Regulatory Docs

Company Disclaimer & Disclosures

At Metra, we are committed to providing our clients with comprehensive information about material risks and our operating practices. Please read these disclosures carefully before engaging in virtual asset activities.

VARA Licence Pending — Mask Virtual Assets Exchange LLC

Disclaimer

The virtual assets, including but not limited to cryptocurrencies, may lose their value in part or in full. These assets are subject to extreme price volatility, which means their values can fluctuate significantly over short periods.

Risk disclosure statement

Metra believes in transparency and wants to ensure that our users are fully aware of the potential risks associated with virtual assets. Please take note of the following key points:

Value volatility and loss

  • Volatility: Virtual assets can experience extreme price fluctuations, meaning they can rapidly increase or decrease in value.
  • Potential loss: There is a risk that virtual assets may lose their value in part or in full. Investors should be aware that their investments can decrease significantly or become worthless.

Transferability and irreversibility

  • Transfer limitations: Virtual assets may not always be transferable. There might be instances where transferring assets is restricted or not possible.
  • Irreversible transfers: Some virtual asset transfers are irreversible. Once a transaction is made, it cannot be undone, and any incorrect transfers may result in permanent loss of assets.

Liquidity concerns

  • Liquidity risk: Virtual assets may not always be liquid. This means that there might be limited opportunities to buy or sell these assets quickly without affecting their price.

Privacy and public records

  • Non-private transactions: Some transactions involving virtual assets are not private and may be publicly recorded on Distributed Ledger Technologies (DLTs), such as blockchain. Transaction details could be accessible to the public and could potentially compromise user privacy.

Fraud, manipulation, and theft

  • Fraud and manipulation: Virtual assets may be subject to fraudulent schemes or manipulation, which can affect their value and integrity.
  • Theft and hacks: There is a risk of virtual assets being stolen through hacks or other targeted schemes. Unlike traditional assets, virtual assets may not benefit from legal protections or insurance coverage, making recovery difficult in case of theft.

We strongly advise all clients to conduct thorough research and seek professional advice before engaging in virtual asset transactions. Understanding these material risks is crucial for making informed decisions and managing your exposure to potential financial losses.

Conflict of interest disclosure

  • Nature of conflicts: Conflicts may arise due to relationships with other entities, financial interests, or providing services to multiple parties with differing interests.
  • Management of conflicts: Policies and procedures identify, manage, and mitigate conflicts through assessments, training, and controls for fair decision-making.
  • Disclosure of specific conflicts: Actual or potential conflicts related to our activities are disclosed in a timely manner, including the nature, involved parties, and steps to manage them.

For more details, please refer to our Conflict of Interest Policy.

Privacy policy

We are committed to safeguarding personal data in compliance with applicable laws and regulations. Our Privacy Policy explains how we collect, use, share, and protect our clients' information and our clients' rights regarding their data. This applies to all interactions with our website and services, including data processed by third parties on our behalf.

For more details, please refer to our Privacy Policy.

Anti-bribery & corruption (ABC) policy

  • ABC governance: We conduct business ethically and in compliance with applicable laws and regulations related to bribery and corruption.
  • ABC guidelines and tolerance: Zero-tolerance for bribery or corruption, direct or indirect. All staff must report suspected instances.
  • Consequences of policy breach: Breaches may result in disciplinary action and legal consequences.
  • Payments, gifts, and hospitality: Prohibitions include offering or accepting payments or valuables to gain a business advantage, facilitating payments, or retaliating against reporters.

For more details, please refer to our Anti-Bribery & Corruption Policy.

Reporting channels

We have established and published methods of contact for receiving reports of any violation or possible violation of applicable laws and regulations relevant to anti-bribery and corruption. Reports may be made in person or anonymously.

