Mobatrade has been flagged by Central Bank of Ireland 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.
After seeing ads for Mobatrade online, I investigated. The company is listed in the IOSCO I-SCAN warnings database and has been flagged by Central Bank of Ireland. Their website looks professional but that means nothing - many scam operations invest heavily in appearance. Always check the regulatory warnings before investing.
Pros: Website looks legitimate on the surface
Cons: Unauthorized firm|Found in IOSCO warnings database
I invested $5,000 with Mobatrade after seeing their professional-looking website. At first, everything seemed fine - they showed me impressive returns on my dashboard. But when I tried to withdraw, they kept making excuses. First it was "processing time," then "verification needed," then "you need to pay a tax fee first." I never got my money back. I have since reported them to Central Bank of Ireland.
Cons: Lost entire investment|Reported to authorities|Unresponsive
Mobatrade changed their fee structure with one month notice. What was a flat fee became a percentage. For my account size it meant a huge increase. When I objected they said I could leave. So I am leaving and writing this review.
Pros: Multi-currency support|No hidden fees
Cons: Minimum deposit could be lower|Slow to add new assets
The spread at Mobatrade is not what they advertise. During volatile markets it widens so much that you lose before the trade even starts. I found them after a family member had a good experience and initially thought the platform was good - until I started trading seriously.
Pros: Market news feed|Helpful community forum
Cons: Nothing significant
After since I retired last year with Mobatrade, I can only describe the experience as death by a thousand cuts. No single issue was catastrophic, but the constant stream of small problems, slow responses, and missing features wore me down until I finally left.
Pros: Great customer service|Dividend tracking
Cons: Help articles are sometimes vague
I found Mobatrade after seeing their ad online and the initial impression was positive. But since I retired last year later, I have encountered so many issues that I cannot recommend them. Trades failing, charts not loading, and support tickets going unanswered for days at a time.
Pros: Market news feed|Helpful community forum
Cons: Website design could be more modern
The onboarding at Mobatrade was smooth which makes the subsequent experience even more frustrating. Once they have your money, the quality of service drops dramatically. Getting anyone to help you with an actual problem is nearly impossible.
Pros: Easy to use platform|Regular updates|Dedicated account manager
Cons: Minimum deposit could be lower|Research section could be deeper
Opened my account with Mobatrade after seeing their ad online 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: Quick verification|Clear documentation
Cons: Minor UI glitches occasionally
The only good thing about Mobatrade is that they remind you why regulation matters. I found them after comparing multiple platforms. 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: Transparent fees|Copy trading available
Cons: Search feature is basic