This is an archived reading from Sep 14, 2026. It is not the current one, and METAGOLD may have changed these documents since.Read the current report

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Contract reading

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

Every clause below was published by METAGOLD itself, on its own website, on the day we read it. The finding is not that the text exists. It is the distance between what a client is shown and what a client agreed to. This is what they said on .

Contracting entity: METAGOLD LLC

withdrawalssole discretionkyc freezeforum waiverdeemed acceptancebonus lockcountry restrictionhidden feeprofit voidingcounterparty

MetaGold markets in Persian and contracts in English. Its client agreement says the English text wins and that you cannot object because you did not understand it. It can cancel trades it calls irrational, seize funds it decides are unlawful, and hold withdrawals over sanctions with no end date. Its deposit page says MetaGold charges no fee, while its Iranian deposit guide charges 4%.

Back to METAGOLD

Contract risk

Money at risk
8.5/10

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.
27
DocumentsHow many of the broker's own legal files this reading is based on. Each one was downloaded and hashed on the date shown.
23
ContradictionsPlaces where a promise the broker makes in public is not kept by the clause that governs it.
5

How the 27 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
Warning13
Notice2

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.

3 of these 3 figures come from a clause we rate critical, which means it can take your money or your profit rather than only delay it.

Critical1Account limit. Jump to the clause this comes from.One account per IP address, or MetaGold closes them allCritical4%Fee you were not shown. Jump to the clause this comes from.No fee, says the deposit page, next to a 4% feeCritical3 working daysWithdrawal limit. Jump to the clause this comes from.Loan shortfall becomes a cash debt in three working days

What the documents say

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

01

MetaGold sells to you in Persian and contracts with you in English. The agreement says the English version wins any dispute about meaning, and that once you have signed you cannot object because you did not understand it.

Why this matters

You are bound by a document you were never expected to read. If the Persian translation says one thing and the English says another, the English decides, and clause A.6 has already removed the argument that you read the wrong one.

Exhibit 1CriticalRarely 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)
Clause Statements and warranties of the client, A.6 in Client Agreement
Read from the broker's site on Open the reference
Our own capture of fxmetagold.com, taken on Sep 14, 2026English wins, and you cannot say you did not understand (clause Statements and warranties of the client, A.6)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 and CySEC must communicate with a retail client in a way that is fair, clear and not misleading. MetaGold makes the language the client does not read the one that governs.

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

Our readingAn English-prevails clause is ordinary in cross-border contracts. Pairing it with a bar on ever objecting on grounds of language proficiency is not. Together they close the only route a non-English reader has to challenge a translation, in a document set where the two versions really do differ.

  • Worse together with Exhibit 7The Persian and English versions of withdrawal clause 3.7 say opposite things, and this clause decides which counts.
02

You may hold only one trading account per internet connection. If two people use MetaGold from the same connection, clause 3 lets MetaGold close all the accounts involved, at its sole discretion.

Why this matters

A partner or flatmate trading from your home wifi puts your account in breach, and you never agreed to anything they did. MetaGold records the addresses you connect from, so it does not need a complaint to act.

Exhibit 2CriticalHarder 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. The use of a shared IP address by several different clients at the same time is also prohibited.
Clause Procedure of Opening of Trading Account, 1 in Client Agreement
Read from the broker's site on Open the reference
Our own capture of fxmetagold.com, taken on Sep 14, 2026One account per IP address, or MetaGold closes them all (clause Procedure of Opening of Trading Account, 1)Visit this page on the broker's siteDownload the full size image file

Our readingBrokers commonly ban one person holding many accounts. Tying the limit to the network address rather than the person catches households, offices and shared mobile connections, where many users legitimately share one address.

03

MetaGold can cancel your trades whenever it decides they were irrational, unusual, or suspicious. Clause 6.10 sets no test for any of those three words and gives the decision to MetaGold alone.

Why this matters

A profitable run can be reversed after the fact because someone at MetaGold judged it unusual. You have no definition to argue against and nobody above them to appeal to.

Exhibit 3CriticalHarder 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 Sep 14, 2026Trades cancelled for being called irrational (clause 6.10)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.

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

Firms licensed by the FCA and CySEC must publish an order execution policy and treat clients fairly when cancelling a trade. MetaGold's agreement refers to an Orders Execution Policy that is not published anywhere on its site.

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

Our readingCancelling trades for proven market abuse is standard. Cancelling them for being irrational or unusual, with no definition of either and no independent review, is far wider than the usual wording.

  • Worse together with Exhibit 16MetaGold decides whether a trade was irrational, and its own server is the only price record the contract accepts.
04

MetaGold can delay your withdrawal until an obstacle is resolved, and clause 6.5 names sanctions as one of those obstacles. No outer limit is set and nothing says what happens if the obstacle never clears.

