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Magic Compass logo

Magic Compass

Regulated
Cyprus
,
Since 2016
Last Updated:

Broker Summary

Summary of the broker

Loading description...

Regulatory Licenses

Compliance & oversight

2 licenses
United Kingdom
FCATier 1
United Kingdom•#771683
Regulated
Cyprus
CySECTier 2
Cyprus•#299/16
Regulated
1
Tier 1
2
Countries
0
Offshore

Account Types

Trading account options

3 types
Standard
Standard
Min Deposit USD 100 • Leverage 1:20 • Commission No commission
Raw Spread
ECN
Min Deposit USD 5,000 • Leverage 1:20 • Commission Commission applies
Premium
VIP
Min Deposit USD 2,500 • Leverage 1:20 • Commission No commission
3
Total Types
3
Categories
—
ECN Available

Funding Methods

Deposit & withdrawal options

2 methods
Credit Cards (Visa, Visa Electron, MasterCard, Maestro)
Credit Card2 min
Free Deposit
Bank Wire Transfers
Bank Transfer3 min
Free Deposit
2
Free Deposit
2
Instant
0
Crypto

Trading Platforms

Professional trading tools

1 Available
Meta Trader 5

Meta Trader 5

by MetaQuotes Software Corp • 2010

Windows
Mac
Linux
Web
+3
Rating
4.5
Status
Available
Type
Integrated
Platforms
+
Trading Software
Visit

Global Domains

Worldwide web presence

1 site
🌐
https://www.magiccompass.com/
Unknown
Active
SSL
1
Active
1
Countries
100%
SSL

Corporate Network

Enterprise structure & relationships

1 entities

MAGIC COMPASS LTD

United States
active

Registration

20221781175

Established

2022-08-12

Comments

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62/100
Overall Score

Trading Conditions

Min Deposit:
USD100
Max Leverage:
20
Account Types
StandardRaw SpreadPremium

User Reviews

—
Total Reviews
—
This Month
—
Avg Rating

Funding Methods

2 methods

Credit Cards (Visa, Visa Electron, MasterCard, Maestro)

credit card
2 hours
Fee:
Free
Fee:
Free

Bank Wire Transfers

bank transfer
3 days
Fee:
Free
Fee:
3.5%

Performance Metrics

Excellent Performance
Performance chart: 1: Regulation 71%, 2: License 83%, 3: Software 50%, 4: Spread 0%, 5: Account Type 42%, 6: Symbol 0%
Regulation
71%Good
License
83%Excellent
Software
50%Fair
Spread
0%Poor
Account Type
42%Poor
Symbol
0%Poor

Regulatory Licenses

Tier 1
United Kingdom flag
Retail Forex License
Regulated
FCA | United Kingdom
Tier 2
Cyprus flag
Market Making(MM)
Regulated

Performance Metrics

Excellent Performance

Regulatory Licenses

Tier 1
United Kingdom flag
Retail Forex License
Regulated
FCA | United Kingdom
Tier 2
Cyprus flag
Market Making(MM)
Regulated
CySEC | Cyprus

Customer Support

Phone:
+357 25023880
Live Chat:
business_hours
Response Time:
—

Company Information

Full Name:Magic Compass Ltd
Founded:2016
Headquarters:Cyprus
Enterprise Offices:1offices

Funding Methods

2 methods

Credit Cards (Visa, Visa Electron, MasterCard, Maestro)

credit card
2 hours
Fee:
Free
Fee:
Free

Bank Wire Transfers

bank transfer
3 days
Fee:
Free
Fee:
3.5%

Trading Conditions

Min Deposit:
USD100
Max Leverage:
20
Account Types
StandardRaw Spread

User Reviews

—
Total Reviews
—
This Month
—
Avg Rating
Scroll Down

Social Presence

Digital community engagement

0 platform

No Social Media Presence

This broker doesn't have active social media accounts

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Call us123 456 7890329 Queensberry Street, North Melbourne VIC
3051, Australia.[email protected]
Frequently Asked Questions

Frequently Asked Questions

Common questions about Magic Compass

Most Popular Questions
1

What customer support options are available for Magic Compass clients?

Magic Compass provides customer support via phone and live chat during business hours. Support is available in English, ...
2

What leverage does Magic Compass offer to traders?

Magic Compass offers a maximum leverage of 20:1 according to the provided trading conditions. This leverage level is con...
3

What is the minimum deposit required to open an account with Magic Compass?

The minimum deposit amount to open an account with Magic Compass is 100 USD. This applies to both credit card and bank w...
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CySEC | Cyprus

Company Information

Full Name:Magic Compass Ltd
Founded:2016
Headquarters:Cyprus
Enterprise Offices:1offices

Customer Support

Phone:
+357 25023880
Live Chat:
business_hours
Response Time:
—
Languages:
English
Languages:
English
Premium
Submit Review