MaceMarkets Review — Truth About the Broker

In recent years, there has been a boom in broker registrations in the Comoros Union and in obtaining licenses from one of the local financial regulators, MISA. These companies claim that their activities are fully regulated and easily acquire what they call the best trading terminals on the market, including MetaTrader 5. One such firm is discussed in our macemarkets.com review. Along with trading offers, traders are primarily interested in whether such platforms can be trusted and to what extent an offshore-issued document actually protects against scams. We will try to answer these questions below.

Quick Overview

Domain: https://macemarkets.com/

Company Name: MACE MARKET LTD (MaceMarkets)

Year Founded: 2025

Jurisdiction: Mwali (Moheli), Comoros Union

Legal Status: Licensed by MISA № BFX2025117

Minimum Deposit: 10,000 USD

Leverage: Up to 1:500

Available Assets: Forex & CFDs on Shares, Indices, Commodities

Trading Platforms: MetaTrader 5 for PC, iOS, Android, Web

Account Types: Unknown

Deposit/Withdrawal Methods: Unknown

How to Register on the Website

We were unable to find some very important information on the official MaceMarkets website. Therefore, one of the very first steps in taking a closer look at the broker was an attempt to create an account.

Even at first glance, the registration process is organized much worse than with most modern brokers, although it does have a few advantages. A clear drawback is the minimal amount of personal data required from the user. The registration form asks for the following:

• Email address.
• Full name.
• Password for authorization.
• Confirmation code (a Send button is placed next to the field to request it).
• Invitation code.

A positive point is that contact details are verified during the registration process itself. Without receiving a verification code by email and entering it, the account cannot be opened. However, beyond that, the developers managed to ruin everything.

The problem is that the Invitation Code is a mandatory field. Do you happen to have acquaintances who trade with scam brokers? Neither do we. As a result, no one could send us an invitation to trade on this platform. What is even more interesting is that we could not obtain such a code even through customer support. In response to our inquiry, we were told that the company decides on its own whom to invite and does not distribute invitation codes upon request.

To be honest, this left us somewhat puzzled. Apparently, the project has so many clients that its staff refuses to help register another trader. As a result, we are forced to include in this MaceMarkets review only the information available on the website and from open sources.

To be honest, we consider this approach a clear red flag. It appears that the platform’s client base is formed through strict selection. We have seen this many times with scammers: accounts are opened only for beginners who are ready to transfer substantial sums of money. Experienced traders, as well as those unwilling to throw around thousands of dollars, are simply denied access to the client area. It seems that this project, despite having a license, may also have been created by fraudsters.

MaceMarkets Trading Instruments and Platforms

The broker’s main menu includes an entire section that is supposed to describe the available markets. All of its links are duplicated in the information block on the homepage. Unfortunately, we were unable to learn any details, as both sets of links lead to a non-existent website (https://macemarketsgroup.com/) for which the domain has not even been registered yet.

As a result, we have no detailed information about the asset classes that MaceMarkets claims to offer for trading. The only thing we can say is that this list allegedly includes:

• Forex currency pairs.
• CFDs on stock indices.
• Contracts for difference on shares.
• CFDs on precious metals and other commodity market assets.

Naturally, there is no list of specific trading instruments, and contract specifications are completely absent. Such an attitude toward disclosing critical information from semi-legal brokers and outright scammers no longer surprises us. We have long been accustomed to the fact that those behind such projects are not professionals in financial markets and therefore have little understanding of traders’ real interests. The situation with links leading to non-existent pages is a vivid confirmation of this.

Note! The company does not even offer cryptocurrency trading, or more precisely, CFD contracts on digital assets. It appears that the platform’s situation with staff and funding is so poor that it could not even secure agreements with quotation providers for major crypto instruments..

All that remains is to be surprised that the project’s owners were willing to spend money on one of the best trading terminals in the industry — MetaTrader 5. Nevertheless, this is a confirmed fact: clients are offered all versions of the software, including desktop, mobile, and web-based.

This trading platform needs no additional recommendations, as its advantages are described on hundreds of websites across the internet. We will only remind readers that the software allows users to:

• Open multiple price charts simultaneously for market analysis.
• Use a wide range of indicators and graphical tools.
• Develop and connect custom or third-party modules, including indicators and trading advisors.

At the very least, we can acknowledge that MaceMarkets has managed to extract some benefit from its official registration.

Account Types Offered

As a rule, regulated brokers strive to disclose their trading conditions in detail. This allows them, at the very least, to attract potential clients with promises of high profitability and rapid growth of invested capital.

The situation is completely different with companies that have no intention of dealing with traders honestly. Such firms usually disclose trading conditions only partially or hide them altogether. The explanation is quite simple: they do not want an uncontrolled influx of clients, among whom there may be many who can easily recognize the intention to appropriate traders’ funds and damage the platform’s reputation.

MaceMarkets has chosen the second path. As we have already mentioned, it does not provide contract specifications. Moreover, the company does not even publish a list of account types or pricing plans. The only information available about trading conditions is a mention on the homepage of a minimum deposit of $100 and a maximum leverage of 1:500.

