Mabicon Forex Broker

MabiconReview SummaryFounded2022Registered Country/RegionSouth AfricaRegulationRegulatedMarket InstrumentsCurrenciesPrecious metals & CommoditiesCFDs IndicesCryptocurrenciesDemo Account✅LeverageUp to 1:5000SpreadFrom 0Trading PlatformMT5Min Deposit$100Customer SupportPhone: +27760854566Email: info@mabiconfx.comOnline Chat: 24/7Social Media: Facebook, LinkedinPhysical Address: Alice Lane， Phase 3， 4th Floor， Alice Lane， Sandhurst， Sandton， Gauteng， 2146， Johanesburg， ZAMabicon 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.Pros and ConsProsConsWell regulatedNo deposit and withdrawal information4 kinds of accountsThe spread starts at 0No commissionsSupport MT5Is Mabicon Legit?Regulated Country/RegionRegulated AuthorityFSCARegulated EntityMabicon (PTY) LtdLicense TypeFinancial ServiceLicense Number52698Current StatusRegulatedWhat 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 InstrumentsSupportedCurrencies✔Precious metals & Commodities✔CFDs Indices✔Cryptocurrencies✔Stocks❌Bonds❌ETF❌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 ProMinimum Deposit$100$100$500$1,000Maximum Leverage1:50001:50001:50001:5000Trading PlatformMT5MT5MT5MT5ProductsFX Major/ MetalsFX Major/ MetalsFX Major/ MetalsFX Major/ MetalsStop Out Level20%20%20%20%Spreads From1.61.61.61.6Mabicon Fees Mabicon's accounts all have spread starting at 1.6. In addition, it claims that it supports spreads from 0 and no commission.Trading Platform Mabicon offers the MT5 trading platform, which can be traded on the web, desktop and mobile versions.Trading PlatformSupportedAvailable DevicesSuitable forMT5✔Web, Desktop, MobileSkilled TradersMT4❌