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MagnaSale

Cyprus|5-10 years|
Market Making(MM)|White label MT4|Global Business|High potential risk|

http://magnasaleltd.com/

Website

Rating Index

MT4/5 Identification

MT4/5 Identification

White Label

85
Server Name
FinaltoEurope-Live1 MT4
Server Location United Kingdom

Contact

+357 22232193
info@magnasaleltd.com
http://magnasaleltd.com/
Strovolou 148, Strovolos, 2048, Nicosia, Cyprus

Licenses

VPS Standard
No restriction on the broker account. Support service provided by WikiFX

Single Core

1G

40G

Open Now

Contact number

English

+357 22232193

Other ways of contact

Broker Information

More

Company Name

Magnasale Trading Limited

Abbreviation

MagnaSale

Platform registered country and region

Cyprus

Company website

Pyramid scheme complaint

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WikiFX Risk Alerts
Previous Detection : 2024-12-14
  • The number of this brokers's negative field survey reviews has reached 1. Please be aware of the risk and the potential scam!

WikiFX Verification

MagnaSale · WikiFX Survey
Danger A Visit to MAGNASALE in Cyprus – No Office Found
Cyprus

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MagnaSale · Company Summary

AspectInformation
Company NameMagnaSale
Registered Country/AreaCyprus
Founded Year5-10 years
RegulationCYSEC
Customer SupportEmail: info@magnasaleltd.com, Phone: 35722232193, Fax2Mail: 35722007393

MagnaSale Information

MagnaSale, based in Cyprus and established between 5-10 years ago, operates under the regulation of CYSEC, ensuring compliance with financial standards and offering a layer of security for its customers.

The company supports its users through both email and phone, facilitating accessible communication channels for customer inquiries and support.

However, the overview provides limited information on the trading conditions and fees, which may leave potential users with unanswered questions about the cost-effectiveness and features of the platform.

MagnaSale Information

Is MagnaSale Legit or a Scam?

MagnaSale is regulated by the Cyprus Securities and Exchange Commission (CYSEC), holding a Market Making (MM) license with the number 264/15. This regulatory oversight ensures that MagnaSales adheres to stringent financial standards and practices, providing a secure trading environment.

Is MagnaSale Legit or a Scam?

Pros and Cons

ProsCons
Regulated platform(CYSEC)Limited information on the webstie
Accessible Customer SupportUncertain fee structure
No mentioned of trading instruments

Pros:

MagnaSale is regulated by CYSEC, enhancing its reliability and security for users. It offers accessible customer support through email and phone, ensuring that assistance is readily available for any inquiries or issues.

Cons:

The platform suffers from limited information available on its website, making it difficult for potential users to assess the full range of services and trading conditions. Additionally, MagnaSale has an uncertain fee structure and does not provide details about the specific trading instruments it offers, which could hinder informed decision-making for traders.

Customer Support

MagnaSale offers customer support options to assist its clients. The company can be contacted via phone at +35722232193 for direct assistance, and customer inquiries can also be addressed through email at info@magnasaleltd.com.

Located at Strovolou 148, Strovolos, 2048, Nicosia, Cyprus, MagnaSale ensures that both potential and existing clients have multiple avenues to receive support, whether they prefer direct calls or written correspondence.

Customer Support

Conclusion

MagnaSale, a CYSEC-regulated financial services company based in Cyprus, offers a secure trading environment backed by stringent regulatory standards. With a focus on providing accessible customer support, MagnaSale addresses client concerns through both email and phone communication.

However, the company's website lacks information on fees and available trading instruments, which could be a barrier for potential users seeking detailed operational transparency.

FAQs

  1. Is MagnaSale regulated?

Yes, MagnaSale is regulated by the Cyprus Securities and Exchange Commission (CYSEC).

  1. How can I contact MagnaSale customer support?

You can contact them by phone at +357 22232193 or email at info@magnasaleltd.com.

Risk Warning

MagnaSale is an unregulated entity, lacking formal oversight from financial regulatory authorities. This lack of regulation may expose clients to increased risks, including potential issues with transparency, operational integrity, and the security of client funds.

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