Global Forex Broker Regulatory Inquiry APP


6.56 /10



2-5 years

Regulated in Australia

Straight Through Processing(STP)

MT4/5 full license

Global Business


Add brokers


Quantity 35


Open Account


License Index 7.52
Business Index 6.22
Risk Management Index 0.00
Software Index 8.26
Regulatory Index 7.49
Open Account
  • The claim standard per customer is 2000 dollars

    IAP · Legal aid B


VPS Standard
No restriction on the broker account. Support service provided by WikiFX

Single Core



open now

Contact number


+61 291890220


+61 291379799

Broker Information


Company Name

Moga International Group LLC

Company Abbreviation


Platform registered country and region


Company website

Pyramid scheme complaint


Check whenever you want

Download App for complete information

WikiFX Verification

MOGAFX · Benchmark
Average transaction speed(ms)
384.7 Good
The highest transaction speed(ms)
62 Great
The highest speed of opening positions(ms)
110 Great
The highest speed of closing position(ms)
62 Great
The lowest speed of opening positions(ms)
1984 Poor
The lowest speed of closing position(ms)
1997 Poor
Ranking: 40 / 121
Test user 197
Transactions 6,870
Ocuppied margin $1,719,762 USD
Data Source WikiFX Data provide
Updated: 2023-05-26 01:05:00
Pyramid scheme complaint
    MOGAFX · Company summary

    Risk Warning

    Online trading involves significant risk, and you may lose all of your invested capital. It is not suitable for all traders or investors. Please ensure that you understand the risks involved and note that the information contained in this article is for general information purposes only.

    General Information

    MOGAFX Review Summary in 10 Points
    Founded 2018
    Registered Country/Region Australia
    Regulation ASIC/FSPR (General Registration)
    Market Instruments Forex, commodities, indices
    Demo Account Available
    Leverage 1:500
    EUR/USD Spread From 2.5 pips (Standard)
    Trading Platforms MT4, MT5, cTrader
    Minimum deposit $1,000
    Customer Support 24/7 live chat, phone, email

    What is MOGAFX?

    MogaFX is a multi-asset broker, offers its clients access to a wide selection of 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. The broker also provides a range of trading platforms (MT4, MT5, cTrader) and tools, as well as education materials for traders of different levels.

    MOGAFX's home page

    In the following article, we will analyze the characteristics of this broker from various aspects, providing you with simple and organized information. If you are interested, please read on. At the end of the article, we will also briefly make a conclusion so that you can understand the broker's characteristics at a glance.

    Pros & Cons

    MOGAFX is a regulated broker offering various account types, trading platforms, and trading tools to its clients. The broker has competitive spreads and flexible leverage options. The availability of multiple deposit and withdrawal methods is also a plus.

    However, the limited range of trading assets compared to other brokers may be a drawback for some traders. Additionally, some users have reported issues with withdrawals, which is a concern.

    Pros Cons
    • Licensed by ASIC and FSPR • Limited product portfolios
    • Negative Balance Protection • Withdrawal issues reported by some users
    • Segregated client trust accounts • High minimum deposit requirement
    • Multiple account types available
    • Demo accounts available
    • Flexible leverage options
    • Both MT4 & MT5 supported
    • Multiple payment methods
    • 24/7 customer support
    • Rich educational resources

    MOGAFX Alternative Brokers

      There are many alternative brokers to MOGAFX depending on the specific needs and preferences of the trader. Some popular options include:

      • XTB - a reputable forex and CFD broker with a user-friendly platform, advanced research tools, and competitive pricing.

      • FBS - a popular forex broker that offers low-cost trading, a wide range of account types, and excellent customer service.

      • Forex Club - a well-established forex broker with a strong reputation for transparency, low trading costs, and a user-friendly platform.

    Ultimately, the best broker for an individual trader will depend on their specific trading style, preferences, and needs.

    Is MOGAFX Safe or Scam?

      Two entities behind this MOGAFX licensed in the following authorities:

      • MOGA INTERNATIONAL GROUP PTY LTD registered Common Financial Service License from Australia Securities & Investment Commission (ASIC), License No. 501156.

      • MOGA INTERNATIONAL GROUP LIMITED registered Financial Service Corporate License from Financial Service Providers Register (FSPR), License No. 1002414.

