✔️ Information reviewed and updated in April 2024 by Eduardo López
IS Mega Pay Trade RELIABLE? OPINIONS
CONTENT
- 1 IS Mega Pay Trade RELIABLE? OPINIONS
- 2 ℹ️ BROKER DATA:
- 3 📞 LIST OF PHONE NUMBERS:
- 4 💰 DEPOSITS AND ACCOUNTS:
- 5 🌐 WEBSITE – WEBSITE:
- 6 ⭐ OPINION OF Mega Pay Trade:
- 7 💬 WHAT TO THINK OF A COMPANY LIKE Mega Pay Trade?:
- 8 📣 LATEST UPDATES:
- 9 ✔️ CLAIM MONEY FROM Mega Pay Trade:
- 10 🚨 REPORT Mega Pay Trade:
- 11 ❓ FAQS – FREQUENTLY ASKED QUESTIONS:
In this post I will analyze Mega Pay Trade. Is it the broker commodities, cryptocurrencies and forex Mega Pay Trade (with megapaytrade.com website) really reliable? Is it safe to invest your money with this company? I will examine this company in detail.
I will explain to you why I think Mega Pay Trade is an UNSAFE company AND I CONSIDER IT TO BE UNRELIABLE. BE CAREFUL WITH THIS KIND OF COMPANIES!
ℹ️ BROKER DATA:
Here are two things that I would like to highlight, (1) the first thing that is important to know is about its regulation and (2) the second is the location of the company. These are two data of vital importance to be able to measure the seriousness and reliability of a company.
Does the company have no regulation or is it regulated by an unserious country? Is the company located in an unreliable place or does it not mention where it is located? These are questions that every investor should ask about the reliability of the company.
| Information | About the company |
|---|---|
| (I.e. Company | Not mentioned |
| ???? Direction | Mentions being in the United Kingdom and the United States |
| 📄 Registration | Not mentioned |
| 🛡️ Regulapain | Not mentioned |
| ️ ️ Phone | Does not have |
| [email protected] | |
| 🌐 Website | megapaytrade.com |
| ???? Live Chat | No |
| 💳 Payment methods | Not mentioned |
| ❓ Company type | commodities, cryptocurrencies and forex broker |
📞 LIST OF PHONE NUMBERS:
The company does not mention any contact telephone number. The lack of means of contact makes me a little nervous. It is not normal.
💰 DEPOSITS AND ACCOUNTS:
Here is a small analysis of the types of plans/accounts that Mega Pay Trade offers; They are divided into 6 plans/accounts. Here is a table with a little more information about minimum deposits by type of plan/account.
| TYPE OF plans/accounts | MINIMUM INITIAL DEPOSIT |
|---|---|
| STARTER | $500 |
| BASIC | $3000 |
| BRONZE | $6000 |
| SILVER | $20000 |
| GOLD | $50000 |
| PLATINUM | $100000 |
🌐 WEBSITE – WEBSITE:
Below you will see the company's website and a small analysis about the website:
- Age of the website: the domain “megapaytrade.com” was registered on January 26, 2024. That is, it is a website that is not very old. 🚩
- Here choose one of the options: The website mentions which company it belongs to, but I have not been able to find “company example ltd” in the company records. I think it may be a fake company. // The website does not mention who it belongs to, we noticed a clear lack of transparency in very important data. 🚩
- Here choose one of the options: As I mentioned before: the company does not mention being regulated, which makes me think that it is an unregulated company // The company mentions being regulated in XXX XX country, but I think this information is false. They try to pass themselves off as a regulated company. // The company mentions being regulated by a very unsafe regulator, as is the case of Mauritius // Saint Vincent and The Grenadines // Vanuatu // Marshall Islands // Dominica // here choose the location mentioned if it is the case of a regulation/location of this type: tax haven islands or offshore locations. (I.e.
⭐ Mega Pay Trade OPINION:
After having carried out an analysis of the company, I have come to the following conclusions:
1) The company mentions being located in the UK and US, but I think they are trying to mislead about their location. I recommend extreme caution.
2) The company does not mention being regulated or anything about its regulation. I understand that it is a UNREGULATED company.
3) I think the company has very little seniority or history. As I mentioned, I was able to check that the domain “megapaytrade.com” was registered on January 26, 2024. It is very recent.
