Global Broker Regulation Inquiry App
About WikiFX

Score

0 1 2 3 4 5 6 7 8 9
.
0 1 2 3 4 5 6 7 8 9
0 1 2 3 4 5 6 7 8 9
/10

MTFXG

Saint Vincent and the Grenadines Saint Vincent and the Grenadines | 5-10 years |
ECN Account Questionable Regulatory License | Suspicious Operational Region | High Potential Risk

https://mtfxg.com/

Website

Rating Index

Contact

https://mtfxg.com/
Suite 305, Griffith Corporate Centre, Kingstwon, St Vincent and the Grendines with registration number 26342 BC2021 Kingstown

license Forex License

No forex trading license found. Please be aware of the risks.

Warning: Low score, please stay away!
  • This broker lacks valid forex regulation. Please be aware of the risk!
2

Basic Information

Registered Region
Saint Vincent and the Grenadines
Operating Period
5-10 years
Company Name
MTFXG Services Limited
Email
support@mtfxg.com
Company Website
Address
Suite 305, Griffith Corporate Centre, Kingstwon, St Vincent and the Grendines with registration number 26342 BC2021 Kingstown
Account Info
Verified Site
About Us
Wiki Q&A
Comment

Users who viewed MTFXG also viewed..

AVATRADE

AVATRADE

9.27
Score
ECN Account15-20 yearsRegulated in AustraliaMarket Making License (MM)MT4 Full License
AVATRADE
AVATRADE
Score
9.27
ECN Account15-20 yearsRegulated in AustraliaMarket Making License (MM)MT4 Full License
Official Website
GTCFX

GTCFX

9.23
Score
ECN Account15-20 yearsRegulated in United KingdomMarket Making License (MM)MT4 Full License
GTCFX
GTCFX
Score
9.23
ECN Account15-20 yearsRegulated in United KingdomMarket Making License (MM)MT4 Full License
Official Website
Exness

Exness

8.33
Score
10-15 yearsRegulated in CyprusMarket Making License (MM)MT4 Full License
Exness
Exness
Score
8.33
10-15 yearsRegulated in CyprusMarket Making License (MM)MT4 Full License
Official Website
fpmarkets

fpmarkets

8.88
Score
ECN Account20+ yearsRegulated in AustraliaMarket Making License (MM)MT4 Full License
fpmarkets
fpmarkets
Score
8.88
ECN Account20+ yearsRegulated in AustraliaMarket Making License (MM)MT4 Full License
Official Website

Verified Site

  • mtfxg.com
    172.67.205.228
    Server Location
    United States United States
    ICP Registration No.
    --
    Top Visitor Locations
    --
    Creation Date
    --
    Website Name
    --
    Company
    --

Company Profile

Company Profile

Review summary

General Information

MTFXG is an offshore forex broker, registered in Saint Vincent and the Grenadines, claiming to offer its clients direct access to world stocks and currency markets. MTFXG hypes that it offers more than 200 trading instruments, 10 payment methods, and 4 trading accounts for traders to choose from.

Please note that MTFXG is not authorized or regulated by any regulatory authorities. Although this clone does not mean that this brokerage is a scam, investors should take extra vigilance before trading with this brokerage.

General

Market Instruments

MTFXG says it offers a bulk of more than trading instruments, including Forex Trading, Stock CFDs, CFDs Indices, Precious Metals, Energy, as well as Cryptocurrency.

Account Types

With MTFXG, four live trading accounts are available, namely Standard, ECN Zero, ECN, and Pro accounts. To open the most basic account, the Standard account, investors only need to fund an acceptable minimum initial deposit of $100 into the account, with the ECN Zero account the same requirement. While other two accounts, the ECN account, and Pro Account, require a much high initial deposit, from $1,000 and $10,000, respectively. These four trading accounts are designed for traders with different trading needs and experiences. The Standard account is suitable for all kinds of traders, while ECN and Professional Accounts are ideal for professional traders and traders with large trading volumes.

Besides, demo accounts and swap-free accounts are also available.

Leverage

Trading leverage varies depending on both trading instruments and trading accounts, with the maximum trading leverage on forex majors reaching up to 1:1000, which is considered high. More detailed leverage info is listed below:

  • Forex Majors: leverage up to 1:1000

  • Forex Minors: leverage up to 1:500

  • Metal: leverage up to 1:200

  • Cryptocurrencies: leverage up to 1:100

  • CFD Stocks: leverage up to 1:10

Since leverage can amplify gains as well as losses, investors are advised to choose the proper amount based on their trading style and risk tolerance.

Leverage

Spreads & Commissions

Spreads & Commissions are determined by different trading accounts. The Standard and ECN Zero accounts are offering a zero-commission trading environment, with spreads from 3 pips, and 1.6 pips, respectively. The ECN account and Pro account offer more competitive spreads, accompanied by a commission for execution charged. With the ECN account, the minimum spreads start from 0.8 pips, with a commission of $1 fixed per side, and the Pro account offers the spreads from 0.3 pips, with a commission of $3 fixed per side.

Trading Platform

MTFXG offers its clients access to the leading MT4 trading platform, which can be accessed on any device. The MT4 trading platform is chosen by most forex traders and brokers around the world, featuring a user-friendly interface, a large number of technical indicators, charts opened up to 10, as well as EA (Expert Advisors) supported to help traders gain a favorable position in their forex trading journey.

Copy Trading

MTFXG offers copy trading to allow its inexperienced traders or beginners to trade easily with Pro traders strategies.

