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Metadoro: In-Depth Review

Metadoro is a forex broker located in Mauritius.

In this article, you’ll get a review of this broker, including analysis and instructions to open an account with Metadoro.

Here’s what you’re going to learn:

What Is Metadoro?

Metadoro is a Forex (CFDs) broker located in Mauritius and was founded in 2022.

When trading with Metadoro you can choose between a trading account or an investing account depending on your trading style.

What Can You Trade With Metadoro?

Metadoro is a Forex broker that gives you a wide range of instruments to trade besides Forex.

Here’s a list of all of the instruments that you can trade with Metadoro:

  • Forex: A good selection of 64 currency pairs, between major, minor, and exotic currencies.
  • Energies: Brent Crude Oil, WTI Crude Oil, and Natural Gas.
  • Metals: Gold, Silver, Platinum, Palladium, Copper, Aluminium, Nickel and Zinc.
  • Indices: A wide range which includes Dax, Dow Jones, Nasdaq, SP500, AUS200, CAC40, FTSE, and much more.
  • Stocks and ETFs: All major EU and US stocks are there, like TSLA, META, AAPL, and more. You have a list of 2000+ stocks to choose from and dividend payout.
  • Crypto: 88 crypto pairs are available to trade. The list included BTC, ETH, DOGE, XRP, and much more.
  • Agricultural commodities: Cocoa, coffee, corn, cotton, soybean, sugar, and wheat.
  • Bonds: You can trade the Euro-Bund 10Y (EUREX), the Euro-Schatz 2Y (EUREX), and the US T-NOTE 10Y (CME).

What Is The Metadoro Minimum Deposit?

To open a real account with Metadoro you need to deposit a minimum of $1.

You don’t need to deposit anything if you’re just trying the broker and testing a demo account.

What Is The Metadoro Leverage?

The Metadoro leverage varies according to the product you are trading and the account type you’re trading. The leverage is as high as 1:500.

Here’s the maximum leverage provided by Metadoro for each instrument and account type:

Trading Account:

  • Forex: 1:500
  • Indices: 1:100
  • Metals: 1:100
  • Energies: 1:100
  • Stocks: 1:10
  • ETFs: 1:5
  • Crypto: 1:5
  • Agricultural commodities: 1:33
  • Bonds: 1:33

Investing Account:

  • Forex: 1:1
  • Indices: 1:5
  • Metals: 1:1
  • Energies: 1:1
  • Stocks: 1:5
  • ETFs: 1:5
  • Crypto: 1:5
  • Agricultural commodities: 1:1
  • Bonds: 1:5

Metadoro Reviews

According to Trustpilot, Metadoro is classified as great. It’s scoring a 4.2/5.0. It just doesn’t have many reviews yet, only 48.

Metadoro Regulation and Licenses

When you open an account with Metadoro, you can be sure that you will be trading with a regulated broker.

The regulations and licenses come from:

  • FSC (Financial Services Commission from Mauritius)

Metadoro Trading Platforms

Metadoro gives you access to the most popular trading platforms used by Forex brokers.

You can use:

  • MetaTrader 4
  • MetaTrader 5
  • Their proprietary software

They also have web and mobile versions, meaning that you can easily trade wherever you are.

Metadoro Account Types

There are two account types provided by Metadoro tailored for your specific trading style.

They are the Investing account and the Trading account:

  • Investing account: Created for long-term investments. You can trade with no leverage if you wish. The commissions are small on stocks and ETFs ($0.006/share) and start at $0 on CFDs products. There are also no custody fees and no market fees as well.
  • Trading account: Created for active traders. Here you can trade with up to 1:500 leverage and with small commissions.

Islamic accounts are available upon request.

Open A Metadoro Account

Metadoro Professional Account

Professional accounts exist in brokers regulated in the EU, to give you access to a bigger leverage.

Since Metadoro offers regulation in different parts of the planet, you can easily get access to an account with a higher leverage, with the same characteristics as an EU professional account.

