Wikilix
Contract reading

What METAGOLD legally published, but does not want you to read

Every clause below is published by METAGOLD itself, on its own website, today. The finding is not that the text exists. It is the distance between what a client is shown and what a client agreed to. Read from its own documents on . We have read it 3 times.

Contracting entity: METAGOLD LLC

sole discretionwithdrawalscomplaintshidden feelanguage arbitragebonus lockjurisdictionkyc freezeprofit voidingconflict of interest

MetaGold caps a withdrawal at one working day in its English and Hindi contracts. The Persian and Arabic versions of the same clause say a payout may take longer, with no limit. Those are the two languages it writes separate contracts in. MetaGold can also hold any withdrawal until the obstacle is resolved if a bank or a sanction gets in the way, and its contract lets a loss run past your balance into a debt it can demand from you.

Back to METAGOLD

Contract risk

Money at risk
8.8/10

Where this contract sitsHow far this contract goes, overall. Under 2 is nothing beyond the ordinary; 6 to 9 means several clauses put money you have already earned at risk; 9 and above reads as designed to make payout refusable.

0510
CriticalClauses that can cost you money you have already earned or deposited, or that remove your ability to challenge it.
12
FlaggedEvery clause worth knowing about, at all three severities. Ordinary terms that every broker has are not counted.
36
DocumentsHow many of the broker's own legal files this reading is based on. Each one was downloaded and hashed on the date shown.
27
ContradictionsPlaces where a promise the broker makes in public is not kept by the clause that governs it.
7

How the 36 break downThe same flagged clauses, split by how much each one can cost you. Severity is our reading of the clause, not the broker's label.

Critical12
Warning23
Notice1

section 20 of 20is where the deepest clause sits: the very end of the document it is in

The numbers in this contractFigures taken from this broker's own clauses, so the labels differ from broker to broker. The four in the panel above are the same on every report.

2 of these 4 figures come from a clause we rate critical, which means it can take your money or your profit rather than only delay it.

Critical1 working daysIn the contract. Jump to the clause this comes from.Withdrawal deadline exists in English and Hindi onlyCritical$100Withdrawal limit. Jump to the clause this comes from.Real minimum withdrawal is ten times the contract figure0.3%Fee you were not shown. Jump to the clause this comes from.Crypto withdrawal fee is 3% at the smallest size allowed$100Document deadline. Jump to the clause this comes from.Above $100 you must message an agent to get paid

What the documents say

36 clauses worth knowing about, worst first, each quoted from METAGOLD's own files

01

MetaGold promises to pay a withdrawal within one working day in its English and Hindi documents. The Persian and Arabic versions of the same clause tell you the payout may take longer than that, and set no limit at all.

Why this matters

Reading the Persian or Arabic contract, you never learn a deadline exists, so you have nothing to hold MetaGold to when a payout drags. Persian and Arabic are the two languages MetaGold writes separate contracts in.

Exhibit 1CriticalRarely seen1 working days

Withdrawal instructions execution time depends on the currency, payment method and time of instruction receipt, but shall not exceed one working day from the instruction receipt.
Clause 3.7 in TRANSFER AND WITHDRAWAL POLICY
Read from the broker's site on Open the reference
Set against a regulated standard: FCA (UK), CySEC (Cyprus)

Firms licensed by the FCA or CySEC must give retail clients terms that are clear, fair and not misleading, and that duty covers every language version they publish. MetaGold's English clause 3.7 caps a withdrawal at one working day. Its Persian and Arabic clause 3.7 says the payout may take more than one working day.

METAGOLD is not licensed by these regulators, so this is a comparison of practice, not a finding of any breach.

  • Worse together with Exhibit 3The deadline you cannot read in your own language can only be enforced through a complaint MetaGold requires in English, at your expense.
  • Worse together with Exhibit 2Even the English deadline gives way to a separate clause letting MetaGold hold a payout with no end date.
02

A banking problem, a sanction or trouble on the payment network lets MetaGold hold your withdrawal until the obstacle is resolved. No document says how long that can run.

Why this matters

Your money can sit with MetaGold for as long as the obstacle lasts and the contract is still being kept. MetaGold pays fiat withdrawals through PAYA, Iran's domestic bank settlement system, so a banking or sanctions problem is an everyday risk rather than a rare one.

Exhibit 2CriticalHarder than usual

In exceptional circumstances, such as banking issues, sanctions, or disruptions in the payment network, the Company reserves the right to delay withdrawals until the obstacle is resolved and will notify the client via email.
Clause 6.5 in TRANSFER AND WITHDRAWAL POLICY
Read from the broker's site on Open the reference
Our own capture of fxmetagold.com, taken on Oct 12, 2026Withdrawals can be held with no end date (clause 6.5)This capture shows the page the quotation was taken from. The words themselves are not marked in it, so please read the quotation above as the evidence.Visit this page on the broker's siteDownload the full size image file
Set against a regulated standard: FCA (UK), CySEC (Cyprus)

Firms licensed by the FCA or CySEC must hold client money so it can be returned promptly on request, and a payout cannot be parked indefinitely on the firm's own say-so. MetaGold's clause 6.5 lets it delay a withdrawal until the obstacle is resolved, with no outer limit and no appeal.

METAGOLD is not licensed by these regulators, so this is a comparison of practice, not a finding of any breach.

  • Worse together with Exhibit 3A delay with no end date cannot be appealed to anyone outside MetaGold, because the complaints policy offers no independent body.
03

Complaints have to reach MetaGold in English. Write in your own language and MetaGold accepts it, but you pay the translation costs yourself and the answer comes back in English.

Why this matters

You pay to be heard in a language you may not read, about money that is already yours. If the answer is no, the only escalation MetaGold offers is the same email address that just refused you.

