MegaCoinFX (Megacoinfx.com) is an awry CFDs, Crypto Currency, and Forex scam to hit the lucrative Forex trading world. Mega Coin FX is professing to offer CFD services, commodities, Forex, and indices. After receiving numerous email complaints from users who lost funds with this broker, we decided to investigate. This detailed and honest MEGACOINFX Review is meant to open your eyes. Know all the dirty tricks used by this broker now!
Accredited and Credible Crypto Currency trading tools is what expert and newbie traders use to stay ahead. This could be your turn to make money with Dependable and Trusted Crypto Currency trading robots. Transparent and vetted Crypto Currency trading robots will make trading comfortable and easy. Genuine and honest Crypto Currency trading robots will move your trading to the next level. Why not sign up with industry approved Crypto tools today?
Email complaints came in droves and this made us want to investigate why users were losing funds. Complaints centered on this broker refusing to allow members to withdraw funds. Why would a broker refuse members of their platform to make withdrawals? This means MegaCoinFX is operating a Forex platform under false pretense. And this is why we need to protect our readers from such brokers. What else could Mega Coin FX be hiding from investors?
Looking at their website, it’s clear why users could fall for their well laid trap. These scammers have created a compelling website which easily entices the eye. And this is what professional scam artists are after. To grab your attention is what scammers are interested in. With a compelling website which almost looks real, most unsuspecting investors will sign up. A safe way of signing up with brokers is to do a search before opening an account. Stay away from this broker.
According to the disclaimer at the bottom of their homepage, this broker claims to be located in Bulgaria. Scammers will do or say anything to make sure users believe their platforms are EU regulated. For all we know, this broker is based offshore which is even more damning news. Offshore brokers are known to openly flaunt set regulations and rules. And this is why signing up with MegaCoinFX is a pain in the neck. Trusting this broker should not cross your mind.
👉 Want to make money automatically with Bitcoin and Cryptocurrencies without the risk of trading yourself? Are you ready for self-custody of your investment funds? Do you like the sound of regular consistent results and profitable performance? Tired of the forex and crypto scams, false promises and games out there designed to separate you from your hard earned funds? Stop everything! ETBOT is for you! With the ETBOT software, only YOU are in control of your investment funds. The software works using API Key connections that only YOU set up and control. The ETBOT service and mother company EndoTech has been making investors hundreds of percent a year in proven gains since 2012! They use the volatility of the Crypto market to trade long and short using breakout techniques and strategies powered by real Artificial Intelligence. This year so far ETBOT has made over 75% for clients since January 1st, 2020. If you are ready to leave the trading to the professionals and upgrade your monthly income, now is the time, head to ETBOT now and buy your subscription to get started. PS: ETBOT is a Profitable Forex/Crypto Trading Bot. 100% Verified and Recommended by Valforex.com.
And when it comes to the actual people running this website, there’s no real information. Who is the person who owns and runs this platform? Why have they failed to give users names of the people entrusted with members funds? These scammers have ensured they keep their real names hidden for a reason. They don’t want to attract attention to their illicit Forex activities. For all we know, this could be a money laundering scheme. Stay away from this broker and avoid being scammed.
Why not make the bold move and start mining Cryptocurrencies? With the help of a reputable Crypto mining company, the dream can be achieved. Start the signup process with commendable and Recommended Cryptocurrency mining companies.
After thorough investigating, we found this broker to be wanting in terms of licensing. Did you know this platform is operating under false pretense? They are conducting Forex trading without any valid licensing details. If they are based in Bulgaria, they should have passed the licensing test by CySEC. Sadly, CySEC does not have any broker licensed under this name. And this makes Mega Coin FX a risky Forex platform. This is another reason to stay away from such brokers.
If this broker had valid licensing and registration credentials, they would have posted copies of their registration. Why has this broker failed to post their copies of registration? It’s because they don’t have any license. This broker is operating under false pretense which makes opening an account with them a fraud. Only professional scam artist can steal funds from investors by creating a fake platform. These websites most likely are based offshore and are highly insecure.
When it comes to depositing funds with this platform, these scammers have done their homework. They have made sure depository channels are well open and available. These depository channels include credit cards, wire transfer and Bitcoin. MegaCoinFX is making sure investors have all options available to make deposits. They don’t want any investor to miss an opportunity to deposit. This is what scam artists do, cover all depository channels for full funding.
