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MogaFX

Tradomatix TrustScore™:

2.40

(37 Reviews)

5-star

24.32%

4-star

16.22%

3-star

0.00%

2-star

0.00%

1-star

59.46%

About MogaFX

MogaFX is an ASIC-regulated international broker offering multi-asset access on MetaTrader 4 (MT4), MetaTrader 5 (MT5), and cTrader. The product set covers CFDs and stocks, with four available forex pairs. Trading features include variable spreads with zero commission, STP and ECN execution models, and leverage up to 1:500. Accounts support USD, GBP, EUR, and AUD, with a $100 minimum deposit, a demo environment, and a swap-free option. Strategy flexibility includes hedging and scalping, and order sizes range from 0.01 to 50 lots. Mobile trading is available, while web-based trading is not. Funding methods include bank wire, credit cards, PayPal, Perfect Money, UnionPay, Sticpay, and USDT. MT4 and MT5 availability enables use of platform-native expert advisors. Client support is available 24 hours, complemented by educational resources.

Regulation & Security

MogaFX is regulated by the Australian Securities and Investments Commission (ASIC).

Account and Setup

Minimum deposit is $100. Accounts can be held in USD, GBP, EUR, or AUD. A demo environment is available, and a swap-free option is offered. Platforms include MT4, MT5, and cTrader. Mobile trading is supported; a web-based trading interface is not provided.

Funding Options

Funding options include bank wire transfer, credit card, PayPal, Perfect Money, UnionPay, Sticpay, and USDT.

Bot & API Compatibility

MT4 and MT5 are available for deploying expert advisors, with hedging and scalping permitted. Position sizing ranges from 0.01 to 50 lots, and leverage is available up to 1:500. Spreads are variable. A public trading API is not offered.

Trading Conditions& Restrictions

Execution is available via STP and ECN. Leverage is up to 1:500 with variable spreads and zero commission. Hedging and scalping are allowed. Instruments include CFDs and stocks, with four tradable forex pairs. Minimum and maximum order sizes are 0.01 and 50 lots, respectively. OCO orders are not supported.

MogaFX Reviews

( 37 )

MogaFX Reviews

( 37 )

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