MasterForex - Forex Broker Review

Masterforex forex broker is headed by the Beaverhead Financial Inc. in Russia, and they started their online operation in 2006.
MasterForex, registered in the Repupblic of Seychelles on the basis of the International Business Companies Act, 1994 (Act 24 of 1994). The company registration number is 028996. Legal address: 306 Victoria House, Victoria, Mahe, Seychells.
The Masterforex trade mark is registered in the U.S. Patent and Trademark Office with number 78/886380.

They require the smallest possible amount for an account, which is $1, a good deal for those who are only trying to get the feel of forex trading. They offer CFD and futures, and 24/5 support for clients. Islamic accounts are also available.

However there seems to be issues with withdrawals with Masterforex forex broker, normally due to identity clarification of clients. Several cases were reported that withdrawals of funds took longer than usual.

The work guidelines of Masterforex dealing center are:
Honest and open relationships with customers;
Experience and qualification of the company managers;
Striving to provide traders with the best service conditions.

Main activities of the company:
Services of customer access to world financial exchange, futures, precious metals and contract for difference markets;
Management of financial assets of major private customers (investment fund for a closed circle of customers).

Spreads are not that appreciable as they start only from two, however at the sane time they do not charge any extra commissions and do not increase the spreads on continuance of the trade. This is something appreciable as they are straightforward with their policies and statements. The leverage value is up to 1:1500. MetaTrader 4 is used as a platform to trade which offers convenient methods to trade and to carry out the market analysis effectively.

Trading conditions
 

Company:	Beaverhead Financial Inc. (MasterForex)
On-line since:	2006
Country of origin:	Russia
Minimum lot size:	0.001 lots
Leverage:	up to 1:500
Spreads:	2 pips on EUR/USD
Minimum deposit:	$1
Commissions:	zero
Payment options:	Bank transfer, Webmoney, RBKmoney, Liberty Reserve, YandexMoney, USIP terminals, Elecsnet terminals and Internal transfer
Internal Transaction	Avalable
Trading Plans:	Cent: minimum deposit: $1 minimum lot: 0.001 max leverage: 1:500 Classic: minimum deposit: $5 minimum lot: 0.01 max leverage: 1:500 ECN: minimum deposit: $500 minimum lot: 0.1 max leverage: 1:100
Languages:	English, Chinese, Russian, Indonesia, Malaysia
Contact:	Central office: 199178, Russia, Saint-Petersburg 18th line of Vasilievsky Island 31 Ofiice Center "Senator" suite e304 Clients Support Department Phone: +7 812 332-91-85 e-mail: support@masterforex.org Development Department e-mail: marketing@masterforex.org
Website:	See Masterforex.

Advantages:

• MetaTrader 4 platform
• Muslim-friendly accounts with no overnight interest
• WebMoney funds deposit/withdraw option
• Extremely low minimum account size and trade amount
• Minimum deposit 1$
• Forex, CFD, Futures
• Instant Execution

Click here to open an account with Masterforex