Mazi Finance Broker Overview
- Website: https://mazifinance.com/
- Website Availability: Yes
- Address: United Arab Emirates
- Warning Notices: Not Recommended By Review Website Like Lycan Retrieve
- Domain Blacklisted Status: It seems there is no direct mention of this domain being on a blacklist.
Founded in 2023 and with its headquarters in the UAE, Mazi Finance is a self-declared multi-asset online trading platform and acts as a broker for Forex, Stocks, Cryptocurrencies, Commodities, and Indices. Further, it endorses net benefits such as low minimum deposit, tight spread, and high leverage. Yet, even beyond that beautiful exterior lie several concerns over its regulatory status and transparency. These and other issues will be elucidated further in this Mazi Finance review.
Key Features Claimed by Mazi Finance
- Trading Instruments: Forex, Crypto, Stocks, Indices, Commodities
- Account Types: Standard, Professional, and Raw Spread
- Minimum Deposit: Starts at just $50
- Leverage: Up to 1:400
- Spread: As low as 0.0 pips
These features appear appealing to new traders, but it’s vital to examine the legitimacy behind the offerings.
Offshore Registration – A Major Red Flag
Registered in Saint Lucia
MaziMatic Financial Services LTD, after being alleged to have offices in Dubai and Saint Lucia, is suspected to have ownership of Mazi Finance. The entity in Saint Lucia, supposedly listed with the IFC International Financial Centre, has a registry that does not issue forex trading licenses. Likewise, FSRA of Saint Lucia does not license and regulate forex brokers very pointedly.
Lack of Regulation and Oversight
No License in the UAE
The complete absence of records of licensing by either the Central Bank of the U.A.E. (CBUAE), the Securities and Commodities Authority (SCA), or the Dubai Financial Services Authority (DFSA) renders Mazi Finance’s claim of having an office in Dubai a fraud. It is very doubtful and illegal to run financial services from the U.A.E. without proper authorization, and may put a trader at risk.
Take Action Today
Don’t wait if you’ve been scammed. To discuss your options and begin your recovery process, contact us for a free consultation. Your financial security is important, and being proactive can help protect it.
At Lycan Retrieve, we work to restore your losses and deliver results. Contact us now to regain management of your finances.
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