Meta Investing Review (2023)
Is Meta Investing a scam or legit broker?
No, it is not safe to trade with Meta Investing. Meta Investing is owned by B.M.O. LTD., which is an offshore company registered in the Marshall Islands.
The Marshall Islands is notorious for its practically absent requirements and regulations. Due to the setup cost is low and it does not regulate forex trading. Therefore, it became an offshore zone for shady forex brokers such as GoldmanCFD, Capital88 and more.
About Meta Investing
| 🗺️ Registered in | Marshall Islands |
| 🗺️ Type of License | Offshore License |
| 🛡️ Is Meta Investing safe to trade | No |
| 🗺️ Recommended Licenses | FCA in UK 🇬🇧 & ASIC in Australia 🇦🇺 |
| 🖥 Alternative Broker | FP Markets - licensed by ASIC in Australia |
According to the website, MetaInvesting Company is the largest broker in the market that provides the ability to trade on a financial market. Their trading software is a modern financial instrument for trading currency pairs and liquid goods. However, there are a lot of contradictory things about this broker.
The company states to be a certified financial broker of B.M.O. LTD. and provides the copy of the certificate of the Companies House (England and Wales). Despite the provided documents about the registration with the Companies House, it doesn’t mean the authorization of the Financial Conduct Authority. Companies House is the United Kingdom’s registrar of companies, it is not the regulator that approves licenses for the brokers in the UK.
Moreover, the broker has been blacklisted by the UK’s Financial Conduct Authority in November 2018:
“Meta Investing (claims to be a broker of B.M.O. LTD) is not authorised by us and is targeting people in the UK. Based upon information we hold, we believe it is carrying on regulated activities which require authorisation.”
Also, the Ontario Securities Commission has recently issued a warning against Meta Investing:
“Metainvesting also operating as Meta Investing and doing business as www.metainvesting.com and B.M.O. Ltd. are not registered in Ontario to engage in the business of trading in securities.”
Conclusion
We advise all investors and traders to avoid Meta Investing and other brokers from the Marshall Islands. Traders should trade with well-regulated, best fx brokers such as UK brokers or brokers in Australia and reliable brokers such as Pepperstone and BDSwiss.