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Mega Trader FX

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Operating status: SCAM

Website: https://www.megatraderforex.com/

Broker violations and abnormal records
  • 2025-11-27 BrokersView has found that Mega Trader FX appears to be a scam

    Mega Trader FX states that its 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. While this CySEC-licensed entity does exist in the official register, our verification reveals that none of the three domains officially listed under this CySEC license correspond to the Mega Trader FX platform.  

    Mega Trader FX’s claim of being part of or operated by Trading Point of Financial Instruments Limited is unfounded, and potentially fabricated to mislead investors into believing it benefits from CySEC oversight. Therefore, Mega Trader FX appears to be a scam.

    Mega Trader FX states that its 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. While this CySEC-licensed entity does exist in the official register, our verification reveals that none of the three domains officially listed under this CySEC license correspond to the Mega Trader FX platform. Mega Trader FX’s claim of being part of or operated by Trading Point of Financial Instruments Limited is unfounded, and potentially fabricated to mislead investors into believing it benefits from CySEC oversight. Therefore, Mega Trader FX appears to be a scam.

Related Complaints

Q&A

Is Mega Trader FX an old trading platform?

Ellis Carr
Greece
2025-11-28
ANSWER Dear Investor, Mega Trader FX claims to have been operating since 2012, and indeed, its website was registered in 2011. However, longevity alone does not imply regulatory compliance or legitimacy. The platform states that its 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. While this CySEC-licensed entity does exist in the official register, our verification reveals a critical discrepancy: none of the three domains officially listed under this CySEC license correspond to the Mega Trader FX platform. This strongly suggests that Mega Trader FX’s claim of being part of or operated by Trading Point of Financial Instruments Limited is unfounded, and potentially fabricated to mislead investors into believing it benefits from CySEC oversight. In reality, Mega Trader FX itself holds no verifiable regulatory license, and there is no credible evidence linking it to a legitimate regulated broker. Given these serious concerns and the high risk of deception, we strongly advise you to avoid any trading or financial engagement with Mega Trader FX.
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Risk Warning

FX trading is of high risk and may not be suitable for all investors. Leverage will create additional risks and loss. Before trading, please carefully consider your investment objectives, experience level and risk tolerance. You may lose part or all of your initial investment; do not invest money that you cannot afford. Educate yourself about the risks associated with FX trading. If you have any questions, please consult an independent financial or tax advisor. Any data and information are provided "as is" and only for information purpose, not for trading or recommendations. Past performance does not predict future results.

Disclaimer

The data contained in this website may not be real-time and accurate. The data and prices on this site are not necessarily provided by the market or exchange, but may be provided by market makers, so prices may be inaccurate and differ from actual market prices. Namely, this price is indicative price only to reflect market trend, and is unfavorable for trading purpose. The provider of the data contained in the Website shall not be liable for any loss incurred by you as a result of your trading activities or reliance on the information contained in the Website.