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Investor Compensation Fund

We understand the value of the hard-earned money that you are investing through our platform. Magic Compass is a member of the Cyprus Securities and Exchange Commission’s (CySEC) Investor Compensation Fund (ICF), in accordance with Law 144(I)/2007, meant specifically for clients of Cyprus Investment Firms (CIFs).

The primary objective of the ICF is to safeguard the capital of clients investing via CIFs, to ensure that their claims are compensated, in the event that a CIF is unable to do so due to financial circumstances that are unlikely to improve in the foreseeable future. The ICF ensures that:

Funds owed to, or belonging to, its covered clients, being withheld by a CIF in the context of providing investment services to the said clients, are returned.
Financial instruments that belong to covered clients but are kept and managed on their behalf by the CIF in question is delivered to the covered clients.

The ICF serves to cover Retail Clients of CIFs, which excludes Professional Clients and Eligible Counterparties.

Covered Clients of an ICF's member company can receive a total payable compensation of no more than €20,000, regardless of the number of accounts held, the currency and the place from which the investment service is being offered, you can read more information on about the ICF and Covered Clients and the circumstances in which they are covered by clicking here.

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

Cookie Policy: The Magic Compass website uses cookies and by continuing using the website you consent to this. For more information please read ‘Cookies Disclosure’.        Accept

Cookie Policy: The Magic Compass website uses cookies and by continuing using the website you consent to this. For more information please read ‘Cookies Disclosure’.        Accept

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.