Score

1.53 /10
Danger

Megagrowth

Indonesia

5-10 years

Suspicious Regulatory License

Suspicious Scope of Business

High potential risk

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Score

Regulatory Index0.00

Business Index7.17

Risk Management Index0.00

Software Index4.00

License Index0.00

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Website

Licenses

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 : 2024-09-22
  • It has been verified that this broker currently has no valid regulation. Please be aware of the risk!
  • The IndonesiaBAPPEBTI regulation (license number: 1092/BAPPEBTI/SI/1/2007) claimed by this broker is suspected to be clone. Please be aware of the risk!

WikiFX Verification

Megagrowth · Company summary

Note: For some unknown reason, we cannot open Megagrowths official site (http://www.megagrowth.id/id/home) while writing this introduction, therefore, we could only gather relevant information from the Internet to present a rough picture of this broker. Traders should be careful about this issue.

General Information & Regulation

Megagrowth, a trading name of PT. Megagrowth Futures, is allegedly a forex broker registered in Indonesia. As this brokerage's website cannot be accessed, we were unable to obtain further details about its trading assets, leverage, spreads, trading platforms, minimum deposit, etc.

As for regulation, it has been verified that Megagrowth is regulated by Indonesia and licensed by Badan Pengawas Perdagangan Berjangka Komoditi Kementerian Perdagangan with a Retail Forex License. That is why its regulatory status on WikiFX is listed as “Regulated” and it receives a relatively high score of 5.78/10.

General Information & Regulation
General Information & Regulation

Field Survey

After the field survey, WikiFX survey team found a directory with the nameplate of Megagrowth on the 28th floor. However, due to COVID-19, the surveyors were unable to enter or photograph. In the end, the surveyors could not determine the exact size of the office and the operation status. Please be prudent when trading with this broker.

Field Survey

Customer Support

Megagrowths customer support can be reached by telephone: 021-30020255. Company address: AXA Tower Kuningan City Lantai 38, Jl. Prof. Dr. Satrio Kav. 18 SETIA BUDI SETIA BUDI JAKARTA SELATAN DKI JAKARTA 12940.

Risk Warning

Online trading involves a significant level of risk and you may lose all of your invested capital. It is not suitable for all traders or investors. Please ensure that you understand the risks involved and note that the information contained in this article is for general information purposes only.

User Reviews

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涛哥33986
more than one year
¿Por qué no se puede abrir el sitio web del broker, se ha fugado el dinero? Realmente hay muchos estafadores en la industria de divisas.
¿Por qué no se puede abrir el sitio web del broker, se ha fugado el dinero? Realmente hay muchos estafadores en la industria de divisas.
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2022-11-25 17:29
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FX1041474169
more than one year
This broker seems to be a suspicious clone and their website is currently inaccessible. Please be careful and stay away from these unregulated brokers! You had better to choose those with legitimate regulations.
This broker seems to be a suspicious clone and their website is currently inaccessible. Please be careful and stay away from these unregulated brokers! You had better to choose those with legitimate regulations.
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2022-11-22 18:46
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