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https://mocaz.com/
Website
MT4/5 Identification
Full License
No valid regulatory information, please be aware of the risk!
Single Core
1G
40G
Danger
More
Mocaz Financial Markets Limited
Mocaz
Saint Vincent and the Grenadines
Pyramid scheme complaint
Expose
General Information & Regulation
Founded in 2011, Mocaz Financial Markets claims to be a pure STP brokerage offering trading in a number of currency pairs and various CFDs. Behind this brand is Mocaz Financial Markets Limited, a company registered in the St. Vincent and the Grenadines. The company used to be regulated by the New Zealands Financial Markets Authority (FMA), however it revoked its NZ license in in February 2015. The broker then announced it is seeking new jurisdiction to run their business, however, currently it still is unregulated.
Markets Instruments
Mocaz offers over 35 currency pairs, indices, commodities, gold and silver for your personal investment and trading options.
Minimum Deposit
Although Mocaz Financial Markets has set a low minimum initial deposit requirement ($10) , given the fact that this broker does not fall under any regulatory agency, traders are not advised to register real trading accounts here.
Leverage
Mocaz offers high leverage levels, reaching 1:500. Trading with unregulated broker offering so high leverage is not a good option.
Spreads & Commissions
Spreads offered by Mocaz is comparatively high. 2 pips on mini and micro accounts and above 1.5 pips on Premium Standard. The only two account types of Mocaz that offer tight spreads are Standard Pro & ECN, however one has to deposit at least $10 000/$5 000 respectively. Considering that this brokerage is currently not regulated, we would not advise traders to invest large amounts of money with Mocaz Financial Markets.
Trading Platform Available
As most brokers, Mocaz Financial Markets uses the popular MetaTrader 4 platform. In addition, ECN trading account holders are offered Netstation and ClearPro platforms, developed by CFH Clearing (a FCA-regulated prime brokerage and fintech company).
Mocazs NetStation is a web-based workstation utilizing java technology for fast access to streaming financial data, business news and professional charting facilities with true ECN connectivity. It supports multiple internet browsers and languages and is suitable for all types of traders.
Deposit& Withdrawal
Mocaz Financial Markets offers its clients wide range of payment options, including bank wire, credit card, e-wallets Neteller, FasaPay, and PayPal.
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