Mega Equity (also known as MegaFX) is a European public joint stock company, founded back in 1999, that offers a variety of financial investments and brokerage services.
Company. Fund security
It is a 100% DMA / STP broker offering a wide range of financial instruments for trading: over 50 currency pairs, precious metals, various CFDs, exchange traded funds (ETFs), stocks, futures and options.
Manages the trademark Mega Equity Securities and Financial Services Public Ltd., the firm is registered in Cyprus and licensed by the Cyprus Securities and Exchange Commission (CySEC) since 2003.
CySEC requires Cypriot investment firms to have at least € 730,000. This amount is a kind of guarantor of the broker's financial stability. In addition, Cypriot Forex brokers are required to keep clients' funds in segregated accounts.
All companies controlled by CySEC participate in the Investor Compensation Fund, which pays compensation up to € 20,000 if the regulated company fails to fulfill its obligations to customers, for example, goes bankrupt.
In addition, every CySEC regulated investment company is also MiFID compliant and therefore entitled to offer cross-border services within the EU.
Mega Equity is a member of the Cyprus Stock Exchange and the Athens Stock Exchange.
Trading conditions
Mega Equity offers its clients one STP / DMA account with narrow interbank variable spreads, leverage up to 1: 400 and the ability to trade micro lots.
Minimum initial deposit
To open an account with Mega Equity, traders must invest at least $ 500.
Spreads and commissions
Mega Equity offers tight interbank floating spreads, averaging 0.1 pips on EUR / USD. However, the broker also has a commission: $ 14 per side. Thus, the average trading costs with this broker are around 1.5 pips per lot.
Leverage
The maximum leverage level offered by Mega Equity is 1: 400. This is a fairly high value. But there are brokers whose leverage reaches 1: 1000. You can find them in our ranking.
Trading platforms
Mega Equity offers Multiclient, a proprietary platform dedicated to global stock trading, and Periskope, an app for valuation, real-time market monitoring and portfolio management.
Mega Equity clients also gain access to 35 foreign stock markets through the XNET Network, the electronic trading platform of the Athens Stock Exchange.
Support service
The main office is located in Nicosia. The support service works by phone and using the feedback form. Unfortunately, the broker does not have a live chat that allows you to quickly get in touch with specialists, and is not even offered for contact by email.
Ways of payment
Mega Equity offers its customers the following payment methods: credit / debit cards, bank transfer and Skrill e-wallet.
Pros:
regulated broker; DMA / STP.
Minuses:
no MT4; no choice of trading accounts.
FAQ - BROKER QUESTIONS MEGAEQUITY
- Do trader reviews affect the rating of MEGAEQUITY?
- How to leave a review about MEGAEQUITY on the ita.promo website?
To leave a review about the broker, scroll down the page, enter a valid email and your review with an overall rating. Reviews are moderated and tracked by the number of comments left from one IP or email. The site's technical support may request real documents proving that the user was or is a client of the broker. This rule applies to both negative and positive reviews. We want our portal to be honest and independent.
- Can the broker MEGAEQUITY be considered honest?
Before any trading and choosing a broker, you should always read reviews on our portal, as well as on other resources. Brokers that are honest have a rating above 3.8. There is also always a risk of losing investments when trading CFDs. Be careful and read the risk warning on the broker's website. MEGAEQUITY received a rating of 1 out of 5 on our resource.
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