BitMegaTraders

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

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.

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.

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.