RatingFX: independent rating of Forex brokers
Mocaz Financial Markets let traders have access to Forex all over the world. The broker offers various trading instruments such as CFD, indices, and currency pairs. The company was established in 2011 in Kingstown, Saint Vincent and the Grenadines. The broker aims to provide innovative and transparent forex trading.
There is a great variety of account types at Mocaz Financial Markets. While some brokers have only three types of account, Mocaz offers a wider choice – it has six profiles. Thus, the Basic Micro type requires the deposit from $10 up to $100. The minimum spread is 2 pips; the leverage is from 1:10 to 1:500. No more than 200 active trades are allowed on the Basic Micro account. Another account type is Basic Mini with the minimum deposit of $500. It provides almost the same trading conditions as Basic Micro, but the maximum deposit and the number of active trades are not limited. Both types of accounts are commission-free. The Premium, Pro, and ECN account types provide more beneficial trading conditions. The leverage is 1:300 and 1:200. The minimum spread is from 0.2 pip. The minimum deposit is from $1,000 to $10,000. Thus, Mocaz Financial Markets enables its clients to choose the account type that would suit them best.
The broker provides three trading platforms. The first one is MT4 – the most popular software among traders all over the world. Mocaz Financial Markets has upgraded this platform to meet the requirements of its clients. The platform is compatible with most operational systems and is available in a form of a mobile app.
The second platform offered by Mocaz is NetStation. It is used to trade currency pairs, CFD, and metals. The third platform is Clear Pro – the latest software on Forex with a redesigned interface that enables experienced traders to easily navigate the financial markets. The platform ensures trading on CFD, currency pairs and gold.
The advantages of this trading platform:
The client support team can be reached through phone, email and live chat. Additionally, clients can ask their questions with the help of Skype.
Money should be withdrawn through the same payment system which was used for depositing. The easier way to replenish a trading account at Mocaz Financial Markets is through a digital wallet – transactions are processed within one working day. Payments through credit or debit cards are carried out from 3 to 10 working days. It takes 3-5 days to process bank wire transfers.
Mocaz Financial Markets does not offer any welcome bonuses, but it has an affiliate program that enables its clients to get extra earnings from referring new clients. The website is available in English.
Read comments on the Mocaz broker in our independent rating.
MOCAZ 3/10 (votes 2047)