Almahfaza.com Review

2.461 • 10 REVIEWS
Out of business ST Services
Updated: Dec 26, 2023
Almahfaza is a forex broker. Almahfaza offers the WebTrader and Mobile forex trading platform. Almahfaza.com offers over 45 forex currency pairs, cfds, commodities, stocks, indices, gold, silver and oil for your personal investment and trading options.
The default language is Arabic but English is available in the language button at the upper left corner.
Related sites include Trade360.com.
Website is down. Company seems to be out of business.

Broker Details

Minimum Trade Size: 0.01
Maximum Leverage: 30:1
Minimum to Open Live: $500
Established: Unknown
Address: Trust Company Complex, Ajektake Road, Ajeltake Island, Majuro, MH96960, Marshall Islands
Contact: support@almahfaza.com, +44 330.390.2900
Regional offices:
Regulators:
Prohibited countries:
Trading platforms: WebTrader, MobileTrader (MobileApp)
Web Trading: ✅ Yes
Mobile Trading: ✅ Yes
ECN: ✅ Yes

Trading Instruments

Currencies: (45+)
Cryptocurrencies:
CFD: (495+) Gold, Silver, Stocks, Stock Indexes, Oil, Other Commodities

Trading Conditions

Managed Accounts & Social Trading

MAM: ✅ Yes
PAMM: ✅ Yes
Deposit Methods: Bank Wire (BankTransfer/SWIFT), VISA, MasterCard
Withdrawal Methods: Bank Wire (BankTransfer/SWIFT), VISA, MasterCard
* Please check broker website for more information
2.461 • 10 REVIEWS

Recent User Reviews of Almahfaza.com

F
Fikri Zahir
Al Wukayr, Qatar,
Apr 26, 2021,
Guest

Why did I choose Almafaza?

Service use: Live Length of use: 3-6 Months
I often ask myself questions about this or that business I am doing. For me, this is also important - why did I choose Almafaza and not some other broker?
I think it's basically all about the trading experience. This was the first broker who introduced me to the trading life of a trader.
Also, I like the WebTrader platform here, and it is practical and straightforward. It has everything that a novice user or I need. Unlike MT4, which you need to customize for yourself, load indicators and so on ... I think it will be somehow tricky for amateurs or just training beginners. By the way, for trial trading, you can trade on a demo account with a virtual ID instead of real money at any time. So, I'm going to stay with Almafaza further and trade for my pleasure.
I
Islam Khudayri
Riyadh, Saudi Arabia,
Apr 17, 2021,
Guest

Good broker.

Service use: Live Length of use: over 1 Year
I like this broker for its quality and honest work. I have been trading with Almafaza for over a year and am very happy with it.
The broker offers good trading conditions:
-low floating spread;
-minimum commissions;
-set of trading assets.
Also, you may notice that the broker has no slippage.
WebTrader handles my type of trading very well and suits my strategy. I wouldn't say I like complex trading terminals, and I think that simple Forex trading will be enough for me.
In addition, I like that Almafaza works transparently and does not hide its activities, unlike many other brokers with whom I managed to cooperate.
A
Aws Azzam Touma
Dubai, United Arab Emirates,
Apr 3, 2021,
Guest

My experience of trading with a broker.

Service use: Live Length of use: 3-6 Months
I do not consider myself a professional, but I can leave some more accurate and honest comments about the broker. After all, my trading experience here is over five months.
Well, I started trading here because of the recommendation of a blogger friend. I always read his blogs, and one day he recommended Almafaza to his subscribers.
It was not the top broker, and in principle, it is not the best broker. There are no familiar trading terminals like MT4 / MT5 or cTrader.
You will not be able to copy a trade or run automated trading bots. But, there is a good WebTrader platform here.
In my opinion, the broker is suitable for beginners. There are good trading conditions, really, small floating spreads and a minimum commission for withdrawing funds.
Try to trade here on Forex with a demo account.
K
Kadir Nadim Botros
Manama, Bahrain,
Mar 30, 2021,
Guest

