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No Regulation
Score
1.27 /10
Danger
BitMegaTraders
1-2 yearsSuspicious Regulatory License
Suspicious Scope of Business
High potential risk
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Comparison
Expose
Exposure
Open Account
Website
Score
Regulatory Index0.00
Business Index5.17
Risk Management Index0.00
Software Index4.00
License Index0.00
Open Account
Website
Licenses
No valid regulatory information, please be aware of the risk
VPS Standard
No restriction on the broker account. Support service provided by WikiFX
Single Core
1G
40G
open now
Check whenever you want
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Warning: Low score, please stay away!
Previous Detection :
2024-12-23
- It has been verified that this broker currently has no valid regulation. Please be aware of the risk!
WikiFX Verification
| BitMegaTraders Review Summary in 9 Points | |
| Company name | BitMegaTraders |
| Founded | 2009 |
| Registered country/region | The United States |
| Regulation | Unregulated |
| Trading Platforms | MT5 |
| Market Instruments | Forex, CFDs, Stocks, Commodities, Shares |
| Minimum Deposit | $500 |
| Spread | From 0.2 pips (Forex) |
| Customer Support | Phone: +13347238276 |
| Email: support@bitmegatraders.com | |
| Live Chat | |
BitMegaTraders's official website: https://bitmegatraders.com is currently inaccessible normally.
BitMegaTraders Information
BitMegaTraders is a broker established in the United States in 2009. It provides traders with access to market instruments including Forex, CFDs, Stocks, Commodities, Shares.
Pros and Cons
| Pros | Cons |
| Provide customer support | Not regulated |
| The website can't be opened now |
Is BitMegaTraders Legit?
You need to note that according to WiKiFX's investigation, BitMegaTraders is currently not regulated by any recognized financial authorities.
What Can I Trade on BitMegaTraders?
You can trade dozens of products including Forex, CFDs, Stocks, Commodities, Shares.
| Tradable Instruments | Supported |
| Forex | ✔ |
| CFDs | ✔ |
| Stocks | ✔ |
| Commodities | ✔ |
| Shares | ✔ |
Account Type
BitMegaTraders offers two different account types: Classic and Platinum. The minimum deposit for the Classic account is $500, the minimum deposit for the Platinum account is $1,000.
BitMegaTraders Fees
BitMegaTraders offers spreads as low as 0.2 pips for FX trading and starting from 0.4 pips for CFDs. In addition to spreads, BitMegaTraders also charges commissions on certain asset classes. For stock trades, the commission is $3 per trade, while for commodity trades, the commission is $1.25.
Trading Platform
BitMegaTraders uses MT5 as it's trading platform.
| Trading Platform | Supported | Available Devices | Suitable for |
| MT5 | ✔ | Web, PC, MAC, Mobile phone | Anyone |
Deposit and Withdrawal
BitMegaTraders doesn't make it clear how deposits and withdrawals will be made, nor does it explain important information such as fees and charges.
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