Search

MOKS Forex Broker provides real users with * positive reviews, * neutral reviews and 1 exposure review!

MOKS Broker Review

1.53

WikiFX monitor

Business

Influence E

License

FCA Suspicious Clone

MOKS Review 1

Latest All(1) Exposure(1)
Exposure
By utilizing the fake MT4 data, the teacher of MOKS gave adverse recommendation.

By utilizing the fake MT4 data, the teacher of MOKS gave adverse recommendation.

FX1566707380
2020-01-11

  

Moks 2025 Review: Everything You Need to Know

  Moks, a forex broker operating under the name Mok Glory International Limited, has garnered significant attention in the trading community. However, the overall sentiment surrounding this broker is decidedly negative, with numerous reports highlighting potential risks and concerns about its legitimacy. Key findings indicate that Moks lacks proper regulation and has received low trust scores across various review platforms, raising red flags for potential investors.

  Note: It's essential to recognize that Moks operates under different entities in various regions, which can significantly affect its regulatory status and user experience. This review aims to present a fair and accurate assessment based on available data.

  

Rating Summary

Category Rating (out of 10)
Account Conditions 3
Tools and Resources 4
Customer Service and Support 2
Trading Setup (Experience) 3
Trustworthiness 1
User Experience 2

  How We Rate Brokers: Our ratings are based on comprehensive research, user feedback, and expert analysis of the broker's offerings.

  

Broker Overview

  Moks, established under the name Mok Glory International Limited, has been operational for approximately 5 to 10 years. The broker offers trading on the MetaTrader 4 platform, which is widely recognized in the trading community. However, it has been flagged for not being regulated by any major financial authority, leading to concerns about its legitimacy. The broker primarily targets the Chinese market, which may limit its appeal to a broader audience.

  

Detailed Review

  Regulatory Status:

  Moks is not regulated by any recognized financial authority, which poses significant risks for traders. According to WikiFX, the broker has been flagged with a regulatory index of 0.00, indicating a lack of oversight. This absence of regulation is a major concern, as it leaves traders without protection should issues arise.

  Deposit/Withdrawal Currency/Cryptocurrency:

  There is limited information available regarding the currencies supported for deposits and withdrawals. However, the lack of transparency in this area further fuels concerns about the broker's reliability.

  Minimum Deposit:

  Moks does not clearly specify a minimum deposit requirement, which can be a tactic used to attract new traders. This ambiguity can lead to confusion and potential financial loss for inexperienced traders.

  Bonuses/Promotions:

  There are no significant bonuses or promotions highlighted in the reviews, which may be indicative of a lack of competitive offerings compared to other brokers.

  Tradable Asset Classes:

  Moks offers a limited range of trading instruments, primarily focusing on forex pairs. The absence of other asset classes such as commodities or indices may deter traders looking for a diversified portfolio.

  Costs (Spreads, Fees, Commissions):

  Details regarding spreads and commissions are scarce, but the overall lack of transparency in pricing structures is a concerning trend noted in various reviews. Traders should be wary of hidden fees that could erode their profits.

  Leverage:

  The leverage options provided by Moks are not clearly outlined in the available reviews. This can be problematic for traders who rely on leverage to amplify their trading positions.

  Allowed Trading Platforms:

  Moks utilizes the MetaTrader 4 platform, which is a standard in the industry. However, the lack of advanced trading tools or features may limit the trading experience for more sophisticated traders.

  Restricted Regions:

  Moks appears to primarily target the Chinese market, which may limit its availability and functionality in other regions. Traders outside of this jurisdiction may find it challenging to engage with the broker effectively.

  Available Customer Service Languages:

  Customer service options are limited, with no clear contact information provided on the broker's website. This raises concerns about the level of support traders can expect, particularly in times of need.

  

Rating Summary Revisited

Category Rating (out of 10)
Account Conditions 3
Tools and Resources 4
Customer Service and Support 2
Trading Setup (Experience) 3
Trustworthiness 1
User Experience 2

  

Detailed Breakdown

  Account Conditions:

  The lack of a clear minimum deposit and transparency regarding costs and fees leads to a low rating in this category. Traders are advised to proceed with caution.

  Tools and Resources:

  Moks offers the MetaTrader 4 platform, a widely used trading tool. However, the absence of additional resources or educational materials limits its appeal to novice traders.

  Customer Service and Support:

  Customer service is a significant concern for Moks. The lack of contact information and support options leads to a very low rating.

  Trading Setup (Experience):

  The trading experience on Moks appears to be basic, with limited tools for advanced traders. This could deter more experienced investors from considering this broker.

  Trustworthiness:

  With a regulatory score of 0.00 and numerous complaints about withdrawal issues, Moks is viewed as a high-risk broker. Traders should be cautious and conduct thorough research before engaging.

  User Experience:

  Overall user experience is marred by the lack of transparency, poor customer support, and regulatory concerns. Many reviews indicate dissatisfaction among users, leading to a low rating.

  In conclusion, Moks presents a concerning option for potential traders. The lack of regulation, transparency, and adequate customer support raises significant red flags. Prospective investors should exercise caution and consider alternative brokers with established reputations and regulatory oversight.

MOKS review