Scammed by Megamarkets? If so, we may be able to help you. Our expert team will know if there is a way to assist you. File A Complaint today by filling the form below and get a free consultation today.
Megamarkets Review
🔴 Megamarkets services are questionable – a warning sign!
🔴 Megamarkets isn’t licensed – a red flag!
🔴 Megamarkets isn’t transparent – a red flag!
🔴 Megamarkets creates unrealistic expectations – a red flag!
What is Megamarkets?
Megamarkets is an unregulated investment platform similar to core-cyu.com, which we reviewed earlier. Problem with unregulated investment platforms is that they are not reliable and abuse the regulations. Make sure to stay away from them as they are anonymous and that they can disappear any time without notice. Companies providing online investment services without a license cannot provide their clients with any sort of protection.
Megamarkets Regulation
Megamarkets is unregulated and most likely totally illegal, which ultimately means that your funds will be in danger if you deposit! So, yet again, there is another reason to stay away from Megamarkets!
As there is no regulation, the people running the platform can pocket your money while bearing no responsibility for their criminal actions. They can disappear any time without notice. Companies providing online investment services without a license cannot provide their clients with any sort of protection. In contrast, regulated firms are required by law to adhere to a slew of regulations that ensure the safety of clients’ funds. For example, in most jurisdictions, a company will get a license if it meets the minimum capital requirement that varies by country and may also depend on the product specification, business classification and so on.
To make sure you are dealing with a regulated and known investment platform, you should be able to find easily who is the CEO of this investment firm, who is running it etc. Lack of information is a big red flag since you don’t know who will be dealing with YOUR MONEY. This is the reason why they are dangerous to deal with.
On top of that, once you click and provide them with your e-mail and contact number they will ring you immediately and promise you anything to make you deposit money with them as fast as possible. Most of the scammers are experienced manipulators and before you know it they’d ask for your bank card numbers to assist you with the deposit. You shouldn’t provide this information. There is also a chance to become a victim of Identity theft, experiencing many more problems consequently.
Megamarkets Complaints
Depending on the amount of experience people have with investment platforms, it may be easy to tell what is legitimate and off-base before the problem starts. However, most of you may not be aware that a platform is problematic before you already signed up. If they show any of these signs, either avoid them entirely or look very carefully before proceeding:
🔴 Not regulated
🔴 High fees and commissions
🔴 Not enough information on the website
🔴 Poor communication and refusal to answer questions
🔴 Pushy manner
🔴 Keeps mentioning rules and fees that were not outlined in the contract
🔴 Does not let you withdraw money from your account
Megamarkets Products and Services
Megamarkets is not safe, and we say so because it’s an unregulated investment platform – these schemes are never secure. They always promise things they won’t deliver, and Megamarkets makes no exception – they claim that customers can earn big money, which is a scam offer seen from any viewpoint! Such promises are ludicrous, and they show that Megamarkets is a suspected scam you should avoid! Beware!
Megamarkets Customer Support
Megamarkets allows you to contact them through telephone contact and email. They do not provide any location data. There is no certainty in the contact information available.
You ought to receive an instant reply to your query, if not fast. Nevertheless, fraudsters cut off communications upon receiving your money. It is improbable to deliver a friendly interface without proper customer relations. Active customer support assists in determining more trust in the company.
Are Funds Safe With Megamarkets?
With such lack of information and Megamarkets being unregulated, funds are not safe. Security of funds is a huge problem with unregulated investment platforms. A red flag that we noticed is that they are withholding vital information to users. They could go bankrupt from one day to another since there are no banking information about them.
They does not guarantee the security of funds. The safety of your money is a top factor to consider in any platform. Any red flag is a warning you should not ignore. Investing your money with anonymous platforms not only puts your money at risk. Your data may fall into the wrong hands attracting criminal activities during the registration process.
Megamarkets Withdrawals
The point at which many of our clients realize they are dealing with a scam broker is when they request to withdraw funds and the broker either won’t allow them or will make it difficult. They may employ the following tactics:
🔴 Will aggressively urge clients to make additional trades. The client often acquiesces because the broker will be quite pushy and make it clear he or she is in control since they hold the client’s funds
🔴 Will charge high withdrawal fees. Many clients will instead try to make more money to cover these high fees and will make more transactions instead of withdrawing
🔴 Cease communication. They may be evasive or simply not communicate at all.
If Megamarkets is doing any of these things to avoid releasing your funds, contact our experts today.
Megamarkets Review: our Conclusion!
Megamarkets is an unregulated platform to avoid. Their method for investment is unreliable. Unregulated investment scams, in particular, are usually operated anonymously. Sooner or later, the service will inevitably close. They usually target traders and investors with little or no experience by promising fictitious investment opportunities. You’d better stay far away from unregulated entities and trade with regulated platforms only.
