Broker Masters Review: Avoid this Losing Scam

Broker Masters Review: Avoid this Losing Scam

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Broker Masters is a company that claims traders will enjoy great benefits by investing with them. The platform views itself as the best venture in the market. They welcome novice investors to join them and increase their confidence.

The platform will allegedly guide you in your trading activities. There is much that the entity is offering. Unfortunately, the venture has characteristics of a scam. The company is also offering educational services to their customers.

Broker Masters has an eBook that will assist investors to discover forex trading strategy. The information is provided in the form of a video. The firm is an offshore broker that can exit the market anytime they please.

The majority of scammers operate in the same manner. They make luring offers that are irresistible to investors. The company will ask for personal information like telephone numbers and email address. They will spam your email.

Additionally, you will start receiving disturbing phone calls. They will convince you to deposit funds in their system. After making this mistake, the fraudulent platform will receive a commission for managing to sign up for a new victim. Review

Broker Masters claims that expert traders in the industry founded it. The entity further states that it is the leading forex trading service provider online. The claims are false and only meant for their marketing pitch.

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Additionally, this suspicious venture states their main focus is their clients. They welcome both newbies and veterans to trade with them. Nonetheless, no expert trader would risk their funds’ safety in such a platform.

Broker Masters Review, Broker Masters Platform

Broker Masters allegedly has the best trading tools in the market. The entity does not provide any information regarding their team. Therefore, we do not know the qualification of people handling traders’ money.

You should not trust blindly. Furthermore, the company does not have a trading history. The entity was established in April 2020. The possibility of the entity surviving the market is very slim. You should invest in a company that has trading results.

There are better forex trading brokers in the market that accepts funds from low as $200. Additionally, they are transparent and trustworthy. Your safety will be a priority, and you can also trade with confidence.

BrokerMasters Trading Conditions

Broker Masters has outrageous requirements for their clients. The entity accepts the least amount of funds of $5000. The company has four trading plans. The leverage that the company is offering is that of 1:200. It is beyond what regulatory bodies recommend.

Therefore, it means the risks that traders are exposed to are very high. The spread for EUR/USD currency pair is 3 pips. Trading with this entity will expose you to multiple risks. Despite Broker Masters being shady, they have an MT4 platform.

It is one of the best interfaces in the market that the majority of traders use. It comes with multiple features like; various EAs, technical indicators, charting, and you can backtest their features or customize your bots.

Unfortunately, it does not matter what this venture is offering. The fact remains that the company is an illegal scheme. You can also find a better alternative in the market which are offering the MT4 platform.

Withdrawal and Deposit

Broker Masters is accepting funds via Skrill, MasterCard VISA, Bank Wire, Neteller, and e-wallets. You can also cash out using the same methods. The platform does not indicate having additional fees for their customers. However, these being an offshore entity expect anything from them.

The company has trading bonuses for their customers. Nonetheless, keep in mind that you have to meet certain requirements before cashing out. Legit investment brokers do not have such outrageous requirements for their customers.

Chances of withdrawing funds from Broker Masters are very minimal. The platform is a scam that has lucrative deals for its customers. However, you should stay away from this entity. They will delay your withdrawal requests with all sorts of excuses.

Broker Masters Contact Details

Broker Masters is based at Trust Company Complex, Ajeltake Road Ajeltake Island, Majuro Marshall Island 96960. The area is infamous for hosting scam companies. Therefore, you should not trade with this venture.

Sadly, the platform is an anonymous venture. It does not provide any information about the company that incorporates them. It is hard to tell the real location of this venture. They keep changing their address. Broker Masters was prior based in Switzerland.

Additionally, the platform features an email address and a telephone number that you can use to contact them. Their telephone number is from the UK. It is, therefore, hard to tell the actual location of this platform.

Is Broker Masters Regulated?

Broker Masters is a platform that is operating without a license. The company is offering financial services to investors around the globe. The government of Marshall Island issued a statement stating that it does not regulate forex trading activities.

Therefore, their location is ideal for conducting illegal business. The regulatory body of Swiss (FINMA) has issued a warning against this scam. Trading with them will lead to futile results. The platform does not offer fund safety for their clients.

Save yourself the trouble of trusting the wrong company. The risks are huge and deal only with regulated entities in the market. They follow strict rules and will never compromise their clients. The entity segregates funds of its customers in different accounts.

The money cannot, therefore, be used for selfish gains. Additionally, you have the assurance that the platform will be in existence in the future. In case of bankruptcy, you will be compensated for your hard-earned money.

Is Broker Masters Legit?

No, the platform is not legit, and you should not venture with them. The entity has very expensive investment plans that are not affordable to the common trader. Additionally, Broker Masters is not reputable. They rank poorly in the market, and the traffic coming in their platform is not much.

The spread that the platform is offering is not attractive. The venture is an anonymous entity. Therefore, you cannot go after anyone once they exit the market. You can save yourself the trouble by trading with a regulated platform.

You will not recover your funds once you deposit funds with Broker Masters. The platform does not have feedback from their clients. Therefore, nobody can affirm that the company is paying its clients.

The best that you can do is find other alternatives. In the meantime, stay away from this losing broker. They might exit the market without any notice. The red flags are many, and no advantage will come with Broker Masters.

Final Verdict

Broker Masters is an anonymous investment company that is operating illegally. The possibility of this entity being a scam is very high. A reputable financial body has already blacklisted them. Therefore, the reputation of the broker is at stake.

The only guarantee that traders have of their money being safe is a company is licensed. The shady venture does not disclose its actual location. Therefore, that is another red flag. The minimal amount that the entity is accepting is outrageous.

Do not waste time and resources with Broker Masters. Instead, invest with legit forex trading brokers in the market. You will earn a decent amount of funds. Additionally, the companies have feedback from their existing clients.

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