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The WikiFX Score of this broker is reduced because of too many complaints!

MTFE

Canada|2-5 years|
Suspicious Regulatory License|Suspicious Scope of Business|High potential risk|

http://www.mtfe.ca/

Website

Rating Index

Contact

http://www.mtfe.ca/
500-7030 WOODBINE AVE MARKHAM ON L3R 6G2
The WikiFX Score of this broker is reduced because of too many complaints!

Licenses

VPS Standard
No restriction on the broker account. Support service provided by WikiFX

Single Core

1G

40G

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Broker Information

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Company Name

MTFE Group

Company Abbreviation

MTFE

Platform registered country and region

Canada

Company website

Pyramid scheme complaint

Expose

Check whenever you want

Download App for complete information

This platform is a Ponzi Scheme. Please stay away! 5
Previous Detection : 2024-05-18
  • 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!
  • The platform is a Ponzi Scheme, which refers to the use of "principle of value multiplication". In the form of rolling or static fund circulation, it uses the money of next member to pay to the present one, which is essentially a pyramid scheme with the distinction of hidden, deceptive and socially harmful. By calling common person's desire for money, fraudsters in the platform begin raising funds underground. Since this kind of platform mostly will abscond after 1 or 2 years, the fund-raising mode just can exist less than 3 years.

WikiFX Verification

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Others

ai artificial intelligence is suspicious

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

2023-02-22 07:10
Severe Slippage

Severe Slippage

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

2023-02-07 21:06

    MTFE · 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.

    spread-comission

    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.

    News

    CHARITY: MTFE BD TEAM MTFE Group distributes supplies to depressed and needy people

    NewsCHARITY: MTFE BD TEAM MTFE Group distributes supplies to depressed and needy people

    2023-03-10 17:15

    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". 

    WikiFX
    2023-03-10 17:15
    News
    CHARITY: MTFE BD TEAM MTFE Group distributes supplies to depressed and needy people
    MTFE Nigeria Guideline

    NewsMTFE Nigeria Guideline

    2023-03-09 01:52

    ​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.

    WikiFX
    2023-03-09 01:52
    News
    MTFE Nigeria Guideline
    MOBASSHER IBAD, CEO OF MTFE DUBAI, ATTENDS THE NEW MTFE OFFICE LAUNCHING PROGRAM AT ROLEX TOWER

    NewsMOBASSHER IBAD, CEO OF MTFE DUBAI, ATTENDS THE NEW MTFE OFFICE LAUNCHING PROGRAM AT ROLEX TOWER

    2023-02-14 16:28

    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.

    WikiFX
    2023-02-14 16:28
    News
    MOBASSHER IBAD, CEO OF MTFE DUBAI, ATTENDS THE NEW MTFE OFFICE LAUNCHING PROGRAM AT ROLEX TOWER
    The excellent CEO of MTFE (SINOJ) held the Kerala India Cup of 2023 to pay tribute to Messi.

    NewsThe excellent CEO of MTFE (SINOJ) held the Kerala India Cup of 2023 to pay tribute to Messi.

    2023-02-05 08:00

    According to the report, MTFE held the Kerala India Cup of 2023 to pay tribute to Messi.

    WikiFX
    2023-02-05 08:00
    News
    The excellent CEO of MTFE (SINOJ) held the Kerala India Cup of 2023 to pay tribute to Messi.

    User Reviews

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    70

    Comments

    Write a review

    Moin2612
    6-12months
    Finally MTFE scammed above $1 billion dollar in Bangladesh in this month Aug 2023, so all investors be careful about MTFE.
    2023-08-19 12:47
    Reply
    0
    0
    Moin2612
    6-12months
    MTFE already did scam, from Banglades near about $2 billion dollar they scammed. Stay awaya from this fraud broker.
    2023-08-18 21:48
    Reply
    0
    0
    FX1020537111
    more than one year
    Greet broker
    2023-08-15 21:44
    Reply
    0
    0
    ForexSam
    6-12months
    Best trading app ever😍
    2023-07-26 05:04
    Reply
    0
    0
    Mustafa416
    more than one year
    Best earning. Life changer
    2023-07-20 18:17
    Reply
    0
    0
    Kishor3937
    6-12months
    Very good platform for marketing
    2023-07-20 14:41
    Reply
    0
    0
    danch_996
    6-12months
    Best Ever Trading Tool I have ever seen 💵😇
    2023-07-11 15:14
    Reply
    0
    1
    FX9615844052
    more than one year
    in India too may persons are using its robo trading facility
    2023-07-07 21:08
    Reply
    0
    0
    Ashan1527
    6-12months
    I wish don't you scam ever MTFE 😍🤩
    2023-06-12 02:36
    Reply
    0
    3
    Sobuj8349
    6-12months
    Good platform but support is very bad
    2023-05-30 03:36
    Reply
    0
    0
    FX3423245823
    more than one year
    Life change
    2023-05-26 23:30
    Reply
    0
    1
    FX2440421354
    more than one year
    Nice app love it
    2023-04-25 17:44
    Reply
    0
    1
    Dilu
    more than one year
    Nice platform with great ideas
    2023-03-30 14:28
    Reply
    0
    1
    Adhi4341
    more than one year
    They are scam now
    2023-03-17 19:01
    Reply
    0
    0
    Shadab2224
    more than one year
    It is v very good platform
    2023-03-15 18:38
    Reply
    0
    2
    FX1371741629
    more than one year
    🤬Stay away! MTFE is totally a fraudulent company, everything they do is merely part of a Ponzi scheme. They closed my account and I still have thousands of dollars in my account that I haven't withdrawn... I have exposed this platform here, and I sincerely hope my experience can help you guys to stay vigilant, and don't let my tragedy repeat itself...
    2023-03-15 10:43
    1
    0
    0
    FX3372621559
    more than one year
    it was great platform
    2023-03-14 19:11
    Reply
    0
    2
    丝艺名剪&彬
    more than one year
    A complete con There's no way to track them down because they're just accepting cryptocurrency. To get more money from you, they send out agents to different countries.
    2023-02-17 11:09
    Reply
    0
    0
    Hussein 5058
    more than one year
    very good platfom
    2022-12-26 13:15
    Reply
    1
    3
    barry3820
    more than one year
    best app
    2022-12-23 01:19
    Reply
    1
    1
    26
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    You are visiting the WikiFX website. WikiFX Internet and its mobile products are an enterprise information searching tool for global users. When using WikiFX products, users should consciously abide by the relevant laws and regulations of the country and region where they are located.
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