SFC — Hong Kong
Magic Compass Capital Ltd
Licence
MCPRIME Review — Overview
Regulation
Tier-1 regulated
Licence
SFC • CYSEC
Licence status
Active
Platforms
MC Prime App, MT4, MT5
Max. leverage
1:500
Instruments
Currencies, Commodities, Cryptos, and Indices
Typical spread
From 0 pips
Operating
Est. 2024
Main market
VN
Entity
Magic Compass Capital Ltd
Website
Unknown
MCPRIME is a forex & CFD broker based in Australia, established in 2024. On Trust Broker Hub it holds a Trust Score of 5.8 out of 10, which we rate as Fair — above the industry average of 3.3/10. Mixed profile — check regulation and conditions before depositing.
Crucially, MCPRIME is regulated by SFC and CYSEC, including at least one tier-1 regulator. Tier-1 regulation is the strongest sign of legitimacy: it normally requires segregated client funds, regular audits and access to a compensation scheme if the broker fails — meaningful protection for your money.
MCPRIME provides access to Currencies, Commodities, Cryptos, and Indices. Published conditions include leverage up to 1:500. No complaints are currently on record. Overall, MCPRIME has a mixed profile: check its regulation and conditions carefully before depositing.
Trust score breakdown
How is this calculated?Trust Score history
MCPRIME currently scores 5.8/10. The trend line will build here as the Trust Score is re-evaluated over time.
Pros
- Regulated by a tier-1 authority
- No unresolved complaints on record
- Listed in our verified broker directory
Cons
- Very short operating history (under 2 years)
- Always verify the licence directly before depositing
Regulation
Tier 1 · Top
Verified
CYSEC — Cyprus
Magic Compass Capital Ltd
Licence
Tier 2 · Mid
Verified
Offshore (tier-3) regulators typically have lower capital requirements and no compensation scheme. Funds may not be protected if the broker fails.
Trading conditions
| Instruments | Currencies, Commodities, Cryptos, and Indices |
| Minimum deposit | Not disclosed |
| Maximum leverage | 1:500 |
| Typical spread | From 0 pips |
| Platforms | MC Prime App, MT4, MT5 |
| Demo account | / |
We mark unverified fields as “Not disclosed” rather than estimate them.
Our verdict on MCPRIME
Our analysis · editorial
5.8/10
A mixed risk profile
MCPRIME holds a tier-1 regulatory licence among its 2 registrations (SFC, CYSEC). Based in Australia, it has been operating for about 2 years. We have no complaints on record against it. Weighing regulation, track record and complaint history, our Trust Score is 5.8/10 — a mixed profile.
Strengths
- Authorised by a tier-1 regulator (SFC, CYSEC)
- Holds 2 regulatory licences across multiple jurisdictions
- No complaints on record with us
- Supports MC Prime App & MT4 trading
Watch-outs
- Short operating history (2 years)
- Very high leverage available (1:500) — amplifies risk
Bottom line: Proceed with caution: start with a small deposit and test a withdrawal early.
This is Trust Broker Hub's data-driven editorial assessment — not a user review. It is generated automatically from regulation, licensing, company age and complaint records, and updates as those change.
User reviews
5 0
4 0
3 0
2 0
1 0
MCPRIME — Questions & Answers
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Complaints & alerts
No complaints or regulator warnings on record
We monitor regulator alert lists and user reports. We'll flag MCPRIME here if that changes.
Full specifications
Regulated region
Australia
Operating period
2-5 years
Main market
VN
Instruments
Currencies, Commodities, Cryptos, and Indices
Year founded
2024
Frequently asked
Is MCPRIME a safe broker?
MCPRIME scores 5.8 / 10 on our Trust Score, above the 3.3 industry average. It holds tier-1 regulation, which offers strong investor protection. It has no complaints on record. Trade only with funds you can afford to lose.
How is the MCPRIME trust score calculated?
The score weighs five factors: regulation tier, transparency of disclosures, operating footprint, user sentiment, and complaint history. Each is scored out of 10 and combined into the overall figure shown at the top. Read our methodology.
What does "offshore regulated" mean?
It means the broker's licence comes from a jurisdiction with lighter requirements than tier-1 regulators like the FCA or ASIC. There's usually no compensation scheme, so recovering funds can be difficult if the broker fails.
Can I withdraw funds easily from MCPRIME?
MCPRIME publishes some trading terms, but always confirm withdrawal fees directly. Test with a small amount first and document every transaction.