Verdict up front: MagnoFx (magnofx.com) invites you to “Trade Forex, Gold & Crypto with 200% Welcome Bonus”. It is listed on the BrokersView (FastBull) scam broker list. The domain was registered on 5 February 2024 — about 2 years 8 months ago.
| Website | magnofx.com |
|---|---|
| Bonus | 200% on first deposit (code Magno200%) |
| Minimum deposit | $15 |
| Traders claimed | 50,000+ and 500,000+ |
| Regulator named | None |
| Listed | BrokersView (FastBull) scam broker list |
| Domain registered | 5 February 2024 — about 2 years 8 months old |
Deposit $100, trade $300
The bonus calculator turns $100 into a $300 balance. A bonus that large is not free money: bonus credit usually cannot be withdrawn, and it can be used to block withdrawals of your own deposit.
Contacted by someone from MagnoFx?
✎ FILE A COMPLAINT ABOUT MAGNOFX
Include the website, what you paid and any screenshots. Never send passwords or seed phrases.
50,000 or 500,000?
The page says “Trusted by 50,000+ Traders Worldwide” and, a few lines lower, “Join 500,000+ traders earning”.
Testimonials about profits
One review says the writer “made $8,500 profit last month”. Another says they “withdrew $15K last month”. Regulated brokers are not allowed to advertise with profit stories.
Is it regulated?
The FAQ asks “Is MagnoFx regulated and safe?”. The page names no regulator, company or address. Deposits are crypto only.
⚠ Verified evidence
- Listed on the BrokersView (FastBull) scam broker list.
- 200% welcome bonus.
- Trader count given as both 50,000+ and 500,000+.
- Profit testimonials, no regulator.
- Domain registered 5 February 2024.
How to check
Search the firm’s exact name and web address on the register of the regulator in your own country, and on IOSCO’s I-SCAN list. A real broker shows a licence number you can look up in under a minute — and the regulator’s own register links back to the broker’s real website.
What to do if you paid MagnoFx
- Stop sending money — no “tax”, “release fee” or “upgrade” will unlock a withdrawal.
- Keep every record: receipts, wallet addresses, emails and chat screenshots.
- Call your bank or card issuer today and ask about a chargeback or recall.
- Report it to the regulator that issued the warning and to your local police.
- Ignore anyone who offers to recover the money for an upfront fee.
The verdict: MagnoFx leads with a bonus and profit stories. Do not deposit.
Tell us what happened with MagnoFx
✎ FILE A COMPLAINT ABOUT MAGNOFX
Include the website, what you paid and any screenshots. Never send passwords or seed phrases.
Sources, checked 4 October 2026: BrokersView (FastBull) scam broker list · RDAP registration record for magnofx.com · the live page at magnofx.com, read in full. A regulator warning is not a court ruling. Educational content — not financial advice.
