Global Broker governance & inquiry App

Magic Option

United Kingdom
Entry Time 2021-04-01
2021-04-01Input
https://magicoption.io/
https://magicoption.io/
Exposure

Time Machine

More
More
2021 years 7 Month
2021-7
Time2021 years 7 Month
Expose

Exposure

Pyramid scheme complaint
Expose

No data

Magic Option · Company Summary

General Information & Regulation

Magic Option claims to be located in UK, with its corporation information not disclosed to all. Magic Option does not fall under any regulatory agency, please be aware of the risk.

Markets Instruments

Tradable financial instruments available on the Magic Option platform include forex currency pairs, indices, stocks, as well as commodities.

Minimum Deposit

Magic Option requires traders to deposit at least $1000 to register a real trading account, which sounds unreasonable for an unregulated broker. Keep in mind that most legit broker only requires a minimum initial deposit as low as $100 or even less.

Trade Size

The minimum trade size allowed by Magic Option is 0.01 lot.

Leverage

Magic Option offers the leverage up to 1:1000, absurdly high. Since leverage can amplify returns and potential risks, trading with an unregulated broker offering high leverage is not a good option.

Spreads & Commissions

Magic Option advertises that it offers low spreads for its traders, but it does not specify detailed spreads on particular instruments.

Trading Platform Available

Magic Option has one of the poorest trading platforms ever. We cant even call it a trading terminal, for the charts are taken from a third party chart provider that follows market trends, meaning that Magic Option has not actual trading terms.

Deposit & Withdrawal

Magic Option supports its traders to fund their accounts through Visa and MasterCard, e-wallets such as Skrill, Neteller , as well cryptocurrencies such as Bitcoin and Ethereum.

News

No data

Select Country/District
United States
※ The content of this website abides with local laws and regulations.
You are visiting the WikiFX website. WikiFX Internet and its mobile products are an enterprise information searching tool for global users. When using WikiFX products, users should consciously abide by the relevant laws and regulations of the country and region where they are located.
consumer hotline:006531290538
Official Email:support@wikifx.com;
Mobile Phone Number:234 706 777 7762;61 449895363
Telegram:+60 103342306
Whatsapp:+852-6613 1970;
License or other information error corrections, please send the information to:qawikifx@gmail.com
Cooperation:fxeyevip@gmail.com