There is also the insolvency protections that unregulated platforms does not have access if they go bust.
Platforms who are not registered with or regulated by a regulatory organization are considered unregulated. Because they are not subject to any laws or restrictions imposed by financial regulatory organizations, they are free to trade as they see fit. Choosing an unlicensed platform comes with its own set of disadvantages.
If you have been scammed, leave a comment or if you wish to arrange a free consultation, feel free to submit your complaint by clicking the button bellow.
ℹ️ Megamarkets Details
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💻 Website URL : www.megamarkets.com
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👮 Regulation : Unregulated Investment Company
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🧭 Headquarters : N/A
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🏧 Minimum Deposit : N/A
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⚖️ Investment Plan : N/A
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🚨 21/02/2023 : FCA Warned Against Unauthorised firm - Mega Markets
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🚨 24/02/2023 : Financial Services and Markets Authority (Belgium) Warned Against Megamarkets
⚠️ Megamarkets not paying? Share your experience and get help
📋 Fill out the form here and get a free consultation today.
Mega markets took 250US from me. I tried to withdraw the money as I got a bad feeling about them as they were pushy to try and make me put more money in. When I couldn’t withdraw money I realised it was a scam.
I joined mega markets as one lady from my sons swimming told me about it and said she had friends that made money from them and that they were good. I would not have done it otherwise as I have no experience with trading.
I am more worried if they use my information in something else that can later down the track steal my identity.
I was scammed by Megamarkets. They took $40k and will not let me withdraw any of my investment or earnings. They tried scamming me at the end again saying I have to pay 18% capitol gains tax. The authorities have confirmed it’s a scam and are pursuing them now.
Hi, I deposited the minimum US$250.00 in November 2022 initially with Bitradercode. The first manager from Bitradercode transferred my account to Megamarkets. A second manager said he was not prepared to manage my account unless I deposited a further $5000.00 minimum. I said I wished to close the account. He could not do this and was to refer it to the finance department. A few days later I got an email from a third manager. He was going to phone me. I replied stating I wished him to arrange closing the account. A day or two later a trade appeared in my account showing a profit of around $90.00. I then made a withdrawal request on the site for the total amount in the account. This was declined. A few days later another person telephoned me. He stated that he was the main person in charge of Megamarkets and wished to discuss why I wished to close the account. We talked for close to 40 minutes. He suggested that I allow him to manage my account for one week. He could guarantee to make money for me. As that was a Friday he arranged to telephone me the following
Monday. A few more profitable trades were made on my account by him bringing the total to $616.19. I made another withdrawal request for the full amount. When this 4th manager telephoned me on Monday he got quite upset when I questioned why my first withdrawal request was declined, and I asked how long it would take for the second withdrawal request to be approved. He kept wanting to talk about how he could make me money but that I needed to put more funds into the account. Once again I requested the account be closed. A few days later a 5th manager telephoned. He again tried to get me to deposit more funds. I declined saying I first wanted to know I could withdraw money. He said he would arrange for my original deposit to be sent to my credit card. The balance would still be in the fun. Now waiting for that to happen.
MegaMarkets are scammers! As soon as you ask for a withdrawal they ignore you and try and get you to invest more.
Please stay away from them. Had the same experience as Clive.
We have the same experience as Clive, D. and all the others. I invest in december 2022 €250 but noticed Megamarkets was a fraud! I asked my money back for several times but i did not succeed. I filled in the withdrawal formular, including the additinal documents as identification and prove of domicily, but till now i did not hear anything and no reaction of them!
In the meantime till now i have been telephoned by several different persons (total 8 till now!!) who did pushing me to invest more money! When i told them i did not, they told me that my investment was too low to make more profit?! I react tat tis was not according to there information by the start. No reaction. Two persons promised me to send back my investment, but till now i have nothing received on my account! My conclusion: Megamarkets is a fraud! No communication is possible, information is false etc.etc.
Same as all the others above.
I was first contacted by Jack Davis from Bitrader who linked me to a broker at megamarkets called Chris Cooper who comes across as a calm and collected individual who knows the markets and was there to help.
He introduced me to a very unlikeable and abrupt, rude and angry Lauren Van de burg.
She came across as an analyst, tried very hard to get us to part with more money and even aggressively attacked me on the phone, playing bad cop, and then putting me over to good cop Chris Cooper.
In the end my small investment with 1800€ climbed to 25000€ and when I proposed to take out 10000€ they tried to tax me half od that and cancelled my account.
I have now sent emails and text messages but no answer what so ever.
They are a huge fraud. Watch out.