Score
Mega Equity
Cyprus|2-5 years| https://mega-equity.com/
Website
Rating Index
Contact
Licenses
Licensed Institution：Mega Equity Securities And Financial Services Public Ltd
License No.：011/03
Single Core
1G
40G
1M*ADSL
- It has been verified that this broker currently has no valid regulation. Please be aware of the risk!
Basic information
Cyprus
2-5 years Suspicious Regulatory License Suspicious Scope of Business High potential riskUsers who viewed Mega Equity also viewed..
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Website
mega-equity.com
Server Location
United States
Website Domain Name
mega-equity.com
Server IP
172.67.147.179
Company Summary
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 Status | Suspicious Clone |
| Regulated by | Cyprus |
| License Type | Market Making(MM) |
| License No. | 011/03 |
| Licensed Institution | Mega 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 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.
Keywords
- 2-5 years
- Suspicious Regulatory License
- Suspicious Scope of Business
- High potential risk
Review 6
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Review 6
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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
06-11
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
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
06-05
FX2484559569
Taiwan
I was informed that QSNB could not log in, download TrjitfvBe, and click on the withdraw after logging in. The advanced review notice was received the next day, and three data review was required, and the results of the notice were notified within three days. I check if there is a notification letter every day. On the fourth day, the app could not log in.
Exposure
06-01
小芳4440
Taiwan
Falsely claiming that because the profit exceeds USDT185664, a 15% personal income tax must be paid and withdrawals are not allowed!
Exposure
05-25
風7942
Taiwan
I downloaded the QSNB app from the iOS app store and traded forex futures with MEGA EQUITY LTD. Yesterday, the exchange customer service sent me a letter. It’s said that because my profit has exceeded 100,000 USDT, according to law in Taiwan, I must pay 15% income tax on the total amount in the account, which is 46,133 USDT, and remit it to the virtual account on QSNB platform customer service provided. Only then withdrawals can be resumed. Since I need money, and did not get a satisfactory answer from the customer service (the customer service always asked me to pay the income tax of 46133 USDT before my withdrawal rights would be restored). So I am exposing the whole thing here. I'm not defaming or insulting anyone, let's be clear. I just hope this matter can be resolved smoothly. Attached are proof photos and the broker's logo as evidence of the exposure.
Exposure
05-16