MagnumFX Review – Basic information about the company

Magnum FX (Cyprus) Ltd is the parent company of and 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 going to start accepting new clients?

It is still not sure when 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 also informs visitors that the company is going to offer a popular trading platform MT4. Apart from these two facts, nothing else is certain.

MagnumFX regulation

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.

Compound interest is the 8th wonder of the world.

Albert Einstein
Mathematician and physicist, Winner of Nobel Prize in Physics