Risk scorecard
Each area is scored 0 (clean) to 10 (worst). Higher means more risk.
Regulation
7/10 · HighAdvertises an NFA ID that returns no results on the NFA register and holds only a St. Vincent company number; no genuine forex licence while taking deposits.
Identity & transparency
8/10 · CriticalOffshore registered-agent address, a non-existent regulatory ID, and two conflicting identities (St. Vincent vs Hong Kong); no named owners.
Withdrawals & conduct
8/10 · CriticalConsistent fund-integrity complaints across platforms: withdrawals refused (one balance of 20,972 USDT), repeated denials and deleted accounts, with no resolution.
Reputation
8/10 · CriticalUniformly negative independent reviews and low aggregator standing, with no credible positive track record.
Website claims
9/10 · CriticalFalse and unsupported claims: a non-existent NFA registration, 'multiple regulators', '100% security of funds' and 'withdrawals within 24 hours'.
Operational history
4/10 · ModerateGenuine brand presence since 2018, but the entity taking deposits is a 2023 St. Vincent shell and both sites were abandoned around August 2026.
Who they are
A quick desk file on the company behind the brand.
- Brand: MSG, also styled Master Select Group / Master Selected Group (Chinese: 迈盛集团).
- Legal entity: Master Selected Group LLC, a St. Vincent and the Grenadines company, number 3172 LLC 2023.
- Registered: Euro House, Richmond Hill Road, P.O Box 2897, Kingstown, St. Vincent and the Grenadines, a registered-agent address. A Hong Kong office and a +852 phone appear on its Chinese-facing site.
- Website: msgtrader.com (English) and msgforex.com (Chinese); both are now offline.
- Only 'licence': an NFA ID (0558525) that the regulator's register does not recognise, plus the St. Vincent company number. No genuine financial licence.
- Offers: forex, metals, crude oil, indices, US stock CFDs and crypto on MetaTrader 4; minimum deposit 100 USD; deposits by card, bank transfer and USDT.
- Not accepted: no jurisdiction-exclusion list was published; it marketed to English and Chinese speaking clients alike.
- Age claim: the site claims '30 years of industry experience' for its team; the brand itself has been online since 2018 and the current St. Vincent company dates to 2023.
Regulation
Who really oversees this broker, and what each licence is worth to you.
Proof of regulation on an official register: No
We could not confirm this broker on any genuine regulator’s register.
Licences the broker publishes
National Futures Association (NFA)
Saint Vincent and the Grenadines (company registry)
Hong Kong Business Registration
Why we reached this verdict
How the evidence adds up.
We rate MSG a likely scam. The evidence is consistent and points one way.
- A regulatory badge that does not exist. MSG prints 'NFA ID: 0558525' on every page. The National Futures Association's own BASIC register returns no results for that ID, which means the firm is not registered with the NFA or the US CFTC. Displaying a regulatory ID that resolves to nothing is misrepresentation, not oversight.
- No real regulation anywhere. Its only corporate credential is a St. Vincent and the Grenadines LLC. St. Vincent's Financial Services Authority has said it does not license or supervise forex brokers, so that number proves only that a company exists. The Hong Kong business registration shown on the Chinese site is a tax registration, not a Securities and Futures Commission licence.
- Clients report they could not get their money out. Reviews describe charts going erratic and liquidating winning positions, a balance of 20,972 USDT that could not be withdrawn, a user denied four times, and accounts simply deleted. These are fund-integrity complaints, the kind that matter most.
- Two faces. The same operator presents a St. Vincent identity and NFA badge to English users and a Hong Kong company to Chinese users. Honest brokers do not need two different identities.
- It has now vanished. Both websites were abandoned around August 2026. The main address, msgtrader.com, now shows a domain-for-sale page and msgforex.com no longer loads. A trading business that disappears while clients are still chasing withdrawals fits the exit pattern.
