msasr trader has been flagged by Financial Services 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 have been trying to close my account with msasr trader for weeks now and they keep giving me the runaround. First it was a form to fill out, then identity verification again, then a mandatory phone call that never gets scheduled. They make leaving impossible.
Pros: Tax reports included|High security standards|Competitive fees|Automated trading options
Cons: Cannot customize dashboard fully|Website design could be more modern
I referred a friend to msasr trader after a friend recommended them. We both deposited. The referral bonus never arrived. Support said we did not meet the terms. When we asked which terms they pointed to a clause that was added after we signed up. Shady.
Pros: Multi-currency support|Automated trading options|Multiple order types
Cons: None so far|Inactivity fee applies after 12 months
After doing some research AFTER the fact (I know, I should have done this first), I discovered that msasr trader is not authorized by any legitimate financial regulator. They are operating illegally. The website looks very professional but it's all a facade. Please check the regulatory warnings database before investing with ANY company.
Pros: Initially responsive customer service
Cons: Cannot withdraw funds|Not regulated|Pressure tactics
After doing some research AFTER the fact (I know, I should have done this first), I discovered that msasr trader is not authorized by any legitimate financial regulator. They are operating illegally. The website looks very professional but it's all a facade. Please check the regulatory warnings database before investing with ANY company.
Cons: Withdrawal fees demanded|Communication cut off|Not authorized
The reporting at msasr trader 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|Responsive team|Stable platform|Easy withdrawals
Cons: Email notifications too frequent
I wanted to transfer my portfolio from another broker to msasr trader. 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: Wide product range|Great customer service
Cons: Would like more payment methods|No phone support on weekends
After seeing ads for msasr trader online, I investigated. The company is listed in the IOSCO I-SCAN warnings database and has been flagged by Financial Services Authority. Their website looks professional but that means nothing - many scam operations invest heavily in appearance. Always check the regulatory warnings before investing.
Cons: Unauthorized firm|Found in IOSCO warnings database
After for the past six months with msasr trader, I can only describe the experience as death by a thousand cuts. No single issue was catastrophic, but the constant stream of small problems, slow responses, and missing features wore me down until I finally left.
Pros: Multiple order types|Multi-currency support|Dividend tracking|Automated trading options
Cons: Website design could be more modern
msasr trader advertises low fees but once you dig into the fine print, there are numerous charges that add up quickly. Inactivity fees, withdrawal fees, currency conversion fees - it all eats into your returns. I wish I had read the terms more carefully.
Pros: Comprehensive tools|Personal attention
Cons: No phone support on weekends
The platform at msasr trader is riddled with bugs. Charts display incorrect data, order confirmations sometimes fail silently, and the portfolio tracker disagrees with actual positions. After for about three months of dealing with this, I have had enough.
Pros: Competitive fees|Automated trading options|High security standards|Real-time alerts
Cons: Limited demo account features