MTB Capitals Review: Regulatory Warnings and Indications of Identity Fraud

Risk Detection and System Rating

According to the latest assessment by WikiFX, MTB Capitals (mtbcapitals.com) has been assigned a comprehensive score of 1.08 out of 10. This low rating places the broker in the “Danger” category, reflecting a lack of verified compliance data.

The system shows scores of 0.00 across the Regulation, License, and Risk Control indices. Furthermore, technical analysis indicates that the broker does not currently possess functional trading software. This absence of a trading terminal is often a critical indicator regarding the operational legitimacy of an entity soliciting funds.

Discrepancies in Regulatory Claims

A review of the MTB Capitals website reveals significant inconsistencies between its claims and its actual regulatory status. The homepage prominently displays the logos of three top-tier financial authorities: the UK's FCA, Italy's CONSOB, and Cyprus's CySEC.

However, cross-referencing these claims with WikiFX data shows that the broker holds no valid forex regulation. The display of these logos appears to be intended to project an image of compliance that does not align with the broker's actual legal standing.

Regulatory Actions by BaFin and CySEC

European financial authorities have issued specific warnings regarding this entity, though the nature of their alerts differs.

The German Federal Financial Supervisory Authority (BaFin) has explicitly flagged the operator of mtbcapitals(.)comfor identity fraud. In its release dated November 4, 2025, BaFin stated that the site is using the details of a legitimate, authorized company—Asset Finance Solutions (UK) Ltd—without permission. This tactic involves misappropriating the license number and address of a regulated firm to mislead investors.

Separately, the Cyprus Securities and Exchange Commission (CySEC) has included mtbcapitals.com in its warning list of websites that do not belong to an authorized entity. While CySEC focuses on the lack of authorization, BaFin provides the specific context regarding the impersonation of a legitimate business.

Inconsistent Branding and Digital Identity

Further analysis of the broker's digital footprint reveals visual discrepancies that raise questions about its operational continuity. Search engine results for the brand display a specific logo icon that does not match the branding currently present on the website's header.

Such inconsistencies are uncharacteristic of established financial institutions, which typically maintain strict brand uniformity. In the context of unregulated entities, mismatched assets often suggest that the operators may be recycling website templates or frequently changing “skins” to evade detection, neglecting to update external metadata in the process.

Incomplete Legal Documentation

Further examination of the website's footer suggests a lack of professional oversight in the platform's setup. The disclaimer section identifies the operator as “Asset Finance Solutions (UK) Ltd”—the company BaFin confirmed is being impersonated—but fails to provide the corresponding legal identifiers.

As shown in the screenshot above, the text reads “Company Number .” and “VAT Number .”, with the actual registration digits missing. This omission indicates that the legal text may have been copied from a template or another source without being properly finalized.

Conclusion

The WikiFX system has assigned MTB Capitals a low score of 1.08, indicating significant risk due to the absence of valid regulation.

Deeper investigation supports this assessment. The discrepancy between the displayed regulatory logos and the platform's actual status, combined with conflicting branding and incomplete legal text, raises serious questions about its credibility. Most critically, the explicit warning from BaFin regarding identity fraud suggests that the platform is misappropriating the information of a legitimate UK firm, while CySEC confirms it operates without authorization. Investors are advised to exercise extreme caution.