Reported as a scam / unregulated
Why Mega Trader FX is on the register
Mega Trader FX states that its brokerage services are provided by Trading Point of Financial Instruments Limited, an investment firm regulated by the Cyprus Securities and Exchange Commission (CySEC) under license number 120/10. While this CySEC-licensed entity does exist in the official register, our verification reveals that none of the three domains officially listed under this CySEC license correspond to the Mega Trader FX platform. Mega Trader FXâs claim of being part of or operated by Trading Point of Financial Instruments Limited is unfounded, and potentially fabricated to mislead investors into believing it benefits from CySEC oversight. Therefore, Mega Trader FX appears to be a scam.
If you have money with this broker
- Stop sending funds. Do not pay any further “fees”, “taxes” or “verification” charges to release a withdrawal — this is a common secondary scam.
- Preserve evidence. Save transaction IDs, wallet addresses, chat logs, and every screenshot before the account is closed.
- Report it. Notify your bank/exchange and your national financial regulator so the activity is on record.
- Get guidance. Tell us what happened and we will point you toward the right next step. We are a free public registry — we never charge any fees.
SentFunds is an information and referral service. Listing reflects reported concerns and public findings; it is not a legal determination.