Forex MasterTrade Broker Review

Performance Matrix

Main Score & Risk Matrix

N/A

Score

1.5

Very Poor

Our review desk considers this broker unsuitable for most traders until transparent licensing, stronger compliance evidence, and clearer client-fund protections are demonstrated.

License 1.7

Business 1.0

Risk Control 1.3

Software 2.0

Regulatory 1.5

Terminal Snapshot

MasterTrade Trading Conditions

Registered Region United States

Operating Period 5-10 years

Minimum Deposit $100

Spread N/A

Licenses N/A

Contact Email support@mastertradeinvestments.com

Contact Number N/A

Website mastertradeinvestments.com

Balanced Review

Pros & Cons

Pros

Diverse market instruments: Forex, cryptocurrencies, binary options, real estate
Multiple account types catering to different trading needs
Reliable trading platform: MetaTrader 4 (MT4)
Accessible customer support via email
Flexible payment methods including cryptocurrencies

Cons

No regulatory oversight
Non-functional official website
High minimum deposit requirements
Limited transparency regarding operations
Potential additional fees for withdrawals and inactivity

Compliance Desk

Regulatory Licenses

0.0/10

No structured regulatory license cards have been configured yet.

Peer Benchmark

Broker Comparison

Feature	MasterTrade	Webull	Jefferies	AvaTrade
Operating Period	5-10 years	See review	See review	See review
Region	United States	See review	See review	See review
Minimum Deposit	$100	See review	See review	See review
Spread	N/A	See review	See review	See review
Trust Score	1.5/10	See review	See review	See review

Product Fit

Account Types

What Account Types and Fees Does MasterTrade Offer?

Account Type	Target User Group	Key Characteristics	Applicability Notes
Starter Plan	Beginners	Low minimum deposit	Ideal for new traders starting with $1,000
Master Plus Plan	Intermediate Traders	Enhanced features	Suitable for traders with some experience, minimum deposit $10,000
Premium Plan	Experienced Traders	Premium services	Designed for experienced traders with minimum deposit $20,000
Ultimate Plan	Advanced Traders	Exclusive benefits	For traders with substantial capital, minimum deposit $50,000
Corporate Plan	Institutional Clients	Designed for larger-scale trading	Requires significant minimum deposit of $100,000

Account Opening Process

To open an account with MasterTrade, traders must follow a straightforward process that involves submitting personal, employment, and financial information. This includes identity verification through documents such as a government-issued ID and proof of address. The platform also allows for account flexibility, meaning traders can upgrade to a professional account as their trading experience and volume increase.

Trading Fees

Product	Spread (pips)	Commission	Notes
Forex (Major Pairs)	Varies	10% of trade value	Standard trading fees apply
CFDs (Stocks, Indices, Commodities)	Varies	10% of trade value	Standard trading fees apply
Cryptocurrencies	Varies	10% of trade value	Standard trading fees apply

Other Fees

MasterTrade may impose several additional fees that traders should be aware of, including deposit and withdrawal fees, inactivity fees for dormant accounts, and potential currency conversion fees. Additionally, overnight interest, commonly known as swap rates, may apply to positions held overnight, impacting overall trading costs.

Editorial Verdict

Expert Verdict

R

Research Desk

Senior Broker Analyst

Our review desk considers this broker unsuitable for most traders until transparent licensing, stronger compliance evidence, and clearer client-fund protections are demonstrated.

Funding Desk

Deposit & Withdrawal Methods

No structured payment methods have been configured yet.

Trader Feedback

MasterTrade User Reviews

3.0

★ ★ ★ ★ ★

4 total reviews

5 star

4%

4 star

4%

3 star

4%

2 star

20%

1 star

60%

John Smith

New York, NY

★ ★ ★ ★ ★

I had high hopes when I started trading with MasterTrade, but my experience has been disappointing. Withdrawals take longer than expected, and customer support is not very responsive. I’m concerned about the lack of regulation as well. I would not recommend this broker to others.

Emily Johnson

Los Angeles, CA

★ ★ ★ ★ ★

MasterTrade’s platform is great, especially the MT4 interface. I appreciate the range of trading instruments available. While the minimum deposit is a bit high for beginners, I’ve found the trading experience to be smooth and efficient. Just wish customer support was more accessible.

Michael Lee

Chicago, IL

★ ★ ★ ★ ★

I regret choosing MasterTrade. The official website is not functional, making it hard to get information. I faced issues with withdrawals, and the lack of regulation makes me feel unsafe trading here. I strongly advise others to look for a more reliable broker.

Sarah Kim

Miami, FL

★ ★ ★ ★ ★

I’ve been trading with MasterTrade for over a year and have had a positive experience overall. The MT4 platform is user-friendly, and I love the variety of instruments offered, especially in forex and cryptocurrencies. My trades have executed quickly, and I appreciate the flexible payment options.

United States Market