Cool app

Service use: Live Length of use: 3-6 Months
The application they've got was absolutely new to me but it is so intuitive that I could start trading from scratch. All tools and buttons are exactly there where anyone would expect them to be. I highly appreciate this interface!
It is also useful that the trading signals are integrated. Smth like 72% of people are buying now - that's something that can be really useful.
This is yet too early to speak of my overall trading results, but so far I like the broker and can recommed trying out their apps.
H
Hakim al'akhmari
Riyadh, Saudi Arabia,
Feb 10, 2021,
Guest

Service use: Live Length of use: 6-12 Months
This is the most intuitive and the most convenient trading platform tht I've tried so far! Webtrader and mobile trader - they are both very good for day trading and for creating an investmetn portfolios.
The best lifehack that I strongly appreciate is having all these built in notifications about news releases and new trends. You can seolave at once all the top-performing assets, all the trends and reversals, volatility and volume splashes.
This allows to act fast enough and don't miss any of the opportunities, which is in my opinion even worse than making a mistake once or twice.
H
Hazvan al Ghuma
Kuwait City, Kuwait,
Jan 28, 2021,
Guest

Fun and profit

Service use: Live Length of use: 6-12 Months
Trading is a hobby for me. This is not my first and only broker. I've got smth to compare with.
Mobile app at Almahfaza is really good. Reliable connection, useful tools, nothing excessive tht could have slown down the perfromance of the app.
Cahsbacks was a great idea if you ask me. The more you trade, the more you get. As long as I trade actively during the day, cashbacks help to significantly improve the slope of my equity curve.
Well done!
I
Igotscammed11
DUBAI, United Arab Emirates,
Jan 13, 2021,
Registered user

SCAM SCAM SCAM !!!!!! DONT DEAL WITH THEM

Service use: Live Length of use: 0-3 Months
I deposited 10000 dollars and they promise me 3000 dollars in a form of Bonus , I received the 3000 dollars in my account but I could not withdraw the money to my bank credit card , they put all my capital money which is 10000 dollars in a losing deal it was on GOLD and I was shocked that the trainer put all the money on a lost deal . I lost all my money but I contacted my BANK and I requested a chargeback and I GOT MY MONEY 10000 DOLLARS BACK !!!! YES I AM VICTORIOUS !!!! PLEASE NEVER EVER DEAL WITH THEM ,

UAE-DUBAI
1 trader has found this review helpful
S
Sharaf Jazid al Ramie
Buraidah, Saudi Arabia,
Dec 11, 2020,
Guest

Convenient trading platform

Service use: Live Length of use: 0-3 Months
I strarted trading with Almhfaza spontaneously, a few months ago. I met a friend of mine and we had a dinner together. I've noted that he's got something interesting going on in his mobile phone screen. Graphs and charts - I always spot them out as I perceive the world this way. Some people perceive it better with their eyes, others use sounds. I'm a so-called digital kind of a person.
He showed me the app and explained how it works.
No, I didn't make a fortune next day. It took me a while to get back to the idea, register myself and fund my live trading account.
Yet., I can see I'm making some progress now. I'm increasing the principal little by little. There is an exquisite order in these charts and assets' moves. I can see it and I bet anybody can, given more or less effort's been invested.
Trading is not yet my full-time occupation and my profits are too small yet to cover the cost of living or more than that. However, I'm grateful this company for being a reliable partner and giving me this chance to look at the world and economics through these bars and charts.
B
Basim 787
Jeddah, Saudi Arabia,
Nov 24, 2020,
Registered user

Scammers

Service use: Live Length of use: 3-6 Months
Please keep a way ..Market maker and they keep calling you to deposit money then the account manager will let you looose all of your account balance. Moreover they add more lose in your P/L with no reason . Then they said it is a technical issue. Please be careful and keep a way..
F
forexinating
Dubai, United Arab Emirates,
Nov 18, 2020,
Registered user

Baby Toyga Company

Service use: Other
confirmed by UFX Insider => BE AWARE

This is another product presented to you by Toyga. the creators of:

UFX.com
Trade360.com

Dont agree ?

Check the platforms and compare them. there you go.
1 trader has found this review helpful