Mayzus Review 2020

Mayzus Rated 3/5
learn more Learn more about eToro. 62% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you can afford to take the high risk of losing your money.

Mayzus Guide

Mayzus are an online broker founded in 2008 offering Forex trading, and Social Trading trading.

Mayzus are a global broker and have a head office in Cyprus.

When trading in the financial markets it can be very time consuming to find a broker that meets your needs.

Often you have to visit and read many broker websites all of which have different uses of language. The wording can be very confusing. In our review of Mayzus we break down the pros and cons. What Mayzus are able to offer, what countries Mayzus are available in. Who Mayzus are regulated by and more.

Having a reliable and capable broker is crucial to your success in online trading. Make sure that your broker is not fake or unreliable to avoid losing your investment. Ensure that your needs fit the profile of your broker as well, in order for you to have a good working profitable relationship.

Benefits of trading with Mayzus

  • Regulated by: Cyprus Securities and Exchange Commission (CySEC)
  • Headquarters Country : Cyprus
  • Foundation year 2008
  • Min Deposit : 100
  • Used by over 10,000 traders
  • Mayzus is not available in the following countries : US
Open Mayzus's Website

Your capital is at risk

At the bottom of this review you can also learn about some pretty good alternatives to Mayzus

With this review we hope to help you see if Mayzus is a good fit for you.

It is a common myth that online trading is confusing. It is only difficult for people who have not done the research. In this article, you will learn important information regarding Mayzus that will help you get off to a good start in the world of online trading.

Mayzus Review Table of Contents

Mayzus what you should know

Mayzus offer two ways to trade: Forex, Social Trading.

With Mayzus you will need a minimum deposit of $100. You can sign up for a demo account to acquaint yourself with Mayzus platform.

Mayzus are able to accommodate various levels of traders whether you are experienced or a beginner.


Are Mayzus safe?

When choosing a broker like Mayzus the administrative body and regulatory status of the broker is very important. Brokers who conduct trades without supervision of a regulatory body do so at their own discretion. Any capital you invest is at risk.

Established in 2008, and in operation for 12 years Mayzus have a head office in Cyprus.

Mayzus is regulated. This means Mayzus are supervised by and is checked for conduct by the Cyprus Securities and Exchange Commission (CySEC) regulatory bodies.

Regulated brokers will not manipulate market prices. When you send in a withdrawal request to Mayzus, this will be honored. If Mayzus violate any regulatory rules their regulated status could be stripped.

Any payments funded to Mayzus accounts by traders are held in a segregated bank account.

For added security Mayzus use tier-1 banks for this. Tier 1 is the official measure of a banks financial health and strength.

Try creating two accounts when you are working with Mayzus. One is the real account, with your real money and the other is your demo account. The demo account is your experimental account.

Open a demo account Visit Mayzus

Your capital is at risk

Full disclosure: We may receive a commission if you sign up with a broker using one of our links.

Broker Mayzus eToro XTB Pepperstone
Year Established 2008 2006 2002 2010
Head Office Cyprus Cyprus, UK Poland Australia
Regulation Cyprus Securities and Exchange Commission (CySEC) Financial Conduct Authority (FCA), Cyprus Securities and Exchange Commission (CySEC) Financial Conduct Authority (FCA), FCA number FRN 522157, Cyprus Securities and Exchange Commission (CySEC), CySEC Licence Number: 169/12, Comisión Nacional del Mercado de Valores, Komisja Nadzoru Finansowego Financial Conduct Authority (FCA), Australian Securities and Investment Commission (ASIC)
Used By 10,000+ 12,000,000+ 250,000+ 10,000+
Negative balance protection Yes No Yes Yes
Guaranteed Stop Loss No No Yes No
Learn More Visit Mayzus Visit eToro Visit XTB Visit Pepperstone
Risk Warning Your capital is at risk 62% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you can afford to take the high risk of losing your money. Your capital is at risk CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 73.6% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money

Mayzus Pros and Cons

What we like about Mayzus

  • Used by over 10,000 traders
  • Established in 2008
  • Regulated by Cyprus Securities and Exchange Commission (CySEC)
  • Min. deposit from $100

What we don't like about Mayzus

Mayzus Financial Regulation and Supervision in more detail

We have checked and Mayzus is regulated and supervised by reputable organisations. You are able to check every Mayzus supervisory and regulatory body given below. Regulation gives you some recourse for those who have issues with Mayzus. Regulatory authorities protect the traders with things like reimbursement schemes that regain the client's investment in the event the broker becomes insolvent.

