The phone is well-placed in the plastic tray and does not fall out so easily. That is of course if you want to find out the phone, something fumbling. Slightly press the tabs at the bottom corners (with a fingernail) to the side, then you can simply remove the phone.
The disadvantages of the most magnetic closures also occur here: a) Partial confusion of the iPhone compass (occurs sporadically) and b) Killer of magnetic hotel access cards (if both are kept close to each other). But I can certainly live.
Overall a very good price / performance ratio.