Terms of Use

Magma Exchange (“Magma”, “the Platform”, “we”) is a trading platform for perpetual contracts on digital assets and financial instruments, operated by [Magma Exchange S.A.], a company incorporated in Panama.

By accessing or using the Platform, you accept these Terms of Use (“Terms”) in full. If you do not accept them, you must not use the Platform.

Acceptance of the Terms is recorded by a cryptographic signature (wallet users) or by electronic acceptance (email users). Proof of acceptance is stored on our servers.

To use the Platform, you must:

• Be at least 18 years old, or the age of legal majority in your jurisdiction;
• Not be a resident or citizen of a country subject to international sanctions, including North Korea, Iran, Cuba, Syria, or any other jurisdiction listed by OFAC, the United Nations, or the European Union;
• Not be a politically exposed person (PEP) unless you have first completed our enhanced verification process;
• Use the Platform in compliance with the laws that apply in your country of residence.

Magma may block access by any person or entity that does not meet these criteria, without prior notice.

Magma provides a perpetual-contracts exchange on which you can take long or short positions on digital assets (cryptocurrencies, memecoins) and synthetic instruments (equities, commodities) denominated in USDC.

The instruments offered are leveraged derivatives. They carry a high risk of loss and are not suitable for every investor.

You are responsible for keeping your sign-in credentials confidential and for every activity carried out from your account. Magma is not liable for any loss resulting from unauthorized access to your account caused by your negligence.

You agree to notify us immediately of any unauthorized access to your account at [email protected].

Using the Platform involves, in particular, the following risks:

• Market risk: the value of assets can fall to zero;
• Leverage risk: losses can exceed the amount invested;
• Liquidation risk: positions can be liquidated automatically;
• Counterparty risk: Magma is the central counterparty to every order;
• Regulatory risk: digital assets are subject to regulation that changes quickly;
• Technology risk: outages, bugs, or cyberattacks can affect the availability of the Platform.

The fees that apply to each type of transaction are shown on the Platform before any order is executed. Magma may change its fees with at least 7 days’ notice.

All content, trademarks, logos, and technology on the Platform are the exclusive property of Magma Exchange S.A. Any reproduction, distribution, or commercial use without prior authorization is strictly prohibited.

To the extent permitted by applicable law, Magma is not liable for indirect, consequential, or intangible losses, including lost profits, data, or business opportunities, arising from the use of, or inability to use, the Platform.

Magma may suspend or terminate your access at any time, including in the event of a breach of these Terms, suspicious activity, or a request from a competent authority.

These Terms are governed by the laws of Panama. Any dispute shall be submitted to the exclusive jurisdiction of the competent courts of the Republic of Panama, unless the parties agree otherwise.

Magma may change these Terms at any time. If a change is material, you will be asked to accept the new terms the next time you sign in. Continued use of the Platform constitutes acceptance of the amended Terms.

Questions about these Terms: [email protected]