    MOGAFX also offers Negative Balance Protection and all client funds are held in segregated client trust accounts with top tier banks in accordance with Client Money Laws and Regulations. Based on the above, it appears that MOGAFX is a reliable broker to trade with. However, as with any investment, caution should be exercised, and it is important to conduct your research before making any financial decisions.

    Market Instruments

    It is true that MOGAFX offers a more limited selection of trading assets compared to some other forex brokers. However, it is important to note that they still offer a range of popular assets such as Forex Currencies, Indices, and Commodities, which may be sufficient for many traders.

    Market Instruments


    Demo accounts: The broker provides a demo account with a 30-day risk-free trading period and $100,000 virtual capital, which is a great way for traders to practice their trading strategies and test out the broker's trading conditions before committing to a real account.

    Live accounts: MOGAFX also offers a range of six live account types to cater to different types of traders with varying needs and preferences, 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, which may be suitable for different traders.

    Account Types
    Account Types


    MOGAFX offers flexible leverage of 1:100, 1:200, 1:400, and 1:500 for Standard, VIP, ECN, Raw-spread, and M1 accounts. However, clients on the Swap-free account can only have a maximum leverage of 1:100.

    While leverage can amplify potential profits, it also increases the risk of significant losses. Therefore, it's important for traders to understand the risks involved and use leverage responsibly, especially for beginner traders who should start with lower leverage until they gain more experience.

    Spreads & Commissions

    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. However, the fact that there is no commission charged on any of the accounts is a positive aspect. It is important to note that trading costs can have a significant impact on profits, and traders should carefully consider these costs before opening an account with any broker.

    Below is a comparison table about spreads and commissions charged by different brokers:

    Broker EUR/USD Spread Commission
    MOGAFX 2.5 pips No
    XTB 0.1 pips $3.5 per lot (round trip)
    FBS 0.5 pips No
    Forex Club 0.6 pips No

    Note that the spreads and commissions may vary depending on the account type and trading platform used by each broker. It's always important to check the broker's website for the most up-to-date information.

    Trading Platforms

    MOGAFX provides traders access to the popular MetaTrader 4 (MT4) and MetaTrader 5 (MT5) platforms, as well as the cTrader platform for Desktop and Web. These platforms are available on iOS, Android, and Windows, providing traders with a seamless trading experience across multiple devices. The platforms are user-friendly and equipped with a range of tools and features to help traders analyze the markets, execute trades, and manage their positions effectively.


    Overall, MOGAFX's trading platforms are well-designed, user-friendly, and offer a range of advanced features suitable for both beginner and experienced traders. See the trading platform comparison table below:

    Broker Trading Platforms
    MOGAFX MetaTrader 4, MetaTrader 5, cTrader
    XTB xStation 5, MetaTrader 4
    FBS MetaTrader 4, MetaTrader 5
    Forex Club StartFX, Rumus, Libertex

    Note that some brokers may offer additional platforms, but the above table includes the primary trading platforms offered by each broker.

    Trading Tools

    In addition to the tools built into the provided trading platforms, the broker makes available a selection of useful standalone trading tools to enhance the trading experience for its clients. The broker offers Autochartist, a powerful tool that provides technical analysis and trading signals for a variety of instruments, including forex, indices, and commodities. Additionally, MOGAFX also offers TradingView, a popular platform that provides advanced charting capabilities, as well as access to a global community of traders.

    Moreover, MOGAFX's own platform, MOGA Trade Plus+, offers advanced charting tools, one-click trading, and access to real-time market news and analysis. Finally, the broker offers a unique loyalty program called MOGA Point Reward Mall, which allows traders to earn points that can be redeemed for various rewards, including trading bonuses, gadgets, and other merchandise. Overall, MOGAFX's trading tools and resources provide traders with a comprehensive suite of options to help them make informed trading decisions.

    Deposits & Withdrawals

    MOGAFX accepts deposits and withdrawals via Bank Wire Transfer, Perfect Money, Fasapay, Online Banking in Thailand, Malaysia, Indonesia, Vietnam, Korea, and Philippines, CoinPayments of Bitcoin and Tether, GCPAY, B2B in PAY of Bitcoin and Tether, Sticpay, Skrill and Neteller.

