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About WikiFX

    MC

    2-5 years
    Suspicious Regulatory License
    MT4/5 full license
    The server is only located in China.

    Rating

    0 1 2 3 4 5 6 7 8 9
    .
    0 1 2 3 4 5 6 7 8 9
    0 1 2 3 4 5 6 7 8 9

     /10.00

    Benchmark

    D

    Licenses

    The Chinese Gold & Silver Exchange Society

    Type AA License

    CGSEClone Firm

    Cyprus Securities and Exchange Commission

    Market Making(MM)

    CYSECSuspicious Clone

    Financial Conduct Authority

    European Authorized Representative (EEA)

    FCASuspicious Clone

    Financial Service Providers Register

    Financial Service Corporate

    FSPRSuspicious Clone

    Overview

    • Company Name:

      Magic Compass New Zealand Limited
    • Company Abbreviation:

      MC
    • Country/Area of Registry:

      MCHong Kong
    • Regulatory Status:

      Lots of Complaints
    • Customer Service Email Address:

      --
    • Customer Service Phone Number:

      --

    WikiFX APP!

    Global Forex Broker Regulatory Inquiry APP!

    Warning: Low score, please stay away!

    Previous Detection: 2020.07.08 Risk: 7 Item

    • The WikiFX cloud system has verified this broker has way too many complaints, and it is in the WikiFX complaint blacklist; please be aware of the risk!
    • The claimed China Hong Kong CGSE regulatory (license number: 081), verified as a clone firm, please pay attention to the risk, please be aware of the risk and the potential scam!
    • The number of the complaints received by WikiFX have reached 41 for this broker in the past 3 months, please be aware of the risk and the potential scam!
    • The number of this brokers's nagitive field survey reviews has reached 2, please be aware of the risk and the potential scam!
    • The New ZealandFSPR regulatory (license number: 480686) claimed by this broker is a suspicious clone, please be aware of the risk!
    • The United KingdomFCA regulatory (license number: 771683) claimed by this broker is a suspicious clone, please be aware of the risk!
    • The CyprusCYSEC regulatory (license number: 299/16) claimed by this broker is a suspicious clone, please be aware of the risk!

    WikiFX Verification

    • Survey

    • MT4/5

    • Website

    • Genealogy

    • Clones

    • Keywords

    The Chinese Gold & Silver Exchange Society

    The Chinese Gold & Silver Exchange Society (CGSE)

    Founded in 1910, the Chinese Gold and Silver Exchange Society (“CGSE”) is the sole exchange in Hong Kong which trades physical gold and silver, and operates in pursuance of section 3 of Chapter 82 of Laws of Hong Kong, under which its operation as a commodity exchange is legally exempted. Run on a membership-based system, CGSE's mission is to provide an exchange, facilities and related services to its members for transaction of precious metals, such as gold and silver. CGSE trades 99 Tael Gold and Kilobar through an open outcry system; and Loco London Gold / Silver Contract, RMB Kilobar Gold, HK Dollar 999.9 Tael Gold and HK Dollar Loco Silver 1 through “Electronic Trading Platform”.“Transaction Code” is also provided to parties in the transactions.

    • Licensed Institutions :

      香港鑫聖金業集團有限公司

      Effective Time :

      --
    • Email Address of Licensed Institution :

      --

      Expiry Date :

      --
    • Website of Licensed Institution :

      www.xs9999.com.hk

      Phone Number of Licensed Institution :

      (852) 23919633
    • Address of Licensed Institution:

      九龍彌敦道132號美麗華大廈17字樓1703室
    • Licensed Institution Certified Documents :

      MC-CGSE牌照200506 View Certified Documents 081 牌照信息 View Certified Documents
    Cyprus Securities and Exchange Commission

    Cyprus Securities and Exchange Commission (CYSEC)

    The Cyprus Securities and Exchange Commission (CySEC) was established in accordance with section 5 of the Securities and Exchange Commission (Establishment and Responsibilities) Law of 2001 as a public legal entity. It is an independent public supervisory Authority responsible for the supervision of the investment services market, transactions in transferable securities carried out in the Republic of Cyprus and the collective investment and asset management sector. It also supervises the firms offering administrative services which do not fall under the supervision of ICPAC and the Cyprus Bar Association.

