ANSWER Dear Investor,We are concerned that Magna FX is a scam.While Magna FX claims to be in the UK, there are no indications that it is registered with the Financial Conduct Authority (FCA). This means it is not authorized to solicit investors or provide financial services.Therefore, we strongly suggest you avoid using Magna FX due to its unlicensed status. To have a safer trading environment, it is recommended to choose fully regulated brokers.
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