MEGAFOXTRADE falis to disclose its regulatory information and licensing data, which can be considered a scam indicator, as legitimate brokers always prominently display such information.
Furthermore, the UK Financial Conduct Authority (FCA) has issued a warning against MEGAFOXTRADE for illegally providing financial services/products in the UK without their authorization.
In essence, MEGAFOXTRADE 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.
MEGAFOXTRADE falis to disclose its regulatory information and licensing data, which can be considered a scam indicator, as legitimate brokers always prominently display such information.Furthermore, the UK Financial Conduct Authority (FCA) has issued a warning against MEGAFOXTRADE for illegally providing financial services/products in the UK without their authorization.In essence, MEGAFOXTRADE 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.