Reported as a scam / unregulated
Why MTL is on the register
MTL claims to operate as Mosanes Technologies Limited, registered with FINTRAC and FinCEN. However, neither of these agencies regulates forex brokers. Their oversight is limited to anti-money laundering compliance. MTL also states it is registered with the Financial Services Authority (FSA) of Saint Vincent and the Grenadines, but our verification shows this registration has been cancelled. Furthermore, the SVG FSA does not provide regulatory supervision for trading activities and only allows companies to register as International Business Companies (IBCs). Given the absence of legitimate financial regulation, we believe MTL may be operating in a deceptive manner.
If you have money with this broker
- Stop sending funds. Do not pay any further “fees”, “taxes” or “verification” charges to release a withdrawal — this is a common secondary scam.
- Preserve evidence. Save transaction IDs, wallet addresses, chat logs, and every screenshot before the account is closed.
- Report it. Notify your bank/exchange and your national financial regulator so the activity is on record.
- Get guidance. Tell us what happened and we will point you toward the right next step. We are a free public registry — we never charge any fees.
SentFunds is an information and referral service. Listing reflects reported concerns and public findings; it is not a legal determination.