de | cn | ru

Master4x Review - is it scam or safe?

Master4x Review - is master4x.com scam or good forex broker?

RATING: 1.6 / 9 REVIEWS Master4x
Master4x is an offshore broker. Your money is not safe.

RECOMMENDED FOREX BROKERS


Trading Accounts & Conditions

 

Account type Minimum deposit Minimum trade size Maximum leverage Spreads
Standard $200 0.1 1:500 1.4 pips

 

As information about different trading conditions is not available on the broker’s website, we assumed that Master4x offers a single account type with variable spreads and leverage up to 1:500.

 

In addition, Islamic (Swap Free) accounts are also available with this broker.

 

Master4x Advanatges:

 

- Competitive spreads

 

Usually forex brokers offer spreads within the range of 1.0 – 1.5 pips for the EUR/USD pair, and Master4x is no exception. When we tried its demo account, its spreads floated around 1.4 pips for this pair and no commission applied.

 

If you wish to trade with lower spreads, and more importantly, with a trusted broker, check out what global brokerage IG has to offer.

 

- MT4 available

Master4x supports the Metatrader 4 trading platform and offers it in all forms and shapes – desktop download, web-based versions and mobile apps.

 

The MT4 trading terminal is globally popular due to its ease of use, great charting , wide range of automated strategies (Expert Advisors), technical analysis indicators, customization options and more.

 

>>Other MT4 brokers<<

 

- High leverage levels

Although it is questionable whether using leverage levels as high as 1:500 is a good trading strategy, the fact that Master4x offers such leverage ratios is considered as an advantage. You are not obliged to use this option to the fullest, as it involves greater risks of losses.

 

Master4x disdvantages:

 

- Not regulated

Master4x is operated by Strategic Future Investment LTD, a company whose head office is allegedly in Dubai. This company, however, is not licensed to provide brokerage services by the local authorities, nor by any other governmental agency. We won’t get tired of repeating how risky investments in such companies are.

 

- Comparatively high initial deposit required

In order to open an account with Master4x, one has to invest at least $200, which is not that much, however many trusted brokers require less. For example, you can open an account with leading forex brokerage IG by depositing a mere $1.

 

- No micro lots

This is not a major flaw, yet the option to use micro lots allows you to have a better risk management strategy.



Conclusion

 

The offerings of Master4x are not bad, yet they are also nothing special in the world of forex. It offers trading in wide range of financial instruments on the good old MetTrader 4 platform with average spreads and high leverage levels. It even provides VPS service.

 

Nonetheless. The major flow of this broker is that it is not licensed, which means that if you choose to use it, your investment is at risk. Master4x and its team can simply disappear with your money.

 

Considering the above, you’d better select a good and reliable broker instead. One of the best jurisdictions for forex brokerage regulation is those in the UK. Brokers licensed there are required to meet stringent rules on capital adequacy, client account segregation, AML, transaction reporting and many more.

 

>>Brokers regulated by the FCA «

 

To sum up the above:

 

Pros

Cons

Competitive spreads

Not regulated

MT4 available

Comparatively high initial deposit required

High leverage levels

No micro lots

 

 

 

Latest news about Master4x
No news about Master4x. Check back later.
Broker Country Regulation Platform Min Deposit Review
US CFTC, NFA MT4, Web,
in-house
$50 Review Website
US NFA, CFTC MT4 $250 Review Website
Cyprus, UK, Mauritius CySec, FCA, FSC MT4, MT5, Web $10 Review Website
Australia ASIC MT4, MT5,
IRESSTrader
$100 Review Website
Cyprus, Australia CySec, ASIC MT4, MT5 $5 Review Website
UK, Australia, South Africa FCA, ASIC, FSCA MT4, Trading
Station,
NinjaTrader
$50 Review Website
UK, Cyprus, UAE, South Africa FCA, CySEC, DFSA, FSB MT4, MT5, FxPro
Markets,
cTrader
$100 Review Website
Cyprus CySEC MT4, MT5, Web $1 Review Website
Belize IFSC MT4, MT5 $100 Review Website
Cyprus, UK, South Africa, UAE CySec, FCA, FSCA, DFSA MT4, MT5, Web $5 Review Website
Cyprus, UK CySEC, FCA MT4, MT5 $1 Review Website
UK FCA MT4, Web, MT4
for Mac
$100 Review Website
Australia, UK ASIC, FCA MT4, MT5,
cTrader
$200 Review Website

Traders` reviews for Master4x

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

 

 

I would like to withdraw my money

Could you be so kind and tell me where my money is. Account number 13317 8016. I would like to withdraw my money.

