Company profile
MOTFXReview SummaryRegistered On2022-11-25Registered Country/RegionMongoliaRegulationUnregulatedMarket InstrumentsForex, Commodities, Indices, Cryptocurrencies, and SharesDemo Account✅LeverageUp to 1:1000SpreadFrom 0.0 pipsTrading PlatformMT5, cTrader (Desktop, Mobile)Min Deposit$25ICustomer Support+976-7222 2200support@motforex.comOnline ChatInstagram, Facebook, YouTube, Telegram, LinkedInLocation: 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.Pros and ConsPros Cons Spread as low as 0 pipsUnregulatedMT5 availableIncomplete deposit and withdrawal fee informationLeverage up to 1:1000Bonus activitiesIs MOTFX Legit? MOTFX is unregulated, and regulatory qualification is an important criterion for measuring a platform's reliability.What Can I Trade on MOTFX?Tradable Instruments Supported Forex✔Commodities✔Indices✔Cryptocurrencies✔Shares✔ETFs❌Bonds❌Mutual Funds❌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 SpreadMin. Deposit$25$25$100$100SpreadFrom 0.8 pipsFrom 0.0 pipsFrom 2 pipsFrom 0.0 pipsCommission$0.00$3.50 per side$0.00$9 per sideMax. Leverage1:10001:10001:10001:1000InstrumentsMT5, cTraderMT5, cTraderMT5, cTraderMT5, cTraderMOTFX 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 PlatformTrading PlatformSupported Available Devices Suitable for MT5✔PC, Mobile, WebExperienced TraderscTrader✔PC, Mobile, Web, MAC/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. Withdrawal98.9% of withdrawal requests are processed automatically and settled within 24 hours. Cryptocurrency withdrawals are even faster.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.
FX4050648837
Kazakhstan
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!
Exposure
2024-11-21