MAGIC COMPASS vs XM
Independent side-by-side on safety (scam-risk, regulation, reviews) and selection (costs, products, funding, who it's best for). We charge brokers nothing.
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Safety & Trust
Scam-risk scoreⓘ lower = safer
✓16
27
Verdict
Low risk
Guarded
Regulatedⓘ
Yes
Yes
Licenses
1
✓6
Tier-1 regulatorsⓘ
1
✓2
Trustpilot score
—
2.2
Reviews collected
—
3179
Exit riskⓘ lower = safer
—
Severe
Known clonesⓘ
✓9
10
Regulator warnings
0
0
Cost & Accounts
Min deposit lower = easier to start
$100
✓$5
Max leverage
1:10
1:1000
Min spread (best acct)
—
from 0.6
Commission
—
—
Cost grade
—
A
Account types
3
✓4
Best for
Suits
Traders seeking a CySEC-regulated broker with negative balance protection, Retail clients comfortable with MetaTrader 4 and standard forex/CFD instruments, Those who prefer a tiered account structure with clear minimum deposit requirements
Traders who prioritize regulatory oversight and are willing to accept potential delays, Experienced traders who can navigate KYC and support hurdles
Not for
Traders requiring advanced platforms like MT5 or cTrader, Investors looking for a wide range of non-CFD instruments, such as stocks or ETFs, High-volume traders who need raw spreads with a lower minimum deposit than 5,000
Traders who require fast, reliable withdrawals, Beginners who may be overwhelmed by account blocks and support issues, Traders seeking transparent fee structures
Products & Funding
Instruments
CFDs on FOREX, METAL, ENERGY and SPOT INDICES
Currency pairs (major, minor and exotic), stock CFDs, CFDs on cryptocurrencies, commodities, turbo stocks, precious metals, thematic indices
Deposit methods
—
--
Withdrawal
—
--
Execution
Speed
—
AAA
Slippage
—
AAA
Swap cost
—
A
Company
Founded
2019-05-06
2017-09-11
Headquarters
🇨🇾 Cyprus
🇨🇾 Cyprus
Employees
0
0
✓ = stronger value on that row · ● good · ● caution · ● weak · "—" = not yet collected. Independent scoring, never for sale.