Magicex5 Review (magicex5.com / m.magicex5.com) – ASIC Investor Alert, Key Red Flags, and What to Do If You Deposited

Magicex5 (magicex5.com and the related web app at m.magicex5.com) is not just “another new trading site.” Australia’s regulator has already flagged it.

The Australian Government’s MoneySmart Investor Alert List (maintained with ASIC warnings) lists Magicex5 (magicex5.com) as “Unlicensed,” dated 19/12/2025. (Moneysmart)
The same alert also appears through IOSCO’s I-SCAN, which is a global portal that republishes member-regulator warnings about firms that are not authorized to provide investment services in the issuing jurisdiction. (IOSCO)

That combination (ASIC/MoneySmart + I-SCAN) is a strong authority-level signal that investors should treat Magicex5 as high-risk and avoid sending funds.

What is Magicex5?

Magicex5 presents itself as an online trading platform, typically styled like a broker or exchange interface through a web dashboard (often via m.magicex5.com). The structure is designed to feel legitimate: login portals, balances, and “profit” displays can look convincing even when the underlying operation is not regulated.

In scam environments, the real test is not how the dashboard looks. The test is whether the firm is licensed, accountable, and verifiable on official registers.

The ASIC/MoneySmart warning: why it matters

MoneySmart’s Investor Alert List exists to warn consumers about entities that are unlicensed and should not be dealt with. Magicex5 appears on that list as Unlicensed. (Moneysmart)

Separately, IOSCO explains that I-SCAN collects alerts and warnings from its members about firms that are not authorized to provide investment services in the jurisdiction that issued the warning. (IOSCO) When the same name shows up on I-SCAN, it reinforces that this is not rumor or opinion—it’s regulator-originated risk information.

Key red flags investors should not ignore

1) “Unlicensed” status removes investor protections

When a platform is unlicensed, you generally do not get the protections that apply to properly regulated financial services. That’s why ASIC publishes alerts and why MoneySmart tells consumers to check licensing before dealing with a provider. (Moneysmart)

2) The platform can operate through multiple web subdomains

Magicex5 is associated with multiple web endpoints (for example m.magicex5.com). This matters because scam operations often move users between different subdomains or URLs while keeping the same “brand,” making it harder for victims to track the operator and easier for the platform to rotate infrastructure.

3) “Pay a fee to release funds” is a classic escalation trap

One of the most common patterns in unlicensed investment scams is the advance-fee escalation: users attempt to withdraw and are told they must pay a tax, verification charge, liquidity fee, or clearance fee first.

ASIC has specifically warned about scams where criminals impersonate authorities and request payments “to enable funds or assets to be released,” noting ASIC does not collect payments to release funds or assets. (asic.gov.au)
Different scams use different labels, but the underlying mechanism is the same: more payment is demanded before withdrawals are allowed.

If Magicex5 (or anyone “supporting” Magicex5) demands extra money before withdrawal, treat that as a major escalation warning.

What to do if you already deposited into Magicex5

If you have sent money or crypto to Magicex5 and you’re facing withdrawal delays, additional fee requests, or sudden “verification issues”:

1. Stop sending additional funds immediately.
   Do not pay “unlock,” “tax,” “verification,” or “processing” fees.
2. Preserve evidence.
   Save screenshots of the dashboard, deposit prompts, chats/emails, wallet addresses, transaction hashes, bank references, and dates.
3. Document a timeline.
   Write down when you first made contact, who contacted you, what was promised, and the amounts deposited.
4. Verify licensing claims yourself.
   ASIC encourages people to ensure the person/company is licensed by searching ASIC’s registers. (connectonline.asic.gov.au)
   If Magicex5 claims a license, the burden is on them to provide details that match official records—not on you to “trust the website.”

At this stage, a specialist such as Forteclaim may be relevant for transaction tracing and evidence organisation, depending on the payment method and how funds moved.

Final verdict

Because Magicex5 (magicex5.com) is listed as Unlicensed on Australia’s MoneySmart Investor Alert List (19/12/2025) and appears via IOSCO’s regulator-alert portal, this platform should be treated as high-risk and avoided. (Moneysmart)

If you have already deposited, secure your evidence and act quickly—delay is one of the biggest factors that reduces recovery options.