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Regarding the legitimacy of MagicForex forex brokers, it provides a comprehensive investigation into the security aspects of regulatory ASIC, and WikiBit, as well as whether there are any negative scam reviews.
Rating Index
WikiFX Detection
Business
Field Survey Danger 
License
ASIC Revoked 
Is MagicForex safe?
The regulatory license is the strongest proof.
ASIC Appointed Representative(AR)
Australia Securities & Investment Commission
Australia Securities & Investment Commission
Regulatory Agencies Introduction
Current Status:
RevokedLicense Type:
Appointed Representative(AR)
Licensor:
Gleneagle
Australia ASIC MM
Licensed Institution:
Magnet Zone Management Pty Ltd
Effective Date:
2018-08-20Email Address of Licensed Institution:
lance.suntup@gleneagle.com.auSharing Status:
No SharingWebsite of Licensed Institution:
www.tricom.com.auExpiration Time:
2018-11-19Address of Licensed Institution:
27 25 BliGh ST Sydney NSW 2000Phone Number of Licensed Institution:
02 8277 6675Licensed Institution Certified Documents:
Legitimacy of similar brokers
MagicForex's latest industry rating score is 1.57, the higher the score the safer it is out of 10, the more regulatory licenses the more legitimate it is. MagicForex
If the score is too low, there is a risk of being scammed, please pay attention to the choice to avoid.