Mega Markets Review

Mega Markets Review

General Information

Broker Name: Mega Markets

Broker Type: Forex & CFDs

Country: Estonia

Operating since year: /

Regulation: /

Address: DUO RANGE LIMITED, 2 Frederick Street, Kings Cross, London, WC1X 0ND

Broker status: Active

Customer Service at Mega Markets

Phone:

Email: [email protected]

Languages: English

Availability: 24/5

Trading

The Trading platforms: Proprietary

Trading platform Time zone: /

Demo account: No

Mobile trading: Yes

Web-based trading: Yes

Bonuses: Yes

Other trading instruments: Yes

Account

Minimum deposit: $250

Maximal leverage: 1:500

Spread: Floating From 0.0 Pips

Scalping allowed: Yes

MEGA MARKETS REVIEW CONTENT

  • General Information & First Impressions
  • Fund and Account Security
  • Account info at megamarkets.com
  • Mega Markets’ Trading Platform
  • Conclusion

Broker Review: Mega Markets

Broker Review: Mega Markets

General Information & First Impressions

Mega Markets is a brokerage that operates from Estonia and offers trading services primarily to European traders. However, it is a global brokerage and does accept traders from many countries across the world. If you’re uncomfortable with using the service in English, it also has fully-functional translations to multiple languages. They include German, French, and Dutch, covering a good portion of the European language area. Our Mega Markets review will inspect the broker’s qualities, security, and overall treatment of users.

Before we go on, we do need to note that Mega Markets is a CFD broker. That means it offers various advantages to users, such as a much broader library of assets and more liquidity. On top of that, it lets the broker lower prices and offer a service that can satisfy a much wider array of traders.

However, we do also need to admit that a lot of scam brokers pose as CFD brokers to lure users in. It’s clear why; CFDs offer a better service in many ways, and scammers try to pose as the best possible company. And while that has led to some traders developing the false notion that CFDs are equal to scams.

Obviously, that’s untrue, and you need to approach brokers on a case-by-case basis. We do judge CFD brokers harsher security-wise because of the space containing a lot of scammers. You’ll be able to read our findings in the next section of our megamarkets.com review.

Before we move on, however, we do need to say that the broker’s initial showing is fantastic. It presents information in a way that’s easy to comprehend and parse so it doesn’t feel overwhelming. On top of that, the website promises a fantastic user experience, with quick loading and smooth navigation.

Fund and Account Security

Fund and Account Security

Safety is, undoubtedly, the single most important factor for modern brokerages. As online finance has become commonplace, letting more retail traders join, scammers have gone into overdrive. As we said earlier in our Mega Markets review, the CFD space is especially attractive to fraudulent companies.

And the worst part is that pretty difficult for traders to learn how to avoid scams effectively. There are some general guidelines, but without experience, they’re usually too broad. Otherwise, you can try trial and error, but we doubt you want to do that, as it requires getting scammed out of potential thousands more than once. And since most traders don’t look at new brokers every day, at least not in detail, finer scammer properties are hard to spot.

That’s where we come in, as our job is to do broker reviews. That means investigating each broker in detail, which has, in turn, acquainted us with scammers. This part of our megamarkets.com review is devoted to presenting our findings.

And we’re elated to say that we have no doubt about the broker’s integrity or how it functions. It’s an honest broker that works to keep users informed and presents all its features straight away. Unlike scams, Mega Markets makes it easy to find out anything about its service.

However, that’s not the biggest trust factor we found. Namely, the fact that the broker operates from Estonia means quite a lot. Most scammers choose offshore locations to operate since the legislation is much looser. A digression; that doesn’t mean all offshore brokers are scammers. However, the fact that Mega Markets works from Estonia places it in a fairly highly-regulated location.

We don’t think Mega Markets has even the slightest intention of harming users.

