Explicit Master Trade (explicitmastertrade.com) has been flagged by ASIC (Australia) for "Unlicensed". Addresses: 3183 Airway Ave Costa Mesa CA 92626-4629 United States This company appears in our regulatory warnings database. Always verify with official regulatory sources before investing or doing business with this firm. Website domain: www.explicitmastertrade.com.
My withdrawal from Explicit Master Trade (explicitmastertrade.com) was rejected three times for vague reasons. Each time they asked for more documents. When I finally provided everything, they said my account was under review. since the beginning of the year of being strung along.
Pros: Professional team|Good analytical tools
Cons: Currency conversion fee exists|Slow to add new assets
The platform itself is okay, but the customer service at Explicit Master Trade (explicitmastertrade.com) is truly awful. I waited weeks for a response to a simple inquiry. When they did respond, it felt like a generic template that did not address my specific issue at all.
Pros: Clean UI|Great customer service|Helpful community forum
Cons: No phone support on weekends|No crypto staking
Customer support at Explicit Master Trade (explicitmastertrade.com) seems to be run by people who have never used the platform. Every time I call with an issue, I end up explaining how their own system works before they can help me. It would be funny if my money was not involved.
Pros: No hidden fees|Portfolio tracking tools|Educational resources
Cons: No fractional shares|Mobile app could be improved
If you are reading this considering Explicit Master Trade (explicitmastertrade.com) - run. I wish I had read more negative reviews after reading several online reviews. I thought the positive ones were real. Maybe some are. My experience over since mid-2025 has been so bad I feel obligated to warn others. Do not make my mistake.
Pros: Risk management tools|Quick verification|Real-time alerts|Segregated accounts
Cons: No phone support on weekends
I am in a dispute with Explicit Master Trade (explicitmastertrade.com) over a trade that was clearly erroneous. The price shown was wrong, I closed at a profit, and they reversed the trade and took the money back. They said it was a system error. So I lose and they keep? Unacceptable.
Pros: Intuitive for beginners|API access
Cons: Could offer more webinars
After since mid-2025 with Explicit Master Trade (explicitmastertrade.com) I requested to close my account and withdraw. They said I had to complete a 30-day cooling-off period. Then they said there was a minimum holding period for my last deposit. They make it as hard as possible to leave.
Pros: Good mobile app|Copy trading available|Low minimum deposit|Real-time alerts
Cons: Minor UI glitches occasionally
What really bothers me about Explicit Master Trade (explicitmastertrade.com) is the disconnect between their marketing and reality. They position themselves as a premium service but deliver a below-average experience. Found them from a blog post comparing services and I fell for the polished exterior. Never again.
Pros: Risk management tools|Helpful community forum|Customizable dashboard
Cons: Wait times can be long during peak hours|No fractional shares
The reporting at Explicit Master Trade (explicitmastertrade.com) is laughably bad. Tax documents are inaccurate, transaction histories have gaps, and trying to export data for your accountant is a nightmare. For a financial platform, getting the numbers right should be the bare minimum.
Pros: Smooth onboarding|Professional team|Good analytical tools
Cons: No dark mode on mobile
Their execution during news is terrible. I had limit orders in place. When the news hit, my orders were not filled at the limit price - they were filled much worse. Explicit Master Trade (explicitmastertrade.com) said it was market conditions. Same news, another broker filled me properly. They are not honest.
Pros: Reliable uptime|Dividend tracking
Cons: Onboarding videos are outdated
I joined Explicit Master Trade (explicitmastertrade.com) after reading several online reviews and from the start, things felt off. The signup process collected far more personal information than necessary, the verification took unreasonably long, and when I finally got access, the platform was nothing like what was advertised.
Pros: Multiple order types|Smooth onboarding|Stable platform
Cons: Limited ETF selection