Magic Compass: MT4 account tiers and MC Wealth managed portfolios

Magic Compass markets a Cyprus-based retail CFD service. Its restricted-country list includes Canada, Cuba, Iran, Iraq, Japan, Myanmar, North Korea, Sudan, Syria, Turkey and the United States. A country’s appearance in a cross-border regulatory notification does not guarantee current client acceptance.[1]

The grid lists unlimited open positions but leaves minimum and maximum transaction sizes to each instrument. Hedged positions require no additional margin only while the account’s margin level exceeds 100%. A Gold or Raw Spread deposit threshold is not professional-client classification.[3]

Demo accounts have no stated expiry and can start with up to USD 100,000 of virtual funds. Demo money is not a withdrawable credit or cash incentive.[4]

View full spreads & trading costs

These are derivative exposures. The detailed retail catalogue covers four asset classes; regulatory leverage categories for shares or crypto do not, by themselves, establish that those products are currently offered on this retail route.[1]

The Trading Terms instead specify Friday triple swaps. Confirm the rollover day.[11]

The account grid marks swap-free unavailable. The contract permits discretionary approval, Friday closure of swap-free positions and retrospective swaps for misuse or prolonged holding.[3][11]

The inactivity terms additionally require no open positions. After one inactive year, closure may follow notice; remaining funds stay recoverable after verification.[11]

MT4 is advertised for computers and iOS/Android devices, with charts, indicators and automated trading. The broker’s public descriptions do not establish equivalent automation on mobile or terminal-disconnection persistence.[9]

Closing the order window does not withdraw an instruction already sent. Resubmitting an unconfirmed request risks duplicate transactions. Server prices may differ from a disconnected or delayed terminal; check the actual position and order status before repeating a request.[14]

During an outage, call +357 25 023880 with identification and clear instructions. The dealing desk may accept verbal orders, but can refuse.[11]

Notify compromised access promptly; orders pause until replacement credentials arrive. Recovery timing and any post-reset withdrawal hold are not specified.[11]

Deposits credit one–three business days after bank clearance. Verified withdrawals return to an own-name source, subject to free margin and charges.[11]

The account grid gives an 80% margin-call level and 50% stop-out, including its Friday line.[3]

The Terms permit closure from 80% margin and automatic close-out at 50%; Friday 21:00 server-time thresholds become 100%/90%. Resolve that material Friday-rule conflict before relying on the grid.[11]

The leverage policy provides retail negative-balance protection: a deficit after close-out is removed at the company’s expense. This should not be extended to professional clients merely because the policy also contains a higher professional leverage table.[13]

The risk disclosure describes client money held separately from company funds, while warning about bank/custodian failure and different legal protection outside the EEA. Segregation is not a guarantee against every recovery shortfall.[14]

CySEC specifies coverage at the lower of 90% of aggregate covered claims or EUR 20,000 per client.[16]

Magic Compass’s fund policy excludes professional clients and eligible counterparties. Compensation concerns qualifying failures to return client money or instruments; ordinary trading losses are outside that purpose.[15]

The complaints policy promises acknowledgment and a reference number within 48 hours. A final or holding response is due within four weeks after the client receives acknowledgment; a holding response must explain the delay and indicate the time needed.[18]

Consumer deadlines: complain to the firm within six months of awareness; refer externally within twelve months of that complaint and eighteen months of awareness.[22]

MC Wealth describes an automated quantitative trading system that manages exposures and places trades. This establishes an algorithmic management service; the page does not substantiate a separate AI service. Its risk-control descriptions are company claims, not demonstrated loss guarantees.[19]

Moderate alone explicitly advertises no lock-up and no management fee. The public page does not define performance-fee crystallisation, a high-water mark, or what disconnecting does to existing positions and accrued fees. Obtain those terms in the management agreement.[19]

Portfolio management needs a separate agreement; powers of attorney last until written revocation.[11]

Monthly statements are due within five business days of month-end, except in months without transactions. Clause 14.3 requires written objections within 24 hours of receipt. Export formats and post-closure access are unspecified.[11]

CySEC records the authorisation grant on 12 April 2016 and lists magiccompass.com. The company’s website warns that its official domain is magiccompass.com; another similarly named site should not be assumed to belong to this licensed entity.[2][1]

The regulation page lists cross-border service notifications across numerous EEA states. Those notifications describe permitted geographic reach; they do not establish acceptance of every resident or remove local product restrictions.[20]

The 2025 prudential disclosure, signed by the board on 14 April 2026, reports eight employees in Cyprus and a 206% total capital ratio at 31 December 2025. These are dated company disclosures, not a current solvency test or a guarantee of client repayments.[21]

Headquarters

Limassol, Cyprus