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














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

mfxMasterForex 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.

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