The brokerage firms have to comply with a variety of rules and criteria determined by the recognized international authority with the intention to provide secure trading and stay licensed. The whole notion of regulation is to protect Mayzus traders and provide a safe trading environment.

Mayzus is governed and supervised by reputable financial regulatory bodies. Regulatory bodies monitor the behavior of the brokers and if things go wrong they will take necessary action. Before trading online with a broker such as Mayzus you should be sure they're legitimate online agent.

Mayzus General Fees

  • Mayzus withdrawal fees varies on payment method
  • Mayzus does charge inactivity fees
  • Mayzus does charge deposit fees
Broker Mayzus eToro XTB Pepperstone
Min Deposit 100 200 0 200
Withdrawl Fees Varies Yes varies No
Inactivity Fees Yes Yes No Yes
Deposit Fees Varies No No No
CFD Commission Fees Yes No Yes Yes

Mayzus Commissions

  • Mayzus does charge commission on CFD instruments.

What can you trade with Mayzus?

You can trade a wide variety of instruments with Mayzus over 100 instruments infact.

If you are looking at trading currency pairs Mayzus offer over 60 currency pairs.

Compare Mayzus with eToro and XTB below.

Your capital is at risk

Broker Mayzus eToro XTB Pepperstone
Instruments Available 100 100 1,500 100
Platforms MT4, Mac, Mirror Trader, Web Trader, Tablet & Mobile apps Web Trader, Tablet & Mobile apps MT4, Mirror Trader, Web Trader, Tablet & Mobile apps MT4, MT5, Mac, ZuluTrade, Web Trader, cTrader, Tablet & Mobile apps
FX / Currencies Visit Mayzus Visit eToro Visit XTB Visit Pepperstone
Forex pairs offered 60 50 50 70
Major forex pairs Yes Yes Yes Yes
Minor forex pairs Yes Yes Yes Yes
Exotic forex pairs Yes Yes Yes Yes
Cryptocurrencies No Yes Yes Yes
Commodity CFDs Visit Mayzus Visit eToro Visit XTB Visit Pepperstone
Commodities Offered 0 0 21 16
Metals Yes Yes Yes Yes
Energies Yes Yes Yes Yes
Agricultural Yes Yes Yes No
Indiced & Stock CFDs Visit Mayzus Visit eToro Visit XTB Visit Pepperstone
Stocks Offered 957 1696 60
UK Shares Yes Yes Yes No
US Shares Yes Yes Yes No
German Shares Yes Yes Yes Yes
Japanese Shares Yes Yes Yes No

Trading on Mayzus web platforms and other applications

Mayzus offer the popular MT4 forex trading platform. To see a list of the top MT4 brokers, see our comparison of MT4 brokers.

An Mayzus IOS or Android native App on your phone or tablet will Work quicker Than the Avatrade Website on the same device

Mayzus also offer mobile apps for Android and iOS, making it easier to keep an eye on and execute your trades while you’re on the move.

See Mayzus's platforms

Mayzus Trading benefits :

  • Offers STP
  • Low min deposit
  • Offers Negative Balance Protection

Mayzus Trading Accounts Offered :

  • Demo account
  • Micro account
  • Standard account
  • STP account

Can I try Mayzus before I buy?

Mayzus offer a demo account so you can try before putting down funding payments. Open a practice account & learn to trade

Mayzus withdrawl and funding methods.

Mayzus offer the below funding payment methods. learn more about Mayzus

  • Credit cards
  • Skrill
  • Payoneer
Broker Mayzus eToro XTB Pepperstone
Bank transfer Yes Yes Yes
Credit Cards Yes Yes Yes Yes
Paypal Yes Yes Yes
Skrill Yes Yes Yes Yes
Payoneer Yes Yes Yes Yes
Neteller Yes Yes Yes

How can I start trading with Mayzus?

