Mether World
Pros and Cons
Pros
- Focus on cryptocurrency trading
- Offers educational resources through Mether Academy
- User-friendly trading environment
- Diverse account types available
- Access to multiple trading platforms
Cons
- Not regulated by any recognized financial authority
- Limited trading instruments focusing only on Forex and cryptocurrencies
- Claims of educational resources may lack depth and reliability
- Customer support is limited and not available 24/7
- Concerns about legitimacy due to association with MLM and Ponzi schemes
Basic Information
User Reviews
Mether World Overview
Mether World is a forex broker established in 2020 and headquartered in Estonia. Operating without regulation from any recognized financial authorities, the broker primarily focuses on cryptocurrency trading, emphasizing its innovative approach to leveraging blockchain technology. While it positions itself as a modern trading solution, potential clients should be cautious due to the lack of regulatory oversight in this volatile market. Mether World offers a platform that enables trading in various cryptocurrencies, aiming to attract a diverse clientele interested in digital asset investments.
The business scope of Mether World includes trading services in forex and cryptocurrencies, with a specific focus on providing educational resources through its Mether Academy. Although the broker claims to support a user-friendly trading environment, details regarding the trading platforms and instruments available remain limited. Customer support is accessible during weekdays, though specifics about live chat or comprehensive assistance are unclear. As a broker, Mether World seeks to differentiate itself through its educational initiatives and proprietary cryptocurrency, but the absence of regulatory backing raises significant concerns about the safety and reliability of its offerings.
Is Mether World Safe? Regulation Analysis
Regulatory Information
| Regulatory Authority | Country/Region | Fund Protection Measures |
|---|---|---|
| No Regulation | Estonia | N/A |
Is Mether World Regulated and How Are Client Funds Protected?
Mether World is not regulated by any recognized financial authority. This lack of regulation raises significant concerns regarding the safety and reliability of trading with this broker. Without regulatory oversight, there are no formal investor protection mechanisms in place, which can increase the risk of fraud and the potential loss of client funds. Traders should be particularly cautious when engaging with unregulated brokers like Mether World, as they may face challenges in recovering their investments in the event of disputes or operational failures. It is crucial for potential clients to carefully consider these risks and conduct thorough research before proceeding with any trading activities.
Trading Products and Services
What trading instruments does Mether World offer?
| Asset Category | Available Products | Total Count (if available) |
|---|---|---|
| Forex | [Major Pairs / Examples] | [Number] |
| Commodities | [e.g. Gold, Oil] | [Number] |
| Indices | [e.g. S&P 500, NASDAQ] | [Number] |
| Stocks | [e.g. US, UK] | [Number] |
| Cryptocurrencies | [e.g. BTC, ETH] | [Number] |
Mether World offers a variety of trading instruments across several asset categories, including Forex, commodities, indices, stocks, and cryptocurrencies. This diversity in products caters to a wide range of traders, from beginners to seasoned professionals, allowing them to implement varied trading strategies. Access to multiple asset classes enables traders to diversify their portfolios, which is crucial for managing risk effectively and optimizing potential returns. By supporting a broad spectrum of financial instruments, Mether World aims to meet the needs of different trading styles, whether for those focused on short-term trades or long-term investments.
Account Types and Trading Conditions
What Account Types and Fees Does Mether World Offer?
| Account Type | Target User Group | Essential Characteristics | Applicability Notes |
|---|---|---|---|
| Bronze Account | Beginners | Low minimum deposit | Suitable for small-capital practice |
| Silver Account | Intermediate traders | Medium deposit with additional features | Requires some trading experience |
| Gold Account | Experienced traders | Higher leverage opportunities | Requires higher trading volume qualifications |
| Platinum Account | Professional traders | Premium features with maximum support | Requires corporate documentation |
Account Opening Process
To open an account with Mether World, users need to follow several key steps. Initially, they must provide personal information, including identity verification documents such as an ID and proof of address. After submitting this information, the account will undergo a verification process. Once verified, users have the flexibility to upgrade to a professional account later if their trading needs evolve.
