Beware! Trade MTF is an offshore broker! Your investment may be at risk.


Don’t put all your eggs in one basket. Open trading accounts with at least two brokers.


Trade MTF’s website looks impressive if you look at all the awards on display. However, how good it is to trade with this forex broker, we are about to find out.

Trade MTF Regulation and safety of funds

From the company’s website, we understand that this website is operated by TMTF Ltd with an address in the Marshall Islands. The Marshall Islands must be a paradise for non-licensed forex brokers as this jurisdiction does not have a financial regulator and anybody can register a company without even having to set a foot there. It also means that trading with such brokers is not safe and will expose your money at risk as there is no guarantee for the safety of your funds. We do not advise you to choose this broker as your trading partner.

And while perusing the Terms and Conditions document, we came upon something interesting that contradicts the above-mentioned information. It says that the website is solely owned by TRADEMTF in Vanuatu and that the company is subsidiary of Belight Capital Group licensed and regulated by CySec (screenshot below). We immediately checked CySec register to see if such company exists there. It doesn’t. Again, this is proof that this broker is shady and trading with it is at your own risk.



If you are wondering how to find a reliable and licensed broker, we can help. Just use the links we provide below. It is very important that the forex broker you select is for one of the well-established jurisdictions form around the world. For example, the EU and the UK provide one of the best conditions. First of all, forex brokers must meet stringent requirements in order to get licensed. They must have an initial capital of no less than 730,000 EUR and they must report their daily transactions to provide transparency. Clients’ accounts are kept separately in tier-1 banks. These, among other things, are measures to prevent scammers to sneak in. In addition to that, licensed brokers must contribute to compensation schemes of funds from which, in case of bankruptcy, clients get refunds. If the broker is regulated by FCA in the UK and contributes to the Financial Services Compensation Scheme, its traders will be repaid up to 85,000 EUR per person in case the broker is insolvent. In the EU, the amount up to which clients can be compensated is lower, but negligible – 20,000 EUR but only if the broker is regulated by CySec and contributes to the Investor Compensation Fund. These are perhaps the best conditions that can be offered to forex traders and we advise you to benefit from them.

In the jurisdictions of the US and Australia, there are no compensations schemes. Traders of licensed brokers there are protected from unfavourable events by the fact that the brokers in these jurisdictions must be well-capitalised in order to be licensed. The initial capital required from brokers in the US is the staggering amount of $20 million and in Australia is 1 million AUD. You can also explore the conditions there to find a broker that suits your needs.

Trade MTF Trading software

Trade MTF is a forex broker trading in forex, stock, indices, commodities and cryptocurrencies. The trading software offered to the traders is a web trader and MetaTrader4. We downloaded MT4 (screenshot below) to show you what it looks like and what trading parameters this broker has set up.

In the top horizontal bar is the menu for charts, tools, auto-trading and placing orders. On the left-hand side, you can see the menu with the pairs of forex currencies together with their bid/ask price and beneath is the navigator with the accounts, indicators, expert advisors and scripts. In the middle, you can see displayed of forex pairs charts showing the fluctuation in price in a given time frame. There are 4 charts in this image but actually, their number can vary according to the trader’s needs. We want to mention here that one of the reasons MT4 is still very popular among the forex brokers is thanks to its charting package from which traders can choose different chart types, time frames, colours and even create their own templates. That combined with the array of technical analysis indicators, such as Bollinger Bands, Fibonacci retracement, moving averages, etc., enhances traders’ experience and helps them predict the future direction of exchange rates and make a profit.

Let’s take a closer look at the top-left chart that shows the EUR/USD currency pair and its fluctuation in price. From the bid/ask price, we calculate that the spread is 1 pip which is not high and is even below the industry average of 1.5 pips. However, if you take a look at the account types information which is displayed in the last image, you will notice that the spreads there are quite higher than 1 pip and can go as high as 3 pips. What are the implications for traders if the spread is high? It means the cost of transactions is high and they won’t be able to make a sustainable profit in the long run. Also, in the account types information, we can see that the leverage for all accounts is 1:200. This leverage is quite high and although it may look attractive to some traders as it adds more trading power, the risks of losing your funds in an unsuccessful transaction far outnumber the chances of making a profit. After all, statistics show that around 70% of traders experience financial loss in transactions. So, our advice is not to take unnecessary risks with your hard-earned money. Also, for comparison, licensed brokers in the EU cannot offer leverage higher than 1:30 and in the US the leverage cap is 1:50. As you can see, offering such high leverage is another sign that this broker is not licensed and we advise you to stay away from it.


Trade MTF Deposit/Withdrawal methods and fees

The number of trading accounts available to Trade MTF’s clients is 6 – Islamic, Classic, silver, Gold, Platinum and TMTF Premium. The minimum initial deposit for the Islamic and Classic accounts is $200. If you look at the FAQs, you will find a discrepancy in this information as there the minimum deposit amount is shown to be $100. We think that any self-respecting and legit broker will not have such contradictory information on its website.


The payment methods indicated on the company’s website consist of credit card, American Express, Paysafecard, Neteller and Skrill. We do not see bank transfers and wires which may be limiting for some traders.

The minimum withdrawal amount is $100 and if the request is made during the startup, there is a cost of $20 which will be charged. The withdrawal request processing time is 48 hours.

We strongly advise you not to accept any bonuses should you choose to trade with this broker as the requirements attached to them are really staggering. Traders who decide to accept a bonus will have to execute trade that is equivalent to 5,000 times the sum of the initial deposit and the bonus amount before being eligible to withdraw the bonus amount. In the example provided by the broker, the turnover is $6,250,000 if the deposit is $1,000 and the bonus received is $250. That means trading until Doomsday!

