Company Information

Get to know Magnet Trader

Magnet Trader operates as an online trading brand providing retail clients with access to global financial markets through the MetaTrader 4 (MT4) and MetaTrader 5 (MT5) platforms. The firm offers leveraged trading on a wide range of instruments. The brand is operated by Clearpoint Services Ltd, an International Business Company registered in St. Vincent and the Grenadines, a common jurisdiction for offshore brokerages. The company focuses on providing a technological framework for traders to engage in speculation on market price movements.

Industry

Forex Retail BrokerPRIMARY
Financial Other Service

Software

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Magnet Trader

Indonesia

Founded in

2022 (4 Years)

Founded

Last online: No recent activity

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OVERALL SCORE

Licenses

--/40

Reviews

--/60

0 reviews

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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

(73 reviews)

Cyprus

2009

(17 years)

Security Information :

CySEC

FSCA

DFSA

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.