When opening a trading account with Mayzus, you will need to sign up here. Once you have received your login details by email, submitted your identification documents for account validation, and made a deposit; the next step is to download the trading platform of your choice. You can find detailed guidance on Mayzus trading platforms here.

Performing trades with Mayzus

With Mayzus, the minimum and maximum trade requirements vary depending on the trader and the instrument. As Mayzus offer STP execution, you can expect tighter spreads with more transparency over the price you‘re paying to execute your trades.

As a nice bonus, Mayzus are one of very few brokers that claim to have no requotes, so you don't have to worry about slippage (your trades being ordered at a different price to what you executed them at).

As with most brokers, margin requirements do vary depending on the trader, accounts and instruments.

Mayzus also offers a number of useful risk management features, such as stop losses (with trailing stops), limit orders, negative balance protection, and much more. You can see all of the account features offered by Mayzus here.

Limiting Your Risk When Trading with Mayzus Negative Balance Protection

We should say something about negative balance protection with Mayzus. When trading using leverage an adverse move could result in losing more than your trading account balance at Mayzus. Your Mayzus account could potentially become negative. We recommend you making use of negative balance protection. Using negative balance protection ensures your losses will always be limited to the current balance of the money in your account.

Limit Risk When Trading with Mayzus Stop Loss, Mayzus Stop Limit Orders

A stop-loss order is an order placed with a broker like Mayzus to buy or sell once the stock reaches a certain price. A stop-loss is designed to limit a traders loss on a security position.

Most traders need to use stop losses to protect themselves from huge risk unless the trade is hedged against another trade or the trader is not using leverage. Circumstances differ depending on the trade and the markets.

Education resources at Mayzus

To trade effectively with Mayzus, it's important to get a have a good understanding of the Mayzus trading tools and the markets.

Mayzus offer a good selection of educational resources. Spend some time reading up on how the markets and trading works, making active trades, active trading times, and managing risk.

Having an analytical approach may be a good way to approach trading with Mayzus.

Take time to look around the Mayzus platforms and train yourself to think more systematically and logically about the markets. It's a new skill-set for many, but it is what the market requires of you.

Customer Support at Mayzus

Mayzus support a limited number including English

Mayzus have a triple AAA grade support rating because they offer a wide range of languages, live chat, email and phone support.

Mayzus customer service support multiple languages from all over the world. Having a broker that can hire people from various locations in the world who can better communicate with you in your local language is a huge advantage well trying to deal with issues.

Livechat Support at Mayzus

We tested the Mayzus live chat and it works well. We sent messages to Mayzus livechat through their app and website and recieved a response within 3 minutes.

We tested communicating with Mayzus support in multiple languages in multiple countries. Mayzus where able to quickly resolve our customer issues.

Email Support at Mayzus

Mayzus does not offer Email Support.

Phone Support at Mayzus

We called Mayzus and the call was answered very quickly. The call was answered in less than 1 minutes.

The Mayzus phone support team were able to successfuly answer our questions and issues over the phone. We tested the multilingual Mayzus team by calling in varying languages. Mayzus made an effort to make sure our queries were answered.

Overall great phone support from Mayzus.

See how Mayzus Support Compares Against Other Brokers

Broker Mayzus eToro XTB Pepperstone
Support
  • Live chat
  • Phone support
  • Email support
  • Live chat
  • Phone support
  • Email support
  • Live chat
  • Phone support
  • Email support
  • Live chat
  • Phone support
  • Email support
Languages English English, German, Spanish, French, and Italian English, Spanish, Czech, Chinese, German, French, Italian, Polish, Portuguese, Romanian, Slovenian, and Turkish English, Spanish, Polish, Chinese, Japanese, Korean, Vietnamese, and Arabic
Learn More Visit Mayzus Visit eToro Visit XTB Visit Pepperstone
Risk Warning Your capital is at risk 62% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you can afford to take the high risk of losing your money. Your capital is at risk CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 73.6% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money

What you will need to open an account with Mayzus

As Mayzus is regulated by Cyprus Securities and Exchange Commission (CySEC), every new client must pass a few basic compliance checks to ensure that you understand the risks of trading and are allowed to trade. When you open an account, you'll likely be asked for the following, so it's good to have these handy:

  • A scanned colour copy of your passport, driving license or national ID
  • A utility bill or bank statement from the past three months showing your address

You'll also need to answer a few basic compliance questions to confirm how much trading experience you have, so it's best to put aside at least 10 minutes or so to complete the account opening process.

