Maleyat Company Overview:
Maleyat is a forex broker based in the United Arab Emirates, primarily offering trading services in forex, indices, commodities, and stocks. The legal entity of the broker is Maleyat Group (PTY) LTD, with a registered address at Maleyat Group (PTY) LTD, 242 Corlett Drive, Bramley, Johannesburg 2018. The specific office address is 57 Al Mehairi Building, RAS AL KHOR, DUBAI, UAE, P.O.BOX 390066. According to the WHOIS database, the broker's official domain, maleyat.com, was registered on March 24, 2022. Additionally, the broker explicitly states that its services are not available to citizens or residents of the United States, Cuba, Iraq, Myanmar, North Korea, Sudan, Afghanistan, Belarus, Iran, Libya, the Russian Federation, Syria, and Venezuela.
Is Maleyat Compliant and Legal? Does it hold the relevant financial regulatory license?
Maleyat indicates on its official website that it is regulated by the Financial Sector Conduct Authority (FSCA) of South Africa, with regulatory license number 51598. The regulatory details of this broker can be verified on the FSCA website. Given the inherent risks in trading financial products like forex, investors are advised to choose brokers regulated by relevant authorities to safeguard their financial security.
Trading Instruments provided by Maleyat:
According to Maleyat's official website, the broker primarily offers trading services in financial derivatives, including forex, indices, commodities, and stocks.
Trading Software provided by Maleyat:
On the broker's official website, the provided trading software includes the MT5 trading platform, which is compatible with PC, mobile devices, and web browsers. Additionally, Maleyat offers its proprietary trading platform, Maleyat Web Trader.
Fund Security:
Maleyat has not disclosed any third-party fund regulatory information on its official website, indicating potential risks to the safety of user funds.
Deposit and Withdrawal Channels:
Maleyat has not provided information about user deposit and withdrawal channels on its official website, making it unclear how users can deposit and withdraw funds.
Leverage Ratio:
The broker discloses a leverage ratio of 1:500, allowing investors to magnify their investment amount by 500 times for trading. TraderKnows advises that while high leverage presents opportunities for high returns, it also comes with elevated risks.
Conclusion:
Maleyat is a forex broker located in the United Arab Emirates, specializing in providing trading services in forex, indices, commodities, and stocks. The broker is regulated by the Financial Sector Conduct Authority (FSCA) and holds regulatory license number 51598. Currently, Maleyat is marked as "Regulated" on TraderKnows.
TraderKnows underscores the importance of recognizing the inherent risks associated with trading financial products like forex. Investors are advised to select brokers that comply with regulations, enhancing vigilance and securing their financial assets.
