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MastersFx -

Score

1.38 /10
Danger

MastersFx

Canada

2-5 years

Suspicious Regulatory License

High potential risk

https://www.mastersfx.live

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Comparison

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Exposure

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Score

Regulatory Index0.00

Business Index6.01

Risk Management Index0.00

Software Index4.00

License Index0.00

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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 : 2024-11-15
  • 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

MastersFx · Company summary
Basic Information
Registered Countries United Kingdom
Regulation No regulation
Minimum Deposit $100
Maximum Leverage N/A
Minimum Spread From 0.0 pips
Trading Platform N/A
Trading Assets Forex trading, stock trading, crypto trading, Options trading, Copy trading
Payment Methods N/A
Customer Support Email support only

General Information

MastersFx was founded in 2014 to offer its clients trading services on forex trading, Cryptocurrency trading and stock trading.

Here is the screenshot of MastersFxs website homepage:

basic-info

Regulation

MastersFx does not tell the public who is behind it, and according to WikiFX, it is not authorized or regulated by any regulatory body, and it only get a very low score of 1.22/10 on the WikiFX website.

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Market Instruments

With MastersFX, traders are allowed to get access to Copy trading, Forex trading, Cryptocurrency trading, and Stocks trading.

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Account Types

Both novice and experienced traders can choose from four types of trading accounts with MasterFX platforms, namely Starter, Premium, Master, and Pro accounts. The minimum deposit will specify what account type you hold. An initial deposit of $100 to $1999 will allows you to open a most basic account. The Premium accounts are required to inject $2,000 to $4,999, and Master accounts ask for an initial deposit of $5,000. While for the most expensive account, the Pro accounts, requires a minimum deposit of $10,0000.

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Spreads & Commissions

Spreads offered by MasterFX start from 0.0 pips, with no commissions charged, which is too good to be true given the fact that MasterFX is not regulated anyway.

Trading Platform

MasterFX seems offer a webtrader, but there is no further description about its trading platform.

Customer Support

The FAQ section of the MastersFX is very helpful for clients who have inquiry, and this broker can also be reached through filling out the form below:

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Email: info@masterfx.live

Risk Warning

Trading leveraged products such as forex, cryptocurrencies and derivatives may not be suitable for all investors as they carry a high degree of risk to your capital. Please ensure that your fully understand the risks involved, taking into account your investments objectives and level of experience.

The information presented in this article is intended solely for reference purposes.

Pros & Cons

Pros Cons
Four plans to choose from No regulation
Acceptable minimum deposit requirement High minimum deposits for certain accounts
Raw spreads (allegedly) Limited trading assets
Poor customer support

Frequently Asked Questions

What are the fees？

MasterFX does not charge any setup or maintenance fees, each trader gets a set percentage of the profit they make.

What is the maintenance fee？

Some of Masterfx products have a maintenance fee attached. The maintenance fee covers all costs related to mining including:

  • Electricity cost

  • Cooling

  • Maintenance work

  • Hosting services

The fee is fixed in USD but deducted from daily mining rewards in the natively mined coin on a daily basis.

What trading products and services offered by MasterFX？

MasterFX provides Copy trading, Forex Trading, Crypto Trading and Stock Trading.

User Reviews

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梁利辉
more than one year
Look, what treasure broker I found again! Probably because it was just established, it is not famous, and few people know about the existence of this broker. But if you came across the name of this broker on the Internet, as I did, don't miss it, their trading products cover all popular assets around the world, and the trading conditions are also very competitive. Once there is any problem, you can contact online customer service at any time.
Look, what treasure broker I found again! Probably because it was just established, it is not famous, and few people know about the existence of this broker. But if you came across the name of this broker on the Internet, as I did, don't miss it, their trading products cover all popular assets around the world, and the trading conditions are also very competitive. Once there is any problem, you can contact online customer service at any time.
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2023-03-21 10:12
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Ivo Zhang
more than one year
I have been trying the copy trading feature of MastersFx for some time, but not every trade is profitable, good thing I have a stop loss setting. And I also got some strategies in forex.
I have been trying the copy trading feature of MastersFx for some time, but not every trade is profitable, good thing I have a stop loss setting. And I also got some strategies in forex.
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2023-03-03 16:32
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