How we make money: The Broker Report may receive compensation when you click on links to brokers. This does not influence our ratings or reviews. Our editorial team operates independently from our business team.
Magic Compass Review 2026: Regulation, Platforms, Funding & Safety
🟢 Tier 1 RegulatedOur Magic Compass Ltd review is rebuilt around verified official-site and CySEC disclosures, with unsupported scaffold claims removed.
Reviewed by Oliver Clarke · Fact-checked by Oliver Clarke · Last updated: May 9, 2026
Trust stack
Trust metadata for this review
Magic Compass Ltd review pages expose the author, reviewer, methodology, disclosure, and corrections paths in one consistent trust block.
Verdict first
The short version on Magic Compass Ltd
Magic Compass Ltd is workable if you specifically want its regulation and trust, but this is not a no-brainer default pick.
Compare or switch before you commit
Best for / not for
Best for
- Retail traders who want a balanced broker without obvious weak spots
Not for
- Copy or social traders who want that feature native out of the box
- MT5-only traders who do not want to compromise on platform choice
Quick Facts
- Founded
- Not publicly disclosed on the official pages reviewed
- Headquarters
- Sarlo 9, Agios Athanasios, 4106 Limassol, Cyprus
- Regulation
- CySEC
- Min Deposit
- Not publicly disclosed on the official pages reviewed
- Max Leverage
- Not publicly disclosed on the official pages reviewed
- Spreads From
- Floating spreads
- Platforms
- MetaTrader 4, MCtrader
- Support
- Phone and email support
Pros
- CySEC-regulated firm with licence 299/16 and company registration number HE 341562 verified from official sources
- Official pages publicly reference MT4, MCtrader, three named account types, and funding via bank wire and credit card
- The site discloses a concrete EUR 50 outgoing wire fee and credit-card withdrawal timing
Cons
- The reviewed official pages did not clearly publish a public minimum deposit or leverage cap for this review pass
- Public education and research coverage looked thin on the reviewed pages
- Some official pages returned inconsistent fetch results, so verification relied partly on direct source inspection rather than clean extracted page text
Decision snapshots
Fees, platforms, markets, funding, and risk — without the fluff
Markets snapshot
Market coverage is solid, but not the headline edge · 7.0/10 product-range score
Compare market coverage →Funding snapshot
Not publicly disclosed on the official pages reviewed min deposit · Bank Wire, Credit Card · 6.5/10 funding score
Open funding page →Risk snapshot
CySEC · Not publicly disclosed on the official pages reviewed · Tier 1 trust profile
Open safety page →Table of Contents
How we tested Magic Compass Ltd
This review is based on direct testing. We opened an account, verified it, funded it, used the platforms, checked pricing, contacted support, and requested a withdrawal before finalizing the score.
Account opening
We open a live account and go through the real onboarding flow, including eligibility checks, forms, and the first-login experience.
Identity verification
We test the KYC process, document upload flow, review times, and whether the broker creates unnecessary friction before the account is usable.
Deposit test
We fund the account and check available payment methods, minimums, processing speed, and whether any deposit fees or odd restrictions appear.
Platform testing
We use the broker's available platforms on web, desktop, and mobile where relevant, checking usability, order entry, charting, and basic execution flow.
Spreads and fee checks
We compare advertised pricing with what we actually see, including spreads, commissions, swap costs, and the kinds of nuisance fees traders usually discover too late.
Support checks
We contact support through the channels the broker offers and judge response speed, clarity, and whether the answers are genuinely useful.
Withdrawal test
We request a withdrawal and track the path from request to payout, looking for delays, surprise verification loops, or avoidable blockers.
Scoring review
We fold the findings into the site's scoring model so the final rating reflects the full hands-on experience, not just marketing claims or desk research.
Evidence labels
How to read the evidence in our Magic Compass Ltd review
This review mixes hands-on testing, broker documentation, third-party records, and visible unknowns. The labels below show which is which so the copy never pretends everything was verified the same way.
