Score
MSG
Singapore|5-10 years| https://www.msgtrader.com/en/
Website
Rating Index
MT4/5 Identification
MT4/5
Full License
MasterSelectGroup-Live
IndonesiaInfluence
C
Influence index NO.1
Taiwan 2.84MT4/5 Identification
MT4/5 Identification
Full License
IndonesiaInfluence
Influence
C
Influence index NO.1
Taiwan 2.84Surpassed 37.60% brokers
Contact
Licenses
Single Core
1G
40G
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MASTER SELECT GROUP LIMITED
MSG
Singapore
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- The number of the complaints received by WikiFX have reached 30 for this broker in the past 3 months. Please be aware of the risk and the potential scam!
- The Saint Vincent and the Grenadines FSA regulation with license number: 3172 LLC 2023 is an offshore regulation. Please be aware of the risk!
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MSG · Company Summary
Company Summary
Company profile
General Information & Regulation
MASTER SELECT GROUP (MSG, for short) is an online broker that provides online trading services to investors worldwide. MSG currently holds a retail foreign exchange license from the Vanuatu VFSC (license number: 40378).
Market Instruments
MSG provides investors with financial trading products such as foreign exchange, precious metals, crude oil, indices, US stocks, and cryptocurrencies.
Minimum Deposit
MSG offers all investors a trading account with a minimum deposit of $500, a high amount for most regular traders to get started.
MSG Leverage
In respect to trading leverage, this part is not fully disclosed. According MSG customer service staff, the trading leverage differs depending on various instruments.
Spreads & Commissions
As spreads listed on MSG website, they are super high. The spread on EURUSD, GBPUSD, AUDUSD pairs is as high as 30 pips, 50 pips for XAUUSD, 4 pips for XAGUSD, and 5 pips for Crude Oil. Most legit brokers offer the spread on EURUSD around 1 pip to 1. 5 pips. So here, we can judge MSG is not a legit broker, and traders should stay away from this broker.
Trading Platforms
MSG provides investors with the market-leading and widely acclaimed MT4 trading platform, as well as MT4 Windows, MT4 iOS, and MT4 Android versions. The platform offers traders a wide range of trade execution features, unlimited charts, rich technical indicators and curves, custom indicators, and scripts to support traders in implementing any easy or complex trading strategy.
Deposit & Withdrawal
MSG supports traders to deposit and withdraw funds to their investment accounts via credit card, wire transfer, and USDT cryptocurrency.
| MSG Review Summary | |
| Founded | 5-10 years |
| Registered Country/Region | Singapore |
| Regulation | NFA (General registration) |
| Market Instruments | Forex, stock CFD, commodity, metals, cryptos, index |
| Demo Account | Unavailable |
| Leverage | Not mentioned |
| EUR/ USD Spread | Not mentioned |
| Trading Platform | MT4 |
| Minimum Deposit | $100 |
| Customer Support | 24/5 email, Twitter, Facebook, Instagram and YouTube, live chat |
What is MSG?
MSG offers popular trading instruments across various asset classes. Clients have the option to open live accounts, with a minimum deposit requirement of $100. The platform provides access to MT4. And customer service can be available 24/5 through live chat and email.
Pros & Cons
| Pros | Cons |
| • Various trading instruments | • No 24/7 customer support |
| • MT4 supported | • Limited information about leverage and commission |
| • Long years experience | • No demo account available |
| • Live chat available | |
| • convenient deposit and withdrawal methods |
Is MSG Legit?
MSG (MASTER SELECT GROUP LLC) is regulated by the Financial Services Authority of Saint Vincent and the Grenadines and holds a Business Registration license (License No. 3172 LLC 2023). Its status is classified as “Offshore Regulated,” indicating compliance with local regulations.
Market Instruments
MSG offers five classes of tradable instruments. Here are the different types available:
- Forex: MSG provides trading opportunities in the global currency market, allowing you to trade currency pairs like EUR/USD, GBP/JPY, etc.
- Stock CFDs: Contract for Difference (CFD) enables you to speculate on the price movements of individual stocks without owning the actual shares. MSG offers a selection of stock CFDs from different companies.
