Introduction
Forex trading can be challenging, especially when choosing the right broker. Many brokers claim to be the best, but not all are trustworthy. New traders often fall victim to misleading claims and end up losing money. Mether World, formerly known as Mcoin, is a new broker in the market. But is it safe? How can you determine if it’s legitimate or a scam? Relying solely on information provided by the broker can be risky. This review of Mether World examines its credibility, helping you decide whether it’s a platform worth trusting.

Overview

What is Mether World?

Mether World is a brokerage firm established in 2020 in Estonia. It specializes in cryptocurrency trading, offering users the ability to trade digital assets like Bitcoin and Ethereum. The platform employs advanced blockchain technology and incorporates a multi-level marketing (MLM) model. Despite its innovative claims, Mether World operates without the regulation that traditional brokers adhere to.

What is Mcoin?

Mcoin is Mether World’s native digital token, designed to support decentralized services related to advertising, publishing, and blockchain tasks. Operating on the Ethereum blockchain, Mcoin facilitates fast transaction processing and is aimed at advertisers, publishers, and users seeking a decentralized platform.

What is Mether Academy?

Mether Academy is an educational initiative by Mether World that focuses on teaching about digital technologies like cryptocurrencies, DeFi, and blockchain.

• Educational Courses: Offers comprehensive lessons to build skills and keep users updated on digital trends.
• Continuous Learning: Provides ongoing learning opportunities to adapt to the ever-changing digital landscape.
• Community Building: Enables students to collaborate, share ideas, and participate in group learning.
• Innovation and Adaptation: Equips users with the tools needed to stay competitive in the fast-evolving digital space.

Packages Offered by Mether World

Mether World provides four account types tailored to different trading needs:

Pros and Cons of Mether World

Pros:

• Offers educational resources through Mether Academy.
• Low minimum deposit requirement for entry-level plans.

Cons:

• Operates as an unregulated and unverified platform.
• Associated with multiple websites, raising questions about transparency.
• Tied to a suspected Ponzi scheme structure.

Deposits and Withdrawals

Deposits:
Mether World allows local e-bank transfers for deposits, enabling users to transact through the platform’s website. It also facilitates earning transfers between users.

Withdrawals:
Withdrawals require a minimum balance of $50 and incur a 5% processing fee.

Referral Program

Mether World provides a referral program where users earn $0.50 for each successful referral. This program serves as an added incentive for users to promote the platform.

Registration Process

1. Register: Visit the Mether World website, fill in your details, and create an account.
2. Login: Log in to access your account dashboard.
3. Authorize: Verify your account by scanning a QR code or entering a unique code.
4. Add Payment: Fund your account based on your trading preferences to start trading.

Trade Wallet Availability

Mether World offers a BEP20 wallet for transactions. Additionally, a secondary wallet, Mcash, is available for transferring e-bank balances. However, the segmented presentation of wallet services raises concerns about the platform’s reliability.

Customer Support

Despite its numerous web pages, Mether World’s official site lacks detailed customer support information. The broker’s contact details, found on external sites, include:

• Phone: +372 462 6285
• Email: info@metherworld.com

The platform primarily uses a ticket-based system for resolving issues, but the authenticity of its support channels is uncertain.

Evaluating Mether World’s Claims

Lack of Regulation:
Mether World is neither regulated nor verified by financial authorities, which is a major red flag for potential investors.

Multiple Websites:
The platform operates several websites with differing information and user interfaces, suggesting an effort to confuse and deceive users.

Negative Reviews:
Client reviews highlight a lack of transparency and frequent issues with the platform, further tarnishing its reputation.

Trust Ratings:

• Scamadvisor: Rates Mether World as mediocre, with limited trustworthiness.
• Trustpilot: A 3.7-star rating indicates moderate risk, with mixed user reviews.
• Facebook: Customer testimonials reveal dissatisfaction with trading experiences.

Conclusion

Mether World shows numerous signs of being an unreliable and potentially fraudulent broker. The absence of regulation, coupled with its multiple inconsistent websites and negative user reviews, raises significant concerns. If you’re searching for a dependable cryptocurrency trading platform, consider regulated alternatives like Vault Markets and steer clear of Mether World or Mcoin.