Reported as a scam / unregulated
Why MegaTraderFX is on the register
MegaTraderFX claims 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. We indeed found a match result to Trading Point of Financial Instruments Limited in CySEC. But as per the regulatory details shown on CySEC, the approved domains of the firm includes “www.trading-point.com; www.xm.com; and www.pipaffiliates.com.” That means MegaTraderFX actually has no connection with the licensed firm since the domain used by MegaTraderFX does not include in the approved domains. The truth is, MegaTraderFX is not under valid regulation by any regulators to provide investment services. Investors’ funds in this company are unsafe and cannot be protected by any law. Therefore, it is 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.