Skycapital opinion

Opinions and information about the MagnumFX broker


¿It is the truly reliable MagnumFX broker (aka Is it safe for you to invest your money with this company? 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 inform about this company? We invite anyone who has experience with this company, to leave a comment with their experience and to rate the company according to their experience with it.

The MagnumFX broker is a broker of: Forex and CFDs.

The broker mentions to be part of: Magnum FX (Cyprus) LTD.

MagnumFX is based in: Cyprus.

If we talk about regulation, MagnumFX is licensed and regulated by the Cyprus Securities and Exchange Commission (the “CySEC”), although we consider this to be a very unsafe regulation.

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MagnumFX website


We will continue to analyze the different account types that MagnumFX offers. In the case of MagnumFX we note that it does not offer information about having different types of account.


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The trading platforms used are: the MT4 platform.

Now, yes, we will go on to analyze the different resources and help that the company provides to traders on its website: some explanations of the products that MagnumFX offers, an explanation of basic concepts of the world of investments, some live charts, economic calendar , financial event news, pip calculator, really not much else.


MagnumFX Features



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Additional information about the company


Phone number: + 357 25 053547

E-mail: [email protected]


Clarification: The investment company MagnumFX works in different countries, so the information provided may not apply to your country, this review is directed to Latin America and / or Spain.

* Bonuses or promotions: None by the moment


MagnumFX valuation

Caution: unregulated broker

With the information we have so far, the comments and reviews of users and traders, our opinion is that it looks like a company we should be careful with.

Why? It is a regulated broker, but regulated by an unreliable and unsafe regulatory body, it is based in unsafe countries (Cyprus), when looking for information and other reviews about MagnumFX we found a lot of negative reviews. .

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.


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