Scan to download
It is more convenient and faster to find brokers and complain
Master Door FX
Regulators: SVG FSA
Master Door FX is an offshore company registered with the Financial Services Authority of St. Vincent and the Grenadines (SVG FSA) and supposedly located in the US yet not supervised by the National Futures Association (NFA). It is an unlicensed broker and thus not regulated in Australia.
While we are able to locate a firm called Master Door Fx in the SVG FSA register, it is crucial to note that the offshore financial watchdog has explicitly stated that entities engaging in forex trading and brokerage are not licensed from this jurisdiction. As such, the investment services/products offered by Master Door Fx are unlicensed.
Additionally, Master Door Fx provides an address in the US to appear real. As per US law, if it seeks to launch a business in this country, it is required to be regulated by the NFA and the Commodity Futures Trading Commission (CFTC). So it has to be an NFA-member at first. However, we searched for this company in the NFA register but no records matching it exist.
More importantly, to check its licensing data in Australia, we searched the Australian Securities and Investments Commission (ASIC) for Master Door FX. However, we have been unable to find corresponding data, suggesting that it is not regulated in Australia.
In conclusion, Master Door Fx is an unlicensed broker that comes with significant risks, such as financial losses and identity theft, as there isn't any regulatory oversight to protect investors from fraud or theft. Therefore, we strongly suggest investors stay away from unlicensed brokers like Master Door Fx and instead choose a fully regulated one.
FX trading is of high risk and may not be suitable for all investors. Leverage will create additional risks and loss. Before trading, please carefully consider your investment objectives, experience level and risk tolerance. You may lose part or all of your initial investment; do not invest money that you cannot afford. Educate yourself about the risks associated with FX trading. If you have any questions, please consult an independent financial or tax advisor. Any data and information are provided "as is" and only for information purpose, not for trading or recommendations. Past performance does not predict future results.
The data contained in this website may not be real-time and accurate. The data and prices on this site are not necessarily provided by the market or exchange, but may be provided by market makers, so prices may be inaccurate and differ from actual market prices. Namely, this price is indicative price only to reflect market trend, and is unfavorable for trading purpose. The provider of the data contained in the Website shall not be liable for any loss incurred by you as a result of your trading activities or reliance on the information contained in the Website.