    MOGAFX minimum deposit vs other brokers

    MOGAFX Most other
    Minimum Deposit $1,000 $100

    Some deposits and withdrawals are free, while others may charge some fees. Most deposits are instant, and most withdrawals require 3-5 working days. More details can be found in the below screenshot.

    Deposits 1
    Deposits 2
    Deposits 3
    Withdrawals 1
    Withdrawals 2
    Withdrawals 3

    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 phone, email, and live chat. They also have an FAQ section on their website, which is helpful for answering common questions. The customer service representatives are generally knowledgeable and respond quickly to queries. The broker also offers support in multiple languages, making it easy for traders from different parts of the world to get assistance.

    Customer Service

    Overall, MOGAFX's customer service is considered reliable and responsive, with various options available for traders to seek assistance.

    Pros Cons
    • 24/7 live chat support available • No social media support for customer service
    • Multiple languages supported for customer service • Reports of slow response time and difficulty withdrawing
    • Quick response time for customer inquiries
    • FAQ section available for self-help
    • Personalized support provided for each client

    Note: The information provided in this table is based on online research and user feedback, and may not be exhaustive or representative of all experiences.


    MOGAFX offers a variety of educational resources for traders of different skill levels. The broker provides a blog section that covers a wide range of topics related to trading, including market analysis, trading strategies, and industry news. The Account Opening Guide and Trading Guide can help beginners understand the process of opening an account and how to trade different financial instruments.

    Additionally, the broker offers an economic calendar that displays important events and data releases that may impact the financial markets. Traders can also access a glossary that provides explanations of common trading terms and concepts. These resources can be useful for both novice and experienced traders who want to improve their knowledge and skills in the financial markets.


    User Exposure on WikiFX

    Based on the information provided on their website, MOGAFX seems to be a legitimate forex broker with proper licenses. However, it is important to note that some users have reported issues with withdrawals.

    It is always recommended to exercise caution and do thorough research before investing with any broker. It is also recommended to check our platform and other reliable sources for information and reviews about the broker before making any decisions. If you encounter any issues with MOGAFX or any other broker, please report it to the relevant authorities and let us know in the Exposure section so that our team of experts can investigate and provide assistance if possible.

    User Exposure on WikiFX


    As a whole, MOGAFX appears to be a reliable broker with a range of account types and trading platforms to suit different traders' needs. They offer a good range of trading tools and educational resources, and their customer service is available 24/7.

    However, it is concerning to see reports of issues with withdrawals from some users, and their product offering is somewhat limited compared to other brokers. Traders should exercise caution and do their own research before deciding to invest with MOGAFX.

    Frequently Asked Questions (FAQs)

    Q 1: Is MOGAFX regulated?
    A 1: MOGAFX holds general registered licenses of Australia Securities & Investment Commission (ASIC) and Financial Service Providers Register (FSPR).
    Q 2: Does MOGAFX offer demo accounts?
    A 2: Yes.
    Q 3: Does MOGAFX offer the industry-standard MT4 & MT5?
    A 3: Yes. It supports MT4, MT5 and cTrader.
    Q 4: What is the minimum deposit for MOGAFX?
    A 4: The minimum initial deposit to open an account is $1,000.
    Q 5: Is MOGAFX a good broker for beginners?
    A 5: No. It is not a good choice for beginners. Thought it advertises very well, there are too many negative reviews complaining the withdrawal issue.


    MOGA Winter Cashback Giveaway, Double Profits with Double Promotions

    NewsMOGA Winter Cashback Giveaway, Double Profits with Double Promotions

    2022-10-13 08:56

    MOGA is launching a series of bonuses to invite all traders to join and have fun.

    2022-10-13 08:56
    MOGA Winter Cashback Giveaway, Double Profits with Double Promotions
    Select Country/District
    United States
    ※ The content of this website abides with local laws and regulations.
    You are visiting the WikiFX website. WikiFX Internet and its mobile products are an enterprise information searching tool for global users. When using WikiFX products, users should consciously abide by the relevant laws and regulations of the country and region where they are located.
    consumer hotline:006531290538
    Mobile Phone Number:234 706 777 7762;61 449895363
    Telegram:+60 103342306
    Whatsapp:+852-6613 1970;+44-7517747077
    License or other information error corrections, please send the information