Score
magic option
Vietnam|5-10 years| https://magicoption.info
Website
Rating Index
Contact
Licenses
No valid regulatory information, please be aware of the risk!
Single Core
1G
40G
1M*ADSL
- It has been verified that this broker currently has no valid regulation. Please be aware of the risk!
Basic information
Vietnam
5-10 years Suspicious Regulatory License Suspicious Scope of Business High potential riskUsers who viewed magic option also viewed..
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Website
magicoption.info
Server Location
Vietnam
Website Domain Name
magicoption.info
Server IP
45.252.248.59
Company Summary
General Information & Regulation
Magic Option is an online broker registered in Vietnam, with its founding time, real address, and the company behind it unknown to all. Magic Option is not subject to any regulation at this stage, so it is unsafe to trade with this broker.
Markets Instruments
Tradable financial instrument available with Magic Option include forex currency pairs, commodities, and metals. Overall, trading assets offered by this broker are not that rich. Some popular instruments like stocks, indices, crypto currency are not available.
Minimum Deposit
When it comes to minimum initial deposit, Magic Option does not make this part clear. Since Magic Option is an unregulated broker, it is unsafe for traders to open an account no matter its initial deposit is high or low.
Leverage
In terms of trading leverage, the maximum trading leverage offered by this broker is super high, reaching up to 1:1000, which sounds like gambling. Margin trading is full of risks, so high leverage level is not necessarily a good thing.
Spreads & Commissions
As most unregulated brokers do, Magic Option does not announce its spreads on particular instruments, trying to scam traders.
Trading Platform Available
Trading platform supported by Magic Options is not widely used MetaTrader platform, maybe some web-based platform. There is no such information displayed on Magic Optionswebsite.
Deposit& Withdrawal
Magic Option does not tell us what payment methods it support for traders to fund their trading accounts. Most brokers would support some popular funding options such as wire transfer, Visa, MasterCard, Skrill and Neteller.
Keywords
- 5-10 years
- Suspicious Regulatory License
- Suspicious Scope of Business
- High potential risk
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