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Mabicon

Moderate risk
🇿🇦 South Africa · 2-5 years · since 2023-09-07 · Mabicon (PTY) Ltd
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44
Moderate risk
Scam Risk Scoremonitored · 2026-07-06
Lower riskHigher risk
  • Withdrawal complaints in ~75% of recent reviews
How this score is calculated — view the open algorithm

A transparent weighted score from objective public data — each factor scored 0–100 (higher = riskier), combined by the weights below.

FactorScoreWeight
Regulation & licensing6835%
Company age4515%
Clone / impersonation012%
Withdrawal & exposure complaints3012%
Offshore registration458%
Transparency (site/info/social)2510%

Based on public regulatory records, industry databases and independent reviews (Trustpilot, Forex Peace Army). Exit Risk reflects recent negative momentum in real reviews. A risk estimate from public data, not a definitive legal judgment; brokers may request a correction.

Company
Legal nameMabicon (PTY) Ltd
Headquarters🇿🇦 South Africa
Founded2023-09-07
Years operating2-5 years
Employees0
Official websitemabiconfx.com
Trading conditions
Avg execution speed0 ms
Avg slippage0
Swap rating
Trading cost rating
Monitored traders0
Monitored orders0
Funding & instruments
Deposit methods · --
Withdrawal methods · --
InstrumentsFX Major/ Metals
Registered address
23-03 Embassy building 188 Anton Lembede St, Durban Central, Durban, 4001 South Africa

Regulation & licenses · 1

RegulatorLicense typeLicense No.RegionStatus
FSCADerivatives Trading License (EP)52698South Africa

Account types · 4

AccountMax leverageMin. depositMin. spreadCommissionEA
ECN1:5000$500From 1.6--
Cent (Nano)1:5000$100From 1.6--
ECN Pro1:5000$1000From 1.6--
Standard1:5000$100From 1.6--

Review analysis AI

Across 4 recent Trustpilot reviews, 25% are 1–2 star. The single most common complaint is being unable to withdraw funds (3 reports) — the classic warning sign in forex.

0
Period:
What users praise
Where reviewers are from
Indonesia1
Hong Kong1
Belarus1
Nigeria1

Real user reviews

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About Mabicon

Mabicon is a forex and CFD broker based in South Africa, with records dating to 2023-09-07. It reports oversight from FSCA.

FXCanary’s verdict is “Guarded.” There are enough red flags that we’d urge caution before depositing.

Overview compiled by FXCanary from regulatory records and public data. full Mabicon review