A hand-held trade and risk-management device plus on-screen app that auto-calculates position size and speeds up order management for discretionary traders.
Built by the Magic Keys team from the WicksDontLie trading community and sold direct via magickeys.trade.
Runs alongside MetaTrader 4, MetaTrader 5 and cTrader on Windows 64-bit and macOS 11.5+.
Set your risk percentage and Magic Keys sizes the trade automatically; one-tap buttons handle entries, partials and stops.
Popular with prop-firm and manual traders for enforcing discipline β check current Trustpilot feedback before buying.
Discretionary forex and indices traders who want faster, rule-based risk management β not algo or EA traders.
A free MT4/MT5 trade-management panel with a lot-size calculator and partial closes.
On-screen order pads built into many broker platforms β software only, no hardware.
Native one-click trading and risk tools built directly into cTrader.
Charting paired with manual position-size calculators for a software-based workflow.
Enter risk in percent or cash and Magic Keys calculates the exact lot size per instrument automatically.
Physical and on-screen buttons open, close, reverse and scale trades in a single tap.
Auto break-even, partial stop-loss and multiple partial take-profits fire without manual input.
Magic Keys never holds your funds β it is an accessory you run on your own PC with your existing regulated broker.
The software runs locally and connects to your platform; there is no account or deposit with Magic Keys itself.
Your capital safety depends on the broker you trade with, so always pair Magic Keys with a well-regulated one.
Magic Keys V3 costs a one-time $185 with no recurring fees or subscription.
Free worldwide shipping, with typical processing of up to two business days.
The physical device is covered by a one-year warranty.
Windows 64-bit or macOS 11.5 or newer, plus a USB port for the wireless receiver on the physical version.
Magic Keys is a focused trade-and-risk tool. Here is where it shines and where it falls short.
Pros:
Cons:
Magic Keys V3 is a one-time $185 purchase with free worldwide shipping and a 1-year warranty. You can choose the CNC-aluminium hardware keypad or the on-screen software version. There is no subscription or recurring fee, and processing typically takes up to two business days.
Software trade managers such as FX Blue or built-in platform panels are free and cover much of the same ground: lot-size calculation, partial closes and one-click trading. Magic Keys differentiates itself with a dedicated physical keypad, auto-triggers such as break-even and multiple partial take-profits, and an overtrading-limit panel that many free tools lack. If you value tactile, distraction-free execution and enforced discipline, the hardware is the draw; if you only need basic position sizing, a free panel may be enough.
For discretionary forex and indices traders, Magic Keys can pay for itself by preventing a single oversized or emotional trade. Its strongest features are automatic position sizing and the trading-limit panel, both of which target the most common ways retail traders blow accounts. It is not a broker, a signal service or an EA, so it will not trade for you. Judge it as a risk-discipline accessory and pair it with a well-regulated broker.
Verdict: Magic Keys is a well-made, one-time-cost tool that helps manual traders size positions correctly and manage trades faster. It suits discretionary and prop-firm traders who struggle with risk discipline. It is not for algo traders and it does not replace a broker. If tighter, rule-based risk control is your goal, it is a reasonable investment.
This site contains affiliate links. We may earn a commission when you sign up through them, at no extra cost to you. Trading is high risk — most retail traders lose money. Nothing here is investment advice.