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
Phone:
Email: support@megamarkets.com
Languages: English
Availability: 24/5
The Trading platforms: Proprietary
Trading platform Time zone: /
Demo account: No
Mobile trading: Yes
Web-based trading: Yes
Bonuses: Yes
Other trading instruments: Yes
Minimum deposit: $250
Maximal leverage: 1:500
Spread: Floating From 0.0 Pips
Scalping allowed: Yes
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.
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.
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:
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 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.
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They've got a lot of affordable trading instruments to choose from. Signals are profitable.
A good broker company. Signals are accurate and withdrawals are always quick.
Fast and smooth withdrawals. I never had any trouble dealing with them. Transactions are smoothly done including withdrawals.
I can fully trust their market analysis and trading signals. They are reliable brokers.
Good customer service. They are helpful and competitive. I am getting the support I need promptly.
I am on the right track with my trading career. It is all because of this broker's dedication and perseverance to help me succeed. I am happy and satisfied with this broker service.
Good spreads even on a volatile market. The signals are good as well as the services.
Amazing forex trading platform. It made trading so much easier for me. There are so many good features, too.
I am happy with all of the processes, all seems smooth here. I will further observe but for my first month, all good.
Good trading coach. The signals are spot on. I am successful in my trades because of their sound trading advice.