Overview Of Trade Magic
Trade Magic Is An Online Trading Broker Established In 2023, Registered In Anguilla, But Physically Operating From India. The Platform Is Not Currently Regulated By Any Well-known Regulatory Authority, Indicating That There May Be Higher Risks Involved In Trading On The Platform. Trade Magic Offers A Variety Of Market Instruments, Including Stocks, Metals, Indices, Commodities, And Cryptocurrencies, And Supports The MetaTrader 5 (MT5) Trading Platform.
Company Background
Established: 2023
Registered Country: Anguilla
Regulatory Status: Unregulated
Market Instruments: Stocks, Metals, Indices, Commodities, Cryptocurrencies
Demo Account: Not Mentioned
Leverage: Up To 1:500
Spread: Not Mentioned
Minimum Deposit: Not Mentioned
Regional Restrictions: Not Available To Citizens/Residents Of The United States, Cuba, Iraq, Myanmar, North Korea, Or Sudan
Pros And Cons
Pros:
Offers A Wide Range Of Tradable Assets, Including Stocks, Metals, Indices, Commodities, And Cryptocurrencies.
Supports The MT5 Platform And Is Suitable For Experienced Traders.
Cons:
Unregulated, Increasing The Latent Risk Of Trading.
Trading Conditions Are Opaque (such As Spreads And Fees).
Regional Restrictions Are Strict And Users From Certain Countries Are Not Accepted.
Tradable Asset Classes
Trade Magic Supports The Following Asset Classes:
Metals: Such As Gold, Silver, Etc.
Commodities: Such As Crude Oil, Natural Gas, Etc.
Indices: Partially Supported.
Cryptocurrencies: Support Bitcoin, Ethereum, Etc.
Unsupported Asset Classes Include Forex, Energy, Stocks/Shares, Options, Funds, And ETFs.
Account Type/Leverage/Fees
Trade Magic Provides The Following Information:
Leverage: Up To 1:500.
Fees: Low Commissions For Cryptocurrency Withdrawals Or Withdrawal Of Profits Are Supported, But The Specific Fees Are Not Explicitly Mentioned.
Trading Platform
Trade Magic Supports The MetaTrader 5 (MT5) Trading Platform For Desktop, Mobile And Web, Suitable For Experienced Traders. Not Supported By The MT4 And Trading View Platforms.
Customer Support
Contact:
Phone: + 91-9945490007
Email: Info@trademagicbullion.com
Support Language: English
Website Language: English
Company Address: Shop No-1, Ruksana Manzil Compound, Jamiya Abad Road, Haneefabad Cross, Tengingundi, Bhatkal, Karnataka-581320, India.
Summary
Trade Magic Is An Unregulated Online Trading Broker Offering A Wide Range Of Tradable Assets And An MT5 Platform. However, Its Unregulated Status, Opaque Trading Conditions, And Strict Regional Restrictions Make It Risky. Trade Magic Is Not A Reliable Option For Investors Seeking A Safe And Transparent Trading Environment.
