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Mfttrade

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Operating status: SCAM

Website: https://mfttrade.com/

Broker violations and abnormal records
  • 2023-04-17 BrokersView has Reviewed that Mfttrade is an Unregulated Broker

    There is no any regulatory information on its website. The truth is that Mfttrade is not under valid regulation by any regulators to do forex. Investors' funds in this broker are unsafe and cannot be protected by any law. Therefore, it is a scam.


    There is no any regulatory information on its website. The truth is that Mfttrade is not under valid regulation by any regulators to do forex. Investors' funds in this broker are unsafe and cannot be protected by any law. Therefore, it is a scam.

Related Complaints

Q&A

I need to know their office address, please help me.

Kondrat Yurii
Djibouti
2023-04-23
ANSWER Mfttrade is an unregulated broker we advise against trading with despite the seemingly attractive deals it offers.Mfttrade doesn't provide details about its regulatory status, which is a clear indication of an unlicensed broker as legitimate ones always prominently display their accreditation and licenses. In addition, we noticed that this broker claims to have phone numbers in the United Kingdom and Australia. Therefore we searched the Financial Conduct Authority (FCA) and the Australian Securities and Investments Commission (ASIC) registers for this broker, but didn't find any matching records.Regarding your question, we couldn't find details about Mfttrade's office since it is an unlicensed broker and not providing office address is a common feature of a fraudulent broker. Entrusting such brokers to hold and control your funds or trading with them is highly risky, as there are no safeguards in place to prevent fraud or theft. Therefore, we strongly suggest investors avoid dealing with unlicensed brokers like Mfttrade and opt for fully regulated ones instead.
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