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Regarding the legitimacy of MSG forex brokers, it provides a comprehensive investigation into the security aspects of regulatory VFSC,FSA,ASIC, and WikiBit, as well as whether there are any negative scam reviews.

Rating Index

WikiFX Detection

Software Index

Full License

License

ASIC Suspicious Clone

Is MSG safe?

The regulatory license is the strongest proof.

Retail FX

VFSC Retail Forex License

Vanuatu Financial Services Commission

Vanuatu Financial Services Commission

Regulatory Agencies Introduction
  • Current Status:

    Revoked
  • License Type:

    Retail Forex License
  • Licensed Institution:

    MASTER SELECT GROUP LIMITED MASTER SELECT GROUP LIMITED
  • Effective Date:

    2020-06-21
  • Email Address of Licensed Institution:

    --
  • Sharing Status:

    No Sharing
  • Website of Licensed Institution:

    --
  • Expiration Time:

    --
  • Address of Licensed Institution:

    --
  • Phone Number of Licensed Institution:

    --
  • Licensed Institution Certified Documents:

11 name
Biz reg

FSA Business Registration

Financial Services Authority

Financial Services Authority

Regulatory Agencies Introduction
  • Current Status:

    Offshore Regulated
  • License Type:

    Business Registration
  • Licensed Institution:

    MASTER SELECT GROUP LLC MASTER SELECT GROUP LLC
  • Effective Date:

    2023-08-04
  • Email Address of Licensed Institution:

    --
  • Sharing Status:

    No Sharing
  • Website of Licensed Institution:

    --
  • Expiration Time:

    --
  • Address of Licensed Institution:

    --
  • Phone Number of Licensed Institution:

    --
  • Licensed Institution Certified Documents:

11 name
STP

ASIC Straight Through Processing(STP)

Australia Securities & Investment Commission

Australia Securities & Investment Commission

Regulatory Agencies Introduction
  • Current Status:

    Suspicious Clone
  • License Type:

    Straight Through Processing(STP)
  • Licensed Institution:

    KOHLE CAPITAL MARKETS PTY LTD KOHLE CAPITAL MARKETS PTY LTD
  • Effective Date: Change Record

    2017-07-06
  • Email Address of Licensed Institution:

    jlau@kc-cap.com.au
  • Sharing Status:

    No Sharing
  • Website of Licensed Institution:

    www.kc-cap.com.au
  • Expiration Time:

    --
  • Address of Licensed Institution:

    L 2 673 BOURKE ST MELBOURNE VIC 3000 AUSTRALIA
  • Phone Number of Licensed Institution:

    0432260109
  • Licensed Institution Certified Documents:

11 name

Is MSG a scam, or is it legit?

The latest exposure and evaluation content of MSG brokers.

IB STAFF FRAUDULENT, AUTOMATICALLY NEGATIVE ACCOUNT BALANCE
I SUSPECT THAT THE IB BUSINESS OF THIS BROKER IS WEAK, THEY EXECUTED ORDERS WITH THE INTENTION OF DEPLETING MY CAPITAL. 95% OF THE PROFITS WERE GENERATED BY MY OWN ORDERS. AT 3 AM THAT DAY, I DID NOT TRADE, BUT MY ACCOUNT GENERATED TRADING ACTIVITY THAT DEPLETED MY CAPITAL. I HAVE SENT 4 EMAILS TO THE CUSTOMER CARE DEPARTMENT, BUT UNTIL NOW, AFTER MORE THAN 1 MONTH, I HAVE NOT RECEIVED ANY RESPONSE.
Cannot withdraw for nearly 10 working days
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.
The platform has denied my withdrawal requests. I tried to withdraw $3,000 to leave a balance of $20,000.
I have attempted to withdraw four times, and each request has been denied.
I deposited USDT and attempted to withdraw USDT, but my withdrawal request was denied.
I have contacted support at cs@msgtrader.com, but no one has responded regarding the refusal of my withdrawal. My account balance is 20,972 USDT, and they are not allowing me to withdraw the funds.
Unable to withdraw money, IB scams, deletes player's account
Scam warning: MSG (Master Select Group) website: https://msgtrader.com Can't withdraw money, IB scam, the floor deletes player's account. My name is Nguyen Quang Huy, I have a friend named Thanh Tung ( admin of Zalo Group: Investing in billions) who contacted and advised me to buy the tool Take Propips trading management solutions for $300 with the condition of depositing money into the MSG platform (https://msgtrader.com/) to trade. At that time, I checked the MSG floor on WikiFX and saw that the score was still above 7 points, so I trusted it. Moreover, the account number to deposit money to buy tools is a company account that should be trusted. VTRADER INTERNATIONAL INVESTMENT - TRAINING JOINT STOCK COMPANYhttps://infodoanhnghiep.com/thong-tin/CONG-TY-CO-PHAN-DAU -TU-DAO-TAO-QUOC-TE-VTRADER-86210.Then I deposited $1000 into MSG and traded on January 9, 2024. By January 23, 2024, my account had a profit of more than $400. At that time, I made a withdrawal order but saw a refusal message. I made another withdrawal request of $200 and it was also rejected. I contacted the introducer but couldn't get in touch, and was removed from the Zalo group "Investing billions" I chatted with MSG support and it was ok. Notice that the payment gateway is under maintenance, please wait patiently. I waited until the next day to withdraw the money but it continued to be refused. Chat with support and you will be informed that you are contacting the referrer. But I cannot contact the referrer, one-way calls are blocked. At noon on January 25, 2024, I was able to contact the referrer. At this time, when I asked for support, they did not support or respond. He often said he was busy with work and couldn't answer the phone (actually blocking my calls). I have now officially confirmed that this is a fraudulent exchange. Can't withdraw when depositing, deleting the customer's account, or responding to support in a roundabout way, the floor says to contact the referrer, and the referrer says to contact the floor. Ace, please note that you should avoid participating in the MSG (Master Select Group) website: https://msgtrader.com. After a few hours, support said it was because the agent changed my login email. Support said they had changed my email and I could log in again. But when I logged back in, I saw that the money had been completely withdrawn from my account. There was no withdrawal recorded in the withdrawal history. Support told me to wait for them to check, but I waited and waited and didn't see anything. I have enough evidence to provide and verify that the floor is a scam.
MSG's latest industry rating score is 2.26, the higher the score the safer it is out of 10, the more regulatory licenses the more legitimate it is. MSG If the score is too low, there is a risk of being scammed, please pay attention to the choice to avoid.