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Trading Accounts

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.

Accounts Comparison

Carefully compare the Standard Account and Raw Spreads Account against different parameters to make a choice.

 

Minimun Deposit

Standard

50

Raw Spreads

500
Leverage

1:1,1:10,1:20,1:25,1:50,1:75,

1:100,1:200,1:250,1:400,1:500

1:1,1:10,1:20,1:25,1:50,1:75,

1:100,1:200,1:250,1:400,1:500

Account Currency USD,EUR,GBP USD,EUR,GBP
Hedging Margin No extra margin1 No extra margin1
Execution Type Market,no requotes Market,no requotes
Trading Instruments CFDs CFDs
Trading Platform MetaTrader 4 (MT4) MCtrader
Spreads Floating, from 3-5 pips Floating, from 3-5 pips
Commission NO $35 per mln USD traded
Expert Advisors NO YES
Trailing Stop NO YES
Minimum Trade Size 0.01 0.01
Maximum Trade Size
Single Order
30 100
Maximum Positions Unlimited Unlimited
Margin Call 80%2 80%2
Stop Out Level 50%3 50%3
Negative Balance Protection YES YES
Swap Free YES4 YES4

Notes:

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

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From Magic Compass: Trading CFD products can result in the loss of the entire invested capital. Please trade responsibly.

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Magic Compass Ltd. is a Cyprus Investment Firm (CIF) supervised and regulated by the Cyprus Securities and Exchange Commission (CySEC) with CIF License number 299/16 and Company registration number HE341562.

Risk Warning

Trading leveraged products such as CFDs involves significant risk and you may not only lose all of you invested capital but also sustain losses in excess of your deposited funds. You should not invest more than you can afford to lose and should ensure that you fully understand the risks involved. Trading leveraged products may not be suitable for all investors. Before deciding to trade, you need to ensure that you understand the risks involved taking into account your investment objectives and level of experience. You should seek independent financial advice prior to applying for opening a trading account with the Company. Information of the previous/past performance of CFDs is not a guarantee for its current and/or future performance. The use of historical data does not constitute a binding or safe forecast as to the corresponding future performance of the Financial Instruments to which the said information refers.
Please click here to read Magic Compass full Risk Disclosure. They should insert link to our Risk Disclosure.

We do not establish accounts to residents or passport holders of certain jurisdictions including Canada, USA and Belgium.