  • Line Manager and/or Head of Human Resources
  • Email: compliance@metra.ae
  • Mailing address: Dubai, United Arab Emirates
  • Contact number: 043987774

Complaint handling policy

At Metra, we are committed to handling all customer complaints fairly and efficiently. We strive to investigate all issues thoroughly, provide clear communication throughout the process, and implement appropriate solutions to maintain the highest standards of service and client satisfaction.

Metra is committed to resolving client complaints promptly, fairly, and transparently. Complaints will be acknowledged within one (1) week and resolved within four (4) weeks, or in exceptional cases within eight (8) weeks, with status updates provided. Clients may submit complaints through multiple accessible channels, and no fees shall be charged for lodging or processing complaints.

To submit a complaint: legal@metra.ae

For more details, please refer to our Complaints Handling Policy.

Whistleblowing policy

Metra is committed to the highest standards of integrity, accountability, and transparency. We encourage all employees and stakeholders to raise any concerns through the whistleblowing channels set out in our Whistleblowing Policy. Concerns may be submitted anonymously by emailing support@metra.ae. Metra maintains a zero-tolerance stance toward any form of retaliation against individuals who raise concerns in good faith.

For more details, please refer to our Whistleblowing Policy.

Virtual asset (VA) standards

Security measures

  • Encryption for data and transactions
  • Two-Factor Authentication (2FA) for accounts
  • Cold storage for a significant portion of client assets

AML / KYC compliance

  • Continuous transaction monitoring and suspicious activity reporting
  • Robust KYC procedures; Enhanced Due Diligence where appropriate

Transaction monitoring

  • Real-time monitoring with automated alerts and escalation workflows

Operational policies

  • Internal controls, privacy policies, and incident response planning

Responsible individuals

Metra is regulated by the Dubai Virtual Assets Regulatory Authority (VARA). As required under VARA's Market Conduct Rulebook and VARA's Broker-Dealer Services Rulebook, Metra discloses the following regarding its leadership.

The responsible individuals of Metra are:

  • Omar Gull, Chief Executive Officer
  • Beatrice Waithera Maina, Compliance Officer / Money Laundering Reporting Officer

As of 24 November 2025, no members of the company's Board of Directors or Senior Management have been prosecuted or convicted before the courts of the United Arab Emirates or any other jurisdiction.

Pricing of virtual assets

We determine the prices of the virtual assets we quote to clients based on current and prevailing prices from different sources, using factors including the supply and demand for the token, market volatility and liquidity, available inventory, order quantity, and trader discretion. Additionally, any applicable fees are transparently disclosed to clients at the time of the transaction.

Execution practices

Metra is committed to ensuring that its practices for order routing and execution remain transparent, fair, and client-oriented. We strive to ensure that orders are executed at the best available price and in accordance with the best standards. We adhere to all relevant regulatory requirements in this regard. We use Fuze and Aquanow as our liquidity providers.

For more details, please refer to our Best Execution Practices.

Clearing services for other VASPs

We do not hold or maintain funds or virtual assets, nor do we provide clearing services for other virtual asset service providers offering broker-dealer services.

Client asset protection

We employ robust measures to protect the ownership of client assets held by our firm. All virtual assets are stored using institutional-grade and independently certified custody technology to ensure maximum security. We comply with relevant legal and regulatory frameworks governing the safeguarding of client assets against loss or theft and perform regular audits to verify the integrity of all holdings.

Referral and introduction arrangements

We do not, in the ordinary course of business, refer or introduce clients to other entities or virtual asset service providers. Should any such arrangement occur, it would be entirely ad hoc, with no formalised monetary or non-monetary benefit schemes in place.

Third-party custody

We use Hex Trust as a third-party custodian for the safekeeping of client virtual assets.

