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MasterForex (MFX Broker) Broker: Scam

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May 15, 2018 • Scam Brokers

MFX Broker  

  • Website: masterforex.com
  • Founded: 2006
  • Company: Master Services Inc.
  • Headquarter: Suite 5, Garden City Plaza, Mountain View Boulevard, City of Belmopan, Belize
  • Regulation: IFSC Belize (license #IFSC/60/296/TS/14)

International offices Indonesia, Ukraine, Nigeria
Broker Type ECN/STP • Market maker
Broker Status Independent Broker
Accept U.S Clients No
Live Chat Yes
Phone 8 800 333-00-91 – Russia toll-free
+7 812 719-75-03
+7 812 273-32-00
Fax –
Email [email protected]
Website Languages Arabic, Chinese, Farsi, Russian, Spanish, Malay, Indonesian

 

Account Information

Free Demo Account Yes
Min. Deposit $1
ECN account $500
Account Currencies USD • EUR
Maximum Leverage 500:1 (100:1 – ECN)
Minimal Order Volume
  • 0.01 lot – Standard account
  • 0.1 lot – Micro, ECN, CFD account
Segregated accounts Yes
Swap-free Accounts Yes
MAM/PAMM accounts MAM
Managed account No
Interest on margin Yes 5% per annual
Deposit/ Withdraw Options WebMoney • Bank Wire • RBKmoney • DIXIPay • MoneyGram • Western Union • Anelik • Visa/ Mastercard • Paypal • OKPAY • Paypal • EgoPay

 

Trading Terms

Trading Platforms
  • MetaTrader 4 (Desktop, Mobile, iPhone, iPad, iPod touch, Android, Blackberry. Smartphone)
  • MetaTrader 5
  • cTrader
Precision pricing 4 digits / 5 digits
Type of Spread Fixed / Floating
Commission no – Micro & Standard accounts
yes – ECN account
Lowest spread on EURUSD 2 pips – Regular & Mini-account
0.1 pip – ECN account
Scalping Yes
Hedging Yes
Expert Advisors Yes
One-click execution Yes
OCO orders No
Mobile Trading Yes
Web Trading No
Gold, Silver Yes
CFDs Yes
Other Trading Instruments Futures • Energies • Shares
Promotion Yes
Trading Contests Yes

Reader Interactions

Comments

  1. david says

    March 5, 2017 at 7:15 pm

    #mfxbroker SCAM! NOT PAYING !!!

    Hello everyone I am a citizen of the capital Tbilisi, I am an investor MFX BROKER GEORGIA in the company of the amount invested, to yield offered me my money from the profits of any benefit to me and now, and now is at the foot of my own money to everyone not to trust anyone in this MFX BROKER IGOR VOLKOV AND MARGO ZHIZNEVSKAYA These are the criminals do not trust these people and this company plzz!!!! #mfxbroker SCAM! NOT PAYING !!!

    Reply
  2. Mohammed says

    October 25, 2016 at 8:36 am

    MFX Broker is Deceitful and Coward Broker,
    They have committed acts of fraud through a scheme of CRIMINAL INVESTMENT
    They never serve the withdrawal request.
    I have invested $25500 on May 2016, but I can not make any Withdrawal since June 2016
    until now they pretend as if nothing happened, and they still put a cunning trap for investors
    I can only hope and pray, that they will receive appropriate punishment.

    Igor Volkov, the bandit is the one who should be responsible for this criminal acts in this life and in HELL !

    Reply
  3. Traderdek says

    October 13, 2016 at 2:48 pm

    MFX broker does not pay! Does not respond to phone, email, live chat…. No communication. Do not deposit money,! Its scam. MFX is in bankrupt, all money, which you deposit, are gone forever…
    I wait for 2K euro from 4.10.2016.

    Reply
  4. eluda says

    September 19, 2016 at 10:43 pm

    I have experienced a very bad thing with this thief company, MFX Broker
    Firstly I was interesting with this broker, as they did offer a fixed rate of Invesment
    My withdrawal request had not been processed by them until now, and the status is still “pending X”
    Since 15 August ’16 until now 19 September ’16 they only give their reason that because of technical problem.
    I have bad thinking that MFX Broker is bankcrupt, but they still doing offer their deceptive promises.
    The only way, I think is to prosecute them by International Law
    Their CEO is IGOR VOLKOV , Their Company Chief is Margo.Zhiznevskaya and Their Marketing man is Denis Kulagin
    They have committed a crime of fraud, they should be held accountable by law, they should be imprisoned

    Reply
  5. deryl says

    October 26, 2015 at 10:12 am

    This is my firts forex broker. For now i’m interested in small sums but at high leverage and i’m quite satisfied. They have intuitive trading platform and many types of accounts.

    Reply
  6. Joel says

    October 16, 2015 at 6:19 am

    I have trade with MFX for 10 months and (before i traded with FXCM) i haven’t had any problems with Masterforex. Spreads are low and they have intuitive trading platform (mobile platform also OK). Plus they offer good conditions of trading.

    Reply
  7. Jeremi says

    October 9, 2015 at 8:06 am

    I’m from Finland and has opened account at MFX few months ago, until now I have quite positive experience working with them. They are pretty good in every aspect. Their do job quite well and I see no reason to write allegations against them.

    Reply
  8. luke76 says

    September 10, 2015 at 4:54 am

    I will recommend this broker cause: very nice and skilled clients department, good conditions of trading, no problems with output!

