potential risk|

https://metabaseltd.com/

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helpline@metabaseltd.com
https://metabaseltd.com/

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No valid regulatory information, please be aware of the risk!

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Company Name

Metabase

Abbreviation

Metabase

Platform registered country and region

Finland

Company website

Pyramid scheme complaint

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Warning: Low score, please stay away! 2
Previous Detection : 2024-11-15
  • It has been verified that this broker currently has no valid regulation. Please be aware of the risk!
  • The current information shows that this broker does not have a trading software. Please be aware!

WikiFX Verification

Metabase · WikiFX Survey

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Metabase · Company Summary

Company Name Metabase
Headquarters China
Regulations No license
Market Instruments Forex currency pairs, metals, energy commodities, cryptocurrencies, stock indices, individual stocks
Account Types Standard, ECNpro
Leverage 1:100 to 1:500
Spread Starting from zero pips
Commission Fee Varies (No commission charge on some pairs)
Minimum Deposit $100
Deposit/Withdraw Methods USDT, Bitcoin, ETH
Trading Platforms Proprietary cTrader (Windows, iOS, Android)
Customer Support Phone, email, live chat
Educational Resources N/A

Overview of Metabase

Metabase is an online broker allegedly registered in China. Traders exploring Metabase can access various trading instruments, spanning forex currency pairs, precious metals, energy commodities, cryptocurrencies, stock indices, and individual stocks.

To facilitate trading activities, the broker provides its proprietary trading platform, cTrader, which is compatible with Windows, iOS, and Android devices. This platform grants traders access to over 300 tradable assets and supports different order types, catering to a broad spectrum of trading preferences. As traders consider their options, they should weigh the benefits of the available trading instruments and platform against any potential concerns or limitations that may impact their trading experience.

basic-info

Is Metabase regulated?

Metabase, currently operates without valid regulation. Traders should exercise caution and be aware of the associated risks when considering this platform for their trading activities. The absence of valid regulation raises concerns about the level of oversight, transparency, and investor protection that may be afforded to traders using this broker.

Is Metabase regulated?

Pros and Cons

Metabase offers access to multiple popular tradable assets, providing traders with opportunities to explore larger markets. The availability of a proprietary trading platform, cTrader, offers convenience and accessibility, catering to traders on different devices. The competitive leverage options and tight spreads, especially on the ECNpro account, may appeal to traders seeking favorable trading conditions. Additionally, the acceptance of cryptocurrencies as deposit options provides flexibility for those interested in utilizing digital currencies. Furthermore, the broker's multiple customer support channels, including email, live chat, and phone support, ensure responsive assistance for traders' inquiries.

Metabase lacks comprehensive educational resources, potentially leaving traders, especially beginners, seeking external educational materials. The absence of valid regulation raises concerns about the level of oversight and investor protection. Additionally, the inability to transfer existing brokerage accounts to the firm might inconvenience traders looking to migrate their trading activities. The limited accepted deposit currencies, restricted to USDT, Bitcoin, and ETH, may limit options for traders preferring traditional fiat currencies. Lastly, the absence of information on promotions or bonuses might be a drawback for traders seeking such incentives.

Pros Cons
  • Various popular trading instruments
  • Lack of comprehensive educational resources
  • Proprietary cTrader platform
  • Lack of valid regulation
  • Competitive leverage and tight spreads
  • Inability to transfer existing brokerage accounts
  • Cryptos trading supported
  • Limited accepted deposit currencies
  • Multiple customer support channels
  • Absence of information on promotions or bonuses

Market Instruments

Metabase offers an extensive selection of trading instruments, catering to a wide spectrum of trading preferences. Traders can explore the world of Forex with various currency pairs, tapping into the largest and most liquid market. This includes major, minor, and exotic currency pairs, enabling traders to navigate global exchange rate movements and capitalize on market volatility. Additionally, the broker provides opportunities to engage in Metal trading, where traders can delve into the precious metals market, including gold, silver, platinum, and other valuable metals.

Moreover, Metabase facilitates trading in the realm of Energy, granting insights into oil, natural gas, and renewable energy markets. The platform also empowers traders to explore the interplay between Commodities and forex trading, showcasing how commodities like oil and gold can impact forex markets. Metabase also provides opportunities for Cryptocurrency trading, where traders can navigate the fast-paced realm of digital assets such as Bitcoin and Ethereum. Finally, the broker allows for Indices trading, enabling traders to delve into stock market indices, and Stocks trading, offering a comprehensive selection of individual company stocks.

Market Instruments

Account Types

Metabase offers a range of trading account types tailored to diverse trading preferences. The Standard Account is designed for traders seeking a straightforward experience. The minimum deposit is $50. It offers leverage of 1:500, allowing traders to amplify their positions. Additionally, the account permits hedging and Expert Advisor usage, enhancing trading strategies.

For those desiring competitive pricing, the ECN Pro Account presents an option with a minimum deposit of $3000. Offering spreads starting from 0 pips, it provides access to 100+ currency pairs and 50+ cryptocurrencies. The 1:300 leverage allows for increased trading potential. Traders can employ hedging, Expert Advisors, and spread trading, aligning with advanced strategies.

