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United States|2-5 years|
Suspicious Regulatory License|Suspicious Scope of Business|High potential risk|


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1260 Broadway, New York, NY 10001


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Broker Information


Company Name

Master Trade Investments

Company Abbreviation


Platform registered country and region

United States

Company website

Pyramid scheme complaint


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Warning: Low score, please stay away!
Previous Detection : 2024-03-04
  • It has been verified that this broker currently has no valid regulation. Please be aware of the risk!

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MasterTrade · Company Summary

NOTE: MasterTrades official site - is currently not functional. Therefore, we could only gather relevant information from the Internet to present a rough picture of this broker.

MasterTrade Review Summary
Founded 2014
Registered Country/Region United States
Regulation No Regulation
Market Instruments Forex, Binary Options, Cryptocurrencies, Real Estate, Escrow Service, and Personal Loans
Trading Platforms MetaTrader 4
Minimum Deposit $1,000 (Starter Plan)
Payment Methods Bank Wire, PayPal, all the Money Order (Netteler, Skrill, Moneygram, Bank wire , Master Card) and Bitcoin
Customer Support Email:

What is MasterTrade?

MasterTrade, founded in 2014 and registered in the United States, is a financial platform that offers a range of market instruments for trading, including Forex, Binary Options, Cryptocurrencies, Real Estate, Escrow Service, and Personal Loans. It offered diverse account types to suit different trading needs. The trading platform offered by MasterTrade is MetaTrader 4 (MT4), a widely used and respected platform in the financial industry known for its robust features and user-friendly interface.

However, the broker operates without regulatory oversight and the official site of MasterTrade is not currently functional.


Pros & Cons

Pros Cons
  • Diverse Market Instruments
  • No Regulation
  • Multiple Account Types
  • Non-Functional Official Website
  • Reliable Trading Platform
  • Limited Transparency


  • Diverse Market Instruments: MasterTrade offers a diverse array of market instruments, providing users with various trading options to suit their preferences.

  • Multiple Account Types: The availability of multiple account types caters to different trading needs, allowing users to choose an account that aligns with their specific preferences and strategies.

  • Reliable Trading Platform: The use of MetaTrader 4 (MT4) as the trading platform is a positive aspect. MT4 is widely recognized for its reliability, advanced features, and user-friendly interface.


  • No Regulation: The lack of regulatory oversight poses a significant risk for traders, as regulatory bodies play a crucial role in ensuring fair practices and safeguarding the interests of investors.

  • Non-Functional Official Website: The current non-functional state of MasterTrade's official website raises concerns about transparency, accessibility, and the ability of users to obtain accurate and up-to-date information.

  • Limited Transparency: The lack of regulation and a non-functional official website contribute to limited transparency, making it challenging for users to access comprehensive and trustworthy information about the broker's services and practices.

Is MasterTrade Safe or Scam?

MasterTrade's safety as a trading platform is questionable due to several factors that raise concerns. The absence of regulatory oversight is a significant red flag. Regulatory bodies play a vital role in overseeing financial entities, ensuring compliance with industry standards, and safeguarding the interests of traders.

No license

Additionally, the non-functional state of MasterTrade's official website is a notable concern. The lack of a functional website hinders users' ability to conduct thorough research and make informed decisions. It is challenging to obtain comprehensive and reliable information about MasterTrade, making it difficult to assess the credibility and reliability of the platform.

Market Instruments

MasterTrade offers a diverse array of market instruments, providing traders with various options to engage in different financial markets.

  • Forex (Foreign Exchange): Forex trading involves the buying and selling of currency pairs, where traders speculate on the exchange rate between two currencies. It is one of the largest and most liquid financial markets globally.

  • Binary Options: Binary options are a type of financial derivative where traders speculate on the direction of an asset's price within a specified time frame. It's a straightforward form of trading with predefined risks and rewards.

  • Cryptocurrencies: This involves trading digital currencies like Bitcoin, Ethereum, and others. Cryptocurrency trading can be volatile, and it involves speculating on the price movements of these digital assets.

  • Real Estate: MasterTrade includes real estate as one of its market instruments.

  • Escrow Service: Escrow services typically involve a third party holding funds or assets during a transaction until certain conditions are met. This service can add a layer of security to transactions, especially in high-value or complex deals.

  • Personal Loans: The inclusion of personal loans as a market instrument suggests that MasterTrade may provide a platform for peer-to-peer lending or investment in personal loans. This can be an alternative investment option for users.

Account Types

MasterTrade seeks to meet the diverse needs of traders by offering five distinct account types, each crafted to cater to varying preferences and levels of trading experience.

  • Starter Plan: The Starter Plan, requiring a minimum deposit of $1,000, is tailored for individuals who are either new to trading or prefer to start with a relatively modest investment.

