https://www.msgtrader.com/en/
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MASTER SELECT GROUP LIMITED
MSG
Singapore
Pyramid scheme complaint
Expose
Capital
$(USD)
Company Summary
Company profile
General Information & Regulation
MASTER SELECT GROUP (MSG, for short) is an online broker that provides online trading services to investors worldwide. MSG currently holds a retail foreign exchange license from the Vanuatu VFSC (license number: 40378).
Market Instruments
MSG provides investors with financial trading products such as foreign exchange, precious metals, crude oil, indices, US stocks, and cryptocurrencies.
Minimum Deposit
MSG offers all investors a trading account with a minimum deposit of $500, a high amount for most regular traders to get started.
MSG Leverage
In respect to trading leverage, this part is not fully disclosed. According MSG customer service staff, the trading leverage differs depending on various instruments.
Spreads & Commissions
As spreads listed on MSG website, they are super high. The spread on EURUSD, GBPUSD, AUDUSD pairs is as high as 30 pips, 50 pips for XAUUSD, 4 pips for XAGUSD, and 5 pips for Crude Oil. Most legit brokers offer the spread on EURUSD around 1 pip to 1. 5 pips. So here, we can judge MSG is not a legit broker, and traders should stay away from this broker.
Trading Platforms
MSG provides investors with the market-leading and widely acclaimed MT4 trading platform, as well as MT4 Windows, MT4 iOS, and MT4 Android versions. The platform offers traders a wide range of trade execution features, unlimited charts, rich technical indicators and curves, custom indicators, and scripts to support traders in implementing any easy or complex trading strategy.
Deposit & Withdrawal
MSG supports traders to deposit and withdraw funds to their investment accounts via credit card, wire transfer, and USDT cryptocurrency.
MSG Review Summary | |
Founded | 5-10 years |
Registered Country/Region | Singapore |
Regulation | NFA (General registration) |
Market Instruments | Forex, stock CFD, commodity, metals, cryptos, index |
Demo Account | Unavailable |
Leverage | Not mentioned |
EUR/ USD Spread | Not mentioned |
Trading Platform | MT4 |
Minimum Deposit | $100 |
Customer Support | 24/5 email, Twitter, Facebook, Instagram and YouTube, live chat |
MSG offers popular trading instruments across various asset classes. Clients have the option to open live accounts, with a minimum deposit requirement of $100. The platform provides access to MT4. And customer service can be available 24/5 through live chat and email.
In the following article, we will analyse the characteristics of this broker in all its dimensions, providing you with easy and well-organised information. If you are interested, read on.
Pros | Cons |
• Various trading instruments | • No 24/7 customer support |
• MT4 supported | • Limited information about leverage and commission |
• Long years experience | • No demo account available |
• Live chat available | |
• Educational resources and FAQs for self-help |
There are many alternative brokers to MSG depending on the specific needs and preferences of the trader. Some popular options include:
MSG claims that it has been registered with the National Futures Assoication (NFA) under regulatory license number 0558525. However, it has been verified that this is not true. Please be aware of the risk of trading with an unregulated broker.
MSG offers five classes of tradable instruments. Here are the different types available:
MSG offers live account for their clients and the minimum deposit is $100. To open a live account, traders will be required to register their profiles by clicking on any of the “open live account” buttons. This step is necessary to initiate the process of opening a live trading account with MSG.
MSG provides its clients with the popular MetaTrader 4 (MT4) trading platform. MT4 is a powerful and widely-used platform in the financial industry, known for its user-friendly interface, advanced charting tools, and comprehensive trading capabilities.
With the MT4 platform, traders have access to a wide range of features and tools to enhance their trading experience. The platform allows for real-time price quotes, a variety of order types, and advanced trading execution. Traders can easily monitor their positions, manage their trades, and analyze market trends using the extensive charting package available.
Another noteworthy feature of MT4 is its mobile compatibility. Traders can access their trading accounts and trade on the go using the MT4 mobile app, available for both iOS and Android devices. This ensures that traders can stay connected to the markets and manage their positions anytime and anywhere.
See the trading platform comparison table below:
Broker | Trading Platform |
MSG | MT4 |
Eightcap | MT4, MT5 |
AETOS | MT4 |
TigerWit | WebTrader, Mobile App |
MSG provides a wide range of payment options for both deposits and withdrawals, ensuring convenience and flexibility for its clients.
MSG accepts deposits and withdrawals through credit card solutions, allowing traders to use their credit or debit cards for transactions. This option offers a quick and straightforward process, enabling traders to fund their accounts or withdraw funds efficiently.
Additionally, MSG supports multiple electronic payment methods, making it convenient for traders to transfer funds electronically. These electronic payment methods may include popular e-wallets or online payment platforms, providing a secure and efficient way to deposit and withdraw funds.
For those interested in utilizing cryptocurrencies, MSG also accepts payments in cryptocurrency. This option allows traders to deposit and withdraw funds using popular cryptocurrencies, such as Bitcoin or Ethereum, providing an additional layer of flexibility and anonymity for transactions.
MSG | Most other | |
Minimum Deposit | $100 | $100 |
MSG offers a comprehensive Trading Academy that provides educational resources to enhance traders' knowledge and skills. The academy covers a wide range of topics to help both beginner and experienced traders improve their understanding of the financial markets and trading strategies.
The academy includes introductory courses on various trading platforms, such as MT4 and MT5. These courses provide detailed explanations of the platforms' features and functionalities, helping traders navigate and utilize the full potential of these popular trading platforms.
MSG offers live chat. With live chat, customers can get their questions answered quickly and receive help with any issues they may have. It's a convenient and effective communication channel that can improve customer satisfaction and increase sales.
Customers can visit their office or get in touch with customer service line using the information provided below:
Email: support@msgforex.com
Moreover, clients could get in touch with this broker through the social media, such as Twitter, Facebook, Instagram and YouTube.
Twitter: https://twitter.com/msgforex
Facebook: https://www.facebook.com/msgforex/
Instagram: https://www.instagram.com/master_select_group
YouTube: https://www.youtube.com/c/msgforex
Whats more, MSG provides a Frequently Asked Questions (FAQ) section on their website to assist their clients with commonly asked questions and provide relevant information. The FAQ section aims to address common queries and concerns that investors may have regarding the company's services, processes, and investment opportunities. By offering this resource, MSG aims to provide transparency and clarity to their clients, helping them make informed decision.
In conclusion, MSG is a trading platform that offers a range of services to its clients. The platform provides access to various financial markets, allowing traders to diversify their portfolios and capitalize on different trading opportunities. With its user-friendly interface and advanced charting tools, MSG's trading platform, MT4, caters to the needs of both beginner and advanced traders.
Is MSG legit?
No, MSG currently operates under no regulation.
Does MSG offer demo accounts?
No. It does not offer demo accounts.
Does MSG offer industry leading MT4 & MT5?
Yes. It only offers MT4.
What is the minimum deposit for MSG?
The minimum initial deposit to open an account is $100.
Is MSG a good broker for beginners?
No. It is not a good choice for beginners. Too many reports of being unable to withdraw can't be overlooked.
Online trading involves significant risk, and you may lose all of your invested capital. It is not suitable for all traders or investors. Please ensure that you understand the risks involved and note that the information provided in this review may be subject to change due to the constant updating of the company's services and policies.
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