SmartProfitFX vs Magic Compass
Magic Compass has reachable official account, pricing, platform, market, legal, eligibility and risk pages checked 2026-06-03. This comparison keeps the Magic Compass facts separate from the SmartProfitFX account setup powered by Eightcap. This page also keeps common search variants visible, including Magic Compass Ltd, Magic Compass Global Ltd, magiccompass.com, magiccompassglobal.com.
Also searched as: Magic Compass Global Ltd, Magic Compass Ltd, magiccompass.com, magiccompassglobal.com
Verdict
The practical choice is not simply SmartProfitFX or Magic Compass. It is whether the reader wants the Eightcap-powered SmartProfitFX setup or Magic Compass' own account, platform, pricing, entity and risk framework after checking current official sources.
Use it for the Eightcap-powered setup
SmartProfitFX can make sense for eligible non-U.S. traders who want Eightcap-powered platforms, broad CFD market access, account resources, funding context and support, with the $1 lower round-trip commission than opening directly with Eightcap as the pricing reason to use SmartProfitFX.
Use it only after source checks
Magic Compass may fit when its current official account, platform, market and pricing pages match the reader's trading requirements and the applicable entity, restriction and risk disclosures are acceptable.
Verify entity and eligibility
Magic Compass page copy should not imply broader eligibility, stronger regulation or lower risk than the source trail supports. Re-check the account-opening entity before funding.
Quick comparison
Research checked 2026-06-03. Broker terms can change; verify current official documents before opening or funding an account.
| Category | SmartProfitFX powered by Eightcap | Magic Compass |
|---|---|---|
| Best fit | Eligible non-U.S. traders who want the SmartProfitFX account setup powered by Eightcap, including Eightcap-powered platform, market, funding and support context plus the $1 lower round-trip commission versus opening directly with Eightcap. | Ltd account overview lists three Cyprus-route accounts: Silver Account, Raw Spread Account and Gold Account. Cyprus-route account currencies are USD, EUR and GBP across the Silver, Raw Spread and Gold rows. |
| Account setup | SmartProfitFX is an account-opening option powered by Eightcap, not the regulated broker. The account relationship depends on current Eightcap documents and eligibility rules. | Ltd account overview lists three Cyprus-route accounts: Silver Account, Raw Spread Account and Gold Account. Cyprus-route account currencies are USD, EUR and GBP across the Silver, Raw Spread and Gold rows. |
| Pricing and spreads | Eightcap-powered terms should be checked through current Eightcap documents; SmartProfitFX adds a $1 lower round-trip commission than opening directly with Eightcap where applicable. | Ltd forex page says there are 20+ forex pairs and gives sample Silver versus Raw Spread account spreads including EURUSD 1.2 versus 0.1, GBPUSD 1.7 versus 0.2 and USDJPY 2.6 versus 0.5. Ltd metals page lists GOLD spread 1.00 on Silver and 0.10 on Raw Spread, and SILVER spread 1.00 on Silver and 0.05 on Raw Spread. |
| Commissions and fees | The SmartProfitFX pricing point is the $1 lower round-trip commission versus opening directly with Eightcap, after confirming the account type and region. | Ltd account table marks commission as No for Silver, Yes for Raw Spread and No for Gold. Ltd 2025 Costs and Charges Policy says commission is charged on specific instruments and defines it as what the client pays when buying and selling an instrument, calculated by volume traded or per-trade basis. |
| Platforms | SmartProfitFX users should verify current Eightcap-powered platform availability, including MetaTrader and TradingView-style workflows where available. | Ltd account overview lists MetaTrader 4 as available and separately marks iOS trading and Android trading as Yes. Ltd homepage promotes downloading an app directly and presents MT4/iOS/Android access through the account table rather than MT5. |
| Markets | Eightcap states broad CFD market access; eligible SmartProfitFX users should confirm the live Eightcap-powered market list for their account and region. | Ltd homepage says it provides Forex, Metals, Energy and Spot Indices and has 90+ assets to trade. Ltd account overview lists CFDs on FOREX, METAL, ENERGY and SPOT INDICES as trading instruments. |
