ANSWER MetrosityFX is not a licensed or regulated broker even though it states offers that look good to be true. MetrosityFX claims it is a trading name of MetrosityFX Ltd, a company registered in the St. Vincent and the Grenadines Financial Services Authority (SVG FSA). Searching in SVG FSA, we did not find a match result to MetrosityFX Ltd. Apparently, the registration in SVG FSA is a false statement for unsuspecting traders.Besides, MetrosityFX claims it was founded in the United States and it is one of the few firms fully committed to serving Latin America. However, we did not find any match results to MetrosityFX in the US regulator National Futures Association (NFA).The truth is, MetrosityFX is not overseen by any regulators. That means your personal data or your funds in this broker are unsafe and cannot be protected by any law. We would recommend traders stay away from unregulated brokers like MetrosityFX and trade with licensed brokers.
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