FMASTERS does not provide registration and authorization documents. In addition, the jurisdiction of the company’s location is not specified. Judging by the technical support phone number, the operator code belongs to the UK. As for the history of the project, the broker claims that it has been “providing access to the Forex market since 2009”. However, its domain was registered only in October 2023. It’s worth noting that the site has information about more than 500 thousand traders who use this platform all over the world, but this is not confirmed by anything. Finally, all users accessing the platform are required to familiarize themselves with Estonian law, as stated in the Terms and Conditions of the company, which does not provide a legal address or license.
FMASTERS offers its clients author’s trading software, which is designed for beginners and based on the most advanced algorithms. The terminal works via the Internet, so it is necessary to download and install it on your PC or mobile device. You can use such instruments as
currency pairs, stocks, indices, digital coins, and commodities.
The broker has developed 4 tariff plans, which are sorted by the amount of the minimum deposit. Traders are offered the following conditions:
- Bronze, from $250 – Leverage 1:30, Spreads from 1.3, Commissions 0.0, Stop Out Level 40%.
- Gold, from $2,500 – Leverage 1:100, Spreads from 1.3, Commissions only for Forex and metals, Stop Out Level 50%.
- Black, from $25,000 – Leverage 1:300, Spreads from 1.3, Commissions on all Instruments, Stop Out Level 50%.
- Platinum $100,000 – Leverage 1:500, Spreads from 0, Commissions 2%, Stop Out Level 50 with no restrictions.
You can deposit and withdraw profits by bank transfer, Visa/MasterCard, Neteller, Skrill, FasaPay, and other methods.
FMASTERS promises in its advertising information to process withdrawal requests within one hour. However, in the Terms and Conditions, the company indicates that the average processing time of a request is within 5 working days from the moment of its submission. After that, the transfer process can take more than 14 business days.
FMASTERS states that it can disable its website “at any time and at its sole discretion”. The company will not be liable to customers in this case.
Analytical information is provided on the site by the TradingView platform tracker. Users have access to: Forex Market Hours,
Trading Breaks, Calendar of National Holidays. The support service works in 24/5 mode, and consulting hours of Back Office employees are GMT, 09:00 – 19:00. In the advertisement, the broker claims “Online video chat support 24/7”, which actually does not exist.