MEGA CRYPTO EXCHANGE is a non-regulated broker we advise against trading with, despite the seemingly attractive deals it offers.
The website of MEGA CRYPTO EXCHANGE is currently down, the new evidence suggesting that it is a scam. Traders should be aware that a properly functioning website is critical for a broker, as it displays essential details of the company and facilitates trading. When a website is inaccessible, it often indicates that the broker may be unreliable or facing resource-related issues. In many cases, such a situation happens when fraudulent brokers run away with investors' money. According to BrokersView's data, MEGA CRYPTO EXCHANGE failed to provide regulatory information and licensing data, which is a significant red flag for a potential scam. Furthermore, the Financial Conduct Authority (FCA) has issued a warning against MEGA CRYPTO EXCHANGE for illegally offering financial services or products. You can read the complete warning here.
Regarding your question, our advice is not to deal with MEGA CRYPTO EXCHANGE. It is an unlicensed broker that comes with huge risks including the loss of funds and identity theft. There are no safeguards in place to prevent fraud or theft. Therefore, we strongly suggest investors stay away from unlicensed brokers like MEGA CRYPTO EXCHANGE and choose fully regulated ones instead.
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