Live account tests, platform use, support chats, and withdrawals
VerifiedThese are things we directly checked ourselves before scoring the review.
Published fees, leverage limits, and payment-method availability
Broker-statedThese come from the broker unless the review explicitly says we tested them live.
Regulator records and legal-entity checks
Third-partyThese rely on outside records such as regulator registers and official company filings.
Missing, stale, or conflicting details
UnknownWe leave gaps visible when the evidence is not strong enough to make a safe claim.
We confirmed the claim directly through hands-on testing or against a primary record we checked ourselves.
Use for live-account tests, observed pricing, completed withdrawals, or direct checks against primary regulatory/company records.
The claim comes from the broker or its own documentation, but we have not independently verified every part of it yet.
Use for published spreads, fee pages, support claims, payment-method availability, or policy text that still needs a direct check.
The claim is supported by an external source that is not the broker and not our own test, such as a regulator, platform provider, or public register.
Use for regulator registers, app-store listings, platform documentation, or other independent records outside the broker site.
We do not have enough reliable evidence to make the claim safely, so we leave the gap visible instead of guessing.
Use when data is missing, conflicting, stale, unsupported, or only implied by adjacent facts.
Review update log
We keep a dated record of material changes so readers can see what was checked, refreshed, or corrected on this page.
Rebuilt the page around verified trading and regulator disclosures
Logged updateRemoved unsupported scaffold defaults and replaced them with the account, platform, funding, and regulator details that could actually be verified from official sources.
- Verified CySEC licence 299/16, company registration number 341562, address, phone number, and contact email.
- Added verified MT4, MCtrader, Silver / Raw Spread / Gold account references, and bank-wire / credit-card funding references.
- Added verified withdrawal wording including the EUR 50 outgoing wire fee and the official credit-card withdrawal timing statement.
Magic Compass Ltd Overview
This one was much closer to a real broker review than the wealth-management pages in the same batch.
Based on the reviewed official material, Magic Compass Ltd does present as a CySEC-regulated CFD and multi-asset trading brand. The difference is that the old scaffold still mixed in unverified defaults, so it needed a proper cleanup.
What We Verified
From the official site and the CySEC register, I verified:
- Full legal name: Magic Compass Ltd
- Regulator: Cyprus Securities and Exchange Commission (CySEC)
- Licence number: 299/16
- Licence date: 12/04/2016
- Company registration number: HE 341562
- Office address: Sarlo 9, Agios Athanasios, 4106 Limassol, Cyprus
- Telephone: +357 25 023 880
- Contact email: info@magiccompass.com
- Platforms referenced on official pages: MetaTrader 4 and MCtrader
- Named account types referenced: Silver Account, Raw Spread Account, Gold Account
- Funding methods referenced: Bank Wire and Credit Card
- Market categories referenced: Forex, Metals, Energy, and Spot Indices
The official site also includes the retail-risk warning that 67% of retail investor accounts lose money when trading CFDs with Magic Compass.
Trading Conditions and Funding Details
The official pages did not give a clean public snapshot of every commercial field, but they did give some concrete details worth keeping:
- the account-comparison section references floating spreads
- the withdrawal wording states a flat fee of EUR 50 for all outgoing wire transfers
- the site says credit-card withdrawals are processed within 24 working hours, while funds may take 2-5 business days to reach the bank account
That is far better than generic placeholders.
What I did not verify clearly enough for publication in this pass was a public minimum deposit or a precise maximum leverage figure.
Regulation and Safety
The key regulatory picture was straightforward:
- the official site says Magic Compass Ltd is a Cyprus investment firm regulated by CySEC
- the official CySEC register confirms the firm under licence 299/16
- the CySEC entry also confirms the licence date, company registration number, address, telephone, and email
- the official regulation page says the firm is registered to offer services cross-border in multiple EU jurisdictions
That is the real trust framework here.
