Mocin Life is a forex broker whose official website domain was registered on September 9, 2015. It mainly provides investors with trading services in financial derivatives such as commodities, indices, forex, stocks, cryptocurrencies, and metals. The head office address of the company is unknown. This broker does not provide services to jurisdictions where doing so may contravene local laws or regulations.
Company Registration Information and Regulatory Status:
According to the official website of Mocin Life, the broker is regulated by the Dubai Financial Services Authority (DFSA) and the Cyprus Securities and Exchange Commission (CySEC), with license numbers G597649 and 597/68, respectively. The broker's Terms and Conditions on its official website are governed by and construed in accordance with the laws of the Republic of Vanuatu. Mocin Life has not mentioned its corporate registration entity name in either the website or its legal documents.
Upon verification, both the Dubai Financial Services Authority (DFSA) and the Cyprus Securities and Exchange Commission (CySEC) could not find a broker named Mocin Life, and the license numbers provided do not exist. The broker's registration information is also not found with the Vanuatu Financial Services Commission (VFSC).
Account Opening:
To open an account with Mocin Life: Go to the broker's official website, click "Sign up" in the upper right corner of the web page to enter the account registration interface. Fill in the personal information as required and submit it. Then the broker will send a verification email to the email address provided by the user. After verifying the code, the account can be accessed. A complete verification of personal information must be completed before depositing and trading activities can commence.
Account Types:
Mocin Life offers three different types of real trading accounts: Elementary, Medium, Professional.
Elementary:
- Minimum initial deposit amount: $1,000
- Trading leverage: 1:20
Medium:
- Minimum initial deposit amount: $25,000
- Trading leverage: 1:50
- Trading types: Cryptocurrencies and metals
- Swap: None
- Opening personal PAMM accounts: Supported
Professional:
- Minimum initial deposit amount: $50,000
- Trading leverage: 1:100
- Trading types: Cryptocurrencies, metals, ETFs, and indices
- Swap: None
- Opening personal PAMM accounts: Supported
- Deposit protection: Supported
- Personal account manager: Provided
Trading Platform:
Mocin Life provides users with a self-developed trading platform, and its official website only offers a web version, with no download links provided for the mobile version.
Deposits and Withdrawals:
Mocin Life has not explicitly disclosed on its official website the supported methods, fees, or minimum amounts for deposits and withdrawals.
Conclusion:
Traderknows warns investors that Mocin Life is an unregulated forex broker and is suspected of engaging in false advertising. Investors are advised to choose brokers with transparency, strong regulation, and a good reputation for their investment and trading activities to avoid unnecessary financial losses.
Currently, this broker is marked as "suspected fraud" on Traderknows.
