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Funding

Magic Compass offers a safe and easy way to deposit and withdraw funds. Several options are available for greater convenience.

Withdrawing funds from your Magic Compass account to your bank account or e-wallet is fast and safe. You can also transfer funds instantly within your different Magic Compass trading accounts. Don’t hesitate to contact our support team with any questions you may have.

Credit cards Withdrawal Method Currency Service Charges Processing Time
Visa GBP, EUR, USD 0% Same business day** Withdraw
Visa Electron GBP, EUR, USD 0% Same business day** Withdraw
MasterCard GBP, EUR, USD 0% Same business day** Withdraw
Masestro GBP, EUR, USD 0% Same business day** Withdraw

* Withdrawals by Credit Cards are processed within 24 Working hours upon receipt of your withdrawal request. However, the funds are credited into your bank account within 2-5 business days.

* Please note that it is company policy that fund withdrawals are paid back to the source of the original deposit.

E-Wallets Withdrawal Method Currency Service Charges Processing Time
Neteller EUR, USD, GBP 4.5% Same business day** Withdraw
WebMoney EUR, USD 4.5% Same business day** Withdraw
Bank Wire Withdrawal Method Currency Service Charges Processing Time
Wirecard GBP, EUR, USD Flat fee of EUR50 for all
outgoing wire transfers
Same business day** Withdraw
Eurobank EUR, USD Flat fee of EUR50 for all
outgoing wire transfers
Same business day** Withdraw
Credit cards
  • Withdrawal Method

  • Visa

  • Currency

    GBP, EUR, USD

  • Service Charges

    EU cards: 3.5%*
    Non-EU: 4.0%

  • Processing Time

    Same business day**

  •  
  • Withdrawal Method

  • Visa Electron

  • Currency

    GBP, EUR, USD

  • Withdrawal Method

    EU cards: 3.5%*
    Non-EU: 4.0%

  • Processing Time

    Same business day**

  •  
  • Withdrawal Method

  • MasterCard

  • Currency

    GBP, EUR, USD

  • Withdrawal Method

    EU cards: 3.5%*
    Non-EU: 4.0%

  • Processing Time

    Same business day**

  •  
  • Withdrawal Method

  • MasterCard

  • Currency

    GBP, EUR, USD

  • Service Charges

    EU cards: 3.5%*
    Non-EU: 4.0%

  • Processing Time

    Same business day**

  •  
  • Withdrawal Method

  • Neteller

  • Currency

    EUR, USD, GBP

  • Service Charges

    4.5%

  • Processing Time

    Same business day**

  •  
  • Withdrawal Method

  • WebMoney

  • Currency

    EUR, USD

  • Service Charges

    4.5%

  • Processing Time

    Same business day**

  •  
  • Bank wire

  • Withdrawal Method

  • Wirecard

  • Currency

    GBP, EUR, USD

  • Service Charges

    Flat fee of EUR50 for all
    outgoing wire transfers

  • Processing Time

    Same business day**

  •  
  • Bank wire

  • Withdrawal Method

  • Eurobank

  • Currency

    EUR, USD

  • Fees/Commission

    Flat fee of EUR50 for all
    outgoing wire transfers

  • Processing Time

    Same business day**

  •  

* Assuming a minimum amount to be withdrawn will be set to EUR50 then by charging 3.5% you cover the fixed fee of EUR 0.25/USD0.26/GBP0.22 and recover some of the charges already suffered on deposit.

** Your withdrawal request shall be processed in the same day if you have provided us with all relevant documentation and any other information/documentation that we might request.All back-office transfers will be processed during standard business hours, 08:00 - 18:00 (GMT+2) (GMT+3 during Daylight Saving Time).

*** If you have any questions related to the debit/credit card transactions, please contact us via .

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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.