Magnum International Markets Ltd

InterMagnum is the trading name of Magnum International Markets Ltd, a Seychelles-registered company operating the website intermagnum.com. The broker presents itself as an online trading provider offering access to over 1,000 financial assets, including forex, stocks, commodities, and indices, through a proprietary trading platform. Its stated mission is to provide a seamless and secure trading environment for retail traders worldwide.

According to its website, the company is based at Office No. 3, Room 2, 1st Floor, Dekk House, Zippora Street, Providence Industrial Estate, Mahe, Seychelles. The broker claims to be regulated by the Seychelles Financial Services Authority (FSA) under license number SD132, though our records indicate that the FSA's public register does not publish licence numbers. The company also advertises a substantial client base, claiming over 590,000 registrations.

In FXCanary's assessment, the regulatory picture for InterMagnum is mixed. The broker is registered in Seychelles, an offshore jurisdiction known for light regulatory oversight, and holds a single licence from the FSA Seychelles as a Securities Dealer. However, the licence number is not published in our records, and the broker's own website cites a number that we cannot independently verify against the public register.

Notably, the Panama Superintendencia del Mercado de Valores has issued a public warning against InterMagnum, listing it as a non-authorized person. This warning, published through the IOSCO I-SCAN system in September 2025, indicates that the broker is not authorized to operate in Panama. This is a significant red flag for traders considering the broker, as it suggests potential regulatory gaps in certain jurisdictions.

InterMagnum offers a proprietary trading platform that is accessible via desktop, mobile, and tablet, with a focus on user-friendliness and security. The platform provides live asset charts, economic calendars, and other analytical tools to support trading decisions. The broker claims to offer flexible leverage up to 200x, fixed low-cost spreads, and a free demo account for practice.

The range of tradable instruments includes major forex pairs, stocks, commodities, and indices, with the broker emphasizing a diverse selection of over 1,000 assets. This multi-asset offering is typical of retail CFD brokers, though the actual execution quality and market access are not independently verifiable from public information.

The broker advertises account types designed to suit different trading needs, with a Platinum account featuring a 100% welcome bonus and a minimum deposit of $250. According to the website, this account includes benefits such as 24/7 support, an education center, daily market reviews, pro webinars, an account manager, trading signals, a personalized trading strategy, and a 1-on-1 trading trainer. The broker also claims zero fees and commissions on trades.

It is important to note that specific spreads, commissions, and other costs are not clearly disclosed on the website, and our records do not include detailed pricing information. Traders should be cautious about the lack of transparency regarding trading costs, as these can significantly impact profitability.

InterMagnum emphasizes 24/7 customer support, with a contact page listing phone numbers for various countries, including the UK and several Latin American nations. The broker also provides an education center, daily market reviews, and webinars as part of its account offerings, aiming to support traders at different skill levels. The website includes a comprehensive FAQ section covering account management, password recovery, and transaction history.

While these resources suggest a commitment to client service, the actual responsiveness and quality of support are not independently verifiable. Traders should test the support channels before committing funds, especially given the broker's offshore status and the regulatory warning from Panama.

In FXCanary's assessment, InterMagnum presents a guarded risk profile, with a Scam Risk Score of 40/100. The primary risk factors include its registration in Seychelles, which offers light regulatory oversight, and the absence of verifiable independent reviews or a strong online presence. The regulatory warning from Panama further underscores the need for caution.

Traders considering InterMagnum should be aware that the broker's claims of regulation and security cannot be fully verified against public records. The lack of transparent pricing and the offshore jurisdiction are additional concerns. As with any unregulated or lightly regulated broker, it is advisable to start with a small deposit and thoroughly test the platform before committing significant capital.