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MTFE

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Operating status: SCAM

Website: https://www.mtfe.ca/

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 Suruadji
Indonesia
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.
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26 comments

Abubakar
Nice trading AI
2024-06-06
Reply
Nazar Hussain
Need work
2024-03-23
Reply
sandeep srivastava
MTFE is scammer they have scammed me
2023-10-10
Reply
Chanith Rajapaksha Mapa
100% Fake... It Scammed over 100Millions of $ in Sri Lanka recently. Beware about it....!
2023-09-23
Reply
Ibrahim Umar
Assalamualaikum warahmatullah
2023-08-28
1
Reply
hashi dananjaya
Scam
2023-08-25
Reply
Léandre NDAYISENGA
MTFE is real
2023-06-23
3
Reply
Olufunke Sarumi
I woke up this morning to discover all my money in two accounts with MTFE as disappeared. The accounts were thrown into negative balances please beware. Anyone who has an idea how to retrieve your money or report this platform please help . Thanks
2022-08-18
Reply
franklin thomas
MTFE is a big scam, users are having issues withdrawing their money for over a week now.
2022-08-14
Reply
Jafish
I've and my friends are almost trading 6 month in MTFE .why should you put wrong information like scam, fraud have you invest in MTFE. When your website declare any kind of publication just show to real proof.. Otherwise don't spread fake news
2022-08-13
Reply

1-10 of 26 comments

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