MaceMarkets Review: Unverified Regulation Claims, Mwali Registration Only—High-Risk Warning

The platform TraderKnows is about to expose is a typical "three-No" platform: no regulation, no registration, no history. This platform just went online last month and registration is not yet open, but it's certain that this is a high-risk platform targeting traders in Chinese-speaking regions! Please lose interest in MaceMarkets because it is very likely to cause you significant financial loss.

Zero Regulation, Zero Registration: Is This Really a Broker Ready to Operate?

MaceMarkets claims on its official website that it is regulated by multiple regulatory authorities, totaling six, including the well-known Australian Securities and Investments Commission (ASIC) and the United Arab Emirates Securities and Commodities Authority (SCA). But is it really as MaceMarkets declares? One must know that a forex broker with so many regulations must be a large broker such as AvaTrade, Fxpro, or Exness.

However, according to our real investigation, MaceMarkets is not regulated by any of the organizations it claims, not even one! So why would you put your hard-earned money into a broker that falsely claims to be regulated by multiple agencies?

Let's discuss the corporate entity of MaceMarkets. If we dig deeper, MaceMarkets indeed got a "registration". In the "Contact Us" section of MaceMarkets, you can see its registered address as Moheli Corporate Services LTD

P.B. 1257 Bonovo Road, Fomboni, Comoros, KM. We found MaceMarkets' registration information at the Moheli International Services Authority. The registered entity is MACE MARKET LTD, with license number BFX2025117, and registration date of September 17, 2025, which is less than a month from the deadline (October 11, 2025). We haven't even touched on what trust a newly registered enterprise can offer to investors, but this so-called Moheli International Services Authority's registration already raises many questions.

To conclude, this entity is a private organization that has no authority to regulate brokers or businesses. Simply put, it’s an organization where you pay to have your name added. As the only official financial regulatory body in Comoros, the Central Bank of Comoros (Banque Centrale des Comores) points out that the Comoros Central Bank has not authorized the Moheli International Services Authority or similar institutions on other Comoros islands to issue financial licenses.

Additionally, the Financial Markets Authority (FMA) of New Zealand has referred to the Moheli International Services Authority as a scam organization in past reports.

In summary, MaceMarkets does not have any official recognized regulation or registration. It’s essentially a platform operating without any clothes.

PS: At the time of writing, MaceMarkets has already removed its so-called regulatory information from its official website, but Google still records MaceMarkets' false advertising.

How to Verify Regulations: Don't Just Take Our Word for It

Based on MaceMarkets' claimed regulations, TraderKnows takes you through the verification process, one by one.

Cyprus Securities and Exchange Commission (CySEC)

1. Visit the official website of the Cyprus Securities and Exchange Commission (CySEC).
2. Enter the Investment Firms section under Investment Firms (Cypriot).
3. Search for the broker's name you want to find in the search box.

Financial Services Commission (FSC) of Mauritius

1. Log in to the official website of the Financial Services Commission (FSC) of Mauritius.
2. Find Register of Licensee under Supervision.
3. Click on the blue link of Register of Licensee to enter the search.
4. Search for the broker's name you want to find in the search box.

St. Vincent and the Grenadines Financial Services Authority (SVGFSA)

1. Visit the official website of the St. Vincent and the Grenadines Financial Services Authority (SVGFSA).
2. Click on Entity Name Search to enter the search.
3. Search for the broker's name you want to find in the search box.

South Africa FSCA

1. Visit the official website of the Financial Sector Conduct Authority (FSCA) of South Africa.
2. Find the Search button to enter the search interface.
3. Search for the broker's name you want to find in the search box.

UAE SCA

1. Visit the official website of the Securities and Commodities Authority (SCA) of the UAE.
2. Find Licensed Companies under Open Data to enter the search.
3. Search for the broker's name you want to find in the search box.

Australia ASIC

1. Visit the official website of the Australian Securities and Investments Commission (ASIC).
2. Click on Professional registers under Search ASIC registers to enter the search.
3. Search for the broker's name you want to find in the search box.

Partnering with MT5, But No MT5 in Sight

In its press release, MaceMarkets claimed to partner with MT5, but TraderKnows found no MaceMarkets server in MT5. Furthermore, MaceMarkets has not yet opened any account registration or login portal; in addition, when one attempts to download MT5 from MaceMarkets, it redirects to a registration trading link of Aoertegroup.

This not only reflects the poor construction of the MaceMarkets website but also suggests that MT5 might just be a gimmick. When users want to apply for MT5 trading on MaceMarkets, the platform might give you a pirated MT5 link or another app, claimed to be "better".

In Conclusion

In short, for this new platform, I advise you not even to have the thought of trying it. False regulatory claims, false registration information—this is a platform that hasn't even fully built its website. Investors, open your eyes before making any deposits to avoid being scammed!