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Master Door FX

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4.0
(2 Reviews)

Founded: 2022 Min Deposit: 1 USD

Headquarters: Saint Vincent and the Grenadines Max Lev: 1 : 100

Risk Level I

Master Door FX is only registered with SVG FSA, but SVG FSA does not regulate forex.

Score
Business Scope
0.0
Trading Cost
4.5
Trading Platforms
5.5
Support
5.5
Licence Status
SVG FSA 2154
Registered
Contact
Support@masterdoorfx.com
https://masterdoorfx.com/
Account & Cost Deposit & Withdrawal Company & Service Related Complaints Reviews

Deposit and Withdrawal

5.5

Score

No Data
No Data

Company and Service

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Score

Profile
Headquarters Address
Suite 305, Griffith Corporate Centre, Beachmont, Kingstown, Saint Vincent and the Granadines
Founded 2022
Broker Type
ECN
Credit Profile No information
Trading Platforms
MT5
iOS,  Android
Contact
No Data
Others
Website Language
English,  Spanish
Customer Service By
Email
Supported Language
English,  Spanish

Related Complaints

Q&A

Is Master Door FX regulated in Australia?

Praveen Kumar Sahoo
San Marino
2023-08-01
ANSWER Master Door FX is an offshore company registered with the Financial Services Authority of St. Vincent and the Grenadines (SVG FSA) and supposedly located in the US yet not supervised by the National Futures Association (NFA). It is an unlicensed broker and thus not regulated in Australia.While we are able to locate a firm called Master Door Fx in the SVG FSA register, it is crucial to note that the offshore financial watchdog has explicitly stated that entities engaging in forex trading and brokerage are not licensed from this jurisdiction. As such, the investment services/products offered by Master Door Fx are unlicensed.Additionally, Master Door Fx provides an address in the US to appear real. As per US law, if it seeks to launch a business in this country, it is required to be regulated by the NFA and the Commodity Futures Trading Commission (CFTC). So it has to be an NFA-member at first. However, we searched for this company in the NFA register but no records matching it exist.More importantly, to check its licensing data in Australia, we searched the Australian Securities and Investments Commission (ASIC) for Master Door FX. However, we have been unable to find corresponding data, suggesting that it is not regulated in Australia.In conclusion, Master Door Fx is an unlicensed broker that comes with significant risks, such as financial losses and identity theft, as there isn't any regulatory oversight to protect investors from fraud or theft. Therefore, we strongly suggest investors stay away from unlicensed brokers like Master Door Fx and instead choose a fully regulated one.
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Overall Score

4.0
2 Reviews

Cost 4.5

Platforms 5.5

Deposit & Withdrawal 5.5

Customer Support 5.5

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Anyadike Soler
0-6 months Standard Account Peru
I have had an exceptional trading experience with them. Their platform is user-friendly and provides a wide range of trading tools and indicators. The execution speed is lightning fast, ensuring that my trades are executed without any delays. The customer support team is highly responsive and knowledgeable, always ready to assist me with any queries or concerns.
2022-08-07
Reply
Truman Avc
0-6 months Standard Account Togo
Refused my $300 withdraw, then shut down my new account for no reason
2022-07-17
Reply
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Risk Warning:

FX trading is of high risk and may not be suitable for all investors. Leverage will create additional risks and loss. Before trading, please carefully consider your investment objectives, experience level and risk tolerance. You may lose part or all of your initial investment; do not invest money that you cannot afford. Educate yourself about the risks associated with FX trading. If you have any questions, please consult an independent financial or tax advisor. Any data and information are provided "as is" and only for information purpose, not for trading or recommendations. Past performance does not predict future results.

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