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Global Broker governance & inquiry App
Suspicious Clone
Score
0123456789
.
0123456789
0123456789
/10
MTFX
United Kingdom|5-10 years| Suspicious Regulatory License|Suspicious Scope of Business|High potential risk|
http://www.megatraderforex.com
Website
Rating Index
Contact
support@megatraderfx.com
http://www.megatraderforex.com
https://www.facebook.com/pages/Mega-Trader-FX/141621459238090
https://twitter.com/MegaTraderFX
Licenses
VPS Standard
No restriction on the broker account. Support service provided by WikiFX
Single Core
1G
40G
Open Now
Broker Information
More
Company Name
Mega Trader FX Ltd.
Company Abbreviation
MTFX
Platform registered country and region
United Kingdom
Company website
Twitter
Facebook
Pyramid scheme complaint
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Warning: Low score, please stay away!
3
Previous Detection :
2023-12-11
- It has been verified that this broker currently has no valid regulation. Please be aware of the risk!
- The CyprusCYSEC regulation (license number: 120/10) claimed by this broker is suspected to be clone. Please be aware of the risk!
WikiFX Verification
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MTFX · Company Summary
General Information & Regulation
MTFX, owned by Mega Trader FX Ltd., is a Forex corporation with its conditions truly ensure that each client receives a decent trading environment and ongoing achievement of the targets, besides, the corporation was registered in the United Kingdom, however, the broker does not provide any offices location info as well as the regulation details.
Market Instruments
Clients are allowed to trade more than 70 currency instruments and CFDs including Gold, Oil, Stocks, and Indices.
Accounts & Leverage
MTFX has set up 3 kinds of flexible trading accounts types for investors including Executive Account, Standard Account, as well as Micro Account, for the Micro Account, there is no minimum deposit, and for the other accounts, the minimum amounts are 3,000 USD, and 100,000 USD, moreover, the leverage is capped at 1:500.
Spreads & Commissions
Concerning the spread, for the main currencies, the spread is as low as 1 pip. Mega Trader FX does not charge any commissions or other hidden fees on your trades.
Trading Platform
MTFX provides a trading terminal option of MetaTrader 4(MT4), which is an industry-recognized platform available for free download to PC desktops (Windows/macOS) and mobile devices (Android/iOS).
Deposit & Withdrawal
MTFX has provided support for a wide array of payment methods including Credit/Debit cards such as Visa, Visa ElectronMas, Mastercard, Maestro, Switch, and Solo, as well as Wire Transfer.
Customer Support
The 24/5 customer support team is ready to provide the assistance clients may need, if so desired, please e-mail at support@megatraderfx.com.
Risk Warning
Trading in leveraged financial instruments carries a high level of risk, including the risk of losing your entire invested capital, and may not be suitable for all investors. The high leverage and volatility of such instruments can work against you as well as for you. Before you decide to trade, you should carefully consider your investment objectives, level of experience, and risk appetite. Wherever in doubt, you should consult and receive advice from independent experts, including legal, tax, and financial advisers.
