Below is a comprehensive analysis of Maleyat, a forex and CFD broker, based on the requested criteria, including online complaints, risk assessment, website security, WHOIS lookup, IP and hosting analysis, social media presence, red flags, regulatory status, user precautions, and potential brand confusion. The analysis draws on available information, including web sources, and critically evaluates the broker’s operations.

1. Online Complaint Information ¶

Summary: Maleyat has mixed reviews, with significant complaints raising concerns about its operations, alongside some positive feedback that may be questionable.

• Positive Reviews:
• On Trustpilot, Maleyat has 51 reviews, with some users praising the broker for its customer service, competitive rates, and support in creating investment plans. Examples include users appreciating the expertise of the research department and the ability to recover losses.
• Positive reviews often highlight the broker’s professionalism, transparency, and user-friendly platforms like Maleyat Web Trader and MT5.
• Negative Reviews and Complaints:
• Significant Losses: Several users report substantial financial losses, with one claiming a loss of $10,500 due to unethical account management and lack of professionalism. Another user mentioned unclarified swap charges of $4,334.60 and failure to pay dividends on spot indices.
• Withdrawal Issues: A critical complaint involves a withdrawal request approved on June 20, but the funds were not received, with Maleyat claiming the equity was “lost” despite no open trades. This user filed a case with Dubai Police, alleging fraud.
• Fake Reviews Allegations: Some reviewers claim that positive 5-star reviews are fake and that Maleyat changed its name to “Naqdi” to avoid scrutiny, suggesting potential deceptive practices.
• Pressure Tactics: Users report aggressive tactics, such as frequent calls pressuring deposits with threats of losing existing funds, and unprofessional behavior from account managers.
• Lack of Transparency: Complaints highlight undisclosed swap charges, lack of clarity on fees, and failure to provide educational resources, which is critical for novice traders.
• Critical Observation: The stark contrast between glowing positive reviews and severe negative ones raises suspicion of review manipulation. The allegations of fake reviews and a name change to Naqdi are significant red flags that warrant further investigation.

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2. Risk Level Assessment ¶

Risk Level: Medium to High

• Factors Contributing to Risk:
• Regulatory Oversight: Maleyat is regulated by the Financial Sector Conduct Authority (FSCA) of South Africa (license number 51598), which provides some assurance of compliance with financial regulations. However, FSCA is not a Tier 1 regulator (e.g., FCA, ASIC, CFTC), and its oversight may be less stringent, increasing risk for international clients.
• High Leverage: Maleyat offers leverage up to 1:500, which, while attractive for potential profits, significantly amplifies the risk of losses, especially for inexperienced traders.
• Fund Safety: There is no clear information on third-party fund segregation or investor protection funds, which increases the risk to client funds in case of insolvency.
• Complaints of Fraud: Allegations of withdrawal issues, equity loss without explanation, and pressure to deposit more funds indicate potential operational risks.
• Limited Educational Resources: The lack of robust educational materials may leave novice traders vulnerable to poor decision-making.
• Traders Union Safety Score: Maleyat has a safety score of 5.8/10, classified as medium security, reflecting moderate regulatory oversight but concerns about transparency and fund safety.
• Critical Observation: The combination of high leverage, limited fund protection transparency, and serious user complaints elevates the risk level, particularly for retail traders outside South Africa.

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3. Website Security Tools ¶

Analysis:

• SSL Certificate: Maleyat’s website (https://www.maleyat.com) uses HTTPS, indicating the presence of an SSL certificate with TLS encryption, which secures data transmission and reduces the risk of man-in-the-middle attacks. This is a standard security practice.
• Website Vulnerabilities: No specific reports of malware or phishing attacks linked to maleyat.com were found. However, the related domain maleyat.ae received a low trust score from Scamadviser, suggesting caution due to factors like low visitor traffic and hosting location.
• Security Alerts: There are no reports of suspicious pop-ups, unsolicited download requests, or fake security alerts on the website, which are common indicators of malicious sites.
• Critical Observation: The website appears to have basic security measures in place, but the low trust score for maleyat.ae and lack of detailed security disclosures (e.g., two-factor authentication for user accounts) suggest room for improvement.

