MFX Broker (ex-MasterForex) — Forex Broker

Doesn't accept US tradersUS traders
  • Interest rate on funds
  • Bonus offers
  • Trading contests
  • Trading by telephone
  • PAMM accounts
  • LAMM accounts
  • MAM accounts
  • Affiliate program
  • Islamic accounts available
  • Requires sending documents via postal mail

  See MFX Broker (ex-MasterForex) reviews

Company Master Services Inc.
Founded and online since 2006
Offices in Indonesia
Russian Federation
Payment options Show payment optionsHide
Demo platforms
  • MetaTrader 4 (Limited with 30 days)
  • MetaTrader 5 (Limited with 30 days)
Account currencies Euro
Indian rupee
United States dollar
Currency pairs Show currency pairsHide
Regulated by IFSC (Belize), IFSC/60/296/TS/14
Website available in Show website languagesHide
Support available in Show support languagesHide
Support methods Show support methodsHide
Trading server time zone GMT+3

Account Types

Minimum account size $1
Minimum position size 0.01 lot
Spread type Fixed
Spread on EUR/USD, pips 2
Scalping Allowed
Expert advisors Allowed
Trading instruments
Forex 1:100
Gold & silver 1:500
Trading platforms MetaTrader 4
MetaTrader 5
Digits after the dot in quotes 4
Margin call level 1%
Stop-out level 1%
Minimum distance to stop/limit orders, pips 4
Number of currency pairs 28
Special notes Total maximum quantity of orders is 100.
  • Hedging
  • Overnight interest rates (swaps)
  • Trailing stop
  • Pending orders
  • One-click trading
  • Mobile trading
  • Automated trading
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37 reviews of MFX Broker (ex-MasterForex) are presented here. All reviews represent only their author's opinion, which is not necessarily based on the real facts.

  Peter from Poland. Trading account #10
Thursday, July 30, 2015

Im testing MFX demo account for 3 months and everything looks very good. i think about real account.

  Joda from Poland.
Wednesday, June 10, 2015

I have few accounts e.g. in Dukascopy, Tickmill and HotForex. Since may I trade with MFX too and I see very good executions and low spreads.

  Felix from Poland.
Friday, May 8, 2015

I have good opinion and experience with MFX. Low spreads, STP account and fast withdraws.

  alvinwilliams619 from philippines.
Tuesday, September 24, 2013

Nice broker. Withdraw always processed, little bit slow sometimes take 2 days. But it's not a problem for me. platform is also good.

  MF397655 from Vietnam. Trading account #8XXX5
Tuesday, June 4, 2013

I have tried this broker and everything works best ! I think that we can trust and trade forex with this broker. I came this broker through my friend introduction with $10 gift, I made some profits and I will try to withdraw. I will be good to show you the payment and trust this broker :)

 Saleh Nasseri from Morocco. Trading account #8XXX8
Wednesday, March 20, 2013

Good broker, good support, and very fast order execution..

 Duong Thanh from Viet Nam. Trading account #9XXX7
Tuesday, March 19, 2013

Quite good client cabinet, I trade this a few day with the no deposit bonus and have no problem. my account is micro account so I feel this spread so high. Need some day for test withdraw system.

  Nanan Suhendar from Indonesia.
Saturday, October 29, 2011

I will take my words earlier time about this broker, but the result is very disappointing. the evidence I have problems serious enough at this time "for my info please refer to the following issues, please be careful to All Client MFX

  Thomas from Australia.
Monday, October 24, 2011

Masterforex did not transfer the amount of 100,--EURO to my account. I gave them the opy of my bank transfer. But Masterforex still said that the money did not arrive and did not receive it.

Masterforex is a SCAM.

Be very CAREFULLY!!!

  Jaya from Indonesia.
Monday, August 22, 2011

Nanang : You are in a right place sir :)

Putu : You are right sir, now MasterForex was present in 13 major areas in Indonesia such as Sumatra, Batam, Palembang, Jakarta, Bandung, Bekasi, Bogor, Bandung, Yogyakarta, East Java, Pontianak, Sulawesi, Bali

Succes With Us :)

  Putu from Indonesia.
Thursday, August 11, 2011

Did you have not tried MasterForex?

try it, because MasterForex very close to us with the presence of a representative office in our area..

welcome and we will provide the best service for you!


  Nanan Suhendar from indonesia.
Thursday, June 9, 2011

i`m used this broker, no problem!!

  Dede from Indonesia.
Tuesday, May 31, 2011

Dear Russel...

Recently Masterforex is being done to reform the commission system partners L2 level.

It seems now already finished and the partners have been paid commissions.

Evidenced by the update that contains updated reviews of Russell :

"After waiting for about a month (since the middle of march 2011) with no response from masterforex, I didnt check my Masterforex partner at all as I felt pessimistic that they will pay my affiliate commission.

The good news, a few days ago I checked my partner account and felt glad to see they finally credited my commission. Thanks God.

I hope later on, can be more professional and handle customers problem on time. Case closed."



Best Regards

  Russel from Indonesia.
Wednesday, May 11, 2011


Quoted from ForexPeaceArmy :

Date of Post: 2011-03-14

Review: Update about MF :

Konstantin from MF always says tomorrow, tomorrow, tomorrow, but never pays me. I have proofs that my client traded and still MF dont have good will to pay me, otherwise they act like dumb.

2011-03-06 1Star Update abount :

I can not believe Master forex. They promised to pay referral commission the next day after I complained, but from 14 Feb until today (7 March) they have not paid me. They said, my clients had to register again to the new cabinet, in order to get the commission. At the same day I told my clients to register in the new cabinet (MF uses new cabinet recently) as per requested. And they didnt keep the promise. I think customer satisfaction should be main priority, but this is not the case in MF :)

It seems they do not have intentions to solve this issue. Be very careful with this broker. SCAM is very possible

2011-02-20 1Star I have been trying to be Masterforex affiliate and introduce Master forex. Since the first time I didnt trust Russian Brokers, but for some reason my client forced me to become their affiliate so they could register under me.

One of my biggest suspicion is they always hide client's NAME, EMAIL, PHONE, and other contact details in the referral list so it is almost impossible to contact your clients when you dont know personally with them. There are only stupid (login) numbers and information about the client has deposited or not in the list. (It is pretty obvious why they hide this. You can figure it out. They will probably take your BIG clients when you dont notice)

At the beginning they paid the commission regularly, but sometimes there were dicrepancies, and after some complaints they fixed and paid me. MF said that it was system problem. I thought "would they fix it if I didnt complain ?" No one can guarantee this. This was the first attempt and I thought I should be more careful with this broker. Time went on until 14 February until 21 feb they didnt pay me even my clients traded and they closed the position more than 5 minutes and more than 5 points. I contaced support by sending 2 emails but they didnt reply, then I contacted their live support named Konstantin twice , he explained that the commission will be credited on 18 feb, but until today 21 feb there is still no commission from 14 feb. FYI, I am also introducing broker for many forex brokerage and have not experienced a scam possibility like this. I hope by writing this complaint MF will take this issue seriously and also to inform traders / introducing brokers to be very careful with this company. This is an EARLY WARNING. Im ready to share some proofs to FPA. I will inform you updates regarding this issue

  paul from uk.
Thursday, March 17, 2011

ive used these guys, withdrawn with no problems. traded fine.

Visit MFX Broker (ex-MasterForex) website. 

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