Virtual assets offered

As part of its broker-dealer operations, Metra currently supports a broad range of virtual assets on its trading platform. The following is the list of virtual assets currently offered:

Symbol Token name Reference
1INCH1inchCoinMarketCap
AAVEAaveCoinMarketCap
ACHAlchemy PayCoinMarketCap
ADACardanoCoinMarketCap
AGLDAdventure GoldCoinMarketCap
ALGOAlgorandCoinMarketCap
ALICEMyNeighborAliceCoinMarketCap
ANKRAnkrCoinMarketCap
ANTAragonCoinMarketCap
APEApeCoinCoinMarketCap
API3API3CoinMarketCap
APTAptosCoinMarketCap
ARBArbitrumCoinMarketCap
ARPAARPACoinMarketCap
ATOMCosmosCoinMarketCap
AVAXAvalancheCoinMarketCap
AXSAxie InfinityCoinMarketCap
BATBasic Attention TokenCoinMarketCap
BCHBitcoin CashCoinMarketCap
BETABeta FinanceCoinMarketCap
BICOBiconomyCoinMarketCap
BNBBNBCoinMarketCap
BNXBinaryXCoinMarketCap
BSVBitcoin SVCoinMarketCap
BTCBitcoinCoinMarketCap
BTTBitTorrentCoinMarketCap
BUSDBinance USDCoinMarketCap
BZZSwarmCoinMarketCap
C98Coin98CoinMarketCap
CAKEPancakeSwapCoinMarketCap
CELRCeler NetworkCoinMarketCap
CFXConfluxCoinMarketCap
CHESSTranchessCoinMarketCap
CHRChromiaCoinMarketCap
CHZChilizCoinMarketCap
CLVClover FinanceCoinMarketCap
COMPCompoundCoinMarketCap
COTICOTICoinMarketCap
CROCronosCoinMarketCap
CRVCurve DAO TokenCoinMarketCap
CTSICartesiCoinMarketCap
CVCCivicCoinMarketCap
CVPPowerPoolCoinMarketCap
DAIDaiCoinMarketCap
DARMines of DalarniaCoinMarketCap
DASHDashCoinMarketCap
DEGODego FinanceCoinMarketCap
DENTDentCoinMarketCap
DODODODOCoinMarketCap
DOGEDogecoinCoinMarketCap
DOTPolkadotCoinMarketCap
DUSKDuskCoinMarketCap
DYDXdYdXCoinMarketCap
EGLDMultiversXCoinMarketCap
ENJEnjin CoinCoinMarketCap
ENSEthereum Name ServiceCoinMarketCap
EOSEOSCoinMarketCap
ERNEthernity ChainCoinMarketCap
ETCEthereum ClassicCoinMarketCap
ETHEthereumCoinMarketCap
FILFilecoinCoinMarketCap
FLOWFlowCoinMarketCap
FLUXFluxCoinMarketCap
FORForTubeCoinMarketCap
FRONTFrontierCoinMarketCap
FTMFantomCoinMarketCap
FTTFTX TokenCoinMarketCap
GALAGalaCoinMarketCap
GHSTAavegotchiCoinMarketCap
GMTGMTCoinMarketCap
GRTThe GraphCoinMarketCap
HBARHederaCoinMarketCap
HIGHHighstreetCoinMarketCap
HOTHoloCoinMarketCap
HTHuobi TokenCoinMarketCap
HUSDHUSDCoinMarketCap
ICPInternet ComputerCoinMarketCap
IDSPACE IDCoinMarketCap
IMXImmutableCoinMarketCap
IOTAIOTACoinMarketCap
IOTXIoTeXCoinMarketCap
JASMYJasmyCoinCoinMarketCap
JSTJUSTCoinMarketCap
JUVJuventus Fan TokenCoinMarketCap
KEEPKeep NetworkCoinMarketCap
KEYSelfKeyCoinMarketCap
KNCKyber Network CrystalCoinMarketCap
KP3RKeep3rV1CoinMarketCap
