Note: Master Trade's official site - https://mastertradeinternational.com/ is currently not functional. Therefore, we could only gather relevant information from the Internet to present a rough picture of this broker.
What is Master Trade？
Master Trade International is an investment firm registered in China that has been operating for the past 2 to 5 years. Moreover, it's noted that Master Trade International is a non-regulated entity, meaning it does not fall under the oversight of any recognized financial regulatory body. This fact contributes to concerns about the protection of investments and fair business practices.
The official website of Master Trade is also unavailable, thereby limiting the access to direct, comprehensive, and up-to-date information concerning the company and its operations. There are indications that the broker could be engaging in scams. Therefore, it is critically important for potential investors to exercise caution and undertake thorough checks before deciding to engage with Master Trade International.
Pros & Cons
Cons
Non-regulated: The firm is not regulated by any known financial regulatory body. This means it operates without oversight from any external or third-party authorities that ensure ethical practices in the finance industry. This raises questions about the safety of investors' funds and the fair treatment of clients.
Unavailable Website: The inaccessibility of Master Trade International's official website is a major drawback as it hinders access to reliable and direct information about the company and its services. This also adds to the challenges potential investors may face while conducting comprehensive research or due diligence.
Limited Information: There is a scarcity of detailed information about the company, its operations, and its services. This makes investor assessment difficult and could lead to doubts about the transparency and reliability of the firm.
Not-So-Good Customer Reviews: Based on the available reviews, it appears that user experiences with Master Trade International have been largely negative. These reviews are important indicators of customer satisfaction and company performance, and in this case, they serve to caution potential users about the platform's services.
Is Master Trade safe or scam？
Master Trade International is reportedly a non-regulated entity, meaning it operates without supervision from any recognized financial regulatory authority. Regulation is a crucial aspect in the financial world, as it ensures fairness, transparency, and protection for investors against disproportionally risky or fraudulent activity. The non-regulated status of Master Trade International can therefore raise significant concerns about the safety of clients' investments and the general legitimacy of the company's operations.
User Exposure on WikiFX
The exposures of Master Trade highlight significant concerns regarding the company's operations. One issue that has surfaced repeatedly is related to an inability to withdraw funds, a grave concern for any investor. One user reports that their earnings from operations were not returned, and their investment disappeared along with an alleged drop in the platform.
The severity of these allegations escalates with one user warning that Spanish Financial Regulator 'CNMV' has denounced Master Trade International for fraudulent activity.
Furthermore, it has been alleged that the company engages in deceptive practices, such as false claims on its website and providing misinformation via its advisors. The same user also mentions that the company demands payment for non-existent taxes as a way to extract more money from its clients.
These exposures clearly indicate a negative trend and suggest potential fraudulent activities, and as such, it's crucial for potential investors to tread with caution and conduct thorough due diligence before getting involved with Master Trade International.
Conclusion
Master Trade International appears to suggest several red flags based on the information available. The company is non-regulated, signifying a lack of investor protection and ethical compliance. Additionally, the firm's official website is unavailable, creating a barrier to direct and verified information about its operations and services. The companys user reviews are mostly negative, with issues like the inability to withdraw funds and deceptive practices being reported.
Frequently Asked Questions (FAQs)
Q: Is Master Trade International regulated？
A: No, Master Trade International is non-regulated.
Q: How can I contact Master Trade International's customer support？
A: Master Trade International's customer support can be reached via phone at +598 95 815 200; and via email at info@mastertradeinternationalcorporation.com.
Q: What issues have users reported about Master Trade on WikiFX？
A: Users have reported issues such as being unable to withdraw, not returning money, fraudulent activity, and deceptive practices.
Risk Warning
Online trading involves significant risk, and you may lose all of your invested capital. It is not suitable for all traders or investors. Please ensure that you understand the risks involved and note that the information provided in this review may be subject to change due to the constant updating of the company's services and policies.
In addition, the date on which this review was generated may also be an important factor to consider, as information may have changed since then. Therefore, readers are advised to always verify updated information directly with the company before making any decision or taking any action. Responsibility for the use of the information provided in this review rests solely with the reader.
2023-03-14 16:53
