Global Broker Regulation Inquiry App

WikiFX

Broker Search

English

简体中文繁體中文 English Pусский 日本語 ภาษาไทย Tiếng Việt Bahasa Indonesia Español हिन्दी Filippiiniläinen Français Deutsch Português Türkçe 한국어 العربية

Download

Home

Broker

Market

Rankings

Regulators

VPS

Live

News

Tools

Video

Wiki Q&A

Home -

Broker -

MagnetFX -

Regulated

Score

0 1 2 3 4 5 6 7 8 9

/10

MagnetFX

Item: MagnetFX
Rating: 6.96

Indonesia | 2-5 years |

Regulated in Indonesia | Retail Forex License | White label MT5 | Regional Brokers

https://magnetfx.co.id/

Website

Open Account Time Machine

Rating Index

MT4/5 Identification

MT4/5

White Label

MagnetBerjangka-REAL

Indonesia

MT5

Influence

Influence index NO.1

Indonesia 2.74

MT4/5 Identification

White Label

Server Name

MagnetBerjangka-REAL MT5

Server Location

Indonesia

Influence

Influence index NO.1

Indonesia 2.74

Surpassed 69.60% brokers

Biz Area Search Statistics Advertising Social Media Index

Contact

+62 (021) 250 6336

info@magnetfx.co.id

https://magnetfx.co.id/

Sona Topas Tower Lt. 18 Suite 1804 Jl. Jenderal Sudirman Kav. 26 DKI. Jakarta 12920

Licenses

BAPPEBTI Regulated

Indonesia Retail Forex License

ICDX Regulated

Indonesia Retail Forex License

VPS Standard

No restriction on the broker account

Single Core

40G

1M*ADSL

Basic Information

Registered Region

Indonesia

Operating Period

2-5 years

Company Name

PT. Magnet Berjangka Indonesia

Abbreviation

MagnetFX

Company employee

Customer Service Email Address

info@magnetfx.co.id

Contact Number

+620212506336

Company Website

https://magnetfx.co.id

Company address

Sona Topas Tower Lt. 18 Suite 1804 Jl. Jenderal Sudirman Kav. 26 DKI. Jakarta 12920

Facebook

https://www.facebook.com/magnetfx.idn

A Visit to Magnet in Indonesia -- Office Confirmed Existed

WikiFX Survey
MagnetFX

Good

Indonesia

WikiFX Survey
MagnetFX

Good

Indonesia

Related Software

Biz Area

Website

Company Summary

Comment

Related Software

White Label MT5

MT4 Servers

MT5 Servers

14.00

Average execution speed/ms

Formal full license MT4/5 traders will have sound system services and follow-up technical support. Generally, their business and technology are relatively mature and their risk control capabilities are strong

Meta Trader 5

Perfect

Users who viewed MagnetFX also viewed..

XM

9.10

Score

10-15 yearsRegulated in AustraliaMarket Maker (MM)MT4 Full License

Score

9.10

10-15 yearsRegulated in AustraliaMarket Maker (MM)MT4 Full License

Details

Official website

TMGM

8.55

Score

10-15 yearsRegulated in AustraliaMarket Maker (MM)MT4 Full License

TMGM

Score

8.55

10-15 yearsRegulated in AustraliaMarket Maker (MM)MT4 Full License

Details

Official website

Vantage

8.66

Score

10-15 yearsRegulated in AustraliaMarket Maker (MM)MT4 Full License

Vantage

Score

8.66

10-15 yearsRegulated in AustraliaMarket Maker (MM)MT4 Full License

Details

Official website

FXCM

9.34

Score

Above 20 yearsRegulated in AustraliaMarket Maker (MM)MT4 Full License

FXCM

Score

9.34

Above 20 yearsRegulated in AustraliaMarket Maker (MM)MT4 Full License

Details

Official website

Website

magnetfx.co.id

172.67.218.226

Server Location

United States

ICP registration

Most visited countries/areas

Domain Effective Date

Website

WHOIS.PANDI.OR.ID

Company

Company Summary

MagnetFX Review Summary
Founded	2021
Registered Country/Region	Indonesia
Regulation	BAPPEBTI, ICDX
Market Instruments	Forex, gold, silver, crude oil, US Index
Demo Account	✅
Leverage	/
Spread	/
Trading Platform	MT5
Minimum Deposit	/
Customer Support	Tel: (021) 250 6336

MagnetFX Information

MagnetFX, established in Indonesia, is a regulated broker under BAPPEBTI and ICDX. It offers trading in forex, gold, silver, crude oil, and the US Index via the MT5 platform, providing a risk-free demo account and streamlined online deposit/withdrawal processes with benefits for Bank BCA customers.

Pros and Cons

Pros	Cons
Regulated by BAPPEBTI and ICDX	Limited information on trading conditions
Support MT5
Risk-free demo accounts

Is MagnetFX Legit?

MagnetFX has Retail Forex Licenses regulated by BAPPEBTI and the Indonesia Commodity and Derivatives Exchange (ICDX).

What Can I Trade on MagnetFX?

MagnetFX offers a variety of trading options, including over 20 Forex pairs, Gold & Silver commodities, Crude Oil commodities, and the US Index. They allow access to global markets with fast execution and operate under Indonesian regulations, with easy online account opening.

Tradable Instruments	Supported
Forex	✔
Commodities	✔
US Index	✔
Stocks	❌
Cryptocurrencies	❌
Bonds	❌
Options	❌
ETFs	❌

Account

MagnetFX offers a demo account that is free of charge and uses virtual funds, allowing users to learn and simulate trading without risk. They offer live trading accounts as well, where users can trade with real capital.

Trading Platform

Trading Platform	Supported	Available Devices	Suitable for
MT5	✔	PC, Mobile	Experienced traders
MT4	❌	/	Beginners

Deposit and Withdrawal

MagnetFX's deposit and withdrawal processes are conducted online through their client cabinet, requiring users to log in, select their desired transaction, specify bank and amount in USD, and submit proof for deposits. Bank BCA customers benefit from instant, free top-ups by including their account number in the transfer description.