Claiming to be your best premium trading platform, we expect much more from the MetaversesWorld broker. Offshore, unregulated, causing many issues. That’s how we can describe this investment firm shortly. Read our MetaversesWorld review and gather all the details.
| Broker status: | Offshore Broker |
| Regulated by: | Unlicensed Scam Brokerage |
| Scammers Websites: | metaversesworld.org |
| Blacklisted as a Scam by: | N/A |
| Owned by: | Pristine Group LLC |
| Headquarters Country: | Saint Vincent and the Grenadines |
| Foundation year: | 2021 |
| Supported Platforms: | WebTrader |
| Minimum Deposit: | $250 |
| Cryptocurrencies: | No |
| Types of Assets: | FX, indices, stocks, commodities |
| Maximum Leverage: | 1:200 |
| Free Demo Account: | No |
| Accepts US clients: | Yes |
What About MetaversesWorld Regulation?
MetaversesWorld is an offshore broker owned by Pristine Group LLC. The firm was registered in Saint Vincent and the Grenadines in August 2021. Since this Caribbean island has no financial regulator, MetaversesWorld regulation should come from the Tier1 zone and regulators such as FCA, ASIC, and BaFin.
MetaversesWorld’s Parent Company Is Blacklisted
While MetaversesWorld is a newly registered domain, the parent company has already been blacklisted by the authorities in Spain, the Czech Republic, and Italy. The CNMV issued warnings against two brands – NvestPro and FinFix, while CONSOB and the Central Bank of the Czech Republic have blacklisted NvestPro.
Also, we want to invite you to read our recently updated reviews of fraudulent brokers HotTrades, Win ICoin and CoinEvo. Be careful with these brokers.
Why Is It Important For A Broker To Be Licensed?
Brokers must be licensed to operate according to regulatory standards. Firms licensed in the Tier1 zone have significant compensation funds to reimburse potential victims.
Since MetaversesWorld is just another scheme brand of the already notorious Pristine Group LLC, the chances of being scammed are pretty high.
Traders Reviews of MetaversesWorld
Here’s an example of MetaversesWorld reviews.
“Avoid these guys. It screams scam. Unregulated. Promise the earth. Do not give them your money. I have fallen for a similar scam in the past and lost £25k. Do not invest with them. Do your homework. Anyone promising results too good to be true is probably out to get your money. You have been warned. They will be around for 6 months and then disappear with your money. Stay away.”
– Trustpilot Customer
What Platforms Does MetaversesWorld Offer? – Available Trade Software
The broker advertises its platform as “an award-winning, expert-praised platform.” Yet there’s nothing worth the award or praising here. MetaversesWorld provides the most basic version of a WebTrader without any special tools or features. Don’t be deceived by a nice ad; you won’t get value for the money.
What Platforms Provide Safe Brokers?
Safe, legitimate brokers usually provide MetaTrader4 or MetaTrader5. This software is the best the industry has to offer, with the most significant number of trading tools and easy access to your funds.
All About MetaversesWorld Accounts
There are 3 MetaversesWorld account types for investors.
The main difference is in the services of a personal account manager who should make a personal financial plan for you. Again, nothing is worth your money.
MetaversesWorld Broker – Countries Of Service
As per our knowledge, the MetaversesWorld trading scam is mainly active in:
- Netherlands
- Spain
- Czech Republic
MetaversesWorld Range of Trading Instruments & Markets
The company provides access to 4 markets, including:
- Forex market – major and minor currency pairs
- Commodities – metals and agricultures
- Indices – EU, Asian, US
- Shares – all the global markets
As one of the biggest disadvantages, we will list a lack of crypto.
In the meantime, avoid scammers like Tower Bridge, VideForex and AnyTrades. If possible, tell us about your scam experience.
MetaversesWorld Minimum Deposit
MetaversesWorld requires a standard minimum deposit of $250. However, there are regulated firms with Cent accounts, starting from as low as $10. Thus, we don’t see any reason for you to risk with this shady offshore brokerage.
Scam Bonus Policy – As A Way To Keep Your Money
Similar to other fraudulent firms, MetaversesWorld has a malicious Bonus Policy intended to prevent you from withdrawals. If you accept any money from the broker, you will have to repay the bonus amount plus the initial deposit 25 times before being able to submit a withdrawal request. And that’s just another excuse to block your payouts and make you invest more money.
MetaversesWorld Unfavorable Trading Conditions
Of course, with an unregulated trading firm, you usually get unfavorable trading conditions.
Leverage And Spreads
The spread starts at 3 pips, which is double higher than the average. Conversely, the leverage is fixed at 1:200, while regulators allow only up to 1:50 for the Forex market.
MetaversesWorld Deposit, Withdrawal Methods, and Fees
The only payment method accepted with MetaversesWorld is credit cards. While, on one hand, this is not necessarily bad as you’re entitled to a chargeback within 540 days, it makes a choice rather poorly. Legitimate firms accept various payment methods, such as wire transfers and e-wallets like PayPal.
Scammed by MetaversesWorld Broker? – Let Us Hear Your Story
Have you been scammed by the MetaversesWorld broker? It’s time to book a free consultation with our chargeback specialists; tell us your story and let us help you recover what’s rightfully yours.
But What Is A Chargeback?
It’s a way for your bank to get the money directly from the merchant. Contact us via online chat, and let’s discuss your refund options before it’s too late.