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
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.
Leverage
Each trading product has a different leverage, with a maximum of 1:400.
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.
Non-Trading Fees
Trading Platform
Magic Compass provides the MT4 and Magic Compass investment APP.
Deposit and Withdrawal
Magic Compass has a minimum deposit requirement of $100 and may charge withdrawal fees depending on the circumstances.
Deposit
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).
