Wikilix
Licence record

CySEC licence 264/15

Holder
MagnaSale
Jurisdiction
Cyprus
Last checked
Sep 15, 2026

This is Wikilix's record of a licence issued by Cyprus Securities and Exchange 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 18, 2026

Licence Verification Record

Cyprus Securities and Exchange Commission 264/15

Wikilix read the CySEC register on Sep 15, 2026. This is what it said.

Issuing authority
Cyprus Securities and Exchange Commission
Holder
Magnasale Trading Limited
Jurisdiction
Cyprus
Effective
Jan 7, 2015
Register status
Active

Checked Sep 15, 2026

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

wikilix.com/licenses/cyprus-securities-and-exchange-commission/magnasale/264-15Fields on file 8 / 11

Open MagnaSaleAbout CySEC
Our check
Checked

What we checked

We found this licence on the issuing authority's own register.

Wikilix check
Confirmed on the register
Authority strength
Tier 2
Jurisdiction
Cyprus
Last checked
Sep 15, 2026
Register says
Active

Finding

A full Cyprus Investment Firm (CIF) authorisation under MiFID II, passportable across the EEA. A genuine EU investment-services licence. Client protection: EU/MiFID conduct and client-money segregation rules; Investor Compensation Fund cover up to EUR 20,000 for eligible clients (this entity serves professional clients and eligible counterparties only).. Effective: 07 Jan 2015.

Exhibit

Register screenshot, captured Sep 15, 2026
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
264/15
Register status
Active
Effective from
Expires
No expiry shown
The authority

About CySEC

Cyprus Securities and Exchange Commission is the authority that issued this licence, and the jurisdiction it applies in is Cyprus.

Full name
Cyprus Securities and Exchange Commission
Jurisdiction
Cyprus
Strength
Tier 2Well-established regimes with real supervision, usually with lower compensation limits than tier 1.
Established
2001
Oversight
A government or statutory body
Firms we track under it
216 firms
Regulates
Forex, Stocks, Options, Derivatives, Commodity, Securities, Futures, CFD
Licences it issues
CIF – Own Account / Matched Principal (CFDs)
Typical cost of a licence
€50000-100000
Public register
Searchable by the public
Transparency
High
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
This describes the authority's regime, not how MagnaSale applies it.
The holder

Who holds this licence

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

Broker
Magnasale Trading Limited
Based in
Cyprus
Operating
10-15 years
Wikilix score
41.5the firm’s overall score, not a rating of this licence

Wikilix records MagnaSale as having no regulation on file. That is a finding about the firm, not about this licence — the register’s own wording above is what states this entry’s standing.

Recorded companies

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

  • Finalto EU LtdCyprus · Reg. HE 332334 · May 15, 2014
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.

Official source
The issuing authority’s registerPublished by the authority, not by Wikilix.
Last checked by Wikilix
Record last edited
When this entry was last changed in our database, which may be a correction rather than a change at the register.
Evidence held
A screenshot of the register entry is on file.
Wikilix records what an authority published. It does not issue or endorse authorisations.
Frequently Asked Questions

Questions about this licence

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

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.

No licence held under the MagnaSale name was confirmed in this review. The brand's website no longer resolves, so any regulatory statement it once published cannot be read or checked. What is confirmed is corporate registration only, HE 332334 in Cyprus, which proves the company exists but is not financial regulation and carries no client protection.

Licence 264/15 was issued by Cyprus Securities and Exchange Commission (CySEC), the financial authority for Cyprus.
MagnaSale holds this CySEC licence. A licence on record means the authority published an entry; it is not an endorsement.
We located this entry on the CySEC register. Note that confirming a register ENTRY is not the same as confirming a live licence — the register’s own wording on this page is what states its current standing.
Wikilix rates CySEC tier 2: a well-established regime with real supervision, usually with lower compensation limits than a tier-1 authority.
This page links straight to the CySEC register. Search it for 264/15, and for the name MagnaSale rather than the trading brand.
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