Mtxotu claims to be regulated by reputable authorities including the Mauritius FSC, CySec, and Seychelles FSA since its 2019 launch, but our investigation confirms it does not appear in any of their official licensee registers, indicating false regulatory claims. It also states it is U.S.-based with an MSB registration; however, it is not listed by the NFA, and its provided MSB number corresponds to a different entity—DKM Markets—further exposing its misrepresentation. Notably, FinCEN does not regulate forex platforms. With its regulatory claims proven false and critical details inconsistent, Mtxotu is highly likely to be a scam.