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Editor Rating
- 5/5 – Excellent
Account!
- MasterForex review
- Website: MasterForex
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Review Summary:
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Using MFX Broker’s MasterForex.com will delight beginners and intermediates hoping to hone in their forex game. With the lowest barrier to entry in the market and countless educational materials within the company and community, there’s no way you won’t advance.
Table of contents
Perfect for beginners, hobbyists, and intermediate traders, MFX Broker’s website MasterForex.com can help shuffle you along into the higher echelon of forex traders on the planet thanks to their easy to use interface and educational materials. With a low barrier to entry and a high interest in your success, MasterForex incentivizes it’s users to move forward in their business like few others brokerages can.
About MasterForex.com
The MFX Group, founded in 2006, has launched and grown MasterForex.com to heights unattainable by other firms. Respected by many media outlets in Belize and surrounding areas, the number of awards obtained by this company raises them to prestigious heights that can help you feel very comfortable entrusting them with your money and business operations.
Awards such as The Best Education Portal, Best Micro Forex Broker, Best Broker in Asia, Broker of the Year, and Best ECN Broker, among many others, is proof anyone might need that you are looking at a top-level brokerage firm. Among the others out there all vying for your attention, MasterForex.com will continue focusing on you instead of client acquisition as you engage in their services.
Top Features of MasterForex
Mentioning all of the quality features of this company is beyond the scope of this article, but highlighting the top will show you that you aren’t dealing with just any old firm. New and veteran traders will enjoy a vast array of benefits when choosing Master Forex.
Cent Accounts and Trading Signal Copying
The most efficient manner of learning is to get out of the demo accounts, which MasterForex most certainly provides, and putting some real stakes on the table. When you know it matters, you’ll pay attention. You can fund your account with as little as one dollar and trade with ultra-micro lots, meaning you can use real money without any drastic consequences.
In combination, the ability to copy the trading signals of established traders can help get you some quick wins under your belt. Deconstructing why these professionals chose to make these trades will propel you forward in knowledge faster than any other method available. As far as I know, this is an exclusive feature of MasterForex.
Educational Portal
Of course, some beginners are truly entering the arena for the first time. These novices will get themselves up to speed quickly thanks to the educational portal provided called the MFX Trading Academy. Progressing through this clinic will allow you to gauge your skill level, follow tutorials and courses, and ultimately graduate with bonuses to get you started in the market.
By reading the trading psychology texts, keeping guided journals, and conversing with others through the forum community, you will be prepared to lay it on the line. Few other brokerages will help teach and enable you to join the ranks of the professionals in the forex market. This is reason enough to choose MasterForex.com.
Promotions and Bonuses
Among the countless promotions and bonuses are those which are beneficial and fun, keeping you engaged through the process and daily routine. For instance, when you make a deposit to your account, the company will match you 200% and provide you with an extra $5 upon your first deposit. Follow the economic calendar and invest in the asset management program and you’re sure to turn a steady profit.
Working alone can be boring, which is why MFX provides many tournaments and contests. Nothing inspires growth and motivation like healthy competition with solid rewards for succeeding. The community knowledge and interaction makes sure nobody gets left behind.
MasterForex Prices
There are various types of accounts offered by this company, more so than others. While CFD accounts for futures may not interest you, the option is there. But the most interest will be in the Standard and ECN types. You can also get started with a demo account as well.
There are three Standard account types, including Standard, 5Digit, and Micro. Each differs based on the minimum deposits of $1, $5, and $25, leverage access, and number of currency pairs you can trade. Depending on your trading style, you will certainly find an account type for you. Each offers very small lot sizes, perfect for beginners. As you know, these accounts will be free to open and will be subject to pay the spreads.
ECN accounts differ in that you will pay a commission versus a spread. The minimum deposits are much higher at $100 and $200 with lower leverages. This all makes sense when you realize you have access to higher liquidity and lot sizes as well. This is for the more seasoned trader who is ready to move volume.
Each account type will have access to MFX Trader 4 and 5 for the PC, which is the company’s own trading platform. Mac users on the OSX operating systems will have to use Metatrader 4 and 5, which is no inconvenience. Most traders are familiar and efficient with this platform. High level traders will enjoy the MFX MultiTerminal in order to fire off countless trades across unlimited accounts at once.
Criticism of MasterForex.com
Overbearingly the reviews and reports from MasterForex users all say that the company is fast in execution, honest and transparent, and consistent. There are always exceptions and a few individuals have reported a couple of problems. If you will encounter any, it might be related to these.
While not personally dealing with these issues, a few people have complained around the internet about slower payments and commissions than stated. That is not to say that they did not get paid, but that there was a delay in the payment processing. Another person reported the same issue but related to the tiered affiliate system. Again, most say they’ve had no issues with depositing or withdrawing. It’s recommended that you test for yourself with smaller numbers first until you feel comfortable and secure. I certainly feel that way now after the several months of trading with them.
Customer Support
MasterForex.com provides the level of support I enjoy. They’ve created a database of documents that can answer most common questions without the need to contact them. If you aren’t sure who to contact or you just want to make a comment that doesn’t require a response, the feedback form will suit your needs.
Some people have urgent, higher level needs, or would just prefer to speak to someone live. For this there is the live chat that is open during all support hours. Most beautifully is the ability to request a callback. This means that you won’t sit around on hold listening to elevator music. You can simply request that they call you online and when your turn in line arrives, you’ll receive a call.
Conclusion
Using MFX Broker’s MasterForex.com will delight beginners and intermediates hoping to hone in their forex game. With the lowest barrier to entry in the market and countless educational materials within the company and community, there’s no way you won’t advance.
Using their own trading platform of the common Metatrader 4, you’ll be able to take part in their constant promotions, bonuses, and tournaments, keeping you entertained during what can often become a lonely and repetitive workflow. My favorite aspect of this company is the ability to copy a veteran’s trading signals to ensure a win and learn as I go. With swift customer support and their database of common questions and answers, this is one of the most lubricated and easy to use companies out there. Give it a shot and it’s a guarantee you’ll enjoy it.