| Entity and regulation | SmartProfitFX should not be presented as the regulated broker; check the applicable Eightcap entity and legal documents. | Ltd homepage and footer state it is a Cyprus Investment Firm supervised and regulated by CySEC with CIF licence number 299/16 and company registration number HE341562. CySEC record for Magic Compass Ltd lists address Sarlo 9, Agios Athanasios, 4106, Limassol, Cyprus; licence number 299/16; licence date 12/04/2016; company registration number 341562; phone +357 25 023 880; and email info@magiccompass.com. |
| Funding | Check current Eightcap-powered deposit and withdrawal methods, processing times, fees and region rules before funding. | Ltd footer lists Bank Wire under We Accept, while the account funding page returned 500 Internal Server Error on 2026-06-03. No live Magic Compass Ltd funding page with processing times, deposit fees, withdrawal fees or payment limits was available from the checked Cyprus source on 2026-06-03. |
| Eligibility and risk | SmartProfitFX eligibility follows current SmartProfitFX and Eightcap restrictions, including non-U.S. availability limits. | Ltd footer says it does not provide services for citizens or residents of certain jurisdictions including Canada, Cuba, Iran, Iraq, Japan, Myanmar, North Korea, Sudan, Syria, Turkey and the United States. Global homepage says the information is not directed at residents of the United States, including U.S. green-card holders, or Sanctioned Countries, and is not intended where use would violate local law or regulation. |
Magic Compass source-checked research brief
The notes below use Magic Compass official website pages plus SmartProfitFX/Eightcap sources. Magic Compass facts are limited to current primary-source material checked for this page.
Account setup and onboarding facts
- Ltd account overview lists three Cyprus-route accounts: Silver Account, Raw Spread Account and Gold Account.
- Cyprus-route account currencies are USD, EUR and GBP across the Silver, Raw Spread and Gold rows.
- Initial minimum deposits are 100 for Silver, 5000 for Raw Spread and 2500 for Gold in the account currency.
- The account table lists leverage options 1:5, 1:10 and 1:20, with market execution, no requotes, MT4, iOS trading, Android trading, floating spreads, 80% margin call and 50% stop out.
- Expert Advisor is marked No for Silver and Yes for Raw Spread and Gold; swap-free account is marked No; triple-swap day is Wednesday.
- Magic Compass account details should stay tied to the source URLs checked 2026-06-03.
- Do not infer account availability for a country or entity unless the current onboarding flow confirms it.
Spreads, commissions and fee context
- Ltd forex page says there are 20+ forex pairs and gives sample Silver versus Raw Spread account spreads including EURUSD 1.2 versus 0.1, GBPUSD 1.7 versus 0.2 and USDJPY 2.6 versus 0.5.
- Ltd metals page lists GOLD spread 1.00 on Silver and 0.10 on Raw Spread, and SILVER spread 1.00 on Silver and 0.05 on Raw Spread.
- Ltd energy page lists examples such as Spot UK Brent Oil 0.14 versus 0.07, WTI OIL 0.12 versus 0.05 and NGAS 1.20 versus 0.12 for Silver versus Raw Spread.
- Ltd spot indices page lists examples such as SP500 3.60 versus 0.75, DJ30 5.50 versus 2.50, NAS100 6.80 versus 1.20 and GER30 5.50 versus 2.10 for Silver versus Raw Spread.
- Ltd leverage policy lists retail leverage caps of 1:30 for FX majors, 1:20 for FX minors and index CFDs, 1:10 for commodity CFDs, 1:5 for individual equities and other reference values, and 1:2 for crypto.
- Ltd account table marks commission as No for Silver, Yes for Raw Spread and No for Gold.
- Ltd 2025 Costs and Charges Policy says commission is charged on specific instruments and defines it as what the client pays when buying and selling an instrument, calculated by volume traded or per-trade basis.
Platforms, markets and instruments
- Ltd account overview lists MetaTrader 4 as available and separately marks iOS trading and Android trading as Yes.
- Ltd homepage promotes downloading an app directly and presents MT4/iOS/Android access through the account table rather than MT5.
