General Information
MastersFx was founded in 2014 to offer its clients trading services on forex trading, Cryptocurrency trading and stock trading.
Here is the screenshot of MastersFxs website homepage:
Regulation
MastersFx does not tell the public who is behind it, and according to WikiFX, it is not authorized or regulated by any regulatory body, and it only get a very low score of 1.22/10 on the WikiFX website.
Market Instruments
With MastersFX, traders are allowed to get access to Copy trading, Forex trading, Cryptocurrency trading, and Stocks trading.
Account Types
Both novice and experienced traders can choose from four types of trading accounts with MasterFX platforms, namely Starter, Premium, Master, and Pro accounts. The minimum deposit will specify what account type you hold. An initial deposit of $100 to $1999 will allows you to open a most basic account. The Premium accounts are required to inject $2,000 to $4,999, and Master accounts ask for an initial deposit of $5,000. While for the most expensive account, the Pro accounts, requires a minimum deposit of $10,0000.
Spreads & Commissions
Spreads offered by MasterFX start from 0.0 pips, with no commissions charged, which is too good to be true given the fact that MasterFX is not regulated anyway.
Trading Platform
MasterFX seems offer a webtrader, but there is no further description about its trading platform.
Customer Support
The FAQ section of the MastersFX is very helpful for clients who have inquiry, and this broker can also be reached through filling out the form below:
Email: info@masterfx.live
Risk Warning
Trading leveraged products such as forex, cryptocurrencies and derivatives may not be suitable for all investors as they carry a high degree of risk to your capital. Please ensure that your fully understand the risks involved, taking into account your investments objectives and level of experience.
The information presented in this article is intended solely for reference purposes.
Pros & Cons
Frequently Asked Questions
What are the fees？
MasterFX does not charge any setup or maintenance fees, each trader gets a set percentage of the profit they make.
What is the maintenance fee？
Some of Masterfx products have a maintenance fee attached. The maintenance fee covers all costs related to mining including:
Electricity cost
Cooling
Maintenance work
Hosting services
The fee is fixed in USD but deducted from daily mining rewards in the natively mined coin on a daily basis.
What trading products and services offered by MasterFX？
MasterFX provides Copy trading, Forex Trading, Crypto Trading and Stock Trading.