Exhibit 3CriticalHarder than usual

Complaints must be submitted in English, being a language used by the Company to market its services or communicate with clients. If you provide your complaint in another language, we accept it, but all translation costs will be borne by complainant, and answer will be in English.
Clause Conditions for admissibility of complaints in Complaints Policy
Read from the broker's site on Open the reference
Our own capture of fxmetagold.com, taken on Oct 12, 2026Complain in English, pay the translator, appeal to the same inbox (clause Conditions for admissibility of complaints)This capture shows the page the quotation was taken from. The words themselves are not marked in it, so please read the quotation above as the evidence.Visit this page on the broker's siteDownload the full size image file
Set against a regulated standard: FCA (UK), CySEC (Cyprus)

Firms licensed by the FCA or CySEC must give a retail client free access to an independent complaints body, the Financial Ombudsman Service or the Financial Ombudsman of Cyprus, once the firm's own answer disappoints them. MetaGold's complaints policy names no body outside MetaGold, and its only escalation route is back to the same email address.

METAGOLD is not licensed by these regulators, so this is a comparison of practice, not a finding of any breach.

  • Worse together with Exhibit 6A promise about your money that appears only on a web page has no independent body you can take it to.
04

Market moves can take your account below zero, and MetaGold can then demand you pay the shortfall in. You get no negative balance protection, the feature that stops a loss going past what you deposited.

In plain words

Negative balance protection is a limit that stops you owing more than you put in. Without it, one fast market move can leave you owing the broker money on top of your deposit.

Why this matters

You can finish owing MetaGold money you never paid in. MetaGold can also take the shortfall out of your account first and ask you for the rest afterwards, without needing your authorisation.

Exhibit 4CriticalHarder than usual

the Company has the right to write off without further authorization from the client's trading account the amount of money sufficient for indemnification of the damage, and in case of insufficiency of the amount of money on the client's trading accounts for indemnification of the damage made, demand lacking money to be credited by the client to his/her/its trading account for indemnification of the damage
Clause Responsibility of the parties, 7 in Client Agreement
Read from the broker's site on Open the reference
Our own capture of fxmetagold.com, taken on Oct 12, 2026A loss can run past your balance into a debt (clause Responsibility of the parties, 7)This capture shows the page the quotation was taken from. The words themselves are not marked in it, so please read the quotation above as the evidence.Visit this page on the broker's siteDownload the full size image file
Set against a regulated standard: FCA (UK), CySEC (Cyprus), ASIC (Australia), ESMA (EU)

Firms licensed by the FCA, CySEC or ASIC must give retail clients negative balance protection on leveraged trades, so a loss can never exceed the money in the account. MetaGold's risk disclosure says the opposite, and its client agreement lets MetaGold demand the missing money from you.

METAGOLD is not licensed by these regulators, so this is a comparison of practice, not a finding of any breach.

  • Worse together with Exhibit 11The commodity loan creates the same debt by a second route, where a shortfall after your gold is sold becomes cash owed in three business days.
05

The contract says you can withdraw from USD 10. MetaGold's own payments page sets the minimum at 100 USDT for crypto, card and Perfect Money, and your withdrawal method has to match the way you paid in.

Why this matters

A balance under 100 USDT can be stranded. You cannot take it out by the method you deposited with, and the contract stops you switching to a bank transfer instead.

Exhibit 5CriticalHarder than usual$100

The minimum amount that can be withdrawn from your account at MetaGold is USD 10 or its fiat currency equivalent.
Clause 5.8 in General Terms and Conditions, p.2
Read from the broker's site on Open the reference
Our own capture of fxmetagold.com, taken on Oct 12, 2026The claim, on General Terms and Conditions, clause 5.8, on the terms pageVisit this page on the broker's siteDownload the full size image file
Our own capture of fxmetagold.com, taken on Oct 12, 2026What the contract says, clause Withdrawal Methods, Cryptocurrency, Minimum Withdrawal AmountThis capture shows the page the quotation was taken from. The words themselves are not marked in it, so please read the quotation above as the evidence.Visit this page on the broker's siteDownload the full size image file

Where it sits: section 8 of 20 in the General Terms and Conditions, 40% of the way through.

06

MetaGold's transparency page says it keeps your money in separate accounts from its own. No document you agree to mentions segregation, and the client agreement lets MetaGold seize funds under its control that belong to you.

Why this matters

A promise on a web page is not a term of your contract. MetaGold also says that balances with no trading activity sit in its own bank accounts, which is exactly where your money would be caught if the company failed.

Exhibit 6CriticalHarder than usual

MetaGold adheres to the principle of segregating client funds from the company's operational accounts; client funds are held in separate accounts, preventing any commingling with the company's operational resources.
Clause Segregation of client funds in Transparency Statement: Legal Identity, Regulatory Framework, and Clarification of the MetaGold Name
Read from the broker's site on Open the reference
Set against a regulated standard: FCA (UK), CySEC (Cyprus)

Firms licensed by the FCA or CySEC must hold retail client money in trust accounts separate from company funds, say so in the client agreement, and belong to a compensation scheme that pays out if the firm fails. MetaGold makes the promise on two marketing pages, in none of its thirteen legal documents, and names no compensation scheme anywhere.

METAGOLD is not licensed by these regulators, so this is a comparison of practice, not a finding of any breach.

  • Same clause as Exhibit 7The seizure clause is what makes the segregation promise hollow: money MetaGold describes as separate is money it may take at a figure it sets.

Profit, balance and the debt that can follow a loss

MetaGold can cancel trades it judges irrational, unusual or suspicious at its sole discretion, and no document defines those words. Where it decides your activity involves money laundering, it can seize funds it controls and set its own compensation figure. A loss can also pass your balance, and MetaGold can take the shortfall from your account and demand the rest from you.

Money already yours2 clauses flagged

If MetaGold decides your activity is linked to money laundering, it can withhold or seize any of your funds it controls. You then owe MetaGold its legal, reputational and financial losses, at a figure MetaGold calculates.

Why this matters

Nobody outside MetaGold checks the amount, and there is no cap on it. The judgement that triggers all of this can be MetaGold's own, before any authority has looked at your account.