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4. WHOIS Lookup ¶

Details:

• Domain: maleyat.com
• Registration Date: March 24, 2022
• Registrar: Not publicly disclosed in the provided sources, but WHOIS data confirms the domain’s recent creation.
• Registrant Information: Likely redacted for privacy, as is common with modern WHOIS records, but the domain is associated with Maleyat Group (PTY) LTD, registered in South Africa.
• Critical Observation: The relatively recent domain registration (2022) is a potential red flag, as established brokers typically have older domains. This could indicate a new or rebranded entity, aligning with allegations of a name change to Naqdi.

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5. IP and Hosting Analysis ¶

Details:

• Hosting Location: The server location is not explicitly detailed in the sources, but Scamadviser’s analysis of maleyat.ae suggests the hosting may be in a high-risk country (based on International Banking Federation criteria for fraud and corruption).
• IP Address: Specific IP details are not provided, but the use of an SSL certificate suggests a legitimate hosting setup.
• Hosting Provider: Likely a standard commercial provider, but no evidence of premium hosting services (e.g., Cloudflare, AWS) that enhance security and reliability.
• Critical Observation: The lack of transparency about hosting and the potential high-risk location raise concerns. Reputable brokers typically use well-known hosting providers and disclose server reliability measures.

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6. Social Media Presence ¶

Analysis:

• Official Profiles: Maleyat maintains profiles on LinkedIn, YouTube, Facebook, and Instagram, where it engages with users and provides market updates. Support is also available through these channels.
• Content Quality: The YouTube channel emphasizes the experience of its team (average 15 years), suggesting credibility. However, the content is promotional and lacks in-depth educational material.
• User Engagement: Limited information on engagement levels, but the presence of official profiles indicates an effort to maintain visibility.
• Critical Observation: While the social media presence is a positive sign, the lack of educational content and potential for curated positive feedback (e.g., fake reviews) reduce its reliability as a trust indicator.

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7. Red Flags and Potential Risk Indicators ¶

Identified Red Flags:

1. Alleged Name Change: Claims that Maleyat rebranded to Naqdi to evade negative reviews are serious and suggest potential deception.
2. Fake Reviews: Allegations of manipulated 5-star reviews undermine trust in positive feedback.
3. Withdrawal Issues: Reports of approved withdrawals not being processed, with vague explanations (e.g., “equity lost”), indicate potential fraud.
4. Pressure Tactics: Aggressive calls to deposit more funds or lose existing investments are unethical and common in scam operations.
5. Recent Domain: The 2022 domain registration suggests a new or rebranded entity, which is inconsistent with claims of a 15-year track record.
6. Lack of Transparency: Undisclosed swap charges, limited fee details, and no clear fund segregation policy raise concerns.
7. High Leverage Risks: Offering 1:500 leverage without robust educational resources increases the risk for inexperienced traders.
8. Low Trust Score for Related Domain: The maleyat.ae domain’s low Scamadviser score due to low traffic and hosting concerns is a warning sign.

• Critical Observation: The cumulative effect of these red flags, particularly the fraud allegations and withdrawal issues, significantly undermines Maleyat’s credibility.

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8. Website Content Analysis ¶

Overview:

• Claims: Maleyat’s website (https://www.maleyat.com) emphasizes a 15-year track record, transparency, and a global team headquartered in South Africa. It offers trading in forex, indices, commodities, stocks, cryptocurrencies, and metals, with MT5 and Maleyat Web Trader platforms.
• Account Types:
• Standard Account: No minimum deposit, 1:500 leverage, 1.4 pips spread.
• Premier Account: $5,000 minimum deposit, 0.9 pips spread.
• Elite Account: Raw spreads from 0.0 pips, $2.5 commission per lot.
• Demo Account: Available for practice.
• Accessibility: The website is available only in English, limiting accessibility for non-English speakers.
• Transparency Issues: The site lacks detailed information on spreads, deposit/withdrawal methods, and fund safety measures, which is concerning for a broker claiming transparency.
• Critical Observation: The claim of a 15-year track record is inconsistent with the 2022 domain registration, suggesting potential exaggeration or rebranding. The lack of fee transparency and educational resources further erodes trust.

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9. Regulatory Status ¶

Details:

• Regulator: Maleyat is regulated by the Financial Sector Conduct Authority (FSCA) of South Africa, license number 51598, verified on the FSCA website.
• Scope: The FSCA license covers retail forex trading, ensuring compliance with South African financial regulations.
• Limitations: FSCA is a Tier 2 regulator, less stringent than Tier 1 regulators (e.g., FCA, ASIC). It may not offer robust investor protection for international clients, and there’s no mention of participation in investor compensation funds.
• Critical Observation: While FSCA regulation provides some legitimacy, its limited global authority and the absence of additional regulatory licenses (e.g., CySEC, ASIC) increase risk for non-South African traders.