Why this matters

MetaGold builds Rial deposits and a dedicated payment route for Iranian clients, then reserves the right to stop paying them out when sanctions get in the way. Your money stays where it is and an email is all you are promised.

Exhibit 4CriticalRarely seen

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, p.4
Read from the broker's site on Open the reference
Our own capture of fxmetagold.com, taken on Sep 14, 2026Withdrawals held for sanctions, with no end date (clause 6.5)Visit this page on the broker's siteDownload the full size image file

Our readingPayment policies normally give a delay a maximum length or a remedy. This one ties the delay to an event outside anyone's control and names sanctions, in a contract sold hardest to clients in the most heavily sanctioned country in the world.

  • Worse together with Exhibit 6The same contract that may hold your payout over sanctions also says you are at fault if you were not allowed to sign it.
05

MetaGold's deposit page states that MetaGold charges no fee of its own. Its Iranian deposit guide then charges 4% on the instant payment gateway, and the same table lists a 0.3% crypto withdrawal fee. Neither figure is in any of the 23 legal documents.

Why this matters

You pick the instant gateway because the page told you MetaGold takes nothing, and 4% of your deposit is gone before your first trade. There is no fee schedule in the contract to check it against.

Exhibit 5CriticalHarder than usual4%

All costs related to depositing funds by the Client that can be charged by the payment providers will be borne by the Client.
Clause 2.5 in Transfer and Withdrawal Policy, p.2
Read from the broker's site on Open the reference
Our own capture of fxmetagold.com, taken on Sep 14, 2026The claim, on Persian deposit and withdrawal page, under the important rules and usage requirements headingVisit this page on the broker's siteDownload the full size image file
Our own capture of fxmetagold.com, taken on Sep 14, 2026What the contract says, clause 2.5Visit this page on the broker's siteDownload the full size image file

What it costsA $1,000 deposit through the instant gateway reaches your account as $960. Take it out in crypto at 0.3% and about $37 of the round trip has gone in fees the contract never mentions.

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

Firms licensed by the FCA and CySEC must disclose all costs and charges to a retail client before that client trades. MetaGold's payment policy names no figure at all and puts payment provider costs on you.

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

Our readingDeposit fees are common. Publishing a flat statement that the broker charges nothing, on the page a depositor is sent to, while a percentage fee lives on a tutorial page in another section, is what makes this unusual.

06

The client agreement is made by METAGOLD LLC in Georgia and METAGOLD LTD in the Comoros Union, and calls both of them the Company. Governing law is then the law of the Company's country of incorporation, which leaves two countries and no way to tell which applies to you.

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.

Why this matters

To sue, you have to know who you signed with and where. This contract does not tell you, and it also says that if you were never allowed to sign it, that is your fault and you owe MetaGold the losses.

Exhibit 6CriticalRarely seen

This Agreement is executed and governed by law of the Company's country of incorporation.
Clause Applicable laws, disputes settlement, 1 in Client Agreement
Read from the broker's site on Open the reference
Our own capture of fxmetagold.com, taken on Sep 14, 2026Two companies sign, and neither is named as yours (clause Applicable laws, disputes settlement, 1)Visit this page on the broker's siteDownload the full size image file
Set against a regulated standard: FCA (UK), CySEC (Cyprus), ASIC (Australia)

Firms licensed by the FCA, CySEC and ASIC must tell a retail client which legal entity they are dealing with and how to complain to it. MetaGold names two companies in two countries and never resolves which is yours.

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

Our readingGroups with several entities normally allocate clients between them by residence, and say so. Defining both companies as the same contracting party leaves the governing law, the courts and the counterparty all undetermined by the document itself.

MetaGold can cancel the trades and take the balance

Clause 6.10 lets MetaGold cancel any trade it calls irrational, unusual or suspicious, with no definition and no appeal. If it decides your activity was unlawful it can seize your funds and calculate its own damages. The risk disclosure also warns that losses can exceed your balance, and the agreement lets MetaGold demand you pay the difference.

Your balance2 clauses flagged

If MetaGold decides your activity is unlawful, it can end the agreement immediately and withhold or seize any of your funds it holds. It then calculates what you owe it for legal, reputational and financial losses.

Why this matters

MetaGold does not need a court or a regulator to reach this conclusion, and the bill it sends itself is not capped by anything in the contract. Your deposit and your profit are both inside its reach.

