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Mason Ford Review - is it scam or safe?

Mason Ford Review - is masonford.com scam or good forex broker?

RATING: 1 / 3 REVIEWS Mason Ford
Mason Ford is an offshore broker. Your money is not safe.

RECOMMENDED FOREX BROKERS


Trading Accounts and Conditions

 

Trading account  Min. deposit Max. leverage Spread
Standard  EUR 250 1:1000 0.9 pips

  

Mason Ford is a cryptocurrency and forex broker that offers four account types - Basic, Standard, Silver, and Gold. However, it is not clear whether and if those trading accounts differ, as the broker has disclosed nothing but the entry level amounts required. That is why we filled the above table with what we saw on Mason Ford’s platform,

 

Apart from their account types and trading conditions, we have serious concerns about this broker and the details will be highlighted below in this review.

 

 

Mason Ford Advantages

 

Low spread

Mason Ford has not mentioned any reference spreads on its website, but when we logged into the broker’s platform, we found the spread on EUR/USD floating around 0.9 – 1.0 pips, which is quite lucrative for traders. However, note that the cost of trading isn’t more important than the security of your funds, which depends on whether the broker is regulated and reliable. Keep in mind that Mason Ford is not a legitimate brokerage.

 

 

>> Compare the spreads of top forex brokers <<

 

 

Huge selection of assets, high leverage

Another possible benefit of this broker is its rich product portfolio, covering over 300 markets including forex pairs, shares, indices, commodities, precious metals and a good selection of cryptocurrencies.

 

Furthermore, Mason Ford provides up to 1:1000 in leverage, which would be more than enough event for the most aggressive traders out there. That being said, we should warn those of you who are not well-acquainted with the principles of margin trading that using  leverage ratios that high could quickly and easily result in a serious loss.

 

 

Mason Ford Disadvantages

 

Limited company info, no financial regulation

The broker says to be owned and operated by Mason Ford Group, but provides no further information about the company. So, we googled it, and found out that the only mention on such a firm is on Mason Ford’s website. This leads us to suspect that such company does not exist.

 

The only other information available on Mason Ford’s website is a Contact number in the UK. Brokerages in the United Kingdom are regulated by the Financial Conduct Authority (FCA) and are required to abide by strict rules regarding their conduct. However, we didn’t find Mason Ford’s name in the FCA’s register of financial services providers. So, we can safely conclude that, whichever company is running this brokerage brand, it is not licensed by any financial regulator.

 

We keep reiterating that regulation is the single most important factor for the safety of any investment and the fact that Mason Ford does not have a license significantly lowers its credibility.

 

Trading conditions not disclosed

Mason Ford’s website only mentions the leverage levels provided, as well as the minimum deposit amounts required for each account type. We couldn’t find essential information on the trading conditions, such as reference spreads for the different account types, commission fees, swaps, etc.

 

We always view the lack of information as huge negative, but having in mind the regulatory status of this broker, it is no surprising it is missing. We would advise clients to always be as well-informed as possible before investing with any CFD provider. 

 

No access to MetaTrader

Instead of the powerful MetaTrader 4 (MT4), this broker uses some web-based platform. Although this trading interface is intuitive and not devoid of analytical tools, there is no room for comparison with the good old MT4.

 

Click on the image to view full-size.

 

 

>> Wanna trade with the top MT4 brokers? <<

 

 

Besides, this platform is not unknown to us, and it is always supported only by unregulated brokers and con-artists. No legitimate broker has ever utilized this trading interface.

 

 

Conclusion

 

Mason Ford is one of the thousands unregulated brokers on the forex market. While its trading conditions seem alright, the lack of valid forex broker license makes this company an unreliable trading partner.

 

It is only in the best interest of investors to select among companies that are reliable and licensed by well-establisged governmental agencies like the FCA in the UK or CySEC in Cyprus. This is the only way to minimize the risk of foul play in the forex and cryptocurrency market.

 

 

>> Our list of reliable crypto brokers <<

 

 

And finally, here are the highlights of the present review of Mason Ford:

 

Pros Cons
Generous leverage, seemingly good spreads Limited company info, no financial regulation
Huge selection of assets Trading conditions not disclosed
  No access to MT4

 

Latest news about Mason Ford
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Traders` reviews for Mason Ford

Spread

Pros

Cons

 

 

Slippage

Pros

Cons

 

 

Requotes

Pros

Cons

 

 

Price feed

Pros

Cons

 

 

Platform

Pros

Cons

 

 

Deposit/Withdraw

Pros

Cons

 

 

Customer service

Pros

Cons

 

 

Summary

Pros

Cons

 

 

Mason Ford scammers

I signed up with Mason Ford, then was assigned to a "Senior Analyst " within a day he was asking me to deposit more money (eg £1000), which I did, then three days later wanted me to deposit even more money to take advantage of extra trading benefits, (eg £9000), which I did, we then made $380 in 2 days trading. Then by the end of the week he was trying to convince me to deposit $48,000 this would be in an investment account and over 6 months would increase my money to €180,000.
By now my now I was seeing red flags and alarm bells as I was getting suckered in to a serious scam that was going to end up with me being seriously in debt. The so called senior analyst reassured me that my money was safe and all losses would be covered by Mason Ford if he made a bad decision.... I asked for my £9000 back to test the companies honesty before I transferred in the $48,000... I was told that if I took all that money back I would be investigated by the authorities for money laundering,, " best if I took just €3000 instead" I said NO I WANT THE TAKE MY £10000 TO TEST THE COMPANIES HONESTY BEFORE I TRANSFER IN THE LARGE DEPOSIT THEY RECOMMENDED.
So three days it took for the €10000 to arrive in my Credit card account, leaving $1260 in my trading account. Every day the Senior Analyst asked when I was going to put my $48K in their account and every day I said 10 working days... then I sent an email three times asking to close my account and return any funds to my account, this never happened and I changed my credit card after telling my Card company about my foolish mistake with this scamming company called Mason Ford who are trading from Singapore but use a UK telephone number system... BE WARNED EVERYONE SCAMMERS ARE ALWAYS AFTER YOUR MONEY, TRUST NOONE WHO KEEPS ASKING FOR MORE MONEY AND TELL YOU ITS ALL SAFE IN THE BITCOIN TRADING COMPANIES..

Rab Mair 09/14/2019

Lost 10000€ with Manson Ford

Lost 10000€ still have contact with them.

Benny 09/10/2019

Lost €25,000 with Masonford

My personal experience.Lost 25,000 € (total investment)
They are thieves, liars and cheaters

I can give you address of Headvoffice (not in Europe!),
names, e-mail addresses, phone number of their support, documents cons. bonuses, insight in the trades we made.....

MARCEL MAEREVOET 08/19/2019
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