MasterForex Broker
| Company | MFX Broker Inc |
|---|---|
| Founded in | 2006 |
| Online since | 2006 |
| Offices in | Indonesia, Russian Federation |
| Payment options | Credit/debit cards, Liberty Reserve, RBK Money, Wire transfer, Yandex.Money |
| Demo Platforms | Meta Trader 4 and MT4 ECN both limited to 30 days use |
| Account currencies | Euro Indian Rupee, United States Dollar |
| Currency pairs | AUD/CAD AUD/CHF AUD/JPY
AUD/NZD AUD/SGD AUD/USD CAD/CHF CAD/JPY CHF/JPY CHF/SGD EUR/AUD EUR/CAD EUR/CHF EUR/DKK EUR/GBP EUR/HKD EUR/JPY EUR/NOK EUR/NZD EUR/SGD EUR/USD GBP/AUD GBP/CAD GBP/CHF GBP/DKK GBP/JPY GBP/NZD GBP/SGD GBP/USD NZD/CAD NZD/CHF NZD/JPY NZD/USD SGD/JPY USD/CAD USD/CHF USD/DKK USD/HKD USD/JPY USD/NOK USD/SGD |
| Regulated by | KROUFR, The Ministry of Commerce and Industry of Panama |
| US Traders welcome? | No |
| Bonus? (detailed) | |
| Website available in (languages) | Arabic, Chinese, English, Faeroese, Indonesian, Malay, Russian, Spanish |
| Support available in | Chinese, English, Faeroese, Indonesian,
Russian, Spanish |
| Support methods | Callback, Email, Forum, Live chat, Phone,
Skype, Web form |
| Account Types (micro standard executive islamic) | Micro, Standard, ECN, CFD |
| Minimum account size | 1 |
| Minimum position size | 0.01 lot |
| Spread type | Fixed |
| Minimum spread on EUR/USD, pips | 2.0 Pip |
| Scalping | Allowed |
| Expert advisors | Allowed |
| Trading instruments (GOLD; CFD, etc. and the leverage) | Forex- 1:100, Gold & Silver – 1:100 |
| Trading platforms | Meta Trader 4, Meta Trader 5, MT4-ECN, MT4 Mobile |
| Digits after the dot in quotes | 4 |
| Margin call level | 1% |
| Stop-out level | 1% |
| Number of currency pairs | 28 |
| Bonus offers | Yes |
| Trading contests | Yes |
| Trading by telephone | Yes |
| MAM accounts | Yes |
| Affiliate program | Yes |
| Islamic accounts available | Yes |
| · Hedging | Yes |
| Overnight interest rates (swaps) | Yes |
| Trailing stop | Yes |
| Pending orders | Yes |
| One-click trading | Yes |
| Mobile trading | Yes |
| Automated trading | Yes |
MasterForex broker was established in the year 2006 and has been into internet based online trading is since then. The name of the company is MFX Broker Inc. They have their offices in Indonesia and Russian federation and this is very great for the traders in this country. They offer a large number of features which helps in easy trading like, PAMM, LAMM, MAM accounts are offered by the company. They also offer Islamic accounts to their Muslim traders who follow Islamic laws on trading. They also offer different types of bonuses to their clients which further adds fund to their account. The company also conducts trading contests which keeps the interest of the traders alive. The best part is that you can also place your orders using telephone. They also save you the problem of sending the documents through the postal mail. The various payment options offered by the company are credit cards, debit cards, Liberty Reserve, RBK Money, Wire Transfer and Yandex.Money.
The demo accounts are also offered free of cost to all the traders and the trading platform offered is Meta Trader 4 and MT4-ECN and is limited to 30 days of use. However, the trading platform for real trading are Meta Trader 4, Meta Trader 5, MT4- ECN and MT4 Mobile. The Meta Trader 4 is the most well-known trading platform of the forex market and the Meta Trader 5 is the newer version of the same and is novice in the market. However, MT4 mobile helps the trader to trade on their mobile as well. The software just needs to be downloaded on your compatible mobiles. They also allow scalping and the use of Expert Advisor. The minimum amount required to open an account with them is just $1 and the minimum position size is 0.01 Lot.
The reviews also speak all positive about MasterForex broker. Most of the reviews speak about the user friendly interface of the trading platform and the ease it provides while trading. Many of the reviews speak about their MT4 Mobile trading platform which helps in easy and smooth trading even on the mobile. Many of them like the bonus offers and the trading contests conducted for the traders. They also offer many payment options which make the deposit and withdrawal of money a hassle free affair. They offer 28 currency pairs to trade in and include all the major pairs. They allow trading in Gold and Silver as well along with Forex and the leverage on them is 1:500 and 1:100 respectively. The website is also multilingual and available in 8 languages and is liked by many. The customer support service is also multilingual and is available in 6 languages and can be reached via call Back, email, phone, web form, forum, live chat, phone and even Skype. Their customer support is very friendly and highly responsive as mentioned in some of the reviews. The overall rating is very positive and the rating given to the company by its users is 6.2 out of 10.