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WikiFX Review: Is MOKFX Global trustworthy?
Abstract：MOKFX Global is an online forex and CFDs brokerage company offering financial services to its clients. But is MOKFX Global trustworthy? Is MOKFX Global a scam? Those are important questions that many traders are eager to know the answer to. Therefore, WikiFX made a comprehension review on this broker to help you better understand the truth, we will analyse the reliability of this broker from specific information, regulation, and etc. And you should never miss it.
What does MOKFX Global look like？
MOKFX Global was established in 2021. MOKFX Global claimed itself to be one of the leading financial institutions in the United States and Asia. They care about their social responsibility. The team helps people by donating to charities & on-ground activities to help people that are in need. According to its website, over 200,000 registered traders who already invested with this broker.
If you want to know whether MOKFX Global is a reliable forex broker or not, please continue to read.
In this article
WikiFX provides inquiry services in the forex field.
WikiFX evaluates the reliability of MOKFX Global based on the facts.
What is WikiFX？
| WikiFX is an authoritative global inquiry platform providing basic information inquiry and regulatory license inquiry. |
| WikiFX is able to evaluate the safety and reliability of more than 31,000 global forex brokers. |
| WikiFX gives you a huge advantage while seeking the best forex brokers. For more information, such as the review and exposure of brokers, please visit our website (https://www.WikiFX.com/en) |
To explore whether MOKFX Global is a scammer or not, we evaluated MOKFX Global from different aspects, such as regulatory status, exposure, etc.
Table of Contents
1. Evaluate the reliability of MOKFX Global based on its general information and regulatory status
To understand MOKFX Global better, we explore MOKFX Global by analyzing main perspectives:
A. General Info of MOKFX Global
B. Regulatory Status
C. Fund Security
A. General Info of MOKFX Global
MOKFX Global's general info has been shown below:
(source: WikiFX)
According to its website, MOKFX Global is a newly developed international forex - online trading platform with more than 35 countries of presence. MOKFX Limited is a corporation registered in Mississauga, England, and regulated by Money Service Business (MSB).
MOKFX Global supports 9 languages, including English, Chinese, and Spanish.
Market Instruments
This broker offers more than 35 different CFD products on its forex trading platform, including forex, precious metals, commodities, and financial contracts. Besides that, MOKFX Global is also expanding services into Cryptocurrencies trading.
Trading Platform
MOKFX Global uses the MT4 platform. Traders can access the industry-leading MT4 platform on your PC, Mac, iOS, and Android devices at any time, anywhere.
funding and withdrawal
It is unclear how the broker withdraws traders' money. But it depicts the same day funding and withdrawal are possible.
Customer service
Their customer service team will always be there for you 24/7. it seems not available to contact them via email.
B. Regulatory Status
The legitimate license of MOKFX Global
MOKFX Global is a regulated broker. It is regulated by NFA with license number:0543998
According to its website, this broker is also regulated by Money Service Business (MSB).
C. Fund Security
On its website, MOKFX Global has a specific page to emphasize the safety of clients' funds. Account segregation is imperative since it allows traders to have access to their funds all the time. Even if the broker is bankrupt, traders will still be capable of getting their money back.
2. The feedback from Twitter
To figure out whether this broker is a scam or not, we made a survey about Exness on Twitter.
Reviews on Twitter:
MOKFX Global has an official account on Twitter. This account was opened in 2021. And it currently has only one follower. It is a pretty new account. And it is also hard to find feedback related to this broker on Twitter.
3. Exposure related to MOKFX Global on WikiFX
On WikiFX, the Exposure consists of feedback from traders. A bad track record of brokers can be checked via Exposure. WikiFXs Exposure function helps you get feedback from other traders and remind you of the risks before it starts.
As of March 31, 2022, WikiFX didn't receive any complaints related to MOKFX Global yet.
4. Special survey about MOKFX Global from WikiFX
A. Scoring Criteria
WikiFX gives brokers a score from 0 to 10. The higher the score is, the more reliable the broker is.
| The Scoring Criteria of Brokers on WikiFX |
| License index: reliability and value of licenses |
| Regulatory index: license regulatory strength |
| Business index: enterprise stability and operational capability |
| Software index: trading platform,instruments etc |
| Risk management index: the degree of asset security |
According to WikiFX, MOKFX Global has been given a decent rating of 6.69/10.
(Note: Because different regions or countries have different levels of regulatory strictness, the score of the same broker might be slightly varied in other regions or countries. For details, please consult WikiFX customer service.)
Based on the information above, we can see MOKFX Global is not good on Software factors and Business issues. Maybe it is because it was just established in 2021.
B. Field Investigation
To help you fully understand the broker, WikiFX investigates the brokers by sending surveyors to the broker's physical addresses.
On WikiFX, you can visually check the physical addresses of brokers by pressing the “Survey” button.
As of March 31, 2022, WikiFX didn't do a site survey on MOKFX Global yet.
5. Conclusion:
MOKFX Global is a licensed broker that is strictly regulated by several authorities. If you want to choose a trustworthy broker to invest in, MOKFX Global is a wise choice, although some other brokers are also as good as it.
If you want to know more information about the reliability of certain brokers, you can open our website (https://www.WikiFX.com/en). Or you can download the WikiFX APP for free through this link (https://www.wikifx.com/en/download.html). Running well in both the Android system and the IOS system, the WikiFX APP offers you the easiest and most convenient way to seek the brokers you are curious about.
Disclaimer:
The views in this article only represent the author's personal views, and do not constitute investment advice on this platform. This platform does not guarantee the accuracy, completeness and timeliness of the information in the article, and will not be liable for any loss caused by the use of or reliance on the information in the article.
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