Metadoro Deposit Bonus

Metadoro doesn’t have any deposit bonus at the moment.

Metadoro No-Deposit Bonus

There’s no no-deposit bonus right now.

Metadoro Contacts And Headquarters Location

If you need to contact Metadoro here are their contacts and location:

  • Email: support@metadoro.com
  • Phone: +442045773260
  • Address: 3rd Floor, Manor House, 30 St Georges St, Port Louis, Mauritius

Metadoro Payment Methods

Metadoro accepts a limited range of methods either to deposit or to withdraw but they are enough for the majority of people.

Here’s a list of them:

  • Wire Transfer
  • Crypto
  • ADV Cash

Metadoro Negative Balance Protection

Yes, Metadoro offers a negative balance protection.

If for any reason your account goes into negative balance, Metadoro will take that loss and reset your balance back to 0. Unlike many brokers, with Metadoro you’ll don’t risk getting losses bigger than your deposits.

Open A Metadoro Account

Metadoro Margin Call

Metadoro margin call is 70% for MT4 and 100% for MT5.

This means that on MT5 you always need to maintain an equity that is bigger than the margin required to keep your positions open, and 70% on the MT4 case.

If your equity (Balance + Open Profit or Loss) falls below the required margin you will receive a margin call.

Metadoro Margin Stop Out

When you trade with Metadoro, the margin stop-out level is 20%.

What this means is that your free margin must always be above 20%. If it falls under this value, the platform will start to automatically close your positions to keep the free margin above the threshold.

Typically, the positions are closed from the largest losing position to the smallest one.

Metadoro Micro Account

Metadoro doesn’t offer Micro Accounts to its customers.

Metadoro Free VPS

There are no VPS services with Metadoro but you can always find a cheap VPS to host your EA and run it on Metadoro.

Metadoro Inactivity Fee

There is no inactivity fee with Metadoro.

You don’t need to worry about leaving your account dormant without taking trades.

Is Metadoro Legit?

Yes, Metadoro is a legit broker and company.

On the other hand, it doesn’t provide services to residents of some countries, or a country where providing that service would be contrary to the local law or regulation.

Metadoro Hedging

There are no restrictions against hedging with your Metadoro account. Heding accounts are the default with Metadoro.

This means that you can open long and short positions on the same symbol at the same time.

If you don’t like hedging accounts, there’s also an alternative. They are called the NET accounts. With these types of accounts, on each specific symbol, you can only have one single position in one direction.

Net accounts are especially useful when you want to be able to add and reduce your position size.

Is Copy Trading Allowed With Metadoro?

You are allowed to do copy trading on your Metadoro account.

The signals you copy can come from any source. Just install your favorite copy-trading software and watch your account mirror the copy-trading source that you chose.

Metadoro Social Trading

With Metadoro you can connect your MT4/MT5 account to one of the best social trading sources: MQL5.

There’s no social trading service from Metadoro itself.

Open A Metadoro Account

Metadoro Max Lot Size

When trading Metadoro forex currency pairs, your lot sizes start at 0.01 and can go up to 100.

If you trade other symbols, like indices, or metals, the maximum lot sizes may vary.

Metadoro Spreads

Metadoro has Forex spreads starting as low as 1 point.

Metadoro Minimum Withdrawal

The minimum amount to be able to request a withdrawal from Metadoro is $1.

There are also no deposit/withdrawal fees involved.

Metadoro Countries

Metadoro accepts residents from all over the world except some specific countries. Metadoro doesn’t provide services for residents from the United States, and a few other countries, the ones that are usually sanctioned.

Metadoro Alternatives

Here is a list of the best Metadoro alternatives:

Recap

  • Metadoro is a broker that allows you to trade Forex currency pairs, Energies, Metals, Indices, Crypto, Stocks, and Bonds
  • You can choose between Trading accounts and Investing accounts to suit your trading style.
  • The minimum deposit to start trading is $1.
  • The popular MT4 and MT5 platforms are available to trade.
Open A Metadoro Account

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