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Overview

MasterForex dates back to 2006 and it has been able to gain the trust of many traders from all over the world in a relatively short period of time. Nowadays the broker has representative offices in many countries, including Russia, China, Egypt, India, Indonesia, Malaysia and many others. MasterForex offers its customers very favorable working conditions on the foreign exchange Forex market, that are confirmed by the numerous awards, won at prestigious exhibitions. There are the following broker's awards: "The Best Micro Forex Broker", "The Best Forex Broker in Russia and in the CIS", "The Fastest Growing Forex Broker in Asia." MasterForex participated also in a financial conference in China and it was recognized as the most promising broker on the Chinese financial market.

MasterForex customers can be confident in the reliability of their broker and new customers can pass a comprehensive training on its site. Customers get tested at the end of training and receive good Forex bonuses. In addition, users of the broker can take part in numerous promotions and competitions that provide winners good cash prizes and valuable gifts.

Employees of the company are always ready to help their customers both in case of technical questions or questions related to trading on the Forex market.

Bonuses

MasterForex holds on its site a variety of promotions for its customers, participating in which everyone can win valuable prizes and Forex bonuses.

The promotion Welcome Bonus is designed for new users. New customers, who have opened trading accounts, receive from MasterForex bonus, which reaches 10% of the credited amount.

Accrual of Forex bonus:

- accrual from $5 to $3000 -5% bonus

- accrual from $3001 to $10000 -7% bonus

- accrual from $10001 and higher-10% bonus.

In order to make a Forex bonus available for withdrawal it is necessary to make a certain trade turnover, which is calculated individually and depends on the amount of the credited sum.

The promotion $10 gift is intended for new customers who open an account on the broker's site. Immediately after the registration Forex bonus of $10 is accrued to the customer's account, but in the future it can be withdraw by starting trading on the foreign exchange market and making a certain trade turnover.

The promotion $50 for 10 lots is available for all customers of MasterForex. Any user of a broker, who makes the trade turnover of at least 10 lots per month, will get a Forex bonus of $50. This bonus is not limited and may be withdrawn from the account any time.

The promotion Forex Drive is intended for all customers. New Forex traders can take part in the promotion on demo accounts, advanced and experienced traders participate on real accounts.

Each week $600 Forex bonuses on demo-accounts and $1,600 on real accounts are drawn. Rules of the promotion are quite simple. The user needs to get the highest profit by trading on the foreign exchange market. At the end of each week the results are summarized and those who have the greatest profit will share between the broker's Forex bonuses between themselves.

Training

MasterForex gives all users the possibility to pass an online training based on lectures, which will help to understand the foreign exchange Forex market and tell how to trade making a profit.

The lectures are divided into several levels, ranging from the very simple to the complex.

Level #1.

- lection #1 (history of the foreign exchange Forex market, market participants, basic concepts of the financial market, trading sessions on the market)

- lection #2 (currency quotes, opening of positions, types of contracts)

- lection #3 (introduction into popular trading platform MetaTrader4, rules of the platform).

At the end of study the course offers tests and new Forex traders, who complete them, will receive Forex bonus from the broker, the amount of which can be varied.

Level #2 (basics of technical analysis)

- lection #4 (basic postulates, definitions, types of charts, timeframes, basic rules of price movements on the foreign exchange market)

- lection #5 (basic concepts of trends, what trends are available, trend analysis, types of trend penetration, the comprehensive analysis of the lateral dynamics)

- lection #6 (figures of trend determination, models of trend reversal, the basic rules of the analysis of triangles)

- lection #7 (basic trend trading Forex indicators, oscillators, Bollinger waves, common mistakes in technical analysis)

As well as at the level of #1 traders can take a test and receive Forex bonus as a reward.

Level #3 (basics of fundamental analysis on the foreign exchange market)

- lection #8 (economic factors that affecti the rise and fall in currency value, the theory of purchasing power parity and the theory of economic cycles, economic and political factors, force major factors, expectations and rumors)

- lection #9 (reaction of the foreign exchange market on fundamental events, the classification of news in fundamental analysis, life cycle of factors of fundamental analysis)

At the end of study anyone can pass a test and get a good Forex bonus.

Level #4 (Forex trading strategy)

- lection #10 (rules for the use of trading strategies, moving averages).

After studying lectures about Forex strategies, a test is offered for the passage of which customers can get Forex bonus.

Level #5 (psychology of trading on the foreign exchange market)

- lection #11 (trade magazine of the trader, objective and non-objective risks, opening and closing of transactions, basics of risk management).

As at all previous levels at the end of the study of lectures a test will be offered and in case of its successful passage, traders will be rewarded with Forex bonus.

In addition to the offered lectures customers can find on the site MasterForex various video tutorials to help learning the trade on the foreign exchange Forex market.

All new traders can open a demo account on the broker's site and try their luck at trading without risking their own money, but using virtual money.

Terms of trading

Broker MasterForex offers the following trading conditions for traders:

- the foreign currency account (the base currency)

- no minimum deposit

- the leverage is 1:500 (the decrease to 1:20 is possible)

- a lot of currency pairs, securities, gold, silver, futures)

- spread is fixed from 2 points (the floating one is from 0.4 points)

MF MetaTrader 4 PC

- multi-language support

- Instant Execution order

- MetaQuotes Language 4 (operations with Forex trading advisors)

- quotes export via DDE

- charts printing

MF MetaTrader 5 PC

- multi-language support

- Instant Execution order

- MetaQuotes Language 5 (operations with complicated and profitable Forex advisors)

- trading by one click

- market depth

- twenty one timeframe for all financial instruments

- quotes export via DDE

- charts printing.

MF MetaTrader Multitrminal is a trading platform that allowing trading with several accounts.

Forex indicators (recommended)

- Zero Cross Alert

- Silver trend Signal

- LevelSC

- Ind TD DeMark

- MTF PSAR.

Forex expert advisors (recommended)

- NeroProfit (a mechanical Forex advisor that allows making a good profit from Forex trading)

- Profit FIXATOR (an automatic Forex advisor, designed to trade on the Forex market on short-term distances)

- Spreader 2 (an automatic Forex advisor that takes all decisions about buying and selling different currency pairs at its own discretion).

Investments

MasterForex give customers the opportunity to invest funds in successful Forex traders, who constantly show a good profit on the foreign exchange Forex market. The user has to open PAMM- account to become an investor, which allows him to transfer funds for the management to other Forex traders.

Unique features

MasterForex has its own affiliate program that has several directions: the official representative, partner, training partner and White Label. Everybody who wants to participate in an affiliate program has to apply via the broker's website. Then the company's employees will contact with customers and verify what direction is the best one to start working using a small test. The affiliate program allows users to have a stable income from invited customers, who are willing to start trading on the foreign exchange Forex market.

Add/withdraw funds

MasterForex offers several ways to replenish accounts: VISA, MasterCard, RBKMoney, QIWI, Liberty Reserve, WebMoney, LigPay, DixiPay, Contact, Western Union, Money Gram and bank transfer. Cash withdrawal can be made using the same methods.

Contacts

MasterForex provides 24 hours a day support to its customers via email [email protected], via online chat. It is also possible to contact the company via the feedback form or request a call back. In the near future there will be free numbers for all citizens of Russia.

Cons and pros

+ the well-known global broker

+ no minimum deposit

+ small spread

+ good leverage

+ many promotions and contests

- a lot of learning materials

+ online training.

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