Mazi Finance is a forex broker founded in Saint Lucia in 2023, mainly providing investors with foreign exchange, metals, commodities, stocks, indices trading services, the company's actual office address is located in Castries, Saint Lucia. In addition, the company's website indicates that it does not provide services to jurisdictions that may violate local laws or regulations, including but not limited to the United States, Cuba, Iraq, Myanmar, North Korea, Sudan and other countries or regions.
Company background:
The "Privacy Policy" on the website of Mazi Finance shows that the company's physical address is in Saint Lucia, according to which a query through the Saint Lucia International Finance Centre (IFC) website shows that the company is registered in Saint Lucia. In addition, the domain name registration information of the website queried by Whois shows that the company's official website domain name was registered on August 24, 2023, and the domain name registration time is not more than 1 year ago.
Account Registration:
According to Mazi Finance's website, the company provides investors with a link to sign up for a real account. The Registration method of the real account is: click "Registration" at the upper right corner of the official website of Mazi Finance to enter the account registration page, and select or fill in the Email, password, name, date of birth, telephone number and other information as required to complete the registration of the real account. The Mazi Finance account registration page is in English only. However, the Mazi Finance website does not provide registration information for the demo account.
Account Type:
According to Mazi Finance's website, the company offers investors Standard accounts in Bronze, Silver and Gold, Professional Account includes Platinum, Raw Spread, VIP two categories, six sub-categories of account types. In addition, the Mazi Finance website also provides these different types of trading accounts, in terms of applicable groups, minimum deposit amount, spread, commission and customer service differences.
Trading Products:
According to the official website of Mazi Finance, the company provides investors with foreign exchange, metals, commodities, stocks, indices trading services. In addition, although the official website of Mazi Finance provides the spread and margin (leverage) ratio of foreign exchange, metals, commodities, stocks, indices and other asset classes, the official website of Mazi Finance does not provide specific trading products covered by foreign exchange, metals, commodities, stocks and indices. It also does not provide information on commissions, minimum trading units, maximum trading units and overnight interest for specific trading products.
Margin ratio:
Mazi Finance not only shows the maximum margin (leverage) ratio for investors up to 1:400 on the homepage of its official website, but also shows the maximum margin (leverage) ratio information for different types of accounts in the "Account Type".
Trading Hours:
The official website of Mazi Finance does not provide information on the trading hours of specific trading products covered by Forex, metals, commodities, stocks and indices.
Deposits and Withdrawals:
The official website of Mazi Finance does not provide the deposit and withdrawal channels and methods it supports, nor does it provide the deposit and withdrawal currencies it supports, as well as information such as deposit and withdrawal fees and deposit and withdrawal time.
Trading Software:
According to the official website of Mazi Finance, the company provides investors with MetaTrader5 (MT5) trading software. The MT5 software from Mazi Finance is available for PC (Winodws/MacOS), Web and mobile (IOS/Android). However, the Android version of MT5 software in some countries or regions, there are problems that can not be downloaded or downloaded installation speed is slow.
Other services:
Mazi Finance provides investors with an economic calendar, market news and investment calculator, according to its website. The Economic calendar can help investors understand the economic data or financial events that have happened or are about to happen in the financial market. Market news can help investors grasp the hot news of the financial market and the impact of hot news formation. Investment calculators include profit and loss calculators and profit calculators, which can help investors to simulate the trading process or trading results in advance.
Regulatory information:
The Mazi Finance website does not provide regulatory or licensing information. The website of Mazi Finance shows that the Saint Lucia Financial Services Regulatory Authority (FSRA), the company's actual home regulator, does not find any regulatory or authorisation information related to the company.
Summary:
Mazi Finance is suspected of fraud. Although a query on the Saint Lucia International Financial Centre (IFC) website shows that the company is registered in Saint Lucia. However, the Mazi Finance website does not provide its regulatory or authorization information, and the Mazi Finance website shows that the company's actual home regulator, the Saint Lucia Financial Services Regulatory Authority (FSRA) website, does not find any regulatory or authorization information related to the company. Judging from this, Mazi Finance is suspected of fraud, and investors should be careful to choose the services provided by the company. TraderKnows reminds you, please pay attention to your property safety, to avoid falling into the fraud trap.
