US traders
Interest rate on funds
Bonus offers
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PAMM accounts
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Affiliate program
Islamic accounts available
Requires sending documents via postal mail| Unrated | |
|---|---|
| Company | MFX Broker Inc |
| Founded and online since | 2006 |
| Offices in | Indonesia Russian Federation |
| Payment options | Credit/debit cards Liberty Reserve RBK Money Wire transfer Yandex.Money |
| Demo platforms |
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| Account currencies | Euro Indian rupee United States dollar |
| Currency pairs | Show currency pairsHide |
| Regulated by | KROUFR The Ministry of Commerce and Industry of Panama, # 1871723-1-717270 DV 48 |
| Website available in | Show website languagesHide |
| Support available in | Show support languagesHide |
| Support methods | Show support methodsHide |
| Trading server time zone | GMT+3 |
| 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 |
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| Trading platforms | MetaTrader 4 MetaTrader 5 MT4-ECN MT4 Mobile (XOGEE) |
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| 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 tradingOpen real account with MasterForex.
View contract specifications.
32 reviews of MasterForex are presented here. All reviews represent only their author's opinion, which is not necessarily based on the real facts.
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.
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 https://www.facebook.com/groups/112642395447205/266891943355582/
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!!!
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 :)
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!
Thank's
i`m used this broker, no problem!!
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, Masterforex.org can be more professional and handle customers problem on time. Case closed."
so Masterforex NOT EXACTLY A SCAM but still RECOMMENDED FOREX BROKER!!!
Thanks..
Best Regards
MASTERFOREX.ORG IS REALLY A SCAMMER !! BE CAREFUL
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 Masterforex.org :
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
ive used these guys, withdrawn with no problems. traded fine.
Masterforex are good to choose.
i\'ve 2 years experiences at this broker, no problem for deposit and of course withdrawl.
Now Masterforex are updating to a new cabinet system, it\\\'s to increase safety and easier to manage our account at this broker :)
Well..you can try this and tell to us..
i cant believe all the bad news about masterforex. ive tried them several time and they where oky , i whithdraw every time and i was never disappointed .
hay guys people say bads thins about you pls readeem your image buy being honest to traders
What I like about the MASTER can scapling FOREX is, and can be opened with little capital
They are a bunch of crooks defrauding innocent traders of their money and the should be closed immediately because i am a victim of their fraudulent act.
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Good broker, good support, and very fast order execution..