Exhibit 10CriticalHarder than usual

In such case, the Company reserves the right to withhold or seize any funds under its control belonging to the client. 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
Our own capture of fxmetagold.com, taken on Sep 14, 2026MetaGold can seize funds and set the amount itself (clause Money laundering, 3)Visit this page on the broker's siteDownload the full size image file

Our readingEvery broker can freeze an account over money laundering suspicions. Letting the same firm decide the breach, seize the funds, and calculate its own reputational damages leaves no step for anyone else to check.

  • Same clause as Exhibit 3One route cancels the trades and the other takes the balance, and MetaGold makes the finding in both.

The risk disclosure states that market conditions may leave you owing more than the money in your account. The client agreement then lets MetaGold demand you pay the shortfall in.

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

A gap in the market can take you below zero and MetaGold can ask you for the difference. Most brokers serving retail clients write that shortfall off instead.

Exhibit 11CriticalHarder than usual

Furthermore, market conditions may result in losses exceeding the remaining balance in the Client's Trading Account.
Clause 4 in Risk Disclosure Statement, p.1
Read from the broker's site on Open the reference
Our own capture of fxmetagold.com, taken on Sep 14, 2026Losses can run past your balance and become a debt (clause 4)Visit this page on the broker's siteDownload the full size image file
Set against a regulated standard: ESMA (EU), FCA (UK), CySEC (Cyprus), ASIC (Australia)

Firms licensed under ESMA rules and by the FCA, CySEC and ASIC must give retail clients negative balance protection, so a client can never lose more than the money in the account. MetaGold's documents say the opposite can happen.

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

Our readingOffshore brokers routinely omit negative balance protection. Going further and giving the firm an express right to demand the shortfall be credited turns a trading loss into a debt it can pursue.

The contract is in a language MetaGold did not sell you in

MetaGold's client agreement says the English version prevails and that you cannot object on the grounds that you did not understand it. Complain in public and it may disclose your file. Complain in private and clause 6.3 caps what MetaGold can owe you at the fees it already charged you, with a one month deadline to report a wrong withdrawal.

Language arbitrage3 clauses flagged

If you raise a claim against MetaGold on any publicly available platform, the confidentiality clause lets MetaGold disclose the information it holds about you, to review the situation as it puts it.

Why this matters

The only real pressure an unlicensed broker responds to is a public complaint, and this clause answers it with your own identity documents and account history. Knowing that is usually enough to stop the complaint.

Exhibit 8CriticalRarely 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
Our own capture of fxmetagold.com, taken on Sep 14, 2026Complain in public and MetaGold may publish your file (clause Confidentiality, 4)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 and CySEC must give retail clients a complaints procedure and access to an independent ombudsman. No complaints procedure is published anywhere in MetaGold's document set.

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

Our readingConfidentiality clauses normally carve out disclosure to regulators and courts. Carving out disclosure triggered by the client speaking publicly turns a privacy promise into a deterrent against complaining.

  • Worse together with Exhibit 9Going public carries this risk, and going private runs into a liability cap set at the fees you have paid.

Whatever MetaGold does wrong, clause 6.3 caps what it can owe you at the total fees and commissions it charged you over the preceding year. You also have a short window to report a withdrawal that was wrong or was not yours.

Why this matters

If MetaGold sends your balance to the wrong place, the most you can recover is what you paid it, not what you lost. A light trader who paid little in fees can recover almost nothing.

Exhibit 9CriticalHarder than usual

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, p.4
Read from the broker's site on Open the reference
Our own capture of fxmetagold.com, taken on Sep 14, 2026Liability capped at the fees you have already paid (clause 6.3)Visit this page on the broker's siteDownload the full size image file

What it costsYou pay $40 in commissions over a year and lose $8,000 to an incorrectly executed transfer. Clause 6.3 caps MetaGold's liability at $40.

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

Firms licensed by the FCA and CySEC must refund an unauthorised payment from a retail client's account in full, and cannot cap that refund at the fees the client paid.

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

Our readingLiability caps are standard. Setting the cap at the fees the client paid, rather than at the amount of the mishandled transfer, means it falls as the client trades less and can sit far below the sum at stake.

What happens, and when

The stages this clause runs through, taken from the broker's own document
TriggerWhat the broker may then doClause
You notice a wrong or unauthorised withdrawalTell MetaGold without delay through a channel listed on its website.6.1
One month after the debit dateClause 6.1 stops MetaGold having to put the transfer right at all.6.1
If MetaGold does payClause 6.3 caps the payment at the fees it charged you in the last 12 months.6.3

Sponsorship transfers move money from your trading account to a training academy. They are non-cancellable and non-refundable, and the one-page policy says any later objection or claim is invalid.