Exhibit 7CriticalRarely seen

The client shall be liable for any legal, reputational, or financial losses incurred by the Company as a result of such unlawful actions, as determined and calculated by the Company .
Clause Money laundering, 3 in Client Agreement
Read from the broker's site on Open the reference

Trades MetaGold judges irrational, unusual or suspicious can be cancelled at its sole discretion. No document defines any of those three words.

Why this matters

A winning trade can be undone after it closes, and the test is MetaGold's opinion rather than a rule you could have followed. Trades outside what MetaGold calls the authorized ranges can be cancelled too.

Exhibit 8CriticalHarder than usual

In the event of detecting irrational, unusual, or suspicious trades, MetaGold reserves the right to cancel such trades at its sole discretion.
Clause 6.10 in General Terms and Conditions, p.3
Read from the broker's site on Open the reference
Our own capture of fxmetagold.com, taken on Oct 12, 2026Trades MetaGold calls irrational can be cancelled (clause 6.10)Visit this page on the broker's siteDownload the full size image file

Where it sits: section 9 of 20 in the General Terms and Conditions, 45% of the way through.

The promises change with the language you read them in

MetaGold caps a withdrawal at one working day in English and in Hindi, and the Persian and Arabic versions of that clause say a payout may take longer, with no limit. Its Persian page calls MetaGold supervised by international bodies while the English page does not. The slippage guarantee promises full compensation during market volatility, and the guarantee's own page excludes extreme or abnormal market volatility.

Language arbitrage3 clauses flagged

MetaGold's glossary page guarantees that any loss from negative slippage during market volatility will be fully compensated. Its own guarantee page then excludes extreme or abnormal market volatility, and pays only if MetaGold approves the case.

Why this matters

The conditions the promise names are the conditions the small print removes. You carry the slippage loss in exactly the fast market where you were told MetaGold would cover it.

Exhibit 12CriticalHarder than usual

MetaGold guarantees that any loss caused by negative slippage during market volatility will be fully compensated.
Clause Why MetaGold?, 5 in Glossary
Read from the broker's site on Open the reference

MetaGold's Persian page calls it a regulated broker under the supervision of international bodies. The English version of the same panel drops the supervision claim, and no document names a body you could turn to.

Why this matters

Supervision is the reason to trust a broker with your money, and the stronger claim appears in the language of the market MetaGold sells to hardest. Its complaints policy sends an unhappy client back to the same email address.

Exhibit 32WarningHarder than usual

If you are not satisfied with the response to your complaint, you have the option to escalate it further by contacting us through the same email address provided earlier and requesting for escalation.
Clause Further Escalation in Complaints Policy
Read from the broker's site on Open the reference
Our own capture of fxmetagold.com, taken on Oct 12, 2026The claim, on Persian glossary page, Why MetaGold? panel, item 8Visit this page on the broker's siteDownload the full size image file

MetaGold advertises support you can reach anytime, anywhere. The published support hours close on Saturday, start at 16:30 GMT on Sunday, and end at 20:30 GMT on weekdays.

Why this matters

Crypto markets trade through the weekend while MetaGold's support desk is shut. Withdrawals over $100 need you to reach an agent, so a closed desk is a closed payout.

Exhibit 33WarningStandard wording

Access the Support team anytime, anywhere. Our multilingual team is always just a click away.
Clause Why MetaGold?, 2 in Glossary
Read from the broker's site on Open the reference

Buried at section 20 of 20 in the Glossary, 100% of the way through.

Several timetables for your payout, and one clause that overrides them all

MetaGold can hold any withdrawal until the obstacle is resolved where a bank, a sanction or the payment network gets in the way, with no outer limit. It pays fiat withdrawals through PAYA, Iran's domestic settlement system, so that is an everyday risk. Its payments page also sets a 100 USDT minimum withdrawal on three of four methods, ten times the USD 10 the contract states, and locks you to the method you deposited with.

Exit conditions3 clauses flagged

If your loan account runs down, MetaGold sells the gold you pledged. Any gap left over is a cash debt you must pay by direct deposit within three business days, or MetaGold can take legal action.

Why this matters

The loan is sold as free of interest and fees, and it still ends in a personal debt with a three day clock on it. You get 48 hours' notice before the sale, and you must fund half the loan amount to stop it.

Exhibit 11CriticalHarder than usual3 working days

If the customer fails to provide sufficient funds (at least 50% of the loan amount) in the relevant trading account within a maximum period of 48 hours, MetaGold Broker shall be entitled, in accordance with the applicable terms and conditions, to settle the customer's outstanding debt from the related assets.
Clause 11.1.1 in Comprehensive Trading Loan Policy Based on Commodities, p.6
Read from the broker's site on Open the reference
Our own capture of fxmetagold.com, taken on Oct 12, 2026Gold loan shortfall becomes cash owed in three days (clause 11.1.1)This capture shows the page the quotation was taken from. The words themselves are not marked in it, so please read the quotation above as the evidence.Visit this page on the broker's siteDownload the full size image file

What happens, and when

The stages this clause runs through, taken from the broker's own document
TriggerWhat the broker may then doClause
Balance below 5% of the loanMetaGold notifies you that the trading account tied to the loan has fallen too low.11.1.1
Within 48 hoursYou must put at least half the loan amount into that account, or MetaGold settles the debt from your pledged assets.11.1.1
On settlementMetaGold sells all or part of your held gold at the live market rate.11.2.3
If the gold falls shortYou must pay the rest by direct deposit within three business days.11.3.1
If you do not payMetaGold can restrict your account, suspend services and pursue legal action.11.3.2

You can borrow up to 70% of your gold's value. The entire holding goes on hold, not the 70%, and while it is held you cannot withdraw it, convert it or transfer it.

Why this matters

The 30% you did not borrow against is frozen with the rest. Any withdrawal at all triggers settlement of the whole loan.

Exhibit 17WarningHarder than usual70%

The maximum amount requested shall be up to 70% of the total current USD value of the asset(s).
Clause 4.2.2 in Comprehensive Trading Loan Policy Based on Commodities, p.3
Read from the broker's site on Open the reference

Money you pay in by bank transfer cannot be withdrawn for up to 72 hours. Withdrawal requests are only processed in an eight hour window on weekdays, and not at all on Saturdays.

