Magni Markets broker company is a reliable finance broker that offers a wide variety of trading instruments on the most reliable trading platforms in the world, serving clients in more than 200 countries. The brokerage team has years of expertise in this field, especially in financial markets. The platform combines state-of-the-art technology with enhanced financial expertise to fulfill all the needs of institutional and retail clients.
In this Magni Markets Review, we will discuss the advantages of forex and cryptocurrency trading at Magni Markets, including a variety of trading instruments, high level of security, frequent cash promotions, contests for users, free education and training materials, cash protection, low spreads, no commission for deposits and withdrawals, and many more.
Magni Markets User Experience
Magni Markets is a great company, operating with a team of professionals with a training experience of over 5 years. Compared to other forex companies, the Magni Markets website boasts a track record of having robust financial outcomes alongside stable growth for its clients. It offers one of the most popular CFD and forex trading platforms being MetaTrader 5 with excellent trading conditions and live professional support that is operational 24×7. All in all, the Magni Markets trading platform is one of the most trusted market innovators and a frontrunner in this industry; that’s why its popularity is increasing day by day.
Features of Magni Markets
Negative Balance Protection
Magni Markets offer negative balance protection that helps in minimizing losses if there is any severe downturn from exiting trades if the losses exceed the deposits in the trading account. This is is a very good feature as it ensures that it is impossible to loose more than you have deposited in a worst case scenario. You can read more about the negative balance protection that Magni Markets offers at magnimarkets negative balance protection.
Crypto Trading with Flexible Leverage
Seasoned traders who aim to focus on their investments in the cryptocurrency markets note that the Magni Markets website is a good broker company that charges no extra fees for making crypto deposits using BTC and ETH. Crypto trading comes with dynamic market spreads and flexible leverages. Customers can choose from leverage ratios 1:1 to 1:500 in case of crypto trading.
Top-Notch Customer Support
Magni Markets has an excellent support team of representatives who are available 24×7 via email support, phone support, or the live chat option. From our own experience while conducting our Magni Markets review we found the support team to be very helpful.
Magni Markets combines state-of-the-art trading technology with enhanced financial expertise to cater to the needs of institutional and retail clients, earning a vast client base from more than 200 countries.
Wide Range of Trading Instruments
Magni Markets allows clients to trade the most popular trading instruments, including forex, CFD, stocks, indices, commodities, and cryptocurrencies.
Regular Contests and Promotions
One of the greatest advantages of Magni Markets is that it offers regular contests and cash promotional offers for beginners as well as experienced traders to keep them motivated and help them enhance their trading experience. During our Magni Market review there was a 50% deposit bonus running, however these bonuses only run for a specified period of time
Protection of Funds
What makes Magni Markets a secure place for forex and CFD trading is the platform’s cash protection feature that protects client funds using industry-leading encryption protocols. The minimum deposit requirement is $100 for the classic account while the VIP account has a minimum deposit of $500. During our Magni Markets review we had created a VIP account and made a deposit of $800
Tight Spreads and No Commission
Magni Markets is popularly known for offering competitively tight spreads and zero commissions. The spreads do vary based on the account types. Spreads on the classic account start at 1 pips while spreads on the VIP account start at just 0.5 pips
Trading Education from A to Z
With Magni Markets, beginners, who are new to forex trading, can get regular market analysis, guides, and videos to become a professional forex trader with the right knowledge. While conducting our Magni Markets review we informed the live agent that we were a beginner trader and they were happy to schedule a call for us with an account manager who would show us how to use all the trading platforms and answer any questions we had
Free Copy Trading System
One of the most innovative features of Magni Markets is the free copy trading system that allows registered customers to view real traders’ trading activities in real-time and automatically copy their trading. This can be a helpful feature for beginners and those who are short of time to trade themselves
Services Offered By Magni Markets
- The platform provides a free copy trading system, as mentioned in our Magni Markets review above so that investors can always be connected to other professional accounts through the MetaTrader 5 servers.
- Magni Markets offers clients the ability to use the MT5 platform on PC and mobile so you can trade wherever you are
- There is also a Bitcoin-based account where traders can store Bitcoin and trade the whole crypto market with leverages and earn profits in Bitcoin as well.
