Master.traders has been flagged by Palestine Capital Market Authority for "Unregistered/Unlicensed entity offering financial products or services". This company appears in our regulatory warnings database. Always verify with official regulatory sources before investing or doing business with this firm.
I wanted to transfer my portfolio from another broker to Master.traders. They said they do not accept in-kind transfers for my asset type. I had to sell, withdraw, deposit, and rebuy - incurring taxes and spread costs. They did not tell me this before I signed up.
Pros: Excellent charting|Fast deposits|High security standards
Cons: Currency conversion fee exists|Inactivity fee applies after 12 months
I want to warn everyone about Master.traders. They have been flagged by Palestine Capital Market Authority as an unauthorized entity. I wish I had checked before investing. They use high-pressure sales tactics and fake testimonials. Once you send money, getting it back is nearly impossible.
Pros: Initially responsive customer service
Cons: Withdrawal fees demanded|Communication cut off|Not authorized
I was about to invest with Master.traders but decided to check their regulatory status first. They claim to be regulated but I could not find them on any official register. Palestine Capital Market Authority has actually issued a warning about this firm. Thank goodness I checked before sending any money.
Cons: Not registered with regulators|Unrealistic promises
Master.traders locked my account without warning and demanded documents I had already submitted. for just over a year later I still do not have access to my funds. Their compliance team does not respond to emails. I am considering legal action.
Pros: Automated trading options|Social trading features|Regular platform improvements|API access
Cons: Wish they had more educational resources
I signed up with Master.traders after a family member had a good experience and the first red flag was the aggressive account manager who would not stop calling. After depositing, the promised support vanished. Withdrawals are delayed with endless excuses. I have reported them to the regulator.
Pros: Wide product range|Great customer service|Segregated accounts|Dividend tracking
Cons: Alert system is basic
Do not be fooled by the professional-looking website. Behind the scenes, Master.traders is disorganized and incompetent. I found them after doing extensive research and I can only assume the positive reviews are either outdated or paid for because my experience was terrible.
Pros: Automated trading options|Personal attention
Cons: Slow to add new assets
After for the past year and a half with Master.traders 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: Helpful community forum|Copy trading available
Cons: Email notifications too frequent
I am in a dispute with Master.traders 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: Comprehensive tools|Wide product range|Full transparency
Cons: None so far
This company appears on the IOSCO I-SCAN international warnings list. Over 68 financial regulators worldwide contribute to this database. While being listed doesn't automatically mean fraud, it's a significant red flag that potential investors should take seriously. Do your research thoroughly.
Cons: Flagged by international regulators|Due diligence required
My withdrawal request from Master.traders has been pending for over two weeks now. Every time I contact support, I get the same copy-paste response about processing times. This is unacceptable for a financial platform in this day and age.
Pros: Good analytical tools|Market news feed|Educational resources|Fast support response
Cons: Cannot customize dashboard fully