Site Loader
3.8

Trading Conditions

6.0/10

License

2.0/10

Client Review

2.0/10

Customer Support

7.0/10

Reliability

2.0/10

Pros

  • MT5 Supported
  • Wide asset portfolio

Cons

  • Unlicensed (Fraud!)
  • High minimum deposit
  • High Spreads
  • No testing service

MasterECN is an unlicensed Forex and CFD broker that is owned and operated by MasterECN LTD located First Floor,Fist St.Vincent Bank Ltd Building James Street Kingstown, St.Vincent and The Grenadines. To get in touch with them, Contact phone is +44 2037451249. Email support is support@masterecn.com. Official website is MasterECN.com.

Do you agree with the  MasterECN’s average rating? Is MasterECN legit or a scam broker? Please share your experience with other investors in the customer review section below.

For typical broker review, see the top 5 factors to consider, see here.

MasterECN is considered not safe, as it is new and not regulated and licensed by top-tier financial authorities, like the CySEC in Europe, UK FCA, the Australian ASIC and the US CFTC. Why has the broker failed to post any details regarding documents of their registration? A true and legit broker will post details of their registration for all to see. By doing so, they ensure users are made aware of the transparent in the platform. Investors can also use the registration number to validate the license status on their own. Make sure to stay away from this broker and any other who shares similar characteristics.

MasterECN Review
MasterECN Review

 

Fake forex brokers will create moving websites to simply lure unsuspecting investors to sign up. Without proper documentation, investors sign up without having a second thought. And this is what Fraudsters are after, your funds by using enchanting marketing tactics. MasterECN is no different as they claim to provide transparent trading experience. By claiming this, they are enticing investors into believing they are reliable and reputable.

Clients looking to deposit with MasterECN are offered with 3 different account types to choose from. Accounts are named Master Mini MT5, Master Elite MT5, and Master STP MT5. Since MasterECN is not licensed or regulated, we could not find any advantage. Investors are putting their funds at risk the moment they deposit with this broker. Finding any advantage with this platform is like searching for a needle in haystack.

After checking all the relevant data, we are sure MasterECN is a scam. Stay away from this platform as no one knows when the broker will close shop. Mark all their emails as Spam and warn your family and friends from joining it. Once you consider signing up, you should know you are setting yourself up for a scam.

Adding this scam to our blacklist will protect our readers from signing up with them. Stay away from this platform and use recommended products.

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Vantage FX is a popular broker that is licensed in Cayman Island and Australia. Social trading is offered via service providers like ZuluTrade and Myfxbook.

VantageFX offers attractive leverages on MT4 trading platforms, with very tight spreads, learn more.

Minimum deposit is $200, go try their Free Demo Accountsignup here.

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