Moa Spreads, leverage, minimum deposit Revealed

　　Note: Moa's official website: https://www.moyacs.com/ is currently inaccessible normally.

Moa Information

　　Moa is an unregulated brokerage company founded in 2017. WikiFX's survey team has been to New Zealand to visit this company but didn't spot the company at its regulatory address. This indicates that the broker may just register at the location without a physical business office. The company claims to offer MetaTrader 4 (MT4) platform.

Is Moa Legit？

	Financial Service Providers Register (FSPR)
Current Status	Revoked
Regulated by	New Zealand
License Type	Financial Service Corporate
License No.	511366
Licensed Institution	Moa International Limited

　　Moa claims regulation by the Financial Service Providers Register (FSPR) in New Zealand. However, Moa's current status is “Revoked”. This means that the broker is not a safe forex broker. Your fund lacks protection. We recommend that you look for a regulated broker as an option.

Downsides of Moa

• Unavailable Website

　　The official website for Moa is currently down, so we are unable to access first-hand information from it at this time.

• Lack of Transparency

　　We were unable to find any reliable information about Moa online. So its safety and legitimacy can not be confirmed.

• Scam Risk

　　According to an exposure on WikiFX, a user encountered a great loss of up to 200 thousand yuans, and the compensation was yet to be received.

• Regulatory Concerns

　　Moa claims to be regulated by the Financial Service Providers Register (FSPR). But the current status is “Revoked”, once again making its safety and legitimacy doubtful.

Negative Moa Reviews on WikiFX

　　On WikiFX, “Exposure” is posted as a word of mouth received from users.

　　Traders are encouraged to review information and assess risks before trading on unregulated platforms. Please consult our platform for related details. Report fraudulent brokers in our Exposure section and our team will work to resolve any issues you encounter.

　　As of now, there are 3 pieces of Moa exposure in total. I will briefly introduce 2 of them.

　　Exposure 1. Withdrawals and contact difficulty

　　The user said that the order couldnt be placed or listed and the teacher always gave the reverse order recommendations. You may visit: https://www.wikifx.com/en/comments/detail/208088067621802.html

　　Exposure 2. Cannot withdraw

　　The user said that he suffered a 200 thousand yuan loss, and the compensation was yet to be received. You may visit: https://www.wikifx.com/en/comments/detail/202006267132684702.html

Conclusion

　　In conclusion, trading with Moa could be risky. Their revoked license, inaccessible website, and scam exposure all show that this broker is not trustworthy. We recommend that traders opt for regulated brokers with transparent operations.