Why this matters

Once the transfer is submitted, the course fee has left your account for good unless MetaGold chooses otherwise. You give up the right to complain about it in the act of asking.

Exhibit 22NoticeHarder than usual

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 Sponsorship and Educational Services Policy, p.1
Read from the broker's site on Open the reference

Our readingNon-refundable course fees are ordinary. Writing into the policy that any subsequent objection is deemed invalid removes the dispute rather than resolving it, in a document of a single page.

Three site-wide promises the documents do not keep

MetaGold advertises 24-hour support while clause 14.3 closes support all day Saturday. It advertises full compensation for negative slippage during volatility while its own conditions exclude severe and abnormal volatility. It advertises independence from unsupervised offshore zones while its only brokerage licence sits in Mwali, Comoros.

Promise versus contract3 clauses flagged

MetaGold's Persian About page lists independence from unsupervised offshore zones as a structural advantage. The only brokerage licence it holds is issued in the autonomous island of Mwali, in the Comoros Union, to the company that co-signs your contract.

Why this matters

The claim tells you an offshore licence is what other brokers rely on, not this one. Your counterparty may be the Comoros company, and no regulator named anywhere in the document set supervises the trading you do.

Exhibit 23CriticalHarder than usual

METAGOLD LTD, a company duly incorporated in the Comoros Union (Mwali), registration No. HT01025110, holding a valid
Clause Opening paragraph, 2 in Client Agreement
Read from the broker's site on Open the reference
Our own capture of fxmetagold.com, taken on Sep 14, 2026The claim, on Persian About page, listed as a structural advantage of MetaGoldVisit this page on the broker's siteDownload the full size image file
Our own capture of fxmetagold.com, taken on Sep 14, 2026What the contract says, clause Opening paragraph, 2Visit this page on the broker's siteDownload the full size image file
Set against a regulated standard: FCA (UK), CySEC (Cyprus), ASIC (Australia)

Firms licensed by the FCA, CySEC and ASIC must name their regulator and licence number in client communications and must not imply supervision they do not have. MetaGold's marketing describes a Georgian company registration as direct supervision by the Ministry of Justice.

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

Our readingOffshore licensing is common among brokers of this type. Advertising freedom from it on the same site that documents it is a claim contradicted by MetaGold's own regulation page.

  • Worse together with Exhibit 6The offshore entity you are told is not involved is one of the two companies that could be your counterparty.

MetaGold advertises support available any time and anywhere. Clause 14.3 gives support hours of 04:30 to 20:30 GMT on weekdays, nothing on Saturday, and a Sunday start at 16:30 GMT.

Why this matters

Support is the route to a bonus, an internal transfer and any withdrawal above $100 at this broker. If a position goes wrong on a Saturday, nobody is there.

Exhibit 24WarningHarder than usual

Monday to Friday: 04:30 to 20:30 (GMT time)
Clause 14.3 in General Terms and Conditions, p.7
Read from the broker's site on Open the reference

Buried at section 20 of 20 in the General Terms and Conditions, 100% of the way through.

Our readingRound-the-clock support claims are everywhere in this industry. What raises this one is that MetaGold routes withdrawals and bonuses through a named support agent, so the closed day blocks account operations, not just questions.

  • Worse together with Exhibit 14Withdrawals above $100 need a message to a support agent, and on Saturday there is no agent to message.

MetaGold advertises that any loss from negative slippage during market volatility is fully compensated. Its own conditions page then excludes severe and abnormal market volatility, price gaps, and anything its technical team does not approve.

Why this matters

Slippage happens when markets move fast, which is the case the conditions take out. MetaGold decides every claim itself, using the price feed its risk disclosure names as the only reliable one.

Exhibit 25WarningHarder than usual

When placing limit orders such as stop-loss does not guarantee that losses will be limited to the specified amounts, as certain market conditions or some external factors may disrupt the execution of such orders.
Clause 9 in Risk Disclosure Statement, p.1
Read from the broker's site on Open the reference
Our own capture of fxmetagold.com, taken on Sep 14, 2026The claim, on Why MetaGold block, item 5, shown site-wide in PersianVisit this page on the broker's siteDownload the full size image file
Our own capture of fxmetagold.com, taken on Sep 14, 2026What the contract says, clause Responsibility of the parties, 4Visit this page on the broker's siteDownload the full size image file

Our readingA slippage guarantee is a genuine and uncommon offer, and MetaGold does publish its exclusions. The gap is between the one-line promise repeated on every page and the carve-out for exactly the conditions that produce slippage.

  • Only applies after Exhibit 16The guarantee is settled on MetaGold's own price feed, which the contract makes the only record that counts.

