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).
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