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MasterForex -

Score

1.51 /10
Danger

MasterForex

Russia

5-10 years

Suspicious Regulatory License

Suspicious Scope of Business

High potential risk

http://www.masterforex-china.com

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Comparison

Quantity 2

Exposure

Open Account
Website

Score

Regulatory Index0.00

Business Index7.03

Risk Management Index0.00

Software Index4.00

License Index0.00

Open Account
Website

Licenses

No valid regulatory information, please be aware of the risk

VPS Standard
No restriction on the broker account. Support service provided by WikiFX

Single Core

1G

40G

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Warning: Low score, please stay away! 2
Previous Detection : 2024-09-24
  • It has been verified that this broker currently has no valid regulation. Please be aware of the risk!
  • The current information shows that this broker does not have a trading software. Please be aware!

WikiFX Verification

Exposure

2 pieces of exposure in total
Pyramid scheme complaint
Expose
MasterForex · Company summary

General Information & Regulation

MasterForex claims to have been established in 2006 and provides investors in 130 countries with high-quality financial market services, including a transparent and secure trading environment, as well as a wide choice of trading platforms. MasterForex is currently not subject to any effective regulation.

Market Instruments

MasterForex offers its investors a wide range of financial instruments, mainly Forex, currencies, futures, and precious metals, relatively narrow compared to other brokers.

Minimum Deposit

MasterForex offers quite a few accounts for investors, including Forex Standard ( with a minimum deposit of $5), Forex 5Digit (minimum deposit of $5), Forex Micro (with a minimum deposit of $5), ECN MT4 (with a minimum deposit of $200), ECN MT5 (with a minimum deposit of $200).

MasterForex Leverage

The maximum trading leverage offered by MasterForex is up to 1:500, when it comes to forex trading leverage. Since margin trading is full of risks, it's important that forex traders learn how to manage leverage and employ risk management strategies to mitigate forex losses.

Trading platforms

MasterForex offers traders popular MT4 trading platform on the market today. As you know, MT4 is an all-in-one forex trading platform that includes charts of various financial instruments, the latest market news, technical analysis, trading history, security signals, etc. It allows to development of different trading strategies for traders of different levels. Additionally, traders can trade with MasterForex's cTrader, a trading platform that supports multiple languages such as English, Russian, French, etc.

Deposit & Withdrawal

MasterForex allows traders to deposit and withdraw funds to and from their investment accounts through a variety of convenient methods, such as credit/debit cards, WebMoney, RBKMoney, DixiPay, Intellect Money, OK Pay, Yandex Money 3, QIWI5, Fasapay, UnionPay, Western Union, and wire transfer.

MasterForex Pros & Cons

Masterforex Advantages Include：

1. Multiple account types to choose from

2. MT4 & cTrader trading platforms

Masterforex Disadvantages Include：

1. No regulation

2. Less variety of trading assets

3. Incomplete information on the website, spreads & commissions missing

4. Not providing real-time customer support

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