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MOTFX -

Score

2.19 /10
Danger

MOTFX

Mongolia

2-5 years

Suspicious Regulatory License

MT5 Full License

High potential risk

https://www.motforex.com

Influence

B

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Comparison

Quantity 1

Exposure

Open Account
Website

Score

Regulatory Index0.00

Business Index5.73

Risk Management Index0.00

Software Index9.65

License Index0.00

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Website

Licenses

No valid regulatory information, please be aware of the risk

VPS Standard
No restriction on the broker account. Support service provided by WikiFX

Single Core

1G

40G

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Broker Information

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Company Name

MOT Forex Limited Liability Company

Company Abbreviation

MOTFX

Platform registered country and region

Mongolia

Company website

Facebook

Instagram

YouTube

Linkedin

Company summary

Pyramid scheme complaint

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Warning: Low score, please stay away!
Previous Detection : 2025-07-01
  • It has been verified that this broker currently has no valid regulation. Please be aware of the risk!

WikiFX Verification

Exposure

1 pieces of exposure in total
Pyramid scheme complaint
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MOTFX · Company summary
MOTFXReview Summary
Registered On2022-11-25
Registered Country/RegionMongolia
RegulationUnregulated
Market InstrumentsForex, Commodities, Indices, Cryptocurrencies, and Shares
Demo Account✅
LeverageUp to 1:1000
SpreadFrom 0.0 pips
Trading PlatformMT5, cTrader (Desktop, Mobile)
Min Deposit$25
ICustomer Support+976-7222 2200
support@motforex.com
Online Chat
Instagram, Facebook, YouTube, Telegram, LinkedIn
Location: MOT Forex Limited Liability Company is located at Suite 609, The Minister Tower, 1st Khoroo, Sukhbaatar District, Ulaanbaatar, Mongolia.

MOTFX Information

MOTFX is an Asian forex broker with over 100,000 active traders in more than 100 countries. Relying on top international banking systems and clearing institutions, the platform offers over 500 trading products to global clients, including forex, indices, commodities, shares, and cryptocurrencies. It also supports two major trading platforms, MetaTrader 5 and cTrader, catering to multi-device access across desktop, mobile, and web terminals.

MOTFX

Pros and Cons

Pros Cons
Spread as low as 0 pipsUnregulated
MT5 availableIncomplete deposit and withdrawal fee information
Leverage up to 1:1000
Bonus activities

Is MOTFX Legit?

MOTFX is unregulated, and regulatory qualification is an important criterion for measuring a platform's reliability.

unregulated
unregulated

What Can I Trade on MOTFX?

Tradable Instruments Supported
Forex✔
Commodities✔
Indices✔
Cryptocurrencies✔
Shares✔
ETFs❌
Bonds❌
Mutual Funds❌
Instruments

Account Type

MOTFX offers 5 types of trading accounts, including Standard Account, Pro Account, Swap-Free Account, and Zero Spread Account. In addition, there is a Demo Account suitable for beginners.

Account Type StandardProSwap FreeZero Spread
Min. Deposit$25$25$100$100
SpreadFrom 0.8 pipsFrom 0.0 pipsFrom 2 pipsFrom 0.0 pips
Commission$0.00$3.50 per side$0.00$9 per side
Max. Leverage1:10001:10001:10001:1000
InstrumentsMT5, cTraderMT5, cTraderMT5, cTraderMT5, cTrader
Account

MOTFX Fees

The Zero Spread Account offers the lowest spread of 0 pips, while the Standard Account and Swap-Free Account have 0 commissions. Additionally, there are accounts available with free swap fees.

Leverage

MOTFX provides traders with leverage of up to 1:1000, suitable for traders with a certain level of risk tolerance.

Trading Platform

Trading PlatformSupported Available Devices Suitable for
MT5✔PC, Mobile, WebExperienced Traders
cTrader✔PC, Mobile, Web, MAC/
Platform

Deposit and Withdrawal

Deposit

Supports multiple methods including bank transfer, Visa/Mastercard, cryptocurrency, and international remittance. Funds are credited within 3 minutes, and the platform does not charge any deposit fees.

Withdrawal

  1. 98.9% of withdrawal requests are processed automatically and settled within 24 hours. Cryptocurrency withdrawals are even faster.
Deposit

Copy Trading

MOTFX's trading platform supports the Copy Trading function, which is suitable for novices who lack trading experience or time.

Bonus

100% Deposit Bonus 3.0

Open an MT5 Pro/Standard/Swing account and make a single deposit of $50 or more to receive a bonus equal to the deposit amount (up to $2,500 per transaction).

Trade Lots for Rewards

Register and open a designated account. Trade XAUUSD, major and minor currency pairs before December 31, 2025, and complete the trading volume to get a chance to win a Samsung Flip/Fold phone.

Deposit Bonus

User Reviews

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User comment

14

Comments

Write a review

FX4050648837
6-12months
Terrible experience with MOT Forex. After several successful trades, they blocked my account with $25,000 in it and disabled my FIX API access without any explanation. I suspect the broker deliberately targets and blocks successful traders. Withdrawing funds is impossible, and their support either ignores requests or gives generic responses. I consider this company unsafe, unreliable, and a potential scam. Avoid them at all costs!
Terrible experience with MOT Forex. After several successful trades, they blocked my account with $25,000 in it and disabled my FIX API access without any explanation. I suspect the broker deliberately targets and blocks successful traders. Withdrawing funds is impossible, and their support either ignores requests or gives generic responses. I consider this company unsafe, unreliable, and a potential scam. Avoid them at all costs!
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2024-11-21 12:46
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A0 Rock 
more than one year
I tested its demo account for over a month before beginning live trading. This is necessary. My profit rate for trading on its demo account is 66.56%. That's why I decided to open a real one. Now, I've been trading on the Standard account for two weeks, and so far, so good.
I tested its demo account for over a month before beginning live trading. This is necessary. My profit rate for trading on its demo account is 66.56%. That's why I decided to open a real one. Now, I've been trading on the Standard account for two weeks, and so far, so good.
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2024-08-05 15:45
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