Withdrawing funds with this platform is what makes it a dirty brokerage firm. Complaints did in fact reveal this broker is not willing to allow withdrawals. And the reason being given is users have not reached the required threshold to warrant withdrawal. This means users have not reached the trading volume set by this broker. And this is when members are asked to deposit more funds to reach the set target. This is what makes Mega Coin FX a brutal scam platform.
In order to stay safe with Forex trading, get professional help from trusted Forex brokers. Signing up with industry approved and trusted Forex brokers will earn you more money. This is what all successful traders use to remain safe at all times. Reliable Forex brokers with a solid reputation are what traders should look out for. A true and trusted Forex brokers is a worthy trading partner. Sign up with genuine brokers at all times to ensure safety when trading.
MegaCoinFX is offering users four different accounts for trading with. These account types include Silver, Gold, Platinum, and Diamond. Minimum acceptable trading deposit starts at $2,500, $10,000, $50,000 and $100,000. What we found odd with this platform is how high their acceptable deposit is. This is way too high considering the set standards is $250. MegaCoinFX is targeting all types of investors and wants to trap all of them. Stay away from these accounts.
Another disturbing feature with these accounts is how similar they are to each other. Why would anyone sign up with a broker who gives all traders the same advantages? These accounts have the same advantage which is weird. Imagine depositing $100,000 and getting the same advantages as a user who deposits $5,000? This is what makes Mega Coin FX a scam which must be avoided at all cost. Stay away from this broker and any other with same characteristics.
For a broker who has no license and no information regarding ownership, funds are not secure. A broker who fails to issue users with valid contract agreement should not be trusted. This broker fails to give details regarding how they handle funds deposited by users. Where do they bank money deposited by members? Could it be possible investors are depositing funds straight to owner’s personal bank account? This would make Mega Coin FX a dangerous platform.
When it comes to segregation of accounts MegaCoinFX is not following this rule. Investors are depositing funds in one singular account which makes it a risky venture. In case this broker faces bankruptcy or insolvency all funds will be lost. Any broker who deposits money with this platform will not be compensated. MegaCoinFX is breaking industry rules such as insuring all money deposited. Make sure to stay away from this broker to avoid being scammed.
Evidence clearly shows we are dealing with a rogue broker who is defrauding unsuspecting investors. From lack of proper licensing to openly refusing members to withdraw funds, MegaCoinFX is a scam. In order to remain safe, make sure to ignore all incoming calls from their agents. Some of these links contain malware which steals personal data. Stay away from this broker at all times.
After going through the evidence, we recommend you stay away from this broker. In order to protect our readers, we have to add this platform to our blacklist. This will help our readers know what to expect with this and any other Forex platform. After adding Mega Coin FX to our scam board, authorities are asked to investigate. Forex authorities should shut down this platform to safeguard all parties.
A proven way of making realistic profit margin is to sign up with Forex trading robots. Credible and Dependable Forex trading robots are what every trader should sign up with. Make the right move and sign up with transparent Forex trading robots.
Finally, we wish you all the best in your Forex trading experience.
Help Us Fight Scams. Please Donate to Support Our Work. No Amount is too Little or too Big. Thank You..
February 8, 2019 By Ghazanfar
The phrase ‘Necessity is the mother of invention’ seems true for Iran. This is because Iran has unveiled its own...
February 8, 2019 By Ghazanfar
In spite of long bear market, Bitcoin transactions per day are increasing. Today the level of these transactions has touched...
February 4, 2019 By Ghazanfar
Although bear market in crypto world is extending, yet many fiat currencies are facing the threat of destabilization. This is...
February 4, 2019 By Ghazanfar
In spite of mix signals from the cryptocurrency world about the future of cryptocurrencies, many countries are planning to test...
February 3, 2019 By Ghazanfar
The idea of Bitcoin adoption as an international currency is not at all new. Over the years, many financial experts...
February 2, 2019 By Ghazanfar
Bitcoin’s entry into the longest ever bear market in history is one of the most burning issues of today. The...
Valforex.com will not be liable for any damages incurred due to the usage of any information displayed on this website. The information and trading guides found on the website constitute the authors’ opinion only. Trading Forex, Binary options and Cryptocurrencies involve high-risk and are not suitable for all investors. Online trading in general, may not be legal in your jurisdiction. It’s visitors’ responsibility to make sure these entities are legal in their jurisdiction before engaging in trading activity… Read More