MOFX is a platform offering a variety of financial trading products. Its domain was registered on October 6, 2023. Although the official website lists its operating address as 71-75 Shelton Street, London, there is no record of the company being registered in the UK. Additionally, MOFX LTD is not authorized or licensed by any regulatory agency. MOFX's official website is https://mofx.io/
Background of MOFX:
The domain for the MOFX platform was established on October 6, 2023. The operating address provided on the official website is 71-75 Shelton Street, London, Great London, United Kingdom, WC2H 9JQ. However, a check reveals that the company is not registered in the UK.
Regulatory Information of MOFX:
MOFX LTD is not regulated by any authority.
MOFX Account Registration Process:
- Visit the MOFX official website and click on the registration button
- Fill out the application form
- Submit identity verification/my number verification documents
- Deposit funds and start trading
Types of MOFX Accounts:
MOFX offers three account types: ECN, PRO, and STANDARD, all using the MT-5 trading platform. Here are the details for each account type:
ECN Account
- Trading Platform: MT-5
- Account Currency: USD
- Leverage: Up to 1:500
- Minimum Deposit: $5000
- Spread: Raw spread
- Commission: $8 per lot
- Margin Call Level: 100%
- Stop-Out Level: 30%
PRO Account
- Trading Platform: MT-5
- Account Currency: USD
- Leverage: Up to 1:500
- Minimum Deposit: $2000
- Spread: 1 pip
- Commission: None
- Margin Call Level: 100%
- Stop-Out Level: 30%
STANDARD Account
- Trading Platform: MT-5
- Account Currency: USD
- Leverage: Up to 1:500
- Minimum Deposit: $200
- Spread: 1.5 pips
- Commission: None
- Margin Call Level: 100%
- Stop-Out Level: 30%
All three account types offer the same high leverage ratio, margin call level, and stop-out level but differ in terms of minimum deposit requirements, spreads, and commissions. Users can choose the appropriate account type based on their trading needs and financial situation.
MOFX Trading Software:
MOFX offers MetaTrader 5 (MT5). MetaTrader 5 (MT5) is a popular trading system with powerful features and flexibility to meet the needs and preferences of various investors. The MetaTrader platform provides a wide range of analysis tools, charts, and automated trading functions, enabling traders to effectively execute various trading strategies.
MOFX Trading Products:
MOFX offers a variety of financial trading products to meet the needs of different investors. The main categories of trading products offered by MOFX include:
Forex: MOFX provides a wide range of forex currency pairs, including major, minor, and exotic pairs.
Precious Metals: MOFX supports trading in precious metals such as gold and silver. Precious metals are often considered safe-haven assets, and traders can choose to invest in them to diversify risk and protect capital during times of market uncertainty.
Energy: MOFX offers trading in energy products including crude oil and natural gas.
Indices: MOFX allows traders to participate in the trading of major stock market indices worldwide, such as the S&P 500, Dow Jones Industrial Average, and Nasdaq Composite Index.
Stocks: MOFX provides trading in stocks of globally renowned companies like Apple, Google, Amazon, etc.
MOFX Spreads, Leverage, and Commission:
MOFX offers three main account types: ECN, PRO, and STANDARD. All account types use the MT-5 trading platform with leverage up to 1:500, a margin call level of 100%, and a stop-out level of 30%. Regarding spreads and commissions, the ECN account offers raw spreads and charges $8 commission per lot; the PRO account has a spread of 1 pip with no commission; the STANDARD account has a spread of 1.5 pips with no commission. The minimum deposit requirements for the different account types are $5000, $2000, and $200, respectively. Users can choose the appropriate account type based on their trading needs and financial situation.
MOFX Deposit and Withdrawal Methods:
MOFX has not specifically detailed their deposit and withdrawal methods on their official website. Typically, traders may use various common payment methods for deposits and withdrawals, including bank transfers, credit cards, e-wallets, etc.
MOFX Customer Support:
Email: support@mofx.io
Phone: (+44) 151 528 9797
Conclusion:
MOFX offers various account types and a wide range of trading products, but due to the lack of regulatory information, investors should exercise caution. When choosing a trading platform, prioritize those that provide transparent information and are regulated to ensure the safety of funds and smooth trading. MOFX is listed on TraderKnows as "Suspected Fraud."
