Information about Magna Sale Broker
The broker Magna Sale is registered in Cyprus, with its main office located at: Strovolou 148, Strovolos, 2048, Nicosia, Cyprus. The registration number of this brokerage center is 332334.
According to Magna Sale, the broker holds license number 264/15 issued by the Cyprus Securities and Exchange Commission (CySEC). This is the primary state regulator of Cyprus, and all brokerage centers operating in the country must obtain a license from it.
The resource magnasale.org is available in a Russian version, and the appearance of the main page can be seen in the screenshot.
Advantages of Magna Sale
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Technical support. Clients can contact support for prompt issue resolution.
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Security guarantee. The broker takes modern measures to protect clients’ funds and data.
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Technological advancement. For example, the ability to open trades in one click.
Reviews about Magna Sale are the best way to find out if the advantages mentioned above are evident in actual dealings with this broker.
To contact support, it is recommended to use email and the feedback form. A phone number is not provided.
Trading Conditions of Magna Sale
The main trading instruments include currency pairs, stocks, indices, commodities, and digital currencies. The total number of tradable assets is over 1000. All operations are conducted through CFDs.
The trading platform provided allows users to:
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View live charts to track asset trends online.
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Access an economic calendar.
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Receive price alerts.
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Utilize risk management tools, including stop-losses and take-profits.
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Receive trading signals from a leading financial industry research center.
Information about the availability of a mobile version of the trading platform is not provided.
Types of Accounts
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Basic. Deposit from $250.
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Classic. Deposit from $5000.
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Gold. Deposit from $10000.
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Platinum. Deposit from $25000.
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VIP. Deposit from $50000.
All clients are promised 24/7 support, access to an educational center, daily market reviews, and professional webinars. Basic account holders do not receive assistance from a personal manager, while access to personalized trading strategies and assistance from a personal trading coach is exclusively offered to holders of the three most “expensive” accounts.
Deposits and Withdrawals at Magna Sale
To deposit and withdraw funds, clients can use credit cards, bank transfers, and some electronic payment systems. The broker guarantees fund withdrawals within 3-4 business days. No specific information is provided regarding deposit processing times.
There are withdrawal restrictions – bank transfers require a minimum withdrawal of $100, while other payment methods have a $50 withdrawal limit.
The broker warns that a 3.5% commission will be charged for withdrawals. If this percentage amounts to $30 or less, clients will be charged the standard $30 withdrawal fee.
Conclusion
Overall, Magna Sale broker appears to be reliable. It holds Cypriot registration and regulatory documentation, and its official website contains useful information. However, potential clients are advised to read reviews about Magna Sale and consult an independent specialist before making a decision.