Availability of bonuses is what distinguish legit and non-legit brokers. Licensed forex brokers never offer bonuses or other free gifts. We ask you to be extremely cautious when it comes to bonuses and the best mode of action is to avoid them.

How does scam work?

Scam works in different ways. It could be either that you receive an unsolicited telephone call or you see one of these flashy ads on the Internet or the social media promising you a quick and easy profit. Scammers will promise you the sky and the earth until you give way to temptation and deposit money. Once you give them money you get caught in the scammers’ mousetrap and the cheese in the shape of a big fat money fall is gone! It may take some time before you realise that you are being scammed. Scammers are smooth talkers and they are masters of deception. They will give you some excuses as to why the big profit hasn’t come yet and will try to lure you to make even a bigger investment because according to them, the more you invest, the more you profit. After you have been waiting for a while and you finally come to your senses, you realise that you are being scammed. All you want now is to get your money back and get out of there. However, the scammers won’t make it easy for you! They will try to delay you so that you miss the deadline for applying for a chargeback.

What to do if scammed?

There are a few things that you must do immediately – file for a chargeback if you have paid using a VISA or MasterCard. Those two payment providers allow you 540 days time frame within which you may file for a chargeback.
However, the chances are grim if you have used bank transfer or Bitcoin as a payment method. There is no chance you’ll be able to recover your money.
In such a desperate situation, some so-called ‘recovery agents’ may approach you with offers to recover your money for a fee. Be cautious as you may be dealing with another type of scammers. Always check the information about the recovery agency – make sure it is legitimate and transparent in the public eye. Also, some scammers publish personal comments after our review about how they have been scammed and how they found a recovery agent who helped them get their money back. Do not trust such comments and do not use the published contact info in them as it will lead you to another scammer!
And lastly, a reminder to cancel your credit card if you have given your CVV code to the scammers and erase any software from you PC that gives scammer access to your personal data.

Top Forex Brokers

BrokerCountryRatingMin. DepositWebsite
US4.99/5$50 Click for a special offerWebsite


  1. It’s one of the worst broker ever seen in my life, they have luted all of our money around 10000 dollars, fake people, beware of them, initially they will speak nicely, once we invest they were so their activity. No investment return back. I never seen such kind of people in my life. All my hard earned money lost. I don’t know what to do. Kindly suggest me how to get the money back from then. Please

  2. Karthik Subramaniyam

    Hello Trade MTF
    There is a scam brokerage using your company name beware. I lost my money Trade MTFS. Trade Mtfs spoiling your brokerage name. Give complaint them

  3. **In short TradeMTFS earlier known as TradeMTF is a fraud company. I got introduced to Mr.Ayash ([email protected]) by my friend who has invested 10000 USD and got almost more than 50% of his investment back in 4 to 5 months. TradeMTFS people never give their mobile numbers at any point of time they call from hotline numbers only. If we ask them they tell that it is against their company policy. Coming to the point Ayash told me that by investing 2500 to 3000 USD, he will ensure minimum return of 500 USD every month which I can withdraw monthly. Hence I have invested 3000 USD. After investing only for couple of days this fellow called me then completely disappeared. I had sent so many mails to [email protected] but never got any reply. Meanwhile with the help of my friend I started trading on my own and could make around 2000 USD profit in just 20 days but still I have not received any call from Ayash then I started sending mails to his reporting Manager Mr.Chris ([email protected]) after several follow ups finally I got a call from them. This time Mr.Shakthi Saravanan ([email protected]) has called me and introduced himself as my key account manager and he said, he will be handling my account and giving me trade signals. For first couple of days he had shown me a very good profit by which my total investment went up to 10000 USD then I asked my withdrawal and then they started their game. They stated giving me all wrong signals and I lost almost all my investment including my initial deposit(left with 1200 USD). With the great difficulty again I made it to 6200 USD and asked for withdrawal again they made my account -6000 USD. Final conclusion is that TRADEMTFS is a fraud company which is looting our heard earn money by offering 100% bonus. So don’t get trapped by them.**

  4. Give me Capital Amont $ 200 .It’s hard work .I can not accept that sin .I’m suffering from poverty and poverty .I broke my leg and started investing the money I got for treatment.
    என்னோட கேப்பிடல் அமோன்ட் 200$ குடுத்துருங்க .அது நான் கஷ்டப்பட்டு சம்பாரிச்சது .அந்த பாவத்தை ஏற்க்கதங்க .ஏழ்மைளையும் வறுமைலயும் பரிதவிக்கும் நான் எனது கால் உடைந்து சிகிச்சைக்கு வச்சிருந்த பணத்தை இன்வெஸ்ட் பண்ணி ஒரு சின்ன வருமானம் கிடைக்கும் என்று எண்ணி ஆரம்பித்தேன்.தினம் இரண்டு வேல சாப்பாட்டுக்கு கூட நாங்க கஷ்டப்படற குடும்பம் nanga.

    1. Don’t worry vadivel, go and give complaint against him and file FIR then you will get your money 100%

  5. fraud broker please dont invest money

  6. Beware of trademtfs.Com
    Beare of
    Mr.Ayash ahmad ( assist head of the fraud)
    Mr.Saktho saravanan
    Mr.Chris ( head of the fraud)
    These frauds will contact you to cheat from

    So beware of these cheaters. Dont invest your hard earned money



  8. Don’t invest no.1 frauds in the industry

    Frauds ( be vigilant)

    Ayash ahmad
    Sahkthi saravanan

Leave a Reply

Your email address will not be published. Required fields are marked *