Magnet FX
BrokerMagnet FX — regulated broker.
by 6 Traders
Rating Breakdown
Tap a row to filterUser Reviews · 6
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.
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.
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.
Solid broker, demo could be better
Execution on Magnet FX is reliable and I have had zero requotes in six months of scalping. Knocking off a star because the mobile app can lag a little during high-volatility windows.
Verification took way too long
The trading conditions at Magnet FX are fine, but onboarding was painful, it took well over a week and several document re-uploads to get verified. A rough first impression overall.
Dependable execution on indices
I mostly trade indices on Magnet FX and execution has been dependable throughout. Overnight financing on multi-day positions adds up, but withdrawals have always arrived on time.