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Mazdax

Conditional orders
Dedicated app
Iranian exchange
Spot market
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Mazdax logo
Founded1400
Head officeIran
Exchange typeCentralized
Trading fees0.24٪
Number of cryptocurrencies9
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Introduction to the Iranian exchange Mazdax

Mazdax is an Iranian platform for trading tokenized assets and blockchain-based financial instruments, operating with the aim of connecting the traditional capital market to blockchain technology. By obtaining a license from the Securities and Exchange Organization (valid until 1403), holding membership in the Iran Computer Trade Organization, the Iran Fintech Association and the Iran Blockchain Association, and holding a knowledge-based company certificate, the company has established its position within the formal framework of the digital economy. Drawing on a specialized team and technical infrastructure, Mazdax provides a platform for secure trading and the development of new financial markets.

Teagle risk warning for Mazdax

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Mazdax exchange credibility and security review

The Mazdax exchange, focused on asset tokenization and digital trading, has obtained a capital market sandbox license from the Securities and Exchange Organization. The platform began operating in 1400 and, in addition to being a member of the Iran Blockchain Association and the Iran Fintech Association, also holds licenses from the Computer Guild Organization and the Center for Knowledge-Based Companies . This set of licenses and memberships reflects a considerable level of legal and professional approval and assures users that they are dealing with a reputable and transparent platform.

Mazdax exchange registration license from the Tehran Computer Guild Organization

Mazdax exchange knowledge-based company approval certificate

Mazdax exchange founding notice in the Official Gazette of the Islamic Republic of Iran
In terms of the security of user assets and data , Mazdax has also put in place a number of technical and operational measures. User assets are held in multi-layer hardware and software wallets , and data is protected on secure servers . Publishing information about its managers and the company's legal structure, along with transparent reporting of market trading volumes, also helps increase user trust. As of this writing, no reports of a hack or large-scale theft of user assets on this platform have been published.

Mazdax user accounts also come with standard and effective security features; in addition to logging in with a password and mobile phone number, users can enable two-factor authentication (2FA) via Google Authenticator. Also, login history and the IP addresses of connected devices are available to the user so that suspicious activity can be detected more quickly. 

Overall, Mazdax is at an acceptable level in terms of account security and protection of user assets, although the technical details of its security infrastructure have not been made public and the ability to independently verify all claims is limited.

Has Mazdax exchange ever been hacked or involved in fraud?

To date, no official or widespread report of a successful hack or organized fraud at the Mazdax exchange has been published. However, as with other platforms operating in the cryptocurrency space, the risk of cyberattacks and unauthorized access always exists, and users should be careful to protect their accounts and assets. A review of news and reliable sources also shows that no similar security incident has been recorded for Mazdax so far.

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Currencies and cryptocurrencies on Mazdax exchange

On the Mazdax exchange, users can access diverse markets for tokenized assets, including digital securities. 

  • Kahroba Gold Coin-Backed Fund (Kahroba)
  • Charisma Leveraged Equity Fund (Ahrom)
  • Continuous Silver Bullion Deposit Certificate (Noghreh)
  • Negin Saharkhiz Saffron (Zafaran-S)
  • Utab Solar Energy Token (Yusol)


List of the newest coins on the Mazdax exchange

The centralized exchange Mazdax has recently added the token of the Kahkeshan Firouzeh1 Commodity Investment Fund

(Noghrabi) as well as the Shahdad Chromite token (Kromi) to its list of supported assets.

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Managing costs on Mazdax exchange

Managing trading costs is one of the key factors in increasing investment returns and optimizing trading strategies. Even small differences in fee rates can have a significant long-term impact on traders' profits and losses. That is why understanding each platform's fee structure and additional costs before you start trading is so important. Like many financial markets, Mazdax has set a clear fee structure for its services and trades so that users can manage their costs with greater transparency.


Mazdax Deposit and Withdrawal Terms

Deposit and withdrawal limits on the Mazdax exchange are set in line with Central Bank regulations and may change over time. According to the information received, the minimum Toman deposit is currently 10 thousand Toman and the maximum is 400 million Toman. For withdrawals, the range is between 10 thousand and 50 million Toman. The tables below show the full details of Mazdax's deposit and withdrawal terms:

Minimum deposit

Maximum deposit

Minimum withdrawal

Maximum withdrawal

10 thousand Toman

400 million Toman

10 thousand Toman

50 million Toman


Mazdax Exchange Fees

Trading fees on Mazdax are not fixed across all markets; depending on the trading pair, different rates apply to makers (Maker) and takers (Taker). Under this model, users who help increase market liquidity by placing new orders are charged the maker fee, while users who fill existing orders pay the taker fee. This structure helps improve market depth and trading efficiency. The fee rates for each trading pair are detailed in the table below. 

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Main services of the Iranian exchange Mazdax

  • Simple trading: Buying and selling assets at prices offered by the platform, which are updated periodically (every 20 seconds).
  • Advanced trading: The ability to place buy and sell orders at your chosen price and access more professional order management tools.
  • Built-in wallet: Holding purchased assets in your user account without needing to transfer them immediately to an external wallet.
  • Account security tools: Support for two-factor authentication (2FA), login confirmation via mobile phone, and management of user account access.
  • Dedicated API: The ability to connect third-party software and systems to the platform to automatically receive market data and develop analytical and trading solutions.
  • Real-time market data: Access to prices, trading volume and market data to help users make better decisions.
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Download the Mazdax exchange app

Mazdax exchange currently offers its mobile app only for the Android operating system , and users can install and use the official version via the download link. The app provides faster access to markets, account management and trading in a simple, mobile-optimized environment.

At present, an iOS version of the app has not been released and is not available to users. Therefore, Apple device users need to use the web version of the platform to access Mazdax's services.
 

Review of the Mazdax Exchange App User Experience
 

The user experience of the Mazdax platform has received mixed feedback from users and cannot be assessed as entirely consistent. Some users are satisfied with features such as 24-hour trading of investment funds (including gold and silver), good transaction speed and easy access to markets, describing it as a smooth and practical experience.

On the other hand, another group of users has pointed to problems such as technical bugs, delays in receiving login codes, some sections of the app not working properly, and discrepancies between displayed prices and the main market. Also, alongside some users' satisfaction with the support team's performance, there are reports of dissatisfaction with its responsiveness and with some unfulfilled promises. Overall, although the Mazdax app offers a fast and simple experience in some respects, inconsistent user experience quality has led to varied and sometimes contradictory assessments among users.

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Expert review: Which traders is Mazdax exchange suitable for?

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Mazdax exchange head office details

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Frequently asked questions about Mazdax exchange

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