Why this matters

Deposit on a Thursday and the three day hold runs into a weekend when nothing is processed. MetaGold publishes three different timetables for the same thing, and the payments page says business days are Sunday to Friday while the contract says Monday to Friday.

Exhibit 18WarningStandard wording3 days

For fiat currencies deposits, withdrawals from the account will not be possible for up to 72 hours upon deposit.
Clause 5.6 in General Terms and Conditions, p.2
Read from the broker's site on Open the reference

Where it sits: section 7 of 20 in the General Terms and Conditions, 35% of the way through.

Every road out of a dispute leads back to MetaGold

MetaGold requires complaints in English, makes you pay the translation costs, and answers in English. If you are unhappy with the answer, the only escalation it offers is the same email address. Complain in public instead and MetaGold reserves the right to disclose what it holds about you, while its liability for an unauthorised transfer is capped at the fees you paid it over the previous 12 months.

Complaint route3 clauses flagged

Raise a claim against MetaGold on any publicly available resource, and MetaGold reserves the right to disclose the information it holds about you.

Why this matters

Posting a review or a public warning puts your own identity documents and account history at risk of being published in reply. That cost falls on you at the moment you go public.

Exhibit 10CriticalRarely seen

In the event of the client making a request against the Company via publicly available resources, the Company reserves the right to disclose obtained information about the client to fully and objectively review the situation .
Clause Confidentiality, 4 in Client Agreement
Read from the broker's site on Open the reference

If MetaGold moves your money without authorisation, its maximum liability is the total fees and commissions you paid it in the 12 months before the incident.

Why this matters

Lose $5,000 to an unauthorised transfer after paying $200 in fees, and the cap is $200. You also have only one month from the debit date to report a payment you did not make.

Exhibit 25WarningHarder than usual

The Company's maximum liability is limited to the total charges, fees or commissions generated for its services from the affected Client in the 12 months preceding the incident
Clause 6.3 in TRANSFER AND WITHDRAWAL POLICY
Read from the broker's site on Open the reference

A sponsorship request moves money from your trading account to an educational academy's account. The transfers are non-cancellable and non-refundable, and any later objection or claim is deemed invalid.

Why this matters

You give up the right to complain about the transfer at the moment you submit it. No document names the academy that receives your money or caps what it may charge.

Exhibit 31WarningRarely seen

Sponsorship requests are generally non-cancellable and non-refundable, except in exceptional cases where, at the broker's discretion and after documented review, a refund may be possible.
Clause 3 in Educational Sponsorship Policy
Read from the broker's site on Open the reference

A Georgian company and a Comoros company, joined by and/or

MetaGold's client agreement names two companies in its signature line, METAGOLD LLC in Georgia and METAGOLD LTD in the Comoros, and governing law follows whichever one is incorporated where. Only the Comoros company holds a brokerage licence. The agreement also says you cannot object that you failed to understand it, including because of your command of the language.

Who you signed with2 clauses flagged

Your contract is with a Georgian company and a Comoros company, joined by the words and/or. Governing law is the country where the company is incorporated, and there are two of those.

Why this matters

You cannot tell which company holds your money, which one you would sue, or whose courts would hear it. Only the Comoros company holds a brokerage licence; the Georgian one is a company registration that runs the website.

Exhibit 9CriticalRarely seen2

1) METAGOLD LLC, a company duly incorporated in Georgia, authorized by the Ministry of Justice of Georgia with reference number 404651248, being a brokerage company, and/or 2) METAGOLD LTD, a company duly incorporated in the Comoros Union (Mwali), registration No. HT01025110, holding a valid Brokerage License
Clause Opening paragraph in Client Agreement
Read from the broker's site on Open the reference
Our own capture of fxmetagold.com, taken on Oct 12, 2026Two companies sign, and neither is named as yours (clause Opening paragraph)This capture shows the page the quotation was taken from. The words themselves are not marked in it, so please read the quotation above as the evidence.Visit this page on the broker's siteDownload the full size image file

Once you accept the agreement, you cannot object to it on the grounds that you did not understand it, including because of your command of the language. English governs, and the English version wins any dispute about meaning.

Why this matters

The Persian version of the contract carries that waiver in Persian, so it tells you in your own language that your own language does not count. Hindi readers get translated text on the page and English files to download.

Exhibit 13WarningRarely seen

After this Agreement execution, the client cannot object it based on cases such as not knowing or not understanding the terms and conditions of the Agreement (due to language proficiency or lack of legal information and other cases) or other documents, information allocated on our website
Clause Statements and warranties of the client, A.6 in Client Agreement
Read from the broker's site on Open the reference

The costs that sit outside the contract

MetaGold's crypto withdrawal fee is 0.3% with a $3 minimum, which works out at 3% on the smallest withdrawal it allows, and it appears on a payments page rather than in any legal document. Deposits in rial convert at what the contract calls the exchange rate of the Company. Its fee free commodity loan requires a conversion first, and that conversion carries a 0.5% spread each way.

Cost disclosure3 clauses flagged

Crypto withdrawals cost 0.3% with a minimum of $3. The smallest crypto withdrawal MetaGold allows is 100 USDT, so the minimum fee bites on every withdrawal at that size.

Why this matters

At the smallest withdrawal MetaGold permits you pay 3%, ten times the headline rate. No legal document states this fee; the contract only says withdrawal fees vary by method.

Exhibit 14WarningStandard wording0.3%

0.3% – minimum $3
Clause Withdrawal Methods, Cryptocurrency, Fee in Deposit & Withdrawal Methods
Read from the broker's site on Open the reference

Where it sits: section 8 of 20 in the Deposit & Withdrawal Methods, 40% of the way through.

Set against a regulated standard: FCA (UK), CySEC (Cyprus)

Firms licensed by the FCA or CySEC must disclose costs and charges to a retail client before they trade, in the terms the client accepts. MetaGold's withdrawal fees appear on a payments page, and its General Terms only say that fees are determined by the method you select.

