MAGIC COMPASS Review: Regulation, Licences & Platforms

MAGIC COMPASS is a forex and CFD broker operated by Magic Compass Ltd, based in Cyprus. The company provides access to online trading through its website at magiccompass.com.

Regulation & licensing

MAGIC COMPASS operates under the oversight of the Cyprus Securities and Exchange Commission (CySEC) in Cyprus. The regulated entity, MAGIC COMPASS LTD, holds CySEC licence number 299/16. Prospective clients can cross-check the licence details against the public register maintained by the regulator.

Trading platforms

The broker offers MetaTrader 5 (MT5), a multi-asset platform that supports charting tools, technical indicators, and automated trading functionality.

Account types

MAGIC COMPASS provides several account options, listed as follows:

• Gold
• Raw Spread
• Silver

Each account type is presented by the broker to accommodate different trading preferences.

Readers are encouraged to verify the broker’s licence directly with the Cyprus Securities and Exchange Commission before opening an account.