MANSON FORD Scam Broker Complaint | MANSON FORD Reviewmike2020-01-30T05:34:39+00:00
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MANSON FORD Complaint – MANSON FORD Review
Is MANSON FORD a scam Broker?
The offshore FX and crypto broker MASON FORD provides four accounts called Basic, Standard, Silver, and Gold. Furthermore, the only difference mentioned in these accounts is the minimum deposits that range from $5000 to $50000. There is no other information available for the trading environment on the website. There are also other concerns associated with this broker we want to discuss in this scam broker review. Follow this review go gain all the knowledge needed while trading with MASON FORD.
About MASON FORD:
MASON FORD fails to feature any idea of spreads provided on its website but when we tried logging in to the broker’s terminal, we came across the spread of 0.9 pips to 1 pip on primary currency pair of EUR/USD. This available spread is attractive. But all traders should consider the fact of a broker’s legitimacy over the cost of trading.
However, there is another potential perk associated with this broker, it is variable products and services portfolio consists of more than 300 assets. These assets include FX pairs, stocks, indexes, commodities, natural resources, and many cryptos. Moreover, this broker offers leverage from 1:500 up to 1:1000, which is considered very aggressive and can make a massive profit. In contrast, it will drain the trader’s money very quickly.
The website of MASON FORD only mentions the name of its owner called Mason Ford Group. No further information is available about its location or whatsoever. This leads to the suspicion that there is no such company available anywhere. Another useful information we get from the broker’s website about the registered telephone number having the country code of the UK. On checking with the Financial Conduct Authority of the UK, we could not find any trace of MASON FORD.
From this, it is evident that this firm is not regulated and also does not possess any valid license to provide its services in the regulated markets such as the EU, Japan, and the US. While trading with online brokers, the trader’s only concern has to be the legitimacy of its service provider. With this, we can say that MASON FORD’s credibility is limited or absent towards investor’s funds.
The website also lacks information on trading costs, commission, fees, and swaps, etc. Such opaque nature is the key instrument of fraudulent scam brokers. The broker also refuses to provide a MetaTrader platform instead it offers a random trading platform.
Is MASON FORD scam or legit?
MASON FORD is an ordinary forex broker which has the same outfit as other scam brokers. The leverage of 1:1000 is so lucrative that anyone can fall its prey. The lack of regulation is the fact of concern. The opaque trading condition is doubtful. All in all, this is another potential scam broker with lucrative offers. Our generous request to the traders is to avoid this potential scam broker.
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