Company Information

Get to know Magic Compass

Founded in 2012, Magic Compass Ltd is an investment firm that provides online trading services to retail and institutional clients globally. The company operates on a Straight-Through Processing (STP) and Electronic Communication Network (ECN) model, aiming to offer a transparent trading environment with no conflict of interest. It provides access to a wide range of financial instruments, including foreign exchange, indices, commodities, and precious metals, primarily through the MetaTrader 4 trading platform. The company is authorized and regulated by the Cyprus Securities and Exchange Commission (CySEC).

Industry

Forex Retail BrokerPRIMARY
Financial Other Service
Technology Software Trading Platform

Software

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Contact

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Magic Compass

Cyprus

Founded in

2016 (10 Years)

Founded

Last online: No recent activity

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OVERALL SCORE

Licenses

--/40

Reviews

--/60

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TrustFinance is not a licensed financial advisor and is not affiliated with any financial institutions in your region. We encourage you to do your own research before making any investment decisions.

Regulated

Recommended

IUX

(2,284 reviews)

Mauritius

2015

(10 years)

Security Information :

FSCA

FSC

ASIC

Security Information

Warning

This company is currently Unproved.

Please be cautious of the potential risks!

License

A Grade License

Issued by globally renowned regulators, these licenses ensure the highest trader protection through strict compliance, fund segregation, insurance, and regular audits. Dispute resolution and adherence to AML/CTF standards further enhance security.

B Grade License

Granted by respected regional regulators, these licenses offer robust safety measures such as fund segregation, financial reporting, and compensation schemes. Though slightly less strict than Tier 1, they provide dependable regional protection.

C Grade License

Issued by regulators in emerging markets, these licenses offer basic protections such as minimum capital requirements and AML policies. Oversight is less stringent, so traders should exercise caution and verify safety measures.

D Grade License

From jurisdictions with minimal oversight, these licenses often lack key protections like fund segregation and insurance. While attractive for operational flexibility, they pose higher risks to traders.

TrustFinance is not a licensed financial advisor and is not affiliated with any financial institutions in your region. We encourage you to do your own research before making any investment decisions.