‘Metherworld is the future’ Under Questions from Traders: Is it a Safe Bet?

Mether World is an online education-oriented trading platform that was launched in the year 2020 and is registered in Estonia. But issues of its legitimacy, lack of regulation, and poor user experience have raised red flags to its prospective investors.

More about Mether World

• Company Name - Mether World
• Registration Country - Estonia
• Regulated By - Unregulated
• Website - https://metherworld.com/

Metherworld is an education-based platform aimed at providing courses on forex, crypto trading and digital asset staking. On its website, the users have access to a supportive community and a wide variety of learning resources.

The platform is based on its own cryptocurrency, M Coin, which is used for trading on its ecosystem. Mether World has also come up with a slogan ‘Metherworld is the future’ which implies big dreams in the financial education and trading arena.

However, upon closer inspection, there are serious problems.

Red Flags of Mether World according to WikiFX

The key worry in Mether World is the lack of its regulation. WikiFX reports that the platform has no legal license for regulation, an important aspect of any financial or trading platform. Considering the platforms poor ranking of 1.40/10, the credibility of the platform is suspect at the very least.

WikiFX explicitly warns: “Low score, please stay away!” The lack of regulation is a major hiccup for any person who would want to use Mether World for either trading or education.

User Feedback Painting a Troubling Picture

User ID - FX1344105069

A review by a Nigerian user with 6-10 years of trading experience claims that he doesnot find anything useful here, in the platform, neither educational resources nor the trading experience.

This is what they have written on WikiFX -

This review brings out the lack of worthwhile content in the platform, which encourages newbies to trade with established brokers. Other users have also defined Mether Academys courses as “useless, messy, and unprofessional”, saying that they learned nothing.

M Coin and Trading Concerns

The dependence on M Coin by Mether World has another layer of risk. When transacting through the platform, only M Coin is used for trading and the users have to obtain the same through their Mether World accounts. This setup is rather strange in comparison to reputable brokers, which usually deal only with well-accepted cryptocurrencies.

The questionable transparency regarding M Coins worth, liquidity, and acceptance in the market adds to concerns of illegitimacy and susceptibility to manipulation.

Conclusion

The Mether Worlds brave statement “Metherworld is the future” is questionable due to its lack of regulation, negative responses from the users and the suspicious business standards. Although it might be attractive for some with its promise of Web 3.0 education and proprietary trading, the risks are much greater than the benefits. The low WikiFX score of the platform, lack of controls from regulators, and negative reviews from users indicate it is not a safe option for learning and trading.

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