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/10

Mabicon

South Africa South Africa | 2-5 years |
ECN Account Questionable Regulatory License | Suspicious Operational Region | High Potential Risk

https://mabiconfx.com/

Website

Rating Index

Contact

+27 760854566
https://mabiconfx.com/
23-03 Embassy building 188 Anton Lembede St, Durban Central, Durban, 4001 South Africa

license Forex License

risk

No forex trading license found. Please be aware of the risks.

Warning: Low score, please stay away!
  • This broker lacks valid forex regulation. Please be aware of the risk!
3

Basic Information

Registered Region
South Africa
Operating Period
2-5 years
Company Name
Mabicon (PTY) Ltd
Email
info@mabiconfx.com
Contact Number
+27760854566
Company Website
Account Info
Verified Site
About Us
Wiki Q&A
Comment

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Official Website

Verified Site

  • mabiconfx.com
    68.65.122.113
    Server Location
    United States United States
    ICP Registration No.
    --
    Top Visitor Locations
    --
    Creation Date
    --
    Website Name
    --
    Company
    --

Company Profile

Company Profile

Review summary

MabiconReview Summary
Founded2022
Registered Country/RegionSouth Africa
RegulationRegulated
Market InstrumentsCurrenciesPrecious metals & CommoditiesCFDs IndicesCryptocurrencies
Demo Account
LeverageUp to 1:5000
SpreadFrom 0
Trading PlatformMT5
Min Deposit$100
Customer SupportPhone: +27760854566
Email: info@mabiconfx.com
Online Chat: 24/7
Social Media: Facebook, Linkedin
Physical Address: Alice Lane, Phase 3, 4th Floor, Alice Lane, Sandhurst, Sandton, Gauteng, 2146, Johanesburg, ZA

Mabicon Information

Mabicon is a brokerage incorporated in South Africa in 2022. It is regulated by the FSCA and offers traders 1700+ market trading opportunities, supports MT5, plus 4 account types, supports spreads from 0 and no commission. At present, the information of the deposit and withdrawal of this brokerage is not available.

Mabicon Information

Pros and Cons

ProsCons
Well regulatedNo deposit and withdrawal information
4 kinds of accounts
The spread starts at 0
No commissions
Support MT5

Is Mabicon Legit?

Regulated Country/Region
Is Mabicon Legit?
Regulated AuthorityFSCA
Regulated EntityMabicon (PTY) Ltd
License TypeFinancial Service
License Number52698
Current StatusRegulated
Is Mabicon Legit?

What Can I Trade on Mabicon?

Mabicon says it offers 1,700 + markets. Over 60+ currency pairs; Metals and commodities; CFD indices, including FTSE 100, Dow Jones, DAX, NASDAQ 100, Nikkei 225, CAC 40, etc.; Cryptocurrencies include Bitcoin, Ethereum, Ripple, Litecoin, and others.

Tradable InstrumentsSupported
Currencies
Precious metals & Commodities
CFDs Indices
Cryptocurrencies
Stocks
Bonds
ETF
What Can I Trade on Mabicon?

Account Types

Mabicon has 4 types of accounts : Cent (Nano),Standard,ECN,ECN Pro. Among them, the minimum deposit requirement is $100, the leverage is unified at 1:5000, and the MT5 is also supported.

Account TypesCent (Nano)StandardECNECN Pro
Minimum Deposit$100$100$500$1,000
Maximum Leverage1:50001:50001:50001:5000
Trading PlatformMT5MT5MT5MT5
ProductsFX Major/ MetalsFX Major/ MetalsFX Major/ MetalsFX Major/ Metals
Stop Out Level20%20%20%20%
Spreads From1.61.61.61.6
Account Types

Mabicon Fees

Mabicon's accounts all have spread starting at 1.6. In addition, it claims that it supports spreads from 0 and no commission.

Mabicon Fees

Trading Platform

Mabicon offers the MT5 trading platform, which can be traded on the web, desktop and mobile versions.

