MetisEtrade (Manila Based Broker)

Mermering101

Trader
Sep 9, 2013
1
0
17
Makati City, Philippines
Please find out about our company from this forum page and write us any comments. We highly value your opinions and we promise to use your comments to offer better services in the Philippines.

Please know that we are here to set different standard in the Financial Service industry and do not assume who we are until you actually try us and our services.


Who is MetisEtrade? (Metis E Trade)

MetisEtrade, Inc. (“MetisEtrade” or the “Company”) is a financial institution providing money exchange service and online trading services on Forex and CFD in Precious Metals, US Stock, and Oil – a first of its kind in the country. Backed by a team of dedicated specialists and partnering with financial institutions around the world, MetisEtrade offers the most cost-efficient way to trade in the global capital markets and exchange foreign currencies online.

Who are the Founders?

MetisEtrade was established by market experts who have gained extensive experience in market research, business processing, and customer support while working as back office service providers in the Philippines for leading international financial service companies with mission to provide global standard financial services to investors in the Philippines.

Our Mission Statement

MetisEtrade aims to address prevailing concerns of existing local banks and financial institutions charging excessive exchange fees due to highly inefficient and opaque operational structure and business processing models. As such, MetisEtrade removes any unethical and amateurish overhead costs and offers a transparent and professional service that was not available in the Philippines until now.

MetisEtrade aims to upgrade the standard in the financial service industry using its exceptional know-how obtained from leading global financial service companies. We at MetisEtrade guarantee that traders experience the highest level of performance, reliability, and security by utilizing professionally managed network data centers with fully operational server arrays and internet connections. In fact, MetisEtrade guarantees 99% uptime in its services.

Registration Highlights

MetisEtrade, Inc. is registered and supervised by Bangko Sentral ng Pilipinas as a Foreign Exchange Dealer (FXD) with Certificate No. FX-2012-004784 and by Securities and Exchange Commission as an online foreign currency trading and precious metal trading market maker and referral broker.

MetisEtrade clears its trades by itself and with PSS in Sweden, CitiFX in the USA and FXCM in the UK.

Regulatory Myth and Our Practice

Traders and investors here in the Philippines have a very little protection from Filipino regulators. There is no concrete regulation locally in the Philippines for any derivative trading like Forex and CFDs. As a result, many Filipinos opt to trade with companies regulated in USA, UK or Australia. However, these foreign regulatory bodies only regulate local resident investors and do not require trading companies under their regulation to report any trading activities of overseas investors.

MetisEtrade is here to declare that it will offer only a transparent trading mechanism with no dealing desk and all its financial data will be audited and made available to the public all the time. We will also listen to our clients to make sure to add additional due diligence to ourselves to be the first and fastest growing trading company.

Common Scam and Our Practice

Excessive Commission and Spread Markup
High commission and spread is the biggest reason for client’s loss and MetisEtrade strictly prohibits any IB to charge such high commission and to increase spread.

Unethical Trading Execution
MetisEtrade offers transparent trading execution with no dealing desk and no slippage.

Financial Insolvency
MetisEtrade will segregate all its client funds from operation funds and will keep net assets over 150% of the total client deposits while all its financials shall be audited by the most respected auditing firm in the Philippines.

Fund Management
MetisEtrade will separate roles of brokers and traders. Brokers will only act as a financial service provider while traders will only focus in investment management. Traders at MetisEtrade will go through a series of trainings and pass various tests.