Score
MTFE
Canada|2-5 years| http://www.mtfe.ca/
Website
Rating Index
Contact
Licenses
Licensed Institution：TOP 1 MARKETS PTY LTD.
License No.：001276870
Single Core
1G
40G
1M*ADSL
- This broker has been verified to be illegal and all of its licences have expired, and it has been listed in WikiFX's Scam Brokers list. Please be aware of the risk!
Basic information
Canada
Scam Brokers 2-5 years Suspicious Regulatory License Suspicious Scope of Business High potential riskUsers who viewed MTFE also viewed..
XM
- 10-15 years |
- Regulated in Australia |
- Market Making(MM) |
- MT4 Full License
Neex
- 15-20 years |
- Regulated in Australia |
- Market Making(MM) |
- MT4 Full License
MultiBank Group
- 10-15 years |
- Regulated in Australia |
- Market Making(MM) |
- MT4 Full License
IC Markets Global
- 15-20 years |
- Regulated in Australia |
- Market Making(MM) |
- MT4 Full License
Website
mtfe.ca
Server Location
Hong Kong
Website Domain Name
mtfe.ca
Server IP
52.128.241.50
Company Summary
General Information
MTFE (METAVERSE FOREIGN EXCHANGE GROUP INC) is a Canada-based financial institution, providing access to a range of financial markets, including Forex, Commodities, Indices, Stocks.
Regulatory Details
MTFE (METAVERSE FOREIGN EXCHANGE GROUP INC). companies provide services in accordance with local regulations and have their own licenses and licenses to operate services. MTFE is regulated by the Canadian FINTRAC - Money services business. Authorized Regulatory Authority (MSB). (No.: M22076570) provides corresponding financial services to professional and institutional clients.
Market Instruments
MTFE does not provide any advice or opinion on the purchase, holding or sale of its trading products. All products this broker offer are OTC derivatives based on global assets. All Services provided by MTFE are based solely on execution of trading orders.
With MTFE, investors can get access to the following financial markets:
Forex currency pairs
Commodities
Indices
Stocks
Cryptocurrency
Account Types
MTFE fails to provide various tiered account options, only a live account and a demo account available. You have to admit that free training account plays a vital role in making you get familiar with this platform, practice your trading strategies without risking your real capitals.
Trading Volume
Trading particular instruments on MTFE on this platform, you need to figure out its minimum and maximum trading volume. Here is what MTFE sets: minimum transaction 0.01 lot, maximum trading transaction 20 lot. Trading hours varies depending particular trading assets.
Spreads & Commissions
Believe or not, spreads offered by this MTFE is much higher than many other brokers, and thats the reason why we suggest you to choose a better alternative.
Trading Platforms Available
However, lack of MT4 or MT5 trading platform makes this broker less reliable, overall. What this broker provides is their proprietary trading platform that can be downloaded on any devices, including IOS, Android, and Web devices.
Deposit & Withdrawal
MTFE leaves us nothing concerning payment methods supported, only one promise: Withdrawal request will be processed quickly, and funds will be deposited into your bank account immediately.
I Would say it is weird for a broker to do so.
Customer Support
MTFE seems to offer 24/7 multilingual customer support, which can obviously stand out among many competitors. I tested its online chat support, and their customer support staff did have a good performance, answering my questions responsively and professionally. More diversified contact channels, like phone, email, social media platform, etc, are not available.
Restricted Regions
Please note that MTFE doesnt accept traders from the United States, Belgium, Iran and North Korea.
Keywords
- Scam Brokers
- 2-5 years
- Suspicious Regulatory License
- Suspicious Scope of Business
- High potential risk
News
News CHARITY: MTFE BD TEAM MTFE Group distributes supplies to depressed and needy people
On March 7, 2023, MTFE’s Bangladesh team will distribute supplies to local "depressed and needy people" in Bangladesh. The slogan is "MTFE Group is always with the world's depressed people".
