Magic Compass Journal
| Journal status: live Magic Compass joined in | not yet |
Magic Compass Profile
Website
Year
2015
Country
Cyprus
Branches
1
Regulation
CySEC Cyprus
Registration
CySEC Cyprus
Investor protection
Fund protection
Cyprus Investor Compensation Fund (ICF)
Publicly traded
no
Restricted in
Not serving
...
Broker type
MM, STP
Dealing book
A+B Hybrid book, A-book
Execution model
DD + NDD
Tier
3
Execution speed
...
LPs total
1
LPs quality
Other
LPs names
Equiti Global Markets
Magic Compass Accounts
MM
RAW
Minimum Deposit
100 $
5000 $
Leverage
20 : 1
20 : 1
Minimum Lot
0.01 lots
0.01 lots
EURUSD spread
1.2 pips
0.1 pips
Commission
0 $/lotRT
0 $/lotRT
Volume
...
...
Margin Call
80 %
80 %
Stop Out
50 %
50 %
Execution
Market
Market
Spread
floating
floating
Scalping
no
yes
Deposit & Fees
Deposit methods
Bank Wire
Base currency
USD, EUR, GBP
Segregated accounts
yes
Interest on margin
...
Inactivity fee
after ... months
| Update broker |
- Full listing profile: Magic Compass broker profile
Is Magic Compass safe?
- Investor protection: Cyprus Investor Compensation Fund (ICF)
- Regulation: CySEC Cyprus
- Registration: CySEC Cyprus
- Publicly traded: no
- Segregated account: yes
- Guaranteed Stop Loss: no
- Negative Balance Protection: yes
Is Magic Compass trusted?
- Information transparency: high
★★★★★ - Customer service: ...
- Magic Compass website: highly detailed, updated
★★★★★ - Magic Compass popularity (by visitor count): low visits
★★
How Magic Compass works
STP/ECN: Means electronic communication network trading type which the company will act as an agent to the client orders and not as principal.
10. Trading Procedures, Instructions and Execution of Orders 10.1. During the course of this Agreement in relation to all individual Financial Instruments trading the Company shall execute Client Orders according to the Best Interests and Order Execution Policy, which is binding on the Client, in an own account basis, i.e. as principal to principal (i.e. the Company is itself the Execution Venue for the execution of the Client Orders) and/or in an STP/ECN model.
n. The Client is unable to pay the Client’s debts when they fall due. If scalping or any other unauthorized and abusive trading activity/strategy is performed on the Company’s Trading Platform...
https://www.magiccompass.com/static/legal/Magic%20Compass%20Ltd_TradingTermsAndConditions%202025.pdf
We offer negative balance protection to ensure that your trading account does not go into negative balance even if you possess losing positions.
https://www.magiccompass.com/more/faq
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