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
Is FOREXimf regulated?
helpneeded
07-31
In what ways does Mizuho FX's regulatory standing help safeguard my funds?
Tricia54
08-16
Is Mercados G regulated by any financial authority?
tabawan_dreamer
05-20
Does AIMSCAP have any cons?
Eziol
07-19
Based on your own experience, what do you consider the three biggest benefits of using MasterLink Securities?
Jezreel2
09-02