This information is clearly insufficient to make a well-balanced decision about choosing this broker to operate in the financial markets. However, judging by how the company’s support reacts to attempts at independent registration, the project prefers to work only with users who have received invitations from company representatives. We are confident that only inexperienced beginners eager to earn fast and big can become such lucky ones. We know very well how this usually ends.

Deposits and Withdrawals

MaceMarkets is just as poor at disclosing the terms of non-trading operations as it is with trading parameters. The official website contains neither a list of available payment methods nor any information about transaction limits, fees, or processing times. It gives the impression that the developers of the company’s web resource and its staff have no idea what information traders actually want to see.

As we have already noted, this is a fairly typical way scam brokers organize interactions with users. The complete absence of information about financial transactions only confirms the following:

• The company’s staff lacks the necessary level of professional competence and, therefore, cannot provide proper services, including adequate client information.
• The company has no intention of working honestly with traders. Most likely, it accepts deposits using cryptocurrencies, cards/accounts of money mules, and similar methods. Such transactions cannot be tracked by tax or supervisory authorities, and for users who have sent funds, the chargeback procedure becomes impossible.

After this, does anyone still have doubts that we are dealing with a trivial scam? Ours disappeared long ago.

MaceMarkets Legal Status: Legitimate or Not?

We understand that the company’s managers are eager to convince potential clients that it operates legally and provides services on lawful grounds. Naturally, traders also find such prospects far more appealing than the possibility of completely losing the funds sent to the company’s accounts. An analysis of the broker’s official information helps to compare the likelihood of these outcomes.

In the footer of its pages, the broker claims to belong to MACE MARKET LTD, operating under license BFX2025117, issued by the Mwali International Services Authority (MISA), the financial regulator of Mwali (Moheli), Comoros Union. These details have been confirmed.

The regulator’s records even indicate that the company owns the website macemarkets.com, which would suggest that we are dealing with a regulated broker. However, things are not as straightforward as they seem:

• The MISA license is not recognized even by the Central Bank of Comoros. The regulator states that the organization has assumed the authority to issue permits without any legal basis.
• More than two hundred companies that received similar documents in 2023–2024 have not renewed them, and dozens are already undergoing license revocation procedures. This indicates that the overwhelming majority of “licensed” MISA brokers are, in fact, fraudulent.
• The regulator imposes almost no restrictions on company operations. There are no limits on leverage, bonuses are allowed, and there is no distinction between retail and professional traders. In practice, this hardly constitutes actual regulation.

At the same time, holding such a license appears to be a mere formality. For instance, MaceMarkets does not even have a real office in the Comoros Union, and its registered address is just a P.O. box.

It is also worth noting that among the countries whose citizens and residents the broker does not serve (the list is in the website footer), neither the EU nor the UK is included. However, we know how strictly regulators in these jurisdictions control brokerage services for their residents. Serving clients there without local licenses means the broker is violating applicable laws. The absence of KYC and AML policies among the company’s documents is also a violation.

Thus, we cannot say that the platform operates without a license. However, having an MISA license does not make its activities lawful, especially in European countries and the UK. The rights and interests of traders at this company are practically unprotected. Whether to risk working with this firm is entirely up to each individual.

Company History

Information about the license is probably the only official detail MaceMarkets has shared with clients. There are no mentions of the company’s founding date on the website. Nevertheless, this is not a problem for us — we will determine the platform’s operational history using whois data.

The fact that the domain macemarkets.com was only registered in August 2025 did not come as a surprise to us. After all, the broker received its license just a month later. This means it has been operating for less than six months. Experienced traders know that such a short period is insufficient to build a solid reputation, which is why they approach such companies with caution.

At the same time, we understand that this period would have been more than enough to properly organize the official website and remove links to non-existent resources. Yet, in almost six months, nobody has addressed these issues. Could a genuinely regulated broker allow this? We are confident the answer is no.

Note! The footer on the website displays a copyright date of 2023. We checked all possible sources but could not find any trace of a broker named MaceMarkets two years ago. It seems the project owners have no qualms about misleading potential clients.

Macemarkets.com Online Reputation

In fact, there are practically no reviews of the company online. On Trustpilot, for example, in six months of existence, the broker has only gathered three comments about its activities‌ — ‌only one of them positive, while the other two are clearly negative with minimal ratings. We believe this is a clear illustration of the level of genuine user interest and an excellent indicator of the company’s transparency‌ — ‌or lack thereof.

There are a few MaceMarkets reviews on niche websites. Expert opinions are unanimous: this is yet another scam, which spent some money merely to acquire a license. On WikiFX, for instance, the broker received a rating of 1.60 out of 10 and a warning for traders to exercise extreme caution.

The Final Take

We have attempted to objectively evaluate both the broker itself and the trading conditions it offers to clients. Based on the information presented in the MaceMarkets review, we conclude that trading on this platform carries high risks. This is evidenced by its offshore license that imposes no meaningful restrictions, the complete absence of essential information about the company, unclear trading terms, and the opaque execution of financial operations. We can even state openly that this project is a scam, and potential clients should refrain from depositing funds into any accounts here.

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