Yours sincerely

Jan Elmborg

Jan Elmborg 07/12/2019

No es justo

Deseo recuperar mi dinero 1300 euros no es justo que exista empresas que roban a los clientes que trabajan honestamente si yo recupero gracias pero si no recupero un dia la ley sera justa ya que pagaran con la prision.

Translated by Google:

I want to recover my money 1300 euros is not fair that there are companies that steal the clients who work honestly if I recover thanks but if I do not recover one day the law will be just as they will pay with the prison.

Oswaldo Vasquez Vallejo 04/29/2019

master4x additional info

Hi,

I read your review on the site, and it appears that some of the statements are incorrect, maybe outdated.

First, there are multiple account types offered:
Micro, Standard, Premium, VIP.
https://www.master4x.com/micro-account.php?lang=en
spreads are from 0.2 pips to 1+
max leverage depends on account type, but is between 1:500 and 1:100

micro lots are offered in 2 out of the 4 account types.

that being said, I would still not recommend them.

Gabor Nagy 01/11/2019

Master4x- state lontani sono solo arraffoni

dopo il deposito l'agente non fa altro che chiedere soldi, e prepotente e arrogante. le operazioni che consigliano sono spesso in sofferenza.alla fine ti abbandonano perche non depositi... fino a distruggere il conto state lontani mille nmiglia


Translated by Google:

after the deposit the agent does nothing but ask for money, and arrogant and arrogant. the operations they advise are often in distress. At the end they abandon you because they do not deposit ... until you destroy the account, you are a thousand miles away

roberto 12/16/2018

complaint due to refusal to comunicate over withdraw

this lot are rubbish they are not professional in any shape or form.try getting a withdrawl .and all hell breaks loose,my broker mrs kate robinson treated me as if i was a piece of excrament .never accept a bonus ,if you do you are giving away your money and when you complain the sss~ hits the fan, this is just a friendly warning hoping no body looses out

William McGrath 12/07/2018

scam broker

thebroker is ok the staff are questionable one in particular was like a demented person shouting screaming down the phone claiming credit for trades she didnt do be very carefull mrs robinson bites like a cobra couldnt get a withdraw ,probably lost my money, not regulated or lisenced

William McGrath 12/06/2018

I would not go with this company if i was you

I had a call from these today, and they could not give me answers to my questions about the business.

Also, they wanted to connect to my PC, which is a big no no for anyone!

But my biggest worry about this company is the guy on the phone told me they where FCA registered, then told me the benefits of not being regulated, so i asked him if they are or not, he said they are. So a quick search on the FCA website reveals that they are not registered!

I asked for the registry number which he could not provide, clearly.

If you are looking for a broker, forget these ones, just go with the main ones which suite your needs that are regulated. Much safer!

dale 08/27/2018

Not a legit business

Website is registered anonymously. No elementary information about the ceo or the HQ's physical location can be found other than a PO Box address, which doesn't count. Similarly named projects have been in conflict with the FPA in the past.

Website is designed aggressively and containing little to no concise information about the company itself. The visitor will be bloated with lots of generic emotion-based gibberish e.g why you should choose master4x, why it's important to diversify portfolio via master4x, pictures of increasing graphs etc.

This is not a legit business. Save your time and nerves, stay away from them.

Time saver 04/27/2018

Master4X address

22-01-2018
Website: www.master4x.com

I have an account with this broker now for some months. They provide Skype or E-Mail, Tel Support. The support I have been given to date is okay. I am happy with the advise given to date.

However not all my questions have been answered.

The companies address and director or owner remains somewhat unclear. The company is also not registered with the UK Gov Book of Companies. Unfortunatly I found no record of Master4X.

The addresses I have been provided with are as follows:

Torre Jacovides, terzo piano
Grivas Digenis Avenue
CY- 1090, Nicosia, Cyprus
Tel +39 02829 51973

22 St James's Square, St. James's
London SW1Y 4JH, UK
Tel. +44 0208 089 2603

Master4X say the are licensed and regulated with
St Vincent and the Grenadines:
Suite 305
Griffith Corporate Centre
P.O. Box 1510
Beachmont Kingstown

I will update my feedback about this company in the near future.

Thomas Grant 01/22/2018
de | cn | ru