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No Regulation
Score
1.77 /10
Danger
Trade Magic
1-2 yearsSuspicious Regulatory License
White label MT5
Regional Brokers
High potential risk
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Comparison
Expose
Exposure
Time Machine
Website
Score
Regulatory Index0.00
Business Index4.90
Risk Management Index0.00
Software Index7.56
License Index0.00
Time Machine
Website
Licenses
No valid regulatory information, please be aware of the risk
VPS Standard
No restriction on the broker account. Support service provided by WikiFX
Single Core
1G
40G
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Warning: Low score, please stay away!
Previous Detection :
2024-11-16
- It has been verified that this broker currently has no valid regulation. Please be aware of the risk!
WikiFX Verification
| Trade MagicReview Summary | |
| Founded | 2023 |
| Registered Country/Region | Anguilla |
| Regulation | Unregulated |
| Market Instruments | Stocks, Metals, Indices, Commodities, Cryptocurrencies |
| Demo Account | Not Mentioned |
| Leverage | Up to 1:500 |
| Spread | Not Mentioned |
| Trading Platform | MT5 |
| Min Deposit | Not Mentioned |
| Customer Support | Phone: +919945490007 |
| Email: info@trademagicbullion.com | |
| Company Address: Shop no-1, Ruksana Manzil Compound, Jamiya Abad Road, Haneefabad Corss, Tengingundi, Bhatkal, Karnataka- 581320 India | |
Trade Magic is an unregulated online trading broker located in India. Its market offerings cover Stocks, Metals, Indices, Commodities, and Cryptocurrencies. Trade Magic claims to offer a leverage up to 1:200 and the popular MT5 as trading platform.
In terms of regional restriction, Trade Magic LLC does not provide services for citizens/residents of the United States, Cuba, Iraq, Myanmar, North Korea, or Sudan.
Pros & Cons
| Pros | Cons |
| Multiple tradable products | Unregulated |
| Strict regional restrictions | |
| Non-transparent trading conditions |
Is Trade Magic Legit?
Currently, Trade Magic is operating without regulation, which is a major red flag indicating that trading on this platform is highly risky.
What Can I Trade on Trade Magic?
| Trading Asset | Available |
| forex | ✔ |
| metals | ✔ |
| commodities | ✔ |
| indices | ✔ |
| energies | ❌ |
| stocks /shares | ❌ |
| cryptocurrencies | ✔ |
| options | ❌ |
| funds | ❌ |
| ETFs | ❌ |
Leverage
Trade Magic assets offer a trading leverage up to 1:500. As always, we suggest you to use leverage prudently to align with your risk management strategies and tolerance since leverage amplifies not only profits, but also losses.
Fees
Trade Magic claims to charge low commissions for depositing or withdrawing profit via cryptocurrencies.
Trading Platform
| Trading Platform | Supported | Available Devices | Suitable for |
| MT5 | ✔ | Desktop, Mobile, Web | Experienced traders |
| MT4 | ❌ | Desktop, Mobile, Web | Beginners |
| Trading View | ❌ | Desktop, Mobile, Tablets, Web | Beginners |
Customer Service
| Contact Options | Details |
| Phone | +919945490007 |
| info@trademagicbullion.com | |
| Supported Language | English |
| Website Language | English |
| Physical Address | Shop no-1, Ruksana Manzil Compound, Jamiya Abad Road, Haneefabad Corss, Tengingundi, Bhatkal , Karnataka- 581320 India |
The Bottom Line
Since Trade Magic is an unregulated platform, Trade Magic is not to be trusted. Please don't put your money in the hands of an unregulated platform.
FAQs
Is Trade Magic legit?
No. Trade Magic has been confirmed to be an unregulated broker.
Is Trade Magic safe?
No. Unregulated platforms are not meant to be safe.
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