Wikilix
Licence record

MC900: FSC licence GB23201764

Issuing authority
Financial Services Commission
Jurisdiction
Lebanon
Licence type
Financial Service

This is Wikilix's record of a licence issued by Financial Services Commission. 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 Commission GB23201764

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

Holder
Magic Compass
Issuing authority
Financial Services Commission
Jurisdiction
Lebanon
Licence type
Financial Service

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

wikilix.com/brokers/mc900/licenses/financial-services-commission/gb23201764Fields on file 2 / 11

Open MC900All MC900 licencesAbout FSC
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
Lebanon
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
GB23201764
Licence type (Wikilix classification)
Financial Service
The authority

About FSC

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

Full name
Financial Services Commission
Jurisdiction
Lebanon
Strength
Tier 3Lighter-touch supervision; protections vary and are often limited.
Established
1999
Oversight
A government or statutory body
Firms we track under it
8 firms
Regulates
Forex, Fund, Derivatives
Licences it issues
Investment Dealer (Full Service)
Typical cost of a licence
USD 20000-30000
Public register
Searchable by the public
Transparency
Medium

FSC 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

FSC's own rules for the firms it authorises.

  • No compensation scheme
  • Complaints routeFSC Complaints
  • Maximum leverage1:1000
This describes the authority's regime, not how MC900 applies it.
The holder

Who holds this licence

The licence above is recorded against MC900. Wikilix holds no separate company records for this holder, so we cannot say which legal company the register issued it to.

Broker
Magic Compass
Based in
Cyprus
Wikilix score
77.5the firm’s overall score, not a rating of this licence
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 MC900 holds

5 other licences are on record for MC900.

Frequently Asked Questions

Questions about this licence

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

Most Popular Questions
Magic Compass offers customer support primarily in English with live chat available during business hours. The broker also maintains active social media channels including Facebook, Twitter, Instagram, and YouTube for additional contact and updates. Other direct contact details like phone numbers or emails are not specified in the provided context.
Magic Compass provides trading access to various instruments including forex, CFDs, and cryptocurrencies. The broker is licensed to offer a broad range of regulated financial products such as stocks, derivatives, futures, and commodities under its regulatory licenses. Specific instrument availability may vary by region.
Magic Compass offers an ECN execution model with a zero commission structure according to the available data. There is no mention of spreads or additional trading fees in the provided context. Deposit and withdrawal fees are generally not charged by the broker, though third-party fees may apply for bank transfers.
Magic Compass supports several funding methods including credit/debit cards, bank transfers, e-wallets like Skrill and Neteller, and regional options such as POLi and Union Pay. Deposits are typically instant for cards and e-wallets, while bank transfers may take 2-5 business days. Withdrawal times vary from instant to up to 10 days depending on the method.
Magic Compass is a regulated broker with licenses from multiple authorities including CySEC in Cyprus and the Securities and Futures Commission (SFC) in Hong Kong. These regulators oversee its compliance with financial laws and client protection standards. The broker operates under onshore regulation and follows strict fund segregation rules.
Licence GB23201764 was issued by Financial Services Commission (FSC), the financial authority for Lebanon.
MC900 holds this FSC 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 FSC 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 FSC tier 3. Supervision is lighter-touch and client protections vary.
Yes, FSC 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.
MC900 has 5 other licences on record with Wikilix, across 3 jurisdictions. They are listed further down this page.
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