Metisetrade Review

Up to 300:1
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Company Information MetisEtrade Inc. is a Filipino broker based in the Republic of Philippines. The company was initially founded by Justin Jung in 2006, but it wasn’t intended as a… more

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Website URL
HeadquartersHong Kong
Support Number+85.2.580.819.62
Support TypesPhone, Live Chat, E-mail
Minimum 1st Deposit$250
Minimum Trade Amount0.01 lots
Maximum Trade Amount100 lots
PayoutUp to 300:1
Free Demo AccountYes
Regulated Yes
RegulationSecurities and Exchange Commission (SEC)
Account TypesLive, Demo
Deposit MethodsVisa, MasterCard, HSBC
Withdrawal MethodsVisa, MasterCard, HSBC
Types of AssetsForex, Commodities, Stocks
Account CurrencyUSD, EUR, JPY, GBP, CHF, PHP
US Traders Allowed No
Mobile Trading Yes
Tablet Trading Yes

Full Review

Company Information

MetisEtrade Inc. is a Filipino broker based in the Republic of Philippines. The company was initially founded by Justin Jung in 2006, but it wasn’t intended as a brokerage service provider. At first, MetisEtrade was a back office support for Wall Street companies. The base of operations involved technology support, business development solutions, and market research. However, in 2012 the Filipino firm decided to make the huge step ahead and become a fully registered broker. MetisEtrade was certified by the SEC (Securities and Exchange Commission) and the BSP (Bangko Sentral ng Pilipinas). Jung’s Enterprise was also the first to accept Peso deposits. Just a year later the newly started business had a huge local success and became one of the most reputable investment establishments in the Philippines. The company is deeply involved with Forex education for its clients and provides unlimited access to an enormous database of helpful materials. There are courses with three levels of proficiency that can aid the beginners in their journey through the financial trading. MetisEtrade also hosts regular seminars and various other events. The broker is a profoundly good choice for new traders, who want their provider to guide them effectively.


Trading Information

The Filipino financial service provider offers a significant number of trading instruments to its clients. Forex traders can enjoy numerous currency pairs, as well as stock indices, bitcoins, metals and other commodities. Spreads are floating, and leverage is set to 1:300 on all instruments and trading plans. Lot sizes are divided into three categories – Standard, Micro, and Mini. However, the exact volume is not specified. There are three types of accounts that users can pick from – Classic, FCSA (Financial Consultant Service Account) and IAA (Interest Advantage Account). The names inevitably give us a hint about the offered benefits. Both FCSA and IAA accumulate interests at the end of each trading day, which is 1.2% and 2.11% respectively on a year basis. Take note that the interested is earn only, if there is at least one position opened for every month. Otherwise, the month is not counted for interest profits. FCSA and IAA accounts also receive individual assistance for Financial Consultants that will help the client operate its investment better and wiser.


Trading Platforms

MetisEtrade offers customized MetaTrader 4 and five platforms for their customers. If you are not new to the financial markets, then you’ve probably heard about this amazing trading software. For those are clueless about MT 4 and 5, well, it’s surely the best trading platform presented at this time. MT4 is the well known version of the software, which is equipped with hundreds of tools, indicators, charting options and more. The platform has its programming language that can be used for all kind of automation and EA (Expert Advisor) development. MT5, on the other hand, is the newest product of MetaQuotes Corp., which is still lacking the popularity of MT4. However, the platform is extremely well developed and enhanced even further. Both trading platforms are adapted for mobile devices and can be easily installed on Android and iOS. MetaTrader 4 also supports the multiterminal feature, which allows more than one account to be accessed simultaneously.


Security and Customer Services

When it comes to security, MetisEtrade does not employ any protection over their website. The must-have SSL encryption is absent. Luckily, this might be the only security hole with the broker. Clients will be happy to learn that the Filipino company abides by the rules of SEC, and the authority audits it on a yearly basis. For extra peace of mind, MetisEtrade keeps all the customers’ funds in separate accounts provided by top tier banks.


The support is also highly effective, especially when it comes to quick problem solutions. Most departments of MetisEtrade can be contacted directly by phone or email. Customer services are also available through a web contact form or live chatting system. Local clients can also visit the office of the broker located at 9th ft. Marajo Tower 26th St. cor. 4th ave. Fort Bonifacio, Global City, Taguig 1634.


Deposits and Withdraws

Clients can make transactions with a limited number of methods. MetisEtrade encourages its customers to use a bank transfer option as a most preferred option. A minimum amount of $100 or its alternative in PHP is required. The deposit has to be made to the broker’s account, and the receipt must be kept and send over via email for confirmation. Alternatively, MetisEtrade supports card deposits as well through their login system.


Withdrawals are processed with a request from the client, which should be submitted before 1:00 PM Philippine Standard Time. All requests after the stated time are left for the next business day. The usual waiting time is about 1 or 2 working days. After approval from the company, the requested sum is transferred to the customer’s bank account. There is also an offline application form that can be filled and send over.


Deposit Bonuses and Loyalty Program

Traders who expect bonuses and loyalty programs with MetisEtrade will be disappointed. The broker does not offer any incentives for both newly registered and existing clients. However, the company provides extensive affiliate program for its partners. There are three different types of partnership offered – Introducing Broker Program, Forex Access Trader Program, and Corporate Affiliate Program. All the program are specially designed for financial professionals and institutions. Those interested in the proposals can get in touch with the Filipino broker and receive extra details from the representatives.

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