The brand has genuinely been online since 2018, so its track record is long on paper, but the company that actually took deposits is a 2023 St. Vincent shell we could not date on a public registry, and that longevity never came with real regulation. No regulator has yet published a warning that names this exact website, which is why we stop at likely rather than confirmed. Everything we could verify ourselves still points to a deceptive, now-defunct operation.
Note on operating history: the 9.2-year track record rests on domain registration alone. No company incorporation date could be established, so this is an upper bound rather than a confirmed age.
Evidence ledger
Every finding, with its source and how strongly it points.
E1The broker prints 'NFA ID: 0558525' on every page, but the National Futures Association BASIC register returns no results for that ID, so the operator is not registered with the NFA or the US CFTC.
StrongNFA BASIC registerE2The site footer names its publisher as 'Master Selected Group, Company number: 3172 LLC 2023 (NFA ID: 0558525)'. A St. Vincent LLC number plus an unverifiable NFA ID are the only credentials it offers.
E3The About page claims 'multiple regulators overseeing MSG' and 'Withdrawals within 24 hours', yet names no regulator and holds none that can be verified.
E4The only contact details are an email and a St. Vincent registered-agent address (Euro House, Richmond Hill Road, Kingstown). No telephone number is given on the English site.
ModerateMSG Contact page (archived)E5The sister domain msgforex.com, run under the same MSG brand since 2018, shows Hong Kong office addresses, a Hong Kong business registration (BR 2563937) and a +852 phone: a different identity from the St. Vincent one shown to English users.
Moderatemsgforex.com (archived)E6Independent reviews are uniformly negative: Trustpilot entries describe charts going erratic and accounts emptied, and other review platforms report withdrawals refused (one balance of 20,972 USDT), a user denied four times, and accounts deleted.
E7Domain records show msgforex.com registered in August 2017 and online as MSG since January 2018, while the English domain msgtrader.com was registered in June 2023. The operation is long-running but the entity taking deposits is a 2023 St. Vincent shell.
E8Both websites were given up around August 2026. msgtrader.com now resolves to a third-party domain-for-sale page and msgforex.com no longer loads. A broker that disappears while clients report unpaid withdrawals fits the exit pattern.
E9A sweep of the main regulator warning lists found no alert naming this exact website. Warnings that surface for similarly named firms belong to different operations and were not attributed here.
WeakRegulator warning-list searches (FCA, ASIC, IOSCO)
The other side
The strongest case in this broker’s favour.
In fairness, we looked for the innocent explanations.
- Is it a real regulated group we misread? No. The one regulatory ID it shows is absent from the NFA register, and a St. Vincent LLC is not a forex licence. There is no tier-one parent behind it.
- Is it just a long-running offshore broker, not a scam? The brand has genuinely been online since 2018, so it is not a fresh pop-up. But longevity is not honesty. For its whole life it operated without real regulation, and it ended by refusing withdrawals and going dark.
- Are the complaints planted by a competitor? The reviews are specific (amounts, repeated denials, account deletion), sit under the broker's own domain, and line up with the operation now being abandoned, so we do not think they are fabricated.
- Could a licence be missing only because it is new? No. The NFA ID returns a definite no-result rather than a pending record, and St. Vincent issues no such forex licence at all.
What would change this
What we would need to see to revise the verdict.
We would revisit this view if the facts changed.
- The NFA register starting to show ID 0558525 as a genuine, active registration for this operator.
- A real, current licence from a recognised regulator (for example the FCA, ASIC or CySEC) naming this company and this website.
- A clear pattern of clients confirming that withdrawals were paid in full, rather than refused.
- The operator returning with a working platform, a single consistent legal identity and verifiable regulation.
A regulator publishing a warning that names msgtrader.com would move this from likely to confirmed.
Check it yourself
Official registers and warning lists. Verify every claim first-hand.
NFA BASIC (National Futures Association register)
Look up the NFA ID 0558525 that MSG displays. It returns no results, so the firm is not NFA or CFTC registered.
