Master Edge Trust describes itself as an online trading platform providing users with access to global financial markets, including forex, shares, commodities, and cryptocurrencies. According to its website, Master Edge Trust has advanced trading tools available, offers secure transactions, and has professional customer support teams available 24/5. Additionally, it states it will provide educational tools to assist traders in building their personalized trading plans. However, is Master Edge Trust a bona fide broker, or should you be more concerned about what’s behind the business?
Master Edge Trust Broker Overview
- Website: https://www.masteredgetrust.com/
- Website Availability: Yes
- Address: TD North Tower, 77 King St W, Toronto, ON M5K 2A1, Canada
- Warning Notices: Alberta Securities Commission (Alberta)
- Domain Blacklisted Status: Masteredgetrust.com is flagged on 1 out of 70 known blacklists, indicating potential security or reputation issues.
Signs Pointing Toward Trouble
While looking at Master Edge Trust, there are several serious concerns. ScamAdviser, a reputable website rating service, has given this platform a very low trust score. It is fair to assume that such a score strongly indicates that the site is unreliable or even unsafe.
The MasterEdgeTrust.com domain was only recently registered, according to additional research. This is another common characteristic of an untrustworthy or outright fraudulent platform. Additionally, it cannot be proven that Master Edge Trust is recognized (or regulated) by a financial authority.
User Experiences: Withdrawal Woes and Missing Funds
The way a broker handles withdrawals is one of the best indicators of a bad broker. Master Edge Trust has received multiple complaints with users reporting impossible obstacles to withdrawing their money. Reviews on REVIEWS.io show examples of users sitting on a withdrawal request with no access to their funds for weeks.
As an example, one review described 2 weeks waiting for a withdrawal request to be completed. “Master Edge Trust confirmed that the transaction was completed,” the review said, but the user’s bank said it was not. “The bank did not confirm any deposit was ever made or even an attempt was made.”
Another user reported losing over $20,000 and called it a financial nightmare.
With consistent withdrawal issues and accusations of stolen funds, it appears that Master Edge Trust acts as a scam rather than a broker.
Regulatory Concerns and Warnings
Regulatory oversight is a strong protective factor for traders. That Master Edge Trust is not identified with any regulatory body is concerning on its own, and as stated earlier, it adds to the list of worries already about this platform. It is critically important to note that the platform has been placed on the Caution List of the Alberta Securities Commission (ASC); so that regulators do recognize it is at least potentially harmful to investors.
Check ASC Warning – https://www.asc.ca/en/Enforcement/Investment-Caution-List/m/Master-Edge-Trust
When there is no regulation, and something goes wrong, users have little to no alternative.
Take Informed Action
Take action if you have been scammed by Master Edge Trust or another scam broker. To find out more about your options and start recovering, get in touch with us for a free consultation.
Recall that our goals at Lycan Retrieve are to recover from losses, encourage trust, and produce outcomes. Allow us to assist you in receiving your money back.
To safeguard your future and recover financial control, get in touch with us.
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