Moxium foreign exchange brokers specializing in providing foreign exchange trading services, the company's official website https://moxium.co/, about the company's legal and temporary regulatory information, the company's address .
Moxium Forex Broker
Basic Information
United States
2-5 years Suspicious Regulatory License Suspicious Scope of Business High potential riskCompany profile
Rating Index
Moxium Forex Broker - Comprehensive Information Guide
1. Broker Overview
Moxium is an online trading broker that has emerged in recent years, specifically established in 2022. The company operates under the domain moxium.co and is based in China. Moxium is a private entity and does not appear to be publicly listed. The broker primarily services retail clients looking to engage in forex, CFDs, and cryptocurrency trading.
Despite its relatively short history, Moxium has positioned itself as a player in the online trading market, attracting clients with promises of lucrative trading opportunities. However, the company lacks transparency regarding its ownership and operational structure. There are no public disclosures about its parent company or any significant milestones in its development.
Moxium operates as a retail forex broker, offering various trading instruments and account types designed to cater to different trading styles and capital levels. The lack of comprehensive regulatory oversight and the anonymity surrounding its operational practices raise concerns about the legitimacy and trustworthiness of the Moxium broker.
2. Regulatory and Compliance Information
Moxium operates without any regulatory oversight, which is a significant red flag for potential investors. The broker has no affiliation with major regulatory bodies such as the Financial Conduct Authority (FCA), Commodity Futures Trading Commission (CFTC), or any other recognized financial authority. This absence of regulation means that Moxium does not provide a regulatory license number or any details about the scope of its operations.
The lack of a regulatory framework raises serious concerns about client fund safety, as there are no policies in place for the segregation of client funds or participation in investor compensation schemes. The absence of KYC (Know Your Customer) and AML (Anti-Money Laundering) compliance measures further exacerbates the risks associated with trading through Moxium.
In summary, the Moxium broker is unregulated, which significantly increases the risk of fraud and financial loss for its clients. Potential investors should be wary of engaging with brokers that lack proper regulatory oversight and transparency.
3. Trading Products and Services
Moxium offers a range of trading products that include:
- Forex Trading: The broker provides access to a limited selection of currency pairs, though specific details about the number of available pairs were not disclosed.
- CFDs: Moxium allows trading on various contracts for difference, including indices, commodities, stocks, and cryptocurrencies.
- Cryptocurrency Trading: The platform supports trading in popular cryptocurrencies, although the exact offerings are not specified.
The broker's product catalog appears to be somewhat limited compared to more established competitors in the market, and there is no indication of the frequency of product updates or the introduction of new trading instruments.
Moxium claims to provide retail trading services, but details regarding institutional services, white-label solutions, or asset management services were not mentioned. This lack of information may indicate a narrower focus primarily on retail clients.
4. Trading Platform and Technology
Moxium utilizes a web-based trading platform that is described as basic and lacking the advanced functionalities found in industry-standard platforms like MetaTrader 4 (MT4) and MetaTrader 5 (MT5). The broker does not support these widely used platforms, which are favored for their robust features, including automated trading capabilities and advanced charting tools.
The web-based platform offers essential features such as order placement, chart customization, and the application of technical indicators. However, it falls short in providing the comprehensive tools and user experience that traders expect from reputable brokers.
Mobile trading options are not explicitly mentioned, which may limit accessibility for traders who prefer to trade on the go. Additionally, there is no information provided about the execution model used by Moxium, whether it operates on an ECN, STP, or Market Making basis.
5. Account Types and Trading Conditions
Moxium offers several account types, each with varying minimum deposit requirements:
- Basic Account: Minimum deposit of $10,000
- Silver Account: Minimum deposit of $25,000
- Gold Account: Minimum deposit of $50,000
- Platinum Account: Minimum deposit of $100,000
- Diamond Account: Minimum deposit of $200,000
The trading conditions across these accounts include a low spread starting from 0.1 pips. However, Moxium does not disclose any commission structures, which raises concerns about hidden fees.
The broker claims to offer leverage ranging from 1:50 to 1:500, but such high leverage can significantly increase the risk of substantial losses, especially for inexperienced traders. The minimum trading lot size and overnight fees were not specified, leaving potential traders without critical information needed to make informed decisions.
6. Fund Management
Moxium supports various deposit methods, including:
- Bank Wire Transfers
- Credit/Debit Cards
- Electronic Wallets
The minimum deposit requirement varies depending on the account type, with the basic account necessitating a significant initial investment of $10,000.
Details regarding the processing times for deposits and withdrawals were not provided, which can be a cause for concern. Furthermore, there is no information about withdrawal methods, restrictions, or any associated fees, making it difficult for clients to understand how they can access their funds once deposited.
7. Customer Support and Educational Resources
Customer support for Moxium is available through email, with no direct phone number or live chat options provided on their website. The support team can be reached at support@moxium.co, but the absence of more immediate communication channels may hinder timely assistance for clients.
There is no indication of multi-language support, which could be a limitation for non-English speaking clients. Educational resources, such as webinars, tutorials, or market analysis services, are not mentioned, suggesting a lack of support for traders looking to enhance their knowledge and skills.
8. Regional Coverage and Restrictions
Moxium primarily targets clients in China and potentially other regions, but specific details about its market reach or regional offices are not disclosed. The broker does not provide a list of countries or regions from which it does not accept clients, which could pose risks for traders in certain jurisdictions.
In conclusion, while Moxium presents itself as a trading platform with various offerings, the lack of regulation, transparency, and comprehensive support raises significant concerns. Potential investors should exercise caution and conduct thorough research before engaging with the Moxium broker.
ゞ→唯ㄨ﹎
South Africa
The threshold is very unfriendly to beginners. Who would deposit $10,000 to a broker who doesn't even have a legitimate license? Trading is risky, be careful!
37130
2023-02-08