MasterMind FX is a forex broker, with its official website domain www.mastermindfx.org registered on November 2, 2023. This broker primarily provides contract-for-difference trading services on a variety of financial products such as forex and cryptocurrencies. The company's address is 9A CT House, 2nd Floor, Providence, Mahe, Seychelles.
Company Services
Account Opening
The process of opening an account with MasterMind FX is as follows:
- Visit www.mastermindfx.org, click the “Register” button in the upper right corner of the webpage to go to the account opening page.
- Fill in your name, email address, and set a password in the account opening form. Submit to complete the account creation.
- After logging into the account, users need to complete KYC verification before they can start trading.
Investment Plans
MasterMind FX offers four investment plans: STARTER, BASIC, PRO, and EXECUTIVE. However, only the investment amounts are disclosed, while the specific rates of return are not published on the official website.
STARTER
- Investment Amount: $620
BASIC
- Investment Amount: $2,000
Premium
- Investment Amount: $5,000
VIP
- Investment Amount: $10,000
Trading Platform
MasterMind FX claims to offer self-developed trading programs on both web and mobile platforms. However, in reality, only the web platform accessed via the official website is available, and no mobile download links are provided.
Deposit and Withdrawal Methods
The homepage of MasterMind FX claims to support deposits via Visa, MasterCard, bank transfer, and cryptocurrencies. However, in the “FAQ” section, it is stated that they only accept payments in Bitcoin.
Contact and Social Media
MasterMind FX displays icons for Facebook, Instagram, and Twitter on its website. However, these icons are just images without links, thus not directing users to actual social media pages.
Users can only contact the broker and obtain customer support via email and online forms on the official website.
Company Background and Regulation
Company Background
MasterMind FX claims to be a cryptocurrency investment solutions company registered in the United States and regulated in multiple jurisdictions worldwide. According to its official website, the broker's registration and regulatory information in various jurisdictions is as follows:
- MasterMind FX (SC) Ltd is a securities dealer registered in Seychelles, with registration number 8423606-1, regulated by the Seychelles Financial Services Authority (FSA) under license number SD025. Its registered address is 9A CT House, 2nd Floor, Providence, Mahe, Seychelles.
- MasterMind FX B.V. is a securities intermediary registered in Curaçao, with registration number 148698(0), regulated by the Central Bank of Curaçao and Sint Maarten (CBCS) under license number 0003LSI. Its registered address is Emancipatie Boulevard Dominico F. “Don” Martina 31, Curaçao.
- MasterMind FX (VG) Ltd is authorized by the British Virgin Islands Financial Services Commission (FSC) with registration number 2032226 and investment business license number SIBA/L/20/1133. Its registered address is Trinity Chambers, P.O. Box 4301, Road Town, Tortola, BVI.
Regulatory Verification
Upon investigation, the Financial Industry Regulatory Authority (FINRA) website did not find any company named MasterMind FX. Furthermore, the regulatory information provided on the MasterMind FX website actually belongs to another broker, “Exness,” suggesting the broker might be copying others' regulatory details to mislead investors.
Summary
Traderknows reminds investors that MasterMind FX neither has a legitimate company registration nor any valid regulation. Additionally, it seems to be copying regulatory information from other legitimate brokers.
Investors should prioritize choosing trading platforms that are regulated and transparent to avoid potential financial losses and investment risks.
