The trader is so furious about this. from qocsuing's blog

The trader is so furious about this.
Abstract: MTFE recently opened multiple operation centers in the Middle East and South Asia. This broker seems to grow too rapidly to be trusted. WikiFX received a lot of exposure against MTFE from traders. We wonder if MTFE can be trusted. In today’s article, we will show one of those cases of how MTFE scammed people’s money based on the evidence gathered by WikiFX.

Search "MTFE" on for more specific information about this broker.

About MTFE
MTFE recently opened multiple operation centers in the Middle East and South Asia despite that this broker has only 2 years of trading experience. On March 7, 2023, the MTFEs Bangladesh team distributed supplies to local “depressed and needy people” in Bangladesh. The slogan is “MTFE Group is always with the world depressed people”. MTFE is also vigorously promoting its AI trading system. Traders don't have to spend too much time managing their accounts, and the AI system can automatically handle it. However, many traders accuse MTFE of scams. The biggest problem that this broker has lies in withdrawal rejection.

About WikiFX
WikiFX is an authoritative global inquiry platform providing basic information inquiry and regulatory license inquiry. WikiFX can evaluate the safety and reliability of more than 40,000 global forex brokers. WikiFX gives you a huge advantage while seeking the best forex brokers.
According to WikiFX, MTFE has been given a decent score of 1.23/10.

Description of the case in brief
One trader told WikiFX that he used to have 4800usd in his wallet. MTFE keeps delaying the withdrawal. The withdrawal should take 2 to 3 working days but they made him wait 4 days which was the blow day like they knew the trader will trade the signal. The customer service keeps wasting this trader’s time, which makes the trader become angry.
Evidence gathered by WikiFX
Below are the victim’s proof and chats with the MTFE customer service.

Many scam brokers like to make an excuse to delay clients’ withdrawals and ask the clients to deposit more money when the clients want to withdraw. We believe that MTFE is getting involved in a scam. The reason why WikiFX exposed this case to the public is to remind all traders of the potential risks. All traders should be vigilant when investing in a broker.
WikiFX is actively reaching out to the victim and other traders hoping to find more evidence to help him resolve the problem. Please stay tuned for more information.
WikiFX keeps track of developments, providing instant updates on individual traders and helping investors avoid unscrupulous brokers. If you want to know whether a broker is safe or not, be sure to open WikiFX’s official website ( or download the WikiFX APP through this link ( to evaluate the safety and reliability of this broker!

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