Score
MSG
Singapore|5-10 years| https://www.msgtrader.com/en/
Website
Rating Index
MT4/5 Identification
MT4/5
Full License
MasterSelectGroup-Live
Influence
C
Influence index NO.1
Taiwan 2.84MT4/5 Identification
MT4/5 Identification
Full License
IndonesiaInfluence
Influence
C
Influence index NO.1
Taiwan 2.84Contact
Licenses
Licensed Institution：MASTER SELECT GROUP LLC
License No.：3172 LLC 2023
- The number of the complaints received by WikiFX have reached 30 for this broker in the past 3 months. Please be aware of the risk and the potential scam!
Basic Information
Singapore
Formal full license MT4/5 traders will have sound system services and follow-up technical support. Generally, their business and technology are relatively mature and their risk control capabilities are strong
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Website
msgtrader.com
Server Location
United States
Website Domain Name
msgtrader.com
Server IP
172.67.165.198
-
msgforex.com
Server Location
Hong Kong
Website Domain Name
msgforex.com
ICP registration
粤ICP备17139650号-1
Website
WHOIS.GODADDY.COM
Company
GODADDY.COM, LLC
Domain Effective Date
0001-01-01
Server IP
47.91.240.217
Company Summary
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.
Keywords
- 5-10 years
- Regulated in Saint Vincent and the Grenadines
- Business Registration
- MT4 Full License
- Global Business
- High potential risk
- Offshore Regulated
| 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 |
What is MSG?
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.
Pros & Cons
| 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 | |
| • convenient deposit and withdrawal methods |
Is MSG Legit?
MSG (MASTER SELECT GROUP LLC) is regulated by the Financial Services Authority of Saint Vincent and the Grenadines and holds a Business Registration license (License No. 3172 LLC 2023). Its status is classified as “Offshore Regulated,” indicating compliance with local regulations.
Market Instruments
MSG offers five classes of tradable instruments. Here are the different types available:
- Forex: MSG provides trading opportunities in the global currency market, allowing you to trade currency pairs like EUR/USD, GBP/JPY, etc.
- Stock CFDs: Contract for Difference (CFD) enables you to speculate on the price movements of individual stocks without owning the actual shares. MSG offers a selection of stock CFDs from different companies.
- Commodity/Metal: You can trade CFDs on various commodities and metals, such as gold, silver, crude oil, natural gas, etc., allowing you to speculate on their price fluctuations.
- Crypto Currency: MSG provides access to the exciting world of cryptocurrencies, allowing you to trade popular digital currencies like Bitcoin, Ethereum, Litecoin, etc.
- Index: MSG offers trading opportunities in stock market indices, such as the S&P 500, Dow Jones Industrial Average, NASDAQ, FTSE 100, etc. This enables you to trade the overall performance of a particular market.
Accounts
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.
Trading Platform
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 |
Deposits & Withdrawals
The official website mentions that deposit and withdrawal processing is quick and diverse, especially with over ten types of deposit currencies available. However, specific information requires registration to access.
Educational Resources
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.
Customer Service
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.
Conclusion
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.
Frequently Asked Questions (FAQs)
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.
Risk Warning
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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鸠摩智
Hong Kong
I can't withdraw money, and I can't contact customer service. It started last Monday. Does anyone know how to contact me?
Exposure
2023-07-11
kai2541
Taiwan
I can’t trade for several days, customer service has no response, community manager has no response, and withdrawal has no response, no one can handle my withdrawal.
Exposure
2023-07-11
小鲤鱼
Hong Kong
I have been on the platform for many years and I can be regarded as an old user, and trust in you. You are my first choice. Hope to give me an explanation. I can't get in touch right now. Hundreds of thousands fluctuate back and forth in the account and cannot do any transaction operations, and no one can be contacted for any reason. Think that other people's money is blown by the wind. Maxun is such a platform.
Exposure
2023-07-05
FX1714088702
Hong Kong
Trading an order for eight hours but MSG Group does not give profits. Stay away from them. Trading an order for eight hours but MSG Group does not give profits. Stay away from us
Exposure
2023-04-24
Kelly3838
Taiwan
I closed all positions on 2023/3/29 and applied for a withdrawal of USD 3,400. On April 4, 2023, MSG received an email saying that the withdrawal was not allowed due to transaction violations. But I don't have any violations, so I sent Line to ask customer service. The customer service consulted finance for many days without telling the reason. When I sent an email to support@magforex.com asking about withdrawal related issues, the email bounced back. Calling the customer service number on the official website again is also an empty number. On April 6, 2023, the customer service asked me to resubmit the withdrawal application. I applied again on April 6, 2023, and there is still no news on April 13, 2023. This kind of platform that does not allow customers to withdraw money should let everyone involved in the transaction know. Attach a screenshot and hope the platform can assist in the negotiation. If it still fails, I should go to the police to deal with it.
