Score
Magic Compass
Cyprus|5-10 years| https://pro.mcint-as.com/
Website
Rating Index
MT4/5 Identification
MT4/5 Identification
Full License
ChinaContact
Licenses
Licensed Institution：Magic Compass Global Ltd
License No.：SD184
Single Core
1G
40G
1M*ADSL
- The Seychelles FSA regulation with license number: SD184 is an offshore regulation. Please be aware of the risk!
Basic Information
Cyprus
Formal full license MT4/5 traders will have sound system services and follow-up technical support. Generally, their business and technology are relatively mature and their risk control capabilities are strong
Users who viewed Magic Compass also viewed..
FXCM
- Above 20 years |
- Regulated in Australia |
- Market Making(MM) |
- MT4 Full License
MultiBank Group
- 10-15 years |
- Regulated in Australia |
- Market Making(MM) |
- MT4 Full License
XM
- 10-15 years |
- Regulated in Australia |
- Market Making(MM) |
- MT4 Full License
VT Markets
- 5-10 years |
- Regulated in Australia |
- Market Making(MM) |
- MT4 Full License
Website
magicspro.com
Server Location
United States
Website Domain Name
magicspro.com
Server IP
15.197.148.33
-
mcint-as.com
Server Location
China
Website Domain Name
mcint-as.com
Server IP
114.67.78.46
-
prowayints.com
Server Location
United States
Website Domain Name
prowayints.com
Server IP
15.197.148.33
Genealogy
VIP is not activated.
Red Lion Capital
RED LION CAPITAL
Magic Compass
Company Summary
Company Summary
Company profile
Keywords
- 5-10 years
- Regulated in Seychelles
- Retail Forex License
- MT4 Full License
- MT5 Full License
- Self-developed
- Regional Brokers
- Medium potential risk
- Offshore Regulated
| Magic CompassReview Summary | |
| Founded | 2015 |
| Registered Country/Region | Cyprus |
| Regulation | CySEC, Seychelles Financial Services Authority, Canadian Fintrac MSB |
| Market Instruments | Forex, Gold, Silver, Crude Oil, Indices, Cryptocurrencies, U.S. Stocks, Offshore Chinese Yuan, Metals, Shares |
| Demo Account | ✅ |
| Leverage | Up to 1: 400 |
| Spread | EUR/USD: The average spread is 2.1 pips. |
| Trading Platform | MT4 & Magic Compass investment APP |
| Min Deposit | $100 |
| Customer Support | 24/7 online consultation with a professional customer service team |
| We Chat Official Accounts | |
Magic Compass Information
Magic Compass, founded in 2015, is an international electronic trading company. The company is regulated offshore by FSA. Its trading instruments cover over 50 popular products including forex, gold, oil, etc.
Pros and Cons
| Pros | Cons |
| Diverse Instruments | Limited customer support channels |
| Support MT4 | Residents or passport holders from jurisdictions including Canada, the United States, and Belgium are unaccepted. |
| STP Forex Trading Platform | |
| Self-developed trading APP software | |
| 24/7 online consultation |
Is Magic Compass Legit?
Magic Compass claims to be regulated by CySEC, Canadian Fintrac MSB, and the St. Vincent and the Grenadines Financial Services Authority (FSA). As verified by WikiFX, its license is regulated by the Seychelles Financial Services Authority.
What Can I Trade on Magic Compass?
Magic Compass offers multiple popular products for traders, including forex, gold, silver, crude oil, indices, cryptocurrencies, U.S. stocks, and more.
| Tradable Instruments | Supported |
| Stocks | ✔ |
| Forex | ✔ |
| Funds | ❌ |
| Bonds | ❌ |
| Futures | ✔ |
| Cryptocurrencies | ✔ |
| Precious metals & Commodities | ✔ |
| Indices | ✔ |
Leverage
Each trading product has a different leverage, with a maximum of 1:400.
| Breed type | Margin Mode | Margin/Leverage |
| FX | Fixed Leverage | 400x |
| Crypto | Fixed Leverage | 50x |
| Stock | Fixed Margin | 400 - 1500 USD |
| Metal | Fixed Leverage | 400x |
| Energy | Fixed Leverage | 75x |
| Index | Fixed Leverage | 50x - 200x |
Magic Compass Fees
Magic Compass spreads
Each trading product has a different spread. For more details, please refer to the contract information on the official website.
| Breed type | Symbol | Contract size | Average Spread |
| FX | EURUSD.g | 100000 base currency | 2.1 |
| GBPUSD.g | 2.7 | ||
| Crypto | BTCUSDT | 1 | Float |
| ETHUSDT | 20 | ||
| Stock | AAPL | 100 share | 0.4 |
| BIDU | 0.7 | ||
| Metal | XAUUSD.g | 100 ounce | 0.5 |
| XAGUSD.g | 5000 ounce | 0.04 | |
| Energy | UKOIL.g | 1000 barrels | 0.05 |
| USOIL.g | 1000 barrels | 0.05 | |
| Index | HK50.g | 50 HKD/spot | 10 |
| GER30.g | 10 EUR/spot | 3.8 |
Non-Trading Fees
| Non-trading Fees | Magic Compass |
| Deposit Fee | $100（Min） |
| Withdrawal Fee | Normal circumstances：Fee waivedWithdrawal amount is less than $50：$3 feeTrading volume (closed position margin) is less than 50% of the total deposit：10% fee of the withdrawal amount |
| Inactivity Fee | None |
Trading Platform
Magic Compass provides the MT4 and Magic Compass investment APP.
| Trading Platform | Supported Devices | Key Features |
| MT4 | PC | · Real-time Synchronization of International Market |
| IOS | · Diverse Financial Products | |
| Android | · Smart Trading System | |
| Web browser | · In-depth Analysis Function | |
| Magic Compass investment APP | Android | · Support Transactions of Various Types |
| iOS | · Support EA SmartTransaction | |
| · Audible Reminder ofReaching Set-price | ||
| · Powerful Chart Analysis Function | ||
| · Friendly and IntuitiveTrading Interface | ||
| · Excellent TransactionExecution Function |
Deposit and Withdrawal
Magic Compass has a minimum deposit requirement of $100 and may charge withdrawal fees depending on the circumstances.
Deposit
| Type | Minimum/Maximum Limit |
| Deposit | Minimum deposit: $100 per transaction |
| Fast/Bank Transfer | Maximum deposit: $7,000 per transaction |
| Cryptocurrency | Maximum deposit: $30,000 per transaction |
Withdrawals
Withdrawals have no amount limit but may incur a fee. Deposits are unlimited and can be made anytime. Withdrawals are processed during financial department hours (Monday to Friday, 09:00-18:00), typically within 1 business day, depending on bank processing time (1-3 business days).
Review 4
Content you want to comment
Please enter...
Review 4
TOP 
Chrome
Chrome extension
Global Forex Broker Regulatory Inquiry
Browse the forex broker websites and identify the legit and fraud brokers accurately
Install Now
Scott Walker
Nigeria
Peace of mind knowing Magic Compass is CySEC regulated, ensuring my funds are protected. Negative balance protection? Huge plus! No way I'm losing more than I deposit.😃
Neutral
2024-06-28
William Johnson
United Kingdom
Magic Compass's mobile app is great, but I'm cautious about their regulatory standing. It works well, but there's always that nagging doubt.
Neutral
2024-06-26
砥砺前行7326
Hong Kong
How is this platform?
Neutral
2023-01-08
FX1355090736
Egypt
Hello
Neutral
2022-11-14