Mega Equity Forex Broker

Note: Mega Equity's official website: https://mega-equity.com/ is currently inaccessible normally.Mega Equity Information Founded in 1999, Mega Equity is a brokerage company with a suspicious clone license registered in Cyprus. Through research, we found that the current status of the domain of its website seems to be not registered, so we can't tell whether the company has already closed or not.Is Mega Equity Legit？Cyprus Securities and Exchange Commission (CySEC)Current StatusSuspicious CloneRegulated by CyprusLicense TypeMarket Making(MM)License No.011/03Licensed InstitutionMega Equity Securities And Financial Services Public Ltd Mega Equity claims to be regulated by the Cyprus Securities and Exchange Commission (CySEC) in Cyprus. However, Mega Equity's current status is “Suspicious Clone”. This means their license may be fake. The funds of their clients may not be protected by any laws, thus, we advise traders to look for a regulated one.Downsides of Mega EquityUnavailable Website Mega Equity's official website is currently inaccessible. We can not get first-hand information from its website.Lack of Transparency We can not find any useful information about Mega Equity online. Its safety and legitimacy cannot be verified.Regulatory Concerns Mega Equity currently only holds a suspicious clone license. Its safety and legitimacy are doubtful..Withdrawal Difficulty According to an exposure on WikiFX, a user encountered difficulties with fund withdrawals.Not Accepting UK Clients According to an exposure on WikiFX, a user complained that the company did not accept UK clients. All applications for live accounts have declined.Negative Mega Equity Reviews on WikiFX On WikiFX, “Exposure” is posted as a word of mouth received from users. Traders are encouraged to review information and assess risks before trading on unregulated platforms. Please consult our platform for related details. Report fraudulent brokers in our Exposure section and our team will work to resolve any issues you encounter. As of now, there are 7 pieces of Mega Equity exposure in total. I will briefly introduce 2 of them. Exposure 1. Not Accepting UK ClientsClassificationOthersDate2023-03-06Post CountrySouth Africa The user said that he was unable to withdraw, and it was still pending after a week. You may visit: https://www.wikifx.com/en/comments/detail/Co202303061781277021.html Exposure 2. Cannot WithdrawClassificationUnable to WithdrawDate2024-06-05Post CountrySingapore The user said that after investing thousands of dollars he couldn't withdraw his fund. You may visit: https://www.wikifx.com/en/comments/detail/202406048802368121.htmlConclusion Trading with Mega Equity means facing great security risks. Their “suspicious clone” license shows unsafe. Many users are cheated. To ensure the safety of your funds, we suggest that traders choose regulated brokers with transparent operations.