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MEGA CRYPTO EXCHANGE

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Operating status: SCAM

Website: https://www.megacryptoexchange.online/

Broker violations and abnormal records
  • 2023-05-11 The UK regulator FCA issued a warning against MEGA CRYPTO EXCHANGE

    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

    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
  • 2023-05-14 BrokersView has reviewed that MEGA CRYPTO EXCHANGE is an unregulated broker

    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.

    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.
  • 2023-05-15 BrokersView found MEGA CRYPTO EXCHANGE website is unavailable

    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.

    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.

Related Complaints

Q&A

What accounts do they offer except for standard account? Do they offer mini account?

Mohd Faizal
Kazakhstan
2023-05-16
ANSWER MEGA CRYPTO EXCHANGE is a non-regulated broker we advise against trading with, despite the seemingly attractive deals it offers.The website of MEGA CRYPTO EXCHANGE is currently down, the new evidence suggesting that it is a scam. Traders should be aware that a properly functioning website is critical for a broker, as it displays essential details of the company and facilitates trading. When a website is inaccessible, it often indicates that the broker may be unreliable or facing resource-related issues. In many cases, such a situation happens when fraudulent brokers run away with investors' money. According to BrokersView's data, MEGA CRYPTO EXCHANGE failed to provide regulatory information and licensing data, which is a significant red flag for a potential scam. Furthermore, the Financial Conduct Authority (FCA) has issued a warning against MEGA CRYPTO EXCHANGE for illegally offering financial services or products. You can read the complete warning here.Regarding your question, our advice is not to deal with MEGA CRYPTO EXCHANGE. It is an unlicensed broker that comes with huge risks including the loss of funds and identity theft. There are no safeguards in place to prevent fraud or theft. Therefore, we strongly suggest investors stay away from unlicensed brokers like MEGA CRYPTO EXCHANGE and choose fully regulated ones instead.
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