SmartProfitFX vs Magic Compass
Magic Compass has two distinct source-checked routes: CySEC-regulated Magic Compass Ltd at www.magiccompass.com with Silver, Raw Spread and Gold MT4 accounts, and Magic Compass Global Ltd in Seychelles with Basic and Pro MT4/MT5/WebTrader accounts.
Verdict
Magic Compass may fit traders comparing a Cyprus CySEC route against a Seychelles offshore route under a similar brand. SmartProfitFX is the cleaner fit only when the trader wants the Eightcap-powered account setup and can verify current Eightcap terms before opening.
Use it for the Eightcap-powered setup
SmartProfitFX can make sense for eligible non-US traders who want current SmartProfitFX and Eightcap-powered platform, market, account, funding and support materials, with the $1 lower round-trip commission point as a supporting detail.
Use it to compare two entity routes
Magic Compass may fit traders who specifically want the CySEC Magic Compass Ltd account table or the Seychelles Magic Compass Global Basic/Pro route after checking which entity, domain and leverage framework apply.
Keep the domains separate
CySEC lists www.magiccompass.com as the approved domain for Magic Compass Ltd. Magic Compass Global uses a different domain, registration and licence context, so those facts must stay separate.
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-US traders who want the SmartProfitFX account setup powered by Eightcap, current account resources and the $1 lower round-trip commission point after verifying underlying Eightcap terms. | Traders researching Magic Compass Ltd's CySEC MT4 account table or Magic Compass Global's Seychelles Basic/Pro route, with strict separation between the two domains. |
| Account setup | SmartProfitFX is an account-opening option powered by Eightcap, not the regulated broker. The account relationship depends on current Eightcap documents. | Magic Compass Ltd lists Silver, Raw Spread and Gold with 100, 5000 and 2500 initial minimum deposits. Magic Compass Global lists Basic and Pro with 100 USD minimum deposit. |
| Pricing | Eightcap-powered account terms should be checked through current Eightcap documents; SmartProfitFX adds a $1 lower round-trip commission than opening directly with Eightcap where applicable. | Magic Compass Ltd account table marks commission only on Raw Spread. Its 2025 cost policy lists 6 USD in/out on Metals/Forex CFDs and 1 USD in/out on Indices where commission applies. Magic Compass Global Pro lists $3.5 without side/round-turn detail. |
| Platforms | Eightcap-powered platform availability should be verified against current Eightcap platform pages and the eligible onboarding entity. | Magic Compass Ltd account table lists MT4 plus iOS and Android. Magic Compass Global lists MT4, MT5 and WebTrader. |
| Markets | Forex and CFD market access depends on the current Eightcap-powered account infrastructure and jurisdiction. | Magic Compass Ltd lists 90+ assets across Forex, Metals, Energy and Spot Indices. Global lists Forex, Precious Metals, Energies and Indices. |
| Entity and regulation | SmartProfitFX should not be presented as the regulated broker; check the applicable Eightcap entity and legal documents. | Magic Compass Ltd is listed by CySEC with licence 299/16 and approved domain www.magiccompass.com. Magic Compass Global Ltd states Seychelles registration 8434985-1 and Securities Dealer Licence SD184. |
| Funding | Check current Eightcap-powered funding methods, processing times, fees and region rules before funding. | Magic Compass Ltd footer shows Bank Wire, but account funding returned 500 on 2026-06-03. Global payment labels were not exposed in fetched text, so method, fee and timing statements need live confirmation. |
| Eligibility and risk | SmartProfitFX eligibility follows current SmartProfitFX and Eightcap restrictions, including non-US availability limits. | Cyprus route excludes citizens/residents of Canada, Cuba, Iran, Iraq, Japan, Myanmar, North Korea, Sudan, Syria, Turkey and the United States. Magic Compass Ltd reports 67% of retail CFD accounts lose money. |
Magic Compass source-checked research brief
The notes below use Magic Compass Ltd homepage, account, trading, regulation, legal and 2025 PDF sources; CySEC firm records; Magic Compass Global homepage; Seychelles FSA register and communique; plus SmartProfitFX/Eightcap sources for the SmartProfitFX side.
Silver, Raw Spread and Gold
- Magic Compass Ltd account overview lists Silver, Raw Spread and Gold accounts in USD, EUR or GBP.
- Initial minimum deposits are 100 for Silver, 5000 for Raw Spread and 2500 for Gold.
