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No Regulation
Score
1.11 /10
Danger
MEFIC Capital
Within 1 yearSuspicious Regulatory License
Suspicious Scope of Business
High potential risk
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Comparison
Expose
Exposure
Time Machine
Website
Score
Regulatory Index0.00
Business Index3.88
Risk Management Index0.00
Software Index4.00
License Index0.00
Time Machine
Website
Licenses
No valid regulatory information, please be aware of the risk
VPS Standard
No restriction on the broker account. Support service provided by WikiFX
Single Core
1G
40G
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Warning: Low score, please stay away!
Previous Detection :
2024-12-26
- It has been verified that this broker currently has no valid regulation. Please be aware of the risk!
WikiFX Verification
MEFIC Capital Information
Established in 2007, MEFIC Capital is a regulated brokerage company registered in Saudi Arabia. This firm boasts of its extensive counseling services, including wealth management, private equity, investment banking, and custody. However, its lack of transparency about trading fees and limited customer support options are major drawbacks.
Pros and Cons
| Pros | Cons |
| Regulated by FinCEN | |
| Extensive counseling services | Limited customer support options |
| Offer products and services for individual, corporate, and institutional clients | Lack of transparency about trading fees |
| Investing in shares of the Saudi Stock Exchange |
Is MEFIC Capital Legit?
MEFIC Capital is regulated by the FinCEN.
Products & Services
MEFIC Capital presents investment opportunities in the Saudi Arabian market to a wide selection of clients, from individual investors to corporations and institutions. Based on this, MEFIC Capital provides services in the areas of wealth management, private equity, investment banking, and custody. It also invests in shares of the Saudi Stock Exchange “Tadaur”.
Customer Support Options
For any question you might have, help is available via email (support@meficmarkets.com) and social media channels (Twitter, etc). There is no customer support phone number listed on the website and live chat isn't available.
| Contact Options | Details |
| Phone | ❌ |
| support@meficmarkets.com | |
| Support Ticket System | ❌ |
| Online Chat | ❌ |
| Social Media | |
| Supported Language | English |
| Website Language | English |
| Physical Address | Riyadh, Kingdom of Saudi Arabia |
The Bottom Line
MEFIC Capital could be a option if you focus on the Saudi Arabian market. However, potential clients might be wipsawed by the lack of transparency about trading conditions and limited customer support channels. If you're a beginning investor, you may want to try another online investing platform.
FAQs
Is MEFIC Capital good for beginners?
No, its website lacks information about account types and trading fees. Furthermore, customer support options are limited.
Does MEFIC Capital offer investing banking services?
Yes, MEFIC Capital provides lots of counseling services for customers.
Risk Warning
Online trading involves considerable risk, so it may not be suitable for every client.
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