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Malfex

Severe riskForex / CFD broker
🇿🇦 South Africa · 2-5 years · since 2023-07-07 · Malfex Group
FSCA
—/5
★★★★★ ★★★★★
0 reviews ›
1
Licenses ›
0
Withdrawal issues ›
$500
Min. deposit ›
1:500
Max leverage ›
3
Account types ›
85/100
Scam risk ›
0
Clone sites ›
Accounts: VIP · $200,000 USDPremium · $15,000 USDStandard · $500 USD
▲ 0% positive▼ 0% negative
Independent ratingshow third parties score this broker
WikiFX1.41/10
Trustpilot—/5
Forex Peace Army—/5
🛡️ Been scammed or can’t withdraw from Malfex? Our free assistant writes up your case and shows exactly what to do next →
🇺🇸
No sign that Malfex 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.
85
Severe risk
Scam Risk Scoremonitored · 2026-07-28
Lower riskHigher risk
  • Listed as “Fake Broker” in industry watchdog records
  • Identified as a clone / impersonator firm
  • No verifiable website or social-media presence
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 & licensing9735%
Company age4515%
Clone / impersonation10012%
Withdrawal & exposure complaints012%
Offshore registration458%
Transparency (site/info/social)7810%

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 nameMalfex Group
Headquarters🇿🇦 South Africa
Founded2023-07-07
Years operating2-5 years
Employees0
Official website—
Trading conditions
Avg execution speed0 ms
Avg slippage0
Swap rating—
Trading cost rating—
Monitored traders0
Monitored orders0
Funding & instruments
Deposit methods · --
Withdrawal methods · --
Instruments60+ FX pairsmetalssharesindicescommodities
Registered address
THE GATEHOUSE UNIT 207, CENTURY CITY,WESTERN CAPE 7441

Regulation & licenses · 1

RegulatorLicense typeLicense No.RegionStatus
FSCAForex Trading License (EP)51598South Africa—

Account types · 3

AccountMax leverageMin. depositMin. spreadCommissionEA
VIP1:500$200,000 USDFrom 0.0per Lot USD $3 per side✓
Premium1:500$15,000 USDFrom 1.0--✓
Standard1:500$500 USDFrom 1.6 --✓

Review analysis AI

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.

0
Period:

Real user reviews

Where Malfex operates

Based on its licenses and complaint records.

🇿🇦 South Africa Licensed

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.

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About Malfex

Malfex 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