Reasons for Magneto’s absence from the MCU abound, as this one appears to be the most amusing. He wouldn’t be there because almost everything used in the MCU is made out of metal in some form, and Magneto has a thing for metal. He manipulates it, twists it, bends it, and can do whatever he wants with it, and it’s difficult to imagine how the Avengers would respond in the same way.
Just the name says about his abilities on the magnetic field to control it! He is powerful enough to dominate the MCU crew!
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ToggleMagneto and the MCU

They would do okay as a team in Marvel, but Magneto is in such a category by himself that he could control each of their weapons with just a blink. He is a man who has the capacity of producing a global EMP or flipping the earth’s magnetic poles backward if he so desires.
Do you honestly believe the Avengers will cause him so much trouble? Also, they haven’t even delved into his full potential in the movies yet, but they’re getting close to demonstrating just how powerful he can be when he’s marvelous and annoying.
Only Apocalypse, who was so ridiculously overpowering that it took the Phoenix ultimately appearing in the shape of Jean Grey to knock him back in any of the movies, has given him that much problem. Magneto vs. Apocalypse is a matchup that the mutants are unlikely to win, but in a confrontation with the Avengers, the Hulk would be the only one who could cause him any difficulty.
Magneto’s Abilities
Magneto effortlessly diverts Captain America’s shield, but instead of flinging it away, he takes possession of it and begins hoofing it at the Avengers, forcing them to dive and avoid. Hawkeye’s arrows are redirected back at the Avengers, and Iron Man and Sight are quickly utilized as sledgehammers to encircle them even further.
The Hulk, who wouldn’t have been embarrassed into not battling as seen in the simulation, is the only one who is unaffected by the mutation in any manner.
The Avenger Unit

Hulk would attempt all in his might to reach Magneto, who would be obliged to deal with the giant by keeping him at a respectable distance until a better solution could be found. Magneto could interrupt the electric pulses in Hulk’s brain, making the massive brute worthless in battle if he was thinking clearly.
Thor’s hammer, what about that? Add it to Magneto’s growing arsenal of weapons, all while maintaining his force field, which keeps all but the fiercest of hitters at bay eternally. And if they’re too preoccupied with evading a shield, arrows, and a magical hammer, as well as an out-of-control android and a suit of armor, they won’t be able to reach Magneto.
Why Can’t He Be The Part of the MCU?
He was not invited in the first place since he would be the centerpiece and dominate everyone. Magneto’s talents are almost boundless, making him one of Earth’s most powerful mutants. He can manipulate all types of magnetism, conjure force fields, and fire electromagnetic pulses capable of destroying electrical gadgets. All wonders on how it isn’t a part of it!