Independent rating of Forex broker Mega Trader FX

About company

Mega Trader FX is part of the Trading Point of Financial Instruments Ltd. Corporation. The company's activity is regulated by the Cyprus Securities and Exchange Commission (CySEC). In addition, Mega Trader FX operates in accordance with the Markets in Financial Instruments Directive (MiFID), which gives it the right to operate in all European countries and in many jurisdictions around the world on a cross-border basis. Clients' funds are held in European banks separately from the company's funds and cannot be used by the broker for its own purposes. The official website of the company also says the company does not have negative balances.

Trading conditions

• Forex trading (more than 70 currency pairs), metals, stock indices, and commodities
• no commission
• demo account
• multiple account types
• hedging
• Islamic account
• no negative balance
• integrated Live News feed and market analysis
• instant order execution
• no capital gains tax on foreign exchange profits
• person manager
• no initial deposit
• great variety of bonuses
• campaigns for newcomers
• scalping
• expert advisors
• automated trading
• economic calendar and glossary
• contests for traders
• 27/7 multilingual support service

Trading platform

Mega Trader FX offers its clients the MetaTrader 4 (MT4) trading platform, available on PCs, tablets, and mobile devices. MT4 is a user-friendly trading software that provides traders with all the necessary resources and tools to analyze price dynamics in the financial markets. MT4 simplifies the process of executing transactions as much as possible, as well as creating and using Expert Advisors – automated trading strategies. A special advantage of MT4 is the direct access to a wide choice of trading signals.

Support service

Mega Trader FX offers its clients 24/7 online trading and support service via telephone from Sunday to Friday. Clients can contact the support service via online chat, phone, and email. In addition, each trader can get advice from a personal account manager.

Traders’ reviews

On the Internet, there are both positive and negative reviews about Mega Trader FX. Many traders praise the broker for support for beginners, a trading platform running without interruptions and a well-coordinated work of the support service. However, there are also those who are dissatisfied with the unjustified blocking of accounts and problems with the withdrawal of funds.

Advantages:

• regulated broker
• no initial deposit
• high leverage
• МТ4
• wide range of trading instruments
• no commission
• demo account
• hedging
• Islamic account
• personal manager
• bonuses, promotions, and contests
• scalping
• expert advisors
• automated trading
• 24/7 multilingual support service

Disadvantages:

• many negative reviews
• problems with fund withdrawals