Trading PlatformSupportedAvailable DevicesSuitable for
MT5Web, Desktop, MobileSkilled Traders
MT4
Trading Platform

Company Profile

  • 2-5 years
  • Questionable Regulatory License
  • Suspicious Operational Region
  • High Potential Risk

Wiki Q&A

Is Mabicon a reliable or highly suspicious trading platform?

Mabicon exhibits a profile associated with very high risk, as indicated by its overall SkyEye risk score of 1.41. The primary reason for this assessment is the entity's complete lack of valid, verified regulatory authorization to offer forex trading services, compounded by its flagging for a suspicious scope of business. While it offers trading conditions such as a $100 minimum deposit on some accounts and leverage up to 1:5000, these features are overshadowed by the fundamental absence of client fund protection mechanisms and oversight.

04-02
United States

Which financial regulator oversees Mabicon?

Mabicon operates without credible regulatory oversight. According to WikiFX data, while a company named NOBLEZA (PTY) LTD appears on the South African FSCA register with an associated 'Derivatives Trading License', that license is explicitly listed as 'Unverified' by the regulator. Our analysis concludes that Mabicon (PTY) Ltd holds no active, verified license from any major financial authority, meaning client funds are not protected under any formal compensation scheme or supervisory framework.

04-02
United States

What is the full company name of Mabicon?

The broker operates under the full registered name Mabicon (PTY) Ltd and is based in South Africa. The company has been operational for an estimated 2-5 years.

04-02
United States

How can I determine if a forex broker is regulated?

To determine whether a broker is regulated, the key is to verify whether it holds a valid financial license. Investors can check the license number and status through the official websites of regulatory authorities (such as Financial Conduct Authority, Australian Securities and Investments Commission) to confirm whether the license is real and under valid supervision. It should be noted that some brokers may engage in license cloning or unauthorized operations, meaning they use another company's license or provide services in regions where they are not authorized. These situations also involve risks. In addition, investors can use WikiFX to check the broker's regulatory status, historical records, and risk ratings as supporting reference, so as to evaluate its compliance more comprehensively.

04-02
United States

¿Cómo identificar si un bróker presenta un perfil de riesgo elevado?

Un bróker puede evaluarse como de mayor riesgo considerando factores como la situación regulatoria, las reclamaciones de usuarios, la seguridad de los fondos y la coherencia de la información pública disponible. En general, los brókers sin regulación válida, con problemas frecuentes de retirada o con un elevado número de reclamaciones suelen presentar mayores niveles de riesgo. En WikiFX pueden consultarse el estado regulatorio, la puntuación integral, los registros de exposición y las opiniones de usuarios como referencia adicional.

In a week

What factors should I consider when choosing a safe forex broker?

When choosing a safe broker, investors should focus on key factors such as regulatory qualifications, fund security, and trading transparency. In general, priority should be given to platforms regulated by major regulatory authorities, such as the Financial Conduct Authority, the U.S. Securities and Exchange Commission, and the Australian Securities and Investments Commission. At the same time, attention should also be paid to: whether client funds are kept in segregated accounts, whether the fee structure is transparent, and whether there are many negative complaints or withdrawal problems. By combining WikiFX ratings and user feedback, investors can evaluate broker risks more comprehensively.

04-02
United States

¿Cómo se calcula la puntuación de WikiFX?

La puntuación de WikiFX se calcula mediante un modelo multidimensional que incluye el índice regulatorio, el índice de licencias regulatorias, el índice de capacidad operativa, el índice de control de riesgos y el índice tecnológico de la plataforma. La escala oscila entre 0 y 10 puntos. Además, la puntuación se actualiza dinámicamente en función de cambios regulatorios, tratamiento de reclamaciones y rendimiento histórico.

In a week

¿Cuáles son los organismos reguladores de forex más comunes?

Entre los organismos reguladores más comunes se encuentran la Financial Conduct Authority (FCA), la Australian Securities and Investments Commission (ASIC), la Commodity Futures Trading Commission (CFTC), la Securities and Exchange Commission (SEC), la Cyprus Securities and Exchange Commission (CySEC) y la Monetary Authority of Singapore (MAS). Estos organismos suelen aplicar estándares regulatorios estrictos. En WikiFX es posible consultar clasificaciones de brókers según su entidad reguladora.

In a week
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