Mega Equity Forex broker specializes in providing foreign exchange trading services, the company's official website https://mega-equity.com/, the company's legitimate regulatory information CyprusCYSECMarket Maker (MM), to enhance the security of the company's address 42-44 Griva Digenis 1080 Nicosia, Cyprus P.O. Box 23685, 1685, Nicosia Cyprus.
Mega Equity Forex Broker
Basic information
Cyprus
2-5 years Suspicious Regulatory License Suspicious Scope of Business High potential riskCompany profile
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？
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 Equity
- Unavailable 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 Clients
| Classification | Others |
| Date | 2023-03-06 |
| Post Country | South 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 Withdraw
| Classification | Unable to Withdraw |
| Date | 2024-06-05 |
| Post Country | Singapore |
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.html
Conclusion
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.
Rating Index
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Latest Reviews
蔡依旻
Taiwan
A boy on a dating app introduced me to invest in forex, but I didn’t expect it to be a scam! I thought he was going to fall in love with me, so he taught me how to make money and even helped me deposit half of the money. Unexpectedly, the actual situation was that he deceived me into using a fraudulent platform after gaining my trust! I don’t understand what’s the benefit of him doing this! Currently $8,000 is in it!
Exposure
2024-06-05
FX6845073
Singapore
Don't approach EnclaveFx. It is regrettable that so many of us have fallen for this deception. We are simply fortunate that many cybersecurity authorities are recouping much of our losses.manipulative and seems not legit after investing thousands of dollars I couldn't withdraw my fund
Exposure
2024-06-05
FX6845073
Singapore
This scam deceived me and I reported it in February 2023. They stole millions of dollars of investors' life savings. Supposedly offering a range of services from trading to investment opportunities. However, upon closer inspection, the platform's offerings seem vague and lack transparency.
Exposure
2024-06-11