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Magna FX: reviews

Attention! The company is suspected of fraud


  • Site:;
  • Feedback form;
  • Email: [email protected];
  • Phones: +16479481892;
  • Office location: Saint Vincent and the Grenadines).

General information

Magna FX offers cooperation with both professional traders and beginners. The platform has several tariff plans with a minimum deposit from $2,499. Main features of the commercial offer: commissions from 1.5%, leverage up to 1:100, minimum spread from 0.4 pips, technical analysis, platform manager services. Some tariff plans additionally provide analytical ideas, 1 on 1 support, a dealing room, and the services of a senior platform manager.

A check using the specialized whois service showed that was registered on October 30, 2023. This is a new project that has just begun to be actively advertised.
There are no legal documents on the site confirming the company’s work in the legal field.

However, the User Agreement states that Magna FX provides services under the laws of Saint Vincent and the Grenadines. Let us remember that this is an island state in an offshore zone. They do not issue licenses to brokers or control their activities. The local regulator has warned users about this.

Let’s sum it up

Magna FX is not trustworthy as it provides services only recently. User reviews about this project are negative. Do you want to share your personal opinion about this broker? Publish reviews and tell us how you registered on this platform and whether you were able to earn money here.

I do not recommend registering on the Magna FX platform. This is a scammer! They will do everything to steal all your savings. The scammers stole almost $2,000 from me and now they don’t contact me. Phone numbers are blocked!

This is a typical scam! The company operates without legal documents and can only imitate trading. I didn’t know about this, so I continued investing. Now I have no means of livelihood.

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