Account Info at megamarkets.com

Mega Markets has a varied account selection that can satisfy the needs of different kinds of traders. The accounts operate on a deposit requirement basis, meaning you have to reach certain thresholds to get the account. That also means the accounts don’t actually cost anything since you can still trade with all the money you deposit.

We won’t pretend that means anyone can access any account. Depositing higher amounts is daunting to downright impossible for a large portion of traders. That’s where Mega Markets’ base account comes in to save the day.

As we said earlier in our Mega Markets review, the broker’s service is quite varied. Of course, that means it involves functions for both traders on a budget and those with more disposable money. The budget account is perfect if you’re not at the stage where you want to put down thousands of dollars.

That’s because the broker, unlike many others, making sure that the trading service it provides is actually competitive. You don’t only get a skeleton; instead, you also get some extra features like the personal manager and education sessions. At only $250, that means it blows other brokers’ accounts at similar price points out of the water.

But Mega Markets didn’t only focus on their budget users. The more expensive accounts unlock many sought-after features that increase comfort and profit. That way, no matter which account you opt for, there’s no chance that you’ve gone wrong.

Here are some of the qualities you can expect from the megamarkets.com accounts:

Account Info at megamarkets.com

Bronze

  • Minimum Deposit: $250
  • Personal Account Manager
  • Trading Platform Introduction
  • Risk Management Strategies and Guidance
  • Basic Market Education Sessions

Silver

  • Minimum Deposit: $25000
  • Personal Account Manager
  • Trading Platform Introduction
  • Risk Management Strategies and Guidance
  • Basic Market Education Sessions
  • Personalised Trading Alerts

Gold

  • Minimum Deposit: $50000
  • Personal Account Manager
  • Trading Platform Introduction
  • Risk Management Strategies and Guidance
  • Basic Market Education Sessions
  • Personalised Trading Alerts
  • Risk Free Trades
  • Practical Guided Trading Sessions

Premium

  • Minimum Deposit: $100000
  • Personal Account Manager
  • Trading Platform Introduction
  • Risk Management Strategies and Guidance
  • Basic Market Education Sessions
  • Personalised Trading Alerts
  • Risk Free Trades
  • Practical Guided Trading Sessions
  • Eligible for the Mega Markets Managed Account Service

Platinum

  • Minimum Deposit: $250000
  • Personal Account Manager
  • Trading Platform Introduction
  • Risk Management Strategies and Guidance
  • Basic Market Education Sessions
  • Personalised Trading Alerts
  • Risk Free Trades
  • Practical Guided Trading Sessions
  • Eligible for the Mega Markets Managed Account Service
  • Higher Leverage

 

Mega Markets’ Trading Platform

Mega Markets’ Trading Platform

Mega Markets has a sophisticated online trading platform that guides and empowers traders. It has numerous qualities that improve the overall smoothness of the trading process, as well as perfecting your predictions. As such, it’s an invaluable tool for any trader that beats a lot of standard platforms.

It’s also quite important that the platform is easy to learn and doesn’t require a huge time investment. That way, if you’ve switched from another platform, you can get going fairly quickly and without missing trading opportunities.

It supports multiple chats and has options like take wins and stop losses. That means you won’t need to stay near your platform at all times worrying about a huge asset swing. You can just set a price range you’re comfortable with, and if the asset moves beyond that, the platform will sell it off.

The broker also has a ton of other options that are useful for traders, like the welcome bonus. You can learn more on megamarkets.com.

Mega Markets Review: Conclusion

Mega Markets comes out of the gates strong and keeps that same power throughout. It was crafted with a trader-first mentality, providing users features that are actually useful instead of simply trying to look good. That has resulted in an experience that doesn’t only offer powerful conditions but also a degree of comfort.

That way, you’ll be able to keep a cool head during prolonged trading sessions. Those can be stressful by default, and it’s nice that the broker helps you keep a cool head. Altogether, we can’t end our Mega Markets review in any way other than suggesting you go try it.