About Mazi Finance
- Regulation: Unregulated
- Website: https://mazifinance.com/
- Registered Country/Region: Saint Lucia
- Guaranteed funds: N/A
- Trading Platform: MT5
- Minimum deposit: $50
- Leverage: Up to 1:400
- Demo Account: N/A
Mazi Finance operates as an online brokerage, providing its clients with access to various financial markets, including forex, metals, cryptocurrencies, commodities, stocks, and indices. The company, which was established in 2023, operates from Saint Lucia and provides trading services through the popular MetaTrader 5 (MT5) platform. The broker offers attractive trading conditions, but traders should examine multiple aspects that create uncertainties before they start an account with the broker.
The broker offers traders the opportunity to use leverage, which reaches 1:400, making this feature particularly appealing to traders who want to increase their market exposure with limited funds. High leverage is another factor that increases the risk level in trading. Many new traders do not have the necessary knowledge to fully understand margin and the maximum amount they can lose when entering into a trade.
In addition to high leverage, Mazi Finance does not have demo accounts available for use. As a result, new traders are unable to test their strategies out prior to actually placing a live trade and nursing a loss.
There are many reviews on Trustpilot where users have stated that Mazi Finance only has a trust rating of around 2.6. This indicates that a significant number of users who review Mazi Finance have expressed dissatisfaction with either the services offered by this broker or have experienced difficulties withdrawing their money.
Read a complete Mazi Finance review to know more.
Regulation Status
The unregulated status of Mazi Finance creates a major risk for online trading activities.
Key concerns about the lack of regulation:
- No oversight from recognized financial authorities
- No investor protection schemes
- No guarantee of fund segregation
- Limited transparency in operations
- Dispute resolution options may be weak
Traders who use unregulated brokers face reduced protection against problems that may occur.
Trading Platform – MT5
The trading platform of Mazi Finance operates through MetaTrader 5. The platform provides users in different countries with advanced charting tools and technical indicators, and automated trading capabilities.
MT5 Features:
- The system supports different order types.
- The system provides users with advanced charting capabilities.
- The system provides users with automated trading through Expert Advisors.
- The system enables users to trade multiple types of assets.
- Users can access the platform from both their mobile devices and desktop computers.
While MT5 itself is a reliable platform, the overall trading experience also depends on the broker’s execution quality and policies.
Account Types
| Account Type | Minimum Deposit | Commission (Per Side) | Suitable For |
|---|---|---|---|
| Zero Starter | $10 | From $3.5 | Beginners |
| Zero Plus | $500 | From $2.5 | Intermediate traders |
| Zero Prime | $10,000 | From $1.5 | Professional traders |
Minimum Deposit
Mazi Finance provides multiple entry levels, which depend on the user’s selected account type. The Zero Starter account lets traders begin their trading activities with only $10, while advanced accounts require either $500 or $10,000 to start. New traders might find low entry barriers attractive; however, they need to evaluate trading costs against safety requirements and broker reputation.
Additional Concerns
- No demo account available
- Possible regional restrictions
- Low Trustpilot rating (2.6)
- Reports of withdrawal and support issues
Final Thoughts
Mazi Finance provides access to multiple asset classes and the MetaTrader5 trading platform with lower minimum initial funding requirements; however, they are unregulated, have no demo account available, and have received numerous negative reviews from users. As these points can be viewed as serious red flags, traders must evaluate their trading options carefully and consider more regulated options for improved safety and security, as well as enhanced levels of transparency.
How Scams Report Helps Victims Recover Lost Funds
If you’ve lost money to Mazi Finance Broker or a similar platform, Scams Report can guide you through potential recovery options.
Our Services Include:
- Free Case Evaluation: Review your situation and suggest a recovery path.
- Chargeback Assistance: Help initiate card disputes to reclaim funds.
- Crypto Recovery: Specialized support for victims of cryptocurrency fraud.
- Legal Guidance: Access to trusted partners for filing formal fraud complaints.
We provide personalized support and step-by-step help to increase your chances of recovering lost funds.
About Scams Report
Scams Report is an independent organization that exposes online investment frauds and helps victims recover lost money. Our experts have over a decade of experience tracking scam websites and maintaining a live database of fraudulent brokers.
We publish verified scam alerts, broker reviews, and recovery resources to protect traders worldwide and promote financial awareness.
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Disclaimer: Online reports, user reviews, and publicly accessible data served as the foundation for this analysis. It is meant to be educational. Before investing with any broker, always do extensive research.
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