Reason to avoid: No license
Listed Date: October 10, 2018
Top 3 Regulated Forex Brokers
Beware Master4x is a Non-Regulated broker. It is NOT SAFE to trade.
- Company name: Strategic Future Investment LTD
- Registration/license: None
- Registration/license requirement: –
Master4x is a Forex and CFDs broker, owned and operated by the Strategic Future Investment LTD. The company claims to have a head office in Dubai. This is basically all the information about the brokerage available on the website. They don’t disclose any contact details as well as trading conditions. There is no information about the company’s regulation or registration. Terms and conditions say something about the Cyprus jurisdiction, although the firm is not licensed by the Cyprus regulator CySEC or any other authority.
Also, there are lots of negative reviews on the net about Master4x’s cold calling. The managers call and tell the potential client’s that the company is reliable because it is FCA regulated, which we already know is not true. Seems like this broker uses fake regulation to get people’s trust.
We recommend traders to avoid unregulated brokers and choose among those regulated by well-known reputable agencies, such as the Financial Conduct Authority in the UK or Cyprus Securities and Exchange Commission. These regulators guarantee the safety of clients’ funds and even can compensate in case the broker goes bankrupt. Check the CySEC-regulated brokers here.