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Mega Rich Group

Hong Kong|2-5 years|
White label MT4|Regional Brokers|High potential risk|

https://www.megarichgroup.com/

Website

Rating Index

MT4/5 Identification

MT4/5 Identification

White Label

14
Server Name
MegaRichGroup-Demo MT4
Server Location China

Contact

+852 39599099
cs@megarichhk.com
https://www.megarichgroup.com/
香港九龙尖沙咀亚士厘道 9-11号顺丰大厦10楼及16楼全层

Licenses

No valid regulatory information, please be aware of the risk!

VPS Standard
No restriction on the broker account. Support service provided by WikiFX

Single Core

1G

40G

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Contact number

Chinese (Simplified)

+852 39599099

Broker Information

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Company Name

Mega Rich Group Limited.

Company Abbreviation

Mega Rich Group

Platform registered country and region

Hong Kong

Company website

Pyramid scheme complaint

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Warning: Low score, please stay away!
Previous Detection : 2024-06-24
  • It has been verified that this broker currently has no valid regulation. Please be aware of the risk!

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Mega Rich Group · WikiFX Survey

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Mega Rich Group · Company Summary

Mega Rich Group Basic Information
Company Name Mega Rich Group
Founded 2013
Headquarters Hong Kong
Regulations Unregulated
Products and Services Precious Metal Agency Cooperation, Gold and Silver Investments, Insurance Agency Partnerships
Trading Platforms MetaTrader 4 (MT4) - PC, Web, iOS, Android
Customer Support Monday to Friday, 10:00 AM to 9:00 PM; Online Chat, Phone: +852 3959 9099, Email: info@megarichhk.com, Office Address: 9-11 Austin Avenue, Shun Feng Tower, 10th and 16th Floors, Hong Kong
Education Resources Economic Calendar, Daily Gold Analysis, Market News, Video Zone
Bonus Lucrative Bonus Program - Standard $35 per lot traded, Achievements Commission based on cumulative trading volumes (e.g., $1 per lot for 100 lots)

Overview of Mega Rich Group

Mega Rich Group, founded in 2013 and headquartered in Hong Kong, positions itself as a financial services provider with a focus on precious metals and insurance-related products. Operating as an unregulated broker, the company offers a range of services to individuals and entities seeking diverse avenues for wealth management. At the core of Mega Rich Group's offerings is its emphasis on precious metals, including gold and silver investments, facilitated through agency cooperation for trading and investment activities. This allows clients to engage in the dynamic and lucrative precious metals market, either through physical asset acquisition or financial instruments linked to the value of these metals.

In addition to its precious metal focus, Mega Rich Group extends its services into the insurance sector through agency partnerships, offering clients opportunities for insurance brokerage and advisory services. The company positions itself as a comprehensive financial partner, aiming to empower clients to explore various avenues within the insurance domain, leveraging Mega Rich Group's financial expertise. The unregulated status of Mega Rich Group raises considerations about regulatory oversight, highlighting the importance for potential clients to carefully evaluate the associated risks before engaging in financial transactions with the firm.

 Mega Rich Group

Is Mega Rich Group Legit?

Mega Rich Group is not regulated by any recognized financial regulatory authority. As an unregulated broker, it operates without oversight from regulatory bodies that are responsible for ensuring compliance with industry standards and protecting the interests of traders. This lack of regulation raises concerns about the safety and security of funds, as well as the transparency of the broker's business practices.

Trading with an unregulated broker like Mega Rich Group carries inherent risks. Without regulatory supervision, there may be limited avenues for dispute resolution, and traders may face challenges in seeking recourse in case of any issues or disputes. Additionally, unregulated brokers may not be subject to stringent financial and operational standards, potentially leading to inadequate client fund protection and unfair trading practices.

 Legit

Pros and Cons

Mega Rich Group presents a set of advantages and challenges that prospective clients should carefully consider. On the positive side, the company offers a diverse range of financial products, providing clients with various options for wealth management. Additionally, Mega Rich Group creates opportunities for individuals interested in precious metal investments, facilitating partnerships, and offering avenues for gold and silver investments. The extensive bonus program, especially for agents, is a noteworthy incentive, providing commission rebates and additional earnings based on cumulative trading volumes.

