WikiFX Fraud Alert: Beware of Mastertradeplusfx!!!

Investors who are still trading forex at Mastertradeplusfx had better quit trading ASAP!!! Investors who have been deceived by this broker please contact WikiFX to help you recover your funds!!!

To start with the most essential, you may check the recent warning issued on November 2nd by the Financial Conduct Authority (FCA) in the UK against Mastertradeplusfxon the screenshot below (source: https://www.fca.org.uk/news/warnings/mastertradeplusfx-inc):

“This firm is not authorized by us and is targeting people in the UK. You will not have access to the Financial Ombudsman Service or be protected by the Financial Services Compensation Scheme (FSCS), so you are unlikely to get your money back if things go wrong”, the FCA warning reads.

WikiFX also paid a visit to the broker's official website to learn more. Mastertradeplusfx claims to be licensed and authorized by an entity called “the Financial Sector Conduct Authority (FSCA)”, which does not exist on British soil. In fact FSCA is the financial regulator of South Africa, but WikiFX can assure you that Mastertradeplusfx is not regulated there either.

Mastertradeplusfx says to be offering an award winning platform and even mentions the industry standard MetaTrader5, but in reality offers no functional trading platform whatsoever. Just take a look at the funny looking resemblance of a platform, we were taken to, after completing our registration.

Now let's search “Mastertradeplusfx” on WikiFX APP to find out more about this broker. WikiFX is an authoritative global inquiry platform providing basic information inquiry and regulatory license inquiry. WikiFX can evaluate the safety and reliability of more than 36,000 global forex brokers. WikiFX gives you a huge advantage while seeking the best forex brokers.

As you can see, based on information given on WikiFX, Mastertradeplusfx currently has no valid regulatory license and the score is rather negative - only 0.99/10! WikiFX gives brokers a score from 0 to 10. The higher the score is, the more reliable the broker is.

Investors are advised to search relevant information on WikiFX APP about the broker you are inclined to trade with before finally deciding whether to make investment or not. Compared with official financial regulators which might lag behind, WikiFX is better at monitoring risks related to certain brokers - the WikiFX compliance and audit team gives a quantitative assessment of the level of broker regulatory through regulatory grading standards, regulatory actual values, regulatory utility models, and regulatory abnormality prediction models. If investors use WikiFX APP before investing in any broker, you will be more likely to avoid unnecessary trouble and thus be prevented from losing money! The importance of being cautious and prudent can never be stressed enough.

In conclusion, Mastertradeplusfxis a scam offshore broker that has become the subject of a scam warning issued against it by the British authorities. It seems that the firm has been offering its services in the UK without the proper authorization, which is unfortunately quite common nowadays. That is why you need to be very careful before committing to trading with any certain entity!

WikiFX reminds you that forex scam is everywhere, you'd better check the broker's information and user reviews on WikiFX before investing. You can also expose forex scams on WikiFX. WikiFX will do everything in its power to help you and expose scams, warn others not to be scammed.