KSMKusamaCoinMarketCap
LINKChainlinkCoinMarketCap
LOOKSLooksRareCoinMarketCap
LRCLoopringCoinMarketCap
LTCLitecoinCoinMarketCap
LTOLTO NetworkCoinMarketCap
LUNATerraCoinMarketCap
LUNCTerra Luna ClassicCoinMarketCap
MANADecentralandCoinMarketCap
MASKMask NetworkCoinMarketCap
MATICPolygonCoinMarketCap
MBOXMOBOXCoinMarketCap
MCMerit CircleCoinMarketCap
MDXMdexCoinMarketCap
MKRMakerCoinMarketCap
MLXCMarvellex ClassicCoinMarketCap
NEARNEAR ProtocolCoinMarketCap
NFTAINFTCoinMarketCap
NVANoVa BattlesCoinMarketCap
O3O3 SwapCoinMarketCap
OGOG Fan TokenCoinMarketCap
OKBOKBCoinMarketCap
OMGOMG NetworkCoinMarketCap
ONGOntology GasCoinMarketCap
ONTOntologyCoinMarketCap
OOKIOoki ProtocolCoinMarketCap
OPOptimismCoinMarketCap
OXTOrchidCoinMarketCap
PAX/USDPPax DollarCoinMarketCap
PAXGPAX GoldCoinMarketCap
PEOPLEConstitutionDAOCoinMarketCap
PEPEPepeCoinMarketCap
PLAPlayDappCoinMarketCap
PONDMarlinCoinMarketCap
PORTOFC Porto Fan TokenCoinMarketCap
POWRPowerledgerCoinMarketCap
PSGParis Saint-Germain Fan TokenCoinMarketCap
PYRVulcan ForgedCoinMarketCap
QIBENQICoinMarketCap
QNTQuantCoinMarketCap
QTUMQtumCoinMarketCap
RARESuperRareCoinMarketCap
RDNTRadiant CapitalCoinMarketCap
RENRenCoinMarketCap
REQRequestCoinMarketCap
RNDRRenderCoinMarketCap
SANDThe SandboxCoinMarketCap
SANTOSSantos FC Fan TokenCoinMarketCap
SFPSafePalCoinMarketCap
SHIBShiba InuCoinMarketCap
SLPSmooth Love PotionCoinMarketCap
SNXSynthetix Network TokenCoinMarketCap
SOFIRAI FinanceCoinMarketCap
SOLSolanaCoinMarketCap
SPELLSpell TokenCoinMarketCap
SQUIDSquid GameCoinMarketCap
SRMSerumCoinMarketCap
STXStacksCoinMarketCap
SUISuiCoinMarketCap
SUNSUN TokenCoinMarketCap
SUSHISushiSwapCoinMarketCap
SXPSolarCoinMarketCap
TFUELTheta FuelCoinMarketCap
THETATheta NetworkCoinMarketCap
TLMAlien WorldsCoinMarketCap
TONToncoinCoinMarketCap
TRXTRONCoinMarketCap
TVKTerra Virtua KolectCoinMarketCap
UNIUniswapCoinMarketCap
USDCUSD CoinCoinMarketCap
USDTTetherCoinMarketCap
USTCTerraClassicUSDCoinMarketCap
VETVeChainCoinMarketCap
VGXVGX TokenCoinMarketCap
VOXELVoxiesCoinMarketCap
VRAVerasityCoinMarketCap
VTHOVeThor TokenCoinMarketCap
WINWINkLinkCoinMarketCap
WLDWorldcoinCoinMarketCap
WOOWOO NetworkCoinMarketCap
XCHChiaCoinMarketCap
XLMStellarCoinMarketCap
XMRMoneroCoinMarketCap
XRPXRPCoinMarketCap
XTZTezosCoinMarketCap
YFIyearn.financeCoinMarketCap
YFIIDFI.MoneyCoinMarketCap
YGGYield Guild GamesCoinMarketCap

* This list is subject to change. Assets may be added or removed in accordance with Metra's Virtual Asset Standards and applicable VARA requirements.