The Company
Founded in 2011, Mocaz Financial Markets claims to be a pure STP brokerage offering trading in a number of currency pairs and various CFDs. Apart from the popular MetaTrader 4, It utilizes advanced autotrading feature, as well as two additional ECN platforms. Behind this brand is Mocaz Financial Markets Limited, a company registered in the St. Vincent and the Grenadines.
The company used to be regulated by the New Zealand’s Financial Markets Authority (FMA), however it revoked its NZ license in in February 2015. The broker then announced it is seeking new jurisdiction to run their business, however, currently it still is unregulated. In other words, if you intend to invest a large amount of money, we would advise you to select among brokers, duly authorized and regulated by ASIC, CySEC, or UK’s FCA for instance, where your funds will be safe.
Company Overview
Company Name | Mocaz Financial Markets Limited |
Headquarters | Suit 305 , Griffith Corporate Centre , P.O. Box 1510 , Beachmont , Kingstown , ST. Vincent and the Grenadines |
Website | |
Regulation | FMA |
Trading Instruments | Forex , Commodities , CFDs |
Trading Platform | MT4 (desktop , mobile) |
Deposit / Withdrawal | Visa/Mastercard , Neteller , Skrill , Wire Transfer , Local Transfer |
Bonus | No Bonus |
Services | Zero Fees , ACTR , Autocopy Trade |
Customer Service | Live Chat |
Trading Accounts
Account type | Minimum deposit | Minimum trade size | Maximum leverage | Spreads (& commission) | EAs | Autocopy Trade |
Basic Micro | $10 | 0.01 | 1:500 | From 2 pips | Enabled | Disabled |
Basic Mini | $100 | 0.01 | 1:300 | From 2 pips | Disabled | Enabled |
Premium Mini | $250 | 0.01 | 1:300 | From 1.2 pips + commission $8 per lot | Enabled | Enabled |
Premium Standard | $1 000 | 0.1 | 1:300 | From 1 pips + commission $7 per lot | Enabled | Enabled |
Pro Standard | $10 000 | 0.1 | 1:300 | From 0.8 pips | Enabled | Enabled |
ECN | $5 000 | 0.1 | 1:200 | From 0.2 pips + commission $5 per lot | Enabled | Disabled |
While most brokers usually offer several account types, Clients of Mocaz Financial Markets are offered a choice of 6 account types: Micro, 2 Mini, 2 Standard, as well as ECN one. Maximum leverage available varies by account types, reaching 1:500, and micro lots are offered on mini & micro accounts. With this broker, all accounts are swap-free (Islamic) by default.
Besides, Mocaz Financial Markets offers advanced autotrading feature that allows you to automatically copy any trade made by other traders (master account) with a selected condition in lot size, take profit and stop loss area. AutocopyTrades will be automatically executed in MetaTrader 4 trading platform and are available to all account type holders, except ECN ones.
ECN account holders, however, are able to use 2 additional trading platforms: Netstation and ClearPro. Mocaz Financial Markets has set a low minimum initial deposit requirement ($10) and offers high leverage levels, reaching 1:500. Nonetheless, many forex brokers offer leverage equal to or exceeding 1:500.
*Risk Warning: Forex and CFD trading involves significant risk to your invested capital.