  • Master Plus Plan: The Master Plus Plan, with a minimum deposit of $10,000, targets traders with some experience or those willing to commit a higher amount for potentially enhanced features.

  • Premium Plan: The Premium Plan, requiring a minimum deposit of $20,000, represents a higher tier in MasterTrade's account hierarchy. This account type is designed for experienced traders who desire premium features, personalized services, or exclusive benefits.

  • Ultimate Plan: The Ultimate Plan is positioned for traders with substantial experience and a higher capital base, as it demands a minimum deposit of $50,000.

  • Corperate Plan: At the highest level, the Corporate Plan requires a significant minimum deposit of $100,000. This plan is tailored for institutional or corporate clients with larger-scale trading needs.


MasterTrade applies a consistent commission structure across all its account types, with a flat rate of 10%. This flat commission rate represents a percentage of the trade's value and is deducted as a fee for the services provided by the broker. The implementation of a flat 10% commission offers a straightforward and transparent fee structure for traders. This uniformity simplifies the calculation of trading costs, providing clarity on the fees associated with each transaction.

Trading Platforms

MasterTrade employs the MetaTrader 4 (MT4) trading platform, widely recognized for its user-friendly interface and robust features. MT4 facilitates efficient trade execution and analysis with intuitive charting tools, supporting various chart types, timeframes, and technical indicators. Traders can customize the platform, create automated trading strategies using Expert Advisors (EAs), and access real-time market quotes, news feeds, and economic calendars.

Payment Methods

MasterTrade offers a variety of deposit methods, allowing users to fund their trading accounts through diverse channels. These accepted deposit methods include traditional options like Bank Wire and PayPal, as well as various Money Order alternatives such as Netteler, Skrill, Moneygram, Bank Wire, and Master Card. Additionally, MasterTrade accommodates users interested in utilizing cryptocurrencies by accepting deposits in Bitcoin.

Customer Service

MasterTrade's customer support can be contacted through email at Email is a common and widely used communication method for customer support in the trading industry. It allows users to submit inquiries, concerns, or requests for assistance in a written format.


MasterTrade is a financial platform offering a diverse range of market instruments and catering to various trading preferences through multiple account types. Utilizing the widely recognized MetaTrader 4 (MT4) trading platform adds credibility to its reliability. However, several red flags cast shadows over the platform's overall trustworthiness. The platform's credibility is significantly compromised by the absence of regulatory oversight and the non-functional official website.

Frequently Asked Questions (FAQs)

Q 1: Is MasterTrade regulated?
A 1: No, MasterTrade operates without valid regulation.
Q 2: What are the minimum deposit requirements for different account types?
A 2: MasterTrade offers five account types with varying minimum deposit requirements: Starter Plan ($1,000), Master Plus Plan ($10,000), Premium Plan ($20,000), Ultimate Plan ($50,000), and Corporate Plan ($100,000).
Q 3: What market instruments can I trade on MasterTrade?
A 3: Forex, Binary Options, Cryptocurrencies, Real Estate, Escrow Service, and Personal Loans.
Q 4: What trading platform does MasterTrade use?
A 4: MT4.

Risk Warning

Online trading involves significant risk, and you may lose all of your invested capital. It is not suitable for all traders or investors. Please ensure that you understand the risks involved and note that the information provided in this review may be subject to change due to the constant updating of the company's services and policies.

In addition, the date on which this review was generated may also be an important factor to consider, as information may have changed since then. Therefore, readers are advised to always verify updated information directly with the company before making any decision or taking any action. Responsibility for the use of the information provided in this review rests solely with the reader.

User Reviews

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more than one year
I recently encountered a system error on the MasterTrade forex trading platform. When I attempted to reach out to their support team, it took me 30 minutes to get through on the phone. I provided screenshots of the issue (consistent quoting at a certain price while the actual price was changing). Despite creating a ticket, they promised a response within 1-2 days but took a whole week to reply. To my disappointment, they didn't even bother to review the screenshots and instead shifted the blame onto me.
2024-02-02 14:22
more than one year
Terrible experience with MasterTrade! I've been waiting for a withdrawal since March, and it's been five months now with no sign of my funds. The platform seems to have vanished into thin air. Stay away from this broker!
2023-12-28 12:15
more than one year
My time with MasterTrade was not great. They made me cough up $1000 just to open the most basic account, and the spreads were insane. I mean, come on - I'm not made of money! And don't even get me started on the lack of a dedicated advisor. It felt like they just didn't care about me at all. And to make things worse, their trading platform kept dropping connections left and right, which made me want to tear my hair out. Long story short, I wouldn't recommend MasterTrade to anyone.
2023-03-27 10:16
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