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General Information & Regulation
Maliyat, a trading name of Maliyat Group Limited, is allegedly an STP/ DMA / NDD brokerage firm established in 2007 and registered in the United Arab Emirates, authorized and regulated by the Financial Services Authority (Registration Number. 25343 BC 2019). The broker claims to provide its clients with over 1,000 tradable financial instruments with leverage up to 1:500 and variable spreads from 0 pips on its own-designed trading platform, as well as a choice of three different account types.
Maliyat advertises that it offers more than 1,000 trading products in financial markets, including forex, precious metals, CFDs and stocks. Some other trading assets like indices, energy, cryptocurrencies and commodities are also available.
Apart from demo accounts, there are three live trading accounts offered by Maliyat, namely Standard, Gold and VIP. Opening a Standard account requires the minimum initial deposit amount of $500, while the other two account types have much higher minimum initial capital requirements of $15,000 and $200,000 respectively.
A leverage ratio of up to 1:500 is offered by Maliyat, which is much higher than that provided by most brokers. Inexperienced traders are advised not to use too much leverage since leverage magnifies gains and losses.
Spreads & Commissions
Maliyat claims that different account types can enjoy quite different spreads and commissions. In particular, the spread on the Standard account starts from 2 pips, while the clients on the Gold account have spread from 1 pip and the VIP account can enjoy raw spreads from 0 pips. As for commissions, the Standard and Gold account are commission-free, while the VIP account will be charged a commission of $3.5.
Trading Platform Available
The platform available for trading at Maliyat is an unnamed trading platform, available on Windows, Mac, Android and iPhone devices. The broker says that it is a widely regarded forex trading platform, offering an easy-to-use user interface, various charts and technical indicators and most importantly the MQL language which allows the user to easily program indicators and also Expert Advisors (EAs) – automated trading strategies that can trade the forex market 24/5 without any user intervention.
In any case, we recommend using MT4 or MT5 for your trading platform. Forex traders praise MetaTrader's stability and trustworthiness as the most popular forex trading platform. Expert Advisors, Algo trading, Complex indicators, and Strategy testers are some of the sophisticated trading tools available on this platform. There are currently 10,000+ trading apps available on the Metatrader marketplace that traders can use to improve their performance. By using the right mobile terminals, including iOS and Android devices, you can trade from anywhere and at any time through MT4 and MT5.
Deposit & Withdrawal
From the logos shown at the foot of the home page on Maliyats official website, we found that this broker seems to accept numerous means of deposit and withdrawal choices, consisting of MasterCard, Skrill, Visa, Bank Transfer, Neteller and Bitcoin. The minimum initial deposit requirement is $500. As for the processing time of withdrawal requests, it will take up to one business day to process and release the funds to your chosen destination.
Maliyats customer support can be reached by telephone: +971 4567-9500, email: email@example.com or send messages online to get in touch. Office address: Maliyat Limited, First St.Vincent Bank Building, James Street, Kingstown, St.Vincent And The Grenadines.
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