At Magic Compass, our top priority is the security of your funds. For this, we ensure that all client funds are strictly held separately from the company’s operational accounts. By holding your funds in a segregated account, we ensure that funds are used for trading purposes only. Therefore, it is our responsibility to ensure that no individual or organization can access money from your personal trading account.
Magic Compass belongs to the Investors Compensation Fund (ICF). Consequently, in the unlikely event of the failure or instability to the company which might prevent it from fulfilling its financial obligations, our Retail Customers could be eligible to receive compensation.
Covered Clients of an ICF's member company can receive a total payable compensation of maximum €20,000, regardless of the number of accounts held, the currency and the place from which the investment service is being offered, you can read more information on about the ICF and Covered Clients and the circumstances in which they are covered by clicking here.