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Speaking as an independent forex trader with years of experience, I approach every broker with an emphasis on transparency and regulatory safeguards. With Mahfaza, my close review of their main attributes has highlighted several points I find crucial to weigh. On the positive side, Mahfaza offers access to a good range of trading instruments, including forex, crosses, indices, and commodities, all through the MT5 platform. I appreciate that there are multiple account types, and the spreads—especially for Pro Accounts—start from 0.5 pips, which can be considered competitive in the current market landscape. The availability of a demo account is also a practical feature I value, particularly for testing strategies and platform familiarity before committing real funds. However, for me, the disadvantages outweigh the positives. The most significant drawback is Mahfaza’s lack of valid regulatory oversight, which represents a high risk from both a security and capital protection perspective. As a trader, I avoid entrusting funds to brokers without reputable licenses. Additionally, I found their leverage terms and deposit/withdrawal processes to be vague or undisclosed, which undermines transparency. Absence of stock, crypto, or options trading further limits diversification opportunities for someone with broader portfolio interests. Overall, while the platform’s technical offering is robust, I urge caution due to serious regulatory shortcomings and unclear client fund procedures. For my own trading, such factors would prevent me from considering Mahfaza as a viable option until regulatory gaps are addressed.