Accepts traders from United States!

MogaFX is a multi-asset broker regulated in Australia and St Vincent and the Grenadines. The broker offers leverage up to 1:500 on the MetaTrader 4 (MT4) and MetaTrader 5 (MT5) platforms. The 6 account types are mainly aimed at experienced traders, with minimum deposits starting from $1000.

CFDs, Forex, Indices, Commodities, Cryptos
Demo Accounts: 
MetaTrader 4: 
MetaTrader 5: 
STP Account: 
ECN Account: 
DMA Account: 
Margin Trading: 
Social Trading: 
Copy Trading: 
Islamic Account: 
Min. Deposit$1000
Min. Trade0.01 Lots
Regulated ByASIC, SVGFSA
Mobile AppsAndroid
CurrenciesUSD, EUR, GBP, AUD


MogaFX offers a very narrow line-up of assets, covering only 50+ CFDs. However, it is good to see a strong range of trading tools alongside the MetaTrader terminals, including Autochartist analysis, an economic calendar and a forex heatmap powered by TradingView.

FTSE SpreadFrom 2.5 Pips (Standard)
GBPUSD SpreadFrom 2.5 Pips (Standard)
Oil SpreadFrom 2.5 Pips (Standard)
Stocks SpreadNA


I found the broker’s 35+ currency pairs a little underwhelming, though not the smallest range I have seen. Raw spreads from 0.0 pips are accessible, but only with a minimum deposit of $10000. Otherwise, a minimum deposit of $1000 will only get you disappointingly wide spreads from 2.5 pips. That said, experienced traders will appreciate the high leverage up to 1:500.

GBPUSD Spread2.8 Pips (Standard)
EURGBP Spread2.9 Pips (Standard)
EURUSD Spread2.6 Pips (Standard)


MogaFX only offers a handful of crypto assets but it’s good to see that Bitcoin deposits and withdrawals are permitted with fast processing times. On the negative side, anyone looking to practise their crypto strategies in the demo will only be able to do so for 30 days.

SpreadFrom 2.5 Pips (Standard)