MagnetFX Review
93
Review
Fast Facts
Deposits / Withdrawals
- Deposit Methods: Bank Wire Transfer
- Withdrawal Methods: Bank Wire Transfer
Contact Info and Support
Sona Topas Tower lantai 18, Suite 1804. Jl. Jenderal Sudirman Kav. 26 DKI. Jakarta 12920.
Traffic information
| Category | Metrics | Meaning |
|---|---|---|
| Ratings | Global Rank | 9109776 |
| Country Code | ID | |
| Country Rank | 192168 | |
| Category Rank | - | |
| Engagement metrics | Visits | 1560 |
| Bounce Rate | 0.344 | |
| Pageviews per Visit | 1.96 | |
| Avg. Visit Duration | 53.4 | |
| Estimated monthly visits | July 2025 | 2058 |
| August 2025 | 2109 | |
| September 2025 | 1560 | |
| Top countries | Indonesia (ID) | 100% |
| Traffic sources | Search | 60.52% |
| Direct | 24.46% | |
| Referrals | 7.62% | |
| Social | 5.54% | |
| Paid Referrals | 1.67% | |
| 0.19% | ||
| Top keywords | efek fomc xau 2024 | 160 ◦ $130 |
| magnet fx | 10 ◦ $10 | |
| margin call | 193180 ◦ $0.81 ◦ $0 | |
| metatrader 5 | 188840 ◦ $4.11 ◦ $0 | |
| forex | 169610 ◦ $1.95 ◦ $0 |
About MagnetFX
PT Magnet Berjangka Indonesia operates under license number 002/BAPPEBTI/SI/05/2020 issued by the Indonesian Commodity Futures Trading Regulatory Agency (BAPPEBTI), and holds a derivatives trading license 194/SPKB/ICDX/DIR/I/2020 through its membership with the Indonesia Commodity and Derivatives Exchange (ICDX), confirming its regulated status within Indonesia. The broker offers trading in forex (over 20–26 currency pairs), commodities (gold, silver, crude oil), and US stock indices via the MetaTrader 5 platform available on desktop, mobile, and web. Leverage is up to 1:400, spreads start from approximately 0.5 pips on major pairs (such as EUR/USD, GBP/USD, USD/JPY, AUD/USD, USDCAD), and swap-free accounts are available. Deposits and withdrawals are processed via Indonesian local banks, with segregated accounts maintained at Bank BCA and oversight by Indonesia Clearing House (ICH) for client fund protection. strategies such as scalping, hedging, and use of Expert Advisors are permitted, while arbitrage is disallowed. Margin call levels are set at 100% and stop‑out at 30%, with negative balance protection (NBP) not specified in public disclosures.
Who it’s for
- Traders in Indonesia seeking a domestically regulated broker with physical office and local oversight.
- Users needing MetaTrader 5 with full platform features and flexibility across devices.
- Those planning to trade forex, commodities, or US indices with high leverage and swap-free account options.
- Clients preferring Indonesian-language support, deposits/withdrawals via local banks (especially BCA), and segregated account protection.
Pros and cons
Pros
- Licensed by BAPPEBTI and ICDX with disclosed license numbers, ensuring compliance with Indonesian regulatory standards.
- Segregated client fund protection via BCA accounts and ICH oversight.
- MT5 access with market execution, support for scalping, hedging, and Expert Advisors.
- Competitive starting spreads (~0.5 pips) and high leverage up to 1:400.
Cons
- No publicly disclosed information about commission structure besides examples, and no negative balance protection stated.
- Trading conditions such as spreads and commissions may be less cost-efficient compared to lower‑cost or offshore brokers.
- No evidence of enhanced cybersecurity measures (e.g., two‑factor authentication) in public sources.
- Support wait times and platform security may not meet institutional-grade expectations.
