Wikilix
Licence record

MC Prime: FSA licence SD184

Issuing authority
Financial Services Authority
Jurisdiction
Seychelles

This is Wikilix's record of a licence issued by Financial Services Authority. It sets out what the register says, what we checked, and what the authority's own rules protect.

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Licence intelligence

RecordModified Jul 27, 2026

Licence Verification Record

Financial Services Authority SD184

Recorded from the firm's own disclosure. Not yet checked against the register.

Holder
Magic Compass Capital Ltd
Issuing authority
Financial Services Authority
Jurisdiction
Seychelles

A licence record describes what an authority published. It is not an endorsement, and Wikilix does not issue authorisations.

wikilix.com/brokers/mc-prime/licenses/financial-services-authority/sd184Fields on file 1 / 11

Open MC PrimeAll MC Prime licencesAbout FSA
Our check

What we checked

Nobody has adjudicated this licence yet. It is recorded here as claimed, not as confirmed.

Wikilix check
Not checked
Authority strength
Tier 3
Jurisdiction
Seychelles
Last checked
Never

Nobody at Wikilix has looked this licence up on the official register yet. Everything above comes from the record as supplied; treat it as a claim until you have checked it yourself.

A licence record describes what an authority published. It is not an endorsement, and Wikilix does not issue authorisations.
The register

What the authority publishes

Printed as the register prints it. A field that is missing here is one nobody has recorded, not one the register leaves blank.

Licence number
SD184
The authority

About FSA

Financial Services Authority is the authority that issued this licence, and the jurisdiction it applies in is Seychelles.

Full name
Financial Services Authority
Jurisdiction
Seychelles
Strength
Tier 3Lighter-touch supervision; protections vary and are often limited.
Established
2012
Oversight
A government or statutory body
Firms we track under it
5 firms
Licences it issues
International business company; international bank; trust & insurance; mutual fund; registered agent; forex dealer
Typical cost of a licence
USD 35k–80k plus capital; IBC
Public register
Searchable by the public
Transparency
Medium

FSA is classed as an offshore regime. An offshore registration can be entirely legitimate, but it typically means lower capital requirements, no compensation scheme, and a complaint route that is harder to use from abroad.

Protection

What this licence protects

FSA's own rules for the firms it authorises.

  • No compensation scheme
  • Client money kept separate
  • Complaints routeFSA complaints & Financial Services Ombudsman
  • Maximum leverage1:500
This describes the authority's regime, not how MC Prime applies it.
The holder

Who holds this licence

The licence above is recorded against MC Prime. A licence is issued to a legal company, so the companies below are what you would search a corporate register for.

Broker
Magic Compass Capital Ltd
Based in
Mauritius
Wikilix score
56.8the firm’s overall score, not a rating of this licence

Recorded companies

None of these matches the name the register printed, so we do not say which one holds this licence.

  • MAGIC COMPASS LTDUnited States · Reg. 20221781175 · Aug 12, 2022
  • MAGIC COMPASS (PTY) LTDCyprus · Reg. HE393160 · Jan 9, 2019
Provenance

Where this record came from

Every date below has already happened. We do not publish a promised next-update date, because we do not schedule per-licence re-checks.

Last checked by Wikilix
Never — nobody has looked this entry up yet
Record last edited
When this entry was last changed in our database, which may be a correction rather than a change at the register.
Wikilix records what an authority published. It does not issue or endorse authorisations.
Also on record

Other licences MC Prime holds

2 other licences are on record for MC Prime.

Frequently Asked Questions

Questions about this licence

Answered from this register entry and the authority’s own record.

Most Popular Questions
MC Prime offers customer support in English with live chat available during business hours. The broker's contact details include a physical address in Mauritius and social media links on Facebook, Twitter, and Instagram.
Yes — MC Prime requires KYC verification to open an account.
According to WIKILIX data, MC Prime offers a maximum leverage of up to 500. This high leverage is available under its offshore license from the Seychelles Financial Services Authority.
Clients can deposit and withdraw funds via credit cards (Visa, MasterCard) and bank wire transfers through Swissquote bank. Deposits are free of commission, while withdrawals via bank wire may incur a fee of approximately 3.5% or a flat EUR 50 fee. Withdrawals must be returned to the original deposit source.
MC Prime provides the MetaTrader 5 platform for desktop users. MetaTrader 5 supports multiple asset classes including forex, stocks, and futures, and offers advanced analytics and algorithmic trading tools.
MC Prime is regulated by the Securities and Futures Commission (SFC) in Hong Kong and the Cyprus Securities and Exchange Commission (CySEC). These regulators oversee its activities including futures contracts, leveraged forex trading, and market making. The broker also holds an offshore license from the Seychelles Financial Services Authority (FSA).
Licence SD184 was issued by Financial Services Authority (FSA), the financial authority for Seychelles.
MC Prime holds this FSA licence. A licence on record means the authority published an entry; it is not an endorsement.
Nobody at Wikilix has looked this entry up on the FSA register yet, so treat it as claimed rather than confirmed. That is a gap in our coverage, not a finding against the licence.
Wikilix rates FSA tier 3. Supervision is lighter-touch and client protections vary.
Yes, FSA is classed as an offshore regime. That can be a legitimate registration, but it usually means lower capital requirements, no compensation scheme, and a complaint route that is harder to use from abroad.
MC Prime has 2 other licences on record with Wikilix, across 2 jurisdictions. They are listed further down this page.
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