- Global homepage lists MT4, MT5 and WebTrader as separate platform options.
- Global homepage describes MT4 as user-friendly with advanced charting tools and seamless execution, MT5 as enhanced charting and multi-asset support, and WebTrader as browser-based access to global markets.
- SmartProfitFX platform statements should be sourced to SmartProfitFX and Eightcap pages; Magic Compass platform availability does not carry over to the Eightcap-powered setup.
- Ltd homepage says it provides Forex, Metals, Energy and Spot Indices and has 90+ assets to trade.
- Ltd account overview lists CFDs on FOREX, METAL, ENERGY and SPOT INDICES as trading instruments.
Legal route, restrictions and client scope
- Ltd homepage and footer state it is a Cyprus Investment Firm supervised and regulated by CySEC with CIF licence number 299/16 and company registration number HE341562.
- CySEC record for Magic Compass Ltd lists address Sarlo 9, Agios Athanasios, 4106, Limassol, Cyprus; licence number 299/16; licence date 12/04/2016; company registration number 341562; phone +357 25 023 880; and email info@magiccompass.com.
- CySEC record lists www.magiccompass.com as an approved domain for Magic Compass Ltd.
- regulation page says Magic Compass Ltd has EU passport registrations and lists the Investor Compensation Fund for clients of Cyprus Investment Firms.
- Global Ltd homepage states registration number 8434985-1 and Securities Dealer Licence No. SD184 under the Republic of Seychelles Securities Act, 2007.
- Seychelles FSA capital-markets list includes Magic Compass Global Ltd with IMAD Complex Office 5, Ile Du Port, Seychelles, +248 4 325910 and info@magiccompassglobal.com.
- Ltd footer says it does not provide services for citizens or residents of certain jurisdictions including Canada, Cuba, Iran, Iraq, Japan, Myanmar, North Korea, Sudan, Syria, Turkey and the United States.
Funding workflow and risk warnings
- Ltd footer lists Bank Wire under We Accept, while the account funding page returned 500 Internal Server Error on 2026-06-03.
- No live Magic Compass Ltd funding page with processing times, deposit fees, withdrawal fees or payment limits was available from the checked Cyprus source on 2026-06-03.
- Ltd Costs and Charges Policy defines inactivity using deposits, withdrawals or trading activity and says the company may deduct a 15 EUR monthly inactivity fee from client funds after at least three months of no activity.
- Ltd trading terms include identity-verification steps and say the company may request additional enhanced due diligence or identification information during the initial verification period.
- Ltd homepage and footer say client capital is at risk and the client may lose all invested capital.
- Ltd risk warning says CFDs are complex instruments and carry a high risk of losing money rapidly due to leverage.
- Ltd says 67% of retail investor accounts lose money when trading CFDs with Magic Compass.
Magic Compass caveats
These caveats keep the comparison useful without overstating what the Magic Compass official sources prove.
Current pages, not directory summaries
The Magic Compass side is based on official pages fetched for this brief. Discovery-directory descriptions should not be reused as page facts.
Match the account-opening entity
A broker brand can route clients through different legal entities. Confirm the entity, licence or registration and country restrictions in the live onboarding flow.
Pricing and fees can change
Treat brokerage, spread, commission, swap and funding examples as date-checked source facts, not permanent promises.
Trading and margin can create losses
The comparison does not reduce trading risk. Review leverage, margin, client-money, negative-balance and loss-risk wording where those topics apply before opening or funding an account.
Who should choose which?
Choose between SmartProfitFX and Magic Compass based on source-checked fit, not brand familiarity alone.
- You are eligible outside the United States and want the SmartProfitFX account setup powered by Eightcap.
- You want Eightcap-powered platform access, broad CFD market coverage, account resources, funding context and support in one setup.
- The $1 lower round-trip commission than opening directly with Eightcap matters after the account and platform fit are already clear.
- You prefer the Eightcap-powered setup over Magic Compass' separate account, pricing, entity and risk framework.
- You specifically want Magic Compass' own account setup after checking the current official account pages.
- Magic Compass' official platform and instrument coverage match the way you trade.