Every payout runs through a person, a deadline and a discretion

MetaGold can delay a withdrawal over sanctions until the obstacle is resolved, with no outer limit. Anything above $100 needs full identity checks and a message to a support agent on WhatsApp or Telegram. Bank deposits are locked for three days, and the three published answers on how long a withdrawal takes range from one working day to three.

Getting paid4 clauses flagged

If your collateral does not cover what you borrowed, you must pay the rest by direct deposit within three working days. Miss it and MetaGold can restrict your account, suspend services and take legal action.

Why this matters

A losing month on borrowed credit stops being a trading loss and becomes money you owe MetaGold personally, due in three working days, after your gold has already been sold to cover part of it.

Exhibit 12CriticalRarely seen3 working days

If the value of the held commodity collateral is not sufficient to fully settle the loan principal, the Client undertakes to settle the remaining debt within a maximum of three (3) business days through direct deposit.
Clause 11.3.1 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 Sep 14, 2026Loan shortfall becomes a cash debt in three working days (clause 11.3.1)Visit this page on the broker's siteDownload the full size image file

Buried at section 36 of 40 in the Comprehensive Trading Loan Policy Based on Commodities, 90% of the way through.

Set against a regulated standard: ESMA (EU), FCA (UK)

Firms licensed under ESMA rules and by the FCA must cap a retail client's loss at the money in the account. This policy pursues the client for the balance after the collateral is sold.

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

Our readingRetail trading credit is normally limited to the collateral, so the worst case is losing it. Full recourse against the client for the shortfall, backed by a threat of legal action, belongs to commercial lending rather than retail trading.

What happens, and when

The stages this clause runs through, taken from the broker's own document
TriggerWhat the broker may then doClause
Loan activatedYour whole commodity holding is locked: not withdrawable, not convertible, not transferable.4.4.2
Balance falls below 5% of the loanMetaGold notifies you that the account is short.11.1.1
48 hours laterIf you have not put in at least half the loan amount, MetaGold can settle the debt out of your assets.11.1.1
Collateral does not cover the loanYou must pay the remaining debt by direct deposit within three business days.11.3.1
  • Worse together with Exhibit 11Borrowed credit and no negative balance protection together mean one bad move can leave you owing money you never deposited.

The English withdrawal policy says a withdrawal shall not exceed one working day. The Persian version of the same clause 3.7 says it may take more than one working day. MetaGold's withdrawal page says two to three working days.

Why this matters

You cannot hold MetaGold to a deadline when its three published answers disagree, and the clause you would rely on is in the language you probably do not read.

Exhibit 7WarningRarely seen

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, p.3
Read from the broker's site on Open the reference
Our own capture of fxmetagold.com, taken on Sep 14, 2026The claim, on Persian deposit and withdrawal page, fiat withdrawal method cardVisit this page on the broker's siteDownload the full size image file
Our own capture of fxmetagold.com, taken on Sep 14, 2026What the contract says, clause 3.7Visit this page on the broker's siteDownload the full size image file

Our readingTranslations drift. A translation that removes the only hard deadline in a payment policy, while the contract says the English text prevails, turns a commitment into something the client cannot see.

  • Only applies after Exhibit 1Which version binds MetaGold is settled by the English-prevails clause, not by the one you were given.

Any withdrawal above $100 is processed only after full identity checks and after you notify your personal support agent on WhatsApp or Telegram. Moving money between your own MetaGold accounts needs the same message.

Why this matters

Getting your own money out depends on reaching one person on a chat app, not on a process that runs without them. The threshold matches the $100 minimum deposit, so it catches nearly every payout.

Exhibit 14WarningRarely 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 13 of 20 in the General Terms and Conditions, 65% of the way through.

Our readingVerification before a payout is standard. Requiring a message to a named individual on a consumer chat app, as a condition of processing, puts a manual gate in front of routine withdrawals and leaves no record inside the broker's own system.

After a bank deposit you cannot withdraw from the account for up to three days. Withdrawal requests are also processed for only eight hours a day on weekdays, and nothing moves on Saturday.

Why this matters

Money you paid in on a Friday may not be reachable until the middle of the next week, whatever the market does in between.

Exhibit 15WarningStandard 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.3
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.

A 4% deposit fee that is in no legal document

MetaGold's deposit page states that MetaGold charges no fee of its own. Its Iranian deposit guide charges 4% on the instant gateway, the same table lists a 0.3% crypto withdrawal fee, and the interest-free commodity loan is reached through a conversion carrying a 0.5% spread. None of these figures appears in any of the 23 legal documents.

Cost disclosure1 clause flagged

MetaGold's commodity loan charges no interest and no fee. To take it you must first convert your dollars into gold or another commodity, and that conversion carries a 0.5% fee built into the rate you are quoted.

