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No valid regulatory information, please be aware of the risk!
Single Core
1G
40G
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Contact number
+44 7893915366
Other ways of contact
Broker Information
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Magna Financial Group LTD
MAGNAFG
United Kingdom
Pyramid scheme complaint
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- It has been verified that this broker currently has no valid regulation. Please be aware of the risk!
- The current information shows that this broker does not have a trading software. Please be aware!
WikiFX Verification
| Benchmark | -- |
|---|---|
| Maximum Leverage | -- |
| Minimum Deposit | $100,000 - $499,999 |
| Minimum Spread | -- |
| Products | -- |
| Currency | -- |
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| Minimum Position | -- |
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| Depositing Method | -- |
| Withdrawal Method | -- |
| Commission | -- |
| Benchmark | -- |
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| Maximum Leverage | -- |
| Minimum Deposit | $25,000 - $99,999 |
| Minimum Spread | -- |
| Products | -- |
| Currency | -- |
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| Minimum Position | -- |
| Supported EA | |
| Depositing Method | -- |
| Withdrawal Method | -- |
| Commission | -- |
| Benchmark | -- |
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| Maximum Leverage | -- |
| Minimum Deposit | $10,000 - $24,999 |
| Minimum Spread | -- |
| Products | -- |
| Currency | -- |
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| Minimum Position | -- |
| Supported EA | |
| Depositing Method | -- |
| Withdrawal Method | -- |
| Commission | -- |
| Benchmark | -- |
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| Maximum Leverage | -- |
| Minimum Deposit | $2500 - $9,999 |
| Minimum Spread | -- |
| Products | -- |
| Currency | -- |
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| Minimum Position | -- |
| Supported EA | |
| Depositing Method | -- |
| Withdrawal Method | -- |
| Commission | -- |
| Benchmark | -- |
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| Maximum Leverage | -- |
| Minimum Deposit | $500 - $2,499 |
| Minimum Spread | -- |
| Products | -- |
| Currency | -- |
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| Minimum Position | -- |
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| Depositing Method | -- |
| Withdrawal Method | -- |
| Commission | -- |
- Fundamental Item(A)
- Total Supplementary Items(B)
- Debt Amount(C)
- Non-Fixed Capital(A)+(B)-(C)=(D)
- Relative amount of risk(E)
- Market Risk
- Transaction Risk
- Underlying Risk
Capital
$(USD)
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MAGNAFG · Company Summary
Note:MAGNAFG's official website:https://magnafg.com is currently inaccessible normally.
| Aspect | Information |
| Company Name | MAGNAFG |
| Registered Country/Area | United Kingdom |
| Founded Year | 2023 |
| Regulation | Unregulated |
| Minimum Deposit | $100,000 - $499,999 |
| Customer Support | Phone:+44 7893915366Address:5, 8050 Zürich, Switzerland UK Address: 52 Lime St, London EC3M 7AF |
MAGNAFG Information
Operating from the UK, Magnaforge is an unregulated platform with minimum deposits ranging from $100,000 to $499, 999. For customer service, users may phone +44 7893915. The firm has offices in London, UK and Zurich, Switzerland.
Is MAGNAFG Legit or a Scam？
Magnafg runs free from any kind of control, hence clients should be aware of the hazards. We think it would be wiser to select a transparent, well regulated broker.
Downsides of MAGNAFG
- Unregulated:MAGNAFG is unregulated, hence it puts clients' funds under danger.
- High deposit: Many possible clients cannot afford a high minimum deposit.(Minimal is $100,000)
- Lack of openness: The company is not well-known in particular.It could have unfair agreement and hidden costs.
Conclusion
Trading MAGNAGs entails a lot of risk. The large minimum deposit of the company tests many traders' capacity.
Searching for another broker can enable you to have greater dependability and safety in trading.
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