METAGOLD is not licensed by these regulators, so this is a comparison of practice, not a finding of any breach.

The payments page says every transaction converts at real-time exchange rates. The contract says MetaGold converts using the exchange rate of the Company, and the risk disclosure calls them MetaGold's internal exchange rates.

Why this matters

You deposit in rial or dirham and MetaGold decides what that is worth in dollars, twice, on the way in and on the way out. No document publishes the spread it takes.

Exhibit 15WarningHarder than usual

the transferred amount could be automatically converted to the currency of the trading account using exchange rate of the Company, and deposited in the Client's trading account
Clause 2.8 in TRANSFER AND WITHDRAWAL POLICY
Read from the broker's site on Open the reference

MetaGold's commodity loan charges no interest and no fees. To get one you must first turn your dollars into gold, and that conversion carries a 0.5% spread, charged again when the gold converts back.

Why this matters

The loan terms promise no charge under any title, while the step the same document makes compulsory takes 0.5% from you. Borrow and settle once and roughly 1% of the sum has gone.

Exhibit 16WarningHarder than usual0.5%

No additional amount, under any title including:
Clause 10.1.3 in Comprehensive Trading Loan Policy Based on Commodities, p.5
Read from the broker's site on Open the reference

A bonus you can lose for trading like a stranger

MetaGold can treat your trading as a violation if it closely mirrors another client's trades, in the same or the opposite direction, within a short timeframe. It can remove the bonus at any time, need not give the reasons, and its decision on any bonus dispute is final. Any withdrawal through MetaTrader removes the whole bonus, though profits made with it can still be withdrawn under the normal rules.

Bonus conditions2 clauses flagged

Your trading can be treated as a rule violation if it closely mirrors another client's trades, in the same or the opposite direction, within a short timeframe. MetaGold can then remove the bonus at any time and need not give you the reasons.

Why this matters

You cannot see what other clients are doing, so you cannot avoid matching them. Removing a bonus mid-position cuts the margin holding your trades open, and MetaGold says its decision on any bonus dispute is final and binding.

Exhibit 26WarningRarely seen

A client's trading volume may be considered a violation of general trading rules if it closely mirrors another client's trades in the same or opposite direction within a short timeframe.
Clause Trading Volume Requirements in Bonus and Promotion Terms
Read from the broker's site on Open the reference

Any withdrawal through MetaTrader, of your own deposit or of your profits, removes the active bonus completely. The bonus can also never exceed your account balance.

Why this matters

Taking out any part of your own money costs you the entire bonus, not a proportion of it. MetaGold does let you withdraw profits made with the bonus under its normal rules, which many brokers refuse.

Exhibit 27WarningStandard wording

Any withdrawal (either of the principal or trading profits) made through Meta Trader will result in the complete removal of the active Bonus.
Clause 10.5.2 in General Terms and Conditions, p.5
Read from the broker's site on Open the reference

Buried at section 15 of 20 in the General Terms and Conditions, 75% of the way through.

One connection, one account, and terms that change on upload

MetaGold allows one trading account per IP address, bans two clients sharing one, and lists closing all the accounts among its remedies. It can change the agreement whenever it thinks fit, and uploading the new file counts as your acceptance, while introducing brokers get three business days' notice of the same kind of change. Margin can rise without notice, and your positions can then be closed without your consent.

Control of your account4 clauses flagged

You may hold only one trading account per IP address, and two clients sharing an address is banned too. MetaGold may then close all the accounts involved and claim compensation for the damage.

Why this matters

Two people in one household, or anyone behind a shared mobile network, can breach this without doing anything wrong. The listed remedies include closing every account, not just the extra one.

Exhibit 21WarningHarder than usual1

Opening and using more than one trading account with the same IP address at the same time is strictly prohibited. Each client may have only one trading account per unique IP address.
Clause Procedure of Opening of Trading Account, 1 in Client Agreement
Read from the broker's site on Open the reference
  • Worse together with Exhibit 26Two people on one connection look like the coordinated trading the bonus terms treat as abuse, and each rule supplies evidence for the other.

MetaGold can change the agreement whenever it thinks fit. Uploading the new file to the website counts as your acceptance of it, with no notice period at all.

Why this matters

You are bound by terms you have never seen from the moment they appear online. Introducing brokers get three business days' warning of the same kind of change, and clients get none.

Exhibit 22WarningHarder than usual

Simultaneous uploading to the site for the customer constitutes submission and acceptance of all new or amended rules of the agreements
Clause Financial Tools, 6 in Client Agreement
Read from the broker's site on Open the reference
Set against a regulated standard: FCA (UK), CySEC (Cyprus)

Firms licensed by the FCA or CySEC must give a retail client advance notice of a change to their contract, so the client can object or leave before it takes effect. MetaGold's client agreement treats the upload itself as acceptance, while its own order execution policy promises notification in advance of material changes.

METAGOLD is not licensed by these regulators, so this is a comparison of practice, not a finding of any breach.

MetaGold can raise the margin you must hold at any time without telling you first, and says an earlier requirement does not limit the increase. It can then close any or all of your open positions without your consent or notice.

Why this matters

A requirement you cannot anticipate can put you in breach of it, and the remedy is your positions being closed at the market price. Leverage can be changed the same way, at MetaGold's sole and absolute discretion.

Exhibit 23WarningHarder than usual

The Company may change margin requirements at any time. No previous margin requirement by the Company shall prevent the Company from increasing that requirement without prior notice.
Clause 5.2 in Order Execution Policy
Read from the broker's site on Open the reference

If the introducing broker who referred you breaches MetaGold's instructions, MetaGold can close all or part of your positions. You never signed that agreement, and MetaGold excludes liability for the losses.

Why this matters

Someone else's behaviour can crystallise your open trades at the market price. The same document says MetaGold is not liable for any loss or damage arising from that closure.

