Review summary
Magic Compass (Proprietary) Limited, operating under the brand MCFX TRADER, has been active in the forex market for 5-10 years and is registered in Seychelles. According to WikiFX data, the broker holds no valid authoritative forex trading licenses, indicating it operates without mainstream regulatory oversight. This lack of a credible regulatory framework poses inherent risks for traders, as there is no external mechanism to ensure compliance with industry standards. The broker's overall WikiFX score stands at a low 1.55, reflecting significant concerns across regulatory and risk control indices. Specific trading conditions such as minimum deposit, leverage, and platform availability are not publicly disclosed at this time. In summary, MCFX TRADER presents a highly unregulated profile, and traders should exercise careful due diligence given the absence of formal financial supervision. 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: 2026-07-17)
