Mega Trader FX Review 2021

Mega Trader FX is a multi-asset broker offering 1:500 leverage and deposit bonuses.

Mega Trader FX is broker that offers traders 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

30%
Trust
83%
Instruments
57%
Features
BonusNone
InstrumentsForex, CFDs, indices, precious metals, energies
Demo Account
Min. DepositNone
Min. Trade0.01 lots
Regulated ByCySEC
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.

Leverage1:500
FTSE SpreadVariable
GBPUSD Spread2.6
Oil SpreadVariable
Stocks SpreadN/A

Forex Trading

Online trading is available on major, minor and exotic FX pairs.

GBPUSD Spread2.6
EURUSD Spread1.9
EURGBP Spread2.5
Assets54

Binary Options Trading

Payout Percent

Payment Methods

Mega Trader FX accepts the following payment methods:

  • Neteller
  • Skrill
  • Visa
Risk Warning – Your capital is at risk

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 safer options.

Mega Trader FX vs Other Brokers

If you want to compare Mega Trader FX with other brokers, use the detailed comparisons below.

Mega Trader FX vs
Mega Trader FX is a multi-asset broker offering 1:500 leverage and deposit bonuses.