✔️ Information reviewed and updated in April 2024 by Eduardo López
⭐ Opinions and information about the broker FXMagna ⭐
¿Is the broker FXMagna (also known as fxmagna.com) really trustworthy? ✅ Is it safe to invest your money with this company? ❎ Is FXMagna trustworthy? ❎ In this section we will analyze the company and its reputation as such on the internet.
Do you want to give us a hand and help us with information about this company? We invite anyone who has experience with this company, to leave a comment with their experience and to give the company a score according to their experience with it. 
Let's start with the analysis:
✔️ What is FX Magna? FXMagna is a broker of: Forex and CFDs.
✔️ The broker mentions be part of: MAGNA EMPORIUM GROUP LTD.
✔️ Where is it based? FXMagna is based on: the company is based in the UK according to the website, but there is no valid information to corroborate this, we believe it to be false.
✔️Is it a regulated broker? If we talk about regulation, the FXMagna broker mentions being regulated by Lebrn.com, but we think this is a lie because it does not seem like a formal regulatory body.
❌ Actual location of company offices? We don't know yet, we appreciate someone (brave) giving us this information.
❌ Names of the actual owners? Still unknown, we appreciate any information.
We will continue to analyze the different account types that FXMagna offers. In the case of FXMagna we note that it has 4 different plans:
🔹Galileo account: minimum initial deposit $ 100.
🔹Newton account: minimum initial deposit $ 10.000.
🔹Einstein account: minimum initial deposit $ 25.000.
🔹 Michelangelo account: minimum initial deposit $ 100.000.
Is your broker giving you problems?
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🔸 The platform used to operate is: WebTrader.
🔸 Now, yes, we will analyze the different resources and aids that the company provides to traders on its website: a brief explanation about the services it offers, live charts and market analysis, FAQ section, not much else.
Features of FX Magna
What we like the most
- Modern investment platform.
- Low initial deposit.
What we like least
- Unregulated company.
- Little transparent company.
- Bad reputation | Many complaints.
- Very unsafe location.
- You will probably have problems withdrawing your money.
- In general, a very unsafe company.
More information about the company
🔸 Phone number: +441632960903
🔸 E-mail: [email protected]
🔸 Website: fxmagna.com
🔸 Bonuses, promotions, offers: None by the moment
🔸 Clarification: If you think that our review is not correct, or you have a different opinion about this company, we invite you to leave a comment in this section - rating with your opinion.
⭐ FXMagna Review ⭐
☑️ With the information we have so far, the comments, evaluations and criticisms of users and traders, ⚠️ our opinion is that it seems like a broker with which we have to be careful ⚠️. We do not recommend it.
☑️ Why? Is a broker no regulation and further we do not know its true location, on the other hand, when looking for information and other evaluations about FX Magna find a lot of negative reviews and complaints, overall negative feedback.
(I.e. Is FXMagna safe? How reliable is FXMagna? ❎ We consider it to be an unsafe, unreliable company and we do not recommend it. ❎ Why? For the reasons mentioned above. Here you can read reviews about FXMagna.
❗ November 2021 update: CONSOB, Italian financial regulator, has reported FXMagna due to fraudulent activities.
🚫 Link to the warning 🚫 on the official CONSOB website.
Do you know this company? Do you think our opinion is not correct? Have you operated with this broker? Share a comment with your experience.
Are you part of FX Magna? Are you a representative or worker of the company? Write to us at >> use this form <<
👇 User and trader score 👇
Be careful with these scammers, they are denouncing them
Hi Veronica, this broker called FXMagna is a SCAM, the CONSOB (Italian Financial Regulator) has denounced FXMagna for fraudulent activities (See CONSOB link), it is not advisable to invest money in a NON-REGULATED broker. It's a SCAM and does not return money to its customers.
ALL positive comments from this broker are FALSE, they are made by their own workers to confuse investors, flood social networks with positive messages about them and it's all FALSE! and when customers ask them about our reviews they say we are from the competition, also FALSE !.
If they force you to pay some type of tax, legalization or something similar, do not even think about doing it, that indicates that they are a fraud since those taxes do not exist, they ask for it in order to steal more money.
We recommend to all those affected recover the money from the CHAT what we have on the web or in the following link: Get your money back
Greetings.
if the CONSOB denounces them then you have to be suspicious!
Hello Diego21, this broker called FXMagna is a SCAM, the CONSOB (Italian Financial Regulator) has denounced FXMagna for fraudulent activities (See CONSOB link), it is not advisable to invest money in a NON-REGULATED broker. It's a SCAM and does not return money to its customers.
ALL positive comments from this broker are FALSE, they are made by their own workers to confuse investors, flood social networks with positive messages about them and it's all FALSE! and when customers ask them about our reviews they say we are from the competition, also FALSE !.
If they force you to pay some type of tax, legalization or something similar, do not even think about doing it, that indicates that they are a fraud since those taxes do not exist, they ask for it in order to steal more money.
We recommend to all those affected recover the money from the CHAT what we have on the web or in the following link: Get your money back
Greetings.