Review summary
MajorTrade, operating under the corporate entity Cynosure Consulting LTD, is a broker registered in Dominica with 5-10 years of operational history. According to WikiFX data, this entity lacks any valid authoritative forex trading licenses and is designated with a severe risk warning, reflected in an overall WikiFX score of 1.50. The absence of mainstream financial regulation means there is no independent oversight governing client fund protection or operational conduct. The broker offers a tiered account structure, including a basic 'Starter' account with a $250 minimum deposit and more premium accounts requiring deposits up to $15,000. These accounts support features such as scalping and automated trading via Expert Advisors (EAs). Given its unregulated offshore status and the inherent risks associated with such entities, traders are urged to exercise significant caution. Note: Regulatory status, trading conditions, and risk assessments may vary by jurisdiction. The WikiFX score reflects currently available information.Please verify all entity details independently before trading. (Updated: 2026-04-07)
