Mayzus Forex Broker Review
When you’re looking for a Forex broker to partner you in your Forex trading journey, bonuses are going to be one feature likely to turn your head. If you happen to be one of those types of traders you’ll be pleased to find yourself reading this Mayzus broker review. There are heaps of bonuses available for both new and regular clients, but even better news is the fact there is so much more to offer. If you’re interested keep reading, and we’ll share all the vital information.
Mayzus is the trading name of Mayzus Investment Company Ltd, which is authorised and regulated by CySEC. For further peace of mind you’ll be pleased to know they also operate within the guidelines of MiFID, and are a member of the Investor Compensation Fund. Mayzus is also registered with a number of other regulatory bodies, such as BaFIN in Germany, and the FCA in the UK.
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* Not valid for EU traders, T&C apply
Forex, indicies, commodities, shares
What instruments does Mayzus offer for trading?
Mayzus has a huge variety of instruments for trading. Forex, shares, indices, futures, and oil.
Forex – all major currency pairs, as well as minor pairs and metals. Raw spreads start as low as 0.3 pips. There is no dealing desk to get in the way and ultra fast execution is promised. And negative balances are protected.
Shares – More than 900 different shares including some very familiar companies such as Walt Disney Corporation, Google, McDonald’s, and Microsoft. On offer is up to 1:10 leverage, real-time pricing and a range of risk management tools.
Futures – Future contracts are perfect for traders who like to speculate, or for hedging the risk of loss.
Indices – Mayzus offers a great range of market leading indices with transparent pricing and advanced charting. There is a $5 commission payable per lot.
Oil – Minimum trade size is 1 lot, and there is 0.8% commission payable. Trading is available 24/5.
MetaTrader 4 and Currenex are the trading platforms
Mayzus have decided to offer MT4 as one of the options for their trading platform. And we’re not surprised to learn of this decision. It is possibly the most popular platform currently available and there’s no surprise why. It is very user-friendly and supports a wide range of operating systems and devices. Whether you prefer to trade using a PC, mobile phone or tablet there is no issue with MetaTrader 4. Even if you prefer to keep multiple accounts, trading is still convenient and simple. For those who like a little variety there is also the option of trading using Currenex. And today there are a number of traders who enjoy copy trading, and you’re not going to be disappointed either.
Mayzus have a great range of accounts
Traders come in all shapes and sizes, with their own individual preferences. There are a number of account options with Mayzus, so there should be something for everyone.
STP mini account – Minimum deposit is just $100 and spreads start at 1.2 pips. There is a huge leverage of 1000:1 offered, but we wouldn’t advise you to consider taking advantage of the maximum. After leverage does increase the profits you can make from a successful trade, but can also incur considerable losses. You can make a deposit in a variety of different currencies and trade stocks, commodities, indices, CFDs and Forex. Commission charged on futures CFDs is $5, and on shares it is $10. Trading uses Metatrader 4.
STP classic account – Designed for the more experienced trader, with a minimum deposit of $2,000. Spreads start at 1.0 pips. Leverage is the same as the mini account, as do the commission charges for shares and futures CFDs. For major indices the commission charge is $5 and for oil it is 0.08%.
STP platinum account – This account requires a minimum deposit of $20,000, and spreads start from 0.4 pips. Leverage is a little lower, at 300:1, and the commission charges are a little different.
Currenex account – Minimum deposit is $5,000, and market spread are offered. Trading instruments include 35 Forex pairs and metals. Commission charges on Forex trades are 3 units of the base currency per 1 lot one side. For metals trading the commission is 5 units of the base currency per 1 lot one side. The trading platforms for this account are Currenex Viking and Currenex Classic.
Both the mini and classic account types also have a demo version, so this is going to be a good place to start if you want to get a feel for this particular broker.
Before we finish this Mayzus review, let’s give you some details about the current promotions.
Promotions currently available from Mayzus
- Open a platinum account for less – A $500 minimum deposit, leverage 300:1, spreads from 0.4
- $4 rebate per lot for any instrument
- Zero fees for funding your account
- Fantastic weekly prizes in the Scalping Wars demo contest