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.
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