Magnum Holdings Limited has been flagged by Alberta Securities Commission for "Unregistered/Unlicensed entity offering financial products or services". This company appears in our regulatory warnings database. Always verify with official regulatory sources before investing or doing business with this firm.
If you are reading this considering Magnum Holdings Limited - run. I wish I had read more negative reviews through a financial advisor. I thought the positive ones were real. Maybe some are. My experience over since mid-2025 has been so bad I feel obligated to warn others. Do not make my mistake.
Pros: Multi-device support|Helpful community forum|Excellent charting
Cons: No dark mode on mobile
Magnum Holdings Limited has the worst mobile app I have ever used for investing. It crashes constantly, features that work on desktop are missing entirely, and the security implementation is questionable at best. How they released this app is beyond me.
Pros: Professional team|Comprehensive tools|Economic calendar
Cons: Alert system is basic|No crypto staking
Tried to withdraw my funds from Magnum Holdings Limited and was told I needed to pay a "withdrawal tax" of 20%. This is a red flag. No legitimate broker charges withdrawal taxes. When I refused, they became aggressive and eventually stopped all communication. My entire investment is gone.
Cons: Cannot withdraw funds|Not regulated|Pressure tactics
After seeing ads for Magnum Holdings Limited online, I investigated. The company is listed in the IOSCO I-SCAN warnings database and has been flagged by Alberta Securities Commission. Their website looks professional but that means nothing - many scam operations invest heavily in appearance. Always check the regulatory warnings before investing.
Cons: Listed in warning databases|No transparency|Pressure to invest quickly
Magnum Holdings Limited advertises low fees but once you dig into the fine print, there are numerous charges that add up quickly. Inactivity fees, withdrawal fees, currency conversion fees - it all eats into your returns. I wish I had read the terms more carefully.
Pros: Portfolio tracking tools|Dedicated account manager|Social trading features
Cons: Search feature is basic
The only good thing about Magnum Holdings Limited is that they remind you why regulation matters. I found them after a friend recommended them. They are regulated in a jurisdiction with weak consumer protection. When things went wrong I had nowhere to turn. Stick to well-regulated brokers.
Pros: API access|Instant funding
Cons: No live chat on mobile
The platform at Magnum Holdings Limited is riddled with bugs. Charts display incorrect data, order confirmations sometimes fail silently, and the portfolio tracker disagrees with actual positions. After for close to eighteen months of dealing with this, I have had enough.
Pros: Competitive fees|Responsive team|Real-time alerts|Economic calendar
Cons: Research section could be deeper|Mobile app could be improved
Do not use Magnum Holdings Limited for anything serious. I used them for the past year and a half for small trades and it was okay. When I deposited a larger amount and traded more, my account was flagged, my withdrawals were delayed, and I was asked to explain my trading. They treat active traders like criminals.
Pros: Customizable dashboard|Good mobile app|Segregated accounts|Two-factor authentication
Cons: No dark mode on mobile|Wish they had more educational resources
For anyone considering Magnum Holdings Limited, please be aware that this company has been flagged by Alberta Securities Commission. This does not necessarily mean they are a scam, but it does mean they may not be authorized to operate in certain jurisdictions. I strongly recommend checking the official regulator website before making any investment decisions.
Cons: Listed in IOSCO I-SCAN|May not be authorized in your jurisdiction
I had a dispute with Magnum Holdings Limited and went to their complaints process. They have an internal team that just defends the company. Then they said I could go to an ombudsman - but the ombudsman they use is industry-funded and rarely rules for the client. The system is rigged.
Pros: Clear documentation|Wide product range
Cons: Wait times can be long during peak hours|Limited ETF selection