Mega Trader FX Reviews and Comments

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Good day to all! I lost $600 with Mega Trader FX broker because of the spread. During the release of news, it increases to 20pp. this was 1 month ago. And today, calmly, without news at 00-05 terminal time, the spread increased to 30pp. And 600 dollars was blown away by the wind. There was no news, as they explained to me in technical support in the first case. I traded the euroaud pair. Be careful. Money is taken away. I had read about them before, but I didn't believe until I lost $600 myself.
Bill 12 Jun 2023 Reply

This Megafx is a fraudulent scamming platform. Stay away! They asked me to deposit 3500 then want you to pay another 2000 for reflecting fees into your bank account. After waiting for withdrawals, then some account manager contacts you with an exhorbitant profit over 100k and ask that you pay another 15k to have deposits into your personal account. All the time changing accounts to deposit into. Banks advised to report, case for fraud and investigatation, accounts will be frozen, and hopefully funds reversals. Trying to help struggling people apparently! Stay far away!
Pensioner 10 May 2023 Reply

I think I also got scam. They ask me to deposit $40 and in return it will be around $500. And now my account is 100% completed and I am asking for my withdrawal. Richard is asking me for another $200 for a company currency exchange fee for me to get my widrawal. What you guys think?
Spencer 20 Jan 2023 Reply

Definitely a scam. I used my saved cryptocurrency’s to deposit and join via the website as instructed by their agent Keisha (obvious clickbait I found). After the initial transactions my account on the site showed significant amount available for withdrawal. I wanted my initial sign-up fee of 200$ and keep the rest in the account for future uses. But I couldn’t get it or anything else I asked for. What I got was solicited for more funds up to and including 3000 to withdraw what they said I had available for me. Never saw a dime of any of it. They wouldn't even refund what I had sent them minus the initial fee to join.
Ernest 17 Apr 2022 Reply

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 Oct 2020 Reply

Did they ask you for your bank user name so that they can connect it to your account too?
Hope 4 Jul 2021

Why didn’t I find these reviews this morning. I started out with $500 and my account balance went up to 17600. Then was told I need to upgrade my account for $2900. Did that now. They want $1650 for my pin to withdraw my funds.
Monica 28 Oct 2021

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 Sep 2020 Reply

What was the name of your trader? I am near in the same situation.
Louis Thibert 25 Sep 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 Sep 2020

The same thing happens to me. Did u get your money though? Or some other information what to do?
Jeetin 14 Feb 2021

I am in the same situation. My only difference is that I told them if I need to pay all those amounts upfront including taxes and transfer. They can keep the money. My investment was $2600 + $3500 for Signal and in 7 days my profit was $51000.00 then I receive an email that I need to pay $12,100 upfront to get the profits. I don't feel countable to wiring that money, if this is really right why they don't take all the expenses, taxes, and wires from the profit. Make sense. Also, we can reinvest and continue working with the company. This is more like a pyramid scam. Is my thought.
Luz 22 Jul 2021

I think this a dirty company. I lost $6200 and I told Brandi (broker) why I have to pay $12,100 just to have my profits. Now they want me to give $2000 and they can help me to get some money back. What's wrong with this picture? Are we nuts and desperately? It is true that they were promising very great profits but at what cost. I asked for my investment money back ($2600) and keep the $3500 signal software for themselves as well the profit. I learned my lesson. I do not give one more penny.
Luz 23 Jul 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 Apr 2019 Reply

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 Sep 2016 Reply

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 Sep 2016 Reply

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 Aug 2016 Reply

I can truly recommend MegaTrader. Low spreads, quick exsecution and no min deposit. plus some generous bonuses.
ladybug 11 Jan 2012 Reply

Mega Trader FX

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,...

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