MEFIC Capital

MEFIC Capital Information

Established in 2007, MEFIC Capital is an unregulated 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

Is MEFIC Capital Legit？

MEFIC Capital currently does not hold any valid regulatory certificates. Although it is incorporated in Saudi Arabia, it lacks regulation from any recognized financial authority. Opening an online brokerage account can be an easy way to start investing and there are always risks in investing. But we can choose to stay away from certain risks.

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.

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. Furthermore, MEFIC Capital is not regulated by a financial authority with strict standards. There are many other brokerages that adhere to stringent regulatory standards and give you more customer support choices. If you're a beginning investor, you may want to try another online investing platform.

FAQs

Is MEFIC Capital safe？

MEFIC Capital is not regulated by any reputable financial authority. Before choosing a brokerage, remember to consider the risk involved.

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. Please make sure that you totally understand the risks involved and notice that the information above provided in this review may be subject to alteration owing to the constant updating of the company's services and policies.