Trustpilot reviews for msgtrader.com
Independent customer reviews filed under the broker's own domain.
msgtrader.com (the broker's former site)
The operator's former website; it no longer serves a trading platform and now shows a domain-sale page.
Frequently asked questions
Quick answers about this broker’s safety.
Is MSG (msgtrader.com) a scam?
Our assessment is that it is a likely scam. It advertised a US NFA ID that does not exist on the regulator's register, held no real licence, drew complaints that withdrawals were refused, and has now abandoned its websites. Treat it as unsafe.
Is MSG a fraud?
We cannot state as a legal fact that MSG committed fraud, because no court or regulator has ruled on it. But we assess the risk of fraud as high: clients report deposits taken and withdrawals then refused, and the firm displayed a regulatory ID that resolves to nothing on the official register.
Is MSG regulated?
No. The NFA ID 0558525 it shows returns no results on the National Futures Association register, so it is not NFA or CFTC regulated. Its St. Vincent LLC and its Hong Kong business registration are company registrations, not financial licences.
Can I get my money back from MSG?
It will be difficult, especially now the sites are offline. Do not pay any 'release fee' or 'tax'. Keep all your records and ask your bank or card provider about a chargeback; for crypto deposits, report the wallet addresses to your bank and the police.
Is my money safe with MSG?
No. There is no regulator and no compensation scheme behind it, and multiple users report they could not withdraw. The site's '100% security of funds' claim is not backed by any oversight.
Who owns MSG?
The site names Master Selected Group LLC, a St. Vincent company (number 3172 LLC 2023). Its Chinese-facing site uses a Hong Kong business registration (2563937). No named individuals or verified parent company are disclosed.
How old is MSG?
The MSG / Master Select Group brand has been online since about 2018 through msgforex.com. The English site msgtrader.com dates to 2023, and the St. Vincent company number is from 2023. It is not brand new, but it never held real regulation.
What is the NFA, and does MSG really have an NFA licence?
The NFA is the United States self-regulatory body for futures and forex. MSG does not have an NFA registration. The ID it prints (0558525) returns no results on the NFA's public BASIC register.
Is MSG a clone of another broker?
We did not find it impersonating a specific well-known brand on its own site; it uses its own long-standing MSG brand. Some third parties report it also quoted a Vanuatu registration number tied to a different company, but we could not confirm that at the source.
Why does msgtrader.com not work anymore?
The domain was given up around August 2026 and now points to a domain-sale page, and the Chinese site msgforex.com no longer loads. A broker that disappears while clients are owed money is a serious warning sign.
What does the St. Vincent registration actually mean?
Very little for your protection. St. Vincent and the Grenadines does not license or supervise forex brokers, so a St. Vincent company number only shows that a company was formed; it gives you no regulatory recourse.
What should I check before depositing with any broker?
Confirm a real licence on the regulator's own register (not just a logo or number on the broker's site), check that the company name and website match the licence, look for independent reports that withdrawals are paid, and avoid brokers that take only crypto or that show different identities in different languages.
What we recommend
The practical takeaway from everything above.
Our advice is simple.
- Do not deposit money with MSG, msgtrader.com or msgforex.com.
- If you already have, stop adding funds and do not pay any 'fee', 'tax' or further 'deposit' that someone says is needed to release a withdrawal. That demand is itself a scam signal.
- Gather your records (deposit receipts, chat logs, wallet and card details) and ask your bank or card provider about a chargeback; for crypto, report the wallet addresses to your bank and police.
- Report it to your national financial regulator and police cybercrime unit, and be wary of anyone who later offers to 'recover' your funds for an upfront fee, which is a common follow-up scam.
This is an independent assessment of risk, not a legal ruling. Scores and verdicts follow the Wikilix broker-safety methodology and can change as new evidence appears. Review scores are treated with caution when a broker’s reviews look manipulated. Last reviewed October 7, 2026. If any detail here is out of date or incorrect, or you represent this broker, please contact us.
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