Wikilix
Licence record

FSA licence SD184

Holder
MC Markets
Jurisdiction
Seychelles
Licence type
Financial Service
Last checked
Aug 29, 2026

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

WIKILIX

Licence intelligence

RecordModified Sep 7, 2026

Licence Verification Record

The Seychelles Financial Services Authority SD184

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

Issuing authority
The Seychelles Financial Services Authority
Holder
MAGIC COMPASS GLOBAL LIMITED
Jurisdiction
Seychelles
Licence type
Financial Service
Register status
Legally valid

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/the-seychelles-financial-services-authority/mc-markets/sd184Fields on file 8 / 11

Open MC MarketsAbout FSA
Our check
Checked

What we checked

This authorisation is in force but limited — it does not carry the same protections as a full trading licence.

Wikilix check
Limited
Authority strength
Tier 3
Jurisdiction
Seychelles
Last checked
Aug 29, 2026
Register says
Legally valid

Finding

A genuine but low-tier offshore Securities Dealer licence held by Magic Compass Global Ltd. It permits securities dealing from Seychelles but gives weak client protection and no meaningful compensation scheme. Client protection: Minimal. Offshore supervision with no investor compensation fund; client money protection is limited..

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
SD184
Licence type (Wikilix classification)
Financial Service
Register status
Legally valid
The authority

About FSA

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

Full name
The Seychelles Financial Services Authority
Jurisdiction
Seychelles
Strength
Tier 3Lighter-touch supervision; protections vary and are often limited.
Established
2013
Oversight
A government or statutory body
Firms we track under it
143 firms
Regulates
Stocks, Fund
Licences it issues
Securities Dealer – Principal & Agency
Typical cost of a licence
USD 10000-20000
Public register
Searchable by the public
Transparency
Low

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
  • Complaints routeFSA Enquiries
  • Maximum leverage1:1000
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 SD184 was issued by The Seychelles Financial Services Authority (FSA), the financial authority for Seychelles.
MC Markets holds this FSA licence. A licence on record means the authority published an entry; it is not an endorsement.
We located this entry on the FSA 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 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.
This page links straight to the FSA register. Search it for SD184, 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.
Still Need Help?

Can't find what you're looking for?

Our support team is here to help you get the answers you need.