Why this matters

You pay on the way in and again on the way out, so borrowing advertised as free costs you about 1% of the money you put up before a single trade.

Exhibit 13WarningHarder than usual0.5%

The quoted rate includes a 0.5% fee as a spread. Please make sure to check the quoted rate for each symbol in the panel before making a transaction.
Clause 3.2 in Terms and Conditions of the Base Invest Service, p.2
Read from the broker's site on Open the reference

Where it sits: section 13 of 40 in the Terms and Conditions of the Base Invest Service, 33% of the way through.

What it costsConverting $10,000 into gold costs $50 inside the quoted rate. Converting back after you settle costs about another $50, so the free loan has cost roughly $100.

Our readingA conversion spread is a normal way to price an exchange. Placing it inside the quoted rate, in a separate service document, while the loan policy states repeatedly that no fee of any kind is charged, is what hides it.

  • Only applies after Exhibit 12The conversion is not optional: you cannot reach the loan without first paying the spread.

The bonus is a reason not to withdraw

MetaGold offers 20% to 40% bonus credit on deposits above $100, and any withdrawal through MetaTrader removes the whole active bonus, whether you took out profit or your own deposit. The bonus also caps leverage, and activating it requires a message to a support agent on WhatsApp or Telegram.

Deposit credit1 clause flagged

Taking any money out through MetaTrader removes your active bonus completely, whether you withdrew profit or your own deposit. The bonus is worth 20% to 40% of what you paid in and it caps your leverage.

Why this matters

Every withdrawal costs you the credit you were trading on, so the bonus works as a reason not to take money out. MetaGold does publish this rule on its bonus page, which is more than most brokers do.

Exhibit 21WarningStandard 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 13 of 20 in the General Terms and Conditions, 65% of the way through.

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

MetaGold permits one trading account per IP address, and a shared connection can end with every account closed at its sole discretion. It can change the agreement whenever it likes, with publication on the website counting as your acceptance. If the partner who referred you breaches their own agreement, MetaGold can close your positions too.

Account rules2 clauses flagged

MetaGold can change the agreement whenever it thinks fit. Its only duty is to put the new version on the website, and that upload counts as your acceptance of every new or amended rule.

Why this matters

You are bound by terms you were never sent. To know what you agreed to, you would have to re-read 23 documents on a schedule nobody tells you.

Exhibit 17WarningHarder 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 and CySEC must give a retail client advance notice of a change to their terms and a chance to leave.

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

Our readingUnilateral amendment is common and a notice period with it is normal. Here there is no notice period at all: publication and acceptance happen in the same moment, while the partner agreement promises partners three business days.

If the introducing broker who referred you breaks MetaGold's instructions, clause 3.13 lets MetaGold close all or part of your positions, and says it is not liable for any loss that closure causes.

Why this matters

You never signed the partner agreement and cannot see what your referrer is doing, yet your open trades can be shut because of it.

Exhibit 18WarningRarely seen

Should the Company reveal that the Partner breaches the instructions and requests of the Company, the Company may, at its sole discretion, restrict the payout of the Partner's Commission and/or terminate this Agreement with an immediate effect, as well as, in case if the Company considers it reasonable, to close all or part of the Clients' positions, referred by the Partner, if applicable.
Clause 3.13 in Introducing Broker (IB) Agreement, p.3
Read from the broker's site on Open the reference

Our readingPartner agreements normally punish the partner by cutting commission or ending the relationship. Extending the punishment to the trading positions of clients who are not party to that agreement makes a third party's conduct your loss.

  • Worse together with Exhibit 3Two separate routes let MetaGold close your trades, and neither turns on anything you did.

A notary bill stands between you and your money

MetaGold's AML policy requires a notarised English translation of any identity document not in Latin script, and full verification before any withdrawal above $100. It collects photo, video and audio biometrics, gathers background data from open sources, keeps records for at least seven years after closure, and may share personal data with marketing and advertising firms.

Identity checks2 clauses flagged

If your identity documents are not in Latin script, MetaGold's AML policy says you need to supply a notarised English translation. Verification must be complete before any withdrawal above $100.

Why this matters

Almost every client MetaGold advertises to holds Persian or Arabic documents, so this is a notary bill and a delay standing between you and your own money.

Exhibit 19WarningHarder 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

Our readingBrokers often ask for translations of unusual documents. Applying it to every non-Latin document, at a firm whose marketing, support and payment rails are built for Persian speakers, makes the exception the normal case.

  • Worse together with Exhibit 14The translation is needed for the verification every withdrawal over $100 depends on.