Exhibit 24WarningRarely seen

in case if the Company considers it reasonable, to close all or part of the Clients' positions, referred by the Partner, if applicable. The Partner acknowledges and agrees that the Company shall not be liable for any losses or damages arising from such closure.
Clause 3.13 in Introducing Broker (IB) Agreement, p.2
Read from the broker's site on Open the reference

Getting verified, and getting paid, costs this client more

Withdrawals over USD 100 are released only after you notify a named support agent on WhatsApp or Telegram. Identity papers that are not in Latin characters need a notarised English translation you pay for, which falls on Iranian, Arabic and Indian clients and not on European ones. MetaGold also collects your photo, video and voice, and keeps account records for at least seven years after you close the account.

Verification cost3 clauses flagged

Withdrawals over USD 100 are only processed after final identity verification and after you notify your personal support agent on WhatsApp or Telegram.

Why this matters

Getting your own money out depends on reaching one person on a messaging app. No document says how long that agent has to answer you.

Exhibit 19WarningRarely seen$100

Withdrawals exceeding USD 100 are only processed after final identity verification and notification to the personal support agent via WhatsApp or Telegram.
Clause 10.3.1 in General Terms and Conditions, p.5
Read from the broker's site on Open the reference

Buried at section 15 of 20 in the General Terms and Conditions, 75% of the way through.

If your identity documents are not in Latin characters, MetaGold requires a notarised English translation to avoid delays in verification. You arrange it and you pay for it.

Why this matters

A notary costs money and time before you have traded anything. Iranian, Arabic and Indian clients carry a verification cost that a European client with a Latin-script passport never meets.

Exhibit 20WarningHarder than usual

in case the documents are written in non-Latin characters: to avoid delays in the verification process, it is necessary to provide a notarized translation of the document in English
Clause Individual clients in AML / CTF Policy, p.2
Read from the broker's site on Open the reference

MetaGold collects your photo, video and voice as biometric data, and keeps it as long as your other personal data. Account records are kept for at least seven years after you close the account.

Why this matters

Your face and voice stay with MetaGold for years after you leave. The privacy policy also allows sharing personal data with third parties in the marketing and advertising sectors.

Exhibit 34WarningHarder than usual

Photo, video, audio of personal data subject, other biometric identifiers and/or biometric information of personal data subject.
Clause Information Collected, Biometrics in Privacy Policy, p.2
Read from the broker's site on Archived copyOpen the reference

Where it sits: section 8 of 22 in the Privacy Policy, 36% of the way through.

MetaGold's own policy cannot say whether it is your agent or your counterparty

MetaGold's order execution policy says you deal not with MetaGold but with the wider market, then says you must close each position with the same counterparty you opened it with, namely MetaGold. Its income is a mark-up inside the price you are obliged to accept, with no figure published. The transparency page lists a conflict of interest policy among MetaGold's controls, and no such policy appears among its thirteen documents.

In plain words

On a principal basis, as your counterparty, means the broker takes the other side of your trade itself. Your loss is then the firm’s gain, so it has an interest in how your trade ends.

Whose side is the broker on3 clauses flagged

MetaGold's order execution policy says it acts as your agent and that you deal with the wider market rather than with MetaGold. Four clauses later it says you must close every position with the same counterparty you opened it with, namely MetaGold.

Why this matters

Whether MetaGold profits when you lose is the single most important thing to know about a broker, and its own policy answers that question both ways. No conflict of interest policy is published to settle it.

Exhibit 28WarningHarder than usual

The Company will act the Client's agent (brokerage firm) when executing Orders. This means Client's will be dealing not directly with the Company, but with the wider market.
Clause 1.8 in Order Execution Policy
Read from the broker's site on Open the reference
  • Worse together with Exhibit 29If MetaGold is your counterparty, the mark-up it adds to the price is money it makes directly from the other side of your trade.

MetaGold adds a mark-up to the rates it takes from outside feed providers, and the marked-up rate you see is where its income comes from. You are obliged to accept the prices MetaGold quotes.

Why this matters

The cost is inside the price rather than on a fee line, so you cannot see what you paid. MetaGold's own server is the only valid price source, and the risk disclosure tells you the quotes in your own terminal are not reliable.

Exhibit 29WarningStandard wording

The Company adds a mark-up to the exchange rates from the third party reputable external resources (i.e. feed providers)
Clause 3.4.2 in Order Execution Policy
Read from the broker's site on Open the reference

Where it sits: section 6 of 20 in the General Terms and Conditions, 30% of the way through.

MetaGold's pricing section says no orders are rejected if you have enough margin. The same policy then lists thirteen grounds for refusing or cancelling an order, the last being other reasons that could occur.

Why this matters

The promise is in the part of the document that sells the service and the exceptions are in the part that governs it. A ground worded as other reasons cannot be ruled out in advance.

Exhibit 30WarningHarder than usual

No Orders are rejected, provided Client has sufficient margin in Client's trading account, and provided that the trade falls within certain requirements set when the Order request is submitted by Client.
Clause 3.4.1 c in Order Execution Policy
Read from the broker's site on Open the reference

One Comoros licence, a rial deposit rail, and no scheme to claim from

MetaGold's only brokerage licence is number BFX2025136 from the Mwali International Services Authority in the Comoros; the Georgian entity is a company registration that runs the website. MetaGold takes deposits in Iranian rial and writes the consequences of not being permitted to contract onto the client. Its own transparency page explains that clients of an unauthorised firm get no ombudsman and no compensation scheme, and it names neither for itself.

Supervision and market2 clauses flagged

MetaGold takes deposits in Iranian rial and pays fiat withdrawals through PAYA, Iran's domestic settlement system. If you turn out not to be permitted to enter the agreement, the contract says you are at fault and must pay MetaGold's losses.

Why this matters

The sanctions risk of serving this market sits with you, not with MetaGold. Its own contract bars corporate clients from countries subject to international sanctions, while its deposit page lists rial first.

