Megafxdriv is a contract for difference (CFD) broker whose official domain was registered on May 1, 2024. This broker primarily provides investors with investment services across various trading markets, including forex, cryptocurrencies, indices, stocks, energy, and commodities. It does not offer services to countries and regions where doing so could violate local laws or regulations.
Company Registration Information and Regulatory Status
According to public information on the Megafxdriv official website (www.megafxdriv.net), this broker was established in 2016 and is regulated by the Australian Securities and Investments Commission (ASIC). Besides this, the broker has not disclosed any company entity registration details or detailed regulatory information.
Upon verification, the Australian Securities and Investments Commission (ASIC) does not list a regulated company by the name "Megafxdriv".
Therefore, Megafxdriv (www.megafxdriv.net) is actually a fraudulent broker website with no company entity and no regulatory oversight.
Account Opening Process
Megafxdriv account opening process: Visit the broker's official website, click "Register" on the homepage or at the top right of the webpage to go to the account registration page. Fill in the required personal information such as name and email address, set a password, and submit. After verification, you can successfully register an account.
Trading Products:
Megafxdriv offers clients a variety of trading products, including forex, indices, commodities, stocks, and cryptocurrencies.
- Forex: Forex trading involves the exchange of different currencies, known for its high liquidity, allowing traders to profit from currency fluctuations.
- Indices: Index trading allows speculation on the performance of an entire market or sector without trading individual stocks. By exploring popular indices, diverse trading opportunities can be discovered, and high leverage can be utilized to enhance potential returns.
- Commodities: Commodity trading covers key global market resources, allowing traders to buy and sell various raw materials, including metals, energy, and agricultural products.
- Stocks: Stock trading enables investors to engage in the price fluctuations of public companies, earning profits from price changes and dividends based on the company's performance without actually holding the stocks.
- Cryptocurrencies: Cryptocurrency trading offers digital currency enthusiasts the opportunity to profit from high volatility assets.
Investment Plans
Megafxdriv provides four different types of investment plans: STARTER ACCOUNT, CLASSIC ACCOUNT, PLATINUM, FOREX SIGNALS.
STARTER ACCOUNT:
- Minimum Deposit: £500
- Minimum Expected Profit: £3,500
- Maximum Expected Profit: £5,000
- Trader Education*
- Risk Management
- Tax-free Spread Trading Profits
CLASSIC ACCOUNT:
- Minimum Deposit: £5,000
- Minimum Expected Profit: £45,000
- Maximum Expected Profit: £50,000
- Expert News and Analysis
- Competitive Spreads
- Advanced Trading Tools
- Tax-free Spread Trading Profits
PLATINUM:
- Minimum Deposit: £10,000
- Minimum Expected Profit: £99,999
- Full Benefits
- Trader Education*
- Advanced Risk Management
- Tax-free Spread Trading Profits
FOREX SIGNALS:
- Professional Forex Signals
- Up to 10 Signals per Day
- 95% Success Rate
- 24/7 Support
- Advanced Trading Tools
- Bitcoin Payment Only
- Use Any Broker
Trading Platform
Megafxdriv provides a self-developed trading platform, claiming an average order execution speed of less than 7.12 milliseconds, with an extensive pool of liquidity providers, and executing more than 12,000 orders per second.
Deposit and Withdrawal
Megafxdriv only supports deposits and withdrawals through cryptocurrencies.
Conclusion:
Traderknows reminds investors that megafxdriv is a scam broker that lures investors with promises of high returns. This site has neither a company entity nor any regulation. It is recommended that investors choose brokers with transparent information, strong regulation, and good reputation to avoid unnecessary financial losses.
Currently, this broker is marked as a "Scam" on Traderknows.