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10. User Precautions ¶

Recommended Precautions:

1. Verify Regulatory Status: Confirm Maleyat’s FSCA license (51598) directly on the FSCA website to ensure legitimacy.
2. Start with a Demo Account: Use the risk-free demo account to test the platform and trading conditions before committing funds.
3. Avoid High Leverage: Be cautious with 1:500 leverage, as it can lead to significant losses. Start with lower leverage to manage risk.
4. Document Interactions: Keep records of all communications with Maleyat, especially regarding deposits, withdrawals, and account management.
5. Test Withdrawals Early: Deposit a small amount initially and test the withdrawal process to verify reliability before committing larger sums.
6. Research Complaints: Investigate user reviews on platforms like Trustpilot and WikiFX, but critically assess for fake reviews.
7. Avoid Pressure: Do not succumb to aggressive calls or pressure to deposit more funds. Legitimate brokers prioritize client interests.
8. Secure Accounts: Ensure your account uses strong passwords and, if available, enable two-factor authentication.
9. Consult Professionals: Seek advice from financial advisors before trading, especially if inexperienced.
10. Report Issues: If you encounter withdrawal problems or suspect fraud, report to the FSCA and local authorities (e.g., Dubai Police for UAE residents).

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11. Potential Brand Confusion ¶

Analysis:

• Similar Names:
• Maliyat Group Limited (maliyatfx.com): A separate entity offering similar forex and CFD services, with a website dating back to 2019. It claims regulation by unspecified bodies and uses MT4/MT5 platforms. The similarity in names (Maleyat vs. Maliyat) could cause confusion, especially since Maliyat Group Limited has no clear regulatory details, increasing scam risks.
• Mala the Brand (malathebrand.com): A retail brand unrelated to finance, but the similar name could confuse users searching for Maleyat.
• Naqdi: Allegations that Maleyat rebranded to Naqdi suggest intentional obfuscation to evade negative reviews, creating confusion for existing clients.
• Fake Maliyat (WikiFX): A WikiFX review warns of a “Fake Maliyat” entity with no valid regulatory information, operating from St. Vincent and the Grenadines, a known haven for unregulated brokers. This could be mistaken for Maleyat, increasing confusion.
• Critical Observation: The potential for brand confusion is high due to similar names and the alleged Naqdi rebranding. Users must verify the exact website (https://www.maleyat.com) and FSCA license to avoid scam brokers.

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12. Overall Assessment and Recommendations ¶

Summary: Maleyat presents a mixed profile as a forex and CFD broker. Its FSCA regulation and SSL-secured website provide some legitimacy, but significant red flags—such as withdrawal issues, allegations of fake reviews, a recent domain, and potential rebranding to Naqdi—raise serious concerns about its reliability. The lack of transparency on fees, fund safety, and educational resources, combined with high leverage risks, makes it a high-risk choice, particularly for inexperienced traders. Risk Level: Medium to High, due to regulatory limitations, user complaints, and operational transparency issues. Recommendations:

• Proceed with Extreme Caution: Only experienced traders with a high risk tolerance should consider Maleyat, and even then, start with small deposits and test withdrawals.
• Alternative Brokers: Consider brokers regulated by Tier 1 authorities (e.g., FCA, ASIC) with stronger investor protection and transparent fee structures, such as FOREX.com or OANDA.
• Due Diligence: Verify all claims independently, including the FSCA license, and avoid brokers with similar names (e.g., Maliyat, Naqdi) unless confirmed legitimate.
• Monitor Social Media and Reviews: Stay updated on user feedback and regulatory actions, as Maleyat’s reputation may evolve. Final Note: The allegations of fraud, withdrawal issues, and potential rebranding are severe enough to warrant skepticism. Unless Maleyat addresses these concerns transparently, it cannot be considered a fully trustworthy broker. Always prioritize brokers with proven track records, robust regulation, and clear fund protection policies.

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This analysis is based on available information as of April 25, 2025, and reflects a critical evaluation of Maleyat’s operations. For further assistance or updates, please provide additional details or specific questions.