its_mofx has been flagged by Financial Services Authority for "Unregistered/Unlicensed entity offering financial products or services". This company appears in our regulatory warnings database. Always verify with official regulatory sources before investing or doing business with this firm.
The only good thing about its_mofx is that they remind you why regulation matters. I found them after a family member had a good experience. They are regulated in a jurisdiction with weak consumer protection. When things went wrong I had nowhere to turn. Stick to well-regulated brokers.
Pros: Demo account available|Professional team|Automated trading options
Cons: Desktop app not available on Linux
its_mofx locked my account without warning and demanded documents I had already submitted. since the beginning of the year later I still do not have access to my funds. Their compliance team does not respond to emails. I am considering legal action.
Pros: Low minimum deposit|Transparent fees|Good analytical tools|Fast execution
Cons: Limited ETF selection|Mobile app could be improved
Opened my account with its_mofx after doing extensive research and regretted it within the first month. The platform crashed during a critical moment, I lost potential gains, and support basically told me it was not their problem. Absolutely unacceptable behavior.
Pros: Helpful community forum|Personal attention|Regular platform improvements|Great customer service
Cons: Limited demo account features|Slow to add new assets
After for about five months with its_mofx I requested to close my account and withdraw. They said I had to complete a 30-day cooling-off period. Then they said there was a minimum holding period for my last deposit. They make it as hard as possible to leave.
Pros: Economic calendar|Good analytical tools|Good mobile app
Cons: Spreads widen during volatile periods|Research section could be deeper