While you might be able to explore Mayzus's platform straight away, it's important to note that you won't be able to make any trades until you pass compliance, which can take up to several days, depending on your situation.

To start the process of opening an account with Mayzus you can visit their website here.

CFDs are leveraged products and can result in the loss of your capital. All trading involves risk. Only risk capital you're prepared to lose. Past performance does not guarantee future results.
This post is for educational purposes and should not be considered as investment advice. All information collected from https://www.liteforex.eu/ on 12th August 2018.

Is Mayzus A Good Broker?

We spent over 3 months examining Mayzus in depth. Although we found some very useful aspects of the Mayzus platform that would be useful to some traders. Overall our feeling is that you would be better served with an alternative Mayzus broker.

  • Mayzus have a good track record of offering Forex, Social Trading.
  • Mayzus has a history of over 10 years.
  • Mayzus has a reasonable sized customer support of at least 10.
  • Mayzus are regulated by Cyprus Securities and Exchange Commission (CySEC). This means Mayzus fall under regulation from a jurisdiction that can hold a broker responsible for its misgivings; or at best play an arbitration role in case of bigger disputes.
  • Mayzus have regulation from a Tier 1 reputable country.
  • Mayzus has the ability to get deposits and withdrawals processed within 2 to 3 days. This is important when withdrawing funds.
  • Mayzus have an international presence in multiple countries. This includes local Mayzus seminars and training.
  • Mayzus are able to hire people from various locations in the world who can better communicate in your local language.

Mayzus Risk Disclaimer

Your capital is at risk

Mayzus not quite right?

Check out these Mayzus Alternatives

We have spent years researching the best alternatives to Mayzus. Click the links below to learn more.

If you feel some of the above Mayzus are not quiet what you are looking for or perhaps you would just like to see some alternatives. See our highly rated list of Mayzus alternatives below.

Related Mayzus Comparisons

If you would like to see how Mayzus stands up against other brokers you can read some of our Mayzus comparisons below. We compare side by side some of our top rated Mayzus versus comparisons. Read some indepth Mayzus VS pages below.

MAYZUS Frequently Asked Questions

Can I try Mayzus before I buy?

Mayzus offer a demo account so you can try before you put down and payment. Learn more here

What funding methods do Mayzus accept?

Mayzus offer the following funding payment methods accept Credit cards, Skrill, Payoneer, among other payment methods.
Learn more here

Your capital is at risk

Is Mayzus safe?

Mayzus are considered safe as they are regulated by and checked for conduct by the Cyprus Securities and Exchange Commission (CySEC). Any payments funded to Mayzus accounts by traders are held in a segregated bank account. For added security Mayzus use tier-1 banks for this. Tier 1 is the official measure of a banks financial health and strength.

Is Mayzus trading good?

Mayzus is considered good and reputable to trade with. MayzusMayzus is used by over Mayzus active traders. Mayzus offers Forex trading, and Social Trading trading. Minimum deposit with Mayzus is mindeposit.

Is Mayzus trading Legit?

Mayzus was founded in Cyprus in 2008. Mayzus has been facilitating trade on the financial markets for over 12 years. Mayzus offers clients Forex trading, and Social Trading trading. All funds deposited to Mayzus are held in segregated tier 1 bank accounts for security. Mayzus is regulated by Cyprus Securities and Exchange Commission (CySEC) so can be considered legit.

Is Mayzus a good broker?

Mayzus is overseen by the top tier financial regulators Cyprus Securities and Exchange Commission (CySEC) so can be considered a good broker.Mayzus allows Forex trading, and Social Trading trading.

Is Mayzus trustworthy broker?

