Mabicon Forex broker specializes in providing foreign exchange trading services, the company's official website https://mabicontech.com/member/auth/register, the company's legitimate regulatory information South AfricaFSCAFinancial Service, to enhance the security of the company's address 23-03 Embassy building 188 Anton Lembede St, Durban Central, Durban, 4001 South Africa.
Mabicon Forex Broker
Basic information
South Africa
2-5 years Regulated in South Africa Financial Service MT5 Full License Regional BrokersCompany profile
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.
Pros and Cons
| Pros | Cons |
| Well regulated | No deposit and withdrawal information |
| 4 kinds of accounts | |
| The spread starts at 0 | |
| No commissions | |
| Support MT5 |
Is Mabicon Legit?
| Regulated Country/Region | |
| Regulated Authority | FSCA |
| Regulated Entity | Mabicon (PTY) Ltd |
| License Type | Financial Service |
| License Number | 52698 |
| Current Status | Regulated |
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 Instruments | Supported |
| Currencies | ✔ |
| 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 Types | Cent (Nano) | Standard | ECN | ECN Pro |
| Minimum Deposit | $100 | $100 | $500 | $1,000 |
| Maximum Leverage | 1:5000 | 1:5000 | 1:5000 | 1:5000 |
| Trading Platform | MT5 | MT5 | MT5 | MT5 |
| Products | FX Major/ Metals | FX Major/ Metals | FX Major/ Metals | FX Major/ Metals |
| Stop Out Level | 20% | 20% | 20% | 20% |
| Spreads From | 1.6 | 1.6 | 1.6 | 1.6 |
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.
Trading Platform
Mabicon offers the MT5 trading platform, which can be traded on the web, desktop and mobile versions.
| Trading Platform | Supported | Available Devices | Suitable for |
| MT5 | ✔ | Web, Desktop, Mobile | Skilled Traders |
| MT4 | ❌ |
Rating Index
Cent (Nano)
ECN Pro
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Latest Reviews
Laterbit
Belarus
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.
Positive
2024-07-03
Yuk Chukwueze
Nigeria
Wonderful trading app very fast execution of trade zero commission , all devices zero fee's , cash deposit and withdrawal Excellent 👍
Positive
2024-05-17
Juan Chang
Hong Kong
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.
Neutral
2024-07-11