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FX Broker Master Select Group Review: High Risk (Suspected Scam)

TraderKnows
TraderKnows
07-11

Master Select Group is a Hong Kong-registered forex broker. This article evaluates it on licenses, trading types, software, fund security, deposit/withdrawal channels, and margin ratios.

Introduction to Master Select Group:

Master Select Group offers trading services in various financial assets, including foreign exchange, precious metals, crude oil, US stocks, indices, and more. The company claims to be registered in Hong Kong, China. The information from the Hong Kong Companies Registry's Integrated Companies Registry Information System (ICRIS) confirms the company's registration in Hong Kong. Furthermore, the domain registration information for the company's official website shows that the website domain was registered on August 10, 2017, which is over 6 years ago.

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官网显示公司注册信息查询

官网域名注册信息Whois查询

Is Master Select Group Compliant and Legitimate? Do They Hold Appropriate Financial Regulatory Licenses?

Master Select Group's official website does not provide any information regarding regulatory or authorization details for the company. When checking the website of the regulatory authority in Hong Kong, the Securities and Futures Commission (SFC), there is no information related to this company's regulatory status or authorization.

公司监管信息查询

Trading Instruments Offered by Master Select Group:

According to the information on Master Select Group's official website, the broker offers trading services for various financial assets, including foreign exchange, precious metals, crude oil, US stocks, indices, and more.

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官网显示交易产品信息2

Trading Software Offered by Master Select Group:

On Master Select Group's official website, the company does not provide information about the trading software they use, which raises concerns about the reliability and security of their trading platform.

Fund Safety:

Master Select Group has not disclosed any third-party fund custody information on its official website, raising concerns about the safety of users' funds.

Deposit and Withdrawal Channels:

The company only mentions possible deposit and withdrawal methods on its official website, including bank transfers, VISA, Mastercard, Alipay, and others. They do not provide details on supported currencies, fees, or processing times for deposits and withdrawals.

官网显示存取款信息

Margin Ratios:

Master Select Group displays margin ratio information for some of the trading products on their official website but does not provide comprehensive information for all the products they offer, such as foreign exchange, precious metals, crude oil, US stocks, and indices.

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官网显示保证金比例信息2

Summary:

Master Select Group is an unregulated forex broker engaged in potentially illegal financial activities. The broker has not disclosed crucial information related to user fund safety. TraderKnows reminds you that Master Select Group is a highly risky forex broker. Please stay away from this platform to avoid potential financial losses.

Master Select Group is listed as "suspected fraud" on TraderKnows.

交易圆百科

Risk Warning and Disclaimer

The market carries risks, and investment should be cautious. This article does not constitute personal investment advice and has not taken into account individual users' specific investment goals, financial situations, or needs. Users should consider whether any opinions, viewpoints, or conclusions in this article are suitable for their particular circumstances. Investing based on this is at one's own responsibility.

The End

Wiki

Ponzi Scheme

Ponzi scheme is a type of financial fraud model that promises high returns and pays early investors with the funds from new investors, ultimately leading to losses for the majority.

Organization

Risk Warning

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