Brief Look at MogaFX
MogaFX has ceased operations and shows no signs of legitimate business activity. Although the company’s website once displayed a license from the Australian Securities and Investments Commission (ASIC), industry sources note the documents show clear signs of cloning and have not been verified by official registries. A check of the ASIC website revealed no authentic records for MogaFX.
Users on industry forums report they are unable to withdraw funds and the trading platform suddenly stopped working. Several posts accuse the broker of halting operations while retaining client deposits.
Given the lack of a verified license and the complete website shutdown, MogaFX is considered to have exited the market without fulfilling its obligations to clients.
We constantly monitor the Internet for the emergence of new fraudulent schemes to deceive traders. We have been collecting data about scam brokers for more than 10 years and we think we know every dishonest company in the market. Below we have collected for you the information about the scammers from the List of SCAM Brokers.
Articles that may help you
Check out our reviews of other companies as well
