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/10

Mabicon

South Africa|1-2 years|
Regulated in South Africa|Financial Service Corporate|Suspicious Scope of Business|Suspicious Overrun|Medium potential risk|

https://mabiconfx.com/

Website

Rating Index

Contact

+27 760854566
info@mabiconfx.com
https://mabiconfx.com/
30 CRESTONE PEAK, MIDLANDS ESTATE, CENTURION 1692

Licenses

VPS Standard
No restriction on the broker account. Support service provided by WikiFX

Single Core

1G

40G

Open Now

Contact number

English

+27 760854566

Broker Information

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Company Name

Mabicon (PTY) Ltd

Company Abbreviation

Mabicon

Platform registered country and region

South Africa

Company website
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Warning: Low score, please stay away! 2
Previous Detection : 2024-04-16
  • This broker exceeds the business scope regulated by South Africa FSCA(license number: 52698)National Futures Association-UNFX Non-Forex License. Please be aware of the risk!
  • The current information shows that this broker does not have a trading software. Please be aware!

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Mabicon · Company Summary

Mabicon Review Summary
Founded Over 10 years
Registered Country/Region South Africa
Regulation FSCA (Exceeded)
Market Instruments Share CFDs, forex, indices and commodities
Leverage 1:5000
EUR/ USD Spread 1.6 pips
Trading Platforms MT5
Minimum Deposit $10
Customer Support 24/7 live chat, phone, email, Facebook and Instagram

What is Mabicon?

Mabicon is a trading platform that offers the widely popular and reliable MT5 trading platform. With over 10 years of experience, their team of highly knowledgeable and experienced experts is dedicated to providing traders and investors with a seamless trading experience.

Mabicon prides itself on being a trusted CFDs provider, offering a wide range of trading instruments and flexible trading options. Traders can access over 200+ trading instruments, benefit from low spreads, fast trade execution, and high leverage options of up to 1:5000.

Mabicon's home page

If you are interested, we invite you to continue reading the upcoming article where we will thoroughly assess the broker from various angles and present you with well-organized and succinct information. By the end of the article, we will provide a concise summary to give you a comprehensive overview of the broker's key characteristics.

Pros & Cons

Pros Cons
  • MT5 supported
  • Higher spreads
  • Commission-free
  • Regional restrictions

Pros of Mabicon:

- MT5 supported: Mabicon supports the widely-used MetaTrader 5 (MT5) trading platform, which offers a range of advanced trading tools and features.

- Commission-free: Mabicon does not charge commissions on trades, which can be beneficial for traders looking to minimize costs.

Cons of Mabicon:

- Higher spreads: Mabicon is associated with higher spreads, which can result in higher trading costs, especially for traders who execute frequent trades.

- Regional restrictions: Services are not available for residents of Turkey and the United States of America.

Is Mabicon Safe or Scam?

Mabicon has registered with the Financial Service Corporate license No. 52698 (License type: Financial Service Corporate), which can give its traders a certain degree of trading confidence.

FSCA regulation

Market Instruments

Mabicon offers a diverse range of trading instruments across various asset classes, giving traders the opportunity to access different markets and potentially diversify their investment portfolios.

- Share CFDs: Mabicon allows traders to trade Contract for Difference (CFD) instruments on shares. With CFDs, traders can speculate on the price movements of shares without actually owning the underlying assets.

- Forex: Mabicon provides access to the foreign exchange market, allowing traders to trade major currency pairs, as well as some minor and exotic currency pairs. Forex trading involves speculating on the price movements of one currency against another. Traders can take advantage of potential opportunities in the global currency market, aiming to profit from fluctuations in exchange rates.

- Indices: Mabicon offers trading on a variety of global stock indices, such as the S&P 500, FTSE 100, and Nikkei 225. Trading indices enables traders to speculate on the performance of a collection of stocks representing a particular market or industry. - Commodities: Mabicon allows traders to trade various commodities, including precious metals like gold and silver, energy commodities like oil and natural gas, as well as agricultural commodities like wheat and corn. Trading commodities enables investors to profit from price fluctuations in these physical assets.