Exhibit 35WarningHarder than usual

IRR (Rial), USD, AED, RUB, CNY, TRY, IQD, KWD, etc.
Clause Deposit Methods, Fiat in Deposit & Withdrawal Methods
Read from the broker's site on Open the reference

MetaGold's only brokerage licence is number BFX2025136 from the Mwali International Services Authority in the Comoros. The Georgian company is a company registration at the Ministry of Justice and runs the website.

Why this matters

MetaGold explains on its own transparency page what dealing with an unauthorised firm means: no Financial Ombudsman Service and no compensation scheme. It names no ombudsman and no scheme of its own anywhere in thirteen documents.

Exhibit 36NoticeStandard wording

It complies with all legal requirements for incorporation and operation under the International Business Companies Act, with registration number HT01025110, and holds a valid brokerage license BFX2025136 issued by M.I.S.A.
Clause What regulatory framework does MetaGold operate under? in MetaGold Regulations and Legal Licenses
Read from the broker's site on Open the reference

Where the marketing and the contract disagree

A promise made in public, set against the clause that governs it

01

The English clause caps a withdrawal at one working day and the Persian version of the same clause says it may take longer, with no limit.

Said in public, in English

Withdrawal instructions execution time depends on the currency, payment method and time of instruction receipt, but shall not exceed one working day from the instruction receipt.

Transfer and Withdrawal Policy, clause 3.7, English version on the terms page

In the contract · clause ۳.۷

زمان اجرای دستور برداشت بسته به نوع ارز، روش پرداخت و زمان دریافت دستور متفاوت است، ممکن است بیش از یک روز کاری از زمان دریافت دستور برداشت به طول انجامد.

02

The Arabic version of the withdrawal clause drops the one working day cap in the same way the Persian one does.

Said in public, in English

Withdrawal instructions execution time depends on the currency, payment method and time of instruction receipt, but shall not exceed one working day from the instruction receipt.

Transfer and Withdrawal Policy, clause 3.7, English version on the terms page

In the contract · clause ۳.۷

يختلف وقت تنفيذ طلب السحب حسب نوع العملة وطريقة الدفع ووقت تلقي الطلب، وقد يستغرق أكثر من يوم عمل من وقت استلام طلب السحب.

03

The page says your money is held apart from the company's, and the contract lets the company seize funds under its control that belong to you.

Said in public, in English

MetaGold adheres to the principle of segregating client funds from the company's operational accounts; client funds are held in separate accounts, preventing any commingling with the company's operational resources.

Transparency Statement, Segregation of client funds

In the contract · clause Money laundering, 3

In such case, the Company reserves the right to withhold or seize any funds under its control belonging to the client.

04

Marketing guarantees full compensation for slippage during volatility, and the contract excludes liability for losses caused by severe market fluctuations.

Said in public, in English

MetaGold guarantees that any loss caused by negative slippage during market volatility will be fully compensated.

Why MetaGold? panel, item 5, on the glossary page

In the contract · clause Special conditions of responsibility of the company and the client, 2

The Company will not be liable for any loss, damage or non-receipt of lost profits and business opportunities due to possible severe market fluctuations, trading platform work interruption, which occurs outside of the Company's comfort .

05

The Persian page claims supervision by international bodies, and the complaints policy offers no body outside MetaGold to escalate to.

Said in public, in Persian

متاگلد به‌عنوان یک بروکر رگوله شده و تحت نظارت نهادهای بین‌المللی، محیطی امن برای معاملات فراهم کرده و با استفاده از فناوری‌های امنیتی پیشرفته از داده‌ها و دارایی‌های شما محافظت می‌کند.

Word for word in English: MetaGold, as a regulated broker and under the supervision of international bodies, has provided a secure environment for trading, and it protects your data and assets using advanced security technologies.

Persian glossary page, Why MetaGold? panel, item 8

We took a picture of this page. It is shown once, with the finding it belongs to. See our capture of fxmetagold.com

In the contract · clause Further Escalation

If you are not satisfied with the response to your complaint, you have the option to escalate it further by contacting us through the same email address provided earlier and requesting for escalation.

06

The contract sets the minimum withdrawal at USD 10 and the payments page sets it at 100 USDT for crypto, card and Perfect Money.

Said in public, in English

The minimum amount that can be withdrawn from your account at MetaGold is USD 10 or its fiat currency equivalent.

General Terms and Conditions, clause 5.8, on the terms page

We took a picture of this page. It is shown once, with the finding it belongs to. See our capture of fxmetagold.com

In the contract · clause Withdrawal Methods, Cryptocurrency, Minimum Withdrawal Amount

Equivalent to 100 USDT

We took a picture of this page. It is shown once, with the finding it belongs to. See our capture of fxmetagold.com

07

Support is advertised as available at any time and the published hours close it all day Saturday.

Said in public, in English

Access the Support team anytime, anywhere. Our multilingual team is always just a click away.

Why MetaGold? panel, item 2, on the glossary page

In the contract · clause 14.3

Saturday: Closed

The documents this reading is based on

27 files, all published by METAGOLD. Each shows when we read it and a fingerprint of its wording.

WIKILIX keeps the copy of each file it read, and does not republish it: what is published is the fingerprint of its wording. Download the file yourself and hash its text, lowercased with runs of whitespace collapsed, and a matching fingerprint means the wording quoted above is still the wording METAGOLD publishes.

How this reading was done

Every clause above was read out of a document METAGOLD publishes itself

This reading was published on . It is the newest of 3 readings we keep of these documents. See every reading.

Documents
17 of 27downloaded from the broker's site, and 17 read in full
Pages opened
78pages walked to find those documents, footer links included
Older copies
16earlier versions downloaded
Marketing pages
11public pages set against what the contract says
Languages
AR vs EN vs FAthe language it advertises in, against the language it contracts in
Position measured
9clauses whose position was counted: which numbered section of the document holds them, out of how many

Who the contract is with

METAGOLD LLC

Your contract is with METAGOLD LLC in Georgia and METAGOLD LTD in the Comoros Union, joined in the opening line by 'and/or', so neither one is named as yours. MetaGold calls this a 'dual-entity framework' on its regulation page. Only the Comoros company holds a brokerage licence, number BFX2025136 from the Mwali International Services Authority. The Georgian company is a company registration at the Ministry of Justice, number 404651248, and it runs the website. The partner agreement names METAGOLD LLC alone, so introducing brokers are told which company they deal with and clients are not.

