Magic Compass Review 2026

Magic Compass is a Cyprus Investment Firm offering leveraged CFD trading to eligible clients through Magic Compass Ltd

CySEC lists Magic Compass Ltd under CIF licence 299/16, granted 12 April 2016, company registration 341562, and explicitly lists www.magiccompass.com as an approved domain.

The main strengths are an independently verified CySEC licence tied to the exact official domain, clearly published retail/professional-client distinctions, simple account tiers and market execution on MT4.

For active comparison purposes, the most important concrete advantages are the broker publishes floating-spread Silver, Raw Spread and Gold accounts; the current FAQ markets spreads from 0.1 pips, while actual pricing depends on account and instrument and MetaTrader 4 is available across the current accounts on desktop/mobile, with Expert Advisors supported on Raw Spread and Gold but not on Silver.

The main drawbacks are the platform and market range are relatively narrow, account leverage is deliberately conservative at 1:5, 1:10 or 1:20, and the Raw Spread/Gold minimum deposits are high relative to many competitors.

A prospective client should also account for jurisdiction differences: Magic Compass is a CySEC-regulated EU investment firm, but it restricts multiple countries. Retail protections can be lost or reduced if a client successfully elects professional status, so users should not assume professional classification is automatically beneficial.

No current universal retail deposit bonus was verified from Magic Compass's official pages in this audit. Its decision-relevant value is transparent account minimums, CySEC/ICF protection and published spread/execution conditions rather than a temporary bonus.

Key 2026 highlights include CySEC CIF 299/16, approved magiccompass.com domain, Silver minimum $100, Gold $2,500, Raw Spread $5,000, MT4, market execution and retail leverage choices of 1:5 to 1:20. These are more useful than marketing slogans because they directly affect pricing, market access, platform capability or client protection.

Magic Compass Ltd is a Cyprus company, registration HE341562, licensed by CySEC under 299/16 since 12 April 2016.

Yes, Magic Compass is an established legitimate financial-services provider. both the legal entity and the exact website can be matched directly to the CySEC register. The broker’s client-classification page also clearly describes protections that retail clients surrender if reclassified as professional.

That does not make every account equally protected; Magic Compass is a CySEC-regulated EU investment firm, but it restricts multiple countries. Retail protections can be lost or reduced if a client successfully elects professional status, so users should not assume professional classification is automatically beneficial.

Magic Compass Ltd is a Cyprus Investment Firm supervised by CySEC under CIF licence 299/16, company HE341562. The firm publishes an EU passport-registration list, but passporting does not override destination-country product restrictions; Belgium's OTC CFD/rolling-spot distribution rules still apply.

No current fully source-mapped award table was verified in this batch.

Magic Compass is authorised to execute orders and deal on own account. It also says it works with banks, prime brokers and other market makers as liquidity providers. This means the honest description is an OTC investment firm with external liquidity relationships—not a claim that every retail order is automatically passed straight through.

Magic Compass publishes info@magiccompass.com and +357 25 023880. Department contacts include dealingdept@magiccompass.com, backoffice@magiccompass.com, sales@magiccompass.com and portfoliodept@magiccompass.com.

The published headquarters/registered office is Sarlo 9, Ayios Athanasios, 4106 Limassol, Cyprus.

Support/contact is available through the published Limassol phone and departmental email routes. Trade/execution questions should go to the dealing desk; account/KYC queries to back office, so cases reach the appropriate team.

Magic Compass advertises an educational programme plus market/economic-calendar resources and platform guidance. These are broker-produced resources and should be paired with independent risk education.

Magic Compass can deal on own account and maintains external liquidity-provider relationships. Therefore it is inappropriate to promise one-for-one trade hedging. Client hedging/locked positions are supported under the account rules, while the firm's own risk hedging is governed by its execution/conflicts framework.

