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Mega Trader FX
Operating status: SCAM
Website: https://www.megatraderforex.com/
Broker violations and abnormal records
Mega Trader FX states that its brokerage services are provided by Trading Point of Financial Instruments Limited, an investment firm regulated by the Cyprus Securities and Exchange Commission (CySEC) under license number 120/10. While this CySEC-licensed entity does exist in the official register, our verification reveals that none of the three domains officially listed under this CySEC license correspond to the Mega Trader FX platform.
Mega Trader FX’s claim of being part of or operated by Trading Point of Financial Instruments Limited is unfounded, and potentially fabricated to mislead investors into believing it benefits from CySEC oversight. Therefore, Mega Trader FX appears to be a scam.
Mega Trader FX states that its brokerage services are provided by Trading Point of Financial Instruments Limited, an investment firm regulated by the Cyprus Securities and Exchange Commission (CySEC) under license number 120/10. While this CySEC-licensed entity does exist in the official register, our verification reveals that none of the three domains officially listed under this CySEC license correspond to the Mega Trader FX platform. Mega Trader FX’s claim of being part of or operated by Trading Point of Financial Instruments Limited is unfounded, and potentially fabricated to mislead investors into believing it benefits from CySEC oversight. Therefore, Mega Trader FX appears to be a scam.
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Risk Warning:
FX trading is of high risk and may not be suitable for all investors. Leverage will create additional risks and loss. Before trading, please carefully consider your investment objectives, experience level and risk tolerance. You may lose part or all of your initial investment; do not invest money that you cannot afford. Educate yourself about the risks associated with FX trading. If you have any questions, please consult an independent financial or tax advisor. Any data and information are provided "as is" and only for information purpose, not for trading or recommendations. Past performance does not predict future results.
Disclaimer:
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