Score
MOGAFX
Australia|2-5 years| https://www.mogaforex.com/?culture=en-US
Website
Rating Index
Influence
Influence
C
Influence index NO.1
Luxembourg 3.05Contact
Licenses
Single Core
1G
40G
1M*ADSL
- This broker has been verified to be illegal and all of its licences have expired, and it has been listed in WikiFX's Scam Brokers list. Please be aware of the risk!
Basic information
Australia
Scam Brokers 2-5 years Suspicious Regulatory License cTrader Suspicious Scope of Business Suspicious Overrun High potential riskAccount Information
Formal full license MT4/5 traders will have sound system services and follow-up technical support. Generally, their business and technology are relatively mature and their risk control capabilities are strong
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Website
mogainternational.com
Server Location
United States
Website Domain Name
mogainternational.com
Server IP
108.139.10.80
-
mogaforex.com
Server Location
United States
Website Domain Name
mogaforex.com
Server IP
13.32.54.41
-
mogafx.com
Server Location
United States
Website Domain Name
mogafx.com
Server IP
104.18.18.33
Company Summary
Note: MOGAFX's official website: https://www.mogaforex.com/?culture=en-US is currently inaccessible normally.
| MOGAFX Review Summary | |
| Founded | 2020 |
| Registered Country/Region | Australia |
| Regulation | Suspicious Clone |
| Market Instruments | Forex, commodities, indices |
| Demo Account | Yes |
| Leverage | Up to 1:500 |
| Spread | From 0 pips |
| Trading Platform | MT4, MT5, cTrader |
| Min Deposit | $1,000 |
| Customer Support | +61 291890220 |
| service@mogafxglobal.com, service@mogafx.com | |
MOGAFX Information
MogaFX is a multi-asset broker, offering its clients access to many trading assets, including forex, indices, and commodities. MOGAFX offers six account types with different minimum deposit requirements and flexible leverage options up to 1:500 through MT4, MT5, and cTrader. However, it requires a high minimum deposit of 1,000 USD.
Pros and Cons
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Is MOGAFX Legit?
MOGAFX has a Straight Through Processing(STP) regulated by the Australian Securities and Investments Commission (ASIC) in Australia with a license number of 501156, and it is a Financial Service Corporate regulated by the Financial Service Providers Register (FSPR) in New Zealand with a license number of 1002414. However, both licenses are Suspicious Clone.
| Regulatory Status | Suspicious Clone |
| Regulated by | Straight Through Processing(STP) |
| Licensed Institution | SPECTRE FINANCIAL GROUP AUSTRALIA PTY LTD |
| Licensed Type | Straight Through Processing(STP) |
| Licensed Number | 501156 |
| Regulatory Status | Suspicious Clone |
| Regulated by | The Financial Service Providers Register (FSPR) |
| Licensed Institution | MOGA INTERNATIONAL GROUP LIMITED |
| Licensed Type | Financial Service Corporate |
| Licensed Number | 1002414 |
What Can I Trade on MOGAFX?
MOGAFX offers many trading assets such as Forex Currencies, Indices, and Commodities.
| Tradable Instruments | Supported |
| Forex | ✔ |
| Commodities | ✔ |
| Indices | ✔ |
| Cryptocurrency | ❌ |
| Shares | ❌ |
| Metals | ❌ |
Account Type
MOGAFX provides a demo account with a 30-day risk-free trading period and $100,000 virtual capital. MOGAFX also offers six live account types including Standard, VIP, ECN, Raw-spread, M1, and Swap-free accounts. Each account has different minimum deposit requirements, $1000, $10,000, $50,000, $10,000, $10,000, and $5,000 respectively. You can refer to the table for details.
| Account Type | Minimum deposit | Spreads from | Minimum lot size | Leverage |
| Standard | 1,000 USD | 2.5 pips | 0.01 | 1:100, 1:200, 1:400, 1:500 |
| VIP | 10,000 USD | 1.5 pips | 0.01 | 1:100, 1:200, 1:400, 1:500 |
| ECN with low spread | 50,000 USD | 0 pips | 0.01 | 1:100, 1:200, 1:400, 1:500 |
| RAW-SPREAD | 10,000 USD | 0 pips | 0.01 | 1:100, 1:200, 1:400, 1:500 |
| M1 | 10,000 USD | 1.5 pips | 0.01 | 1:100, 1:200, 1:400, 1:500 |
| SWAP-FREE | 5,000 USD | 2.8 pips | 0.01 | 1:100 |
MOGAFX Fees
Spreads differ from various trading accounts. The spread starts from 2.5 pips on the Standard account, from 1.5 pips on the VIP and M1 accounts, from 0 pips on the ECN and Raw-spread accounts, and from 2.8 pips on the Swap-free account. There is no commission charged on any of the accounts.
Trading Platform
| Trading Platform | Supported | Available Devices | Suitable for |
| MetaTrader 4 (MT4) | ✔ | PC and Mobile | Investors of all experience levels |
| MetaTrader 5 (MT5) | ✔ | PC and Mobile | Investors of all experience levels |
| cTrader | ✔ | PC and Mobile | Investors of all experience levels |
Deposit and Withdrawal
MOGAFX requires a minimum deposit of 1,000 USD for the Standard account.