MetaGold collects your photo, video and audio as biometric data, gathers information about you from open sources, and keeps records for at least seven years after you close the account. It may pass personal data to marketing and advertising companies.

Why this matters

Closing your account does not end this. Your face, your voice and your documents stay on file for years, and the sharing list includes advertisers and debt recovery agencies.

Exhibit 20NoticeHarder than usual

Third parties, including those in the fintech, brokerage industry, marketing and advertising sectors, to use personal data in order to let a person know about services which may be of interest to such person in accordance with the Applicable Legislation;
Clause Disclosure of Personal Data, 7 in Privacy Policy, p.5
Read from the broker's site on Open the reference

Buried at section 15 of 22 in the Privacy Policy, 68% of the way through.

Our readingIdentity checks require documents and long retention is required by money laundering rules. Adding video and audio biometrics, open source background gathering, and onward sharing with advertising firms goes past what the checks need.

The only price record MetaGold accepts is its own

You are obliged to accept MetaGold's quoted prices, and its risk disclosure says the prices in your own terminal are not reliable. MetaGold publishes no conflict of interest policy and never says whether it takes the other side of your trades, so a disputed fill is judged on evidence only MetaGold holds.

Pricing1 clause flagged

You must accept the prices MetaGold quotes as the basis for your trades, and the risk disclosure says the prices in your own terminal are not to be treated as reliable. Only MetaGold's server counts.

Why this matters

If you dispute a fill, the only evidence the contract accepts is held by the firm you are disputing with. MetaGold publishes no conflict of interest policy and never says whether it is the other side of your trade.

Exhibit 16WarningHarder than usual

You are obligated to accept the prices quoted by MetaGold as the basis for executing trades.
Clause 4.1 in General Terms and Conditions, p.2
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.

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

Firms licensed by the FCA, CySEC and ASIC must publish a conflicts of interest policy and tell clients when they deal as principal against them. Neither document exists in MetaGold's set.

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

Our readingBrokers commonly treat their server logs as the record. Declaring the client's own terminal unreliable, while publishing no conflict of interest policy and no execution policy, removes every independent reference point.

The agreement points at a policy MetaGold does not publish

MetaGold's client agreement says orders are governed by an Orders Execution Policy that appears nowhere on its site. There is no conflict of interest policy, no complaints procedure, no segregation statement and no compensation scheme in any of the 23 documents. Its Iranian product pages recruit from a country its own contract and AML policy both treat as a risk.

What is missing2 clauses flagged

The client agreement says your orders are governed by the Orders Execution Policy. No such document exists on MetaGold's site, alongside no conflict of interest policy, no complaints procedure and no statement that client money is held separately.

Why this matters

The rules deciding how your orders get filled are the ones you cannot read. Nothing in the 23 documents says your deposit is kept apart from MetaGold's own money, and no compensation scheme is named.

Exhibit 26WarningHarder than usual

The transactions orders execution is governed by the Orders Execution Policy.
Clause Opening paragraph in Client Agreement
Read from the broker's site on Open the reference
Set against a regulated standard: FCA (UK), CySEC (Cyprus), ASIC (Australia)

Firms licensed by the FCA, CySEC and ASIC must publish an order execution policy and a conflicts of interest policy, must hold retail client money in segregated accounts, and must belong to an investor compensation scheme. None of those four appears in MetaGold's document set.

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

Our readingUnlicensed brokers often publish thin document sets. Incorporating a named policy into the contract and then not publishing it is different: the agreement points at a document that is not there.

MetaGold runs a section for Iranian clients covering deposits during internet restrictions, Rial payments and a dedicated payment route. The contract then excludes companies from countries under international sanctions and lets MetaGold delay withdrawals over sanctions.

Why this matters

You are recruited through infrastructure built for your country and contract on terms that treat that country as a risk MetaGold can act on. Its AML policy also puts clients from high-risk countries into enhanced checks.

Exhibit 27WarningRarely seen

The client is not registered in the following countries and will not be treated as a legal entity in the following countries: Turkey, Armenia, USA and countries subject to international sanctions.
Clause Statements and warranties of the client, B.2 in Client Agreement
Read from the broker's site on Open the reference

Our readingBrokers serving restricted markets usually stay quiet about it. Building named product pages for one sanctioned country while the contract reserves rights against sanctioned parties leaves the client on the wrong side of both.

  • Worse together with Exhibit 4The clients these pages recruit are the ones the sanctions delay clause is most likely to catch.

Where the marketing and the contract disagree

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

01

MetaGold says it charges no fee of its own on the page a depositor reads, while its Iranian deposit guide charges 4% on the instant gateway and the payment policy names no figure at all.

