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MTFE

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Operating status: SCAM

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

Broker violations and abnormal records
  • Feb 23, 2023 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.
  • Jun 29, 2023 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
  • Jul 13, 2025 BrokersView has identified that MTFE's website is currently offline

    BrokersView found that the domain "https://www.mtfe.ca/" is currently inaccessible. This is widely regarded as a significant red flag, as the suspension of a broker's website often points to underlying regulatory or operational issues.

    BrokersView found that the domain "https://www.mtfe.ca/" is currently inaccessible. This is widely regarded as a significant red flag, as the suspension of a broker's website often points to underlying regulatory or operational issues.

Related Complaints

Q&A

Is the mtfe website inaccessible now? How can I withdraw?

Ishak Suruadji
Indonesia
Aug 17, 2023
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
Jun 06, 2024
Reply
Nazar Hussain
Need work
Mar 23, 2024
Reply
sandeep srivastava
MTFE is scammer they have scammed me
Oct 10, 2023
Reply
Chanith Rajapaksha Mapa
100% Fake... It Scammed over 100Millions of $ in Sri Lanka recently. Beware about it....!
Sep 23, 2023
Reply
Ibrahim Umar
Assalamualaikum warahmatullah
Aug 28, 2023
1
Reply
hashi dananjaya
Scam
Aug 25, 2023
Reply
Léandre NDAYISENGA
MTFE is real
Jun 23, 2023
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
Aug 18, 2022
Reply
franklin thomas
MTFE is a big scam, users are having issues withdrawing their money for over a week now.
Aug 14, 2022
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
Aug 13, 2022
Reply

1-10 of 26 comments

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