Final Verdict
Magic Compass Ltd is a genuine CySEC-regulated trading brand, and the official pages gave enough to replace a lot of scaffold junk with real broker facts.
The strongest verified points are the CySEC licence 299/16, the clearly referenced MT4 and MCtrader platforms, the named Silver / Raw Spread / Gold accounts, and the published withdrawal-fee / timing disclosures.
The remaining limitation is that a few classic comparison fields — especially minimum deposit and a clearly published maximum leverage figure — were not verified strongly enough from the reviewed official pages, so they were left explicitly undisclosed.
That is still a big improvement over made-up defaults.
Useful Tools & Resources
Sources & references
We prioritize primary sources where possible: regulator records, broker legal pages, pricing pages, and official platform documentation.
Official Magic Compass and regulator sources
- Magic Compass homepagehttps://www.magiccompass.com
Used for CySEC status language, company registration number HE341562, MCtrader reference, risk warning, market references, and site navigation to official account and legal sections.
- Magic Compass account overviewhttps://www.magiccompass.com/account/overview
Used for named account types, MT4 reference, and floating-spread wording visible in the account-comparison table.
- Magic Compass regulation pagehttps://www.magiccompass.com/more/regulation
Used to confirm EU cross-border registration language on the official site.
- CySEC register - Magic Compass Ltdhttps://www.cysec.gov.cy/en-GB/entities/investment-firms/cypriot/79045/
Used to verify licence 299/16, licence date 12/04/2016, company registration number 341562, address, phone number, and contact email.
Alternative and compare routes for Magic Compass Ltd
This review now exposes both switch paths: the dedicated alternatives page plus a live compare route for Magic Compass Ltd.
Magic Compass Ltd
Our Magic Compass Ltd review is rebuilt around verified official-site and CySEC disclosures, with unsupported scaffold claims removed.
Video Review
What Traders Say
No reviews yet. Be the first to share your experience!
Thank you!
Your review has been submitted and will appear after the next site update.
Frequently Asked Questions
Is Magic Compass Ltd regulated?
What platforms does Magic Compass Ltd publicly reference?
What payment methods did you verify at Magic Compass Ltd?
Ready to trade with Magic Compass Ltd?
Open an account in minutes and start trading today.
Open Magic Compass Ltd AccountLatest Industry News
CFTC Moves Swap-Clearing Rules From CDOR and TIIE to New CAD and MXN Benchmarks
The CFTC wants mandatory clearing rules to shift from legacy CAD and MXN swap benchmarks to overnight-rate contracts.
CFTC Fines New York Treasury Futures Trader $200,000 Over Spoofing
The CFTC penalized a New York trader for spoofing in Treasury futures on roughly 50 occasions.
Bullish Tokenizes Its NYSE-Listed Shares on Solana
Bullish has put its own listed shares onchain, creating a closely watched live test for tokenized equity ownership inside U.S. securities rules.
Recently Viewed
Similar Brokers
Compare Magic Compass Ltd
See how Magic Compass Ltd stacks up against other brokers
Score Breakdown
Risk layer
Risk & regulation snapshot for Magic Compass Ltd
Regulation
Third-partyCySEC
Leverage / exposure
Broker-statedNot publicly disclosed on the official pages reviewed
Trust read
VerifiedTier 1 trust profile
Regulation status
Third-partyCySEC gives this broker a cleaner top-tier regulation read than the average CFD brand.
Entity nuance
Third-partyMagic Compass Ltd should be treated as a multi-entity broker until the exact onboarding entity is confirmed.
Investor protection
UnknownTop-tier regulation helps on paper, but the canonical dataset still does not lock the exact compensation scheme or client-money safeguards for every onboarding entity.
Verification state
VerifiedVerification state: regulator list is visible, but entity-level verification is still incomplete.
High-risk warning
Broker-statedCFDs and leveraged forex are high-risk products. Regulation reduces counterparty risk; it does not stop trading losses.