Quotations are copied verbatim from the documents named above, with the clause number and the page each one came from. Where a clause is quoted in another language, the original is shown first and the English is a translation.

The plain-language parts, what a clause means for a client, how ordinary it is, and how it reads against a regulated standard, are WIKILIX's analysis and are labelled as such on every card. This is a reading of public documents, not legal advice and not an allegation of wrongdoing.

Every time we have read this contract

We keep 3 readings of METAGOLD’s documents, newest first. Each one shows what we said at the time.

3 readings

What changed since Sep 15, 2026

The counts below are about our own list of clauses. A clause can join it because the broker added it, or because this reading found something the last one missed.

New on our list
15 clauses
Off our list
10 clauses
We rate critical
12 now, 13 then
Our risk score
8.7 to 8.8 out of 10

Nothing moved. Every document MetaGold published at the previous review is still there unchanged, in English and in Persian, including the complaints policy and the order execution policy. This review adds findings not reported before. MetaGold's own payments page sets the minimum withdrawal at 100 USDT for card, crypto and Perfect Money, ten times the USD 10 the contract states, and your withdrawal method is locked to how you paid in. The Arabic contract drops the one working day withdrawal cap exactly as the Persian one does, so two marketed languages now show the same gap rather than one. The risk score moves from 8.7 to 8.8 on those two findings.

The counts above are the totals each reading published. They show that a total moved. They do not yet say which single clause was added or dropped.

  1. CurrentRisk 8.8/1036 clauses12 critical
  2. Risk 8.7/1031 clauses13 criticalReplaced
  3. Risk 8.5/1027 clauses12 criticalReplaced

We keep every past reading so you can check what we said before, and when we said it. Those pages are archived snapshots of an older contract, so search engines are asked not to index them.

In fairness, and what we could not check

A reader who knows the edges of the work can trust the middle of it

MetaGold publishes a complete legal set, thirteen documents, and renders the full text of each one on the page instead of hiding it in a download. It does the same in Persian and Arabic, and the Hindi page carries translated text as well. Three terms are better than most rivals offer. Positive slippage stays with you: the slippage page says MetaGold does not deduct it from your account. The commodity trading loan charges no interest, no fees and no penalty for early settlement. Bonus profits can be withdrawn under the normal withdrawal rules, which many brokers forbid outright. No document charges an inactivity or dormancy fee, and nothing lets MetaGold absorb an idle balance. The risk disclosure runs to 24 numbered items and is specific about stop out, leverage and quote failure. MetaGold also answers the FCA warning against the similarly named MetaGold Capital head on, on its own transparency page, rather than staying quiet about it.

This review covers all twelve English documents. Four of them would not open as text, so their wording comes from MetaGold's own terms page: the complaints policy, the order execution policy, the bonus terms and the educational sponsorship policy. Every quotation from those four comes from that page and matches it exactly. MetaGold also publishes a full Persian set of fourteen documents and a full Arabic set of eleven. In those two sets, the review covers only the clauses compared with the English: the withdrawal timing clause in both languages, and the language and governing-law clauses in the Persian client agreement. The rest of either set is not covered. The Arabic documents are dated June 2026 and we had not read any of them before. The Persian files are unchanged since the previous review.

How to check any of this yourself

Every quote above links to the METAGOLD file it came from. This is what to do with it.

Open the three stepsFind the words in the source, work out the fingerprint, and read what a difference does and does not prove.

Open the source and search for the words

Every quote has a link under it. Open the file, or the web page, and search it for the words we quote. The clause number next to the quote tells you where to look.

If the words are not there any more, the source may have changed after we read it. That is worth knowing too. We keep the date we read it, and a code worked out from its wording, so the quote stays checkable.

What a fingerprint is

A fingerprint is a code worked out from what a source says. Change one word and the code changes completely. We keep two codes for every file we read, and the panel on each source shows both.

The first is the code of the exact file we downloaded. The second is the code of its wording alone, with capital letters lowered and runs of spaces collapsed. When the same words are saved as a new file, the first code changes and the second one stays the same.

Only the first code can be worked out on your own computer. Save the file, then run one of these, putting the name of the file you saved where the example is. The panel on each source prints the command with that source's real file name already in it.

macOS or Linux:
  shasum -a 256 the-file-you-saved.pdf

Windows:
  certutil -hashfile the-file-you-saved.pdf SHA256

The two codes are different from each other, and they are not meant to match. Comparing one against the other proves nothing.

What a difference means, and what it does not

A different file code on its own proves nothing. A PDF saved again with a new date inside it is a new file saying exactly the same thing.

A different wording code means the words themselves changed. That is the one that matters, and it is why we keep it.

Even then, a change is not proof of bad faith. Companies update their documents. What this report says is what the document said on the day we read it, and every quote carries that date.

A source that is a web page and not a file has no file to save, so only the code of its wording is shown.

How this report is made

Every clause quoted above comes from a document METAGOLD publishes on its own website, downloaded and hashed on the date shown, with the clause number and page recorded so any reader can check it. We do not allege anything the documents do not say, and we do not judge METAGOLD on anything other than its own published terms and its own public marketing. Where a clause has a qualifier that softens it, the report says so. Last read Oct 12, 2026.

If you represent METAGOLD and a clause has changed, been withdrawn, or is being read out of context, tell us and we will re-read the documents and update this page. Corrections from the broker are welcome and are published with the reading they change. Contact us.

This is a reading of a contract, not legal advice and not a ruling on METAGOLD. Whether its licence is real and current is a separate check on the broker profile.

What traders say about METAGOLD

Comments on METAGOLD are posted on its profile

Nobody has commented on METAGOLD yet. If you have traded with them, your experience helps the next reader decide.

Write the first comment
Back to the METAGOLD profile