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Magic Compass

Severe risk
🇨🇳 China · 2-5 years · since 2022-04-18 · Magic Compass GLOBAL CAPITAL LLC
This is a , not a leveraged forex/CFD broker — listed for reference. If you’re looking for a forex broker, see our forex broker directory.
CYSEC
Visit site ↗
—/5
★★★★★ ★★★★★
0 reviews ›
1
Licenses ›
0
Withdrawal issues ›
—
Min. deposit ›
—
Max leverage ›
0
Account types ›
85/100
Scam risk ›
0
Clone sites ›
▲ 0% positive▼ 0% negative
Independent ratingshow third parties score this broker
WikiFX1.48/10
Trustpilot—/5
Forex Peace Army—/5
🛡️ Been scammed or can’t withdraw from Magic Compass? Our free assistant writes up your case and shows exactly what to do next →
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No sign that Magic Compass actively operates in your country (United States). If you were solicited from here, be extra cautious — it may be an unregulated approach or a clone.
85
Severe risk
Scam Risk Scoremonitored · 2026-07-28
Lower riskHigher risk
  • Listed as “Fake Broker” in industry watchdog records
  • Identified as a clone / impersonator firm
  • No verifiable website or social-media presence
How this score is calculated — view the open algorithm

A transparent weighted score from objective public data — each factor scored 0–100 (higher = riskier), combined by the weights below.

FactorScoreWeight
Regulation & licensing9735%
Company age4515%
Clone / impersonation10012%
Withdrawal & exposure complaints012%
Offshore registration458%
Transparency (site/info/social)10010%

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.

Company
Legal nameMagic Compass GLOBAL CAPITAL LLC
Headquarters🇨🇳 China
Founded2022-04-18
Years operating2-5 years
Employees0
Official websiteaccount.prowayxau.com
Trading conditions
Avg execution speed0 ms
Avg slippage0
Swap rating—
Trading cost rating—
Monitored traders0
Monitored orders0
Funding & instruments
Deposit methods—
Withdrawal methods—
Instruments—

Regulation & licenses · 1

RegulatorLicense typeLicense No.RegionStatus
CYSECMarket Making (MM)299/16Cyprus—
Full reviewIn-depth editorial analysis Scam or safe?Risk score & red flags AccountsTypes · min deposit · how to open Deposit & withdrawalMethods · payout reliability

Review analysis AI

Magic Compass GLOBAL CAPITAL LLC is flagged as a fake broker and clone, with no verifiable website or social media presence, resulting in a severe risk score of 85/100. The claimed CYSEC licence cannot be confirmed, and the entity's true nature remains unclear. We strongly advise against any engagement with this entity.

Not for
  • Any trader seeking a regulated and transparent broker
  • Investors who require a verifiable online presence
  • Traders looking for a legitimate forex or CFD provider
Period:

Real user reviews

Where Magic Compass operates

Based on its licenses and complaint records.

🇨🇾 Cyprus Licensed

Market presence: WikiFX SkyEye · complaints: our records · licensing: official registers. Where you’re accepted is set by the broker’s own terms — always confirm before depositing.

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About Magic Compass

Who is Magic Compass?

Magic Compass GLOBAL CAPITAL LLC is a company registered in China, with a stated founding date of 18 April 2022. Our records show no verifiable website or social-media presence for this entity, and the official domain listed is prowayxau.com. The company is flagged in industry watchdog records as a 'Fake Broker' and as a clone or impersonator firm.

Given the absence of a functioning website or any independent user reviews, public information about the company's operations is extremely limited. This lack of transparency is itself a significant caution sign for any trader considering an engagement with this entity.

Regulatory status

According to our records, Magic Compass GLOBAL CAPITAL LLC holds a single licence from the Cyprus Securities and Exchange Commission (CYSEC) for Market Making (MM) activity, with licence number 299/16. However, the status of this licence is not confirmed in our records, and we have not been able to verify it against the public register.

It is important to note that the company is also identified as a clone or impersonator firm. This means that even if a CYSEC licence exists under a similar name, the entity operating under the name 'Magic Compass GLOBAL CAPITAL LLC' may not be the legitimate holder of that licence. Traders should treat any claim of regulation with extreme caution.

Products and services

We have no reliable information about the products or services offered by Magic Compass GLOBAL CAPITAL LLC. The official domain, prowayxau.com, does not appear to be operational, and we could not find any details about trading platforms, account types, or financial instruments.

In the absence of verifiable information, we cannot confirm whether this entity offers retail forex or CFD trading, or any other financial service. The lack of a functional website is a major red flag, as legitimate brokers typically maintain a transparent online presence.

Risk assessment

FXCanary's Scam Risk Score for Magic Compass GLOBAL CAPITAL LLC is 85 out of 100, which we classify as 'Severe'. This score is driven by multiple risk flags: the entity is listed as a 'Fake Broker' in industry watchdog records, it is identified as a clone or impersonator firm, and it has no verifiable website or social-media presence.

These flags indicate a high likelihood that the entity is not a legitimate broker. Traders should be aware that engaging with such an entity could lead to financial loss, and we strongly advise against any investment until the company's identity and regulatory status are fully clarified.

Conclusion

In summary, Magic Compass GLOBAL CAPITAL LLC presents a highly concerning risk profile. The combination of a fake broker flag, clone status, and lack of any verifiable online presence makes it impossible to recommend this entity to any trader.

We advise traders to avoid this broker entirely and to only consider regulated brokers with a transparent and verifiable track record. If you have been approached by this entity, we recommend reporting it to your local financial regulator.

Overview compiled by FXCanary from regulatory records and public data. full Magic Compass review