Note: Regrettably, the official website of MOKFX Global, namely https://www.futurecurrencytrading.cc/, is currently experiencing functionality issues. Consequently, it is proving to be quite a challenge to obtain specific and precise details about the broker from their own website. As a result, we have had to rely on existing online sources to offer a general overview of MOKFX Global and its activities.
What is Future Currency Trading？
Future Currency Trading, an unregulated online trading platform, provides its clients with the MT5 trading platform. Future Currency Trading offers different account types with varying minimum deposit requirements. The maximum leverage offered by Future Currency Trading is 1:200.
If you are interested, we encourage you to read our forthcoming article where we will conduct a detailed evaluation of the broker from multiple perspectives. We will present you with concise and well-organized information, covering various aspects. By the end of the article, we will provide a succinct summary that will give you a comprehensive understanding of the broker's main features.
Pros & Cons
Pros:
- They offer a variety of account types, which provides flexibility for traders with different preferences and experience levels.
- Future Currency Trading supports MT5 trading platform, which is a popular and widely used platform among traders.
Cons:
- Future Currency Trading is not regulated, which means that there is no oversight or protection for investors.
- The website is currently unavailable, which raises concerns about the reliability and stability of the platform.
- The high minimum deposit required by the broker can be challenging for some traders to meet.
Is Future Currency Trading Safe or Scam？
Investing in Future Currency Trading, an unregulated platform with an inaccessible website, poses significant risks.
This lack of regulation makes it difficult to ensure the reliability and security of their trading platform. Therefore, caution is advised when considering investing with MOKFX Global. It is highly recommended to thoroughly research and evaluate the potential risks and rewards before making any investment decisions. It is generally safer to choose brokers that are properly regulated to protect your funds.
Account Types
Leverage
Future Currency Trading offers a maximum leverage of 1:200 to its traders. Leverage allows traders to control larger positions in the market with a smaller amount of capital. This means that traders only need to put down a small percentage of the total position size, while the broker provides the rest of the required capital. For example, with leverage of 1:200, a trader can control a position of $200,000 with a margin requirement of just $1,000.
While leverage can greatly increase profits, it also increases risk. Higher leverage means higher risk, as it amplifies both profits and losses. Traders who use high leverage must be careful to manage their risk appropriately, as even small fluctuations in the market can result in significant losses.
Spreads & Commissions
Future Currency Trading offers the spread from 2 pips. The spread refers to the difference between the bid price (the price at which you can sell a currency pair) and the ask price (the price at which you can buy a currency pair). The spread can be fixed or variable, depending on the broker. A fixed spread remains constant regardless of market conditions, while a variable spread may fluctuate depending on factors such as market volatility.
Besides, it is impossible to learn about the commission of Future Currency Trading due to the inaccessible website.
Trading Platform
Future Currency Trading offers its clients the MetaTrader 5 (MT5) trading platform. MT5 is a comprehensive trading platform that offers advanced trading tools, technical analysis indicators, and algorithmic trading capabilities. Its user-friendly interface makes it easy for traders to execute trades and monitor their positions in real-time.
MT5 offers several order types, including market orders, limit orders, stop orders, and trailing stop orders. Traders can also use the one-click trading feature to quickly execute trades without having to confirm each trade manually.
Customer Service
Customers can visit their office or get in touch with customer service line using the information provided below:
Telephone: +44 1618181333
Email: support@fctrading.pro
Conclusion
In conclusion, Future Currency Trading is an online trading platform that offers clients access to the MT5.
However, it is important to note that Future Currency Trading currently lacks regulation. Additionally, Future Currency Trading's website accessibility issues contribute to the concerns about its legitimacy and transparency. The inability to access their official website can make it difficult to obtain essential information about the company and its services.
Considering the potential risks associated with unregulated trading platforms, investors may be better off seeking out platforms that are regulated by reputable authorities. Regulatory oversight provides an added layer of security and accountability, reassuring traders of fair practices and investor protection.
Frequently Asked Questions (FAQs)
Risk Warning
Online trading involves significant risk, and you may lose all of your invested capital. It is not suitable for all traders or investors. Please ensure that you understand the risks involved and note that the information provided in this review may be subject to change due to the constant updating of the company's services and policies.
In addition, the date on which this review was generated may also be an important factor to consider, as information may have changed since then. Therefore, readers are advised to always verify updated information directly with the company before making any decision or taking any action. Responsibility for the use of the information provided in this review rests solely with the reader.
