MeteorTrade

MeteorTrade is a forex and CFD brokerage that was established in mid-2021. It operates under the legal entity Incendiary Group LTD, which lists a registered address at 8 Copthall, Roseau Valley, 00152 in the Commonwealth of Dominica.

The broker’s public profile is notably sparse. At the time of this writing, the official MeteorTrade website is not accessible, and the company has not released detailed information about its trading infrastructure, fee schedules, or corporate team. Public records indicate that Incendiary Group LTD has zero employees on file, which raises questions about the operational scale of the business.

MeteorTrade positions itself as a provider of multiple account types aimed at a range of traders, but without a functioning website or transparent disclosures, much of its claimed offering remains unverifiable.

MeteorTrade is not licensed or regulated by any recognized financial authority. The Commonwealth of Dominica is not known for active forex broker oversight, and registration there does not constitute authorization to offer investment services to retail clients internationally.

Traders should be aware that without a regulatory license, MeteorTrade is not required to segregate client funds, maintain capital adequacy, or adhere to conduct-of-business rules. In practice, this means clients have no statutory recourse if the company fails to return deposits or ceases operations.

The broker’s own description acknowledges its unregulated status, and with the website offline, there is no way to verify any claims of compliance or membership in financial compensation schemes.

MeteorTrade advertises four account tiers, each gated by a minimum deposit requirement: Basic ($250), Standard ($1,000), Classic ($10,000), and Exclusive ($50,000). The broker does not publish the associated trading conditions—spreads, leverage, commissions, or execution model—for any of these accounts.

The absence of such fundamental information is unusual even for an offshore broker. The high minimum deposit for the Exclusive tier ($50,000) is particularly striking given the lack of transparency, as it would represent a substantial commitment without any disclosed benefits or risk protections.

No details are available regarding the methods or timelines for depositing or withdrawing funds. Common methods such as bank wire, credit/debit cards, or e-wallets have not been disclosed, and there is no fee schedule for incoming or outgoing payments.

With a closed website and a record of withdrawal complaints from users, any funds placed with MeteorTrade would be at significant risk. One former client reported that a withdrawal request was marked as completed but the money never arrived, after which the website itself disappeared.

The range of tradable instruments—whether forex pairs, CFDs on indices, commodities, or shares—has not been made public. Likewise, the trading platform (MetaTrader 4/5, a proprietary app, or web-based terminal) remains unknown.

For a broker targeting clients with deposits from $250 to $50,000, this level of opacity is a critical deficiency. Without a platform or asset list, prospective clients cannot evaluate execution quality, charting tools, or even the basic makeup of the product catalog.

User feedback on independent platforms paints a uniformly negative picture. On Trustpilot, MeteorTrade holds a rating of 1.9 out of 5, based on 12 reviews—all of which are critical. No reviews appear on Forex Peace Army at present.

Common themes among the available testimonials include accounts blocked, aggressive sales calls immediately after registration, and accusations of outright fraud. While the sample size is small, the consistency and severity of the complaints are in line with the broker’s unregulated status and lack of operational transparency.

Given its unregulated nature, inaccessible website, and universally negative client feedback, MeteorTrade does not present a viable option for the vast majority of traders. The absence of clear cost, platform, or funding information makes it impossible to conduct proper due diligence.

Only the most speculative traders—those willing to risk total loss of capital without any legal protections—might consider such an arrangement, but even they would lack the basic information needed to open or manage an account. Most retail investors will find that regulated brokers with transparent operations provide a far safer and more reliable trading environment.