Magni Markets Reviews – A Highly Reccomended Broker

0
260

Magni Markets At A Glance – ⭐⭐⭐⭐ 4.0/5.0

🔎 Broker’s NameMagni Markets
📍WebsiteMagnimarkets.com
📅 Year Founded2019
🌐 Countries not accepted for tradeRussia, USA, North Korea
☪️ Islamic account (swap-free)Yes
👍 Demo AccountYes
📊 Institutional AccountsNo
📊 Managed AccountsNo
📈 Maximum Leverage1:500
💰 Minimum Deposit$100
💳 Deposit OptionsBitcoin, Credit Card, Debit Card, and Wire Transfer
💳 Withdrawal OptionsBitcoin, Credit Card, Debit Card, and Wire Transfer
💻 Platform TypesMetaTrader 5,Windows, Mobile, Web, iPhone, iPad

 

📱 OS CompatibilityPC and Mac OS, mobile for Android and IOS
📈 Tradable assets offeredForex, Shares, Commodities, Cryptocurrencies,Indices
👨‍💼 Languages supported on WebsiteEnglish
👥 Customer Support LanguagesEnglish
📆 Customer Service Hours24/5

 

Magni Markets  Review – 15 Key Point Quick Overview

  1. Magni Markets – Overview
  2. Magni Markets Safety and Security
  3. Magni Markets Sign-up Bonus
  4. Magni Markets Minimum Deposit
  5. Magni Markets Accounts Types
  6. Magni Markets Demo Account
  7. Magni Markets Islamic Account
  8. How to open an Magni Markets account step by step
  9. Magni Markets Trading platforms
  10. Magni Markets Fees and Spreads
  11. Magni Markets Deposit and withdrawal
  12. Magni Markets Customer Reviews
  13. Magni Markets Pros and cons
  14. Conclusion
  15. Frequently Asked Questions

Magni Markets – Overview

According to our review in, Magni Markets is a ECN and STP broker which has been in operation since 2019, well-known for offering traders around the world competitive trading conditions and access to an array of financial markets including forex, cryptos, stocks and indices.

Magni Markets has been featured in many publications such as Forbes and Finance Magnates, and the broker has become increasingly popular in the Asian and European markets. With Magni Markets, traders can expect variable spreads, 24/5 customer support, and access to the award-winning MetaTrader 5.

Magni Markets Safety and Security

Magni Markets takes client security very seriously, this is why all client funds are held in a segregated account. To facilitate this they have partnered with major tier 1 banks

Magni Markets Sign-up Bonus

At the time of writing this Magni Markets review the broker does not offer any sign-up deposit bonus. However it is known that in the past Magni Markets has offered a 50% deposit bonus to new clients. On this basis we can assume that this offer may return again in the future 

Magni Markets Minimum Deposit

Magni Markets has a minimum deposit amount of $100, which is a low minimum deposit amount in comparison to other brokers. This is the most affordable option for any beginner trader and ensures that this broker would be seriously considered by most traders.  

Magni Markets Accounts Types

A Forex account is a trading account that traders hold with a specific broker with the purpose of using it to trade financial instruments. Brokers may offer traders a variety of accounts, with each catering to varying levels of skill, knowledge, and experience, or a single account that can be used. As part of our Magni Markets review we created a classic account to put the platform to the test

Magni Markets Classic Account

The Classic trading account that Magni Markets offers has some of the following features:

➡️A low minimum deposit requirement from $100
➡️STP/ECN execution
➡️Variable spreads which start from 1.0 pips
➡️Leverage from 1:20 on stocks up to 1:500 on forex majors
➡️Commissions of $0
➡️The minimum lot size requirement of 0.01 lots
➡️Access to forex, cryptocurrencies, commodities, stocks, indices, and futures
➡️Access to MetaTrader 5
➡️The option of converting the live trading account into an Islamic account
➡️Access to daily market analysis from the official website
➡️The ability to use an array of trading tools through MetaTrader 5

 

Magni Markets VIP Account

The VIP trading account that Magni Markets offers has some of the following features:

➡️A low minimum deposit requirement from $500
➡️STP/ECN execution
➡️Variable spreads which start from 0.5 pips
➡️Leverage from 1:20 on stocks up to 1:500 on forex majors
➡️Commissions of $0
➡️The minimum lot size requirement of 0.01 lots
➡️Access to forex, cryptocurrencies, commodities, stocks, indices, and futures
➡️Access to MetaTrader 5
➡️The option of converting the live trading account into an Islamic account
➡️Access to daily market analysis from the official website
➡️The ability to use an array of trading tools through MetaTrader 5

 

 Magni Markets Demo Account

Magni Markets offers traders of varying skill levels the option of registering a demo account. With this account, beginners can use it as a practice account to build experience in trading without using real funds, while more advanced traders can use it to:

➡️Develop, perfect, and refine their trading strategies in a risk-free environment before they use it on a real trading account.

➡️Explore what Magni Markets has to offer by using the demo account to navigate the trading conditions offered.

 Magni Markets Islamic Account

Magni Markets offers Muslim traders who follow the Sharia law the option of converting their live trading account into that an Islamic Account with no extra charge. This is a great feature that not every broker offers

How to open an Magni Markets account step by step

To open an account with Magni Markets, traders can follow these steps:

🔴Step 1 – Complete the online application

Navigate to the official Magni Markets website and select “Sign Up” from the homepage.

