On May 12, 2023, the Financial Conduct Authority (FCA) issued a warning against MEGA CRYPTO EXCHANGE, believing this broker might be providing financial services or products in the UK without authorization: https://www.fca.org.uk/news/warnings/mega-crypto-exchange

MEGA CRYPTO EXCHANGE claims to be located in the UK and marks itself as a globally licensed and regulated broker, but fails to provide its regulatory and licensing data. This is the most significant scam indicator as legitimate brokers typically display such information prominently to instill trust and transparency. In addition, the Financial Conduct Authority (FCA) has issued a warning against this broker for offering financial products or services without proper authorization.

In essence, MEGA CRYPTO EXCHANGE is not regulated by any governing body. Entrusting this broker with investors' funds is highly risky, as there are no legal protections in place to safeguard the funds. It is unequivocally a scam.

On May 16, 2023, we noticed that the website of MEGA CRYPTO EXCHANGE https://www.megacryptoexchange.online/ is no longer available, which is a strong indication that it may be a scam as a properly functioning website is crucial for a broker to display important information about the company and facilitate trading. When a website is inaccessible, it often suggests that the broker may be unreliable or facing resource-related issues. Please be aware of the risks involved and avoid dealing with MEGA CRYPTO EXCHANGE.