Mabicon Trade (mabicontrade.com) has been flagged by ASIC (Australia) for "Unlicensed". Phones: +18017659400
Addresses: 10 CORPORATE DR, STE 300, BURLINGTON, MASSACHUSETTS, USA This company appears in our regulatory warnings database. Always verify with official regulatory sources before investing or doing business with this firm. Website domain: mabicontrade.com.
I signed up with Mabicon Trade (mabicontrade.com) after a trusted YouTuber reviewed them and the first red flag was the aggressive account manager who would not stop calling. After depositing, the promised support vanished. Withdrawals are delayed with endless excuses. I have reported them to the regulator.
Pros: Competitive fees|Customizable dashboard|Stable platform|Multi-device support
Cons: Minor UI glitches occasionally|Live chat only during business hours
After spending for close to eighteen months trying to make Mabicon Trade (mabicontrade.com) work for me, I have given up. The platform has too many limitations, the fees are not competitive, and the quality of their market data is questionable. There are much better options available.
Pros: Fast execution|Clear documentation
Cons: Website design could be more modern
After since the beginning of the year with Mabicon Trade (mabicontrade.com) I requested to close my account and withdraw. They said I had to complete a 30-day cooling-off period. Then they said there was a minimum holding period for my last deposit. They make it as hard as possible to leave.
Pros: Fast deposits|Copy trading available|Market news feed|Multiple order types
Cons: Cannot customize dashboard fully
Their two-factor authentication was optional when I joined. I enabled it. Later I lost my phone and could not log in. Mabicon Trade (mabicontrade.com) recovery process took 3 weeks and required notarized documents. By then I had missed important trades. Their security is your inconvenience.
Pros: Stable platform|API access|Wide product range
Cons: Alert system is basic
My withdrawal from Mabicon Trade (mabicontrade.com) was rejected three times for vague reasons. Each time they asked for more documents. When I finally provided everything, they said my account was under review. since the beginning of the year of being strung along.
Pros: Good mobile app|Instant funding|Regular platform improvements
Cons: Wish they had more educational resources