FXMagnus International Review

About FXMagnus International

FX Magnus (also styled as FXMagnus International) operates under the legal entity Cloudview OÜ, registered in Estonia (company number 14612310; address: Harju maakond, Tallinn, Mustamäe linnaosa, Mäealuse tn 3, 12618) (). The broker offers trading in instruments such as Forex, metals, indices, cryptocurrencies, and CFDs, using a proprietary web trading platform. It does not provide MetaTrader 4/5 or demo accounts. The minimum deposit requirement is stated as USD 250, and leverage advertised may reach up to 1:1000 ().

FX Magnus holds no regulation or licenses from recognized financial authorities such as FCA (UK), ASIC (Australia), NFA/CFTC (USA), CySEC (Cyprus), BaFin (Germany), or ESMA. The UK Financial Conduct Authority has issued a warning that FX Magnus International provided financial services in the UK without authorisation (). There are no records of licensing or oversight by any regulator, and claims of segregated accounts or KYC/AML measures remain unverified (). Based on available information, regulatory authorities and industry monitors classify FX Magnus as unregulated and potentially unsafe ().

Pros and cons

Pros

• Provides access to a variety of trading instruments: Forex, metals, indices, cryptocurrencies, CFDs (as advertised) ().
• Low minimum deposit threshold of USD 250 (as claimed) ().

Cons

• Absent regulation and licensing from recognized authorities; FCA has issued an unauthorised activity warning ().
• No provision of widely used trading platforms (e.g., MT4/MT5), demo accounts, or transparent operational details ().
• Multiple user reports describe difficulties withdrawing funds and alleged excessive fees and pressure tactics ().