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Score

5.78 /10
Average

Magic Compass

Cyprus

5-10 years

Regulated in Seychelles

Retail Forex License

MT4 Full License

Regional Brokers

Medium potential risk

Offshore Regulated

https://pro.mcint-as.com/

Benchmark

AAA

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Score

Regulatory Index3.92

Business Index7.84

Risk Management Index8.90

Software Index8.97

License Index3.92

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Website

Licenses

VPS Standard
No restriction on the broker account. Support service provided by WikiFX

Single Core

1G

40G

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Broker Information

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Company Name

Magic Compass GLOBAL CAPITAL LLC

Company Abbreviation

Magic Compass

Platform registered country and region

Cyprus

Company website

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Company summary

Pyramid scheme complaint

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WikiFX Risk Alerts
Previous Detection : 2025-04-30
  • The Seychelles FSA regulation with license number: SD184 is an offshore regulation. Please be aware of the risk!

WikiFX Survey

Good

Magic Compass

Cyprus

WikiFX Verification

Magic Compass · Benchmark
Average transaction speed(ms)
164.1 Perfect
The highest transaction speed(ms)
92 Great
The highest speed of opening positions(ms)
97 Great
The highest speed of closing position(ms)
92 Great
The lowest speed of opening positions(ms)
782 Great
The lowest speed of closing position(ms)
1025 Good
Ranking： 5 / 125
Test user 270
Transactions 2,587
Ocuppied margin $210,012 USD
Data Source WikiFX Data provide
Updated: 2025-04-28 01:04:00
Magic Compass · Company summary
Magic CompassReview Summary
Founded2015
Registered Country/RegionCyprus
RegulationCySEC, Seychelles Financial Services Authority, Canadian Fintrac MSB
Market InstrumentsForex, Gold, Silver, Crude Oil, Indices, Cryptocurrencies, U.S. Stocks, Offshore Chinese Yuan, Metals, Shares
Demo Account✅
LeverageUp to 1: 400
SpreadEUR/USD: The average spread is 2.1 pips.
Trading PlatformMT4 & Magic Compass investment APP
Min Deposit$100
Customer Support24/7 online consultation with a professional customer service team
We Chat Official Accounts

Magic Compass Information

Magic Compass, founded in 2015, is an international electronic trading company. The company is regulated offshore by FSA. Its trading instruments cover over 50 popular products including forex, gold, oil, etc.

Magic Compass Information

Pros and Cons

Pros Cons
Diverse InstrumentsLimited customer support channels
Support MT4Residents or passport holders from jurisdictions including Canada, the United States, and Belgium are unaccepted.
STP Forex Trading Platform
Self-developed trading APP software
24/7 online consultation

Is Magic Compass Legit?

Magic Compass claims to be regulated by CySEC, Canadian Fintrac MSB, and the St. Vincent and the Grenadines Financial Services Authority (FSA). As verified by WikiFX, its license is regulated by the Seychelles Financial Services Authority.

Is Magic Compass Legit?
Is Magic Compass Legit?

What Can I Trade on Magic Compass?

Magic Compass offers multiple popular products for traders, including forex, gold, silver, crude oil, indices, cryptocurrencies, U.S. stocks, and more.

Tradable InstrumentsSupported
Stocks✔
Forex✔
Funds❌
Bonds❌
Futures✔
Cryptocurrencies✔
Precious metals & Commodities✔
Indices✔

Leverage

Each trading product has a different leverage, with a maximum of 1:400.

Breed typeMargin ModeMargin/Leverage
FXFixed Leverage400x
CryptoFixed Leverage50x
StockFixed Margin400 - 1500 USD
MetalFixed Leverage400x
EnergyFixed Leverage75x
IndexFixed Leverage50x - 200x

Magic Compass Fees

Magic Compass spreads

Each trading product has a different spread. For more details, please refer to the contract information on the official website.

Breed typeSymbolContract sizeAverage Spread
FXEURUSD.g100000 base currency2.1
GBPUSD.g2.7
CryptoBTCUSDT1Float
ETHUSDT20
StockAAPL100 share0.4
BIDU0.7
MetalXAUUSD.g100 ounce0.5
XAGUSD.g5000 ounce0.04
EnergyUKOIL.g1000 barrels0.05
USOIL.g1000 barrels0.05
IndexHK50.g50 HKD/spot10
GER30.g10 EUR/spot3.8

Non-Trading Fees

Non-trading Fees Magic Compass
Deposit Fee $100（Min）
Withdrawal Fee Normal circumstances：Fee waivedWithdrawal amount is less than $50：$3 feeTrading volume (closed position margin) is less than 50% of the total deposit：10% fee of the withdrawal amount
Inactivity Fee None

Trading Platform

Magic Compass provides the MT4 and Magic Compass investment APP.

