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Mega Equity -

Suspicious Clone

Score

1.44 /10

Danger

Mega Equity

Item: Mega Equity
Rating: 1.44

Cyprus

2-5 years

Suspicious Regulatory License

High potential risk

https://mega-equity.com

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Comparison

Quantity 6

Exposure

Time Machine

Website

Score

Regulatory Index0.00

Business Index6.49

Risk Management Index0.00

Software Index4.00

License Index0.00

The WikiFX Score of this broker is reduced because of too many complaints!

Time Machine

Website

Licenses

CYSEC Suspicious Clone

Market Making(MM)

VPS Standard

No restriction on the broker account. Support service provided by WikiFX

Single Core

40G

open now

Broker Information

Company Name

Mega Equity Securities & Financial Services Public Ltd

Company Abbreviation

Mega Equity

Platform registered country and region

Cyprus

Company website

https://mega-equity.com

Twitter

https://twitter.com/megaequity

Facebook

https://www.facebook.com/megaequityservices/

Company summary

Pyramid scheme complaint

Expose

Mega Equity · Company summary

Note: Mega Equity's official website: https://mega-equity.com/ is currently inaccessible normally.

Mega Equity Information

Founded in 1999, Mega Equity is a brokerage company with a suspicious clone license registered in Cyprus. Through research, we found that the current status of the domain of its website seems to be not registered, so we can't tell whether the company has already closed or not.

Is Mega Equity Legit？

	Cyprus Securities and Exchange Commission (CySEC)
Current Status	Suspicious Clone
Regulated by	Cyprus
License Type	Market Making(MM)
License No.	011/03
Licensed Institution	Mega Equity Securities And Financial Services Public Ltd

Mega Equity claims to be regulated by the Cyprus Securities and Exchange Commission (CySEC) in Cyprus. However, Mega Equity's current status is “Suspicious Clone”. This means their license may be fake. The funds of their clients may not be protected by any laws, thus, we advise traders to look for a regulated one.

Downsides of Mega Equity

Unavailable Website

Mega Equity's official website is currently inaccessible. We can not get first-hand information from its website.

Lack of Transparency

We can not find any useful information about Mega Equity online. Its safety and legitimacy cannot be verified.

Regulatory Concerns

Mega Equity currently only holds a suspicious clone license. Its safety and legitimacy are doubtful..

Withdrawal Difficulty

According to an exposure on WikiFX, a user encountered difficulties with fund withdrawals.

Not Accepting UK Clients

According to an exposure on WikiFX, a user complained that the company did not accept UK clients. All applications for live accounts have declined.

Negative Mega Equity Reviews on WikiFX

On WikiFX, “Exposure” is posted as a word of mouth received from users.

Traders are encouraged to review information and assess risks before trading on unregulated platforms. Please consult our platform for related details. Report fraudulent brokers in our Exposure section and our team will work to resolve any issues you encounter.

As of now, there are 7 pieces of Mega Equity exposure in total. I will briefly introduce 2 of them.

Exposure 1. Not Accepting UK Clients

Classification	Others
Date	2023-03-06
Post Country	South Africa

The user said that he was unable to withdraw, and it was still pending after a week. You may visit: https://www.wikifx.com/en/comments/detail/Co202303061781277021.html

Exposure 2. Cannot Withdraw

Classification	Unable to Withdraw
Date	2024-06-05
Post Country	Singapore

The user said that after investing thousands of dollars he couldn't withdraw his fund. You may visit: https://www.wikifx.com/en/comments/detail/202406048802368121.html

Conclusion

Trading with Mega Equity means facing great security risks. Their “suspicious clone” license shows unsafe. Many users are cheated. To ensure the safety of your funds, we suggest that traders choose regulated brokers with transparent operations.

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Warning: Low score, please stay away! 4

Previous Detection : 2024-09-28

It has been verified that this broker currently has no valid regulation. Please be aware of the risk!

The number of the complaints received by WikiFX have reached 6 for this broker in the past 3 months. Please be aware of the risk and the potential scam!

WikiFX Verification

Overview

Biz Area

WikiFX Survey

Website

MT4/5

Genealogy

Clones

Keywords

Account

Time Machine

Exposure

6 pieces of exposure in total

Pyramid scheme complaint

Expose

Unable to Withdraw

Falsely claiming that because

Falsely claiming that because the profit exceeds USDT185664, a 15% personal income tax must be paid and withdrawals are not allowed!

