Mabicon Review: Is This Broker Truly Reliable?
It’s time for us to take a look at Mabicon, the platform that many people have inquired about lately. In online trading, many brokers emerge and claim they are trustworthy. This is why, today, we’re going to take a look at all the details. Read our Mabicon review for more interesting details!
General information | |
Name | Mabicon (PTY) Ltd, Mabicon (PTY) SA |
Type of company | Forex Broker |
Regulation status | Regulated by FSCA |
Warnings from Financial Regulators | No official warnings |
Website link | mabiconfx.com |
Active since | 2022 |
Registered in | Alice Lane, Phase 3, 4th Floor, Alice Lane, Sandhurst, Sandton, Gauteng, 2146, Johannesburg, ZA |
Contact info | +27760854566, [email protected] |
Trading platforms | MT5 app |
Majority of clients are from | South Africa; Indonesia; Brazil; India; Sweden |
Customer support | Email, contact form, and phone |
Compensation fund | No |
Meet Mabicon: The Basics
What is the first thing to notice about this trading business? Let’s start with the basics. Mabicon has a solid-looking website and it has emerged as a loyal companion for some traders.
This firm operates as a forex and commodities broker, fostering transparency and accessibility in the financial markets. Headquartered in Johannesburg, they’ve positioned themselves as a steadfast option for traders worldwide. While they may not carry the heavyweight titles of some competitors, they are licensed by South Africa’s FSCA, bringing some tiny sense of rightfulness.
Still, we must mention how crucial it is for brokers to obtain licenses from Tier 1 regulators. Always look for FX companies that are regulated by FCA, CySEC, BaFIN, or ASIC.
Awards – A Balanced Outlook
Mabicon’s regulatory standing adds an extra layer of trust. Yes, they might not boast the fame of larger institutions.
Yet, their recognition as the Best CFD Broker at TradeON Summit 2020 and Best Trading Platform at London Summit 2020 speaks volumes about their performance. We must give them credit for that!
Tip: Moomoo.com is a trustworthy platform for trading stocks and ETFs without any commission fees.
Trading Platform at Mabicon
This Forex broker provides various platforms for you. These are as follows:
- MT5 for Android,
- PC, and
- WebTrader.
Among trading platforms today, MT5 is wildly popular because it’s easy to use and loaded with useful features.
Benefits of MT4 and MT5
- MT4 (MetaTrader 4): MT4 is a widely used platform known for its simplicity and efficacy. It offers a top-notch interface, good for beginners. Traders appreciate its robust charting tools, allowing them to analyze market trends easily. With MT4, users can execute trades efficiently and manage their positions with accuracy. This platform’s popularity lies in its straightforward design and seamless trading experience.
- MT5 (MetaTrader 5): MT5, an advanced version of MT4, suits those looking for additional features and flexibility. Its improved charting tools provide in-depth market analysis, helping users trade more confidently. One of its main features is real-time data analysis, allowing traders to access up-to-the-minute market information. MT5 also supports algorithmic trading, allowing automated strategies based on preset parameters. This platform is a top choice for those seeking a better trading toolkit.
Account Types for Your Experience
Mabicon provides a range of account types that suit diverse investor needs:
- Cent (Nano) Account:
- Minimum Deposit $10,
- Maximum Leverage 1:5000,
- Platform MT4,
- Products FX Major/Metals,
- Stop Out Level 20%,
- Spreads From 1.6.
- Standard Account:
- Minimum $100 Deposit,
- Maximum Leverage 1:5000,
- Platform MT4,
- Products FX Major/Metals,
- Stop Out Level 20%,
- Spreads From 1.6.
- ECN Account:
- Minimum $500 Deposit,
- Maximum Leverage 1:5000,
- Platform MT4,
- Products FX Major/Metals,
- Stop Out Level 20%,
- Spreads From 1.6.
- ECN Pro Account:
- Minimum $1000 Deposit,
- Maximum Leverage 1:5000,
- Platform MT4,
- Products FX Major/Metals,
- Stop Out Level 20%,
- Spreads From 1.6.
Each account type offers distinct features, as you can see. This allows investors to focus on their preferences.
Trading Instruments – Numerous Options
This FX broker provides a diverse range of trading instruments, including:
- Forex,
- CFD Shares,
- CFD Indices,
- Spot Energies,
- Spot Metals, and
- Crypto.
This broad spectrum ensures traders have the freedom to explore and invest in multiple asset classes, enhancing their investment portfolio.
Why Trade with Mabicon?
- Tight Spreads: Mabicon offers low spreads for all derivatives and CFDs traded, ensuring cost-effective trading.
- Instant Withdrawal: Withdrawals are processed within seconds, even on weekends, providing quick access to your funds.
- Educational Resources: Mabicon provides innovative trading tools, learning resources, expert guidance, and partnership programs to enhance your trading results.
- Direct Market Access (DMA): Enjoy direct market access, facilitating efficient trade execution.
- Leverage up to 1:5000: Mabicon offers high leverage, amplifying your trading potential.
- Fast Execution and Low Spread: Experience fast execution and minimal spreads for optimal trading efficiency.
- Instant Deposit Bonus: Enjoy instant deposit bonuses, enhancing your trading capital.
- Access to 1500+ Global Assets: This broker provides access to a vast array of global assets, for solid investment opportunities.
Can I Earn Money From Online Trading?
Yes, you can! Moreover, we’ve got your back with our resourceful support. If you need expert advice on top-notch trading platforms, don’t hesitate to reach out.
Also, are you ready to meet our intelligent AI Analysis Bot? This one is designed to reduce research stress by providing precise advice and predictions.
And the best part? You can experience it all for free for 20 days! During the trial period, you’ll receive 5 Forex analysis reports and 5 stock analysis reports.
So, are you ready to effortlessly boost your profits? If so, check it out now!
Tip: EverFX is another solid trading platform you can check out. They have some innovative features!
Long Story Short – Mabicon
All in all, Mabicon stands as a promising rival among online trading brokers. Investors of all levels will find its account types and extensive trading instruments appealing.
While the absence of Trustpilot reviews raises questions about its reputation, Mabicon’s commitment to education and user-friendly platforms makes it an attractive choice for those seeking a reliable trading partner.
On your investment journey, knowledge is power, and with this review, you are better equipped to make decisions that align with your financial goals.
Tip: Start your path to informed and empowered investing by embracing our AI Analysis Bot. You certainly cannot go wrong!
FAQs
What Is Mabicon?
Mabicon is a forex broker regulated by FSCA in Johannesburg.
Is Mabicon Safe?
This company is partially safe as it lacks Tier 1 regulation.
How Does Mabicon Work?
The broker provides many accounts for traders to choose from.