A transparent weighted score from objective public data — each factor scored 0–100 (higher = riskier), combined by the weights below.
| Factor | Score | Weight |
|---|---|---|
| Regulation & licensing | 97 | 35% |
| Company age | 45 | 15% |
| Clone / impersonation | 100 | 12% |
| Withdrawal & exposure complaints | 0 | 12% |
| Offshore registration | 10 | 8% |
| Transparency (site/info/social) | 100 | 10% |
Based on public regulatory records, industry databases and independent reviews (Trustpilot, Forex Peace Army). Exit Risk reflects recent negative momentum in real reviews. A risk estimate from public data, not a definitive legal judgment; brokers may request a correction.
| Regulator | License type | License No. | Region | Status |
|---|---|---|---|---|
| CYSEC | Market Making (MM) | 264/15 | Cyprus | — |
| Account | Max leverage | Min. deposit | Min. spread | Commission | EA |
|---|---|---|---|---|---|
| VIP | -- | $50,000 | -- | -- | ✓ |
| PLATINUM | -- | $25,000 | -- | -- | ✓ |
| GOLD | -- | $10,000 | -- | -- | ✓ |
| CLASSIC | -- | $5,000 | -- | -- | ✓ |
| BASIC | -- | $250 | -- | -- | ✓ |
Across 1 recent Trustpilot reviews, 0% are 1–2 star.
0Magnasale is a forex and CFD broker based in Cyprus, with records dating to 2021-10-26. It reports oversight from CYSEC.
FXCanary’s verdict is “Severe.” The combination of weak regulation and user complaints means your capital could be at serious risk.
Overview compiled by FXCanary from regulatory records and public data. full Magnasale review