Will MagnaFG provide protections for my funds?

https://www.magnafg.com/

The assurances of protection offered by MagnaFG may not be reliable, as it is an unlicensed broker and its guarantees are not backed by the oversight of any regulatory authorities.

The broker claims to be based in the UK, but it has failed to comply with the necessary regulations, including registration with the Financial Conduct Authority (FCA). This failure to seek authorization has resulted in a warning from the FCA, highlighting its unlicensed status and advising the public to avoid this potential scam.

Therefore, MagnaFG is not a safe choice and carries significant risks of fraud and identity theft. To reduce such risks, investors are advised to avoid MagnaFG and instead choose fully regulated brokers.