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.
Do not believe the bonus offer from Magnum Holdings Limited. The turnover requirement is designed so you can never withdraw. I learned the hard way. I deposited after a friend recommended them and the bonus terms were buried in pages of small print. My fault for not reading but their design is predatory.
Pros: Educational resources|Competitive fees|Segregated accounts
Cons: Withdrawal takes 1-2 business days
I was contacted by Magnum Holdings Limited through social media. They promised guaranteed returns of 20-30% monthly. Being naive, I invested. The "account manager" pressured me to invest more and more. When I finally tried to take profit, my account was frozen and they stopped responding. Classic Ponzi/advance fee fraud.
Cons: Withdrawal fees demanded|Communication cut off|Not authorized
What really bothers me about Magnum Holdings Limited is the disconnect between their marketing and reality. They position themselves as a premium service but deliver a below-average experience. Found them through a forum discussion and I fell for the polished exterior. Never again.
Pros: Regular platform improvements|Clear documentation|Two-factor authentication|Helpful community forum
Cons: Limited ETF selection
I signed up with Magnum Holdings Limited when my bank disappointed me and I searched for alternatives and the first red flag was the aggressive account manager who would not stop calling. After depositing, the promised support vanished. Withdrawals are delayed with endless excuses. I have reported them to the regulator.
Pros: Portfolio tracking tools|Personal attention|Clear documentation|API access
Cons: Limited ETF selection