Wikilix
Licence record

MC900: SFC licence AXT242

Issuing authority
Securities and Futures Commission
Jurisdiction
Hong Kong
Licence type
Advising on securities

This is Wikilix's record of a licence issued by Securities and Futures 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 Sep 7, 2026

Licence Verification Record

Securities and Futures Commission AXT242

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

Holder
Magic Compass
Issuing authority
Securities and Futures Commission
Jurisdiction
Hong Kong
Licence type
Advising on securities

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

wikilix.com/brokers/mc900/licenses/securities-and-futures-commission/axt242-2665Fields on file 2 / 11

Open MC900All MC900 licencesAbout SFC
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 1
Jurisdiction
Hong Kong
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
AXT242
Licence type (Wikilix classification)
Advising on securities
The authority

About SFC

Securities and Futures Commission is the authority that issued this licence, and the jurisdiction it applies in is Hong Kong.

Full name
Securities and Futures Commission
Jurisdiction
Hong Kong
Strength
Tier 1The strictest regimes: high capital requirements, segregated client money and a compensation scheme.
Established
1989
Oversight
A government or statutory body
Firms we track under it
189 firms
Regulates
forex, Stocks, Derivatives, Securities, Futures
Licences it issues
Type 3 Leveraged FX, Type 1 Dealing in Securities
Typical cost of a licence
HKD 500000+
Public register
Searchable by the public
Transparency
High
Protection

What this licence protects

SFC's own rules for the firms it authorises.

  • No compensation schemeNo mandatory insurance (but strict fund segregation)
  • Client money kept separate
  • Negative balance protection
  • Complaints routeSFC Complaints / FDRC
  • Maximum leverage1:13
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 AXT242 was issued by Securities and Futures Commission (SFC), the financial authority for Hong Kong.
MC900 holds this SFC 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 SFC 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 SFC tier 1 — the strictest band, with high capital requirements, segregated client money and a compensation scheme.
MC900 has 5 other licences on record with Wikilix, across 4 jurisdictions. They are listed further down this page.
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