Founded in 2019 in Saint Vincent and the Grenadines by Capiteus Global Limited, MottoFX is an online financial services provider that serves more 225,000 traders, recording over 1.6 million open trading positions at every point in time. They offer multiple tradable assets, such as forex, commodities, indices, and stocks, for trading online via a proprietary web trading platform. The broker also provides clients with live trading signals and other tools through a partnership with TradingView. Clients can also enhance their trading knowledge with the multiple educational resources provided by the broker. They have bagged various industry awards, including the Trading Platform for the 2019 Award given by ‘Business Daily’, Trader’s Choice 2019 Award given by ‘Invest Media’, and Platform Award, given by ‘Trade Wise Media’.
MottoFX Review Introduction
In this MottoFX review, we will take a look at some of the most important factors worth considering when choosing a forex broker for your online trading needs. This includes trading platforms, trading tools, research and education, account funding options, customer support, and broker regulation.
You may also wish to view my best forex brokers based on countless hours that I have spent researching and testing hundreds of brokers, all of which you can see in my forex broker reviews. You can also use my free trading tool to compare forex brokers including MottoFX.
MottoFX Platforms & Tools
The broker provides traders with their proprietary web-based trading platform, which has a simple interface suitable for both new and experienced traders. The charting package on the platform is courtesy of TradingView, a renowned social network that provides charting software, social networking, trading tools, market news, and analysis.
There are over 50 technical indicators and lots of analytical tools, with multiple trading tools, such as pending orders and risk management tools. The platform also features updated news powered by www.investing.com, and it allows traders to fund and view their account balances in real-time.
Clients also get access to additional trading tools, such as the Economic Calendar, Trading Signals, Market Analysis, Charts, Forex Calculators, Market News, Forex Heat Map, Stock Screener that shows the live prices of almost 5,000 stocks along with various metrics for analysis, and Market Trend, which shows how other traders are approaching the markets.
MottoFX Research & Education
The education section of the broker’s website has a wide collection of educational resources, such as Personal Trading Coach, Trading Academy, Introduction Courses, In-depth Courses, E-books, and a Trading Glossary.
MottoFX Trading Accounts
The broker offers a choice of multiple trading account options to their clients. The accounts have low competitive spreads, adequate leverage, and other favorable trading features, such as fast execution and minimal slippage. The account types include Starter, Advanced, Expert, VIP, and Islamic Accounts.
MottoFX Account Funding
The following payment methods are the available options for funds deposits and withdrawals on MottoFX:
- Bank wire transfer
- Credit/Debit Cards, such as Visa and MasterCard.
MottoFX Customer Service
MottoFX offers a multilingual client support team that is available 24/7 to attend to clients’ queries via telephone, email, Live Chat, and social media.
The broker is not regulated by any known financial authority at the moment.
MottoFX Review Summary
In summary, MottoFX is an online trading broker that offers over 200 assets for online trading using their proprietary trading platform which is simple to use and features trading tools like the Market News, Analytical Tools, Market Trends, and others. The broker has strict KYC and AML policies and also secures its website and platform using SSL technology. However, there is no regulatory information on the brokers’ website at the moment.
It is worth mentioning that some of the trading products and services in this MottoFX review may differ or not be available to traders in some countries due to regulations. As brokers’ terms can change over time, please verify all information is up to date directly from the MottoFX broker website which you can visit by using the link below.
CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. A large percentage of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.