Abstract:MogaFX is a multi-asset broker, offers its clients access to a wide selection of trading assets, both MT4 and MT5 available, with leverage reaching up to 1:500.
General Information & Regulation
MogaFX is a multi-asset broker, offers its clients access to a wide selection of trading assets, both MT4 and MT5 available, with leverage reaching up to 1:500.
Regulatory Information
Two entities behind this MogaFX registered in the following authorities:
MOGA INTERNATIONAL GROUP PTY LTD registered Common Financial Service License from ASIC, Registration No. 501156.
MOGA INTERNATIONAL GROUP LIMITED registered Financial Service Corporate, Registration No. 1002414.
Market Instruments
MOGAFX offers a wide range of trading assets to trade: Forex Currencies, Indices, and Commodities to trade on the popular MetaTrader 4 and MetaTrader 5 platform.
Minimum Deposit
MogaFX has set their minimum deposit to a high amount – $1000. Consider that there are brokers out there that will open an account for a tenth of that.
Leverage
MOGAFX provides a leverage of up to 1:500. This is still allowed in Australia, as the country has been behind global efforts to reduce the maximum amount available to retail clients, but starting March 29th 2021, all ASIC regulated brokers will have to limit it to 1:30 too.
Spreads & Commissions
Spreads and commissions differ from various trading accounts. The spreads in the standard account start from 2.5 pips, starting from 1.5 pips in the VIP account, and as low as 0 pip in the ECN account with certain commissions charged.
Trading Platform Available
MogaFX provides traders with the MT4 and MT5 trading platforms. These are advanced trading platforms that are loaded with a wide array of built-in charting and analytical tools. Both platforms support automated trading via expert advisors (EAs). Both the MT4 and MT5 trading platforms are available as desktop applications for Windows and Mac computers.
Trading Tools
In addition to the tools built into the provided trading platforms, the broker makes available a selection of useful standalone trading tools, such as AutoChartist, Economic Calendar, and Personal Account Managers, on their website.
Deposit & Withdrawal
MogaFX accepts a variety of deposit methods, ranging from credit cards and wire transfers to Bitcoin and other cryptocurrency payments. As always, we advise you to stick with cards – they allow you to file a chargeback within the longest timeframe – 540 days from any transaction.
Customer Service
MogaFX offers a 24/7 customer support team who are available to respond to clients general technical, and account-related inquiries. Clients can reach the support team via telephone, email, and Live Chat.