MC Markets

MC Markets, legally registered as MAGIC COMPASS GLOBAL LIMITED, is a brokerage entity incorporated in Seychelles on 10 May 2024. The company is headquartered at IMAD Complex, Office 12, 3rd Floor, Ile Du PORT, Mahe, Seychelles. According to our records, it holds a Derivatives Trading License (EP) from the Seychelles Financial Services Authority (FSA), with licence number SD184, though the status of that licence is not recorded.

As a newly established firm, MC Markets has no employees on file and no history of independent user reviews. The company describes itself as offering CFDs, forex, indices, commodities, stocks and cryptocurrencies, alongside a demo account and the MetaTrader 5 platform. It also mentions a learning centre and beginner guides as part of its offering.

MC Markets is regulated by the Seychelles Financial Services Authority (FSA) under a Derivatives Trading License (EP), licence number SD184. The FSA is the financial regulator for the Seychelles, an offshore jurisdiction known for lighter regulatory oversight compared to major financial centres such as the UK, Cyprus or Australia.

The licence number is recorded in our files, but the current status of that licence is not published in our records. Traders should be aware that regulation in Seychelles offers a lower level of investor protection than in more established jurisdictions, and the absence of a confirmed active status is a point to consider.

According to the company's own description, MC Markets provides access to a range of asset classes including CFDs, forex, indices, commodities, stocks and cryptocurrencies. The broker states that it offers a demo account for practice and uses the MetaTrader 5 (MT5) trading platform, which is a widely used platform in the retail trading industry.

Specific details on spreads, commissions, leverage and minimum deposits are not disclosed in our records. The company also mentions a learning centre and beginner guides, suggesting an intent to cater to less experienced traders. However, without independent verification, these claims should be treated with caution.

MC Markets was founded on 10 May 2024, making it a very new entrant to the brokerage space. The company is registered in Seychelles, a common offshore jurisdiction for forex and CFD brokers. Our records indicate that the company has zero employees, which may reflect its early stage of operations or a lean corporate structure.

The registered address is in Ile Du Port, Mahe, Seychelles. The company maintains a presence on social media platforms including Facebook, Instagram, LinkedIn and YouTube, which is typical for brokers seeking to build an online following.

Our records flag MC Markets as having a Scam Risk Score of 40 out of 100, which we classify as 'Guarded'. This score is based on two primary risk flags: the company is registered in Seychelles, an offshore jurisdiction with light regulatory oversight, and withdrawal complaints have been noted in approximately 27% of recent reviews.

It is important to note that these complaints are drawn from aggregated industry data and may not be fully representative. Nevertheless, the combination of a new company, offshore regulation, and a notable proportion of withdrawal complaints warrants caution. Traders should conduct thorough due diligence before committing funds.

Publicly available information about MC Markets is limited. Web searches for the broker return results that appear to describe a different entity operating under the same domain, presenting itself as a digital currency exchange with features such as perpetual contracts and proof of reserves. This discrepancy means that independent verification of the broker's operations is difficult.

Given the lack of reliable public information, we advise traders to treat any claims made by or about MC Markets with caution. The absence of a clear, consistent online presence is itself a warning sign for a broker that is otherwise very new to the market.