A transparent weighted score from objective public data — each factor scored 0–100 (higher = riskier), combined by the weights below.
| Factor | Score | Weight |
|---|---|---|
| Regulation & licensing | 97 | 35% |
| Company age | 45 | 15% |
| Clone / impersonation | 100 | 12% |
| Withdrawal & exposure complaints | 0 | 12% |
| Offshore registration | 45 | 8% |
| Transparency (site/info/social) | 78 | 10% |
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.
| Regulator | License type | License No. | Region | Status |
|---|---|---|---|---|
| FSCA | Forex Trading License (EP) | 51598 | South Africa | — |
| Account | Max leverage | Min. deposit | Min. spread | Commission | EA |
|---|---|---|---|---|---|
| VIP | 1:500 | $200,000 USD | From 0.0 | per Lot USD $3 per side | ✓ |
| Premium | 1:500 | $15,000 USD | From 1.0 | -- | ✓ |
| Standard | 1:500 | $500 USD | From 1.6 | -- | ✓ |
There aren’t enough independent reviews for Malfex yet to draw firm conclusions. The lack of public feedback is itself a caution sign for a smaller or newer broker.
0Malfex is a forex and CFD broker based in South Africa, with records dating to 2023-07-07. It reports oversight from FSCA.
FXCanary’s verdict is “Severe.” The combination of weak regulation and user complaints means your capital could be at serious risk.
Overview compiled by FXCanary from regulatory records and public data. full Malfex review