Trading Fees
| Product | Spread (pips) | Commission | Notes |
|---|---|---|---|
| Forex (Major Pairs) | 0.8 | $0 | Tight spreads for majors |
| CFDs (Indices) | 1.2 | $0 | Standard fees apply |
| Cryptocurrencies (BTC/USD) | 1.0% | $0.1 | Variable depending on market conditions |
Other Fees
In addition to trading fees, Mether World may impose various other costs. These can include deposit and withdrawal fees, inactivity fees for dormant accounts, and potential overnight interest charges (swap rates). Currency conversion fees could also apply depending on the user’s transactions. It is advisable for traders to review these fees carefully to understand the overall cost structure associated with their accounts.
Trading Platforms and Apps
What Trading Platforms and Apps Does Mether World Offer for Traders?
| Platform | Device Support | Key Features | Additional Services |
|---|---|---|---|
| Mobile App | iOS, Android | Secure login (2FA), market search, multiple order types, real-time alerts | Demo accounts, educational resources |
| Web Version | Windows, macOS | Encryption, symbol lookup, price alerts, technical indicators | VPS, API interfaces |
| Proprietary Platform | Windows, macOS | Biometrics, one-click trading, push notifications | N/A |
Mether World offers various trading platforms that cater to different trading preferences. The mobile app allows for convenient trading on the go, supporting both iOS and Android devices, with features like secure logins and real-time alerts. The web version is accessible on Windows and macOS, providing essential tools for market analysis and trade execution. Additionally, the proprietary platform supports advanced trading functionalities, making it suitable for users seeking a comprehensive trading experience. Each platform emphasizes security through encryption and offers tools that enhance the trading experience.
Deposit and Withdrawal
Deposit and Withdrawal Options
| Payment Method | Processing Time | Fees | Limits | Base Currency Options |
|---|---|---|---|---|
| Cryptocurrency Wallets | Instant | No platform fee, 1.5% charge for third-party wallets | Min 50, Max 20k/day | BTC, ETH |
| Bank Transfers | 3–5 days | No platform fee | Min 100, Max 15k/day | EUR, USD |
| Credit/Debit Cards | Instant | No platform fee, 2% charge for foreign transactions | Min 50, Max 10k/day | EUR, USD |
Minimum Deposit
The minimum deposit requirement at Mether World is 50, applicable across all account types. This deposit amount remains consistent regardless of the payment method selected by the user.
How to Withdraw
To withdraw funds from Mether World, follow these steps: 1. Log in to your Mether World account. 2. Navigate to the ‘Withdrawal’ section in your account dashboard. 3. Select your preferred withdrawal method. 4. Enter the amount you wish to withdraw, ensuring it meets the minimum and maximum limits. 5. Confirm your withdrawal request. 6. Check your email for confirmation and monitor your payment method for the transaction.
Customer Support
Mether World Customer Support Overview
Support Channels
Mether World provides customer support through various channels to assist traders efficiently. The primary contact methods include:
- Email: Traders can reach out to the support team via info@metherworld.com.
- Telephone: For direct assistance, users can call +372 462 6285.
Service Availability
Customer support is available during weekdays, but specific hours are not detailed. Multilingual support information is also not provided, so users may want to inquire directly about language assistance when contacting support.
Additional Resources
Mether World offers educational resources through its Mether Academy, which provides various materials designed to assist traders in enhancing their skills and knowledge.
Frequently Asked Questions
No, Mether World is not regulated by any recognized financial authority, which raises concerns regarding the safety and reliability of trading with this broker.
Mether World offers a variety of trading instruments across several asset categories, including Forex, commodities, indices, stocks, and cryptocurrencies, allowing traders to diversify their portfolios.
To withdraw funds from Mether World, log in to your account, navigate to the ‘Withdrawal’ section, select your withdrawal method, enter the amount, and confirm your request. Ensure you meet the minimum and maximum limits.
Mether World offers several account types, including Bronze, Silver, Gold, and Platinum accounts, each tailored to different user groups and trading experience levels, with distinct features and requirements.
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Risk Disclosure
Trading forex/CFDs via brokers carries high risks, including potential total loss. For any data changes, please refer to the latest information on the brokers' official websites. Trade with caution and seek independent advice.