- The table lists leverage options 1:5, 1:10 and 1:20, market execution, no requotes, floating spreads, 80% margin call and 50% stop out.
- MT4, iOS trading and Android trading are marked available; swap-free account is marked No and triple-swap day is Wednesday.
- Expert Advisor is marked No for Silver and Yes for Raw Spread and Gold.
- Negative Balance Protection is marked Yes on the account table, while Trading Terms specify it applies to retail clients only.
Current 2025 cost policy controls the fee wording
- The account table marks commission as No for Silver, Yes for Raw Spread and No for Gold.
- The 2025 Costs and Charges Policy lists 6 USD, or equivalent, for an in/out transaction on CFDs on Metals/Forex where commission applies.
- The 2025 Costs and Charges Policy lists 1 USD, or equivalent, for an in/out transaction on CFDs on Indices where commission applies.
- The same policy defines inactivity after at least three months with no deposits, withdrawals or trading activity.
- Inactive accounts may be charged 15 EUR per month until the account becomes active again.
- The old MC_CostsAndChargesPolicy.pdf path returned a 504 on 2026-06-03; current copy should use the 2025 legal-page PDF instead.
Four Cyprus asset classes plus Seychelles market copy
- Magic Compass Ltd homepage says it offers 90+ assets across Forex, Metals, Energy and Spot Indices.
- Forex page says 20+ forex pairs and lists examples such as EURUSD 1.2 versus 0.1 and GBPUSD 1.7 versus 0.2 on Silver versus Raw Spread.
- Metals examples include GOLD 1.00 versus 0.10 and SILVER 1.00 versus 0.05 on Silver versus Raw Spread.
- Energy examples include Spot UK Brent Oil 0.14 versus 0.07, WTI OIL 0.12 versus 0.05 and NGAS 1.20 versus 0.12.
- Spot Indices examples include 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.
- Magic Compass Global lists Forex, Precious Metals, Energies and Indices, but its fetched page did not state the Cyprus 90+ asset count.
Global Basic and Pro are separate from CySEC account rows
- Magic Compass Global lists Basic with no commission, spreads from 1.0 pips, 100 USD minimum deposit, 0.01 lot minimum trade size, up to 1:500 leverage and 50% stop out.
- Magic Compass Global lists Pro with $3.5 commission, spreads from 0.0 pips, 100 USD minimum deposit, 0.01 lot minimum trade size, up to 1:500 leverage and 50% stop out.
- The Global page does not state whether the Pro $3.5 commission is per side or round turn.
- Global platform copy lists MT4, MT5 and WebTrader.
- Global legal text says it is not directed at U.S. residents, including green-card holders, sanctioned countries or jurisdictions where use would violate local law.
- Seychelles FSA communique says Securities Dealer licensing is for securities business done in Seychelles unless the dealer holds required permissions in another jurisdiction.
CySEC record, FSA row and CFD warnings
- CySEC lists Magic Compass Ltd licence 299/16, licence date 12/04/2016, registration 341562, approved domain www.magiccompass.com and Cyprus contact details.
- Magic Compass regulation page lists EU passport registrations and Investor Compensation Fund membership wording for Cyprus Investment Firms.
- 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.
- Magic Compass Ltd homepage risk warning says 67% of retail investor accounts lose money when trading CFDs with Magic Compass.
- Risk Disclosure says CFDs are high-risk complex products and not suitable for all retail clients.
- Leverage Policy says retail maximum leverage is 1:30 for FX majors, 1:20 for FX minors and index CFDs, 1:10 for commodity CFDs, 1:5 for individual equities/reference values and 1:2 for crypto.
Magic Compass caveats
These caveats matter because Magic Compass uses a Cyprus domain and a separate Seychelles global domain with different accounts, leverage, regulation and funding evidence.
Do not blend Cyprus and Seychelles
Magic Compass Ltd and Magic Compass Global Ltd should be treated as separate routes unless a live onboarding source clearly identifies one applicable entity.
Pro commission needs live context
Magic Compass Global lists $3.5 commission on Pro, but the reviewed homepage does not state whether that figure is per side or round turn.
Current funding evidence is thin
Magic Compass Ltd shows Bank Wire in the footer, the funding page returned 500, and Global payment labels were not exposed in fetched text.
Retail and global leverage differ sharply
The CySEC route uses lower retail leverage caps, while the Seychelles Global route advertises up to 1:500.
Who should choose which?
The better fit depends on whether the trader wants the Eightcap-powered SmartProfitFX setup or one of the two Magic Compass source routes.
