Mega Trader FX Review 2021
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| Mega Trader FX is a multi-asset broker offering 1:500 leverage and deposit bonuses. | ||
Mega Trader FX is broker that gives traders access to Forex, CFDs, indices, precious metals, energies. Mega Trader FX allows traders to use the MetaTrader4 trading platform, but unfortunately not MetaTrader5 at this point.
In terms of features offered to traders, Mega Trader FX has Demo Accounts, Islamic Accounts and Auto Trading but is missing Social Trading and Signals.
Mega Trader FX is regulated, but not by the FCA here in the UK. While this is not necessarily an issue, very careful traders might want the extra safety of using an FCA-regulated broker.
Mega Trader FX Summary
Mega Trader FX is a multi-asset broker offering 1:500 leverage and deposit bonuses.
Ratings
| Bonus | None |
|---|---|
| Instruments | Forex, CFDs, indices, precious metals, energies |
| Demo Account | ✓ |
| Min. Deposit | $0 |
| Min. Trade | 0.01 lots |
| Regulated By | CySEC |
| MetaTrader 4 | ✓ |
| MetaTrader 5 | ✗ |
| cTrader | ✗ |
| DMA Account | ✗ |
| ECN Account | ✗ |
| Mobile Apps | ✓ |
| Auto Trading | Yes (EAs) |
| Trade Signals | ✗ |
| Social Trading | ✗ |
| Copy Trading | ✗ |
| Islamic Account | ✓ |
CFD Trading
CFD products are available on multiple financial markets.
| Leverage | 1:500 |
|---|---|
| FTSE Spread | Variable |
| GBPUSD Spread | 2.6 |
| Oil Spread | Variable |
| Stocks Spread | N/A |
Forex Trading
Online trading is available on major, minor and exotic FX pairs.
| GBPUSD Spread | 2.6 |
|---|---|
| EURUSD Spread | 1.9 |
| EURGBP Spread | 2.5 |
| Assets | 54 |
Payment Methods
Mega Trader FX accepts the following payment methods:
- Neteller
- Skrill
- Visa
FAQ
Is Mega Trader FX Safe?
In our review we gave Mega Trader FX a low trust score of 30%, which means that traders should try things out before they deposit any larger amounts. One of the main negative factors in this low score is that Mega Trader FX is not FCA regulated. Extra careful traders might want to find an alternative in our top list of UK brokers.
Does Mega Trader FX Accept PayPal?
No, Mega Trader FX does not accept PayPal payments.
Is Mega Trader FX Halal?
Yes, Mega Trader FX does offer an Islamic trading account and should thus be Halal to trade with.
What trading platforms does Mega Trader FX support?
Mega Trader FX only supports the MetaTrader 4 trading platform at this time.
Is Mega Trader FX Regulated?
Yes, Mega Trader FX is regulated by CySEC.
The fact that Mega Trader FX is not regulated by our own FCA will be a concern to the most careful traders. See our list of FCA regulated brokers for options.
Mega Trader FX vs Other Brokers
If you want to compare Mega Trader FX with other brokers, use the detailed comparisons below.
- Admiral Markets vs Mega Trader FX
- Mega Trader FX vs FXChoice
- Mega Trader FX vs Grand Capital
- Mega Trader FX vs TP Global FX
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| Mega Trader FX is a multi-asset broker offering 1:500 leverage and deposit bonuses. | ||