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A

Sample Financial Institution

Broker · United Kingdom

Last checked: 23.09.2026
REGULATIONOfficial record verified

The licence number and scope are matched directly against the regulator’s source.

● Official source
USER FEEDBACKRecurring topics

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● Verified platform record
COMPANY STATEMENTData disclosed by the company

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Magic Compass

Broker · Cyprus

About the company

Legal company nameMagic Compass Ltd
Year founded—
Headquarters / registered countryLimassol, Cyprus
Websitewww.magiccompass.com
Last checked09.10.2026

According to its official website, Magic Compass is a CySEC-supervised investment firm founded by a team of professionals with a passion for financial markets. Services are provided by Magic Compass Ltd (company registration number HE341562), which the site says is authorised by CySEC under licence 299/16; its address is in Limassol, and the site says it holds cross-border notifications for EU member states and is a member of the Investor Compensation Fund. The firm offers retail, corporate and professional investors more than 90 CFD instruments on forex, metals, energy and spot indices via MetaTrader 4 (desktop, iOS, Android); minimum deposits for the Silver, Raw Spread and Gold accounts are 100, 5,000 and 2,500 (USD/EUR/GBP) respectively, with leverage options of 1:5, 1:10 and 1:20. The site says spreads start from 0.1 pips, client funds are held in segregated accounts and retail clients have negative balance protection. Its MC Wealth asset management service offers accounts managed by an algorithmic trading system. Citizens or residents of countries such as Turkey, the US and Canada are not served. This information is the company's own statement.

Account Details

ACCOUNT TYPESSilver · Raw Spread · Gold · MC Wealth (asset management)
MIN. DEPOSIT100 USD/EUR/GBP (Silver account)
PLATFORMSMetaTrader 4 (desktop, iOS, Android)
PRODUCTSForex · Metals · Energy · Spot indices (CFDs)
LEVERAGEUp to 1:20

Licences and regulation

CySEC (Republic of Cyprus)

Licence no.299/16
Licence holderMagic Compass Ltd
ScopeListed in the CySEC register as a Cyprus Investment Firm under Magic Compass Ltd, licence 299/16; licence date 12 Apr 2016; it holds permissions for reception and transmission of orders, execution of orders, dealing on own account and portfolio management.
StatusVerified

Sources and verification history

Official company sourcesmagiccompass.com — homepage, About, Why Magic Compass, Account Overview, FAQ, Regulation, MC Wealth pages and footer
Regulator recordsCySEC — Magic Compass Ltd, licence 299/16 (cysec.gov.cy)
Company registerCyprus Registrar of Companies — Magic Compass Ltd, HE 341562
User feedback sourcesTrustpilot · Şikayetvar · WikiFX
Last verified09.10.2026

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