MogaFX

Accepts traders from United States!

MogaFX is a multi-asset broker regulated in Australia and St Vincent and the Grenadines. The broker offers leverage up to 1:500 on the MetaTrader 4 (MT4) and MetaTrader 5 (MT5) platforms. The 6 account types are mainly aimed at experienced traders, with minimum deposits starting from $1000.

Instruments:

CFDs, Forex, Indices, Commodities, Cryptos

Demo Accounts:

✔

MetaTrader 4:

✔

MetaTrader 5:

✔

cTrader:

✘

STP Account:

✘

ECN Account:

✔

DMA Account:

✘

Margin Trading:

✔

Social Trading:

✘

Copy Trading:

✔

Islamic Account:

✘

Min. Deposit	$1000
Min. Trade	0.01 Lots
Regulated By	ASIC, SVGFSA
Mobile Apps	Android
Currencies	USD, EUR, GBP, AUD

CFD

MogaFX offers a very narrow line-up of assets, covering only 50+ CFDs. However, it is good to see a strong range of trading tools alongside the MetaTrader terminals, including Autochartist analysis, an economic calendar and a forex heatmap powered by TradingView.

FTSE Spread	From 2.5 Pips (Standard)
GBPUSD Spread	From 2.5 Pips (Standard)
Oil Spread	From 2.5 Pips (Standard)
Stocks Spread	NA
Leverage	1:500

Forex

I found the broker’s 35+ currency pairs a little underwhelming, though not the smallest range I have seen. Raw spreads from 0.0 pips are accessible, but only with a minimum deposit of $10000. Otherwise, a minimum deposit of $1000 will only get you disappointingly wide spreads from 2.5 pips. That said, experienced traders will appreciate the high leverage up to 1:500.

GBPUSD Spread	2.8 Pips (Standard)
EURGBP Spread	2.9 Pips (Standard)
EURUSD Spread	2.6 Pips (Standard)
Assets	38

Cryptos

MogaFX only offers a handful of crypto assets but it’s good to see that Bitcoin deposits and withdrawals are permitted with fast processing times. On the negative side, anyone looking to practise their crypto strategies in the demo will only be able to do so for 30 days.

Coins	BTC, ETH, LTC
Spread	From 2.5 Pips (Standard)