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Mocaz

Saint Vincent and the Grenadines|5-10 years|
Suspicious Regulatory License|MT4/5 full license|Regional Brokers|High potential risk|

https://mocaz.com/

Website

Rating Index

MT4/5 Identification

MT4/5 Identification

Full License

2
Server Name
MocazFinancial-Demo MT4
Server Location Singapore

Contact

support@mocaz.com
https://mocaz.com/
https://www.facebook.com/realtradercomm/
https://twitter.com/realtradercomm

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

Disclosure

Danger

MY SCM
2020-01-01

Broker Information

More

Company Name

Mocaz Financial Markets Limited

Company Abbreviation

Mocaz

Platform registered country and region

Saint Vincent and the Grenadines

Company website
Twitter
Facebook

Pyramid scheme complaint

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Warning: Low score, please stay away!
Previous Detection : 2024-03-19
  • It has been verified that this broker currently has no valid regulation. Please be aware of the risk!

WikiFX Verification

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Mocaz · Company Summary

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.

User Reviews

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阳阳阳
more than one year
My friend told me before that the companies registered in Saint Vincent and the Grenadines are not reliable. Now I find out that what he said was true, but I paid the price for it too. I can't open my website at Mocaz, let alone withdraw money. I wish I could realize the correctness of what he said earlier.
2023-03-20 18:23
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