MASTER SELECT GROUP is a brokerage that offers investors trading services in forex, precious metals, crude oil, U.S. stocks, and indices. The official website of MASTER SELECT GROUP supports Simplified Chinese, Traditional Chinese, and English as languages. The account registration page on the official website of MASTER SELECT GROUP also supports Simplified Chinese, Traditional Chinese, and English.
Company Background:
According to the information on the official website of MASTER SELECT GROUP, the company is registered in Hong Kong, China. Search results from the Hong Kong Companies Registry Integrated Companies Registry Information System (ICRIS) confirm that the information about the company's registration in Hong Kong, China is true. Additionally, the domain name registration information obtained from a Whois search shows that the company's official website domain name was registered on August 10, 2017, which is more than 6 years ago.
Account Registration:
The official website of MASTER SELECT GROUP shows that the company provides links for investors to register real accounts. The method for registering a real account is by clicking on “Open Account” on the left side of the MASTER SELECT GROUP official website, “Start to Trade” on the left, or “Login” in the top right corner to choose “Sign up” and enter the registration page. After selecting or filling in information such as name, email, phone number, and password as required, one can complete the registration for a real account. The account registration page on the official website of MASTER SELECT GROUP supports Traditional Chinese, Simplified Chinese, and English. However, the MASTER SELECT GROUP official website does not provide a link for registering a demo account.
Account Types:
The MASTER SELECT GROUP official website does not provide information about account types.
Trading Products:
The information on the MASTER SELECT GROUP official website shows that the company offers trading services in forex, precious metals, crude oil, U.S. stocks, and indices. Additionally, the MASTER SELECT GROUP official website only provides specific trading products covered by forex, precious metals, crude oil, U.S. stocks, and indices, including the minimum and maximum trading units, spread information, and for some trading products, the margin ratio and margin required per lot.
Margin Ratios:
MASTER SELECT GROUP only shows the margin ratio and margin required per lot for some of the trading products on the official website, and does not provide margin ratio information for all trading products covered by forex, precious metals, crude oil, U.S. stocks, and indices.
Trading Times:
The MASTER SELECT GROUP official website does not provide trading time information for all trading products covered by forex, precious metals, crude oil, U.S. stocks, and indices.
Deposits and Withdrawals:
MASTER SELECT GROUP only displays on its official website the possible channels and methods for deposits and withdrawals, including bank transfer, VISA, Mastercard, Alipay, etc., without providing information about supported currencies, fees, or timing for deposits and withdrawals.
Trading Software:
MASTER SELECT GROUP does not provide information about trading software.
Other Services:
The official website of MASTER SELECT GROUP shows that the company offers investors services such as information strategies and copy trading. The information strategies include hot news, economic calendars, education and training, and market reports, among other content. Copy trading allows investors to replicate or use others' trading strategies or methods.
Regulatory Information:
The MASTER SELECT GROUP official website does not provide any information on the company's regulatory or authorization status. Moreover, the official website shows that the company is registered in Hong Kong, China, but the regulatory authority there—the Securities and Futures Commission (SFC) of Hong Kong—has no records of regulation or authorization related to the company.
Conclusion:
MASTER SELECT GROUP is suspected of fraud. Although the Hong Kong Companies Registry Integrated Companies Registry Information System (ICRIS) confirms that the company is legitimately registered in Hong Kong, China. However, the MASTER SELECT GROUP official website does not provide any regulatory or authorization information, and the Securities and Futures Commission (SFC) of Hong Kong, the regulatory body where the company is registered, has no records of regulation or authorization for the company. Based on this, it is suspected that MASTER SELECT GROUP is involved in fraudulent activities, and investors are advised to exercise caution when choosing the services offered by this company. TraderKnows reminds you to be aware of your financial safety and avoid falling into scam traps.
