The FxGecko Top 100 Forex Brokers list can serve as a useful reference for selecting a broker. However, if a broker does not make it into the top 100, it is particularly important to closely examine their main white label relationships and any risk warnings. 

Today, I would like to help you evaluate a forex broker. Recently, investors have inquired about the legitimacy and reliability of a broker called Moon4Traders LLC.

Moon4Traders LLC claims to offer a funding program for forex trading, but investors should exercise caution when considering this broker. Here's an assessment of its regulation, licensing, company background, Funding Model and contact information.

Lack of mainstream regulation

Moon4Traders LLC is registered in St. Vincent & the Grenadines with registration number 1925 LLC 2022. However, St. Vincent & the Grenadines is not considered a primary jurisdiction for forex trading regulation, and its financial regulatory body, the Financial Services Authority (FSA), does not issue forex/brokerage licenses.

In addition, Moon4Traders LLC states that it is authorized and regulated by the MWALI International Services Authority, with license number T2023270. However, MWALI is not a widely recognized financial regulatory body, and its jurisdiction is not in a mainstream financial center. The regulatory standards of the MWALI International Services Authority may not be as robust as those of major financial regulatory bodies, potentially leaving investors' funds and rights inadequately protected.

In comparison, regulatory bodies like the Financial Conduct Authority (FCA) in the UK, the Australian Securities and Investments Commission (ASIC), the Commodity Futures Trading Commission (CFTC), and the National Futures Association (NFA) in the USA are more reputable and well-known globally.

Opaque Company Background

The broker's website offers limited information about its management team, operational history, and financial standing. This lack of transparency makes it difficult for investors to fully assess the company's credibility and capabilities.

Unconventional Funding Model

Moon4Traders offers a unique funding program where successful traders can receive up to 90% of the profits generated from a funded account of up to $1 million. While this high profit-sharing arrangement may seem attractive, it also carries substantial risks, as the broker retains significant control over the trading capital and execution. The broker also restricts the use of advanced trading tools or copy trading, which may limit the flexibility and strategies available to traders.

Reminder: When encountering investment opportunities promising high returns, low risk, or risk-free options, exercise caution. These are likely scams.

Inaccessible Customer Support

The broker's website does not provide any direct contact information, such as phone numbers or email addresses, for client support. This lack of accessible customer service channels could make it challenging for investors to resolve any issues or concerns that may arise.

Conclusion

Based on available information, Moon4Traders LLC appears to be a relatively new and opaque broker with an unconventional funding model and uncertain regulatory oversight. In our opinion, Moon4Traders is a high-risk forex broker compared to more established and regulated brokers. Therefore, investors should exercise extra caution when considering this broker and are advised to prioritize trusted and rigorously regulated forex brokers to safeguard their investment safety and interests.

Before trading, check brokers in FxGecko app; if you encounter any problems, you can file a complaint for help.

Click here to see how to check if a broker is safe and what to do if you encounter a scam broker.

Click here to recognize common investment trading scams to avoid being scammed.