2023-03-10 17:15
News MTFE Nigeria Guideline
Recently, MTFE has been sought after by many people in Nigeria. It is reported that the group started its globalization strategy in June last year, and has established more than 100 offline operation service centers in more than 20 countries around the world.
2023-03-09 01:52
News MTFE is gaining its popularity in Bangladesh
Combining its AI technology with real-world financial trading
2023-02-28 22:09
News MOBASSHER IBAD, CEO OF MTFE DUBAI, ATTENDS THE NEW MTFE OFFICE LAUNCHING PROGRAM AT ROLEX TOWER
On February 14, someone associated with MTFE released a video on YouTube. In this video, we can see that the forex broker, MTFE, launched a new office program at Rolex Tower, Bur Dubai. The CEO of MTFE Dubai, Md. Mobassher Ibad, has attended this new official launching ceremony program.
2023-02-14 16:28
News The excellent CEO of MTFE (SINOJ) held the Kerala India Cup of 2023 to pay tribute to Messi.
According to the report, MTFE held the Kerala India Cup of 2023 to pay tribute to Messi.
2023-02-05 08:00
News India Kerala Excellent CEO (Ameer) MTFE Operation Center was established
on January 12, 2023, MTFE established one more operation center in Kerala, India.
2023-01-13 18:14
Review 79
Content you want to comment
Please enter...
Review 79
TOP 
Chrome
Chrome extension
Global Forex Broker Regulatory Inquiry
Browse the forex broker websites and identify the legit and fraud brokers accurately
Install Now
sudesh
Sri Lanka
My two positions were blown up and when I contacted the coustomer service they never responded. I could save my money suerly.
Exposure
2023-03-14
EmranSirajy
Bangladesh
They put me on the street and put all the money in here after borrowing money
Exposure
2023-03-14
BuraQ
Pakistan
Mtfe platform index all fake currency and hand control.. many people loss menoy in Mtfe platform .. loss menoy reason fake currency
Exposure
05-13
getremo
India
MTFE is collecting huge fund from India, Bangladesh and Africa through 3 Level Commission through its MLM program. It is taking high spread and Commission, so that no one can make profit by manual trading. All clients who have account with MTFE are forced to use their AI Trading which enables them to loot all public funds in a single trade one fine day. All traders be careful
Exposure
2023-03-06
Mohammed6630
Jordan
i waited you about a month ago you didn’t respond to me or text back for any news …. the commission getting more and more and i cant do anything to have it …. the broker took my money … and the company stole everything i did …. if you cant help just say that …. publish it please … and lets all the investors see how the company are phony and lieing for the investors to invest in their company…. i want to speak with yours lawyer please let us take down the phony and misleading company… and stop the company of stoling any money from any one
Exposure
2023-02-27
Amir_Alqattri
Jordan
Losing more than half of my money during my entry into the company in a month
Exposure
2023-02-23
FX1607135367
United Arab Emirates
on 20-2-2023 many clients faced huge loss nearly close to empty wallets by using ai artificial intelligence. but some of them didn't had loss ai strategy must be same then why some of the clients are getting profit and some of them are losing nearly there entire money this is very suspicious please check weather mtfe is legit its software and everything is legit or not or someone else is doing this propaganda against mtfe please check this is becoming very suspicious now
Exposure
2023-02-22
Kwazi
South Africa
I put lot off people but I don't get my Commition, still weiting still now what happened please help me
Exposure
2023-02-15
vinner2016
Saudi Arabia
I've lost around 90℅ of my money with this broker because they took it from me , our leader (attached her profile and contact number)sent us a signal called DNNC as her mentor who worked inside told her alrhough was not exist in any platform only in MTFE, once we trade the signal after a minute maybe we got a servere slippage and this is not the first time we had the same problem before and they announced that they have mistaken but now they did it on purpose cause its not logical how the chart went down so quickly not like any other cryptocurrency. During that time I've searched everywhere to find a way to expose them or to contact anyone for help so i didn't have anyone to contact with cause WhatsApp we got zero response but when I heard about you guys I thought that I have a chance to get my money back from them , and we had a team on a WhatsApp group everyone lost their money in less than a minute, that's not acceptable and wrong,, so please help me get back what I've lost. Thanks. Around 950USD
