Since Moson's official website (http://www.dsdtfx.com) no longer works, we had to resort to scraping together information about other sources to get a feel for the companys forex broker operations.
General Information
Moson is an online forex broker providing its clients access to a series of trading instruments. With the Moson platform, two trading accounts are available, and the minimum deposit to trade with this broker starting at $100 AUD or equivalent amount.
Moson does not hold any regulatory license to show it operates legally. Please be aware of the risk involved.
Account Types
Two trading accounts are available on the Moson platform: Standard and ECN-Raw, with the minimum deposit for both accounts from $100.
Although the initial deposit required by this forex broker seems acceptable, investors are not advised to choose this broker given the fact that it is unregulated.
Leverage
Moson permits its clients to use the maximum leverage up to 1:500, which is much higher than the levels regarded appropriate by many regulators, with the leverage for major forex up to 1:30 in Europe and Australia, and 1:50 in Canada and U.S.
Since leverage can magnify gains as well as losses, it is wise for beginners to choose the leverage ratio at no more than 1:10. We recommend that traders should trade with a smaller amount at first, until they get more trading experience.
Spreads & Commissions
Spreads are tied to what trading accounts you are holding on the Moson platform. The Standard account offers spreads from 1 pips, and the ECN account offers raw spreads from 0.0 pips, with commissions not disclosed.
Trading Platform
Moson does not provide the industry-leading MT4 or MT5 trading platform, and we are unaware of what platform it does provide.
Customer Support
Disappointingly, this forex broker can be only reached through an email address: info@mosonm.com. Other more direct contact channels, like phone support, whatsapp, etc, are not available.
Risk Warning
There is a level of danger that comes with trading on the financial markets. As sophisticated instruments, foreign exchange, futures, CFDs, and other financial contracts are typically traded using margin, which significantly increases the inherent risks involved. Therefore, you should consider carefully whether or not this sort of investment activity is right for you.
The information presented in this article is intended solely for reference purposes.
