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.
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.
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.
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.
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.
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.