However, it's important to note the potential drawbacks associated with Mega Rich Group. The company operates without regulatory oversight, posing a risk due to the lack of a recognized financial regulatory authority. This absence of regulatory scrutiny may result in limited transparency, raising concerns about the safety of funds and fair business practices. Clients should be aware of the potential risks inherent in dealing with an unregulated broker, emphasizing the need for thorough due diligence and careful consideration before engaging in financial transactions with Mega Rich Group.

Pros Cons
  • Diverse range of financial products
  • Lack of regulatory oversight
  • Opportunities for precious metal investments
  • Limited transparency due to unregulated status
  • Extensive bonus program for agents
  • Potential risks associated with an unregulated broker

Products and Services

The Mega Rich Group offers a diverse range of financial products and services, primarily centered around precious metals and insurance. Their portfolio includes:

1. Precious Metal Agency Cooperation:

The Mega Rich Group facilitates partnerships for individuals and entities interested in precious metals. Acting as intermediaries, they provide a platform for collaborative ventures related to the trading and investment of precious metals, offering opportunities for clients to participate in the dynamic precious metals market.

2. Gold and Silver Investments:

Specializing in gold and silver investments, the Mega Rich Group provides avenues for individuals to invest in these precious metals. This can involve the acquisition of physical gold and silver assets or engagement in financial instruments linked to the value of these metals. By offering investment opportunities, clients can potentially benefit from the intrinsic value of gold and silver as well as their role in hedging against economic uncertainties.

3. Insurance Agency Partnerships:

The Mega Rich Group extends its services to the insurance sector through agency partnerships. This collaborative effort may encompass insurance brokerage and advisory services. By facilitating insurance agency cooperation, the Mega Rich Group empowers clients to explore and engage in various insurance-related activities, leveraging their financial expertise in this domain.

In summary, Mega Rich Group's offerings revolve around precious metals, investment opportunities, and insurance, providing a comprehensive suite of financial products and services for individuals and entities seeking diverse avenues for wealth management and financial growth.

Services

How to Open an Account?

Opening an account with Mega Rich Group to become a wealth creation agent is a simple process:

1. Access the Form:

Visit Mega Rich Group's official website to find the application form.

Open-Account

2. Fill in Details:

Complete the form by providing your name, title, contact number (including the country code for China mainland), QQ number, WeChat ID, and email. Verify your details through SMS if required.

Open an Account

3. Submit:

After filling out the form, submit it to express your interest in becoming a Mega Rich Group agent.

4. Verification:

Mega Rich Group's team will review your application, possibly contacting you for verification or additional information.

5. Communication:

Expect direct communication from Mega Rich Group, where any questions or concerns can be addressed, ensuring a smooth account opening experience.

This straightforward process allows individuals to easily apply and kickstart their journey as Mega Rich Group agents.

Trading Platforms

Mega Rich Group offers the widely recognized MT4 (MetaTrader 4) trading platform, a versatile and internationally acclaimed tool for traders. The MT4 platform is utilized by over 300 brokers and banks worldwide, highlighting its global acceptance and reliability. Traders can access the platform through various mediums, ensuring flexibility and convenience.

The PC version of the MT4 platform allows users to download and install the software on their desktop or laptop, providing a comprehensive and feature-rich trading experience. Additionally, Mega Rich Group offers a web-based version of MT4, enabling traders to access their accounts and execute trades directly through web browsers, eliminating the need for software installation.

For users who prefer mobile trading, Mega Rich Group supports the MT4 platform on both iOS and Android devices. The mobile versions empower traders to stay connected to the markets, monitor their portfolios, and execute trades on the go. Whether on a desktop computer, through a web browser, or on a mobile device, Mega Rich Group's use of the MT4 trading platform ensures a seamless and accessible trading experience for its users.

Trading-Platforms

Customer Support

Mega Rich Group is committed to providing responsive and comprehensive customer support services to assist its users. The customer support team is available from Monday to Friday, operating between 10:00 AM and 9:00 PM to address inquiries and concerns promptly. Users have the option to engage in real-time online chat for immediate assistance.

For more personalized support, users can reach Mega Rich Group's customer support through phone contact at +852 3959 9099. Additionally, general inquiries and communication can be directed to the email address info@megarichhk.com. This multi-channel approach ensures that users have various avenues to seek assistance based on their preferences.

