WikiFX Scam Alert: Plz stay clear of Reliable Mega Options Trade!!!

Investors who are still trading forex at Reliable Mega Options Trade had better quit trading ASAP!!! Investors who have been deceived by this broker please contact WikiFX to help you recover your funds!!!

Let us start with the most important – the recent warning issued on July 26th by the FCA, the financial regulator of the UK. The warning is against Reliable Mega Options Trade (reliablemegaoptionstrade.com), which presents itself as a legit US-based broker that offers trading in forex, binary options and cryptocurrencies, as well as crypto mining services.

FCA warned investors that trading with this broker is dangerous and would not come with any sort of protection.

Reliable Mega Options Trade claims to be a US-based broker and has even provided some sort of license number – CH-ID HHD82050016.

However, this license number is not of the same kind as those provided by the NFA and the CFTC – the two financial regulators responsible for licensing US brokers. After checking the NFA register, WikiFX quickly found out that Reliable Mega Options Trade is not regulated in the US – which is hardly surprising considering how few brokers operate in the US. Such companies are subject to probably the strictest laws in the world – for example, they have to prove their financial stability by maintaining a minimum capital of at least $20 million, more than anywhere else.

In other words, the broker is simply lying – it isnt authorized to operate in the States, nor anywhere else for that matter.

Now let's search “Reliable Mega Options Trade” on WikiFX APP to find out more about this broker. WikiFX is an authoritative global inquiry platform providing basic information inquiry and regulatory license inquiry. WikiFX can evaluate the safety and reliability of more than 36,000 global forex brokers. WikiFX gives you a huge advantage while seeking the best forex brokers.

As you can see, based on information given on WikiFX (https://www.wikifx.com/en/dealer/4175238523.html), Reliable Mega Options Trade currently has no valid regulatory license and the score is rather negative - only 0.99/10! WikiFX gives brokers a score from 0 to 10. The higher the score is, the more reliable the broker is.

Investors are advised to search relevant information on WikiFX APP about the broker you are inclined to trade with before finally deciding whether to make investment or not. Compared with official financial regulators, WikiFX is better at monitoring risks related to certain brokers - the WikiFX compliance and audit team gives a quantitative assessment of the level of broker regulatory through regulatory grading standards, regulatory actual values, regulatory utility models, and regulatory abnormality prediction models. If investors use WikiFX APP before investing in any broker, you will be more likely to avoid unnecessary trouble and thus be prevented from losing money! The importance of being cautious and prudent can never be stressed enough.

WikiFX also paid a visit to the brokers official website to learn more. After registering an account with Reliable Mega Options Trade, we got access to the following user dashboard:

As you can see, there are no charts, nor any actual option to trade. This is an absolute scam that does not facilitate any trading at all. Better turn to a genuine broker that is licensed and provides access to reliable and advanced trading platforms like MetaTrader 5.

Reliable Mega Options Trade does not seem to offer a platform that supports leveraged trading – and as a result, WikiFX cannot speak about vital trading conditions like spreads or leverage. However, the broker has specified that it requires a minimum deposit of at least $500 in order to open a trading account. This is actually a lot – few brokers would ask for more than $250 these days but some of the best players in the industry offer much more affordable basic accounts. You could easily start trading by investing as little as $10 or even less – so depositing a lot more money with scammers is simply not worth it.

As regards the payment methods, Reliable Mega Options Trade claims to work with Skrill, PayPal, Western Union, Bitcoin, Litecoin, Bitcoin Cash, Stellar. Unfortunately, WikiFX wasn‘t able to confirm this information as the deposit menu in the user dashboard wasn’t functioning properly.

Anyway, WikiFX wouldnt advise you to send any cryptocurrencies to an unregulated, anonymous company like Reliable Mega Options Trade!

In a nutshell, it's not wise to invest in Reliable Mega Options Trade. WikiFX reminds you that forex scam is everywhere, you'd better check the broker's information and user reviews on WikiFX before investing.

You can also expose forex scams on WikiFX. WikiFX will do everything in its power to help you and expose scams, warn others not to be scammed. In addition, scam victims are advised to seek help directly from the local police or a lawyer.

WikiFX keeps track of developments, providing instant updates on individual traders and helping investors avoid unscrupulous brokers. If you want to know whether a broker is safe or not, be sure to open WikiFXs official website (https://www.WikiFX.com/en) or download the WikiFX APP through this link (https://www.wikifx.com/en/download.html) to evaluate the safety and reliability of this broker!