4) The company has a very bad reputation on the internet, I have already been able to find customer complaints.
5) The company has been reported by the following financial regulator(s): FCA, UK Financial Authority. It is a very unsafe company, be careful.
“To be honest with you, I would not invest in this type of company: it is not regulated. It does not mention which company it belongs to. I honestly cannot recommend a company of this type.”
💬 WHAT TO THINK OF A COMPANY LIKE Mega Pay Trade?:
Mega Pay Trade is a broker that raises serious concerns regarding its reliability and transparency. The claim of having locations in the UK and US appears to be false, suggesting a lack of integrity on the part of the broker. Lack of clarity about your actual location creates uncertainty about the veracity of other claims you may make.
Furthermore, the absence of regulation is a critical point, as it leaves investors without the usual protections and guarantees offered by regulatory bodies in the financial sector. The fact that the broker is reported by regulator FCA for fraudulent activities further underlines the lack of trust in its business practices.
In short, due to the lack of transparency about its actual location, the absence of regulation, and the reporting of fraudulent activities by the regulator FCA, investors are advised to stay away from Mega Pay Trade. It is essential for investors to look for brokers that are properly regulated and that offer transparency and security in their operations.
📣 LATEST UPDATES:
1) Update March 2024: la FCA, Financial Authority of the United Kingdom, has denounced Mega Pay Trade.
✔️ CLAIM MONEY FROM Mega Pay Trade:
If you have been scammed, then I explain, in my opinion, one of the most effective methods to recover capital. If you do it on time and with a serious company, it is highly effective.
We work with a capital recovery service. here you can recover your capital.
In a few words, we use the chargeback method or capital withdrawal, with this method what we do is ask the bank or Visa, or Mastercard (depending on how we send the money), to return our capital, since we have been scammed. In order to recover it, we have to prove that we have indeed been scammed.
If you have been scammed, it is the option that I recommend, we work with a totally serious and safe capital recovery company.
🚨 REPORT Mega Pay Trade:
If you have been scammed by this company and you want to report it, I think the best option is to contact the financial regulator of the country where you live. Report what happened to the regulator. Here are some examples of financial regulators by country:
🇦🇷 Argentina: the financial regulator is CNV, here you can get in touch
🇧🇷 Brazil: the financial regulator is CVM, here you can get in touch
🇨🇱 Chile: the financial regulator is CFM, here you can get in touch
🇨🇴 Colombia: the financial regulator is the Financial Superintendence, here you can get in touch
🇪🇨 Ecuador: the financial regulator is SUPERINTENDENCE OF BANKS, here you can get in touch
🇪🇸 Spain: the financial regulator is CNMV, here you can get in touch
🇺🇸 United States: the financial regulator is FINRA, here you can get in touch
🇮🇹 Italy: the financial regulator is CONSOB, here you can get in touch
🇲🇽 Mexico: the financial regulator is CNBV, here you can get in touch
🇵🇪 Peru: the financial regulator is SBS, here you can get in touch
If your country is not on the list, leave a comment and I will gladly help you!
❓ FAQS – FREQUENTLY ASKED QUESTIONS:
Mega Pay Trade is an investment broker that offers services in the commodities, cryptocurrency and forex (foreign exchange market) markets.
In my opinion it is, I think it's a scam. Taking into account different characteristics of this company, I must qualify it as a very bad and very unsafe one.
Mega Pay Trade is a company that I consider UNRELIABLE. It has characteristics that make it a very unsafe company: be very careful.
If you have lost your money or been scammed, I recommend you try the capital recovery service.
If you want to know a safe and reliable company, I invite you to see the ranking of best brokers and you can also check the 3 best brokers of the month.
This company will not refund your money. They scammed my father, don't do it, listen to me.
Hello Aria, Mega Pay Trade is a SCAM, we are receiving many complaints from investors, they do not return the money, they should never invest in a broker without REGULATION.
They create positive comments of their own to confuse investors and pose as a serious and legal company but everything is invented and if you mention our review they say that we are the competition and that is not true (we only do reviews of brokers).
When you request a withdrawal of capital or benefits, if they make excuses and force you to pay commissions or another type of ransom, you will know that they are scamming you, do not fall into that trap, those commissions are not real, they try to take more money from you.
If you want to recover the money you can do it from the CHAT on our website or by filling out the form at this link: Get your money back, we are with you
Greetings.