Get started in the Magic Compass
Open an account to begin enjoying all the features and support offered by Magic Compass. Trade on a secure platform, with the added benefit of negative balance protection. Enjoy transparent pricing and 24/5 support on trading days. Depending on the time of the support.
Carefully compare the Standard Account and Raw Spreads Account against different parameters to make a choice.
|Hedging Margin||No extra margin1||No extra margin1|
|Execution Type||Market,no requotes||Market,no requotes|
|Trading Platform||MetaTrader 4 (MT4)||MCtrader|
|Spreads||Floating, from 3-5 pips||Floating, from 3-5 pips|
|Commission||NO||$35 per mln USD traded|
|Minimum Trade Size||0.01||0.01|
Maximum Trade Size
|Stop Out Level||50%3||50%3|
|Negative Balance Protection||YES||YES|
1 Only if Margin Level >100%
2 Every Friday from 21:00 to 23:30 margin call is set to 100%, the company has the right to set all instruments at any time to Close only mode
3 Every Friday from 21:00 to 23:30 stop out is set to 90%, the company has the right to set all instruments at any time to Close only mode
4 Islamic accounts are granted upon company’s approval and may charge an overnight maintenance fee instead of swaps