    • Licensed Institutions :

      Magic Compass Ltd

      Effective Time :

      2016-04-12
    • Email Address of Licensed Institution :

      info@magiccompass.com

      Expiry Date :

      --
    • Website of Licensed Institution :

      http://www.magiccompass.com/

      Phone Number of Licensed Institution :

      +357 25 023 880
    • Address of Licensed Institution:

      Sarlo 9, Agios Athanasios, 4106, Limassol, Cyprus
    • Licensed Institution Certified Documents :

      鑫圣投资 塞浦路斯牌照20190918.png View Certified Documents
    Financial Conduct Authority

    Financial Conduct Authority (FCA)

    The Financial Conduct Authority (FCA) is a financial regulatory body in the United Kingdom, but operates independently of the UK Government, and is financed by charging fees to members of the financial services industry. On 19 December 2012, the Financial Services Act 2012 received royal assent, and it came into force on 1 April 2013. The Act created a new regulatory framework for financial services and abolished the Financial Services Authority. The FCA regulates financial firms providing services to consumers and maintains the integrity of the financial markets in the United Kingdom. It focuses on the regulation of conduct by both retail and wholesale financial services firms.

    • Licensed Institutions :

      MAGIC COMPASS LTD

      Effective Time :

      2017-02-20
    • Email Address of Licensed Institution :

      info@magiccompass.com

      Expiry Date :

      --
    • Website of Licensed Institution :

      --

      Phone Number of Licensed Institution :

      0035725023880
    • Address of Licensed Institution:

      Sarlo 9 Agios Athanasios 4106 Limassol CYPRUS
    • Licensed Institution Certified Documents :

      MAGIC COMPASS LTD FCA监管信息截图 View Certified Documents MAGIC COMPASS LTD FCA20190812.jpg View Certified Documents
    Financial Service Providers Register

    Financial Service Providers Register (FSPR)

    The Financial Service Providers Register (FSPR) has been established under the Financial Service Providers (Registration and Dispute Resolution) Act 2008. FSPR is a searchable register of people, businesses and organisations that provide financial services in New Zealand. It enables over-the-counter brokerage firms that are unregulated, as well as new start-ups, to gain customer confidence and credibility, without the worry of complying with regulatory barriers imposed in a number of other countries.

    • Licensed Institutions :

      MAGIC COMPASS NEW ZEALAND LIMITED

      Effective Time :

      2016-01-27
    • Email Address of Licensed Institution :

      george@magiccompass.co.nz

      Expiry Date :

      2019-03-07
    • Website of Licensed Institution :

      --

      Phone Number of Licensed Institution :

      --
    • Address of Licensed Institution:

      UniT 2, Level 1, 55 Barrys PoinT Road Takapuna Auckland
    • Licensed Institution Certified Documents :

      MAGIC COMPASS FSP监管信息截图20200417 View Certified Documents Magic Compass FSP牌照 View Certified Documents Magic Compass FSP牌照20190919.png View Certified Documents
    MC · MT4/5

    Identification Result

      MC · Website

      Most visited countries/areas

          No content

          No data

          Load failure

          Load failure

          MC· Genealogy
          MC · Clones
          MC · Keywords
          2-5 years Suspicious Regulatory License MT4/5 full license The server is only located in China. Clone Firm Hong Kong Suspicious Overrun High potential risk

          WikiFX prompts you

          This broker's score is relatively low.

          Please choose wisely! Please avoid unnecessary loss

          MC · Survey×

          Special Note

          ×
          MC

          1.pngWikiFX only provides the legal URL of the platform published by the regulatory website.

          1.pngWikiFX will not disclose your personal information to third parties.

          1.pngIn order to prevent users from being spoofed by phishing websites, fake URLs or domain name hijackings, WikiFX doesn't provide the content though this app.

          1.pngThe use of any service by the client through the official website access channel provided by WikiFX is a personal behavior. Please ensure that you've undergone sufficient preparation and risk management before use.

          Risk Warning

          The Database of WikiFX comes from the official regulatory authorities , such as the FCA, ASIC, etc. The published content is also based on fairness, objectivity and fact. WikiFX doesn't ask for PR fees, advertising fees, ranking fees, data cleaning fees and other illogical fees. WikiFX will do its utmost to maintain the consistency and synchronization of database with authoritative data sources such as regulatory authorities, but does not guarantee the data to be up to date consistently.

          Given the complexity of forex industry, some brokers are issued legal licenses by cheating regulation institutes. If the data published by WikiFX are not in accordance with the fact, please click "Complaints "and "Correction" to inform us. We will check immediately and release the results.

          Foreign exchange, precious metals and over-the-counter (OTC) contracts are leveraged products, which have high risks and may lead to losses of your investment principal. Please invest rationally.

          Special Note, the content of the Wikifx site is for information purposes only and should not be construed as investment advice. The Forex broker is chosen by the client. The client understands and takes into account all risks arising with Forex trading is not relevant with WikiFX, the client should bear full responsibility for their consequences.

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