Abstract: The search for neutrino magnetic moments offers a valuable window into physics beyond the Standard Model. However, a common misconception arises in the interpretation of experimental results: the assumption that the so-called effective neutrino magnetic moment is a universal, experiment-independent quantity. In reality, this effective parameter depends on the specific characteristics of each experiment, including the neutrino source, flavor composition or energy spectrum. As a result, the effective magnetic moment derived from solar neutrino data differs fundamentally from that obtained in reactor or accelerator-based experiments. Treating these quantities as directly comparable can lead to misleading conclusions. In this work, we clarify the proper definition of the effective neutrino magnetic moment in various experimental contexts and discuss the implications of this misconception for global analyses and theoretical interpretations.