Detailed Information About "MTFE"

MTFE

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Operating status: SCAM

Broker violations and abnormal records

2023-02-23 BrokersView has reviewed that MTFE is an Unregulated Forex Broker
On MTFE website, it claims to be regulated under the Financial Transactions and Reports Analysis Centre of Canada (FINTRAC) (MSB No.: M22076570).
However, FINTRAC is Canada's financial intelligence unit and its mandate is to facilitate the detection, prevention and deterrence of money laundering and the financing of terrorist activities, while ensuring the protection of personal information under its control.It doesn't regulate any Forex investment activities.
The truth is, MTFE scam is not under valid regulation by any regulators to provide investment services. Investors' funds in this company are unsafe and cannot be protected by any law. It is a scam. Investors are advised against dealing with it, as MTFE trading service is fake.

On MTFE website, it claims to be regulated under the Financial Transactions and Reports Analysis Centre of Canada (FINTRAC) (MSB No.: M22076570).However, FINTRAC is Canada's financial intelligence unit and its mandate is to facilitate the detection, prevention and deterrence of money laundering and the financing of terrorist activities, while ensuring the protection of personal information under its control.It doesn't regulate any Forex investment activities.The truth is, MTFE scam is not under valid regulation by any regulators to provide investment services. Investors' funds in this company are unsafe and cannot be protected by any law. It is a scam. Investors are advised against dealing with it, as MTFE trading service is fake.
2023-06-29 The OSC issued a warning against MTFE
On June 30, 2023, the Ontario Securities Commission (OSC) issued a warning against MTFE, stating that this broker is not registered in Ontario to engage in the business of trading in securities:https://www.osc.ca/en/investors/warnings/metaverse-foreign-exchange-group-inc

On June 30, 2023, the Ontario Securities Commission (OSC) issued a warning against MTFE, stating that this broker is not registered in Ontario to engage in the business of trading in securities:https://www.osc.ca/en/investors/warnings/metaverse-foreign-exchange-group-inc

Related Complaints

Q&A

Is the mtfe website inaccessible now? How can I withdraw? Ishak SuruadjiIndonesia 2023-08-17 ANSWER MTFE's website is currently inaccessible. Due to its fraudulent nature, it is nearly impossible to successfully make a withdrawal.BrokersView has confirmed that MTFE is a Ponzi scheme, which refills its capital pool by attracting new investors and investments. It, in fact, doesn't provide a platform for investors to trade, and once they failed to lure more people into sending money to them, the scheme would immediately collapse.The broken website raises a red flag. In a lot of scams, fraudsters always disappear by disabling their websites and apps.We strongly suggest you stop sending any money to MTFE and do not provide any further personal information to them. Please collect relevant evidence and report it to local authorities. We kindly request you stay vigilant and do not fall for another kind of scam called "recovery scam", where con artists claim they are able to track your money and recover all your lost investments. The Financial Conduct Authority (FCA) has warned the public of such scams. See more

26 comments

SigridJane

I recently heard about it many times. And if it is in Canada, is it regulated by the IIROC? Sorry, I have been defrauded serveral times and I had to learn basic things about forex. I've read a lot of news about scammers, and licenses are part of important things a broker should have. Wait for your answer.

2022-07-05

Léandre NDAYISENGA

MTFE is real

2023-06-23

TOMMY LUKE

You got some info wrong, MTFE is registered and can be found on these regulators, also I have friends who have traded for over 2 years, yet you said MTFE came out 2022. Before the introduction of their Ai mode in 2022, users have been trading manually over the years. So please do a proper research and correct your review

2022-07-26

Babanyara fa*gge

You research is wrong you are just jealous for MTFE.I investigated based on the MSB number they provided on their web M22076570 MSB Canada approved this register number 2022 and it will end 2023 everyone can go and search.

2022-07-03

ala eddine Mrad

i have 2000$

2022-08-02

Ibrahim Umar

Assalamualaikum warahmatullah

2023-08-28

Abdurrashid Khalid

MTFE is a great team MTFE is a good to usi testing deposit and withdrawal is good for us

2022-08-11

Kennedy Bishop

SERIOUSLY?! I just put my money in it and now I find its website cannot be opened. Can anyone help??????? At first I did question about its license because why a Cananda company can do business in our country. From my personal experience, the Canada license cannot promise a firm's legitimacy in another country. But the seminars are sweeping across my country and my families have attended it. They believed in the extremely high ROI and persuaded me to make extra buck with them. My regret and fear grow as I am finding more people online alleging MTFE is a scam.

2022-07-28