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 isnít 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, Iíll discuss whether this broker is reliable or not. So far, I found this much:

ďMogaFX is based in an offshore area and has very suspicious trading conditions. It would be unsafe to trade with them. Please avoid them.