Risk Control
Software Index
MasterLink Securities has established itself as a prominent player in the forex and CFD trading landscape, particularly in Taiwan. This review synthesizes various insights from multiple sources, highlighting the broker's strengths and weaknesses. Overall, MasterLink Securities is noted for its competitive trading conditions, including high leverage and low spreads. However, it faces criticism regarding its accessibility for international traders and the limited information available on its English website.
Note: It is essential to consider the regional differences in brokerage operations. MasterLink Securities primarily caters to Chinese residents, requiring a Chinese ID and bank account for account creation, which may limit its appeal to international traders.
Category | Score (out of 10) |
---|---|
Account Conditions | 8.0 |
Tools and Resources | 6.0 |
Customer Service & Support | 5.0 |
Trading Experience | 6.0 |
Trustworthiness | 8.0 |
User Experience | 5.0 |
We rate brokers based on user feedback, expert opinions, and factual data.
Founded in 1989, MasterLink Securities is a Taiwan-based brokerage firm that offers a range of trading services. The company is regulated by the Taipei Exchange (TPEX) and provides access to various asset classes, including forex, CFDs, commodities, and indices. The trading platform offered is MetaTrader 4 (MT4), which is widely recognized for its robust features and user-friendly interface.
Regulated Areas:
MasterLink Securities is primarily regulated in Taiwan, with its operations overseen by the Financial Supervisory Commission (FSC). This regulatory status provides a level of assurance regarding the broker's adherence to compliance standards.
Deposit/Withdrawal Currencies:
The broker allows deposits through bank transfers, credit cards, and e-wallets. Notably, withdrawals are limited to approved Chinese banks, which may pose challenges for international clients.
Minimum Deposit:
The minimum deposit varies by account type: $100 for the standard account, $500 for the gold account, and $1,000 for the platinum account. This tiered structure accommodates traders with different capital levels.
Promotions:
There is limited information regarding bonuses or promotions on the MasterLink Securities website, which may affect its attractiveness to new traders.
Tradable Asset Classes:
MasterLink Securities offers a diverse range of tradable assets, including major and minor currency pairs in forex, CFDs on indices and commodities, and direct commodity trading.
Costs (Spreads, Fees, Commissions):
The broker is known for its competitive costs, with spreads starting from 1.5 pips for the standard account, 1.0 pips for the gold account, and as low as 0.5 pips for the platinum account. Importantly, all account types are commission-free, making it an appealing choice for cost-conscious traders.
Leverage:
Traders can take advantage of high leverage, with ratios of up to 1:600 available across all account types. This feature allows for potentially higher returns, though it also increases risk.
Trading Platforms Allowed:
MasterLink Securities exclusively uses the MetaTrader 4 platform, which is well-regarded for its advanced charting tools and automated trading capabilities. However, it does not offer the newer MetaTrader 5 platform, which may limit some traders seeking the latest features.
Restricted Regions:
A significant limitation is that MasterLink Securities requires a Chinese ID and bank account for account registration, effectively excluding potential international clients from accessing its services.
Available Customer Service Languages:
Customer support is available in Chinese, with options for email and telephone support. However, the lack of live chat support may hinder immediate assistance for clients.
Category | Score (out of 10) |
---|---|
Account Conditions | 8.0 |
Tools and Resources | 6.0 |
Customer Service & Support | 5.0 |
Trading Experience | 6.0 |
Trustworthiness | 8.0 |
User Experience | 5.0 |
Account Conditions:
MasterLink Securities earns a strong score of 8.0 for its account conditions. The tiered minimum deposit requirements facilitate entry for a wide range of traders, while the competitive spreads and absence of commissions make it financially appealing.
Tools and Resources:
With a score of 6.0, the tools and resources offered by MasterLink Securities could be improved. While the MT4 platform is robust, the lack of educational resources or advanced trading tools may deter novice traders.
Customer Service & Support:
The customer service rating of 5.0 reflects the mixed feedback from users. While the availability of email and phone support is a positive, the absence of live chat options and limited language support may affect user satisfaction.
Trading Experience:
Rated at 6.0, the trading experience on MasterLink Securities is generally favorable, thanks to the MT4 platform's features. However, the broker's limitations regarding account registration for non-Chinese residents dampen the overall experience for international traders.
Trustworthiness:
With a trustworthiness score of 8.0, MasterLink Securities benefits from its long-standing presence in the market and regulatory oversight from the FSC. This status enhances its credibility among traders.
User Experience:
The user experience score of 5.0 highlights the challenges faced by potential clients due to the sparse information on the English website. The lack of a straightforward sign-up process for international clients is a significant drawback.
In conclusion, MasterLink Securities presents a compelling option for traders in Taiwan, particularly those looking for high leverage and competitive spreads. However, the broker's accessibility issues for international clients and limited customer support options warrant careful consideration. As always, prospective traders should conduct thorough research and consider their specific needs before choosing a brokerage.