MOGAFX

MOGAFX Broker Overview

MOGAFX is a forex and CFD brand recorded as operating under the company name Moga International Group LLC. Its record holds four account tiers starting at 1,000 USD, leverage up to 1:500, MetaTrader 4 and MetaTrader 5, and a wide set of regional payment channels across Asia and the Pacific.

One finding qualifies everything that follows. Neither domain recorded for MOGAFX loads any longer. The broker's main website, mogafx.com.au, does not resolve, and neither does mogaforex.com, the brand's second domain. Both have been marked inactive. The trading terms for MOGAFX are therefore the last known ones, and they cannot currently be confirmed against the brand's own pages.

MOGAFX Regulation and License

The MOGAFX record carries three regulatory claims: licence number 501156 attributed to the Australian Securities and Investments Commission, registration number 1002414 in New Zealand, and number 532LLC2020 attributed to a Financial Services Commission. None of the three has been confirmed by WIKILIX on the issuing authority's own register, so each stands as a claim rather than as confirmed regulation.

A separate WIKILIX licence review checks each authority's register against the broker's own regulatory disclosures, and that review decides whether any of the three is in force.

Is MOGAFX Regulated?

Not in any way WIKILIX has confirmed. MOGAFX's record names three authorities and three numbers, and none has been verified against the issuing register. That leaves the brand's regulatory standing unestablished rather than either confirmed or disproved, and an unverified claim gives a client none of the protections an in force licence is meant to carry.

Is MOGAFX Safe?

Nothing on the current record supports an answer in MOGAFX's favour. No licence claim has been confirmed, no incorporation has been verified for Moga International Group LLC, the company named as the operator, and both domains recorded for the brand have stopped resolving. In practical terms that means there is no published site at which a client can sign in, read current terms, or reach the operator through the channels this record holds.

Confirmed regulation would not by itself settle the question, and fraud is a separate matter. That assessment is made separately and published in its own place on this page.

MOGAFX Account Types

Four tiers are recorded, all at the same maximum leverage of 1:500 and none carrying a recorded commission:

• Standard, from 1,000 USD
• RAW, from 10,000 USD
• VIP, from 10,000 USD
• ECN, from 50,000 USD

No spread figure is recorded for any of the four, so what it costs to trade each tier cannot be stated. The step from the entry tier to the ECN tier is a fifty fold increase in committed capital.

MOGAFX Trading Platforms

MetaTrader 4 and MetaTrader 5 are the platforms on the MOGAFX record, both listed for desktop and mobile. No download address is recorded for either, and with the brand's domains no longer resolving there is no current page from which a build could be obtained.

MOGAFX Deposits and Withdrawals

Eleven funding channels are recorded, weighted heavily toward Asian and Pacific rails: bank wire transfer, China Union Pay for mainland China, Visa and Mastercard, Bitcoin, and the e-wallets AsiaPay, Dragonpay, FasaPay, Neteller, PayTrust, Perfect Money and Skrill. Card deposits are recorded from 25 USD and bank wire from 100 USD, with a recorded minimum withdrawal of 50 USD on most channels.

One explicit charge is recorded, a 30 USD fee on bank wire withdrawals, with every other channel recorded at no fee. Neteller and Skrill are recorded as unavailable to clients in Europe, and bank wire as unavailable in mainland China. As with the trading terms, none of this can be re-checked while the brand's domains do not resolve.

MOGAFX Support

The contact details on record are an Australian telephone number, +61 489 925 130, and the email address service@mogafxglobal.com, with live chat during business hours and English as the only supported language. A Sydney address is recorded for the brand at 2 level/11, 10 Bridge St, Sydney NSW 2000, Australia. Live chat and any client portal ran on the brand's websites, which no longer load.

MOGAFX Pros and Cons

In MOGAFX's favour, on the record as it stands: both MetaTrader platforms, broad regional deposit coverage including local rails for mainland China, the Philippines and Indonesia, and no recorded commission on any tier.

Against it: no confirmed licence, no verified operating company, a 1,000 USD minimum on the entry tier, no recorded spreads for any account, and no website that currently resolves.

MOGAFX Review and Assessment

MOGAFX presents as a multi tier forex and CFD brand on MetaTrader with broad regional payment coverage, and its record reads that way. What the record cannot show is a working business behind it: both domains held for the brand have stopped resolving, no licence claim has been confirmed, and no operating company has been verified. The terms recorded above describe a brand whose published addresses no longer answer, and that is the fact against which every figure on this page should be read.