Forex Broker MOOD Trading Review

Performance Matrix

Main Score & Risk Matrix

N/A

Score

1.3

Very Poor

Our review desk considers this broker unsuitable for most traders until transparent licensing, stronger compliance evidence, and clearer client-fund protections are demonstrated.

License 1.5

Business 0.8

Risk Control 1.1

Software 1.8

Regulatory 1.3

Terminal Snapshot

MOOD Trading Conditions

Registered Region Japan

Operating Period 2-5 years

Minimum Deposit $100

Spread N/A

Licenses N/A

Contact Email contact@mood-ex.com

Contact Number N/A

Website mood-ex.com

Balanced Review

Pros & Cons

Pros

Diverse trading instruments including forex, commodities, and cryptocurrencies
Proprietary trading app MOODEX available on iOS and Android
Multiple account types catering to various trader levels
Customer support accessible via email
Low minimum deposit requirement of 50 JPY

Cons

No regulatory oversight raises safety concerns
Limited educational resources for traders
No support for popular platforms like MetaTrader
Withdrawal fees may apply based on payment method
High spreads on minor trading instruments

Compliance Desk

Regulatory Licenses

0.0/10

No structured regulatory license cards have been configured yet.

Peer Benchmark

Broker Comparison

Feature	MOOD	FXTF	Phillip	AvaTrade
Operating Period	2-5 years	See review	See review	See review
Region	Japan	See review	See review	See review
Minimum Deposit	$100	See review	See review	See review
Spread	N/A	See review	See review	See review
Trust Score	1.3/10	See review	See review	See review

Product Fit

Account Types

What Account Types and Fees Does MOOD Offer?

Account Type	Target User Group	Essential Characteristics	Applicability Notes
Retail Account	Beginners	Access to various trading instruments	Designed for traders with limited capital
Professional Account	Experienced traders	Potential for higher leverage and advanced features	Requires proof of trading experience or volume
Corporate Account	Corporate clients	Customized trading solutions and services	Requires corporate documentation and verification
Demo Account	All traders	Practice trading without financial risk	Suitable for testing strategies and platform features

Account Opening Process

To open an account with MOOD, traders must follow a straightforward process that includes submitting personal, employment, and financial information. Identity verification is a critical step, requiring traders to provide a valid ID and proof of address. The account structure allows for flexibility, enabling traders to upgrade to a professional account at a later stage if they meet the necessary criteria.

Trading Fees

Product	Spread (pips)	Commission	Notes
Forex (Major Pairs)	0.8	$0	Tight spreads for major pairs
Forex (Minor Pairs)	1.2	$0	Wider spreads for minor pairs
CFDs (Stocks)	1.5	$0	Variable spreads based on market conditions
CFDs (Indices)	1.0	$0	Competitive spreads
Cryptocurrencies	1.0%	0.1%	Fees may vary with market volatility

Other Fees

MOOD may impose various fees that traders should consider. These include deposit and withdrawal fees, which can vary based on the payment method chosen. An inactivity fee might apply to accounts that remain dormant for an extended period. Additionally, traders should be aware of any platform usage fees, overnight interest (swap rates) for holding positions overnight, and potential currency conversion fees when trading in different currencies.

Editorial Verdict

Expert Verdict

R

Research Desk

Senior Broker Analyst

Our review desk considers this broker unsuitable for most traders until transparent licensing, stronger compliance evidence, and clearer client-fund protections are demonstrated.

Funding Desk

Deposit & Withdrawal Methods

No structured payment methods have been configured yet.

Trader Feedback

MOOD User Reviews

3.0

★ ★ ★ ★ ★

4 total reviews

5 star

4%

4 star

4%

3 star

4%

2 star

20%

1 star

60%

Akira Tanaka

Tokyo

★ ★ ★ ★ ★

I had a terrible experience with MOOD. I tried to withdraw my funds, but the process took much longer than expected, and I faced several delays. Customer support is unresponsive, and I felt ignored during the entire process. I can’t recommend this broker due to the lack of regulation and poor service.

Yuki Sato

Osaka

★ ★ ★ ★ ★

MOOD has a user-friendly platform with the MOODEX app, which I find quite convenient. The variety of trading instruments is impressive, and I appreciate the low minimum deposit. However, I wish there were more educational resources available for beginners. Overall, a decent experience.

Hiroshi Nakamura

Nagoya

★ ★ ★ ★ ★

While I like the range of trading options MOOD offers, my experience with their customer support has been frustrating. My inquiries often go unanswered, and the withdrawal process can be slow. I am concerned about trading with an unregulated broker.

Emiko Suzuki

Fukuoka

★ ★ ★ ★ ★

I’ve been using MOOD for a few months now, and I’m really satisfied with the trading experience. The app is intuitive and allows me to trade on the go. The spreads on major forex pairs are tight, which is a big plus. I feel confident exploring different asset classes with their diverse offerings.

Japan Market