How we sourced this. Magnum figures on this page were fetched directly from its official documentation as of 2026-08-26, at high confidence throughout — chains were confirmed via two independent docs pages plus a third page corroborating the same list for fee purposes, and referral percentages, the trading fee, and the copy-trading mechanism are verbatim-quoted from primary sources rather than triangulated from third-party summaries. Primary source: https://docs.magnum.trade/. One phrase in Magnum's own wallet documentation — “shared wallets for all the trading” — is quoted below but not interpreted, because we could not find it defined anywhere in the docs we retrieved. Anything else we could not establish is marked Not published and is not scored against Magnum. Terminals change fees and features often — verify against the vendor before you act on a number here.
Custody: what actually holds your key
“Non-custodial” is the most abused word in this category. The question worth asking is narrower and answerable: which machine generates your private key, and which machine is holding it right now?
GDEX Pro uses an exportable MPC threshold key via Web3Auth: the key is split across multiple nodes and you can export it at any time. No single party, GDEX included, ever holds the whole key.
Magnum is direct about the mechanics in its own documentation. On wallet creation, “it will show you the backup details like the Private Key and Recovery Phrase of the wallet” — the platform generates the wallet and hands you the key. At rest, “all the keys are stored with 256 bit double encryption,” and export is explicitly supported: “you can export wallet from Magnum to any other compatible Ethereum wallets like Metamask or Rainbow Wallet.” That's a bot-generated, encrypted, exportable key — a materially different mechanism from an MPC split, and closer to how several other Telegram-native competitors handle wallets than to GDEX Pro's approach. One phrase we cannot explain: the same documentation also states “Magnum uses shared wallets for all the trading so user funds are never stuck with the platform.” We read the dedicated Wallets page directly looking for a definition of “shared” in this context and did not find one. Rather than guess whether that means something about pooled infrastructure or is simply loose phrasing, we're quoting it and leaving it unresolved.
| Question | GDEX Pro | Magnum |
|---|---|---|
| Who generates the key? | Split across nodes at sign-in; never whole in one place | The platform, on wallet creation — key and recovery phrase are shown to you |
| Can you export it? | Yes, at any time | Yes — to MetaMask, Rainbow, or other compatible wallets |
| Mechanism | MPC threshold key (exportable) | Bot-generated key, 256-bit encrypted at rest, exportable |
Chains
Magnum supports 6 chains, confirmed identically across two separate docs pages: Ethereum and Solana with full private-transaction support, and Binance Smart Chain, Avalanche, Blast L2, and Base with private-router-only support — a real functionality tier Magnum's own docs draw, not one we're imposing. GDEX Pro supports 9 chains from one interface: Solana, Ethereum, Base, BNB, Arbitrum, Optimism, SUI, Sonic, Berachain.
Copy trading: wallet tracking, not AI agents
Magnum's Copy Trading documentation describes the feature directly: “Follow the steps of the master traders out there! Magnum will copy trades from their wallets.” Setup requires “the address that you want to follow and copy the trades from,” and the source “must be an Address and not a Contract.” You configure a copy scale, trade-type filters, and other rule-based parameters — this is wallet-address tracking, the same pattern used by most Telegram-native trading bots, not autonomous decision-making. GDEX Pro's AI agent slots work differently: you pick a risk preset and the agent analyzes on-chain data itself, without needing you to identify a wallet to follow first.
Referrals
Magnum's Referral Rewards documentation states plainly: the referrer earns “a whooping 25% of Magnum's commission out of every trade” made by someone they referred, and separately, a referred user gets “5% off of your commissions” — a discount for the referred person, not a second referral tier. No multi-level structure is documented past that. Payouts are claimable weekly, with a minimum of 0.1 ETH or equivalent — a notably higher floor than the 0.01 ETH/SOL minimums several competitors publish, worth factoring in if you're a smaller referrer weighing how accessible the payout actually is. GDEX Pro pays 30% on direct referrals plus a further 10% on referrals of referrals, a two-tier structure that keeps paying as a referred network grows, which Magnum's single-tier program does not have.