- You are eligible outside the United States and want the SmartProfitFX account setup powered by Eightcap.
- You want current Eightcap-powered platform access, market access, account resources, funding information and support context in one setup.
- The $1 lower round-trip commission than opening directly with Eightcap matters after the platform and account fit are already clear.
- You prefer not to choose between separate Cyprus and Seychelles Magic Compass entity paths.
- You specifically want Magic Compass Ltd's CySEC-listed www.magiccompass.com route.
- You specifically want to compare Magic Compass Global Basic and Pro accounts under the Seychelles route.
- You have checked which entity, leverage cap, platform set, country restrictions and funding source apply to your onboarding flow.
- You accept CFD risk and understand that account protections differ by entity and jurisdiction.
FAQs
Is SmartProfitFX better than Magic Compass?
SmartProfitFX is better only when the Eightcap-powered account setup, current platform and market access, account resources, funding/support context and $1 lower round-trip commission point fit better than either Magic Compass route.
Which Magic Compass account types are visible?
Magic Compass Ltd lists Silver, Raw Spread and Gold. Magic Compass Global lists Basic and Pro. Those rows should not be merged because they come from separate domains and entities.
Is Magic Compass regulated by CySEC?
CySEC lists Magic Compass Ltd with licence 299/16 and approved domain www.magiccompass.com. That CySEC row should not be used for magiccompassglobal.com, which is a Seychelles route.
What is Magic Compass Global's Pro commission?
Magic Compass Global lists $3.5 commission on Pro, but the reviewed homepage does not state whether the figure is per side or round turn. The Cyprus cost policy is a separate Magic Compass Ltd source.
Can U.S. residents use this comparison as an account-opening guide?
No. SmartProfitFX eligibility must follow SmartProfitFX and Eightcap restrictions, including non-US limits. Magic Compass Ltd excludes U.S. citizens/residents, and Magic Compass Global says its information is not directed at U.S. residents or green-card holders.
What is the main Magic Compass risk issue?
The main risk issue is leveraged CFD trading. Magic Compass Ltd says 67% of retail investor accounts lose money when trading CFDs with Magic Compass, and risk documents describe CFDs as high-risk complex products.
Sources checked
Source date: 2026-06-03. Primary-source URLs below were checked directly for the current brief; no third-party broker databases were used for Magic Compass facts.
- Magic Compass homepage: www.magiccompass.com/
- Magic Compass account overview: www.magiccompass.com/account/overview
- Magic Compass Costs and Charges Policy 2025: www.magiccompass.com/static/legal/Magic%20Compass%20Ltd.%20Costs%20and%20Charges%20Policy%202025.pdf
- Magic Compass Risk Disclosure 2025: www.magiccompass.com/static/legal/Magic%20Compass%20Risk%20Disclosure%20%26%20Warning%20Notice%20Policy%202025.pdf
- Magic Compass Leverage Policy 2025: www.magiccompass.com/static/legal/Magic%20Compass%20Ltd-%20Leverage%20Policy%202025.pdf
- Magic Compass Trading Terms 2025: www.magiccompass.com/static/legal/Magic%20Compass%20Ltd_TradingTermsAndConditions%202025.pdf
- Magic Compass legal documents: www.magiccompass.com/more/legal
- Magic Compass regulation: www.magiccompass.com/more/regulation
- Magic Compass forex: www.magiccompass.com/trading/forex
- Magic Compass metals: www.magiccompass.com/trading/metals
- Magic Compass energy: www.magiccompass.com/trading/energy
- Magic Compass spot indices: www.magiccompass.com/trading/spot
- CySEC Magic Compass record: www.cysec.gov.cy/en-GB/entities/investment-firms/cypriot/79045/
- Magic Compass Global homepage: magiccompassglobal.com/
- Seychelles FSA capital markets list: fsaseychelles.sc/regulated-entities/capital-markets
- Seychelles FSA securities dealer communique: fsaseychelles.sc/media/regupdates/Communiqu_No._1_of_2021_-_Awareness_of_Securities_Dealers_Businesses_copy_7.pdf
- SmartProfitFX FAQs: smartprofitfx.com/resources/faqs
- Eightcap account options: www.eightcap.com/en/traders/account-options/
- Eightcap legal documents: www.eightcap.com/en/legal-documents/
Related comparisons
Compare Magic Compass with other source-checked pages where multiple entity routes, offshore wording and CFD risk need careful handling.
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.
