MEG Capital Spreads, leverage, minimum deposit Revealed

WikiFX | 2024-05-21 17:34

Abstract：Mauritius-based MEG Capital, created in 2023, trades forex, commodities, cryptocurrencies, and CFDs. The firm offers MetaTrader 5 and Web Trader for multiple devices. MEG Capital operates without regulation despite offering 1:500 leverage and tight spreads.

MEG Capital Review Summary
Founded	2023
Registered Country/Region	Mauritius
Regulation	Unregulated
Market Instruments	Forex, Commodities, Crypto, CFDs
Demo Account	✅
Leverage	Up to 1:500
Spread	Tight spreads (exact rates not specified)
Trading Platform	MetaTrader 5 (MT5), Web Trader
Min Deposit	Not specified
Customer Support	Phone: 971 54451 8848
	Email: info@megcapitalfx.com
	Address:20, Edith Cavell Street, Level 6 Ken Lee Building, Port Louis, Mauritius 11302

MEG Capital Information

　　Mauritius-based MEG Capital, created in 2023, trades forex, commodities, cryptocurrencies, and CFDs. The firm offers MetaTrader 5 and Web Trader for multiple devices. MEG Capital operates without regulation despite offering 1:500 leverage and tight spreads.

Pros and Cons

Pros	Cons
High leverage up to 1:500	Unregulated, lacks financial licenses
Advanced MT5 platform support	Limited asset classes (no stocks, ETFs)
Multiple account types and demo access

Is MEG Capital Legit?

　　Unfortunatelly, MEG Capital is not regulated. Please note the risk!

　　MEG Capital registered megcapitalfx.com on July 10, 2023, and the WHOIS database says it will expire on July 10, 2026. The domain statuses “clientDeleteProhibited” and “clientTransferProhibited,” which protect domain integrity, suggest no financial authority validity or oversight.

What Can I Trade on MEG Capital?

　　MEG Capital offers over 45 Forex currency pairs, including major, minor, and exotic pairs, and 40+ cryptocurrency CFDs. MEG Capital trades commodities, particularly bullion.

Tradable Instruments	Supported
Forex	✔
Commodities	✔
Crypto	✔
CFD	✔
Indexes	❌
Stock	❌
ETF	❌

Account Types

　　Two primary account options from MEG Capital are STP (no-fee processing, best for novices) and ECN (tight spreads for experienced traders).

　　Personal, Joint, and Business accounts are among the choices for account ownership.

　　There is a free demo account with virtual funds for practice and familiarising with our trading systems and tools right now.

Leverage

　　MEG Capital allows traders to maximise returns with leverage up to 1:500. High leverage lets traders hold larger positions with less capital, increasing profit possibilities.

Trading Platform

Trading Platform	Supported	Available Devices	Suitable for
MetaTrader 5 (MT5)	✔	Desktop (Windows), Mobile (iOS, Android), Web (Mac, Linux, Windows)	Suitable for all traders, from beginners to advanced
Web Trader	✔	Web (compatible with all browsers on Mac, Linux, Windows)	Suitable for traders needing flexibility without software installation