Wikilix
Licence record

CySEC licence 299/16

Holder
MC Markets
Jurisdiction
Cyprus
Licence type
Financial Service
Last checked
Aug 29, 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.

WIKILIX

Licence intelligence

RecordModified Aug 29, 2026

Licence Verification Record

Cyprus Securities and Exchange Commission 299/16

Wikilix read the CySEC register on Aug 29, 2026. This is what it said.

Issuing authority
Cyprus Securities and Exchange Commission
Holder
MAGIC COMPASS GLOBAL LIMITED
Jurisdiction
Cyprus
Licence type
Financial Service
Effective
Apr 12, 2016
Register status
Authorised

Checked Aug 29, 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/mc-markets/299-16Fields on file 9 / 11

Open MC MarketsAbout 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
Aug 29, 2026
Register says
Authorised

Finding

A tier 2 EU investment-firm (CIF) licence held by Magic Compass Ltd. Covers the site magiccompass.com only; it does not cover the Seychelles brand or the crypto exchange. Client protection: MiFID II conduct rules, segregated funds, and Investor Compensation Fund cover up to 20,000 euros for eligible EU clients.. Effective: 12 Apr 2016.

Exhibit

Register screenshot, captured Aug 29, 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
299/16
Licence type (Wikilix classification)
Financial Service
Register status
Authorised
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 MC Markets applies it.
The holder

Who holds this licence

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

Broker
MAGIC COMPASS GLOBAL LIMITED
Based in
Seychelles
Wikilix score
42.3the firm’s overall score, not a rating of this licence

Wikilix records MC Markets 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.

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.
Also on record

Other licences MC Markets holds

One other licence is on record for MC Markets.

Frequently Asked Questions

Questions about this licence

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

Most Popular Questions
MC Markets offers customer support via live chat during business hours and email at mcmarkets@mcgrp.com. Support is available in English, and the broker maintains active social media profiles on Facebook, Twitter, LinkedIn, Instagram, and YouTube for additional contact and updates.
MC Markets charges commissions on its Raw Spread Account. Deposit fees are generally zero for supported funding methods, but withdrawal fees may apply, especially for bank wire transfers. Specific fee structures depend on the chosen account and payment method.
According to WIKILIX data, MC Markets offers a maximum leverage of 20. This leverage level applies to their trading accounts and is consistent with regulatory limits set by CySEC.
MC Markets supports deposits and withdrawals via credit cards and bank wire transfers. Credit card deposits are processed within hours with no fees, while withdrawals take 24 working hours plus 2-5 business days and must be returned to the original source. Bank wire transfers take about 3 days for deposits, with withdrawal fees of EUR 50 or 3.5% depending on the amount.
MC Markets is regulated by the Cyprus Securities and Exchange Commission (CySEC) and the Seychelles Financial Services Authority (FSA). CySEC is an onshore regulator with high transparency and client fund insurance up to €20,000. The FSA is an offshore regulator with lower transparency and no client fund insurance. Users should consider these regulatory details when assessing safety.
Licence 299/16 was issued by Cyprus Securities and Exchange Commission (CySEC), the financial authority for Cyprus.
MC Markets 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 299/16, and for the name MC Markets rather than the trading brand.
MC Markets has one other licence on record with Wikilix, across one jurisdiction. They are listed further down this page.
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