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MasterForex Review

MasterForex is an international financial company providing services in the field of online currency trading. The broker was founded in 2006. The company is growing rapidly and at the moment has representative offices in 12 countries of the world and partners in more than 60 countries worldwide. In 2013 the number of MFX customers has reached 150,000.

MasterForex clients, no matter in which part of the world they reside, enjoy advantageous and highly profitable conditions trading in the financial markets. MFX offers its clients 24/5 customer support in several languages. For newcomers there are free demo accounts for practicing trading skills. Professional traders can start directly with dollar and ECN accounts.

On an equal basis with the leading companies of the currency exchange market MFX offers a broad variety of forex instruments and best trading platforms. For those who seek extra safety of their funds MasterForex offers deposit insurance in the Ingosstrakh insurance company. MFX features local currency wallets, mobile trading, analytics, and credit card payments. All these characteristics definitely add to making trading comfortable and profitable.

The company’s team claims that responsibility is not just a fine word for them: they think about their clients and share knowledge and expertise with MFX community.

Since its foundation MasterForex has received several important financial awards, such as Best Russian and CIS broker, Best development prospects on Chinese market, Best Micro Forex Broker 2010, Best Upcoming Forex Provider in Asia 2011, etc.

During years of operation the dealing desk has converted into a group of financial companies providing not only brokerage and currency trading services, but also trading and investment educational programs.

In October 2012 MFX Broker group has launched its new educational project, MasterForex Trading Academy. This project is made as a trading portal designed to deliver Forex trading-related information for free. MasterForex Trading Academy is a highly helpful tool for those traders who are new to the currency trading environment.

 

MasterForex — Forex Boker information

MasterForex
Status No status
Broker type Broker, NDD
Traders reviews 2 Reviews
Foundation 2006
Regulation FRA, KROUFR
License KROUFR The Ministry of Commerce and Industry of Panama, # 1871723-1-717270 DV 48
Languages English, Indonesian, Spanish, Chinese, Russian, Arabic
Support phone 8 800 333-00-91
Address 199178, Russia, Saint-Petersburg, 18th line of Vasilievsky Island, 31 Ofiice Center "Senator", suite e304
Offices in Indonesia Russian, Federation
Headquartered in Saint-Petersburg

Forex Trading information

Accepts US traders No
Trading conditions Minimum deposit 1$
Micro, Standard, ECN, CFD Account types
Forex, CFD, Futures, Metals Trading
Leverage from 1:100 up to 1:500
Zero Commissions
Demo accounts
Swap-free available
Fixed Spread from 2
Floating Spreads from 0.2 point with ECN accounts
Instant and Market Execution
Gold and Silver Trading
Investment Services Management (ISM accounts)
Trading platforms MetaTrader 4/5, MetaTrader 4 ECN, MultiTerminal, cTrader
Other trading instruments Futures, Metals
Leverage 500:1
Pip spread on majors 0.1-0.2
Minimum position size 0.01
Digits after the dot in quotes 4
Spread Type Variable
Min. spread 0.1
Margin call level, % 1
Stop-out level, % 1
Minimum distance to stop/limit orders, pips 4
Guaranteed stop loss No
Guaranteed limit orders No
VPS for traders No
Rebates per 1 standard lot, $
24 hour trading Yes
24 hour support Yes
Mobile trading Yes
Trading by phone Yes
Automated trading Yes
One-click trading Yes
Hedging Yes
Scalping Yes
Swaps Yes
Pending orders Yes

Forex Account information

Payment methods Wire Transfer, Credit Cards, WebMoney, LibertyReserve, RBKMoney
Account currencies EUR, USD, GBP, AUD, CHF, JPY, CAD
Mini account, $ 1
Standard account, $ 5
ECN account, $ 500
PAMM Yes
Institutional accounts No
1st deposit bonus No
Commissions No
Demo account Yes
Bonuses, Promotions Yes
Forex contests, competitions No
Free education Yes
Daily analysis Yes
Expert advisors Yes
Trading Signals Yes
Partnership programs No
Affiliate program Yes
Trust management No
Personal manager No
Managed accounts No
Segregated accounts No
Interest charges on the balance Yes
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Write a Review about MasterForex

2 reviews on MasterForex

  1. A trader only needs a minimum deposit of $5 to open a real account for trading currencies. MasterForex is a very friendly broker to novice traders. Their MFX Trading Academy is highly helpful for both professional trades and beginners. Having traded with the broker I did not have much trouble. Maybe MasterForex is not the best on the market, but they are surely quite good and reliable.

  2. I have not had any troubles with MasterForex , the customer support is very fast and effective. Most traders are very worried about their funds withdrawal. With MF you have nothing to fear for. This is the thing they are very fast with. Nevertheless, as any other broker MasterForex has minor problems such as the entry set, when I set stop “sell” or “buy” at times time it doesn’t get it from the entry that I desire. Besides, they have problems with the slippage.

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