MobaTrade Review – Is Mobatrade.com A Brazen Forex Scam?

Is MobaTrade an Unregulated Forex Broker?

MobaTrade has the highest level of anonymity. There is only an address in the UK. You will not find any mention of it when you Google the name. We had no idea who owned the brokerage, so we could only check its operation by verifying MobaTrade’s FCA registration.

The Financial Conduct Authority takes its work very seriously. That’s why the FCA is a Tier I licensing provider. The Financial Conduct Authority controls the market and only gives licenses to businesses that are prepared to meet demands, such as maintaining a minimum capital of 730,000 GBP or participating in the Compensation Fund with up to 85,000GBP per account.

MobaTrade on the other side, admits that it is unregulated. Even saying they want to earn your trust by offering services without legal protection. CCA was listed as the authority, but this is fictitious site. This is done to make the scammers appear credible.

The company also offers high-risk leveraged crypto trading, which is strictly prohibited by UK authorities. MobaTrade is not worth your trust.

MobaTrade, an anonymous trading firm allegedly based in the UK, is anonymous. They admit that they do not have any regulations in place for trading.

MobaTrade Trading Assets

MobaTrade offers access to five asset classes:

• Currency pairs: EUR/USD, USD/NOK, USD/ZAR;
• Commodities: gold, palladium, natural gas;
• Indices: NASDAQ, BE20, CAC40;
• Shares: Alibaba, Bank of America, Rolex;
• Cryptocurrencies: BTC, XRP, USDT.

Every day new scam brokers and trading bots appear on the web with only one goal – to steal your money. We have already exposed some of them, for example – UnitForex, Rivobanc, FXTime.

MobaTrade Trading Account Types

MobaTrade offers these kinds of unfavorable accounts:

• Bronze: 10,000 EUR
• Silver: 25,000 EUR
• Gold: 50,000 EUR
• Platinum: 100,000 EUR
• Diamond: 250,000 EUR
• Premium: 500,000 EUR
• VIP: 1,000,000 EUR

These amounts are absurd. Why would you trust a broker who is not regulated with such large amounts of money when you can’t even access their platform?

Although on its home page, the broker assures that it does not require large deposits. You can start with $250. But the trading accounts show quite the opposite.

The investment firm also offers a swap-free Islamic account with possible higher charges due to spreads and commissions.

Accounts also come with perks like VODs and Social Trading, but but there’s nothing about fees. We thought they would be lower as deposits increased, but MobaTrade remained cryptic.

Choose only trustworthy and reliable brokers. You can read about the best ones in our article Best online brokers in 2023.

MobaTrade: Video

You can also write a comment under the video on our YouTube channel to tell other traders about your experience. But if you’ve already been a victim, contact us for a free consultation by filling out the form at the top of the page.
Below you will find a short video about MobaTrade. Watch it so you don’t miss anything important. In a few minutes you’ll learn the whole truth about MobaTrade!