Brokers  /  MOTFX

MOTFX

Severe risk
Mongolia · 2-5 years · since 2023-06-05 · MOT Forex Limited Liability Company
Unregulated
75
Severe risk
Scam Risk Scoremonitored · 2026-07-06
Lower riskHigher risk
  • No verified regulatory license on file
  • Withdrawal complaints in ~21% of recent reviews
How this score is calculated — view the open algorithm

A transparent weighted score from objective public data — each factor scored 0–100 (higher = riskier), combined by the weights below.

FactorScoreWeight
Regulation & licensing8535%
Company age4515%
Clone / impersonation012%
Withdrawal & exposure complaints3012%
Offshore registration458%
Transparency (site/info/social)2510%

Based on public regulatory records, industry databases and independent reviews (Trustpilot, Forex Peace Army). Exit Risk reflects recent negative momentum in real reviews. A risk estimate from public data, not a definitive legal judgment; brokers may request a correction.

Company
Legal nameMOT Forex Limited Liability Company
Headquarters Mongolia
Founded2023-06-05
Years operating2-5 years
Employees0
Official website
Trading conditions
Avg execution speed0 ms
Avg slippage0
Swap rating
Trading cost rating
Monitored traders0
Monitored orders0
Funding & instruments
Deposit methods · --
Withdrawal methods · --
Instruments--
Registered address
Suite 609, The Minister Tower, 1st Khoroo, Sukhbaatar District, Ulaanbaatar, Mongolia

Regulation & licenses · 0

No valid regulatory license found — high caution advised.

Account types · 4

AccountMax leverageMin. depositMin. spreadCommissionEA
Swap Free1:1000$100From 2$0.00
Zero Spread1:1000$100From 0.0$9 per side
Standard1:1000$25From 0.8$0.00
Pro1:1000$25From 0.0$3.50 per side

Review analysis AI

Across 14 recent Trustpilot reviews, 7% are 1–2 star. The single most common complaint is being unable to withdraw funds (3 reports) — the classic warning sign in forex.

0
Period:
What users complain about
What users praise
Where reviewers are from
Mongolia10
Kazakhstan1
Malaysia1
Taiwan1
Singapore1

Real user reviews

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About MOTFX

MOTFX is a forex and CFD broker based in Mongolia, with records dating to 2023-06-05. Critically, we could not verify any active forex-trading license for this broker.

FXCanary’s verdict is “Severe.” The combination of weak regulation and user complaints means your capital could be at serious risk.

Overview compiled by FXCanary from regulatory records and public data. full MOTFX review