✔️ Information reviewed and updated in February 2024 by Eduardo López

IS Magic Trader RELIABLE? OPINIONS

In this post I will analyze Magic Trader. Is Magic Trader telegram channel (with tradermagico.com website) really reliable? Is it safe to invest your money with this company? I will examine this company in detail.

I will explain to you why I think Magic Trader is an UNSAFE company AND I CONSIDER IT AS UNRELIABLE. BE CAREFUL WITH THIS KIND OF COMPANIES!


ℹ️ BROKER DATA:

Here are two things that I would like to highlight, (1) the first thing that is important to know is about its regulation and (2) the second is the location of the company. These are two data of vital importance to be able to measure the seriousness and reliability of a company.

Does the company have no regulation or is it regulated by an unserious country? Is the company located in an unreliable place or does it not mention where it is located? These are questions that every investor should ask about the reliability of the company.

InformationAbout the company
(I.e. CompanyNot mentioned
???? AddressNot mentioned
📄 RegistrationNot mentioned
🛡️ RegulapainNot mentioned
️ ️ Phone NumberDoes not have
📧 EmailDoes not have
🌐 Websitetradermagico.com
???? Live ChatNo
💳 Payment methodsNot mentioned
Company typetelegram channel

📞 LIST OF PHONE NUMBERS:

The company does not mention any contact telephone number. The lack of means of contact makes me a little nervous. It is not normal.


💰 DEPOSITS AND ACCOUNTS:

Magic Trader does not offer different types of accounts.


🌐 WEBSITE – WEBSITE:

Below you will see the company's website and a small analysis about the website:

Magic Trader website
  • Age of the website: the domain “tradermagico.com” was registered on April 08, 2022. That is, it is a website that is not very old. 🚩
  • The website does not mention who it belongs to, we noticed a clear lack of transparency in very important data. 🚩
  • As I mentioned before: the company does not mention being regulated, which makes me think that it is an unregulated company. 🚩

⭐ Magic Trader OPINION:

After having carried out an analysis of the company, I have come to the following conclusions:

1) The company does not mention its location. Here I can notice a very clear lack of transparency with key information that I should know in order to be able to evaluate the security of the company.

2) The company does not mention being regulated or anything about its regulation. I understand that it is a UNREGULATED company.

3) I think the company has very little seniority or history. As I mentioned, I was able to check that the domain “tradermagico.com” was registered on April 08, 2022. It is very recent.

4) The company has a very bad reputation on the internet, I have already been able to find customer complaints.

“To be honest with you, I would not invest in this type of company: it is not regulated. In addition to this, they mention returns that seem to be completely false, be careful. I honestly cannot recommend a company of this type.”


💬 WHAT TO THINK OF A COMPANY LIKE Magic Trader?:

The lack of transparency and complete absence of information about Trader Mágico raise serious concerns. The company, by not providing basic data such as its location, membership in a recognized entity, contact information or details about its regulation, creates a significant information gap that should serve as a clear red flag for any potential investor.

The opacity regarding Magic Trader's location is particularly disturbing, as the lack of geographic information makes it difficult to raise suspicions. Furthermore, the fact that it is not mentioned which company Trader Mágico belongs to adds another layer of uncertainty. 

The presence of multiple customer complaints is a clear sign of risk. The negative experiences shared by those who have interacted with Magic Trader suggest possible problems in executing services or handling transactions. These complaints cannot be ignored, as they represent real experiences of individuals who have faced difficulties with the company. It is strongly recommended that you avoid any financial interaction with this entity until more information is revealed and any existing concerns are clarified.


📣 Video review about Trager Mágico

📣 LATEST UPDATES:

At the moment we do not have any update.


✔️ CLAIM MONEY FROM Magical Trader:

If you have been scammed, then I explain, in my opinion, one of the most effective methods to recover capital. If you do it on time and with a serious company, it is highly effective.

We work with a capital recovery service. here you can recover your capital.

In a few words, we use the chargeback method or capital withdrawal, with this method what we do is ask the bank or Visa, or Mastercard (depending on how we send the money), to return our capital, since we have been scammed. In order to recover it, we have to prove that we have indeed been scammed.

Claim your money now!

If you have been scammed, it is the option that I recommend, we work with a totally serious and safe capital recovery company.


🚨 REPORT Magical Trader:

If you have been scammed by this company and you want to report it, I think the best option is to contact the financial regulator of the country where you live. Report what happened to the regulator. Here are some examples of financial regulators by country:

🇦🇷 Argentina: the financial regulator is CNV, here you can get in touch

🇧🇷 Brazil: the financial regulator is CVM, here you can get in touch

🇨🇱 Chile: the financial regulator is CFM, here you can get in touch

🇨🇴 Colombia: the financial regulator is the Financial Superintendence, here you can get in touch

🇪🇨 Ecuador: the financial regulator is SUPERINTENDENCE OF BANKS, here you can get in touch

🇪🇸 Spain: the financial regulator is CNMV, here you can get in touch

🇺🇸 United States: the financial regulator is FINRA, here you can get in touch

🇮🇹 Italy: the financial regulator is CONSOB, here you can get in touch

🇲🇽 Mexico: the financial regulator is CNBV, here you can get in touch

🇵🇪 Peru: the financial regulator is SBS, here you can get in touch

If your country is not on the list, leave a comment and I will gladly help you!


❓ FAQS – FREQUENTLY ASKED QUESTIONS:

What is Magic Trader?

Magic Trader is a signals telegram channel to invest in unregulated brokers.