Exposure
2023-02-08
vinner2016
Saudi Arabia
I've lost around 90℅ money with this broker because they took it from me ,they had sent us a signal called DNNC which was not exist in any platform once we trade the signal after a minute maybe we got a servere slippage and this is not the first time we had the same problem before and they announced that they have mistaken but now they did it on purpose cause its not logical how the chart went down so quickly not like any other cryptocurrency. And also they had rejected my withdrawal which supposed to take only 3 working days from 16 Nov 2022 to be transferred to external wallet but i believe they delayed it intentionally to rejected later . During that time I've searched everywhere to find a way to expose them or to contact anyone for help so i didn't have anyone to contact with cause WhatsApp we got zero response but when I heard about you guys I thought that I have a chance to get my money back from them , and we had a team on a WhatsApp group everyone lost their money in less than a minute, that's not acceptable and wrong,, so please help me get back what I've lost. Thanks. 10507.96 USD
Exposure
2023-02-07
abdmola
Libya
The robot and the so-called artificial intelligence is a huge loss and the breakdown of my capital is a very big scandal, and I ask for compensation in the capital
Exposure
2023-02-04
Basem_Salbad
Saudi Arabia
I've lost all my money on (MTFE) because they took it from me ,they send us a signal called DNNC which not exist in any platform once they give us the signal after a minute maybe we got a slippage and this's not the first time we had the same problem before and they announced that they have mistaken but now they did it on purpose cause its not logical how the chart went down so quickly not like any other cryptocurrency, at that time I've searched everywhere to find a way to expose them or to contact anyone for help so i didn't have anyone to contact with cause WhatsApp we got zero response but when I heard about you guys I thought that I have a chance to get my money back from them , and we had a team on a WhatsApp group everyone lost their money in less than a minute, that's not acceptable and wrong,, so please help me get back what I've lost. Thanks
Exposure
2023-02-03
Mohammed6630
Jordan
i waited for over 2 month and they said that im laundarying money or something ….. they took it without any reason I talked with brokers and said just said gou dont have any money you should just change your account and open new one … i said that whats about the people i get and tired to get them …. they said you are no longer in our service … open new accout
Exposure
2023-01-29
Adhi4341
India
I tried to transfer 25$ from my assets to wallet, the amount has been deducted from my asset but its not credited in my wallet. No response from the customer support
Exposure
2023-01-25
Amir_Alqattri
Jordan
The company caused serious decline and fraud by sending signals to customers to show serious decline in transactions, which led to the explosion of my account and the customer account of the fraudulent company
Exposure
2023-01-25
salbad
Jordan
my other account I have commission more then 4800 dollar for Almost 4 money am talking to them to let me transfer it and they keep telling me they wait kyc and I have been with them since 1 year and half and they don't let me transfer my money and also they scammed all my member money so please get at least my commission from them
Exposure
2023-01-24
salbad
Jordan
mtfe they send a signal to all my member and get all our money more then 85k dollar and my money more then 5000 dollar
Exposure
2023-01-24
Amir_Alqattri
Jordan
Sending a signal from a company (mtfe-losing deal) for intentional loss and fraud
Exposure
2023-01-24
Basem_Salbad
Saudi Arabia
We took the deal from the broker (MTFE) via WhatsApp, and in moments there was a severe slippage and I lost everything I had in the program.
Exposure
2023-01-24
Amir_Alqattri
Jordan
I lost more than half of my money within a month of entering consecutive losses and not managing the risks of capital in the automated trading allocated to the company
Exposure
2023-01-21