Note: Regrettably, the official website of MOKFX Global, namely https://myforexp2p.com/, is currently experiencing functionality issues. Consequently, it is proving to be quite a challenge to obtain specific and precise details about the broker from their own website. As a result, we have had to rely on existing online sources to offer a general overview of MOKFX Global and its activities.
What is MOKFX Global？
MOKFX Global is an international investment company based in United States that offers traders access to financial markets and a range of trading instruments. However, reports of the platform being inaccessible and difficulties with withdrawals have also been documented, raising concerns about the reliability of the trading platform.
In the forthcoming article, we will comprehensively assess and scrutinize the attributes of the broker from various angles, providing you with concise and well-organized insights. We urge you to read on if you are interested. Lastly, we will offer a concise summary of the broker's traits towards the end of the article for your convenience.
Pros & Cons
Pros:
- MT4 support: MOKFX Global supports the popular trading platform MT4, which offers a wide range of features and tools for trading.
Cons:
- Unavailable website: The fact that the official website is inaccessible raises concerns about the reliability and transparency of MOKFX Global.
- Risk of clone NFA regulation: The claim of being regulated by the United States NFA is suspected to be a clone, potentially indicating fraudulent activity or lack of proper regulation.
- Limited communication channels: The broker's limited communication channels can make it difficult to reach customer support or address any concerns or issues.
Is MOKFX Global Safe or Scam？
There are suspicions regarding the authenticity of MOKFX Global's claim to be regulated by the United States NFA (license number: 0543998).
Moreover, the fact that their official website is inaccessible raises concerns about the reliability of their trading platform. These factors contribute to a higher level of risk associated with investing in MOKFX Global.
If you are considering investing with MOKFX Global, it is crucial to conduct thorough research and carefully evaluate the potential risks compared to the potential rewards before making any final decisions. In general, it is advisable to select brokers that are properly regulated to ensure the safety of your funds.
Market Instruments
MOKFX Global provides users with various trading instruments across different asset classes. These instruments include forex pairs, commodities, and financial contracts.
Forex pairs refer to the exchange of one currency for another, with MOKFX Global offering a wide range of currency pairs to trade, including major currency pairs, exotics, and crosses.
Commodities are physical or digital goods that can be traded, such as gold, silver, oil, and agricultural products.
Financial contracts are derivative products that allow users to speculate on the price movements of underlying assets, including indices, stocks, and cryptocurrencies.
Leverage
MOKFX Global offers a maximum leverage of 1:200 to its traders. Leverage refers to borrowed funds provided by a broker, allowing traders to control larger positions in the market with a smaller initial investment. It enables traders to potentially amplify their profits as smaller market movements can have a larger impact on their account balance. However, it is important to note that while high leverage can lead to higher returns, it also carries significant risks.
Using high leverage means that even small price fluctuations can result in substantial gains or losses. Therefore, it is crucial for traders to approach leverage with caution and carefully consider their risk tolerance and trading strategies. It is recommended that individuals assess their financial situation and trading experience before deciding on an appropriate leverage level.
Trading Platform
MOKFX Global provides traders with the widely used trading platform, MT4 (MetaTrader 4). MT4 is a robust and user-friendly platform that offers advanced charting tools, technical analysis indicators, and algorithmic trading capabilities. It is a popular choice among traders of all experience levels due to its flexibility and customizable interface. Traders can benefit from the platform's capabilities for automated trading through the use of Expert Advisors (EAs).
User Exposure on WikiFX
Please be aware that there have been reports on our website regarding issues such as difficulty with withdrawals, potential scams, and significant slippage. We strongly advise traders to thoroughly examine the available information and carefully consider the risks associated with trading on an unregulated platform. We encourage you to visit our platform to gather more information before making any trading decisions. If you have come across any fraudulent brokers or have personally experienced such instances, we kindly request that you notify us in the Exposure section. We greatly appreciate your cooperation, and our team of experts will make every effort to address and resolve any problems you may have encountered.
Customer Service
Customers can visit their office or get in touch with customer service line using the information provided below:
Telephone: +1 562514 0053, +852 6464 5928
Conclusion
In conclusion, MOKFX Global is an investment company that offers online financial services for traders. While they claim to be authorized and regulated by NFA , there are suspicions that this claim is a clone or not legitimate. These factors contribute to a higher level of risk associated with investing with MOKFX Global. It is important for potential investors to conduct thorough research and carefully consider the potential risks before deciding to invest with this company. It is generally recommended to choose brokers that are well-regulated to ensure the safety of funds.
Frequently Asked Questions (FAQs)
Risk Warning
Online trading involves significant risk, and you may lose all of your invested capital. It is not suitable for all traders or investors. Please ensure that you understand the risks involved and note that the information provided in this review may be subject to change due to the constant updating of the company's services and policies.
In addition, the date on which this review was generated may also be an important factor to consider, as information may have changed since then. Therefore, readers are advised to always verify updated information directly with the company before making any decision or taking any action. Responsibility for the use of the information provided in this review rests solely with the reader.
2022-12-29 18:34
2022-12-07 11:05