The physical address of Mega Rich Group's office in Hong Kong is at 9-11 Austin Avenue, Shun Feng Tower, on the 10th and 16th floors. This information provides users with transparency regarding the company's location, reinforcing Mega Rich Group's commitment to accessible and reliable customer support services.

customer-support

Educational Resources

Mega Rich Group provides a diverse range of educational resources to empower investors with market insights and knowledge. The educational offerings include:

1. Economic Calendar:

The Economic Calendar is a tool that previews daily global economic events, indicating their importance. By presenting forecasted data values and forward-looking assessments of their impact on market trends, investors can proactively understand significant economic events in the near future.

2. Daily Gold Analysis:

Curated by the wealth creation analyst team, the Daily Gold Analysis offers a comprehensive report covering both fundamental and technical aspects of the market. Summarizing market content on each trading day, investors can use this analysis to comprehend the latest market trends and make timely adjustments to their investment decisions.

3. Market News:

Mega Rich Group's Market News section is dedicated to delivering authoritative and professional market news along with in-depth industry analyses. This resource provides investors with the latest and most timely market news, helping them swiftly identify precise business information, capture market opportunities, and make informed investment decisions.

4. Video Zone:

The Video Zone serves as a visual learning platform, where the analyst team records investment skill videos. This adds a dynamic element to the learning experience, allowing investors to enhance their understanding of investment knowledge by watching live broadcasts and real-time analyses.

educational-resources

Bonus

Mega Rich Group offers a lucrative bonus program, particularly for individuals who become agents. As an agent, you can enjoy commission rebates for each trading activity. The standard commission is $35 per lot traded, providing a substantial income stream for both client and personal trades, contributing $32 in commission income for each lot traded.

In addition to the regular commission, Mega Rich Group introduces a tiered commission structure for agents, known as “达标佣金” (Achievement Commission). This system provides extra earnings based on cumulative trading volumes. For instance, reaching 100 lots accumulatively results in an additional $1 per lot, 200 lots accumulate an extra $2 per lot, and 300 lots accumulate an additional $3 per lot. This tiered approach aims to reward agents for building and maintaining active trading communities.

The bonus program emphasizes the potential for substantial returns, with the team earning $35 in commission for each lot traded. The more trading activity within the team, the higher the commission rebates, creating a rewarding incentive structure for agents who contribute to the growth and engagement of their trading community.

Bonus

Conclusion

In conclusion, Mega Rich Group stands as an unregulated brokerage firm offering an extensive range of financial services. While its emphasis on precious metals, insurance partnerships, and a robust bonus program could attract traders, the absence of regulatory compliance raises concerns about fund safety and operational transparency. Traders should carefully consider the potential risks associated with trading on an unregulated platform.

FAQs

Q: Is Mega Rich Group regulated by any financial authority?

A: No, Mega Rich Group operates as an unregulated broker without oversight from recognized financial regulatory authorities.

Q: What trading platform does Mega Rich Group offer?

A: Mega Rich Group utilizes the MetaTrader 4 (MT4) trading platform, available on PC, web, iOS, and Android.

Q: What educational resources does Mega Rich Group provide?

A: Mega Rich Group offers an economic calendar, daily gold analysis, market news, and a video zone as educational resources for investors.

Q: What are the trading hours and contact options for customer support?

A: Customer support operates from Monday to Friday, 10:00 AM to 9:00 PM. Users can engage in real-time online chat, contact via phone at +852 3959 9099, or email at info@megarichhk.com.

Q: What is the bonus program for Mega Rich Group agents?

A: Agents enjoy a standard $35 commission per lot traded, with additional achievements commission based on cumulative trading volumes, providing a rewarding incentive structure.

User Reviews

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dgsrg
more than one year
Mega Rich Group proved to be a dubious platform, with a questionable requirement of personal bank card deposits. Upon reporting my concerns and seeking resolution, they responded by canceling my live trading account. A cautionary note: exercise extreme caution before considering Mega Rich Group for investment.
2023-12-20 21:41
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0
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FX1367639996
more than one year
My friend in Hong Kong once recommended this company to me, but unfortunately I found out that it only provides Chinese services. I think I have no chance to trade here, my Chinese is not good enough to support me to do so.
2023-03-10 14:51
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