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No Regulation
Score
1.07 /10
Danger
Mega26
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Comparison
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Exposure
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Website
Score
Regulatory Index0.00
Business Index3.59
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
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Warning: Low score, please stay away!
2
Previous Detection :
2024-11-15
- It has been verified that this broker currently has no valid regulation. Please be aware of the risk!
- The current information shows that this broker does not have a trading software. Please be aware!
WikiFX Verification
Note: Mega26's official website: https://mega26.com/ is currently inaccessible normally.
| Mega26Review Summary | |
| Founded | 2024/5/2 |
| Registered Country/Region | United Kingdom |
| Regulation | Not regulated |
| Market Instruments | Cryptos, forex, indices, shares, commodities |
| Demo Account | ✅ |
| Leverage | Up to 1:500 |
| Spread | Start from 1.5 pips |
| Trading Platform | WebTrader |
| Min Deposit | $10000 |
| Customer Support | Email: support@mega26.com |
Mega26 was registered in the United Kingdom in 2024. It provides over 500 assets, including cryptos, forex, indices, shares and commodities. Besides, its leverage is up to 1:500. However, it is not regulated by any financial authorities, even BaFin exposed this firm in its recent warning.
Pros and Cons
| Pros | Cons |
| Multiple trading assets | No regulation |
| Various account types | Relatively new |
| Maximum leverage up to 1:500 | Lack of transparency |
| Demo accounts offered |
Is Mega26 Legit?
Mega26 is not regulated by the Financial Conduct Authority (FCA) in the United Kingdom. Moreover, the German BaFin also exposes Mega26 in its recent warning. Mega26 is not supervised by any authorities. Traders should be cautious when trading.
What Can I Trade on Mega26?
Over 500 assets are provided by Mega26 for trading.
| Tradable Instruments | Supported |
| Cryptos | ✔ |
| Forex | ✔ |
| Indices | ✔ |
| Shares | ✔ |
| Commodities | ✔ |
| Options | ❌ |
| ETFs | ❌ |
Account Type
Mega26 offers four account types: Standard, Silver, Gold and VIP. Demo accounts are also offered.
| Account Type | Minimum Deposit |
| Standard | $10000 |
| Silver | $25000 |
| Gold | $50000 |
| VIP | $100000 |
Leverage
Mega26's leverage also varies depending on the different account types. Thestandard account is 1:200, Silver is 1:300, Gold is 1:400, and the maximum leverage of VIP account is 1:500. But high leverage not only brings high profits but risks.
Spreads
Mega26 spread starts at 1.5 pips on the Standard and Silver account. The Gold account's spread is from 0.8 pips. And the VIP is from 0.0 pips.
Trading Platform
| Trading Platform | Supported | Available Devices | Suitable for |
| WebTrader | ✔ | Desktop | Experienced traders |
Customer Service
| Contact Options | Details |
| Phone | ❌ |
| support@mega26.com | |
| Support Ticket System | ❌ |
| Online Chat | ❌ |
| Social Media | ❌ |
| Supported Language | English |
| Website Language | ❌ |
| Physical Address | ❌ |
The Bottom Line
To sum up, Mega26 provides various account types and over 500 trading assets for traders to choose. However, the absence of regulation and customer support methods also brings many potential risks, like legal risks and fund risks. Traders should consider all factors.
FAQs
Is Mega26 safe?
No. It is not supervised by any financial authorities.
Is Mega26 good for beginners?
No. Safety is the most important factor for beginners, and it is not regulated.
Is Mega26 good for day trading?
No. It hides its fees and commissions.
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