Magni Markets Review – The Original MagniMarkets Review

Magni Markets is an online trading broker, today we will present our Magni Markets review. Through Magni Markets, users have access to over 183 tradable assets including currency pairs, cryptocurrency pairs, stocks, indices, and commodities. The platform allows you to download MT5 trading platform, and also has a web trading platform available easily on the Magni Markets website ( magnimarkets.com ) , meaning you have flexibility of choice over how you prefer to trade.

This Magni Markets review will take you through everything you need to know about Magni Markets, including the fees the platform charges and the types of trades you can make.

Pro’s & Cons 

Pros:

• Supports MetaTrader 5, allowing experienced investors access to advanced technical analysis while also being beginner friendly 
• Users can trade with leverage up to 1:500, increasing their earning potential
• 0 deposit & withdrawal fees
• Magni Markets offers a free demo account to enable clients to sharpen their trading strategies without risking their money
• Allows Card, Bank transfer & Bitcoin deposits and withdrawals, simplifying the process and reducing transaction fees
• Trades are backed by institutional grade liquidity giving clients tight spreads even when markets are not very calm

Cons:

• Relatively few options for trading metals, futures, and commodities compared to forex
• The platform does not offer any bonuses to traders at time of writing 

What Can I Do With Magni Markets?

With Magni Markets you can trade a large number of commodities, securities, currencies, and cryptocurrencies. Magni Markets allows users to open either a MetaTrader5 (MT5) live trading account or an MT5 demo account to carry out their trades, or familiarise themselves with the software before starting trading. 

It is also important to note that traders can open as many live trading and demo accounts as they want. Client funds are held in each user’s respective Magni Markets account and are only moved to the trading section when the trader opens a position.

The MT5 platform allows you to trade on your PC, android, iOS, or WebTrader. With these possibilities, you can check your trades from any place at any time and always have access to the platform in case you need to open or close a position.

Which Assets Can I Trade?

From our Magni Markets review , clients have access to over 183 financial instruments they can trade. Here is a quick summary of the assets you can trade on Magni Markets:

• Currencies. Traders can buy or sell 7 major currencies, 21 FX crosses, or 27 FX exotics, giving a total of 55 currency pairs.
• Cryptocurrencies. Magni Markets has 35 cryptocurrency pairs that clients can trade.
• Indices: The trading platform has 11 indices including US30, AUS200, SPX500, and UK100.
• Metals. Traders can choose from platinum (XPT), gold (XAU), silver (XAG), up to a total of 5 metal pairs.
• Futures. Currently Magni Markets offers only US dollar futures.
• Commodities. UKOil and USOil are the two commodities available on Magni Markets at present.
• Stocks. Clients can buy or sell up to 64 individual stocks including top equities like Apple, Google, Amazon, Netflix and many others on the platform.

Payment methods

Magni Markets Deposit & Withdrawal Methods and Costs

Magni Markets accepts deposits / withdrawals made by Credit / Debit Card, Bank Transfer & Bitcoin, From our Magni Markets review one great feature that we found is that Magni Markets does not charge any fees on deposits or withdrawals, as for the speed of deposits they are credited instantly to your trading account, to create our Magni Markets review we personally tested the Magni Markets withdrawal system, our withdrawal was approved and sent within 3 hours. You can view the full table of payment methods for Magni Markets.

What Devices Can I Use Magni Markets On?

Users can access Magni Markets through its web trading platform, and also by downloading MetaTrader 5 software. These options are available on a variety of devices, and traders can use Magni Markets on:

• Desktop computers
• Laptop computers
• Smartphones (iOS and Android)

How Easy Is It To Use Magni Markets?

The Magni Markets website ( magnimarkets.com ) is very simple to navigate, with a variety of helpful and easy to access FAQs. In order to make trades using the platform, you will need to download MetaTrader 5 platform from Magni Markets website, and it’s clearly visible where to click in order to download MT5. 

The process of making trades on Magni Markets will require familiarity with using trading software, however the platform used being MetaTrader 5 is very beginner friendly with plenty of resources also available which explains how to use MT5

Magni Markets Demo Account

If you want to learn about Magni Markets and get a feel for trading without staking any of your capital, you can sign up for a demo account. The account is free to open and has all the features you’ll find on the live trading account, only you’re not trading with real money. You can use the demo account to refine your trading strategy before committing your funds in a real trading account.

Magni Markets allows you to set your virtual cash balance when creating the demo account and you can trade for as long as you want.

Magni Markets Customer Support

Magni Markets customer support team is available round the clock. You can contact them through any of the following methods.

• Live chat. Live chat is available 24/7 and the response is usually very fast during our Magni Markets Review we were connected each time with a live agent in under 30 seconds.
• Request a callback. If you prefer to talk to a live person, you can request a call back by filling in your details on the website magnimarkets.com
• Submit a support ticket. You can email the customer support desk and a member of their dedicated team will get back to you as soon as possible.

From our Magni Markets review, queries are resolved very quickly, and the customer is asked for their feedback on the quality of service received. 

Magni Markets Trading Fees

When trading using Magni Markets there is 0 commission charged on all trades placed, we are able to personally verify this statement from our own Magni Markets review.

What are the spreads?

The difference between the bid and ask prices also known as the spread is usually measured in PIPs when trading forex pairs. It’s not possible to give the exact spreads available on the platform as Magni Markets has a floating live spread approach to displaying the bid and ask prices. Magni Markets also offers two different account types, Classic & VIP each with different spreads. In general the spreads with Magni Markets are on par with the industry standard starting at 1 pips for the Classic account and 0.5 pips for the VIP account. For full information on the Classic and VIP account take a look at magnimarkets account types. 

Summary of Magni Markets

Overall, Magni Markets allows users a quick and easy way to download MetaTrader 5 and place trades on a wide variety of securities, commodities, currencies, and cryptocurrencies. It doesn’t yet offer too much in the way of educational resources, but seems to be expanding this aspect of the site.

Based on user feedback and our own personal Magni Markets review we can confirm that Magni Markets is a trustworthy broker, we not hesitate to recommend them as a good option for those looking for a broker

Conclusion

Magni Markets has a variety of features that make it attractive to traders, from its use of Bitcoin as a payment and withdrawal method, to its incorporation of MT5 trading software. Clients enjoy fee-free deposits, same-day withdrawals, live support 24/7, and competitive spreads.

Inexperienced traders also have the option of signing up for a demo account to learn and hone their trading skills before opening a live trading account. This means you can learn the ropes without risking any of your capital.

The areas of improvement that Magni Markets needs to focus on include, increasing deposit & withdrawal options, adding more assets (especially in energies, metals and commodities)

Magni Markets is a good place to trade for those who already know their way around, and especially for those who want the option of depositing funds in Bitcoin.

Magni Markets FAQ’s

Are There Any Magni Markets Reviews ?

Yes, there are many reviews available for Magni Markets from sources such as truspilot, social media and of course our own Magni Markets review above, overall the reviews show Magni Markets as a trustworthy and legit broker

Is Magni Markets Safe ?

Yes, Magni Markets is safe to use. As part of our Magni Markets Review we tested all the features and made a deposit which we were able to withdraw back.

Is Magni Markets A Good Broker ?

To be able to call a broker “Good” you will need to test every feature, which is exactly what we done in our Magni Markets review, from this we can conclude that Magni Markets is a good broker which we would recommend