Is Magic Trader a scam – is it a scam?

In my opinion it is, I think it's a scam. Taking into account different characteristics of this company, I must qualify it as a very bad and very unsafe one.

Is Magic Trader trustworthy?

Magical Trader is a company that I consider to be UNRELIABLE. It has characteristics that make it a very unsafe company: be very careful.

How to recover the money from Magical Trader?

If you have lost your money or been scammed, I recommend you try the capital recovery service.

Which broker is reliable to invest?

If you want to know a safe and reliable company, I invite you to see the ranking of best brokers and you can also check the 3 best brokers of the month.


Eduardo Lopez

Editor and Copywriter

I am Eduardo López Martínez, I was born in Madrid, Spain and I am 48 years old. I am a journalist and I am part of the Brokersdeforexconfiables.com team. Do you want to know a little more about me? I invite you to read my biography.

See publications of Eduardo López

Review rating: 5/5 - (347 votes)

12 comments on «IS Magic Trader RELIABLE? OPINIONS»

  1. Joseph Pastor Reply

    THANK YOU VERY MUCH DEAR, YOU GOT ME TO RECOVER MY CAPITAL! THANKS TO YOU, REALLY. I THANK YOU VERY MUCH. GREETINGS

    • reliableforexbroker.com Reply

      Hello Josep, Congratulations! We appreciate your comment, luckily you didn't hesitate and decided to get your money back. Always put the name of the broker in our search engine and read the review and comments carefully, we are always prepared to help you.
      If you would like to recover the money you can do it from the CHAT from our website or from this link: Get your money back

      If you think about making new investments, first check our RANKING OF BEST BROKERS

      Cheers.

  2. Ignatius Martin Reply

    THANK YOU VERY MUCH DEAR, YOU GOT ME TO RECOVER MY CAPITAL! THANKS TO YOU, REALLY. I THANK YOU VERY MUCH. GREETINGS

    • reliableforexbroker.com Reply

      Hello Ignacio, Congratulations! We appreciate your comment, luckily you didn't hesitate and decided to get your money back. Always put the name of the broker in our search engine and read the review and comments carefully, we are always prepared to help you.
      If you would like to recover the money you can do it from the CHAT from our website or from this link: Get your money back

      If you think about making new investments, first check our RANKING OF BEST BROKERS

      Cheers.

  3. Andrés Reply

    Do not invest in this broker and the mess will be solved. Invest in a trusted broker and follow the signals it gives you, invest little in each operation, and if you see that your operations are correct, continue using them, and if you see that they are not reliable and you lose more than you win, then you stop using them. , it's simple.

    • reliableforexbroker.com Reply

      Hello Andrés, Magic Trader is a SCAM, we have received many complaints from investors, for not returning the money, you should never invest in a broker that does not have REGULATION.

      They create many positive comments about themselves that are not real, they want to confuse investors and pretend to be a legal company but it is all FALSE if you comment on our articles they say that we are part of the competition and it is also a lie!, (we do broker reviews).

      When you want to withdraw your capital or your profits, if they make excuses and tell you to pay commissions or another type of ransom, you will know that they are scamming you, do not fall into that trap, those commissions are not real, they try to take more money from you.

      If you want to recover the money you can do it from the CHAT on our website or by filling out the form at this link: Get your money back, we are with you

      Greetings.

  4. Gabriela Reply

    But if they operate on Quotex and live, without demanding anything from you, and there you can withdraw, I don't understand what they're talking about

    • reliableforexbroker.com Reply

      Hello Gabriela, they go halfway with whatever broker, you invest money, the money never enters the market and in the end they make operations so that you lose your money and then they distribute it 50/XNUMX, all the figures you see on the platform They are money that is not real, it is like a demo, they keep the money directly until you lose it all.

      Greetings.

  5. Carla Reply

    I realized that it was not real when I compared the trading pairs with other brokers and in the others they were closed or they were not of the same value. And with demo money you ALWAYS win and win well. That excites you. But when comparing I realized that it is a deception. Don't invest!

    • reliableforexbroker.com Reply

      Hello Carla, Magical Trader is a SCAM, we have received many complaints from investors, for not returning the money, you should never invest in a broker that does not have REGULATION.

      They create many positive comments about themselves that are not real, they want to confuse investors and pretend to be a legal company but it is all FALSE if you comment on our articles they say that we are part of the competition and it is also a lie!, (we do broker reviews).

      When you want to withdraw your capital or your profits, if they make excuses and tell you to pay commissions or another type of ransom, you will know that they are scamming you, do not fall into that trap, those commissions are not real, they try to take more money from you.

      If you want to recover the money you can do it from the CHAT on our website or by filling out the form at this link: Get your money back, we are with you

      Greetings.

  6. Kai Reply

    This company is a fraud. Confirmed, they DO NOT let you withdraw, you can't, don't do it, listen to me.

    • reliableforexbroker.com Reply

      Hello Kai, Magic Trader is a SCAM, we have received many complaints from investors, for not returning the money, you should never invest in a broker that does not have REGULATION.

      They create many positive comments about themselves that are not real, they want to confuse investors and pretend to be a legal company but it is all FALSE if you comment on our articles they say that we are part of the competition and it is also a lie!, (we do broker reviews).

      When you want to withdraw your capital or your profits, if they make excuses and tell you to pay commissions or another type of ransom, you will know that they are scamming you, do not fall into that trap, those commissions are not real, they try to take more money from you.

      If you want to recover the money you can do it from the CHAT on our website or by filling out the form at this link: Get your money back, we are with you

      Greetings.

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