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Broker Review

Magnet FX

Verified Broker

Indonesia

Magnet FX — regulated broker. Score: 7.21/10.

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Editorial ScoreNot yet ratedReview in progressHow we score brokers
Founded2010
CEO—
Min. Deposit$100
Fajar FebriansyahWritten by Fajar Febriansyah
Fajar Febriansyah

Written by

Fajar Febriansyah

Broker Research • Writing • SEO

Fajar is Head of Copywriting at FinMedia Group. He researches and writes the broker reviews on MyTradingReviews, turning complex trading conditions into clear, usable guidance.

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Alex FirdausEdited by Alex Firdaus
Alex Firdaus

Edited by

Alex Firdaus

Editorial • Clarity • Content Strategy

Alex is Head of Media at FinMedia Group, overseeing editorial across MyTradingReviews. He edits every review for accuracy, structure, and plain language.

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Karol CempaFact checked by Karol Cempa
Karol Cempa

Fact checked by

Karol Cempa

Industry Experience • Operations • Editorial Oversight

Karol is the founder and CEO of FinMedia Group. He began his career inside the brokerage industry and now leads MyTradingReviews’ editorial direction and final review.

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Updated August 2026 · Our methodology

Broker Overview

Account types
Standard
Platform
MT4MT5

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User Reviews · 6

Trader-submitted reviews for Magnet FX

More Reviews
AI Review Summary

Across 6 trader reviews, Magnet FX holds 3.9 out of 5, rated great overall, with 3 reviews backed by verified proof. Reviewers most consistently highlight a solid platform and execution, fast, reliable payouts, and the firm’s reliability and trustworthiness.

Rating Breakdown
550% · 3
433% · 2
30% · 0
217% · 1
10% · 0
3.9
6 reviews
DM
Declan Murphy VERIFIED TRADER
5.0Excellent2 months ago

Fast withdrawals, a broker I trust

Been with Magnet FX for over a year trading FX majors and gold. Withdrawals clear in under 24 hours every single time and the spreads on majors stay tight even at the London open.

CM
Carlos Mendes VERIFIED TRADER
5.0Excellent3 months ago

Tight spreads and quick payouts

Magnet FX has been excellent for active trading. Spreads on majors stay competitive even at the New York overlap, and my withdrawals cleared within a single business day every time.

AS
Andre Silva VERIFIED TRADER
5.0Excellent4 months ago

Smooth funding from day one

Funding and withdrawals on Magnet FX have been smooth from day one, and the spreads on majors are genuinely competitive. Verification was quick and the support team clearly knew their stuff.

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