Trading PlatformSupported DevicesKey Features
MT4PC· Real-time Synchronization of International Market
IOS· Diverse Financial Products
Android· Smart Trading System
Web browser· In-depth Analysis Function
Magic Compass investment APPAndroid· Support Transactions of Various Types
iOS· Support EA SmartTransaction
· Audible Reminder ofReaching Set-price
· Powerful Chart Analysis Function
· Friendly and IntuitiveTrading Interface
· Excellent TransactionExecution Function

Deposit and Withdrawal

Magic Compass has a minimum deposit requirement of $100 and may charge withdrawal fees depending on the circumstances.

Deposit

TypeMinimum/Maximum Limit
DepositMinimum deposit: $100 per transaction
Fast/Bank TransferMaximum deposit: $7,000 per transaction
CryptocurrencyMaximum deposit: $30,000 per transaction

Withdrawals

Withdrawals have no amount limit but may incur a fee. Deposits are unlimited and can be made anytime. Withdrawals are processed during financial department hours (Monday to Friday, 09:00-18:00), typically within 1 business day, depending on bank processing time (1-3 business days).

News

ReviewOngoing Dollar Weakness Continues to Support Gold's Medium-to-Long-Term Trend

As previously noted, "the dollar remains vulnerable," and if this weakening trend persists, gold is expected to continue benefiting from safe-haven demand, maintaining a solid foundation for medium-to

WikiFX
2025-04-29 10:27
Ongoing Dollar Weakness Continues to Support Gold's Medium-to-Long-Term Trend

ReviewU.S. Dollar Slides Sharply, Boosting Gold Prices

Market OverviewIn early Asian trading hours on Tuesday, April 29, spot gold remained rangebound, currently hovering around $3,333 per ounce. On Monday, gold prices reversed earlier losses, having dipp

WikiFX
2025-04-29 09:49
U.S. Dollar Slides Sharply, Boosting Gold Prices

ReviewDollar Index Rebounds from Lows as Gold Faces Near-Term Selling Pressure

“Dollar Stabilizes, Non-U.S. Currencies Under Pressure”The U.S. Dollar Index experienced significant volatility last week. Initially shaken by President Trumps public criticism of Federal Reserve Chai

WikiFX
2025-04-28 10:34
Dollar Index Rebounds from Lows as Gold Faces Near-Term Selling Pressure

ReviewIs the Bullish Sentiment Fading? A Market Reversal on the Horizon?

Market OverviewMarket sentiment wavered sharply following remarks from President Trump, as investors swung between risk appetite and risk aversion. U.S. Treasury yields continued their downward trend,

WikiFX
2025-04-28 10:27
Is the Bullish Sentiment Fading? A Market Reversal on the Horizon?

ReviewRate Cuts Are Coming: The First of Four Bullish Catalysts for Risk Assets

As of April 24, 2025, all four major U.S. equity benchmarks posted gains for a third straight session, supported by strong corporate earnings and easing trade tensions. Meanwhile, growing expectations

WikiFX
2025-04-25 10:25
Rate Cuts Are Coming: The First of Four Bullish Catalysts for Risk Assets

ReviewRate Cut Expectations Rise, Gold Prices Rebound

Market OverviewOn Thursday, dovish signals from the Federal Reserve fueled expectations of interest rate cuts, sending the U.S. Dollar Index lower. The index fell 0.611% to close at 99.29. Treasury yi

WikiFX
2025-04-25 09:32
Rate Cut Expectations Rise, Gold Prices Rebound

ReviewOvernight, Negative News Dissipates Entirely, Risk Assets Stage a Massive Rally

Trump has begun to transform from a stubborn child into a Mr. Nice Guy, admitting that he believes the 145% tariff imposition is excessively high, suggesting a potential U-turn with a significant redu

WikiFX
2025-04-24 10:40
Overnight, Negative News Dissipates Entirely, Risk Assets Stage a Massive Rally

ReviewSafe-Haven Sentiment Retreats, Gold Price Pulls Back

Market OverviewOn Wednesday, the Dollar Index continued its rebound as Trump and Mnuchin offered optimistic signals regarding trade negotiations, ultimately closing up 0.932% at 99.9. U.S. Treasury yi

WikiFX
2025-04-24 10:34
Safe-Haven Sentiment Retreats, Gold Price Pulls Back
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Scott Walker
more than one year
Peace of mind knowing Magic Compass is CySEC regulated, ensuring my funds are protected. Negative balance protection? Huge plus! No way I'm losing more than I deposit.😃
Peace of mind knowing Magic Compass is CySEC regulated, ensuring my funds are protected. Negative balance protection? Huge plus! No way I'm losing more than I deposit.😃
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2024-06-28 14:30
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William Johnson
more than one year
Magic Compass's mobile app is great, but I'm cautious about their regulatory standing. It works well, but there's always that nagging doubt.
Magic Compass's mobile app is great, but I'm cautious about their regulatory standing. It works well, but there's always that nagging doubt.
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2024-06-26 13:52
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