MTFE

Sri Lanka

several days i tried to login to my account. at that time error massage come incorrect account or password. company not support to change the paasword.

Exposure

2022-11-14

ﾉﾚﾚ乇Ǥﾑﾚ0ﾚv

Algeria

Mu name is sofian Alzghoul, I've been an Investor in MTFE for two months account ID (1557908) Today on November 29th 14:40GMT I opened up a position in the application and due to the application bugging I lost all of the Trading margin that I opened up the deal with along with what I had in my net account value that I didn't enter the position with. I'm sad to report that after all the work and the profits and losses I had this was the worst since it was a SEVERE SLIPPAGE although I tried to close the deal before that happend more than two times (proofs in attachments) but due to the application bugging for about 3 minutes with the position open ,even the chart wasn't showing for me nor was there anychanges in the position as I was trying to close out on (700usd in loss). This bug didn't happen to ME ONLY ,I have 3 freinds that I know of who lost all investment over this bug too. The application has a stop lose mechanism that that didn't work too in a message with the support the said at 70% loss it should stop lose automatically although I had it at 30% manually , but instead the closing method for me was a BLOW OUT ,it even took what I had in my net account value with that one deal. Trading margin for this deal was 3163, and the rest of the fund was I started my investment journey with 3000USD had it up to about 4500USD and now my account is -10k which isn't logical and shouldn't happen if the stop loss had happened (proofs attached). I hope you mitigate this issue since the support team blamed this on market and investments risks and neglect the fact that the stop loss function didn't work and the application freezing in the middle of a transaction. I hereby appeal to a compensation since my loss was due to the application bugging in the middle of an opened position and even the automatic stop lose or the manual stop lose I had installed didn't work and lost the funds I used for the deal plus the funds I didn't use (had them in net account value).

Exposure

2022-11-30

salbad

Jordan

this month was hard for most of my members to withdrawal and when they talk with costumer service they said be patient they rejected 9 from 10 and allowed for 1 person to withdrawal then last week more then 80 people from my members withdrawal in Tuesday last week until today no one get and yesterday send a signal for us and took all our money ...so please this app will close soon so be careful

Exposure

2022-11-30

danch_996

Tanzania

Best Ever Trading Tool I have ever seen 💵😇

Positive

2023-07-11

FX9615844052

India

in India too may persons are using its robo trading facility

Neutral

2023-07-07

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

2023-03-13

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

Website

Company Summary

News

Wiki Q&A

Comment

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Official website

Website

mtfe.ca

52.128.241.50

Server Location

Hong Kong
ICP registration

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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

Exposure MTFE Blocks Withdrawals and Gives Fake Signals

Beginner traders frequently use forex signals to increase their success rate and enhance their trading experience. However, many need to be made aware that as much as signal trading sounds convenient and easy, it also has many underlying risks.

2023-03-14 17:33

Exposure The trader is so furious about this！

MTFE recently opened multiple operation centers in the Middle East and South Asia. This broker seems to be growing too rapidly to be trusted. In addition, WikiFX received a lot of exposure from traders against MTFE. We wonder if MTFE is reliable. In today’s article, we will show one of those cases of how MTFE scammed people out of their money based on the evidence gathered by WikiFX.

2023-03-14 16:56

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

Wiki Q&A

Five8

1-2 years

Is MTFE safe and legit to trade with?

MTFE’s registration with FINTRAC ensures it meets local anti-money laundering standards, but the broker lacks regulation from more recognized authorities, which leaves questions about the security of traders' funds. The lack of a regulatory framework from major bodies such as the FCA or ASIC raises concerns. When you attempt to login to MTFE, you might wonder if this broker is real or fake because the lack of oversight can sometimes be a red flag for potential fraud or misconduct. For me, this lack of regulation is a major concern, as it means there is little protection for traders in the event of disputes or mismanagement of funds. While MTFE might offer certain trading opportunities, it's important to understand that MTFE investment may come with higher risks due to the absence of stringent regulatory safeguards. I would recommend carefully weighing these risks before proceeding with MTFE trading.

How long does MTFE take for my withdrawal to be credited?

MTFE claims that withdrawal requests are processed quickly and that funds are deposited into your bank account immediately. However, there is no clear information provided about the actual time it takes for withdrawals to be processed. In my experience, brokers that do not specify withdrawal processing times can cause delays, leading to unnecessary frustration. For someone trading frequently or engaging in MTFE trading, fast access to funds is essential. Without a reliable time frame for withdrawals, I would recommend contacting MTFE’s support team to confirm how long it typically takes to process a withdrawal.

What is the minimum deposit in MTFE?

The minimum deposit required to start trading with MTFE is $100, which is quite affordable for new traders. This low barrier to entry makes it an attractive option for beginners who want to test their strategies without committing large sums of money. However, it’s important to keep in mind that while the deposit is low, the broker’s high spreads can make trading more expensive. Even though the initial deposit is affordable, MTFE investment might not be cost-effective in the long term due to the high spreads, which could erode any initial advantages of the low deposit.

What trading instruments are available on MTFE?