High Risk
Reported as a scam / unregulated
SF-707524registry entry
Why MagnaSale Trading is on the register
On October 21 2021, the Cyprus Securities and Exchange Commission (CySEC) has issued a warning against MagnaSale Trading, stating that this broker does not belong to one of the firms licensed by the commission as they haven’t been granted an authorization for the provision of investment services. You may visit:
If you have money with this broker
- Stop sending funds. Do not pay any further “fees”, “taxes” or “verification” charges to release a withdrawal — this is a common secondary scam.
- Preserve evidence. Save transaction IDs, wallet addresses, chat logs, and every screenshot before the account is closed.
- Report it. Notify your bank/exchange and your national financial regulator so the activity is on record.
- Get guidance. Tell us what happened and we will point you toward the right next step. We are a free public registry — we never charge any fees.
SentFunds is an information and referral service. Listing reflects reported concerns and public findings; it is not a legal determination.