Bad compliance issues! Take your business elsewhere and STAY AWAY! - FX Trader MTFX Group Employee Review

1.0
Apr 15, 2019
Recommend
CEO approval
Business Outlook

Pros

The owner will protect you if you make him enough money, and will not care about whatever offences you may cause during your tenure at MTFX. If you want to work for someone who's like Donald Trump, here's your opportunity.

Cons

When I had reported to the owner that I was physically and sexually harassed during my tenure by one of my co-workers, as well as subject to abusive comments about my religion, he refused to investigate. The owner claims to have an open door policy, but if you ever bring up a complaint he'll sit on his butt and warn one of your co-workers that you're causing problems. He also brags that he's not a micro-manager, but then he'll pick on one of your colleagues to give you a hard time if you're not charging your customers enough commission. The commission spread that you're expected to charge your customers is completely absurd. I have no idea why anyone would do business with MTFX when they could get much cheaper rates from any of our competitors with less impediments and less harassment by pushy salespeople. And keep in mind these are salespeople first, not qualified financial experts. There is a market commentary that is basically just compiled from various other bank and FX market commentaries. I was shocked by how ignorant some of the other "foreign exchange specialists" and traders were of world events that affected currency trades. There is no HR person for this company, which is unusual for a company of over 20 people. That should tell you all you need to know. Many of the positive reviews repeat the same words and phrases such as “growth” – this is something the owner insists on. The owner screams at all his employees if you don't do exactly what he wants. The problem is that he's not clear about what he wants. It's up to you to read his mind. He also doesn't listen. As a salesperson I was once taught by a sales manager at a more reputable company that you need to listen twice as much talk because you have two ears and only one mouth. The owner talks like he's got three mouths and no ears. The owner is very well known in the foreign exchange industry as a shady character. He runs his business like a mob boss. If you want a career in the FX industry work for the banks, AFEX, Mercantile Exchange, Bendix, Cambridge or Western Union. All have a better reputation than MTFX. In my opinion, MTFX is definitely a company due for a reckoning in the post #MeToo era. I look forward to its inevitable demise.

Explore other reviews about MTFX Group

5.0
Aug 22, 2025
Anonymous employee
Recommend
CEO approval
Business Outlook

Pros

Supportive management team and collaborative work culture Opportunities to learn and grow within the forex and payments industry Good work-life balance with flexible environment Strong focus on customer satisfaction and innovation

Cons

Fast-paced environment may feel challenging at times

1.0
Mar 20, 2026
Recommend
CEO approval
Business Outlook

Pros

I've been sitting here thinking for 5 minutes and i genuinely cannot find 1 thing. yes... its THAT bad..team members did their best in the difficult environment.

Cons

low pay, terrible medical insurance plan - the owner Hanif, has his family members running the payments solutions team which is a NIGHTMARE, and has his cousins and other family member employed throughout the company. feels like youre being spyed on and micro managed every single minute you are in this place.. a co-worker had even been SA'd and reported to HR(again, the owners family member also runs this) and it was brushed off.. the poor girl was pressured to quit for feeling neglected and feeling unsafe which is insane and so unnecessary and should have been handled appropriately. The owner will make passes at some of the female employees behind closed doors which female co-workers had informed me of the inappropriate behavior.. The atmosphere felt tense and uncomfortable, not collaborative or professional.. Overall, a difficult and unhealthy place to work. Between the low compensation, weak benefits, favoritism, and lack of accountability, it felt like a toxic environment.

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