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Score

5.29 /10
Average

Mabicon

South Africa

2-5 years

Regulated in South Africa

Financial Service

MT5 Full License

Regional Brokers

https://mabiconfx.com

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Score

Regulatory Index3.51

Business Index5.46

Risk Management Index9.33

Software Index9.02

License Index3.51

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Licenses

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

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1G

40G

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Mabicon · Company 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
MT5✔Web, Desktop, MobileSkilled Traders
MT4❌
Trading Platform

User Reviews

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5

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Juan Chang
more than one year
Mabicon seems like a decent option for new traders. They offer a cent account which is good for starting small, but their educational resources are a bit limited.
Mabicon seems like a decent option for new traders. They offer a cent account which is good for starting small, but their educational resources are a bit limited.
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2024-07-11 10:25
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Laterbit
more than one year
Honestly, at first I was already give up on Mabicon due to its processing of my information, but unfortunately I received a call from their customer care, she helped me with half an hour I received my real account ID, thanks 🙏 for good and better services. I love it.
Honestly, at first I was already give up on Mabicon due to its processing of my information, but unfortunately I received a call from their customer care, she helped me with half an hour I received my real account ID, thanks 🙏 for good and better services. I love it.
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2024-07-03 18:47
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