Magic Compass currently excludes residents/citizens of Canada, Cuba, Iran, Iraq, Japan, Myanmar, North Korea, Sudan, Syria, Turkey and the United States. EU passporting is not enough to make Belgian retail OTC CFD/rolling-spot distribution permissible, so no Belgian Open Account CTA should be shown for those products.

Magic Compass is best suited to EU-eligible retail traders who prioritise direct CySEC verification and conservative leverage over a very broad platform or instrument range

Magic Compass is a weaker fit for clients seeking very high leverage, a low-entry raw-spread account, cTrader/TradingView, or services in a restricted jurisdiction

Any rebate, loyalty or volume program should be assessed separately from standard spreads, commissions and financing costs.

All use market execution/no requotes and cover CFDs on forex, metals, energy and spot indices.

To open a live account, start at the verified official Magic Compass domain, select the correct country/entity, submit identity and residency information, complete KYC/appropriateness checks and fund only through a payment method in your own name. The broker must complete identity, residency and suitability/appropriateness checks before regulated products are enabled.

A demo account is available for platform practice; simulated execution and balances are not evidence of future live performance.

Magic Compass is not a proprietary-trading challenge, so there are no 'trading objectives' whose breach automatically terminates a funded challenge. Normal account restrictions instead come from margin rules, product permissions, suitability checks and the client agreement.

Magic Compass says retail clients are covered by the Cyprus Investor Compensation Fund when eligible, with maximum compensation of €20,000 under scheme rules. It also publishes segregated client accounts and negative-balance protection for retail clients.

KYC/AML checks apply. Payment ownership and withdrawal verification can require additional evidence, and the account holder should use payment methods in the same legal name.

Funding methods and processing limits depend on jurisdiction and the verified payment methods shown inside the client portal.

Funding methods and processing limits depend on jurisdiction and the verified payment methods shown inside the client portal.

Current stated initial minimum deposits are $100 for Silver, $2,500 for Gold and $5,000 for Raw Spread.

Funding methods and processing limits depend on jurisdiction and the verified payment methods shown inside the client portal.

Submit withdrawals from the authenticated client portal, select an eligible verified method and complete any additional source-of-funds or identity checks requested. Processing time then depends on the broker and payment rail.

Magic Compass is a trading broker rather than a fixed-return payout service. Withdrawals depend on available free margin, KYC/AML completion and payment-provider settlement.

Magic Compass advertises spreads from 0.1 pips and uses floating spreads. Raw Spread has the tightest pricing in the published account set; visitors should verify its commission and overnight financing in the live schedule before comparing it with Gold/Silver.

Current accounts cover CFDs on forex, metals, energy and spot indices.

The core platform is MetaTrader 4 on desktop/mobile, with the firm's companion account functionality. MT4 supports automated trading; the account table says EAs are enabled on Raw Spread and Gold but not on Silver.

Current accounts cover CFDs on forex, metals, energy and spot indices.

Platform/server credentials are assigned by the broker after account creation; clients should use only server names supplied through the authenticated portal.

Supported account base currencies vary by account type and legal entity and are shown during account creation.

Crypto availability is jurisdiction-specific and, where offered by a CFD broker, normally represents derivative price exposure rather than transferable ownership of coins.

The current retail account table offers leverage settings of 1:5, 1:10 and 1:20. These are below the maximum 1:30 commonly permitted for major-FX retail clients under EU rules.

Clients cannot override statutory retail leverage caps. Any selectable leverage is constrained by entity, instrument, equity and client classification.

Magic Compass advertises spreads starting from 0.1 pips, but the account comparison describes them as floating rather than guaranteed.

A retail account should not be assumed to permit discretionary management of third-party funds. Any MAM/PAMM or money-management arrangement requires separate verification and appropriate authorisation.

Expert Advisors are supported on Raw Spread and Gold accounts but the current account table says they are not supported on Silver.

Copy/social-trading availability is platform- and jurisdiction-specific and should be checked separately from the broker’s core execution service.