Score
MSG
Singapore|5-10 years| https://www.msgtrader.com/en/
Website
Rating Index
MT4/5 Identification
MT4/5
Full License
MasterSelectGroup-Live
Influence
C
Influence index NO.1
Taiwan 2.84MT4/5 Identification
MT4/5 Identification
Full License
Influence
Influence
C
Influence index NO.1
Taiwan 2.84Surpassed 77.09% brokers
Contact
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The claim standard per customer is 2000 dollars
IAP · Legal aid B
Licenses
Single Core
1G
40G
Broker Information
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MASTER SELECT GROUP LIMITED
MSG
Singapore
Pyramid scheme complaint
Expose
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Exposure
35 pieces of exposure in totalMandatory deduction of profits
No one cares, no one solves my problem. Fraud platform that cannot withdraw profit.
The profit cannot be withdrawn, and can only lose. Garbage platform. everyone don't be here
I normally do trading trends in Maxun. No profit, garbage platform. If you make a profit, you are in violation of the rules. Stay away from this garbage platform
Forcibly deduct the profit
Forcibly deduct the profit and it has not been solved till third week. No one solve it. The customer service does not answer ur wechat. The platform is still running events. Scam
Cannot withdraw for nearly 10 working days
On March 16, 2023, I applied for a withdrawal of USD 4,700, and on March 24, 2023, I still cannot get any status update of the withdrawal. Customer service keeps saying it's still under review. The customer service asked me to write to support@msgforex.com, but the letter could not be sent. The customer service said to help me pass it to the finance department, but there was no positive response. The phone number on the official website is empty.
Forcibly deduct the profit
If they do not solve the profit problem for me, I will keep complaining MSF. Fraud platform
Suddenly unable to trade, unable to withdraw money
I can’t trade for several days, customer service has no response, community manager has no response, and withdrawal has no response, no one can handle my withdrawal.
Forcibly deduct the profit
Trading an order for eight hours but MSG Group does not give profits. Stay away from them. Trading an order for eight hours but MSG Group does not give profits. Stay away from us
Unable to withdraw, the withdrawal requires a 20% capital verification deposit
I was a simple netizen at the time, one day he said that he made a lot of money investing in virtual currency, and asked me if I would like to follow him to operate, but I refused at first, and finally invested 100,000 Taiwan dollars with him, and the result was a profit of 1 for the first time Ten thousand yuan. Later, I kept saying that if I invest a little more, I will make more profits, and I have repeatedly promised and sworn that I can fully withdraw the funds. When I want to withdraw the funds, I have to pay a 20% capital verification deposit. If If I don’t pay, I can’t withdraw money. Can I ask the official to help me deal with it now?
Unable to withdraw money, customer service cannot be contacted
I can't withdraw money, and I can't contact customer service. It started last Monday. Does anyone know how to contact me?
Mandatory no withdrawal
The profit is not given and said something wrong with the quotation, I want to know that I have made an order for 7 hours, what does your quotation have to do with me?
Forcibly deduct 6000 profit
I do not violate anything, and trade normally. Asked you to withdraw the principal. The principal has been paid out, I cannot find anyone. So far, no one has answered. Such a big platform is embarrassed to do activities. Who dares to invite customers to your platform, don't lie to us, I hope MSG will solve it
On March 29, 2023, I applied for a withdrawal of USD 3456, and I have not allowed the withdrawal until today and have not received any reply
I closed all positions on 2023/3/29 and applied for a withdrawal of USD 3,400. On April 4, 2023, MSG received an email saying that the withdrawal was not allowed due to transaction violations. But I don't have any violations, so I sent Line to ask customer service. The customer service consulted finance for many days without telling the reason. When I sent an email to support@magforex.com asking about withdrawal related issues, the email bounced back. Calling the customer service number on the official website again is also an empty number. On April 6, 2023, the customer service asked me to resubmit the withdrawal application. I applied again on April 6, 2023, and there is still no news on April 13, 2023. This kind of platform that does not allow customers to withdraw money should let everyone involved in the transaction know. Attach a screenshot and hope the platform can assist in the negotiation. If it still fails, I should go to the police to deal with it.
Trash platform does not withdraw the profit from trend
I trade normally at MSG, but the platform does not withdraw the profit, and delete the transaction records and point. Fraud platform.
Mandatory deduction of profits
I can’t withdraw money after making a profit. It’s been almost a year and no one has solved it or asked you. The customer service will not reply. Stay away from the platform
Unable to withdraw funds, unable to contact customer service, not responding to emails, and not responding to WeChat contacts. The most outrageous thing is that the product fluctuation interface cannot generate any transactions.
I have been on the platform for many years and I can be regarded as an old user, and trust in you. You are my first choice. Hope to give me an explanation. I can't get in touch right now. Hundreds of thousands fluctuate back and forth in the account and cannot do any transaction operations, and no one can be contacted for any reason. Think that other people's money is blown by the wind. Maxun is such a platform.
MSG rejects withdrawals
On March 30, 2023, I will close all positions and apply for a withdrawal of USD 3,400 (a total of USD 3,456 in the account). On the afternoon of April 4, 2023, I received a letter from MSG, claiming that my transaction violated the rules and I was unable to withdraw funds. I immediately asked the customer service line provided by MSG, and the customer service said that I needed to ask about finances. But as of this morning, there was no reply as to why the withdrawal was refused. Just keep saying need to wait for finance. The last time I refused to withdraw money made me wait for two weeks, and the reason given to me later was that Visa checked my transaction records. I asked if it would be impossible to deposit money with a credit card in the future. MSG said that it is also possible to deposit money with a credit card. This time I don't know why it said that my transaction was illegal. I also sent a letter to support@msgforex.com, and the letter still bounced back. The business phone number provided on the website is still empty.
MSG · Company Summary
Company Summary
Company profile
General Information & Regulation
MASTER SELECT GROUP (MSG, for short) is an online broker that provides online trading services to investors worldwide. MSG currently holds a retail foreign exchange license from the Vanuatu VFSC (license number: 40378).
Market Instruments
MSG provides investors with financial trading products such as foreign exchange, precious metals, crude oil, indices, US stocks, and cryptocurrencies.
Minimum Deposit
MSG offers all investors a trading account with a minimum deposit of $500, a high amount for most regular traders to get started.
MSG Leverage
In respect to trading leverage, this part is not fully disclosed. According MSG customer service staff, the trading leverage differs depending on various instruments.
Spreads & Commissions
As spreads listed on MSG website, they are super high. The spread on EURUSD, GBPUSD, AUDUSD pairs is as high as 30 pips, 50 pips for XAUUSD, 4 pips for XAGUSD, and 5 pips for Crude Oil. Most legit brokers offer the spread on EURUSD around 1 pip to 1. 5 pips. So here, we can judge MSG is not a legit broker, and traders should stay away from this broker.
Trading Platforms
MSG provides investors with the market-leading and widely acclaimed MT4 trading platform, as well as MT4 Windows, MT4 iOS, and MT4 Android versions. The platform offers traders a wide range of trade execution features, unlimited charts, rich technical indicators and curves, custom indicators, and scripts to support traders in implementing any easy or complex trading strategy.
Deposit & Withdrawal
MSG supports traders to deposit and withdraw funds to their investment accounts via credit card, wire transfer, and USDT cryptocurrency.
