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Editor Rating
- 5/5 – Excellent
Account!
- Mayzus review
- Website: Mayzus
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Review Summary:
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Mayzus has a reputation as a fair broker that helps its clients find effective ways to boost revenues. The company has also earned accolades for its strong customer services. Beginning traders may need to take advantage of that support to make the most of their investment opportunities. Independent brokers can use Mayzus’s excellent customer services to make sure they make smart choices for their clients.
Table of contents
Improved Internet technology makes it possible for Forex traders to earn money from the convenience of their own homes. Instead of placing manual orders through brokerages, traders can execute their own orders via software.
The growth in technology has encouraged hundreds of brokerages to start websites where traders can access services remotely. It has dramatically changed the way that investors make money from foreign currencies, precious metals, and commodities.
Since there are so many companies that offer online brokerage services, prospective members should take their time reviewing their options. By doing research, traders should find that they can choose reliable brokerages that match their unique needs.
It’s important to recognize that no company can meet the needs of all traders. Traders often prefer certain features because they have grown accustom to using them. Others may dislike the features that some traders love. Finding the right brokerage is a balancing act that you have to make on your own.
Introduction to Mayzus
Mayzus Investment got its start as United World Capital Ltd in 2008. The company changed its name to Mayzus as part of a 2012 rebranding effort. Headquartered in Cyprus, Mayzus is regulated by the CySEC. The company also has offices in Germany and the UK, so BaFin and the FSA also have some regulatory oversight. Like many brokerages, Mayzus uses MetaTrader4 and MetaTrader5. It also offers Currenex accounts for those who want to trade directly through their Web browsers.
Mayzus has a reputation as a fair broker that helps its clients find effective ways to boost revenues. The company has also earned accolades for its strong customer services. Beginning traders may need to take advantage of that support to make the most of their investment opportunities. Independent brokers can use Mayzus’s excellent customer services to make sure they make smart choices for their clients.
Mayzus Services
Mayzus has several accounts clients should consider before enrolling. Some accounts meet the needs of beginners who don’t have a lot of money to invest. Others are designed for experienced traders who want to keep thousands of dollars in their accounts.
REALForex Account
A REALForex Account has a low minimum deposit of $25 and offers a 1:500 leverage. Trading instruments for the account include Forex, CFD, commodities, and metals.
STP PROMO Account
A STP PROMO Account requires a $250 minimum deposit. The account offers Forex, metals, indices, and oil trading instruments. This account has a 1:300 leverage.
Currenex Classic Account
The Currenex Classic Account requires a $5,000 minimum deposit. This account comes with Forex trading instruments and a 1:100 leverage. Account holders get to use pegged, standard, and conditional orders.
Mayzus considers this a sophisticated option for experienced traders. Since the Currenex system operates online, traders do not have to download additional software to their computers.
Currenex Viking Account
The Currenex Viking Account is designed for traders who do not want to download additional platform software to their computers. It requires a $5,000 minimum deposit.
MT4 Demo
The MT4 demo gives prospective members a chance to use the MT4 platform for free. After 30 days of free access, members need to decide whether they want to open real money accounts so they can start trading with Mayzus.
Comparing Mayzus With Competitors
In the world of online Forex trading, many companies get highlighted as the absolute worst or best options. You probably won’t find Mayzus on either of those lists. That’s not necessarily a bad thing.
Mayzus offers reliable services that compare to renowned brokerages like Think Forex and Alpari. It may not offer as many educational resources as those companies, but the trading platform still works very well. It’s a solid option for people who want to take a barebones approach to trading.
By staying somewhere in the middle, Mayzus has avoided the kind of scandals that have earned companies like Pepperstone negative reviews.
Overall, Mayzus is a good option. Compared to its competitors, it is not the worst or best. Some traders, however, may find that Mayzus fits their needs perfectly well.
Mayzus Customer Service
Mayzus gives customers several ways to contact company representatives. Common options include Live Chat, email, and telephone. The company’s support team can answer questions 24 hours a day from Monday to Friday. Mayzus does not answer calls or chat requests during the weekend. This is common in the industry. Few online brokerages offer weekend support because the markets do not operate on Saturdays and Sundays.
Frequently Asked Questions About Mayzus
[+] What options can members use to fund their accounts?
Mayzus accepts a variety of deposit options, including:
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​[+] Does Mayzus let traders work for independent clients?
Yes, Mayzus gives experienced traders the opportunity to expand their businesses by partnering with the company. Mayzus even provides some promotional and marketing materials to help businesses grow.
[+] What is Currenex?
Currenex is technology that can offer narrower spreads and increased liquidity by united dozens of banks and other financial institutions. Benefits of using a Currenex platform include:
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[+] Does Mayzus offer any bonuses or promotions?
Yes. Mayzus offers a range of promotions to attract members. One of the most popular options includes Bonus 40%+20%. This promotion gives new members an extra 40% on their first deposits and 20% on future deposits. Promotions and bonuses, however, may change over time. Check the company’s website to learn more about the latest promotions from Mayzus.
[+] How do I know that Mayzus is right for me?
Prospective members who aren’t sure whether they want to fund new accounts can sign up for free demo accounts. These accounts do not use real money, but they can give you a sense of what it’s like to use Mayzus.
[+] What documents are needed to open a Mayzus account?
New members should have color copies of their passports or other government photo ID. They also need proof of address, such as a utility bill that shows the person’s name and address.
Pros of Using Mayzus
- Accepts numerous account funding options
- Gives members the option to use the Currenex trading platform
- Offers a range of promotions
- Several ways to reach customer support 24 hours a day when markets are open
Cons of Using Mayzus
- Limited educational and analytical tools
- Does not accept clients in the United States
Conclusion
Mayzus is a popular option among Forex traders who want plenty of options. Beginning traders will want to try the REAL Forex Account, which offers a low minimum funding requirement. Mayzus also has options that can meet the needs of experienced traders who a company with access to large amounts of liquidity.
Mayzus could improve its educational and analytical tools. Experienced traders may find that they want more information so they can make smarter decisions. Beginners, however, may appreciate the limited information. Brokerages that offer a wealth of training tools and daily analytics often confuse beginners who just need access to the basics.
While it’s hard to recommend Mayzus as one of the world’s top online Forex brokerages, it does have a solid reputation and plenty of features that will make it appealing to certain traders. The company’s reputation for strong customer services also makes it an impressive option for traders at all levels of experience. It’s definitely worth taking a closer look at Mayzus’s account options before choosing a brokerage.