🔴Step 2 – Upload further information

Complete the online form by providing your First and Last Name, email address, date of birth, and user-selected password to register on the website. Alternatively, you can sign up using your Google or Facebook credentials.

🔴Step 3 –Verify email

Log into your email to view the verification email which was sent and click on the embedded link to verify your account.

Once selected, you will be redirected to the Magni Markets website to sign in where you will then have full access to the portal

🔴Step 4 –Start trading

Once your account is created, you can proceed to make the minimum initial deposit to receive the download link and log in information for MetaTrader 5, after which you can start trading.

 Magni Markets Trading platforms

Magni Markets offers traders the use of the award-winning and popular MetaTrader 5 which was developed by MetaQuotes. MetaTrader is one of the most popular trading platforms in the industry that offers traders with advanced capabilities while being a user-friendly platform.

There is a variety of powerful and interactive charts offered in different styles with multiple timeframes. Other features that traders can expect from MetaTrader 5 include:

➡️A user-friendly interface that can be customized

➡️ Bid/ask price quotes in real-time

➡️ Multiple order types are supported and the option to use one-click trading.

➡️ 9 chart timeframes along with a variety of chart types.

➡️ 30 technical indicators along with 24 graphical objects

➡️ Automated trading supported through Expert Advisors (EAs)

➡️ The ability to perform backtesting on EAs

Magni Markets Fees and Spreads

Magni Markets’s variable spreads start from 1.0 pips on their classic account and just 0.5 pips on their VIP account

Typical spreads on the EUR/USD are 0.7 pips and, on the NA100, they are 1.1.

Commissions charged by Magni Markets is $ 0 per lot round turn on both the classic and VIP account. Price spreads vary throughout the day depending on factors such as available liquidity (supply and demand), market forces, volatility, and the trading session.

Overall the spreads and commissions offered by Magni Markets are very competitive

Magni Markets Deposit and withdrawal

When evaluating brokers, the ease with which deposits and withdrawals can be made is another imperative factor to consider

Magni Markets offers traders a variety of ways through which deposits and withdrawals can be made, including:

💳 Bitcoin
💳 Credit Card
💳 Debit Card
💳 Wire Transfer

 

Traders must acknowledge that deposits and withdrawals may take some time to reflect, depending on the payment method being used. As part of our Magni Markets review we put the withdrawal system to the test and received it in 2 hours via Crypto 

Magni Markets Customer Reviews

Heres a selection of Magni Markets reviews taken from existing clients on their trustpilot page 

No nonsense broker

“Everything works as you’d expect quickly and smoothly, support staff are great if you need a hand with anything”

​​Overall a good broker

“Overall I can say that Magni Markets is a good broker, my only negative is that they don’t have skrill deposit method, everything else works great”

Good broker for day traders

“I’m a day trader so place quite a few trades in a day, since there is no commission on each trade with them it saves me a considerable amount each day. The customer service is also top notch”

Magni Markets Pros and cons

✔️ Pros❌ Cons
More than 100 financial instruments offeredMT4 not offered
24/7 customer supportOnly 2 account types
Flexible leverageNo E-wallet deposit methods
Good Client Reviews
Low minimum deposit from $100

 

Magni Markets Conclusion

Magni Markets is a popular choice among many traders around the globe, and its clear to see why when you look at just how many positive reviews they are getting from existing clients.

In addition to this, Magni Markets offers competitive trading conditions, the spreads are some of the tightest and the commissions are the lowest possible at $0.

Overall following our Magni Markets review we would recommend Magni Markets to both beginner and experienced traders, Magni Markets offers everything a trader needs and provides it in a great manner

Magni Markets Frequently Asked Questions

FAQs About Magni Markets: Safety and Legitimacy

  1. Q: Is Magni Markets a legitimate forex broker?

A: Absolutely, Magni Markets is a fully licensed and regulated forex broker. Who adhere to strict regulatory standards, providing a secure and trustworthy trading environment.

  1. Q: How can I be sure that my funds are safe with Magni Markets?

A: Your funds are held in segregated accounts with reputable financial institutions. This ensures that your money is separate from our operational funds and provides an added layer of security.

  1. Q: How do Magni Markets protect client information and data?

A: Magni Markets employs advanced encryption and cybersecurity measures to safeguard your personal and financial information. Your data’s security is paramount.

  1. Q: Are there any hidden fees that I should be concerned about?

A: Magni Markets are transparent about our fees and charges. Our pricing, spreads, and commissions are clearly stated on their website, leaving no room for surprises.

  1. Q: Can I trust the reviews and testimonials I see about Magni Markets?

A: Yes the Magni Markets reviews and testimonials you find are genuine expressions of clients’ experiences.

  1. Q: Does Magni Markets have negative balance protection?

A: Yes, Magni Markets provide negative balance protection, ensuring that your account balance won’t go below zero, even in highly volatile market conditions.

  1. Q: How do Magni Markets handle client complaints and concerns?

A: Magni Markets have a dedicated customer support team available to address any concerns you may have. Their goal is to provide prompt and effective solutions to ensure your satisfaction.

  1. Q: What steps does Magni Markets take to ensure fair trading conditions?

A: Magni Markets operate with complete transparency and adhere to industry best practices. their trading conditions are designed to provide a level playing field for all traders, fostering trust and fairness.

  1. Q: Is Magni Markets Legitimate?

A: Yes Magni Markets is a legitimate and safe broker, as we have shown in our Magni Markets review above they fulfill all the criteria of a great broker