- You have verified the live legal entity, country restrictions, pricing, funding method and risk disclosures.
- You understand investment or trading risk and are not relying on this comparison as personal financial advice.
FAQs
Is SmartProfitFX better than Magic Compass?
SmartProfitFX is the better fit only when you are eligible for the SmartProfitFX account setup powered by Eightcap and you prefer that platform, market, funding and support context before weighing the $1 lower round-trip commission than opening directly with Eightcap.
Does this page also cover Magic Compass Ltd searches?
Yes. This comparison is filed under Magic Compass, and it also keeps alternate search names visible: Magic Compass Ltd, Magic Compass Global Ltd, magiccompass.com, magiccompassglobal.com. Always verify the current legal entity and live onboarding page before treating an old name as current.
What did the Magic Compass source review cover?
The review used 24 current broker and Eightcap source URLs checked 2026-06-03, covering account setup, pricing, commissions, platforms, markets, entity wording, eligibility, funding and risk.
What is the main Magic Compass diligence point?
The main diligence point is to match Magic Compass' live account-opening entity with the official legal, eligibility and risk language, especially where broker pages mention regulated entities, country restrictions, leverage, margin or loss risk.
Can U.S. traders use this page as account-opening advice?
No. SmartProfitFX eligibility follows current SmartProfitFX and Eightcap restrictions, including non-U.S. availability limits. Magic Compass eligibility must be verified from the broker's current official pages before account opening.
Why does the page include source dates?
Broker terms can change. Source dates show when account, pricing, platform, legal, eligibility and risk pages were checked so readers know what still needs live confirmation.
Sources checked
Source date: 2026-06-03. Primary URLs below were checked for this Magic Compass comparison. Verify live terms again before opening or funding an account.
- Magic Compass homepage: www.magiccompass.com/
- Magic Compass accounts: www.magiccompass.com/account/overview
- Magic Compass pricing and spreads: www.magiccompass.com/static/legal/Magic%20Compass%20Ltd.%20Costs%20and%20Charges%20Policy%202025.pdf
- Magic Compass markets and instruments: www.magiccompass.com/about/what
- Magic Compass entity and legal: www.cysec.gov.cy/en-GB/entities/investment-firms/cypriot/79045/
- Magic Compass risk disclosure: www.magiccompass.com/static/legal/Magic%20Compass%20Risk%20Disclosure%20%26%20Warning%20Notice%20Policy%202025.pdf
- Magic Compass additional source: www.magiccompass.com/trading/forex
- Magic Compass additional source: www.magiccompass.com/trading/metals
- Magic Compass additional source: www.magiccompass.com/trading/energy
- Magic Compass additional source: www.magiccompass.com/trading/spot
- Magic Compass additional source: www.magiccompass.com/more/regulation
- Magic Compass additional source: www.magiccompass.com/more/legal
- Magic Compass additional source: www.magiccompass.com/static/legal/Magic%20Compass%20Ltd-%20Leverage%20Policy%202025.pdf
- Magic Compass additional source: www.magiccompass.com/static/legal/Magic%20Compass%20Ltd_TradingTermsAndConditions%202025.pdf
- Magic Compass additional source: magiccompassglobal.com/
- Magic Compass additional source: fsaseychelles.sc/regulated-entities/capital-markets
- Magic Compass additional source: fsaseychelles.sc/media/regupdates/Communiqu_No._1_of_2021_-_Awareness_of_Securities_Dealers_Businesses_copy_7.pdf
- Magic Compass additional source: www.eightcap.com/en/traders/account-options/
- Magic Compass additional source: www.eightcap.com/en/legal-documents/
- Magic Compass additional source: smartprofitfx.com/resources/faqs
- Eightcap markets: www.eightcap.com/en/trade/gud/
- Eightcap platforms: www.eightcap.com/en-au/traders/platforms/
- Eightcap payments: www.eightcap.com/en/traders/payments/
- Eightcap homepage: www.eightcap.com/
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Compare the sources before opening
If SmartProfitFX powered by Eightcap is the better fit, use the SmartProfitFX account link so the account opens through SmartProfitFX.
