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Score

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/10

MobaTrade

United Kingdom|1-2 years|
Suspicious Scope of Business|High potential risk|

https://www.mobatrade.com/

Website

Rating Index

Contact

+44 2030052931
https://www.mobatrade.com/
1 Cabot Square, London E14 4QJ, United Kingdom

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

Open Now

Contact number

English

+44 2030052931

Broker Information

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Company Name

MobaTrade

Company Abbreviation

MobaTrade

Platform registered country and region

United Kingdom

Company website

Pyramid scheme complaint

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Warning: Low score, please stay away! 2
Previous Detection : 2024-05-26
  • It has been verified that this broker currently has no valid regulation. Please be aware of the risk!
  • The current information shows that this broker does not have a trading software. Please be aware!

WikiFX Verification

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MobaTrade · Company Summary

NOTE: MobaTrades official site - https://www.mobatrade.com/ is currently not functional. Therefore, we could only gather relevant information from the Internet to present a rough picture of this broker.

MobaTrade Review Summary
Registered Country/Region United Kingdom
Regulation No Regulation
Minimum Deposit EUR 10,000
Customer Support Phone: +442030060914 and +442030052931
Email: support@mobatrade.com

What is MobaTrade?

MobaTrade is a broker based in the United Kingdom. However, a major red flag is that they are not regulated by any financial authority. Additionally, it requires a high minimum deposit of EUR 10,000, which is much higher than what most brokers require. To make things even more suspicious, MobaTrade's official website is currently not working. Therefore, there is limited information about it.

MobaTrade

Pros & Cons

Pros Cons
None
  • Lack of Regulation
  • High Minimum Deposit
  • Non-Functional Website

Cons:

Lack of Regulation: MobaTrade operates without regulatory oversight, leaving clients vulnerable to potential unfair practices and putting their funds at risk.

High Minimum Deposit: The minimum deposit requirement of EUR 10,000 set by MobaTrade significantly exceeds industry norms. By requiring a large initial investment, they could target inexperienced investors with more money to lose.

Non-Functional Website: The current unavailability of MobaTrade's official website is a cause for concern. A brokerage's website serves as a vital platform for clients to access essential information, execute trades, and manage their accounts. The inability to access the website casts doubt on the transparency and legitimacy of the broker.

Is MobaTrade Legit?

MobaTrade raises several red flags that cast serious doubt on its legitimacy. The biggest red flag is the lack of regulation by any financial authority. Reputable brokers operate under regulations that ensure fair trading practices and protect your funds. Without oversight, MobaTrade could manipulate prices, misuse your money, or make it difficult to resolve any issues. Additionally, the minimum deposit of EUR 10,000 and the non-functional website also increase risks associated with it.

No license

Account Types

MobaTrade offers a range of account types tailored to different levels of investors, each with its own minimum deposit requirement.

The Bronze Account, with a minimum deposit of EUR 10,000, serves as the entry-level option, providing access to basic trading features and services. As clients progress, they can opt for higher-tier accounts, such as the Silver Account (EUR 25,000), Gold Account (EUR 50,000), and Platinum Account (EUR 100,000), each offering additional benefits and perks commensurate with the increased deposit amount.

For more seasoned investors seeking enhanced privileges and personalized support, MobaTrade offers premium account options, including the Diamond Account (EUR 250,000), Premium Account (EUR 500,000), and VIP Account (EUR 1,000,000).

Customer Service

MobaTrade offers customer support through phone lines, including the numbers +442030060914 and +442030052931, as well as via email at support@mobatrade.com.

Conclusion

MobaTrade is clearly not a good choice. The complete absence of regulation exposes your funds to risk and unfair practices. Their excessively high EUR 10,000 minimum deposit suggests they might target inexperienced investors, and the non-functional website raises serious doubts about their transparency and legitimacy altogether. We strongly advise you to avoid MobaTrade and choose a well-regulated broker with a transparent website for a secure trading experience.

Frequently Asked Questions (FAQs)

Question: Is MobaTrade regulated?

Answer: No, MobaTrade operates without regulatory oversight.

Question: What is the minimum deposit requirement for MobaTrade?

Answer: The minimum deposit for MobaTrade is EUR 10,000.

Question: Is MobaTrade a good choice to trade with?

Answer: No. The lack of regulation, a EUR 10,000 minimum deposit (much higher than standard), and a non-functional website all increase risks associated with it..

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.

News

FCA WARNED: NOT TO CHOOSE THESE BROKERS

NewsFCA WARNED: NOT TO CHOOSE THESE BROKERS

2023-06-16 14:59

Financial Conduct Authority (FCA) released a list of three unauthorized brokers on 15 June 2023. This list includes MobaTrade, CRYPTO24-ALPHA and Oplo Loans UK LTD.

WikiFX
2023-06-16 14:59
News
FCA WARNED: NOT TO CHOOSE THESE BROKERS

User Reviews

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2

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FX1444032558
more than one year
I found MobaTrade to be a bit disappointing. Firstly, their deposit options are quite limited and not very convenient, which can make it difficult to add funds to my account. Secondly, the withdrawal process is not very smooth and I had trouble understanding their policies around it. Additionally, their customer service was not helpful and their attitude was less than desirable.
2023-03-23 18:20
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0
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令泽
more than one year
The company and my account manager are very professional and solve the issues as soon as possible. Thank you for your support and services, it really helps a lot. Keep up the great work. I will highly recommend it to all traders.
2023-02-21 13:36
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