Malfex
Updated ： 2026/04/05
Malfex Review Summary
Malfex is a South Africa broker,Established in 2023,Opening an account is easy and completely digital. You can choose from 3 account types,Customer service Support English,Main service South Africa,WikiFX Score gave Malfex a score of 1.40.
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Cons
Regulatory status is unknown
The broker has a low WikiFX score
Will receive answers from most of the customers, but has a long waiting time
$200,000 USD
1:500
60+ FX pairs, metals, shares, indices, commodities
Not supported
Supported
VIP、Premium、Standard
Malfex Unverified FSCA financial institutions are regulated, Malfex is based in South Africa and was founded in 2023. Is Malfex safe?
We strongly recommend that you check two things: how you are protected if something goes wrong and what the background of the broker is.
Malfex Unverified FSCA financial institutions are regulated, Malfex is based in South Africa and was founded in 2023. Is Malfex safe?
We strongly recommend that you check two things: how you are protected if something goes wrong and what the background of the broker is.
The regulators of Malfex are as follows
When choosing a foreign exchange broker, if Unverified is found, it needs to be carefully evaluated and investigated. Here are some factors that may require attention：
1.Regulatory information: Investors need to pay attention to whether the broker is regulated by formal financial regulatory agencies to determine whether it is legal and regulated. If the broker lacks regulatory information or receives regulations from unknown or untrustworthy institutions, potential risks should be considered.
2.Company Background: Investors can investigate the broker's company registration time, business stability, management team, shareholders, and branch offices to understand their company background and whether they have complete qualifications and licenses. In addition, if a broker claims to collaborate or act as an agent with other large financial companies, investors also need to verify the facts.
3.Trading platforms and trading varieties: Investors can carefully compare and evaluate the forex trading platforms, trading varieties, service types, and fees provided by the broker, considering whether they meet personal needs and requirements. Meanwhile, if the platform or service of a broker appears overly exaggerated or boastful, or promises large returns without pursuing investor risk control, then risk must be considered.
Overall, paying attention to regulatory information and the company's background, as well as carefully evaluating the trading platforms and varieties provided by them, are factors that need to be taken into account when dealing with suspected fraudulent brokers. Avoid choosing unknown brokers, choose reputable and well-established companies for investment, and fully understand relevant information to make wise investment decisions
During this evaluation period, no negative regulatory disclosure was found for Malfex.
Years of establishment of the company
Malfex was founded in 2023. The longer the performance record a broker has, the more we can prove that they have successfully overcome past financial crises.
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Malfex's account opening is easy and completely digital. You can choose from 3 account types according to the minimum deposit, available trading platforms and trading varieties.
The specific account types of Malfex are as follows：
Malfex's account opening is easy and completely digital. You can choose from 3 account types according to the minimum deposit, available trading platforms and trading varieties.
The specific account types of Malfex are as follows：
Accounts
Products
Deposit REQ
Maximum Leverage
Spread of majors
Forced Liquidation Ratio
Spread Types
Minimum Position
Crypto
Lock postition
Scalping
EA trading
VIP
60+ FX pairs, metals, shares, indices, commodities
$200,000 USD
1:500
From 0.0
0.00
--
0.01
--
Supported
Supported
Supported
Premium
60+ FX pairs, metals, shares, indices, commodities
$15,000 USD
1:500
From 1.0
0.00
--
0.01
--
Supported
Supported
Supported
Standard
60+ FX pairs, metals, shares, indices, commodities
$500 USD
1:500
From 1.6
0.00
--
0.01
--
Supported
Supported
Supported
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Malfex's customer service support 2 languages、1 regions,You can contact them through Phone、Email and receive most of the relevant answers, but the waiting time might be longer.
You can contact Malfex through following methods：
Language
Contact
Number
English
Customer Service Number
+27 600554433
English
Email
support@malfex.co.za
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The methodology and disclaimer of this test
The methodology and disclaimer of this test
WikiFX tests are based on reliable data and impartial information. Objective analysis based on fact-testing. We want to help you to find the appropriate broker for you, it can be a difficult process, but trust us, we will conduct fair analysis with the scientific, multi-dimensional, professional data model.
WikiFX tests are based on reliable data and impartial information. Objective analysis based on fact-testing. We want to help you to find the appropriate broker for you, it can be a difficult process, but trust us, we will conduct fair analysis with the scientific, multi-dimensional, professional data model.
We will pass
Security: Analyze the information disclosed by regulators, and analyze the protection and negative disclosure information you will get from brokers.
Trading environment: the actual measurement of the trading environment with multiple data samples, and the scientific data model evaluation report.
Account Opening: We provide you with accurate account information, carefully study the account types available for the account opening process, and whether a minimum deposit is required.
Trading software: A real trading software platform for trading experience, generating a fair experience report.
Product portfolio: The number of markets that brokers provide you and the types of products they provide can effectively prove the market capabilities of brokers.
Customer Service: Our team members personally test customer support channels to understand the customer service of traders, and display the specific contact information of customer service.
Disclaimer：
WikiFX report data is for analysis and reference only. No substantial guarantees are made for your investment and transactions.
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