Keywords
- Scam Brokers
- 2-5 years
- Suspicious Regulatory License
- cTrader
- Suspicious Scope of Business
- Suspicious Overrun
- High potential risk
News
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Review 157
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Bitter sweet and sour
Hong Kong
All sales have left and funds cannot be withdrawn.
Exposure
06-19
工作狂
Hong Kong
It’s been 4 months and I can’t withdraw money. Don’t let more people be deceived.
Exposure
04-22
FX1029994336
Hong Kong
From December 21, 2023, my 27,000 USD can't be withdrawn. It's a scam company by the Taiwanese! The so-called regulation is all lies, please be careful.
Exposure
04-10
FX8948351642
Malaysia
unable withdraw a few month almost 1 years
Exposure
03-27
Fx4679443
United Kingdom
i want to withdraw my fund from phemexproe but the customer service said currently my a count is in frozen position so i cant withdra w my fund. if i want to unfrozen my account t o do the fund withdraw i have to psy usd25388 8.because of they system problem but_hav e to pay the fixing fee?i think its theyib for × the problem not the customer.
Exposure
03-06
Fung0078
Hong Kong
MogaFx does not respond to emails and withdrawal requests are not approved. They subsequently sent an email explaining that the platform was having issues with withdrawals and that MogaFX would be shutting down soon. When I requested the withdrawal, they told me they could not process the withdrawal if it did not meet insurance requirements. I opened a new investment account and then requested a withdrawal. MogaFX If my money doesn't arrive today I will expose you.
Exposure
02-14
盈十李兄fu1543649432
Taiwan
MOGA is officially closed ......... The ads kept saying it was fine, but it's finally shutting down. When I saw the 200% WTPA a month, I felt it was a huge risk to use MOGA.
Exposure
01-17
Jeff861
Malaysia
can anyone help me contact mogafx to withdraw my usdt?
Exposure
01-13
一切向前看
Hong Kong
I was trading normally, but I was not allowed to withdraw money. It was a rubbish platform. I used to be able to contact online customer service, but now no one is online.
Exposure
01-12
柴汉卿
Hong Kong
I have applied for withdrawal for a long time. I asked the community and contact, they said my account is locked. I never get reply from contact on the website.
Exposure
01-11
Chun2511
Hong Kong
Unable to withdraw money, there is no reply from CS on the platform. My CS told me that the company is going to collapse, but they all laid off and disbanded. Moga 客戶 Tsang Kam Chi lamchunchun23@yahoo.com.hk Tsang Kam Chi 2036031 50422.44usdt Tsang Kam Chi 2036026 51442.78usdt Tsang Kam Chi 2036035 20140.7usdt There are many withdrawal applications, because I can only apply for 5000usdt each time.
Exposure
01-08
廖31614
Malaysia
It has been many days since I applied for a withdrawal, but the funds on mt4 were not deducted. I cannot contact customer service. The contact information on the official website is gone. It is suspected that the platform has run away.
Exposure
2023-12-28
廖31614
Malaysia
It has been a few days since I requested to withdraw money, but no action has been taken. The funds in mt4 are still the same. Please help. Upload the records of deposits and withdrawals.
Exposure
2023-12-27
justink261
Hong Kong
My application for withdrawal on December 22nd showed failure, and then I reapplied for withdrawal and it has not been processed yet. I sent emails and contacted customer service, but no one paid attention to it and it was not processed. A total of 3,000 US dollars was my deposit.
Exposure
2023-12-27
嗯123
Hong Kong
Unable to withdraw money, customer service cannot be contacted on the official website. No one cares, and the business manager keeps evading. The platform has suspended businesses.
Exposure
2023-12-22
嗯123
Hong Kong
Unable to withdraw money. I have withdrawn money for almost half a month and have not been given out. I followed their strategy and suffered serious losses. The remaining funds are not allowed to withdraw.
Exposure
2023-12-21
FX3710398925
Hong Kong
Today, my trading account on the MOGAFX platform is 2032769, with a balance of 1,390 US dollars. It has been more than a week since I applied for a withdrawal. Today, I was informed by the account manager that MOGA has temporarily terminated, and deposits and withdrawals for agent customers and account managers are suspended.
Exposure
2023-12-21
天天2938
Hong Kong
The withdrawal has not been received for more than a month, and there are always various excuses for not withdrawing money, not being able to log in, and finally ignoring it and not replying to messages. It is a black platform!
Exposure
2023-11-27
天天2938
Hong Kong
My trading account at MOGAFX is 2035155, and since November 1st, I have not been allowed to withdraw funds. Yesterday, I talked to online customer service about the issue of withdrawal, and they directly froze my account, changed my account password and member login password, and prevented me from logging in. It was completely a behavior of a black platform.
Exposure
2023-11-08
天天2938
Hong Kong
Not only did the platform not allow me to withdraw money, it also blocked my account without any reason and prevented me from logging in. It’s an unscrupulous platform. Attached the chat record with online customer service.
Exposure
2023-11-07