Review summary
MAGIC COMPASS is a broker registered in Hong Kong that has been in operation for 1-2 years. The company's SkyEye total score is a low 1.24 out of 10, a critical metric reflecting its operational profile. A fundamental analysis reveals that MAGIC COMPASS holds no valid authoritative forex trading licenses from any major financial regulator, placing it entirely outside conventional financial oversight frameworks. It offers three account types—Silver, Gold, and Raw Spread—primarily for trading CFDs on forex, metals, energy, and spot indices. Account minimum deposits are tiered from $100 to $5,000, with leverage capped at a maximum of 1:20. While the broker permits scalping, EA usage, and position locking, prospective clients should be acutely aware that engaging with an unregulated entity entails significant counterparty risk and no access to formal dispute resolution or investor compensation schemes. Note: Regulatory status, trading conditions, and risk assessments may vary by jurisdiction. The WikiFX score reflects currently available information.Please verify all entity details independently before trading. (Updated: 2026-04-11)
