6.4/10
(30 qualified reviews)
Disabled
Scam!
Out of business
US 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
  • Company Master Services Inc.
  • Founded in 2006
  • Offices in
    • Indonesia
    • Russian Federation
  • Payment options
    Show payment options Hide payment options
  • 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 pairs Hide currency pairs
  • Regulated by
    • IFSC (Belize), IFSC/60/296/TS/14
  • Website available in
    Show website languages Hide website languages
  • Support available in
    Show support languages Hide support languages
  • Support methods
    Show support methods Hide support methods
  • Trading server time zone GMT+3
  • Hedging
  • Overnight interest rates (swaps)
  • Trailing stop
  • Pending orders
  • One-click trading
  • Mobile trading
  • Automated trading
  • 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
    • Forex1:100
    • Gold & silver1:500
  • Trading platforms
    • MetaTrader 4
    • MetaTrader 5
  • Digits after dot 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.
  • History
    Show history Hide history
  • Hedging
  • Overnight interest rates (swaps)
  • Trailing stop
  • Pending orders
  • One-click trading
  • Mobile trading
  • Automated trading
  • Minimum account size $5
  • Minimum position size 1 lot
  • Spread type Fixed
  • Spread on EUR/USD, pips 2
  • Scalping Allowed
  • Expert advisors Allowed
  • Trading instruments
    • Forex1:100
    • Gold & silver1:500
  • Trading platforms
    • MetaTrader 4
    • MetaTrader 5
  • Digits after dot 4
  • Margin call level 1%
  • Stop-out level 1%
  • Minimum distance to limit orders, pips 4
  • Number of currency pairs 28
  • History
    Show history Hide history
  • Hedging
  • Overnight interest rates (swaps)
  • Trailing stop
  • Pending orders
  • One-click trading
  • Mobile trading
  • Automated trading
  • Minimum account size $500
  • Minimum position size 1 lot
  • Spread type Variable
  • Typical spread on EUR/USD, pips 0.2
  • Minimum spread on EUR/USD, pips 0.1
  • Commission (one-way) per 1 std. lot $2.40
  • Scalping Allowed
  • Expert advisors Allowed
  • Trading instruments
    • Forex1:100
  • Trading platforms
    • MetaTrader 4
    • MetaTrader 5
  • Digits after dot 4 or 5
  • Margin call level 100%
  • Stop-out level 60%
  • Number of currency pairs 23
  • History
    Show history Hide history
  • Hedging
  • Overnight interest rates (swaps)
  • Trailing stop
  • Pending orders
  • One-click trading
  • Mobile trading
  • Automated trading
  • Minimum account size $500
  • Minimum position size 0.1 lot
  • Spread type Fixed
  • Spread on EUR/USD, pips 2
  • Scalping Allowed
  • Expert advisors Allowed
  • Trading instruments
    • CFD1:10
    • Stocks1:20
    • Futures1:14
  • Trading platforms
    • MetaTrader 4
    • MetaTrader 5
  • Digits after dot 4 or 5
  • Margin call level 1%
  • Stop-out level 1%
  • Minimum distance to stop/limit orders, pips 4
  • History
    Show history Hide history

Reviews

42 reviews of MFX Broker are presented here. All reviews represent only their author's opinion, which is not necessarily based on the real facts.

, Indonesia.

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

, indonesia.

i`m used this broker, no problem!!

, Indonesia.

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

, Indonesia.

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

, uk.

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

, Indonesia.

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..

, nigeria.

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 .

, nigeria.

hay guys people say bads thins about you pls readeem your image buy being honest to traders

, indonesia.

What I like about the MASTER can scapling FOREX is, and can be opened with little capital

, Nigeria.

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.

, USA.

They are a great broker! I trade with Masterforex with no problems. I don't know what all the bad reviews are about. Just do what your supposed to do and you can deposit and withdraw with no problems too.

, South Korea.

Masterforex is scam! Don't join to MF. They do not send your money for withdrawal request. Most koreans know that MF is scam company.

My many friends have not received money.

, indonesia.

what a scammer.... please note that masterforex not a reliable forex broker company... all the profit beeing deleted...

if you guys try to win big in this company... i don't recommended this place.. when you win big.. they will delete all your profits... just beware guys... i'm very disapointed and bad liquid for withdrawal when you requested above 2000 usd.. i do trade in several broker company but not beeing "ACCUSED" for illegal trading .. masterforex said that i'm using an illegal trading way to make profits !!! WHAT THE HECK !!!! AND I"M NOT WORKING FOR OTHER FOREX BROKER COMPANY !!!

, Nigeria.

I still want to give some trial despite all these bad news about them. Though I have never ever traded with them before.

, Nigeria.

i have not tried them.but from good judgement they have more bad news than good news.win to loose is 1:5.run away my guys....

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Forex trading bears intrinsic risks of loss. You must understand that Forex trading, while potentially profitable, can make you lose your money. Never trade with the money that you cannot afford to lose! Trading with leverage can wipe your account even faster.

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