A transparent weighted score from objective public data — each factor scored 0–100 (higher = riskier), combined by the weights below.
| Factor | Score | Weight |
|---|---|---|
| Regulation & licensing | 68 | 35% |
| Company age | 22 | 15% |
| Clone / impersonation | 0 | 12% |
| Withdrawal & exposure complaints | 6 | 12% |
| Offshore registration | 10 | 8% |
| Transparency (site/info/social) | 47 | 10% |
Based on public regulatory records, industry databases and independent reviews (Trustpilot, Forex Peace Army). Exit Risk reflects recent negative momentum in real reviews. A risk estimate from public data, not a definitive legal judgment; brokers may request a correction.
| Regulator | License type | License No. | Region | Status |
|---|---|---|---|---|
| CYSEC | Market Making (MM) | 120/10 | Cyprus | — |
| Account | Max leverage | Min. deposit | Min. spread | Commission | EA |
|---|---|---|---|---|---|
| Executive | 1:100 | USD 100,000 | As low as 1 | No | ✓ |
| Standard | 1:200 | USD 3,000 | As low as 1 | No | ✓ |
| Micro | 1:500 | No minimum | As low as 1 | No | ✓ |
Across 3 recent Trustpilot reviews, 0% are 1–2 star. The single most common complaint is being unable to withdraw funds (1 reports) — the classic warning sign in forex.
0MegaTraderFX is a forex and CFD broker based in United Kingdom, with records dating to 2019-04-28. It reports oversight from CYSEC.
FXCanary’s verdict is “Guarded.” There are enough red flags that we’d urge caution before depositing.
Overview compiled by FXCanary from regulatory records and public data. full MegaTraderFX review