Since MAGNUM FXs official website cannot be opened for now, we could only piece together the rough picture of this forex broker by gathering relevant information from other websites.
General Information
Established in 2018, MAGNUM FX is an online forex broker registered in Cyprus, offering its clients access to various financial instruments through the advanced MT4 trading instruments.
Concerning regulation, MAGNUM FX is owned and operated by MAGNUM FX (Cyprus) LTD, a company authorized and regulated by CYSEC, with regulatory license number: 359/18.
WikiFX Field Survey
WikiFX field survey team visited MAGNUM FXs registered company address at KPMG Center, 1 Agias Fylaxeos Street, 2nd Floor Office 1, 3025 Limassol, Cyprus to check out if its actual office address is consistent with its registered company address.
After investigation, it is confirmed that this brokers office indeed is located at the regulatory address.
Please note the content is for informational purpose only and shall not be taken as final order for making choice.
Market Instruments
MAGNUM FX hypes that it offers more than 200 trading instruments, which include forex, commodities, indices, stocks, and more. Therefore, investors have the great flexibility to diversify their investment portfolios.
Leverage
Leverage information cannot be found anywhere. As a beginner, it's wise to keep your leverage at no more than 10:1.
One of the most typical mistakes made by novice forex traders is using a leverage ratio that is too high. Our advice is that you trade with a smaller ratio until you get more experience.
Trading Platform
MAGNUM FX offers its clients access to the industry-leading MT4 trading platform, which both has a web-based and a downloadable version. The platform is light and intuitive, with users-friendly interface, excellent charting package and the option to run automated trading sessions.
Payment Methods
The minimum deposit required by MAGNUM FX is not disclosed. And with most brokers you can start trading with about 250 USD or so, while payment methods usually include major credit and debit cards, MasterCard, Bank Wire and e-wallets like Neteller, Skrill and PayPal.
Customer Support
For any questions or concerns they may have about their accounts or their trading can reach out to MAGNUM FX through the following methods:
Telephone: + 357 25 053547
Email:info@magnumfx.eu
Registered Company Address: KPMG Center, 1 Agias Fylaxeos Street, 2nd Floor Office 1, 3025 Limassol, Cyprus.
Risk Warning
There is a level of danger that comes with trading on the financial markets. As sophisticated instruments, foreign exchange, futures, CFDs, and other financial contracts are typically traded using margin, which significantly increases the inherent risks involved. Therefore, you should consider carefully whether or not this sort of investment activity is right for you.
The information presented in this article is intended solely for reference purposes.
