Metaverxia targets Spanish speaking audience with their bogus CFDs online trading platform.

When we published this review, Metaverxia.com was just 1 year and 18 months old yet the broker claims that they’ve been winning awards back in 2017.

We note that this is not truthful information.

The plot thickens because even the Spanish financial regulator has sounded an alarm, stating that Metaverxia is not a licensed broker and hence it is not authorized to provide financial services to Spanish citizens.

You can read that document here.

Metaverxia review: What this broker is doing behind your back

The broker claims that they’re incorporated as Metaverxia LLC. This is an obvious lie because an LLC company is a US-based limited liability company while this broker is providing a Caribbean island physical address as their headquarter.

Probably they’re not incorporated at all. The next best guess is that the broker is under some shell company that’s in charge of providing the white label trading software.

This is what scammers like EpsilonFX and FusionTrade are doing to deceive investors before taking their money.

There’s always a third-party who is in charge of providing the trading simulator. The trading sim has a charting function, a couple of financial assets for trading and a means to execute the trades.

Meanwhile, for every trade that you place on the Metaverxia platform, the broker will always be doing something on the other end to ensure that it doesn’t bring profit.

They may widen the spreads, delay the execution by a few seconds so that you enter with a bad price or they may even begin to hunt your stops.

In the worst case scenario, these brokers even freeze the platform temporarily if they discover that you are a scalper.

This is what all CFDs brokers do. It’s the reason Metaverxia is even confessing that CFDs are “complex” financial products. They aren’t. Only that brokers use them to steal money from traders.

In the end, Metaverxia will always have an edge. You can’t beat them. So never give them your money in the first place.

List of reasons why Metaverxia is just a scam broker

The broker uses all the bells and whistles on their website to attract attention and make victims believe they’re legitimate.

Here are reasons that you should ponder about before contemplating this broker’s services.

1)They’re not regulated by any financial authority

2)Broker has no reputation or track record

3)A forum has accused Metaverxia of submitting fake promotional reviews to deceive and mislead new clients.

4)The broker displays wealth and luxury content on their website to imply success.

5)They lie that this broker has millions of customers and that they won awards in 2017.

When you combine all the 5 reasons, you begin to see clearly why Metaverxia is a dangerous broker.

The tactics they use are very familiar. The ask traders to deposit $250 to test their trading platform. This amount of money gets you a very basic account.

They also attract you with bonuses that create the illusion that your account can take big positions in the market.

Because Metaverxia is a boiler room scam, they will also give you a call over the phone, encouraging you to upgrade to the next account to earn more money quickly and easily.

This would sound like a good idea especially if you’re making some “profit”. But in the end, the broker will fleece you a huge amount of money due to your greed.

Conclusion of this broker review

Everything about Metaverxia broker is based on lies.

The broker is even not sure whether to disclose their physical address or not.

One thing that we’re sure of is that the broker is not based in the US. They’re just using the LLC corporation to win the trust of investors in the US.

If you trust them with your funds, they’ll scam you and you will never hear from your “investment manager” again.

If this sounds like an experience you’ve ever gone through, we encourage you to also read how to deal with scammers when you have transferred money to them.