Magnum Options (also known as Hampshire Capital Ventures Ltd) has been flagged by ASIC (Australia) for "Unlicensed (Legacy)". Addresses: Cavell House Stannard Place Crispins Rd Norwich NR3 1YE United Kingdom; 7th Floor 2 Pinfold Street The balance Sheffield South Yorkshire S1 2GU UK This company appears in our regulatory warnings database. Always verify with official regulatory sources before investing or doing business with this firm. Website domain: www.magnumoptions.eu.
The platform itself is okay, but the customer service at Magnum Options (also known as Hampshire Capital Ventures Ltd) is truly awful. I waited weeks for a response to a simple inquiry. When they did respond, it felt like a generic template that did not address my specific issue at all.
Pros: Risk management tools|Wide product range|Regular updates|Comprehensive tools
Cons: Spreads widen during volatile periods
I closed a profitable position at Magnum Options (also known as Hampshire Capital Ventures Ltd) and the profit was not credited for 5 days. Support said it was a settlement delay. When it finally arrived it was less than the amount shown on the platform. They could not explain the difference. I have moved my account.
Pros: Reliable uptime|Clean UI|Segregated accounts
Cons: Account statements could be more detailed|No phone support on weekends
Do not use Magnum Options (also known as Hampshire Capital Ventures Ltd) for anything serious. I used them since the beginning of the year 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: Risk management tools|Stable platform|Comprehensive tools
Cons: Minimum deposit could be lower
The reporting at Magnum Options (also known as Hampshire Capital Ventures Ltd) is laughably bad. Tax documents are inaccurate, transaction histories have gaps, and trying to export data for your accountant is a nightmare. For a financial platform, getting the numbers right should be the bare minimum.
Pros: Multi-device support|Fast execution|Multi-currency support
Cons: Slow to add new assets|Account statements could be more detailed
My withdrawal from Magnum Options (also known as Hampshire Capital Ventures Ltd) was rejected three times for vague reasons. Each time they asked for more documents. When I finally provided everything, they said my account was under review. since I opened my account last year of being strung along.
Pros: Automated trading options|Market news feed|Low minimum deposit
Cons: Would like more payment methods|Research section could be deeper
I gave Magnum Options (also known as Hampshire Capital Ventures Ltd) a fair chance. After since last summer of usage, I can say with confidence that there are far better options available. The interface is clunky, the fees are higher than competitors, and the customer support team seems overwhelmed or understaffed.
Pros: Low minimum deposit|Comprehensive tools|Competitive fees|Great customer service
Cons: Charting tools need more indicators
Magnum Options (also known as Hampshire Capital Ventures Ltd) had an outage that lasted several hours during a major market event. Not only did they fail to prevent it, but they also failed to communicate what was happening. We were left in the dark while our investments were at risk.
Pros: Instant funding|Good analytical tools|Reliable uptime
Cons: Search feature is basic
After spending since I retired last year trying to make Magnum Options (also known as Hampshire Capital Ventures Ltd) work for me, I have given up. The platform has too many limitations, the fees are not competitive, and the quality of their market data is questionable. There are much better options available.
Pros: Great customer service|Professional team|Wide product range|Tax reports included
Cons: Inactivity fee applies after 12 months
After for a few weeks now with Magnum Options (also known as Hampshire Capital Ventures Ltd) I requested to close my account and withdraw. They said I had to complete a 30-day cooling-off period. Then they said there was a minimum holding period for my last deposit. They make it as hard as possible to leave.
Pros: Regular updates|Personal attention|Real-time alerts
Cons: Limited social trading features
I trusted Magnum Options (also known as Hampshire Capital Ventures Ltd) with a significant portion of my savings and I deeply regret that decision. Not because of market losses, but because of how poorly the platform performed and how dismissively the support team treated my concerns.
Pros: Portfolio tracking tools|API access|Responsive team|Dedicated account manager
Cons: No phone support on weekends