Unauthorised Firm Details

Name: InterMagnum
Website: intermagnum.com

InterMagnum Review – High Risk Broker, Many Red Flags

InterMagnum presents itself as a global CFD and forex broker, offering trading in over 1,000 financial assets, including currencies, commodities, indices, and cryptocurrencies. They claim to be “regulated,” advertise an office in Seychelles, 24/7 support, competitive spreads, mobile and desktop platforms, educational tools, and significant user numbers. On paper it looks like a modern trading service.

However, looking deeper, there are several serious concerns and troubling patterns:

• Offshore and Weak Regulation: InterMagnum claims to be regulated by the Seychelles Financial Services Authority (FSA), license number SD132. While this is a positive compared to having no license, Seychelles regulation is often considered weak in terms of investor protection, transparency, enforcement, and oversight compared to regulators in the US, UK, EU, Australia, etc.

• New Domain / Limited Track Record: The domain was registered recently (April 2023). Its online footprint, user reviews, and verifiable operations are minimal. A short operating history means there is less evidence of consistent behavior under stress (e.g. in volatile market conditions).

• Customer Complaints: Multiple users report problems with withdrawing funds. Common issues include being asked for additional fees or “verification” long after depositing, communications failing, account access issues once profit is involved, or being pressured to deposit more in order to make withdrawals.

• Marketing vs Reality Mismatch: The site promises “zero fees and commissions” in some materials, but others mention spreads, commissions, maintenance/inactivity fees. The educational tools, analytics, or platform features seem generic and sometimes described more in marketing-speak than in concrete detail.

• Transparency & Identity Obfuscation: WHOIS data is often hidden; ownership information is limited; legal entity names are given, but verifying their real registration (outside of Seychelles) or business records is difficult. The physical address claimed in Seychelles is often questioned in reviews.

Bottom Line: InterMagnum offers some features that may look promising, but the numerous red flags — weak regulation, domain newness, heavy user complaints, mismatch between marketing promises and actual disclosures — make it high risk. It’s likely unsafe for large deposits. If you choose to try it, use minimal funds, keep all evidence of your transactions, and be prepared for possible issues withdrawing.