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Is Metaverse Foreign Exchange Safe or Scam?

Oleg Tkachenko
Written by:
Oleg Tkachenko
Chinmay Soni
Reviewed by:
Chinmay Soni
Mirjan Hipolito
Fact-checked by:
Mirjan Hipolito
Updated:
June 04, 2026

Editorial Note: While we adhere to strict Editorial Integrity, this post may contain references to products from our partners. Here's an explanation for How We Make Money. None of the data and information on this webpage constitutes investment advice according to our Disclaimer.

What is known about Metaverse Foreign Exchange at the moment?

Metaverse Foreign Exchange Group Inc. (MTFE) offers access to trading on financial markets including forex, commodities, indices and cryptocurrencies. The minimum deposit is 50 euros, and funds can be deposited and withdrawn using bank cards and bank transfers. However, MTFE does not provide educational resources such as analytics and tutorials, which can make trading difficult for beginners.

The company's regulation raises serious questions. MTFE claims to be regulated by the Financial Intelligence Unit of Canada (FINTRAC), but that body does not regulate investment services. Moreover, the Ontario Securities Commission (OSC) issued a warning stating that MTFE is not registered to trade in Ontario. This lack of registration and regulatory clarity increases risks for investors.

User reviews are mostly negative. Customers report difficulties with withdrawals, unresponsive or rude customer support, and hidden fees. There have also been cases of manipulation of prices and spreads, which calls into question the integrity of the company. In general, investors are advised to avoid MTFE and only choose regulated brokers

Company name Metaverse Foreign Exchange
Foundation date 2022
Registration address 500-7030 Woodbine Avenue Markham, ON, L3R 6G2, Canada
Operating geography Worldwide
Specialization Forex, CFDs on stocks, indices, commodities, and cryptocurrencies
Regulation ⚠️ Scam
Official site http://www.mtfe.ca/
Disclaimer

Information is based on publicly available regulatory sources and published in accordance with our Financial Warnings & Scam Database methodology.

TU Expert Advice: “I do not recommend Metaverse Foreign Exchange”

Anton Kharitonov
Anton KharitonovChief Analytics Officer

I have been working in the financial services market for a long period of time and consider myself an expert in safe investing. I can note that Metaverse Foreign Exchange demonstrates the following characteristics:

  • Metaverse Foreign Exchange is not regulated by a Level 1 regulator.
  • Metaverse Foreign Exchange is not regulated by a Level 2 regulator.
  • Metaverse Foreign Exchange is not regulated by a Level 3 regulator.
  • The company is either registered offshore or its registration number cannot be confirmed through official online databases.
  • The information about the Metaverse Foreign Exchange’s management is either absent or unreliable.

I recommend completely disregarding any mentions of such companies and refraining from doing business with them and its affiliate bodies. If you are already a client of such a company, immediately explore all options for getting your money back, up to filing a complaint with the financial oversight authorities and courts.

I recommend choosing only reliable and verified partners for trading on financial markets. You can use our 'Find my broker' tool for this purpose.

Which sources were utilized to evaluate the security of Metaverse Foreign Exchange?

The following information was used for the analysis and assessment of Metaverse Foreign Exchange reliability:

  • Registration details and information on licenses of brokers, financial companies, and their subsidiaries are published on their official websites.
  • Information from regulators' registries, including warnings, comments, and publications by regulators.
  • Data from analytical portals, including reviews, complaints, and claims filed by traders.

The latest database update: June 04, 2026.

Why do we have the expertise to assess the reliability of Metaverse Foreign Exchange?

Over the years of working with the analysis of financial companies, Traders Union has accumulated a significant knowledge database. Our analysts know how to distinguish scams from reliable companies. Every month, we publish important insights on this topic.

Tools Used by Scammers to Deceive Traders (June, 2026)
Deepfake: Scammers use AI-generated videos to offer investment opportunities in highly profitable projects. For example, you might see a video where Elon Musk recommends investing with a certain broker. In reality, the video is a deepfake created by AI.
Pseudo Hacking: Scammers create a fake broker page and persuade potential victims to risk a small amount of money. Victims then receive a message that their accounts are blocked due to a hacking attempt or a message from technical support asking for personal information to secure their accounts. Ultimately, victims provide scammers with access to their emails, wallets, and bank cards.

Conclusion Before starting to work with a broker, gather as much information about the company as possible. Compare its registration address and phone numbers across different resources. Ensure that the user agreement matches the company you intend to work with. Check the website for inactive links or layout errors.

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We constantly monitor the Internet for the emergence of new fraudulent schemes to deceive traders. We have been collecting data about scam brokers for more than 10 years and we think we know every dishonest company in the market. Below we have collected for you the information about the scammers from the List of SCAM Brokers.

Metaverxia MF Financial Ltd (MFFX) MGM Global Midas International Millenium One Millennium FX MobaTrade Mountain Wolf My Money Solutions

Be careful and cooperate with the trusted brokerage companies only.

Should you identify any inaccuracies on this page or possess additional information about this broker, we kindly request you to inform us.

Editors' Top Picks and Insights

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Team that worked on the article

Oleg Tkachenko
Oleg Tkachenko
Editor at Cryptocurrency & Blockchain Department

Oleg Tkachenko is an economic analyst and risk manager having more than 14 years of experience in working with systemically important banks, investment companies, and analytical platforms. He has been a Traders Union analyst since 2018.

Learn about our editorial policies
Chinmay Soni
Chinmay Soni
Head of Fact-Checking Department

Chinmay Soni is a financial analyst with more than 5 years of experience in working with stocks, Forex, derivatives, and other assets. As a founder of a boutique research firm and an active researcher, he covers various industries and fields, providing insights backed by statistical data.

Mirjan Hipolito
Mirjan Hipolito
Cryptocurrency and stock expert

Mirjan Hipolito is a journalist and news editor at Traders Union. She is an expert crypto writer with five years of experience in the financial markets.

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