SogoTrade Fined $75K Amid Compliance Failures
FINRA fines SogoTrade $75,000 for market access control failures as TopFX advances synthetic indices trading and 24/7 multi-asset solutions.
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Abstract:Do you fail to withdraw your funds from your Metadoro forex trading account? Does the forex broker manipulate figures to cause you losses? Does the high slippage erode your capital and make it difficult for you to close your order at the optimum rate? These are some startling issues you and many other traders are facing on the Metadoro trading platform. In this Metadoro review article, we have shared some complaints for you to look at. Read on!

Do you fail to withdraw your funds from your Metadoro forex trading account? Does the forex broker manipulate figures to cause you losses? Does the high slippage erode your capital and make it difficult for you to close your order at the optimum rate? These are some startling issues you and many other traders are facing on the Metadoro trading platform. In this Metadoro review article, we have shared some complaints for you to look at. Read on!
Traders accuse Metadoro of deliberately delaying or denying the withdrawal requests made to the broker. Despite numerous attempts to connect with customer service officials for withdrawal access, traders come empty handed. Here are multiple withdrawal-related complaint screenshots.



This complaint section talks about a trader who highlighted the issue of price difference (slippage) as high as 0.22 US dollars on Metadoro login, reducing his profits and preventing him from withdrawing funds. The screenshot below contains traders take on the overall trading situation.

Traders are also concerned by the high withdrawal limit on the Metadoro trading platform. The high limit prevents traders from accessing their funds and forces them to stay exposed to alleged scam risks with the broker. Here is the traders word on the issue.

Traders also accuse the broker of carrying out manipulative trade practices to cause them losses. Some of them witnessed massive capital erosion because of this on the Metadoro trading platform. Here is one complaint found against this suspicious trading activity from the Mauritius-based forex broker.

As trading complaints against Metadoro sounded alarming, the WikiFX team started investigating the broker on multiple aspects, including its regulatory status. The team found that Metadoro is not a licensed forex broker, answering your query: Is Metadoro legit or a scam? As a responsible trader, stay away from associating with an unregulated forex broker, such as Metadoro, to prevent capital losses. Considering the overall investment risks, the team gave Metadoro a score of 2.23 out of 10.
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Disclaimer:
The views in this article only represent the author's personal views, and do not constitute investment advice on this platform. This platform does not guarantee the accuracy, completeness and timeliness of the information in the article, and will not be liable for any loss caused by the use of or reliance on the information in the article.

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