Market Instruments

Account Types

Mabicon offers a variety of trading accounts to cater to different trading preferences. These include the Cent account, Standard account, ECN account, and ECN Pro account. Each account type has its own unique features and benefits, allowing traders to choose the one that best suits their trading style and objectives.

Account Type Minimum Deposit Stop Out Level
Cent $10 20%
Standard $100
ECN $500
ECN Pro $1000
Account Types

Leverage

Mabicon offers a maximum leverage of 1:5000, which is a relatively high leverage ratio. Leverage allows traders to control a larger position in the market with a smaller amount of capital. This means that for every $1 of the trader's capital, they can control up to $5000 in the market.

High leverage can be attractive to traders as it has the potential to generate significant profits. With a small initial investment, traders can participate in larger trades and potentially increase their returns. However, it is important to note that leverage is a double-edged sword, as it amplifies both profits and losses.

Spreads & Commissions

Mabicon offers a spread starting from 1.6 pips for all their accounts. The spread is the difference between the bid price and the ask price of a financial instrument and is essentially the cost that traders pay to enter a trade. A smaller spread indicates a tighter market and can potentially result in lower trading costs for traders.

Additionally, it is worth noting that Mabicon charges no commission on trades. This means that traders do not have to pay an additional fee for executing their positions. The absence of commission charges can be beneficial for traders as it reduces their overall trading costs and allows them to keep a larger portion of their profits.

Trading Platforms

Mabicon offers its clients the popular trading platform MT5 in various versions including MT5 for Android, MT5 for PC, and MT5 WebTrader.

T5 is known for its user-friendly interface and extensive range of features, making it suitable for both beginner and experienced traders. It offers a wide range of financial instruments to trade, including currencies, commodities, indices, and stocks, allowing clients to diversify their investment portfolio.

One of the key advantages of the MT5 platform is its advanced charting capabilities. Traders can access various technical analysis tools, indicators, and charting options to analyze price movements and make informed trading decisions. The platform also supports the use of custom indicators and expert advisors, enabling traders to automate their trading strategies.

MT5

Customer Service

Mabicon offers live chat. With live chat, customers can get their questions answered quickly and receive help with any issues they may have. It's a convenient and effective communication channel that can improve customer satisfaction and increase sales.

Customers can get in touch with customer service line using the information provided below:

Telephone: +27760854566

Email: (24/7) info@mabiconfx.com

Moreover, clients could get in touch with this broker through the social media, such as Facebook and Instagram.

Mabicon provides traders with the feature of online messaging integrated into their trading platform. This feature enables users to communicate directly with customer support or other traders within the platform. Online messaging offers a convenient means to receive real-time assistance and engage in discussions with fellow traders.

Customer Service

Conclusion

In conclusion, Mabicon is a trading platform that offers a range of services to its clients. The platform provides access to various financial markets, allowing traders to diversify their portfolios and capitalize on different trading opportunities.

Frequently Asked Questions (FAQs)

Q 1: How can I contact the customer support team at Mabicon?
A 1: You can contact via telephone: +27760854566, email: (24/7) info@mabiconfx.com, Facebook and Instagram.
Q 2: Does Mabicon offer the industry leading MT4 & MT5?
A 2: Yes. It offers MT5.
Q 3: What is the minimum deposit for Mabicon?
A 3: The minimum initial deposit to open an account is $10.
Q 4: At Mabicon, are there any regional restrictions for traders?
A 4: Yes. Services are not available for residents of Turkey and the United States of America.

Risk Warning

Online trading carries substantial risk, and it's possible to lose all of your invested capital. It can not be appropriate for all traders or investors, so it's crucial to fully comprehend the risks involved. Additionally, the information presented in this review can change as the company updates its policies and services, and the date when this review was created is also important to consider. As a result, it's recommended that readers always check the latest information directly with the company before making any decisions. The reader is responsible for using the information provided in this review.

User Reviews

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Daniel56
more than one year
Mabicon looks promising - MT5 platform, wide asset range, 24/7 support. However, their awards seem suspicious (no proof). Also, that high leverage (up to 1:1000) can be risky. Do your research before diving in!
2024-03-14 17:03
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0
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Fx6351
0-3months
Very poor company! Does not pay to anyone! SCAM! Stay away!
2024-03-01 08:24
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