| Tier | GDEX Pro | Magnum |
|---|---|---|
| Level 1 (direct referrals) | 30% | 25% |
| Level 2 (referrals of referrals) | 10% | ✗ Not described in the docs |
| Published structure | 2-tier: 30% + 10% | 1-tier: 25%, plus a separate 5% discount for the referred user |
| Withdrawal minimum | Not stated here | 0.1 ETH or equivalent, claimable weekly |
Full comparison table
| Feature | GDEX Pro | Magnum |
|---|---|---|
| Custody mechanism | MPC threshold key (exportable) | Bot-generated, encrypted, exportable key |
| Sign-in | Google / Apple (Web3Auth) | Web app, mobile app, or Telegram bot |
| Chains | 9 chains | 6 chains (2 with full support, 4 private-router-only) |
| Apple Pay on-ramp | ✓ | ✗ Not mentioned in official docs |
| Perpetuals | HyperLiquid | ✗ Not mentioned anywhere in the docs we reviewed |
| AI agent slots | 5 agent slots | ✗ Wallet-address tracking copy trade only, not AI agents |
| Referral programme | 2-tier: 30% + 10% | 1-tier: 25% |
| Trading fee | Not stated here — see gdex.pro | 1% flat across sniping, copy trading, and manual buy/sell |
We could not source Magnum's position on perpetual futures or a fiat/Apple Pay on-ramp anywhere in the documentation we reviewed, including a site-restricted search that returned zero results for either topic — that reads as absence in the indexed docs, not just an incomplete search, though we still mark it “Not published” rather than a hard claim of non-existence. Magnum also runs token-economics products — $MAG tokenomics, an “On-Chain Mutual Funds Program,” and a “Hold to Earn” revenue-share program — that are investment products rather than trading features, so they're outside the scope of this table.
Frequently asked questions
Is Magnum self-custodial? Where does my private key go?
Magnum's own documentation confirms the platform generates your wallet and shows you the private key and recovery phrase on creation, encrypts the key at rest with 256-bit encryption, and lets you export it to MetaMask or Rainbow Wallet at any time. That is a bot-generated, encrypted, exportable key — the same mechanism class as several other Telegram-native competitors — not GDEX Pro's MPC threshold split, where the key is never whole in one place to begin with. One phrase in Magnum's docs, “shared wallets for all the trading,” is not defined anywhere we could find; we quote it rather than guess what it means.
What chains does Magnum support compared to GDEX Pro?
Magnum supports 6 chains per its own documentation, confirmed across two separate docs pages: Ethereum and Solana with full private-transaction support, plus BSC, Avalanche, Blast, and Base with private-router-only support. GDEX Pro supports 9 chains from one interface: Solana, Ethereum, Base, BNB, Arbitrum, Optimism, SUI, Sonic, Berachain.
Does Magnum support perpetual futures?
Not mentioned anywhere in the official documentation we reviewed, including a site-restricted search that returned zero results for perpetuals-related terms. Magnum's feature set is manual buy/sell, sniping, copy trading, and separate token-economics products. GDEX Pro supports perpetuals via HyperLiquid.
What does Magnum's referral program actually pay?
Per Magnum's own documentation, verbatim: the referrer earns 25% of Magnum's commission on every trade made by someone they referred, and the referred user separately gets a 5% discount on their own trading and bot commissions. That is single-tier — no second level is documented. Claimable weekly with a 0.1 ETH minimum, a higher withdrawal floor than several competitors' 0.01 ETH/SOL minimums. GDEX Pro pays 30% on direct referrals plus a further 10% on referrals of referrals, a two-tier structure Magnum's program does not have.
Does Magnum's copy trading use AI agents?
No. Magnum's own documentation describes the feature as following a specific wallet address you choose: “Magnum will copy trades from their wallets,” with the source required to be a wallet address, not a contract. There is no autonomous AI decision-making described. GDEX Pro's AI agent slots analyze on-chain data and trade using configurable risk presets, without you needing to identify a wallet to follow.
How current are these figures?
Compiled directly from Magnum's official documentation as of 2026-08-26, at high confidence throughout — chains were confirmed by two independent docs pages plus a third corroborating page for fee purposes, referral percentages and the trading fee (1% flat, identical across sniping, copy trading and manual trading) are verbatim-quoted from primary docs, and the copy-trading mechanism is quoted directly. Source: https://docs.magnum.trade/. Trading terminals change fees and features frequently — check the vendor's own documentation before acting on any figure here.
Verdict
Magnum is a broader platform than a single-purpose sniper bot — six chains, a documented fee schedule that's identical and transparent across every trading mode, and a referral program with plainly-stated math. It also layers on token-economics products (a mutual-funds-style program, a hold-to-earn revenue share) that go beyond straightforward trading, which is worth knowing whether you see it as a plus or a distraction. Its custody model is a bot-generated, encrypted, exportable key — documented far more clearly than some Telegram-native competitors we've reviewed, with one loose phrase (“shared wallets”) we could not pin down and are not going to interpret for you.
GDEX Pro's case is narrow and checkable: an exportable MPC threshold key, so no single party ever holds your whole key; 9 chains from one interface, not six with a two-tier support split; AI agent slots that don't require you to find a wallet to mirror; and a two-tier referral structure that keeps paying past the first level, against Magnum's flat 25%. We have not printed our own trading fee here, because it is not in our source-of-truth file — check gdex.pro for the current schedule rather than taking a number from us.
MPC threshold key (exportable). Google / Apple (Web3Auth) sign-in. Start in under 3 minutes.