The Swap-Free Account caters to traders concerned about overnight interest charges. With a minimum deposit of $1000, it offers a spread of 1.6 pips and leverage of 1:500. This account is designed to minimize rollover fees. Similar to other accounts, it allows hedging and Expert Advisor usage, accommodating diverse trading approaches.

For those looking for unique features, the Promotion Account stands out. With a minimum deposit of $100, it provides access to a range of benefits, features, and offers distinct from regular accounts. Traders can enjoy a spread of 1.8 pips and a leverage of 1:100. Hedging and Expert Advisors are also allowed, while copy trading and spread trading are not permitted.

Account Types

How to open an account in Metabase?

Opening an account with this broker is a straightforward process that involves a few simple steps. To get started, select your preferred account type and submit your application. Once your application is approved, follow these steps:

  1. Select the account type that best suits your trading preferences and needs.

  2. Fill out the necessary information and submit your application for review.

  3. Await approval from the broker, usually a quick process.

  4. Once approved, fund your trading account using a variety of convenient funding methods.

  5. Gain access to the cTrader platform and its array of trading instruments across different asset classes.

  6. With your account funded, you can start trading over 300 instruments and exploring opportunities in the market.

 open an account

Spread and Commission Fees

Metabase offers four types of trading accounts with competitive minimum spreads, ranging from as low as zero pips on select currency pairs in the ECNpro account, allowing traders to access tight spreads typically associated with institutional liquidity, enhancing the cost-efficiency of trading across various markets.

Leverage

Metabase allows margin trading with leverage, which enables traders to control larger positions in the market with a relatively smaller amount of capital. The broker provides varying leverage options across its account types, catering to different risk appetites and trading strategies. Traders can find leverage ratios such as 1:500, 1:300, and 1:100, depending on the chosen account type. It's important for traders to understand that while leverage can amplify potential profits, it also magnifies potential losses. Therefore, individuals should carefully assess their risk tolerance and use leverage judiciously as part of their trading approach.

Trading Platform

Metabase introduces cTrader, its proprietary trading platform, which offers a versatile trading experience. Traders of different expertise levels can utilize cTrader, as it provides access to a variety of order types and over 300 tradable assets.

The platform is compatible with Windows, iOS, and Android devices, allowing traders to trade on-the-go. However, traders should be aware that, like any trading platform, cTrader comes with inherent risks that require careful consideration and effective risk management. As traders engage with cTrader, Metabase's proprietary platform, they can access a toolkit designed to support their trading endeavors.

Trading Platform

Deposit & Withdrawal

Metabase offers three cryptocurrencies for deposit, including USDT (Tether), Bitcoin, and Ethereum (ETH). These digital currency options provide traders with flexibility when funding their accounts, catering to those who prefer to use cryptocurrencies for their transactions. However, it's important to note that the available deposit currencies are limited to USDT, Bitcoin, and ETH, and no other traditional or fiat currencies are currently accepted.

Regarding the transfer of existing brokerage accounts, Metabase does not facilitate the transfer of accounts from other brokerage firms. Traders looking to join Metabase will need to open a new account directly with the broker.

Customer Support

Metabase offers customer support through an online form, email (helpline@metabaseltd.com) during business hours. However, the limited support hours and channels may not adequately address traders' needs, especially during volatile market conditions requiring prompt assistance. Overall, the responsiveness and effectiveness of Metabase's customer support remain questionable.

Customer Support

Educational Resources

Metabase currently lacks comprehensive educational resources, which can impact traders seeking guidance and insights. The absence of such resources may hinder traders, particularly beginners, from developing a strong understanding of trading concepts and strategies. Novice traders might face challenges in making informed decisions and effectively managing risks without access to foundational knowledge.

The lack of educational materials could potentially lead to a steeper learning curve and greater reliance on external sources for information. Traders might miss out on valuable insights that could enhance their trading skills and overall success in the financial markets.

Conclusion

Overall, Metabase offers various financial instruments (forex, stocks, etc.) for trading through cTrader platform. However, consider the lack of regulation, limited deposit options, and scarce educational resources before using it. Weigh these drawbacks against your trading goals and risk tolerance to decide.

FAQs

What is the regulatory status of Metabase?

Metabase currently operates without any valid regulations.

What types of market instruments are available on Metabase?

Metabase offers a diverse range of market instruments, including forex currency pairs, metals, energy commodities, cryptocurrencies, stock indices, and individual stocks.

What is the maximum leverage offered by Metabase?

Metabase provides varying maximum leverage ratios across its account types, ranging from 1:100 to 1:500, depending on the chosen account type and trading preferences.

What trading platform does Metabase offer?

Metabase's proprietary trading platform, cTrader, is available for traders.

What is the minimum spread for trading on Metabase?

Spreads start from as low as zero pips for certain pairs on the ECN Pro account, but the minimum spread varies based on the selected account type and specific currency pairs.

Risk Warning

Online trading involves significant risk, and you may lose all of your invested capital. It is not suitable for all traders or investors. Please ensure that you understand the risks involved and note that the information contained in this article is for general information purposes only.

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