Magic Compass Information Revealed
Abstract：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 CompassReview Summary | |
| Founded | 2015 |
| Registered Country/Region | Cyprus |
| Regulation | CySEC, Seychelles Financial Services Authority, Canadian Fintrac MSB |
| Market Instruments | Forex, Gold, Silver, Crude Oil, Indices, Cryptocurrencies, U.S. Stocks, Offshore Chinese Yuan, Metals, Shares |
| Demo Account | ✅ |
| Leverage | Up to 1: 400 |
| Spread | EUR/USD: The average spread is 2.1 pips. |
| Trading Platform | MT4 & Magic Compass investment APP |
| Min Deposit | $100 |
| Customer Support | 24/7 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.
Pros and Cons
| Pros | Cons |
| Diverse Instruments | Limited customer support channels |
| Support MT4 | Residents 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.
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 Instruments | Supported |
| 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 type | Margin Mode | Margin/Leverage |
| FX | Fixed Leverage | 400x |
| Crypto | Fixed Leverage | 50x |
| Stock | Fixed Margin | 400 - 1500 USD |
| Metal | Fixed Leverage | 400x |
| Energy | Fixed Leverage | 75x |
| Index | Fixed Leverage | 50x - 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 type | Symbol | Contract size | Average Spread |
| FX | EURUSD.g | 100000 base currency | 2.1 |
| GBPUSD.g | 2.7 | ||
| Crypto | BTCUSDT | 1 | Float |
| ETHUSDT | 20 | ||
| Stock | AAPL | 100 share | 0.4 |
| BIDU | 0.7 | ||
| Metal | XAUUSD.g | 100 ounce | 0.5 |
| XAGUSD.g | 5000 ounce | 0.04 | |
| Energy | UKOIL.g | 1000 barrels | 0.05 |
| USOIL.g | 1000 barrels | 0.05 | |
| Index | HK50.g | 50 HKD/spot | 10 |
| GER30.g | 10 EUR/spot | 3.8 |
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 Platform | Supported Devices | Key Features |
| MT4 | PC | · Real-time Synchronization of International Market |
| IOS | · Diverse Financial Products | |
| Android | · Smart Trading System | |
| Web browser | · In-depth Analysis Function | |
| Magic Compass investment APP | Android | · 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
| Type | Minimum/Maximum Limit |
| Deposit | Minimum deposit: $100 per transaction |
| Fast/Bank Transfer | Maximum deposit: $7,000 per transaction |
| Cryptocurrency | Maximum 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).
Read more
Proxtrend LTD Review for India After Japan’s 20 June 2025 Warning
Japan’s Kanto Local Finance Bureau issued an unregistered-business warning concerning Proxtrend Ltd on 20 June 2025. The notice concerns online solicitation of over-the-counter derivatives. This Proxtrend LTD review, checked on 11 September 2026, examines that dated warning alongside the broker’s corporate disclosures and the separate rules relevant to residents of India. The warning is not a new September announcement or an Indian regulatory finding.
EASY TRADING ONLINE Review 2026: Withdrawal & Account Block Complaints
Did your funds fail to reach your account despite being approved by EASY TRADING ONLINE, an Australia-based brokerage entity? Have you been subject to months of withdrawal delays despite being compliant with norms? Did your trading account suddenly become invalid upon a withdrawal request? All of these complaints have come up on broker review platforms such as WikiFX. This EASY TRADING ONLINE review studies multiple user complaints while also updating its existing regulatory status.
RYOEX review: Does the 20 May 2025 Legal Opinion Prove a Trading Licence?
RYOEX’s Saint Lucia licence-information link opens a legal opinion dated 20 May 2025. The document identifies 2023-00370 as a company number and describes the local legal framework; it is not a trading licence issued by a regulator. This RYOEX review separates that document from the website’s marketing language, checks the different statuses of two account complaints, and explains the separate authorisation question facing Indian residents.
SIMPLEFX Review 2026: Trading Chart Complaints Continue - What Traders Should Know
SIMPLEFX, a Saint Vincent and the Grenadines-based brokerage entity, receives complaints mostly about trading chart manipulations. Generally, while researching broker reviews, complaints usually centre on hassles concerning fund withdrawals. User complaints for this broker have come from many regions, including South Asia. This SIMPLEFX review examines these user allegations and shares its regulatory framework.
WikiFX Broker
Latest News
Canadian Dollar firms as US Dollar loses momentum, Oil prices extend rally
WikiFXSilver Price Forecast: XAG/USD rises to near $66.40 as US Dollar declines, US CPI in focus
WikiFXUnited States Dollar Index holds onto gains above 99 ahead of US CPI data
WikiFXUltima Markets Launches Weekend Gold CFD on MT5
WikiFXGBP/USD Price Forecast: Strengthens above 1.3550, upside bias intact while holding above 100-day SMA
WikiFXWTI Oil nears $100 as Middle East tensions keep supply concerns elevated
WikiFXUK Chancellor Healey: Economy demonstrates welcome resilience despite global uncertainty
WikiFXFNmarkets Review India 2026: Mauritius Licence and RBI Checks
WikiFXChile: Policy pause reflects fragile growth – Societe Generale
WikiFXSouth Korean Won: Gains seen moderating after sharp repricing – DBS
WikiFXRate Calc