- Commodity/Metal: You can trade CFDs on various commodities and metals, such as gold, silver, crude oil, natural gas, etc., allowing you to speculate on their price fluctuations.
- Crypto Currency: MSG provides access to the exciting world of cryptocurrencies, allowing you to trade popular digital currencies like Bitcoin, Ethereum, Litecoin, etc.
- Index: MSG offers trading opportunities in stock market indices, such as the S&P 500, Dow Jones Industrial Average, NASDAQ, FTSE 100, etc. This enables you to trade the overall performance of a particular market.
Accounts
MSG offers live account for their clients and the minimum deposit is $100. To open a live account, traders will be required to register their profiles by clicking on any of the “open live account” buttons. This step is necessary to initiate the process of opening a live trading account with MSG.
Trading Platform
MSG provides its clients with the popular MetaTrader 4 (MT4) trading platform. MT4 is a powerful and widely-used platform in the financial industry, known for its user-friendly interface, advanced charting tools, and comprehensive trading capabilities.
With the MT4 platform, traders have access to a wide range of features and tools to enhance their trading experience. The platform allows for real-time price quotes, a variety of order types, and advanced trading execution. Traders can easily monitor their positions, manage their trades, and analyze market trends using the extensive charting package available.
Another noteworthy feature of MT4 is its mobile compatibility. Traders can access their trading accounts and trade on the go using the MT4 mobile app, available for both iOS and Android devices. This ensures that traders can stay connected to the markets and manage their positions anytime and anywhere.
See the trading platform comparison table below:
| Broker | Trading Platform |
| MSG | MT4 |
| Eightcap | MT4, MT5 |
| AETOS | MT4 |
| TigerWit | WebTrader, Mobile App |
Deposits & Withdrawals
The official website mentions that deposit and withdrawal processing is quick and diverse, especially with over ten types of deposit currencies available. However, specific information requires registration to access.
Educational Resources
MSG offers a comprehensive Trading Academy that provides educational resources to enhance traders' knowledge and skills. The academy covers a wide range of topics to help both beginner and experienced traders improve their understanding of the financial markets and trading strategies.
The academy includes introductory courses on various trading platforms, such as MT4 and MT5. These courses provide detailed explanations of the platforms' features and functionalities, helping traders navigate and utilize the full potential of these popular trading platforms.
Customer Service
MSG offers live chat. With live chat, customers can get their questions answered quickly and receive help with any issues they may have. It's a convenient and effective communication channel that can improve customer satisfaction and increase sales.
Customers can visit their office or get in touch with customer service line using the information provided below:
Email: support@msgforex.com
Moreover, clients could get in touch with this broker through the social media, such as Twitter, Facebook, Instagram and YouTube.
Twitter: https://twitter.com/msgforex
Facebook: https://www.facebook.com/msgforex/
Instagram: https://www.instagram.com/master_select_group
YouTube: https://www.youtube.com/c/msgforex
Whats more, MSG provides a Frequently Asked Questions (FAQ) section on their website to assist their clients with commonly asked questions and provide relevant information. The FAQ section aims to address common queries and concerns that investors may have regarding the company's services, processes, and investment opportunities. By offering this resource, MSG aims to provide transparency and clarity to their clients, helping them make informed decision.
Conclusion
In conclusion, MSG is a trading platform that offers a range of services to its clients. The platform provides access to various financial markets, allowing traders to diversify their portfolios and capitalize on different trading opportunities. With its user-friendly interface and advanced charting tools, MSG's trading platform, MT4, caters to the needs of both beginner and advanced traders.
Frequently Asked Questions (FAQs)
Is MSG legit?
No, MSG currently operates under no regulation.
Does MSG offer demo accounts?
No. It does not offer demo accounts.
Does MSG offer industry leading MT4 & MT5?
Yes. It only offers MT4.
What is the minimum deposit for MSG?
The minimum initial deposit to open an account is $100.
Is MSG a good broker for beginners?
No. It is not a good choice for beginners. Too many reports of being unable to withdraw can't be overlooked.
Risk Warning
Online trading involves significant risk, and you may lose all of your invested capital. It is not suitable for all traders or investors. Please ensure that you understand the risks involved and note that the information provided in this review may be subject to change due to the constant updating of the company's services and policies.
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