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Magic Compass Review: Is It Legit and Regulated?

Magic Compass Ltd

CY Operating period unverified

FindMyFX score

medium risk

6.5/10

0 Score out of 10 10

Independent assessment Updated 2026-07-21

Contact & regulation

Official website: magiccompass.com
Address: Sarlo 9, Agios Athanasios, 4106 Limassol, Cyprus
Contact: [email protected]
Primary license: CySEC · Unverified

Missing values mean the information has not been verified or published yet—not that the broker does not provide it.

Quick verdict

Is Magic Compass legit and regulated?

FindMyFX has license records for Magic Compass, but none is currently presented as fully verified. Check each entity, jurisdiction, source, and verification date before depositing.

This is a source-limited research summary, not a safety guarantee or investment recommendation.

Broker-provided profile information is reviewed before publication. Paid profile features never affect FindMyFX scores, license verification, risk flags, reviews, complaints, or editorial decisions.

Broker-provided company information

Magic Compass is a Cyprus investment firm offering retail CFDs on forex, commodities and spot indices through MetaTrader 4.

Professional broker overview

FindMyFX editorial summary

Magic Compass Ltd appears in the CySEC register under licence 299/16. Its official FAQ describes Silver, Gold and Raw Spread accounts, minimum deposits from USD 100, leverage up to 1:20, MetaTrader 4, an unlimited demo and negative balance protection, while current typical spreads and complete commission schedules were not captured.

Prepared from reviewed sources for informational purposes. This is not investment advice.

Editorial note: Account and payment information is based on the broker's official FAQ and should be checked for jurisdiction or client-specific changes.

Operational status: active
Broker type: unknown
Execution model: The exact market-making or agency routing classification was not established from the reviewed official pages.
Support hours: Not verified

Support languages: English

Documented advantages

CySEC provides a direct register entry with the legal entity, licence number, date and contacts.

Documented limitations

Current typical major-pair spreads and complete account-level commission schedules were not found.

100%coverage

Published profile coverage

8 of 8 core information groups currently contain published data. This measures data availability, not broker quality or safety.

Company structure

Legal entities

Registered companies associated with this broker profile.

1 entity

Magic Compass Ltd

Primary

CY HE 341562

Trading access

Account types

Available account structures and their current verification state.

3 accounts

Gold

unverified

Deposit: USD 2500.00
Leverage: 1:20

Commission information not shown.

Spread: Not shown
Base currencies: USD, EUR, GBP
Margin call / stop-out: —% / —%
Demo / Islamic: Yes / Unknown
Balance protection: Available
Last verified: Not verified

Raw Spread

unverified

Deposit: USD 5000.00
Leverage: 1:20

Commission information not shown.

Spread: Not shown
Base currencies: USD, EUR, GBP
Margin call / stop-out: —% / —%
Demo / Islamic: Yes / Unknown
Balance protection: Available
Last verified: Not verified

Silver

unverified

Deposit: USD 100.00
Leverage: 1:20

Commission information not shown.

Spread: Not shown
Base currencies: USD, EUR, GBP
Margin call / stop-out: —% / —%
Demo / Islamic: Yes / Unknown
Balance protection: Available
Last verified: Not verified

Markets and instruments

Commodity CFDs

unverified

Forex CFDs

unverified

Spot index CFDs

unverified