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Mega26 Spreads, leverage, minimum deposit Revealed

WikiFX | 2024-10-12 10:38

Abstract:Mega26 was registered in the United Kingdom in 2024. It provides over 500 assets, including cryptos, forex, indices, shares and commodities. Besides, its leverage is up to 1:500. However, it is not regulated by any financial authorities, even BaFin exposed this firm in its recent warning.

  Note: Mega26's official website: https://mega26.com/ is currently inaccessible normally.

Mega26Review Summary
Founded2024/5/2
Registered Country/RegionUnited Kingdom
RegulationNot regulated
Market InstrumentsCryptos, forex, indices, shares, commodities
Demo Account✅
LeverageUp to 1:500
SpreadStart from 1.5 pips
Trading PlatformWebTrader
Min Deposit$10000
Customer SupportEmail: support@mega26.com

  Mega26 was registered in the United Kingdom in 2024. It provides over 500 assets, including cryptos, forex, indices, shares and commodities. Besides, its leverage is up to 1:500. However, it is not regulated by any financial authorities, even BaFin exposed this firm in its recent warning.

Pros and Cons

Pros Cons
Multiple trading assetsNo regulation
Various account typesRelatively new
Maximum leverage up to 1:500Lack of transparency
Demo accounts offered

Is Mega26 Legit?

  Mega26 is not regulated by the Financial Conduct Authority (FCA) in the United Kingdom. Moreover, the German BaFin also exposes Mega26 in its recent warning. Mega26 is not supervised by any authorities. Traders should be cautious when trading.

No license
Domain information

What Can I Trade on Mega26?

  Over 500 assets are provided by Mega26 for trading.

Tradable Instruments Supported
Cryptos✔
Forex✔
Indices✔
Shares✔
Commodities✔
Options❌
ETFs❌

Account Type

  Mega26 offers four account types: Standard, Silver, Gold and VIP. Demo accounts are also offered.

Account TypeMinimum Deposit
Standard$10000
Silver$25000
Gold$50000
VIP$100000

Leverage

  Mega26's leverage also varies depending on the different account types. Thestandard account is 1:200, Silver is 1:300, Gold is 1:400, and the maximum leverage of VIP account is 1:500. But high leverage not only brings high profits but risks.

Spreads

  Mega26 spread starts at 1.5 pips on the Standard and Silver account. The Gold account's spread is from 0.8 pips. And the VIP is from 0.0 pips.

Trading Platform

Trading PlatformSupported Available Devices Suitable for
WebTrader✔DesktopExperienced traders

Customer Service

Contact Options Details
Phone ❌
Email support@mega26.com
Support Ticket System ❌
Online Chat ❌
Social Media ❌
Supported Language English
Website Language ❌
Physical Address ❌

The Bottom Line

  To sum up, Mega26 provides various account types and over 500 trading assets for traders to choose. However, the absence of regulation and customer support methods also brings many potential risks, like legal risks and fund risks. Traders should consider all factors.

FAQs

  Is Mega26 safe?

  No. It is not supervised by any financial authorities.

  Is Mega26 good for beginners?

  No. Safety is the most important factor for beginners, and it is not regulated.

  Is Mega26 good for day trading?

  No. It hides its fees and commissions.

Related broker

No Regulation
Mega26
Company name:Mega26
Score
1.19
Website:https://mega26.com/
1-2 years | Suspicious Regulatory License | Suspicious biz area | High potential risk
Score
1.19

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