MogaFX Journal
| Journal status: live MogaFX joined in | not yet |
MogaFX Profile
Website
Year
2021
Country
SVG
Branches
1
Regulation
not regulated
Registration
FSA SVG, ASIC Australia, FSPR New Zealand
Investor protection
Fund protection
no
Publicly traded
no
Restricted in
Not serving
...
Broker type
MM, DMA, ECN marketing
Dealing book
A+B hybrid book, A-book
Tier
3
Execution speed
...
LPs total
...
LPs quality
...
LPs names
...
MogaFX Accounts
MM
DMA
ECN
Minimum Deposit
1000 $
10000 $
50000 $
Leverage
500 : 1
500 : 1
500 : 1
Minimum Lot
0.01 lots
0.01 lots
0.01 lots
EURUSD spread
2.5 pips
0 pips
0 pips
Commission
0 $/lotRT
8 $/lotRT
8 $/lotRT
Volume
...
...
...
Margin Call
...
...
...
Stop Out
...
...
...
Execution
Market
Market
Market
Spread
floating
floating
floating
Scalping
yes
yes
yes
Deposit & Fees
Deposit methods
Bank Wire, Perfect Money, FasaPay, Bitcoin, Tether, GCPay, STICPAY, Skrill, Neteller
Base currency
USD
Segregated accounts
yes
Interest on margin
no
Inactivity fee
none
| Update broker |
- Full listing profile: MogaFX broker profile
Is MogaFX safe?
- Investor protection: no
- Regulation: not regulated
- Registration: FSA SVG, ASIC Australia, FSPR New Zealand
- Publicly traded: no
- Segregated account: yes
- Guaranteed Stop Loss: no
- Negative Balance Protection: yes
Is MogaFX trusted?
- Information transparency: sufficient
★★★ - Customer service: virtually non-existent
★ - MogaFX website: semi-detailed, updated
★★★ - MogaFX popularity (by visitor count): low visits
★★
How MogaFX works
Does MogaFX hold an STP?
MogaFX does apply STP trading execution.
https://www.mogafx.com/faq-about
Counterparty risk on [Moga International Group LLC’s partnered Product Issuers]
As further described in Section [6 (Our Products)] above, our CFD and Margin FX products are all contracts you enter into with us, and therefore you are exposed to us as a counterparty.
We take the opposite side of all trades entered into with us by our clients, so therefore you are exposed to the risk that we are unable to fulfil our obligations to you or that we make mistakes when processing orders placed by you. When we enter into trades with you and our other clients we take on financial risks because to the extent our clients make a profit, we will make a loss.
The way we manage this risk is by hedging our exposures with third party liquidity providers [either using derivative products [or by taking positions directly in Underlying Financial Assets].
As further described in Section [6 (Our Products)] above, our CFD and Margin FX products are all contracts you enter into with us, and therefore you are exposed to us as a counterparty.
We take the opposite side of all trades entered into with us by our clients, so therefore you are exposed to the risk that we are unable to fulfil our obligations to you or that we make mistakes when processing orders placed by you. When we enter into trades with you and our other clients we take on financial risks because to the extent our clients make a profit, we will make a loss.
The way we manage this risk is by hedging our exposures with third party liquidity providers [either using derivative products [or by taking positions directly in Underlying Financial Assets].
https://www.mogafx.com/Files/en-US/PDS_MOGA.pdf
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