ANSWER Mega Markets claims to be authorized in various jurisdictions around the world and is a reputable Forex & CFDs online broker, but does not state specifically in which countries or regulatory bodies the license is held.Besides, Mega Markets shows its company address is in the United Kingdom. As per the United Kingdom law, all firms and individuals offering, promoting, or selling financial services or products in the UK have to be authorized or registered by the UK Financial Conduct Authority (FCA). However, we did not find any match results to this broke in FCA.More importantly, the Belgium Financial Services and Markets Authority (FSMA) warned that Mega Markets is a fraudulent online trading platform operating in the Belgian market. You can check the full warning from here.The truth is, Mega Markets is not overseen by any regulators. That means your personal data or your funds in this broker are unsafe and cannot be protected by any law. We would recommend traders stay away from unregulated brokers like Mega Markets and trade with licensed brokers.
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