MAGIC COMPASS SECURITIES

Assessing the safety of Magic Compass Securities involves a multi-factor evaluation. According to WikiFX data, the firm holds a valid regulatory license from the Securities and Futures Commission of Hong Kong (SFC), providing a formal oversight framework. The overall WikiFX score is 6.68 out of 10, which places it in a moderate category. This score reflects a mixed assessment across key metrics like risk control and software. While the SFC regulation is a positive indicator, a score below industry-leading levels suggests traders should exercise due diligence and review the firm's complete profile and service transparency.

Yes, Magic Compass Securities Limited is regulated. The broker operates under the supervision of the Securities and Futures Commission of Hong Kong (SFC). It holds a Derivatives Trading License (AGN) with the regulatory number AXT242. This license allows the firm to conduct derivatives trading activities within the jurisdiction of Hong Kong. The regulatory status is confirmed as 'Regulated' in the available records.

Specific details regarding the minimum deposit required to open a trading account with Magic Compass Securities are not publicly disclosed on its standard profile. This information is typically detailed in the account terms and conditions on a broker's official website. Potential clients are advised to consult the broker directly or review its official documentation for the most accurate and current account funding requirements.

Information regarding the specific trading platforms, such as MetaTrader 4 (MT4) or MetaTrader 5 (MT5), offered by Magic Compass Securities is not currently listed in the public assessment data. Platform availability is a key factor for traders, and it is recommended to verify this directly through the broker's official channels or client resources to confirm which software solutions are supported.