Report a scam Find my broker
Brokers  /  Mabicon

Mabicon

Moderate riskForex / CFD broker
🇿🇦 South Africa · 2-5 years · since 2023-09-07 · Mabicon (PTY) Ltd
FSCA
Visit site ↗
—/5
★★★★★ ★★★★★
4 reviews ›
1
Licenses ›
3
Withdrawal issues ›
$100
Min. deposit ›
1:5000
Max leverage ›
4
Account types ›
44/100
Scam risk ›
0
Clone sites ›
Accounts: ECN · $500Cent (Nano) · $100ECN Pro · $1000Standard · $100
▲ 50% positive▼ 25% negative
Independent ratingshow third parties score this broker
WikiFX1.43/10
Trustpilot—/5
Forex Peace Army—/5
🛡️ Been scammed or can’t withdraw from Mabicon? Our free assistant writes up your case and shows exactly what to do next →
🇺🇸
No sign that Mabicon actively operates in your country (United States). If you were solicited from here, be extra cautious — it may be an unregulated approach or a clone.
44
Moderate risk
Scam Risk Scoremonitored · 2026-07-28
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

Where Mabicon operates

Based on its licenses and complaint records.

🇿🇦 South Africa Licensed
🇮🇩 Indonesia 1 complaint

Market presence: WikiFX SkyEye · complaints: our records · licensing: official registers. Where you’re accepted is set by the broker’s own terms — always confirm before depositing.

Similar brokers

Investec
South Africa · TP 4.7
Guarded ⇄ Compare with Mabicon
EMAR MARKETS
South Africa · TP 2.8
Guarded ⇄ Compare with Mabicon
RaiseFX
South Africa · TP 4
Guarded ⇄ Compare with Mabicon
Banxso
South Africa · TP 3.9
Guarded ⇄ Compare with Mabicon

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