MTFE is a forex and cryptocurrency trading platform that claims to offer high returns to its investors. However, there is a growing body of evidence that suggests that MTFE is a scam.
In this article, we will take a closer look at MTFE and explain why you should avoid it at all costs.
Company Overview
MTFE is a relatively new company, having been founded in 2022. The company’s website claims that it is headquartered in Canada, but there is no evidence to support this claim.
MTFE does not have any financial licenses or regulatory oversight. This means that there is no governing body that can protect investors from fraud or abuse.
Does MTFE Have Any License?
No, MTFE does not have any financial licenses or regulatory oversight. They should have a license from their origin country. But, they don’t have that license. This means that there is no governing body that can protect investors from fraud or abuse.
Is MTFE Regulated By Any Authority?
No, MTFE is not regulated by any financial authority. This is a major red flag, as regulated brokers are subject to strict rules and regulations that help to protect investors.
Pros and Cons
Pros:
- The minimum deposit is low.
- There are a variety of trading products available.
Cons:
- MTFE is not regulated by any financial authority.
- There have been reports of MTFE engaging in fraudulent activities.
- The returns offered by MTFE are unrealistic.
How Does MTFE Reach To Their Prey?
MTFE uses a variety of methods to reach out to potential investors, including:
- Online advertisements
- Social media
- Cold calls
MTFE’s ads often make unrealistic promises of high returns with little or no risk. They also target people who are new to trading or who are looking for a quick way to make money.
Technical Details
Minimum Deposit:
The minimum deposit for MTFE is $250.
Trading Platform:
MTFE’s trading platform is a web-based platform that is compatible with Windows, Mac, and Linux. The platform offers a variety of trading features, including charting, technical analysis, and order execution.
Spread:
The spread for MTFE is variable and depends on the trading instrument.
Leverages:
They offer leverage up to 1:100. This means that you can control a position worth $100 with a deposit of $10.
Packages and Products They Offer
MTFE offers a variety of packages and products, including:
- A basic package that offers access to the trading platform and educational resources.
- A premium package that offers additional features, such as live chat support and access to a trading signals service.
- A copy trading service that allows you to copy the trades of experienced traders.
Withdrawal and Deposit Method
They offer a variety of withdrawal and deposit methods, including:
- Credit card
- Debit card
- Bank wire transfer
- Bitcoin
What Do Their Previous Traders Say?
There are a number of complaints about MTFE online from previous traders. These complaints include:
- Difficulty withdrawing funds
- Account freezes
- Unrealistic returns
- Fraudulent activities
Summing Up- Why Should Not You Trust MTFE
There are a number of reasons why you should not trust MTFE. These include:
- The company is not regulated by any financial authority.
- There have been reports of MTFE engaging in fraudulent activities.
- The returns offered by MTFE are unrealistic.
- The company’s website is full of misleading information.
If Bad Things Happen, Where Can You Get The Quick Solution?
If you have lost money to MTFE, you can contact a financial recovery service for help. These services can help you to investigate the matter and file a complaint with the appropriate authorities.
If you need professional guidance and the right recovery options for your case, you can contact us. Our experts will provide you with these two supports through a free consultation call.
File A Complaint Against Scam Broker's
Final Thoughts
MTFE is a scam broker that should be avoided at all costs. If you are considering investing with MTFE, we advise you to reconsider. There are many legitimate forex and cryptocurrency trading platforms available, so there is no need to risk your money with a scam broker like MTFE.
If you have any questions or concerns about MTFE, please feel free to contact us. We are happy to help you in any way that we can.
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