Global Broker Regulation Inquiry App
WikiFX
gnsrael 
1-2 years
Is MagnetFX safe and legit?
Broker Issues
Regulation
07-29
United States
WikiFX
Reply
From my personal experience and research, I consider MagnetFX a legit broker. Being regulated by BAPPEBTI and ICDX means they operate under clear legal oversight. That said, I never take “safe” for granted—forex and commodity markets are volatile, so even with a regulated broker, I use stop-loss orders and careful position sizing to manage my risk.
Similar Questions
What are the cons of TopFX?
x1250
06-04
Is The Access Bank UK overseen by any financial regulators, and if so, which authorities are responsible for its regulation?
Elio Matacena
09-07
Is Core Prime regulated?
Sanjay sirohi
07-11
What are the primary advantages and disadvantages of trading through Renta 4?
Ashraf Shahhat
06-18
Is HeroFx regulated?
Vahid
07-18