Mega Trader FX – Forex Broker Rating and Review 2021

Mega Trader FXhttp://www.megatraderforex.com/
Status
Regulation Mega Trader FX brokerage services are provided by Trading Point of Financial Instruments Limited, an investment firm regulated by the Cyprus Securities and Exchange Commission (CySEC) under License Number 120/10
Trading software Meta Trader 4
Headquartered 12 Richard & Verengaria St, Araouzos Castle Court, 3rd Floor, 3042 Limassol, CyprusTel: +357 25029900

Mega Trader FX offers an online Forex trading service through the award winning MetaTrader 4 platform. With supportive trading conditions, combined with the Mega Trader FX service excellence, traders can maximize their profit on the forex market. Mega Trader FX clients can trade micro, standard, and executive forex accounts, with tight spreads and best execution policies. Scalping, hedging and expert advsiors are supported. Swap-free islamic accounts are also provided upon request.

Mega Trader FX customers enjoy the financial services of a respectable and regulated broker.  We insist on the highest standards so that our customers can be sure that they are trading through reliable and professional liquidity providers under strict official regulations.  Our Forex broker is subject to rigorous compliance terms which dictate how they handle client funds, secure financial transactions and mandate peridical financial reporting under national and international law.

Mega Trader FX brokerage services are provided by Trading Point of Financial Instruments Limited, an investment firm regulated by the Cyprus Securities and Exchange Commission (CySEC) under License Number 120/10.  Trading Point of Financial Instruments Limited is operating under the Markets in Financial Instruments Directive (MiFID) and authorized to operate in all European countries and in most other Jusrisdictions worldwide on a cross-border basis.

Mega Trader FX trading information

WWW http://www.megatraderforex.com/
Address
Headquarters 12 Richard & Verengaria St, Araouzos Castle Court, 3rd Floor, 3042 Limassol, Cyprus
Free phone +357 25029900
24 hour support
Partnership programs
Free education
1st deposit bonus
Mobile trading
24 hour trading
Digits after the dot in quotes
Minimum position size
Pip spread on majors 1-3
Spread Type
Maximum Leverage 500:1
ECN, $
Standard account, $ 1
Mini account, $ 1
Popular payment methods Credit Card, Wire Transfer, Moneybookers, Neteller
Account currencies
Available assets
Languages English
Platforms Meta Trader 4
Broker type
Regulation CySEC
Foundation

Name of my trader is Stephanie, I deposited $1000.00, she got to $10,000 and told me I had to withdraw the whole thing, but pay her 30% commission up front to get my money, I did it, she said I will get my money in 2 hours. A day later she comes back saying I have to pay taxes, I did, another $2000.00, and again I was going to get my money on two hours, a day later she is telling me to pay $300,00 for a wire transfer. I have not done so, I smell a scam. I have tried to contact the company to no avail.


Me   4 October, 2020  

I deposited $2,300 in to a megafxtrader account 4 weeks ago, and my trader worked on it for 1 week, and got the amount up to $9,855, and said sense it's my first time that I have to withdrawal all of it. and she told me I could pay her 20% after I received my money. well I went through the process to withdrawal the $9,855 and about 3 days later I get an email from megafxtrader, saying I have to pay the 20% trader commission up front, so I did I paid $2,000 and then a day later they told me I had to pay an 18.6% tax on the full withdrawal. So I did I paid $1,850 which now that's $6,150 I have invested into this process to get the $9,855. a difference of $3,705 and I was also told that rite after I paid these I would get my withdrawal immediately and this was all taken care of 2 weeks ago. and I still am sitting here with no withdrawal and I can't get the trader to contact me but like every 3 days or so and the administrators won't communicate and tell me anything for. those of you that praised megafxtrader please help me figure out who to contact to get this resolved.

Scott Burgess   23 September, 2020  

What was the name of your trader? I am near in the same situation.

Louis Thibert   25 September, 2020

It's the same with me but I started with $500 and saw a bigger picture and wound up depositing a total of $4000. tried to withdraw money and was told the same thing, that I had to pay the 20% commission out of pocket. I still haven't done it and now after reading your input, don't have faith that I'd get my money back. Anyone else having these same issues? Has anyone been able to get their money at all?? I was not told that this is the way it would work.

guest   26 September, 2020

The same thing happens to me. Did u get your money though? Or some other information what to do?

Jeetin   14 February, 2021

Just after I opened an account in Megatradefx, I found out that it is blacklisted by Financial Conduct Authority and I decided to close my account. Another reason was it has 100% negative review. And then my so called account manager tells me to deposit 3 times my original deposit to get my refund. He said it's a company policy and if I didn't do it I won't get my refund. I did a gamble and deposited and then he disappeared. After a while, this *** calls me back and says to deposit more money. Although my deposit is in Megatradefx live account, I can't withdraw. I'm 200% sure now this company is a fraud.

Amrit Subba   15 April, 2019  

You'll lose all your bonuses if you can't trade. Broker offers everything for trading. I have profitable strategy by using simple MA crossing. Most of the time my positions are closed by TP. Profits factor is 1.76 and even this simple strategy works well with Mega Trader. It's a good broker not only for getting bonuses but for real trading conditions too!

Andrea   5 September, 2016  

Don't believe this company and what they say. Broker has to provide liquidity and execution is supposed to be fast. But there is no liquidity providers probably. It takes too long to find an opposite side for my orders. In most cases I don't get that price, that I want to execute my order. It's not a big deal if you trade with market maker, but if you choose company because it offers deep liquidity and finally get much worse prices than any market maker does...Just commercial and nothing else…

Billy Palmer   1 September, 2016  

I make more money on bonuses from deposits than by trading forex through the broker. 20% on first and 10% on each next deposit. Just trade required volumes, try not to make losses and you will make money. Of course, I don't recommend this way of trading. But if you earn not knowing how to trade, you will make much more as a savvy trader just using bonus system of Mega Trader.

Dynamic_Bo   2 August, 2016  

I can truly recommend MegaTrader. Low spreads, quick exsecution and no min deposit. plus some generous bonuses.

ladybug   11 January, 2012  

All Reviews & Comments