Mayzus can be considered trustworthy. All money funded to Mayzus is placed into a segregated tier 1 bank account. this means your money in not held by Mayzus directly but a tier 1 bank. The broker has no direct access to your funds so cannot misappropriate your money. Also Mayzus is regulated by Cyprus Securities and Exchange Commission (CySEC).

What is the minimum deposit for Mayzus?

The minimum deposit to trade with Mayzus is 100.

How long do Mayzus withdrawals take?

Withdrawing money from Mayzus processing time varies but averages 2-5 days.

Is Mayzus regulated?

Mayzus is regulated by Cyprus Securities and Exchange Commission (CySEC).

Is Mayzus a market maker?

Mayzus is a market maker. Stocks, currency and other commodities and instruments will be purchased by Mayzus even if no buyer is lined up.

How can I start trading with Mayzus?

When opening a trading account with Mayzus, you will need to sign up here. Once you have received your login details by email, submitted your identification documents for account validation, and made a deposit; the next step is to download the trading platform of your choice. You can find detailed guidance on Mayzus trading platforms here.

Is my money safe with Mayzus?

Mayzus is regulated by Cyprus Securities and Exchange Commission (CySEC). One of the most important criteria for traders when choosing a broker like Mayzus is the regulatory body and regulatory status of the broker. Brokers who conduct business without regulation do so at their own discretion and pose a direct risk to the security of their clients money.

Regulated brokers will not manipulate market prices. When you send in a withdrawal request to Mayzus, this will be honored. If they violate any regulatory rules their regulated status can be stripped.

Is Mayzus a con?

Mayzus is regulated and well established having been in business for over 12 years. Mayzus is definitely not a con.

Can you make money with Mayzus?

Although traders have had great success with Mayzus. Trading on the financial markets with Mayzus is not a get rich scheme. If you educate yourself, practise with a demo account and carefully plan your trading your chance of success will greatly increase. Never trade with money you cannot afford to lose. Your capital is at risk.

Does Mayzus have fees?

Mayzus withdrawal fees varies on payment method. Mayzus does charge inactivity fees. Mayzus does charge deposit fees.

When was Mayzus founded?

Mayzus was founded in 2008.

How many people use Mayzus?

Mayzus is used by over 10000 registered traders.

What is Mayzus Headquarters country?

Mayzus has its head quarters office in Cyprus.

Does Mayzus offer negative balance protection?

Mayzus offers negative balance protection. With Negative balance protection means traders cannot lose more money than they have deposited.

Does Mayzus offer guaranteed stop loss?

Mayzus does not offer guaranteed stop loss. With guaranteed stop loss protection risk is managed. Traders are guarenteed to close your trade at your specified price.

Does Mayzus allow scalping?

Mayzus does not offer scalping.

Does Mayzus allow hedging?

Mayzus does not offer hedging.

Does Mayzus offer CFD trading?

Mayzus does not offer CFD trading.

Does Mayzus offer STP?

Mayzus offers STP trading.

How many people use Mayzus?

Mayzus is used by over 10000 traders.

Is Mayzus an ECN broker?

Mayzus does not offer ECN trading.

Does Mayzus offer a demo account?

Mayzus offers a demo account.

Does Mayzus offer an Islamic account?

Mayzus does not offer Islamic accounts.

What are the funding methods for Mayzus?

Mayzus accept the following funding methods : Credit cards, Skrill, Payoneer,

Mayzus review written by Andrew Blumer and Mark Hansen

We hope you found our review of the Mayzus brokerage firm useful.

This article was written by our financial editor Mark Hansen and Andrew Blumer.

Mark was previously of the Kiel Insitute and has worked with financial organisations across Europe, Australia, South East Asia, South Africa and the Middle East. Mark has over 15 years experience in financial analysis, forecasting, financial modeling idenifying new market opportunities in Stocks, CFD's, Forex and Commodities.

Andrew has a well-established career in fintech and came up with comparebrokers.co to make trading on financial markets more transparent and accessible.

Whether you want to trade Forex, Stocks, Commodities or Indices we will help you find the best online broker for you from 400+ brokers for clients based in the UK, Europe, Asia, South Africa and Australia.

Mayzus review written by Mark Hansen of Comparebrokers.co