Metaglobal Brokers Review: Both ABNs on Its Own Footer Are Invalid
Metaglobal Brokers says it is a Corporate Authorised Representative of Pulse Markets under AFSL 220383. Both ABNs printed in its own footer, its own and Pulse Markets', are rejected as invalid by ABN Lookup. Canadian regulators flagged it on 22 June 2026. We score it 0.8 out of 10.
Quick facts
| Legal entity | Metaglobal Brokers PTY LTD (claimed, with an ABN that fails validation) |
|---|---|
| Regulator | Unlicensed |
| Licence number | CAR 001302232 under AFSL 220383 (claimed; the Pulse Markets ABN given is invalid) |
| Headquarters | 1/15 Packer Road, Baringa QLD 4551, Australia (claimed) |
| Minimum deposit | $10 via USDT-TRX; VIP tier $100,000 |
| Maximum leverage | Not published |
| Platforms | Designated Platform |
| Instruments | Not stated |
| Withdrawal time | Not published |
| Segregated funds | Not claimed |
| Website | metaglobalbrokers.comnot linked: see our verdict |
Metaglobal Brokers publishes more regulatory detail than most brokers we review. A company name, an ABN, a Corporate Authorised Representative number, a licensing parent, that parent’s ABN, an AFSL number and a Queensland street address. It looks thorough, which is the point.
We checked the numbers on the Australian Business Register on 10 September 2026. Both ABNs on the footer are not merely unmatched. They are invalid.
What “invalid” means here
An ABN is an eleven-digit number with a built-in checksum, so a wrong digit fails arithmetic before any database is searched. ABN Lookup, the Australian government’s public register, returns one of two different answers: either a record for a real ABN, or, for a number that cannot be an ABN at all, the message The number entered is not a valid ABN.
| ABN as printed on metaglobalbrokers.com | Attributed to | ABN Lookup result |
|---|---|---|
| 79684904027 | Metaglobal Brokers PTY LTD | The number entered is not a valid ABN |
| 81665910538 | Pulse Markets Pty Ltd | The number entered is not a valid ABN |
This is a harder finding than a company not being on a register. A deregistered company still leaves a valid ABN behind. These two numbers have never been ABNs. They are eleven digits chosen to look like one.
The real Pulse Markets
Pulse Markets Pty Ltd does exist, and it does hold AFSL 220383, issued on 7 June 2002 and administered from Brisbane. Its actual ABN, active on the register, is 14 081 505 268.
That is not the number Metaglobal prints. Which tells you what kind of claim this is: somebody found a real Australian licence belonging to a real firm and attached invented registration numbers to it. The AFSL number is genuine. The company said to hold it is described by a number that is not.
Pulse Markets is not the subject of this review and nothing here is a criticism of it. Its licence appears to have been used without any involvement on its part, which is a thing that happens to licence holders and is worth their knowing.
The footer contradicts the website above it
Two sentences from Metaglobal’s own footer:
It is authorised to perform financial services to wholesale clients only.
Restricted Territories include, but are not limited to: … Australia, New Zealand, Zimbabwe.
Take those in turn.
Wholesale clients only. In Australia, a wholesale client is broadly someone investing $500,000 or more, or with net assets above $2.5 million or income above $250,000, certified by an accountant. Retail clients get the protections: disclosure documents, external dispute resolution through AFCA, compensation arrangements. Wholesale clients get none of them.
The same site advertises a $10 minimum deposit. Anyone depositing $10 is a retail client by any definition, and the footer says the authorisation does not cover them.
Australia is on the restricted list. An Australian company, claiming an Australian licence, refusing Australian clients. Whatever protection an AFSL is meant to represent, nobody who can actually open an account here is inside it. The licence is decorative by the firm’s own admission.
Money in at $10, money out at $20.30
The funding page names cryptocurrency (BTC, USDT) and credit card, with “additional banking methods coming soon”. The stated minimum deposit is $10 via USDT-TRX. The stated minimum withdrawal is USDT-TRX, $20.30.
Two things about that. First, the withdrawal minimum is twice the deposit minimum, so the smallest possible account cannot withdraw at all until it doubles. Second, and more important: a USDT transfer cannot be reversed, recalled or charged back. The $10 entry is not a price. It is the cheapest possible way to get someone through onboarding and onto a call list, at which point the VIP tier at $100,000 becomes the actual product.
The Canadian warning
On 22 June 2026 Metaglobal Brokers was added to the Canadian Securities Administrators’ investor alerts, on a British Columbia Securities Commission listing naming metaglobalbrokers.com. The CSA publishes these for entities appearing to engage in securities activities that may pose a risk to investors.
A firm claiming Australian wholesale-only authorisation, excluding Australian residents, being flagged by a Canadian provincial regulator is a coherent picture: the account opening happens wherever the calls land.
Smaller details, same direction
- The footer reads
© 2025 Metaglobal Brokers, unchanged well into 2026. - A single support email address and no phone number, at a firm claiming a Queensland street address.
- Four account tiers named VIP, ECN, No Commission and Islamic, with only the VIP minimum published, at $100,000. Publishing the top price and hiding the middle ones is a negotiation, not a price list.
- No statement anywhere that client funds are segregated, which an Australian authorised representative would be required to address.
What the score is made of
| Pillar | Weight | Score | Why |
|---|---|---|---|
| Regulation and licence tier | 30% | 0.2 | Invalid ABNs against a real third party’s AFSL, plus a CSA alert |
| Fund safety and withdrawals | 25% | 0.3 | Crypto-only funding, no segregation claim, no compensation scheme |
| Cost and execution | 15% | 1.5 | Withdrawal minimum above the deposit minimum; tier pricing withheld |
| Transparency | 15% | 0.3 | The footer contradicts the sign-up page it appears on |
| Complaint record | 10% | 2.5 | Regulator alert present; individual complaint history still thin |
| Platform and support | 5% | 3.0 | Unverified, one email address, no phone |
0.8 out of 10.
If you have already deposited
- Stop, and be especially careful of a request to pay before withdrawing. With a $20.30 withdrawal floor on an account that may have started at $10, the first real conversation about money leaving is likely to involve a new payment.
- Screenshot the footer. The two invalid ABNs and the wholesale-only line are the evidence, and they exist only until the site is edited.
- Card payments: ask your bank about a chargeback for services not provided. Usually within 120 days.
- Crypto payments: irreversible, but record every receiving address. Exchanges act on addresses when law enforcement asks.
- Report it to ASIC through its report-misconduct form, since the firm claims an Australian licence and is using another company’s AFSL, and to your own national regulator. If you are in Canada, report to your provincial securities commission and the Canadian Anti-Fraud Centre.
- Do not pay a recovery service. The offer usually arrives soon after the loss and from people who already know what you lost.
The check that caught this
Any ABN can be typed into ABN Lookup, free, in about fifteen seconds, and it will tell you whether the number is even arithmetically possible before it tells you who holds it. An AFSL number can be checked on ASIC Connect the same way. When a broker gives you both, check both, and check that the ABN matches the name it is printed next to. Two searches on this site produce two rejections.
Answered in detail
Safer alternatives
Rated Trusted or Neutral against the same six pillars. These link to our own reviews, not to the brokers, and no broker can pay to appear here.