Trading Bot

MTFXG developed an M Future Bot for its clients to join the MTFXG trading bot community to earn profits with global users, which is easy to operate:

  • Select a trading strategy

  • Invest Funds

  • Start earning

  • Deposit & Withdrawal

    MTFXG promises that it ensures a 24 x7 withdrawal application. Traders can make a deposit and withdrawal through multiple payment methods, including VISA, MasterCard, Skrill, Neteller, Bank Transfer, and Bitcoin. The minimum deposit is $100, while the minimum withdrawal amount is not disclosed.

    Deposit

    Educational Resources

    Some educational resources are also available with the MTFXG platform, which includes some forex basics like Forex Trading for Beginners, Forex Guide, Forex Basic, Forex Education, Forex Videos, as well as some trading tools, such as Economic Calendar, Daily Market Update, Forex News.

    Customer Support

    MTFXG says it offers 7 x24 customer support, and traders with any inquiries can get access to its customer care through the following channels:

    Email: support@mtfxg.com

    A Contact Form

    Online Communication

    Also, you can follow MTFXG on some social media platforms including Facebook, Instagram, Youtube, and Twitter.

    Please note that the information contained in this introduction is for general information purposes only.

Company Profile

  • 5-10 years
  • Questionable Regulatory License
  • Suspicious Operational Region
  • High Potential Risk

Wiki Q&A

Is MTFXG regulated?

No, MTFXG operates without a verified regulatory license from any mainstream financial authority. The broker is registered in Saint Vincent and the Grenadines, a jurisdiction not known for active oversight of forex brokers, which means it functions outside the established framework of investor protection and regulatory supervision.

04-02
United States

What is the full company name of MTFXG?

The broker's full registered name is MTFXG Services Limited. The firm is based in Saint Vincent and the Grenadines and has been in operation for an estimated 5 to 10 years.

04-02
United States

How is the fund security of MTFXG evaluated?

According to WikiFX assessment, the fund security profile for MTFXG is assessed as fundamentally weak, primarily due to the complete absence of financial regulation. This creates a scenario where client funds lack segregation requirements and formal dispute resolution mechanisms typically mandated by top-tier regulators. WikiFX data indicates the firm's overall risk score is 1.50, underscoring the high-risk operational environment for traders.

04-02
United States

Can I recover my funds if I have been scammed by a broker?

Recovering funds after investment fraud can be difficult, but taking timely action may still help recover part of the losses. It is recommended to take the following actions immediately: keep trading records, chat records, and other evidence; contact the bank to try to stop or freeze the payment; report the case to local law enforcement agencies. In addition, investors can also use WikiFX complaint and exposure channels to increase the visibility of problematic platforms and improve the efficiency of rights protection.

04-02
United States

What are the most common and reputable forex regulatory authorities?

Common forex regulatory authorities include the Financial Conduct Authority (FCA) in the United Kingdom, the Australian Securities and Investments Commission (ASIC), the Commodity Futures Trading Commission (CFTC) and the Securities and Exchange Commission (SEC) in the United States, the Cyprus Securities and Exchange Commission (CySEC), and the Monetary Authority of Singapore (MAS). These regulatory authorities usually maintain relatively high regulatory standards, and brokers regulated by them generally have higher compliance levels. You can check broker ranking lists under different regulators on the WikiFX platform, such as brokers regulated by FCA, ASIC, and CySEC, so as to compare brokers under different regulatory backgrounds more clearly and make safer choices.

04-02
United States

How can I identify a scam or fraudulent forex broker?

A broker can be evaluated as a potential scam platform by considering multiple factors such as regulatory qualifications, user complaints, fund security, and platform data. In general, brokers without valid regulation, those that frequently have withdrawal problems, those with a large number of user complaints, or those providing false information usually carry higher risks. You can check the broker's regulatory status, overall rating, exposure records, and user reviews on the WikiFX platform, and make judgments based on multi-dimensional data to effectively identify and avoid scam platform risks.

04-02
United States

What is WikiFX, and how does it help investors?

WikiFX is a third-party platform that provides forex broker information inquiry and risk alerts. This type of platform mainly integrates brokers' regulatory information, user feedback, and historical records, and conducts comprehensive evaluation through a multi-dimensional model to help investors quickly understand the broker's basic situation and potential risks. By using such tools, investors can conduct preliminary screening before choosing a broker, thereby reducing decision-making risks caused by information asymmetry.

04-02
United States

What is a clone broker website?

A cloned broker website refers to a fraudulent website that imitates the information of a legitimate broker. Such websites usually copy the real company's brand name, page design, and even regulatory information to mislead investors into making deposits. Common features include: a domain name highly similar to the official website (such as slight spelling differences), abnormal or unverifiable contact information, and promises of unusually high returns. Once funds enter such platforms, they are usually difficult to recover. Investors can identify potential risks by checking the official domain name, verifying regulatory information, and using WikiFX for cross-verification.

04-02
United States
View More
Write a Review
1
Customer ServiceDownload AppScroll to TopTOP

Chrome

Chrome Extension

Global Forex Broker Regulation Query

Browse the forex broker websites and identify the legit and fraud brokers accurately

Install

Select Country/Region
United States
※ WikiFX compiles data from publicly available sources and user contributions. While we endeavor to maintain its accuracy, we do not warrant the information's completeness, accuracy, or timeliness, as it may become outdated. Investors are strongly advised to verify critical details with official sources before making any decisions.
You are visiting the WikiFX website. WikiFX Internet and its mobile products are an enterprise information searching tool for global users. When using WikiFX products, users should consciously abide by the relevant laws and regulations of the country and region where they are located.
consumer hotline:006531290538
Official Email:support@wikifx.com;
Mobile Phone Number:234 706 777 7762;61 449895363
Telegram:+60 103342306
Whatsapp:+852-6613 1970;
License or other information error corrections, please send the information to:qa@wikifx.com
Cooperation:business@wikifx.com