CySECCyprusTier 2Licence number
264/15
View licence record- Licence holder
- Held by MagnaSale
Found on registerChecked
At a glance
Regulation on record for MagnaSale
Counts of what is on record, not a rating. Each figure describes the register entries Wikilix holds and the checks it has run against them.
- Licences on record
- 1
- Issuing authorities
- 1
- From tier-1 or tier-2 authorities
- 1
- Found on an official register
- 1
MagnaSale has one licence on record with Wikilix, issued by one authority across one jurisdiction. One of them was issued by a tier-1 or tier-2 authority — the regimes with the strictest capital, reporting and client-money rules. We located 1 of 1 on the issuing authority’s own register.
Issuing authorities
Jurisdictions
Licence record
Licences on record
Every licence on record for MagnaSale, strongest authority first.
1 record
- CySECCyprusTier 2
Check it yourself
Look these up on the official registers
Each authority below publishes a register you can search. The name a register prints is often a separate legal entity, not the trading brand — search for the name given here.
- CySEC registerOpen register
Protection
What this licence protects
CySEC's own rules for the firms it authorises.
- Compensation schemeUp to €20000 (ICF)
- Client money kept separate
- Negative balance protection
- Complaints routeCyprus Financial Ombudsman
- Maximum leverage1:30
Frequently Asked Questions
Questions about the licences held by MagnaSale
Answered from the register entries on this page.
Most Popular Questions
Treat it as unverified and do not send money or documents on the strength of the name alone. A brand with no working website is an easy one to borrow, and the company that used it now appears on the Cyprus register under a different name. Ask which legal entity you would be contracting with, check that name and its registration number on the official register yourself, and decline anything that will not answer in writing.
Unknown. No restricted country list, no accepted country list and no registration form could be read, because the brand's site is not reachable. No country policy is recorded on this profile rather than an empty list being presented as meaning the broker restricts nobody.
The contact details of record are the telephone number +357 22232193 and the email address info@magnasaleltd.com. The email sits on a domain that no longer resolves, so it should not be assumed to be deliverable, and no live chat or support portal is published.
The operating company was registered on 15 May 2014, giving about twelve years of verifiable corporate existence on the Cyprus register. The brand itself is no longer in use, so the corporate age and the brand's active trading life are not the same thing.
Nicosia, Cyprus. The address published for the brand is Strovolou 148, Strovolos, 2048, Nicosia, and it matches the registered office recorded for HE 332334 on the Cyprus company register. That match is one of the stronger points in the brand's favour.
No deposit or withdrawal methods are published, and no working client area or funding page exists under the MagnaSale name. Anyone still holding a balance associated with this brand should pursue it through the registered company rather than through the brand name, using the Cyprus registration HE 332334 as the identifier.
Not published. No maximum leverage is stated anywhere this review could read, and none is recorded on the profile rather than an estimate being supplied.
None are published. No spread, commission, swap or withdrawal fee schedule is available, because the brand publishes no reachable website and no fee information exists to report. No figure should be assumed.
MetaTrader 4 and MetaTrader 5. Both were provided on a white label basis, meaning the brand traded on server infrastructure licensed to another operator rather than on a MetaTrader server licence in its own name. Whether either remains accessible under the MagnaSale name cannot be confirmed.
It is not published. No minimum deposit figure is available from any source this review may rely on, because the brand's own site is no longer reachable. Treat any figure quoted elsewhere as unverified.
No. The domain published for the brand, magnasaleltd.com, no longer resolves. There is no live homepage, no terms, no account opening page and no funding page to read, which is the main practical reason the brand cannot be assessed as a working broker.
Nothing found in this review shows fraud, and the corporate trail is unusually clean for a brand with a dead website: a real, active Cyprus company with a registration number, a registration date, a named board and a registered office matching the address it published. The honest position is that MagnaSale is unverified rather than either safe or fraudulent, because no licence could be confirmed and there is no working site left to examine.
MagnaSale was the brand of a Cyprus company registered on 15 May 2014 as Magnasale Trading Limited. The Cyprus company register now records that same registration, HE 332334, under the name Finalto EU Ltd, and the entry is active. The brand name was retired rather than the company disappearing.
MagnaSale has one licence record with Wikilix, issued by one authority across one jurisdiction. A licence on record means an authority published an entry; it is not an endorsement, and Wikilix does not issue authorisations.
MagnaSale holds licence records issued by CySEC. Each authority’s own record — its tier, jurisdiction and client-protection rules — is linked from this page.
One of the licence records held by MagnaSale comes from tier-1 or tier-2 authorities (0 tier-1, 1 tier-2). Those regimes set the strictest capital, reporting and client-money requirements.
We located 1 of the 1 licence records held by MagnaSale on the issuing authority’s own register. Every entry has been looked up. An unchecked entry is a gap in our coverage, not a finding against the licence.
MagnaSale has licence records in Cyprus. A licence applies in the jurisdiction that issued it; it does not by itself cover clients elsewhere.