2024-05-25 06:06

Unable to Withdraw

The netizens on the dating app are driving me crazy. He introduced me to this unscrupulous platform, and it’s my fault that I can’t withdraw money!

A boy on a dating app introduced me to invest in forex, but I didn’t expect it to be a scam! I thought he was going to fall in love with me, so he taught me how to make money and even helped me deposit half of the money. Unexpectedly, the actual situation was that he deceived me into using a fraudulent platform after gaining my trust! I don’t understand what’s the benefit of him doing this! Currently $8,000 is in it!

2024-06-05 10:10

Unable to Withdraw

Can't get withdrawal. I need to do advanced review, the app cannot be used.

I was informed that QSNB could not log in, download TrjitfvBe, and click on the withdraw after logging in. The advanced review notice was received the next day, and three data review was required, and the results of the notice were notified within three days. I check if there is a notification letter every day. On the fourth day, the app could not log in.

2024-06-01 11:50

Unable to Withdraw

Forteclaim hijack back asset

This scam deceived me and I reported it in February 2023. They stole millions of dollars of investors' life savings. Supposedly offering a range of services from trading to investment opportunities. However, upon closer inspection, the platform's offerings seem vague and lack transparency.

2024-06-11 10:26

Unable to Withdraw

Scam

Don't approach EnclaveFx. It is regrettable that so many of us have fallen for this deception. We are simply fortunate that many cybersecurity authorities are recouping much of our losses.manipulative and seems not legit after investing thousands of dollars I couldn't withdraw my fund

2024-06-05 05:48

Others

I downloaded the QSNB app from

I downloaded the QSNB app from the iOS app store and traded forex futures with MEGA EQUITY LTD. Yesterday, the exchange customer service sent me a letter. It’s said that because my profit has exceeded 100,000 USDT, according to law in Taiwan, I must pay 15% income tax on the total amount in the account, which is 46,133 USDT, and remit it to the virtual account on QSNB platform customer service provided. Only then withdrawals can be resumed. Since I need money, and did not get a satisfactory answer from the customer service (the customer service always asked me to pay the income tax of 46133 USDT before my withdrawal rights would be restored). So I am exposing the whole thing here. I'm not defaming or insulting anyone, let's be clear. I just hope this matter can be resolved smoothly. Attached are proof photos and the broker's logo as evidence of the exposure.

2024-05-16 03:20

Mega Equity · Company summary

Note: Mega Equity's official website: https://mega-equity.com/ is currently inaccessible normally.

Mega Equity Information

Is Mega Equity Legit？

	Cyprus Securities and Exchange Commission (CySEC)
Current Status	Suspicious Clone
Regulated by	Cyprus
License Type	Market Making(MM)
License No.	011/03
Licensed Institution	Mega Equity Securities And Financial Services Public Ltd

Downsides of Mega Equity

Unavailable Website

Mega Equity's official website is currently inaccessible. We can not get first-hand information from its website.

Lack of Transparency

We can not find any useful information about Mega Equity online. Its safety and legitimacy cannot be verified.

Regulatory Concerns

Mega Equity currently only holds a suspicious clone license. Its safety and legitimacy are doubtful..

Withdrawal Difficulty

According to an exposure on WikiFX, a user encountered difficulties with fund withdrawals.

Not Accepting UK Clients

According to an exposure on WikiFX, a user complained that the company did not accept UK clients. All applications for live accounts have declined.

Negative Mega Equity Reviews on WikiFX

On WikiFX, “Exposure” is posted as a word of mouth received from users.

As of now, there are 7 pieces of Mega Equity exposure in total. I will briefly introduce 2 of them.

Exposure 1. Not Accepting UK Clients

Classification	Others
Date	2023-03-06
Post Country	South Africa

The user said that he was unable to withdraw, and it was still pending after a week. You may visit: https://www.wikifx.com/en/comments/detail/Co202303061781277021.html

Exposure 2. Cannot Withdraw

Classification	Unable to Withdraw
Date	2024-06-05
Post Country	Singapore

The user said that after investing thousands of dollars he couldn't withdraw his fund. You may visit: https://www.wikifx.com/en/comments/detail/202406048802368121.html

Conclusion

User Reviews

User comment

Comments

Write a review

FX1328468734

more than one year

Why are you not accepting UK clients? As a part time trader the signals would be an immense help as I am unable to trade the London break-out. All applications for live accounts are declined.

Translate to English

2023-03-06 12:14