- Magni Markets does not only offer multiple trading platforms but also many types of accounts, including classic and VIP account. The platform also offers a demo account so that traders that experiment with the platform’s features and functionality before investing real money into the platform.
Types of Magni Markets Trading Platforms
MetaTrader 5 is a popular and advanced platform with the highest number of indicators and chartings. Since MT5 is not proprietary, it offers the highest security level. The MT5 platform support desktop and mobile trading. MT5 is suitable for both beginner and expert traders
MetaTrader 5 IOS
All those who prefer trading from their iPad or iPhone can download the MetaTrader 5 platform for iOS devices from the App Store and start trading financial markets on the go with complete ease.
MetaTrader 5 Android
MT4 can also be downloaded on Android systems. Traders can enjoy seamless market access from their mobile and tablets, making it more convenient to trade on the go from anywhere than before.
Market Instruments Offered By Magni Markets
Foreign Exchange (FOREX) is a currency exchange that involves the interaction of traders and brokers. Trade at Magni Markets on over 55 forex pairs, including EUR/GBP, EUR/USD, USD/JPY, and other major and minor forex pairs.
Magni Markets also offers CFD on shares of popular global companies, such as Nike, Tesla, Facebook, Microsoft, Invest in the popular shares of the largest companies gain from the platform’s fast execution of orders, and see positive returns.
Magni Markets offers crypto trading and investment options on the worlds most popular cryptocurrencies. The available cryptocurrencies include Bitcoin, Ethereum, Litecoin, and Ripple.
Magni Markets also offers clients the opportunity to trade popular Indexes CFDs from Asia, America, and Europe. The most popular indices are Nikkei, NASDAQ, S&P Global, Dow Jones, and others.
While the options for spot metals CFDs at Magni Markets are limited, the most popular markets are covered being – Gold and Silver – the platform allows trading on precious metals and allows the traders to benefit from fast execution of orders and tight spread.
Magni Markets Account Types
There are two account types at Magni Markets – Classic account and VIP account. Each of these accounts has different levels of functionality and accessibility. The Classic account is a popular choice for many clients, especially beginners since the minimum deposit is only $100. The VIP accounts offer premium trading and investment conditions with spreads start at just 0.5 pips and a minimum deposit of $500, In our Magni Markets review we created a VIP account and made a deposit of $800.
Magni Markets Leverage
Maximum leverage for all trading accounts at Magni Markets is capped at 1:500. Clients have the option to change their leverage up and down as they wish. For our Magni Markets review while testing the platform we set the leverage at 1:500, Although this can be quite helpful when it comes to increasing the sizes of trade positions and earning potential from it, it is often associated with the risks and uncertainties of losses which are magnified. Hence, traders must be cautious about leverage requirements while margin trading.
Excluding the live accounts, Magni Markets also provides demo account and. Traders can choose leverages from 1:1 to 1:500 while they experiment with the platform with their demo accounts. This is a good way for beginners to practice before moving to using real funds.
Magni Markets Fee’s
Magni Markets is transparent about depositand withdrawal of funds, including their fees, Magni Markets does not charge any fee for depositing funds nor do they charge any fee for withdrawing funds, also Magni Markets does not charge any fees on withdrawals, We submitted a $800 withdrawal during our Magni Markets review and can confirm the withdrawal was approved and sent in the same day with 0 fees charged
Magni Markets FAQs
Is Magni Markets Legit?
Yes, Magni Markets is a legit brokerage company that offers trading instruments, such as commodities, crypto, forex, and CFDs, in more than 200 regions for a more detailed answer read our Magni Markets review above
What Is the Minimum Deposit for Magni Markets?
The minimum deposit requirement at Magni Markets is $100 for the classic account and $500 for the VIP account
How Do I Deposit Funds in Magni Markets?
To fund your Magni Markets account, choose a preferred payment method, transfer funds, and start trading immediately.
How Fast Are Magni Markets Withdrawals?
Withdrawals at Magni Markets are processed and sent within the same day from our own exeprience conducting our Magni Markets review
Does Magni Markets Charge Withdrawal Fee’s?
No, Magni Markets does not charge any fees on withdrawals or deposits