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MEGA TRADING FX -

Score

1.40 /10
Danger

MEGA TRADING FX

United States

2-5 years

Suspicious Regulatory License

Suspicious Scope of Business

High potential risk

https://megatradingfx.com

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Score

Regulatory Index0.00

Business Index6.14

Risk Management Index0.00

Software Index4.00

License Index0.00

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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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Broker Information

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Company Name

MEGA TRADING FX

Company Abbreviation

MEGA TRADING FX

Platform registered country and region

United States

Company website

Company summary

Pyramid scheme complaint

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Warning: Low score, please stay away! 2
Previous Detection : 2024-09-21
  • 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

MEGA TRADING FX · Company summary
Basic Information
Registered Countries United States
Regulation No License
Company Name MEGA TRADING FX
Minimum Deposit $300
Maximum Leverage N/A
Minimum Spread N/A
Trading Platform Proprietary Trading Platform
Trading Assets FX Pairs/Metals/CFDs/ Cryptocurrencies
Payment Methods Bank Transfer, VISA, MasterCard, Bitcoin
Customer Support Telephone: +1 (201)9955740Email: support@megatradingfx.com

General Information

MEGA TRADING FX appears to be an online forex broker which was not established long, with an operating time of less than one year. Since its official website cannot be opened for now, we were struggle in getting a comprehensive picture of this broker.

When it comes to regulation, MEGA TRADING FX, disappointingly, does not hold any license to support its operation, and thats why WikiFX has given it a very low score of 1.23/10.

wikiscore

Account Types

MEGA TRADING FX appears to offer three types of trading accounts, namely Bronze, Silver, and Gold accounts. The minimum deposit specifies trading accounts. An initial deposit of $300, for instance, will send you to Bronze accounts. The Silver and Gold accounts asks for minimum deposits of $1500 and $2800, respectively. More account details are not disclosed.

Leverage

Trading leverage cannot be found anywhere, but many regulatory bodies, however, have established the following regulation regarding leverage: the maximum leverage for major currencies up to 1:30 in Europe and Australia, and 1:50 in the United States and Canada.

Since leverage can amplify both gains and losses, it can result in devastating losses for investors who lack experience. If you're just starting out in the trading world, it's best to stick with the lower size, no more than a 1:10.

Customer Support

If you have any inquiries or trading-related issues, you can reach this broker through the following contact channels:

Telephone: +1 (201)9955740

Email: support@megatradingfx.com

Risk Warning

Trading leveraged products such as forex, cryptocurrencies and derivatives may not be suitable for all investors as they carry a high degree of risk to your capital. Please ensure that your fully understand the risks involved, taking into account your investments objectives and level of experience.

The information presented in this article is intended solely for reference purposes.

Pros & Cons

Pros Cons
None No regulation
Insufficient company information
Poor customer support

Frequently Asked Questions

What trading instruments can I trade with on MEGA TRADING FX？

Trading instruments offered by MEGA TRADING FX is not disclosed.

What account types does MEGA TRADING FX offer？

Three types of trading accounts are available, namely Bronze, Silver, and Gold.

How Can I contact MEGA TRADING FX？

MEGA TRADING FX can be contacted though telephone and email.

User Reviews

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User comment

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Comments

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Visal
more than one year
Their customer service is on the extreme left and they don't like people making a withdrawal at all, their agenda is to steal money. If you don’t believe what I said, you can trade with them, it’s your choice.
Their customer service is on the extreme left and they don't like people making a withdrawal at all, their agenda is to steal money. If you don’t believe what I said, you can trade with them, it’s your choice.
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2023-02-27 16:43
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坚持速减
more than one year
Some time ago, I wanted to trade with this broker. I felt that the minimum deposit was very low but the spread was a bit high, so I was still hesitating, but now I suddenly found that its website cannot be opened! Horrible, am I being scammed if I put my money in it?
Some time ago, I wanted to trade with this broker. I felt that the minimum deposit was very low but the spread was a bit high, so I was still hesitating, but now I suddenly found that its website cannot be opened! Horrible, am I being scammed if I put my money in it?
Translate to English
2022-12-06 18:30
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