Magnum FX (Cyprus) Ltd is the parent company of magnumfx.eu and ETfinance.eu. The former does not accept new clients yet. The latter, however, already fully operates on the market, a review of ETFinance can be found here.
When is MagnumFX.eu going to start accepting new clients?
It is still not sure when MagnumFX.eu is going to accept new traders as the company did not make any public statements about the official “launch date”. For all we know now, it could be a couple of weeks or months…As soon as the broker starts operating, we will update this review.
What is going to be the offer of MagnumFX broker?
MagnumFX is a newly CySEC regulated entity, so we know one thing for sure. The maximum leverage is going to be for retail clients 1:30. The official website magnumfx.eu also informs visitors that the company is going to offer a popular trading platform MT4. Apart from these two facts, nothing else is certain.
Magnum FX (Cyprus) Ltd is authorized and regulated under the Cyprus Securities and Exchange Commission under license number 359/18.
The CySEC regulation gives ForexMart the right to provide cross-border services to other members of the European Economic Area.