Said in public, in Persian

کارمزد تراکنش‌ها مربوط به شبکه انتخابی است و متاگلد هیچ کارمزدی در این زمینه دریافت نمی‌کند.

Word for word in English: Transaction fees relate to the selected network and MetaGold does not charge any fee in this regard.

Persian deposit and withdrawal page, under the important rules and usage requirements heading

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 2.5

All costs related to depositing funds by the Client that can be charged by the payment providers will be borne by the Client.

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

02

The marketing page promises two to three working days for a withdrawal while the governing English policy caps it at one.

Said in public, in Persian

مدت زمان پردازش 2 الی 3 روز کاری

Word for word in English: Processing time 2 to 3 working days

Persian deposit and withdrawal page, fiat withdrawal method card

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 3.7

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.

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

03

MetaGold advertises independence from unsupervised offshore zones while the entity holding its only brokerage licence is registered offshore in Mwali, Comoros.

Said in public, in Persian

زیرساخت مستقل، بدون وابستگی به مناطق آفشور فاقد نظارت

Word for word in English: Independent infrastructure, with no dependence on unsupervised offshore zones

Persian About page, listed as a structural advantage of MetaGold

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 Opening paragraph, 2

METAGOLD LTD, a company duly incorporated in the Comoros Union (Mwali), registration No. HT01025110, holding a valid

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

04

Support is advertised as available at any time while the terms close it for the whole of Saturday and start it at 16:30 GMT on Sunday.

Said in public, in Persian

پشتیبانی ۲۴ ساعته در هر زمان و هر مکان با پشتیبان‌ها در ارتباط باشید. تیم پشتیبانی چندزبانه ما همیشه تنها یک کلیک با شما فاصله دارد.

Word for word in English: 24-hour support. Be in contact with support at any time and in any place. Our multilingual support team is always just one click away from you.

Why MetaGold block, item 2, shown site-wide in Persian

In the contract · clause 14.3

Saturday: Closed

05

Full compensation for slippage during volatility is promised site-wide, while the conditions page excludes severe and abnormal volatility and the contract puts every loss on the client.

Said in public, in Persian

متاگلد اطمینان می‌دهد که هرگونه زیان ناشی از لغزش قیمتی منفی در زمان نوسانات بازار، به طور کامل جبران شود.

Word for word in English: MetaGold ensures that any loss arising from negative price slippage at times of market volatility is fully compensated.

Why MetaGold block, item 5, shown site-wide in Persian

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 Responsibility of the parties, 4

Responsibility for any loss, damage and expense and non-receipt of profits or lost business opportunities is the sole responsibility of the client

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

The documents this reading is based on

23 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 .

Documents
12 of 23downloaded from the broker's site, and 12 read in full
Pages opened
23pages walked to find those documents, footer links included
Marketing pages
11public pages set against what the contract says
Languages
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

Two companies sign the same contract and it never says which one is yours. The client agreement names METAGOLD LLC, registered in Georgia with number 404651248, and METAGOLD LTD, registered in the Comoros Union (Mwali) with number HT01025110, then calls each of them the Company. MetaGold's regulation page says the Georgian company runs the website and the Comoros company holds brokerage licence BFX2025136 from the Mwali International Services Authority. The Georgian entry is a company registration at the public registry under the Ministry of Justice, with economic activity codes, not a financial services licence. Governing law is the law of the Company's country of incorporation, so with two countries in play you cannot tell which courts you would use. No document says client money is held separately from the firm's own money, and no compensation scheme is named.

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.

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 23 legal documents, most in both English and Persian, covering payments, AML, the partner programme, the commodity loan and the Base Invest conversion. Nothing in the set charges a dormancy or inactivity fee, which is unusual and good. The negative slippage guarantee is real, its exclusions are written down, and the page says plainly that positive slippage stays with you. The bonus page states openly that your first withdrawal removes the bonus. The commodity loan carries no interest and no penalty for early settlement. Withdrawal processing hours on the marketing page match clause 5.3 of the terms exactly.

We did not read the bonus terms. MetaGold publishes them as Word files that do not open as readable text, so the bonus finding rests on the General Terms and on the bonus page we opened ourselves. The Persian PDFs do not copy out cleanly: the letters come out of order, so Persian quotations appear as the files render them with an English rendering under each, and we read the Persian documents only in part. No earlier copy of any document is available, so this is a first reading with nothing to compare against. We did not see the client portal, so we could not check the fee screens shown at the moment of paying. Every marketing claim quoted here comes from a page we opened ourselves on 14 September 2026.

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 Sep 14, 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.

Back to the METAGOLD profile