Exposure
2023-04-13
anny tang
Taiwan
I was a simple netizen at the time, one day he said that he made a lot of money investing in virtual currency, and asked me if I would like to follow him to operate, but I refused at first, and finally invested 100,000 Taiwan dollars with him, and the result was a profit of 1 for the first time Ten thousand yuan. Later, I kept saying that if I invest a little more, I will make more profits, and I have repeatedly promised and sworn that I can fully withdraw the funds. When I want to withdraw the funds, I have to pay a 20% capital verification deposit. If If I don’t pay, I can’t withdraw money. Can I ask the official to help me deal with it now?
Exposure
2023-04-08
Kelly3838
Taiwan
On March 30, 2023, I will close all positions and apply for a withdrawal of USD 3,400 (a total of USD 3,456 in the account). On the afternoon of April 4, 2023, I received a letter from MSG, claiming that my transaction violated the rules and I was unable to withdraw funds. I immediately asked the customer service line provided by MSG, and the customer service said that I needed to ask about finances. But as of this morning, there was no reply as to why the withdrawal was refused. Just keep saying need to wait for finance. The last time I refused to withdraw money made me wait for two weeks, and the reason given to me later was that Visa checked my transaction records. I asked if it would be impossible to deposit money with a credit card in the future. MSG said that it is also possible to deposit money with a credit card. This time I don't know why it said that my transaction was illegal. I also sent a letter to support@msgforex.com, and the letter still bounced back. The business phone number provided on the website is still empty.
Exposure
2023-04-06
Kelly3838
Taiwan
On March 16, 2023, I applied for a withdrawal of USD 4,700, and on March 24, 2023, I still cannot get any status update of the withdrawal. Customer service keeps saying it's still under review. The customer service asked me to write to support@msgforex.com, but the letter could not be sent. The customer service said to help me pass it to the finance department, but there was no positive response. The phone number on the official website is empty.
Exposure
2023-03-24
FX1714088702
Hong Kong
No one cares, no one solves my problem. Fraud platform that cannot withdraw profit.
Exposure
2023-03-02
FX1714088702
Hong Kong
I can’t withdraw money after making a profit. It’s been almost a year and no one has solved it or asked you. The customer service will not reply. Stay away from the platform
Exposure
2023-02-16
FX9784766320
Hong Kong
I normally do trading trends in Maxun. No profit, garbage platform. If you make a profit, you are in violation of the rules. Stay away from this garbage platform
Exposure
2023-02-03
FX9784766320
Hong Kong
I trade normally at MSG, but the platform does not withdraw the profit, and delete the transaction records and point. Fraud platform.
Exposure
2022-12-29
FX9784766320
Hong Kong
The profit is not given and said something wrong with the quotation, I want to know that I have made an order for 7 hours, what does your quotation have to do with me?
Exposure
2022-12-12
FX1714088702
Hong Kong
If they do not solve the profit problem for me, I will keep complaining MSF. Fraud platform
Exposure
2022-12-08
FX1714088702
Hong Kong
Forcibly deduct the profit and it has not been solved till third week. No one solve it. The customer service does not answer ur wechat. The platform is still running events. Scam
Exposure
2022-12-05
FX1714088702
Hong Kong
I do not violate anything, and trade normally. Asked you to withdraw the principal. The principal has been paid out, I cannot find anyone. So far, no one has answered. Such a big platform is embarrassed to do activities. Who dares to invite customers to your platform, don't lie to us, I hope MSG will solve it
Exposure
2022-12-02
FX9784766320
Hong Kong
I trade at MSG and they claim that I violate regulations after making profit, and maliciously deletes the transactions record. They said to deal with it, but no one reply. Such a trash platform. Do not trade at here. It is a typical fraud platform.
Exposure
2022-11-28
FX1714088702
Hong Kong
Force you to withdraw principle. Trash platform. Everyone stay away from MSG. Does not solve problem and deduct profit
Exposure
2022-11-22
FX9784766320
Hong Kong
They do not withdraw the profit that I made in Maxun, and delete transaction records maliciously. Everyone should not trade on this fraud platform. Rubbish. Customer service does not reply the message either.
Exposure
2022-11-22
FX1714088702
Hong Kong
No one cares about our retail investors. I would like to ask Maisheng Group, have you experienced death in the trend, I have not violated the rules, why not give me the profit. It's been almost a week. No one in the Maisheng Group has solved the problem. The customer service disappears, everyone, don't be fooled. Still engaged in activities liar. Conscience is eaten by dogs. Say important things three times. Stay away, stay away, stay away.
Exposure
2022-11-17