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MasterForex Review
MasterForex claimed roots in Malaysia and Russia dating to 2006, but none of its three known domains load today, it was never regulated, and WikiFX logs past withdrawal complaints.
Min Deposit
$5
Spreads From
Not fully disclosed, per WikiFX
Max Leverage
Was up to 1:500, historical data only
Platforms
MetaTrader 4 (historical, sites now down), MetaTrader 5 (historical, sites now down)
Pros
- Offered several MT4 accounts with a 5 dollar minimum deposit, plus ECN accounts from 200 dollars.
- Supported MetaTrader 4, MetaTrader 5, and cTrader, giving traders a choice of platforms.
- Accepted many regional payment methods popular in Russia and the CIS region.
- Claimed a long history dating back to 2006, longer than many small forex names.
Cons
- None of MasterForex's three known website domains load as of our 2026 check.
- WikiFX never found a valid forex license and rated it a high risk, unregulated broker.
- WikiFX records a 2020 exposure report describing an unavailable withdrawal.
- Its Russia based registration and 2006 founding claim were never confirmed on a company registry.
- Spread and commission details were never fully disclosed on its own materials.
MasterForex said it began in 2006, with roots tied to both Malaysia and an office in St Petersburg, Russia. It offered several MT4 accounts from a 5 dollar minimum deposit, ECN accounts from 200 dollars, and leverage up to 1 to 500, plus MetaTrader 4, MetaTrader 5, and cTrader platforms.
MasterForex was never regulated by a recognised forex authority. WikiFX gives it a very low trust score, with flags for a questionable regulatory status and a suspicious operating region. WikiFX also records a 2020 exposure report describing an unavailable withdrawal, along with a separate complaint about a blocked account manager.
As of our 2026 check, none of its three known website domains, listed in full in our sources below, load at all. We mark this profile as closed rather than active. Do not treat any old deposit method or contact detail for this name as current.
Min. Deposit
USD 5
Max Leverage
Was up to 1:500, historical data only
Spreads From
Not fully disclosed, per WikiFX
Platforms
Regulation, fund safety, track record
Spreads, execution, leverage
Platform quality, charting, features
Analysis, webinars, learning materials
Support quality, responsiveness
Mobile app quality, features
