Is Master4x a scam or a legit broker?
It is not safe to trade with Master4x, because it is an unregulated broker. In addition, the company has been suspected to be a fraud. While we checked the company there is no authorization or registration of the address, therefore the company seems to be highly suspicious while might operate its services from an absolutely different location.
|🗺️ Registered in||No Registration|
|🗺️ Type of License||No License|
|🛡️ Is Master4x safe to trade||No|
|🗺️ Recommended Licenses||FCA in UK 🇬🇧 & ASIC in Australia 🇦🇺|
|🖥 Alternative Broker||FP Markets - licensed by ASIC in Australia|
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.
No news available.