Meteor Trade review – 5 things you should know about meteortrade.pro!

Meteor Trade review – 5 things you should know about meteortrade.pro!

Rating: 1

Beware! Meteor Trade is an offshore broker! Your investment may be at risk.

RECOMMENDED FOREX BROKERS

Forex.com

Don’t put all your eggs in one basket. Open trading accounts with at least two brokers.

 

Meteor Trade is a shady broker that is not deserving of your money or time – here is why:

Meteor Trade regulation and safety of funds

Meteor Trade is not a licensed company – and, in fact, the broker hails from an infamous offshore scam haven – the Commonwealth of Dominica. Here is Meteor Trade confirming that:

The country has such a bad reputation, because it refuses to regulate its Forex markets in any capacity. That makes it incredibly valuable as a destination to scammers, who set up shop there to run their schemes without facing any opposition.

Trading with an unlicensed offshore broker is risky, because there are no guarantees that the company is not running a scam – contrast that with a stricter jurisdiction like the UK, which demands all brokers report on a daily basis on open and closed trades to prevent market manipulation and you see why. The UK also envisions some protections from the volatility of the markets for the retail trader – brokers are forced to participate in guarantee funds that pay out up to 85 000 pounds in the case of a broker going under. So, the sensible thing to do is to trade with a licensed company – here is a list of our top-rated brokers from the UK.

Meteor Trade trading software

Meteor Trade does not provide access to a conventional trading platform like industry standard Metatrader 5 – instead, it opts for the following web-based software, which lacks most of MT5’s features, with automated trading completely unavailable:

As for the actual trading conditions on it, the spreads Meteor Trade has are 3 pips on FX majors like the EURUSD, when they should be well under 1 pip!

The leverage available with the broker is also too much – amounts of over 1:50 are generally banned by most regulators around the world, and yet, Meteor Trade has ones of up to 1:200 available to anyone! Most offshore brokers have such high leverage available, in what is nothing more than a bid to attract more clients – if you see it advertised in the wild, you are most likely dealing with a company like Meteor Trade!

Meteor Trade deposit and withdrawal methods and fees

Meteor Trade only accepts credit card deposits – which is actually quite beneficial, since these payments are eligible for a chargeback within 540 days of any transaction. And a chargeback might be the only way you have of getting your deposit back – meanwhile, your profits are forfeit, because Meteor Trade has the following clause available on its website:

It states that funds made with bonuses issued by the broker are ineligible for withdrawal – but there is no way to know what money is made using what. The purpose of this clause is to deny withdrawal requests for profits. Similarly, the ability to withdraw the bonus is completely illusory – executing such a high turnover is not something that any trader can reliably achieve.

Meteor Trade also charges some fee on inactive accounts, but all we know about it can be found below:

Such vague clauses about fees always lead to brokers abusing their clients with insane fees!

How does the scam work?

Unfortunately, we have to conclude that Meteor Trade is running a scam – the broker also does so following the pattern described below:

Whenever someone stumbles upon the website Meteor Trade runs, they are prompted to make an account with the scammers – and a requirement to do so is to leave a phone number. If the scammers get their hands on it, they will start calling around the clock to demand deposits – more and more will be taken from their victim, until they are bled dry or realize what’s going on – at which point, the scammers cut them off and move on to new targets.

What to do when scammed?

If you have been scammed, you need to take the following steps to make sure you do not suffer further losses:

First off, reissue whatever credit cards and forms of ID the scammers had access to – and remove any remote control software they had you install on your PC.

Secondly, contact your bank to see if you can file a chargeback – but even if you cannot, do not trust any recovery agency that demands an upfront payment for its services – that is yet another scam!

Finally, do not hesitate to leave a comment with your thoughts on Meteor Trade – that will help us raise awareness of the scam, which is the best way to combat it!

Top Forex Brokers

BrokerCountryRatingMin. DepositWebsite
US4.99/5$50 Click for a special offerWebsite
UK, Cyprus, Belize4.94/5$5 Click for a special offerWebsite
Australia, Cyprus4.93/5$100 Click for a special offerWebsite
Cyprus, SVG4.8/5$100 Click for a special offerWebsite
Cyprus4.75/5$5 Click for a special offerWebsite

12 Comments

  1. yes the same happend to me ,i got 50.000 credit and now have to pay this, in the meanwhile i also made 100.000 on the account . they do not want this money. i did pay 500 when i started . it was all new for me .and i can not believe the scame you in 2021. but still they do.

  2. It happened to me in December 2021. I started with 220 euros, and then they kept asking for one or the other. I ended up depositing 2000 euros. Seeing a so-called gain, I decided to take out the 2000 and continue with the profit. The “broker” tried to persuade me not to take it out, but I insisted. In the end, I made the effort to get the 2000 out, but what to see, they were late to appear. When I asked what was going on, he told me that they were blocked by the “blockchain” and that in order to unlock them I had to deposit half of the amount I wanted to take out as proof that I was a real person. I deposited the amount, and since then no one has contacted me and Cristi Sava who was the “broker” is no longer to be found. Before stopping any communication, I started telling her that I thought she was a charlatan.
    In conclusion, do not trust and do not get into such situations, there are scams!
    ———————-
    Mi s-a întâmplat și mie în decembrie 2021.am început cu 220 de euro, iar apoi au tot cerut ba pentru una, ba pentru alta. Am ajuns sa depun 2000 de euro. Văzând un asa zis câștig am decis sa ii scot pe cei 2000 și sa continui cu profitul. “Brokerul” a încercat sa ma convingă sa nu scot, dar eu am insistat. Într-un final am făcut demersurile pentru a scoate cei 2000 dar ce sa vezi, întârziau sa apară. Când am întrebat ce se întâmplă mi-a zis ca sunt blocați de “blockchain” și ca pentru a-i debloca trebuie sa mai depun jumătate din suma pe care doresc sa o scot drept dovada ca sunt o persoana reala. Am depus suma, iar de atunci nu m-a mai contactat nimeni și nici Cristi Sava care a fost “brokerul” nu mai este de găsit. Înainte de a înceta orice comunicare am apucat sa ii zic ca eu cred ca este o șarlatani.
    În concluzie nu aveți încredere și nu întrați în astfel de situații, sunt escrocherii!