    Reply
  9. Frank42 says

    July 31, 2015 at 7:22 pm

    Good broker, low spreads, instant executuion. I never had any problems using their services. I trade in MFX Broker for 4 months on real account

    Reply
  10. Robert says

    May 11, 2015 at 9:59 pm

    Broker is ok. I have standard account. Spreads execution: 99% positions is ok so better than my last.

    Reply
    • darek says

      July 25, 2015 at 3:29 pm

      Hi. Im newbie with binary options trading, but im want to start, and my question is – yours platform will be ok for me, for begginer?

      Reply
  11. joda says

    April 30, 2015 at 3:57 pm

    Spreads: 7/10
    Execution: 9/10
    Support quality: 10/10

    I trader in MFX Broker for 5 months and. Low spreads and deposits. STP/ECN models

    Reply
  12. muhamad nofi rahmat says

    February 7, 2015 at 10:14 pm

    Saya terjun di dunia forex sudah 4 tahun lamanya. Mencoba beberapa broker dengan mendaftar akun demo atau sekedar ikut kontes untuk mencoba kinerja flatform mt4 atau layanan yang diberikan. Begitu menemukan kualitas broker yang bagus, pelayanan yang ramah dan deposit/withdrawal dengan cepat. Biasanya saya langsung berinventasi dengan akun rill tanpa ragu bila menemukan sesuai dengan kriteria saya. Selama saya berkecimpung di forex ada beberapa broker yang hanya mengambil keuntungan tanpa memperhatikan kelangsungan hidupnya.
    Tidak berdasarkan pengalaman saya saja, beberapa rekan-rekan saya mensurvei salah satu broker ini (MFX broker namanya). Mereka mengikuti kontes atau inventasi rill. Dan dari beberapa yang mengikuti kontes demo/rill menemukan kejanggalan. Ada beberapa yang memenangkan turnamen. Mereka mendapatkan hadiah sesuai posisi dan langsung bertransaksi dengan harapan investasinya berkembang. Setelah nominal tertentu withdrawal akan dilakukan dan tidak sesuai kenyataan akun mereka telah dihapus tanpa adanya konfirmasi.
    Oleh karena itu saya tidak merekomendasikan untuk rekan-rekan yang baru ingin mencoba broker tersebut untuk berinventasi langsung. Anda bisa kehilangan uang dan waktu anda percuma.
    Ini contoh akun saya:
    Login: 125170
    invPassword: 6vdjvPd
    server: MFXBroker-Cent
    nominalnya tidak seberapa, tetapi yang dipertanyakan adalah kinerja broker ini bisa dipercaya atau nggak? Itu terserah anda yang menilai.

    I jump in the world of forex already 4 years old. Try some brokers with a demo account or simply register for the contest to try flatform mt4 performance or services rendered. So finding a good broker quality, friendly service and deposit / withdrawal quickly. I usually directly invest in the real account without hesitation when finding according to my criteria. During my dabbling in forex there are some brokers who only take advantage without regard to survival.
    Not in my experience, some of my colleagues surveyed one of these brokers (MFX broker name). They enter a contest or investment in the real. And of some of the contest demo / rill found irregularities. There are some who win the tournament. They get rewarded according to the position and transact directly with the hope of developing investment. After a certain nominal withdrawal and does not fit the reality of their account has been deleted without confirmation.
    Therefore I do not recommend to colleagues who just wants to try the broker to invest directly. You can lose your money and time wasted.
    This is an example of my account:
    Login: 125170
    invPassword: 6vdjvPd
    server: MFXBroker-Cent
    nominal is not much, but the question is this broker’s performance can be trusted or not? It’s up to you who judge.

    Reply
    • muhamad nofi rahmat says

      February 10, 2015 at 2:22 am

      Finally, MFX Broker noticed my claim. even though my account was closed. Thanks to anyone who noticed my writing and thank you also for publishing my complaint here.
      To other colleagues who feel they have grievances about their emotions MFX broker, please do not hesitate to express her laments, hopefully there is someone who is kind enough to help.

      Reply
  13. Sheldon says

    November 12, 2013 at 9:29 pm

    This broker says that they offer the cTrader platform but after applying for a live account and then being confirmed, they then tell me that cTrader is only offered as a demo account and is not offered on Live trading accounts. This to me does not make any sense as they use cTrader to market their brokerage and attract clients but in reality they do not offer this to their clients.

    Reply
  14. winuga says

    August 24, 2013 at 7:43 pm

    I have been trading in MasterForex since 2008 and sometimes i still trading there for once. their support is pretty good, as it is for a deposit or withdrawal can be done through ecurrency exchangers are widely available in my country so i do not bother to use an electronic payment processor. low spreads for EUR / USD is 2 pips, fast order execution and attractive affiliate program are good things offered by this broker

    Reply
  15. naninov says

    August 3, 2013 at 3:59 pm

    masterforex is a well known broker among indonesian trader, i no longer use it for trading because of i lost my trade there so i did not know how fast their withdrawal process than… when they upgrade their website it seems to heavy to load, but my friend still trading there and found no trouble with their services

    Reply
  16. Saleh Nasseri says

    March 20, 2013 at 1:13 pm

    Nice broker, helpful support and instant executuion

    Reply
  17. John, Uk says

    October 23, 2012 at 6:00 pm

    I will never contact this broker by live chat again and certainly will not choose it for trading!

    I have a question regarding bonus program, at first they did not understand the question and then when I gave more explain, I got a nonsenses answer. Such a professional support team, stay away!

    Reply
    • ahmed says

      December 25, 2013 at 12:55 am

      I have a question regarding bonus program, at first they did not understand the question and then when I gave more explain, I got a nonsenses answer. Such a professional support team, this is also typically happen with me

      Reply

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