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0 1 2 3 4 5 6 7 8 9
0 1 2 3 4 5 6 7 8 9
/10

MCFX TRADER

Seychelles Seychelles | 5-10 years |
Questionable Regulatory License | Suspicious Operational Region | High Potential Risk

https://www.mcfxs.com/

Website

Rating Index

Contact

00248-4671007
https://www.mcfxs.com/

license Forex License

No forex trading license found. Please be aware of the risks.

Warning: Low score, please stay away!
  • This broker lacks valid forex regulation. Please be aware of the risk!
2

Basic Information

Registered Region
Seychelles
Operating Period
5-10 years
Company Name
Magic Compass (Proprietary) Limited
Email
cs@mcfxtrader.com
Contact Number
+2484671007
Company Website
Verified Site
About Us
Wiki Q&A
Comment

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Official Website

Verified Site

  • mcfxs.com
    47.74.245.219
    Server Location
    China China
    ICP Registration No.
    --
    Top Visitor Locations
    --
    Creation Date
    --
    Website Name
    --
    Company
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Review summary

Magic Compass (Proprietary) Limited, operating as MCFX TRADER, is a broker established for 5-10 years and registered in Seychelles. The entity's regulatory status presents a significant point of concern, as it holds no valid authoritative forex trading licenses from recognized financial authorities and is flagged as a highly suspicious entity. This status means the broker operates without direct financial oversight or the investor protection schemes typical of regulated markets. With a WikiFX score of 1.54, the evaluation suggests an operational profile that lacks fundamental regulatory safeguards, placing the responsibility for fund security entirely on the trader. Investors should exercise profound due diligence and be fully aware of the elevated risks associated with an unlicensed entity. Note: Regulatory status, trading conditions, and risk assessments may vary by jurisdiction. The WikiFX score reflects currently available information.Please verify all entity details independently before trading. (Updated: 2026-03-22)

Company Profile

  • 5-10 years
  • Questionable Regulatory License
  • Suspicious Operational Region
  • High Potential Risk

Wiki Q&A

Is MCFX TRADER safe to trade with?

MCFX TRADER is a high-risk, unregulated entity. The broker, officially Magic Compass (Proprietary) Limited, operates from Seychelles and holds no verifiable regulatory licenses from recognized global authorities like the FCA, ASIC, or CySEC. This absence of oversight means client funds are not protected by compensation schemes or segregated account requirements, placing the full burden of security on the trader. The WikiFX score of 1.54 reflects this fundamental lack of regulatory safeguards.

04-02
United States

What is the regulatory status of MCFX TRADER?

MCFX TRADER is an unregulated entity. It operates without any valid, mainstream forex trading licenses. The broker is registered in Seychelles, a jurisdiction that does not provide direct, stringent oversight for retail forex brokers equivalent to top-tier regulators. Consequently, it functions outside the established frameworks designed for investor protection and financial transparency.

04-02
United States

When was MCFX TRADER established?

MCFX TRADER, operating as Magic Compass (Proprietary) Limited, has been in business for an estimated 5 to 10 years. This period of operation provides some historical context, yet it remains critical to note that its entire operational history has occurred without authoritative financial regulation, which is a primary consideration for assessing broker reliability and safety standards.

04-02
United States

¿Qué es un sitio web clonado de un bróker?

Un sitio web clonado de un bróker es una página fraudulenta que imita la información de una empresa legítima para inducir a los inversores a realizar depósitos. Estas páginas suelen copiar el nombre de la marca, el diseño del sitio e incluso la información regulatoria. Sus características comunes incluyen dominios similares al sitio oficial, información de contacto difícil de verificar y promesas de rentabilidad inusualmente altas. Una vez transferidos los fondos, normalmente resulta difícil recuperarlos. Se recomienda verificar el dominio oficial, la información regulatoria y utilizar WikiFX como herramienta de verificación adicional.

15h

Apa arti broker memiliki beberapa lisensi regulasi?

Broker yang memiliki beberapa lisensi regulasi biasanya beroperasi di berbagai yurisdiksi dan harus mematuhi persyaratan dari beberapa regulator, yang dapat menunjukkan tingkat kredibilitas operasional yang lebih tinggi. Namun demikian, kekuatan pengawasan setiap lisensi dapat berbeda, terutama lisensi offshore. Disarankan memeriksa lisensi dari regulator utama seperti FCA atau ASIC melalui WikiFX.

15h

Bagaimana cara menentukan apakah broker teregulasi?

Untuk menentukan apakah broker teregulasi, hal utama yang perlu dilakukan adalah memverifikasi apakah broker tersebut memiliki lisensi keuangan yang valid. Investor dapat memeriksa nomor lisensi dan statusnya melalui situs resmi regulator seperti Financial Conduct Authority (FCA) atau Australian Securities and Investments Commission (ASIC) untuk memastikan keasliannya. Perlu diperhatikan bahwa beberapa broker mungkin menggunakan lisensi pihak lain atau beroperasi di luar yurisdiksi yang diizinkan, yang juga mengandung risiko. Berdasarkan data WikiFX, status regulasi, riwayat operasional, dan skor risiko dapat digunakan sebagai referensi tambahan.

15h

¿Cómo determinar si un bróker está regulado?

Para determinar si un bróker está regulado, es fundamental verificar si posee una licencia financiera válida. Los inversores pueden comprobar el número de licencia y su estado en los sitios web oficiales de organismos supervisores como la Financial Conduct Authority (FCA) o la Australian Securities and Investments Commission (ASIC) para confirmar su autenticidad y vigencia. También debe tenerse en cuenta que algunos brókers pueden incurrir en clonación de licencias o prestación de servicios fuera de las jurisdicciones autorizadas, lo que implica riesgos adicionales. Según los datos de WikiFX, el estado regulatorio, los registros históricos y la puntuación de riesgo pueden utilizarse como referencia complementaria.

15h

How should I compare different forex brokers to find the best one?

To compare different brokers, investors can make comprehensive judgments from multiple dimensions such as regulatory qualifications, overall ratings, trading environment, account conditions, and user feedback. In general, priority should be given to regulatory status and license information, followed by WikiFX ratings and various indexes (such as risk control, software, and business indexes). At the same time, trading conditions (such as spreads and execution speed) and account information (such as minimum deposit and account types) should also be compared. In addition, user reviews, exposure records, and risk assessment information can also be considered to evaluate broker safety and trading experience from multiple aspects. The WikiFX platform also provides multi-dimensional broker comparison tools. Users can select different brokers for visual comparison and comprehensive analysis, so as to make decisions more efficiently.

04-02
United States
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※ WikiFX compiles data from publicly available sources and user contributions. While we endeavor to maintain its accuracy, we do not warrant the information's completeness, accuracy, or timeliness, as it may become outdated. Investors are strongly advised to verify critical details with official sources before making any decisions.
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