    1. The same happened me, I have deposited USD250, they asked me to add so that I’m eligible for bonus, therefore I added USD500.
      They again called me to top up without doing any trading
      Total cheater & real scammer

    2. they only cheated on me with 250. every day they insisted on depositing but I didn’t want to. When he saw that I did not want to file that Cristian Sava, a Moldovan jeg wrote to me that he did not want to cooperate with me anymore and he did not answer me.
      ————————-
      m-au inselat doar cu 250. in fiecare zi insista sa mai depun dar nu am vrut. Cand a vazut ca nu vreau sa depun acel Cristian Sava , un jeg moldovean mi-a scris ca nu vrea sa mai colaboreze cu mine si nu mi-a mai raspuns.

    3. Hello. Exactly the same thing happened to me and I am the same story the person Cristian Sava (criminal broker) sent me a picture with my passport or I invested 200 EUR at the beginning I made a profit 38000 euros on the meteortrade.co platform which was my colleague at metatrade5 at the withdrawal they said that they are blocked by blockchaine.com and the people from blookchaine started calling and the criminal broker transferred from my personal account on the platform 11 percent of the amount I got to deposit 23,000 euros to them so far … These brokers are a team of criminals what we can do is join at least 10 cases and give them to S. I. C ELECTRONIC CRIMINAL INVESTIGATION SERVICE. These brokers are professional but also make mistakes that can be useful as evidence for the police.
      IF ANYONE HAS A SOLUTION FOR REIMBURSEMENT OF METEORTRADE FUNDS. CO to contact me but I do not offer money to solve the case until the completion
      ————————
      Bună ziua. Exact același lucru am pățit și eu este identica povestea persoana Cristian Sava(brokerul criminal) mia trimis o poza cu passapotul sau am investit la început 200 EUR am făcut profit 38000 euro pe platforma meteortrade.co care era colega și la metatrade5 la retragere au zis ca sunt blocați de blockchaine.com și au început sa sune cei de la blookchaine și brokerul criminal sa transfer din contul meu personal pe platforma 11 procente din suma am ajuns sa depozitez pana în prezent la ei 23.000 euro… Acești brokeri sunt o echipa de criminali ce putem face este sa ne unim min 10 cazuri și sa le dam la S. I. C SERVICIUL DE INVESTIGARE CRIMINALISTICA ELECTRONICA. Acești brokeri sunt profesionalism dar fac și greșeli care pot fi de folos ca probe pentru politie.
      DACĂ CINEVA ARE O SOLUȚIE PENTRU RAMBURSAREA FONDURILOR DE PE METEORTRADE. CO sa ma contacteze dar nu ofer bani pentru rezolvarea cazului decât la finalizare

  3. Was scammed by these unscrupulous idiots not through their trading platform but by trading in Bitcoin. Lost a total of USD15000. Please stay away from these people. Their names are (most likely not their real names) Mia Sanders and Adam Johnson. I hope karma catches up with them someday. I’m gonna leave as much negative review everywhere possible on the internet

    1. In my case the name mentioned was Ashley Henderson, Adam Johnson & William Wallace
      They have used Luno as as a platform

  4. Meteortrade works with Blockchain ?
    Yes that’s how it is! I’ve been robbed
    ——————
    Meteortrade trabaja con Blockchain ?
    Si es asi! Me han robado

  5. ATTENTION, they are crooks. They kept trying to get me to deposit and I didn’t want to. That Cristian Sava is a Moldovan grim. They only fooled me with 250.

  6. Yes 100% scammed me 500

  7. Fanny Luisa Romero Robinson

    The same thing happened to me with the Fraud Broker Marco Raine and his cronies Valerio Osborne, Daniel Habbah and the famous Blockchain.com totaling 12,400 euros. They said for bonding, sure and in the end they disappeared. I have a photo and passport of this Marco Raine! How do I upload it? I already filed the complaint
    ———————–
    A mi me paso lo mismo con el Broker estafador Marco Raine y susus compinches Valerio osborne, daniel Habbah y la famosa Blockchain.com en total 12400 euros. Decían para vinculación, seguro y al final desaparecieron. Yo tengo foto y pasaporte de éste Marco Raine ! Como hago para subirla ? Ya puse la denuncia

  8. The same thing happened to me, except that the broker I worked with was called Andrei Radu. Luckily for me, I didn’t deposit the amount that was supposed to unlock my funds. that money $ 2,500.
    ———————-
    La fel mi sa întâmplat și mie numai că brocherul cu care am lucrat se numea Andrei Radu.Spre norocul meu nu am mai depus suma care cică urma să-mi deblocheze fondurile.Noroc că mă luminat cumnatul meu sa nu plătesc altfel rămîne am și fără acei bani 2500$.

Leave a Reply

Your email address will not be published. Required fields are marked *