MogaFX has a licence to operate but is based in an offshore region. The trading conditions of MogaFX seem very suspicious as well. You see, having a license isn’t enough to gain the trust of traders. There are plenty of other things you should look out for while looking for a broker.
In my MogaFX review, I’ll discuss whether this broker is reliable or not. So far, I found this much:
“MogaFX is based in an offshore area and has very suspicious trading conditions. It would be unsafe to trade with them. Please avoid them.