Question 1

Is Mega Equity beginner-friendly?

FXScope Intelligence Lab · Accepted Answer

Mega Equity may present some challenges for beginner traders. The broker requires a minimum deposit of $500, which is relatively high compared to many brokers that accept $100 or less. Additionally, the broker does not offer popular MT4 platform and has limited customer support options (no live chat or email support - only phone and feedback form). However, it does offer STP/DMA execution, micro lots (0.01 lot), and educational resources through its own platforms. The high leverage up to 1:400 could be attractive to beginners but also increases risk significantly. The broker's regulation by CySEC provides some security for new traders.

Question 2

Is Mega Equity regulated and are client funds protected?

FXScope Intelligence Lab · Accepted Answer

Yes, Mega Equity is regulated by the Cyprus Securities and Exchange Commission (CySEC) since May 2003 (CIF License No. 011/03). As a CySEC-regulated broker, it must maintain at least EUR 730,000 in capital to demonstrate financial stability. Client funds are held in segregated accounts separate from company funds. All CySEC-regulated brokers participate in the Investor Compensation Fund (ICF), which provides protection up to EUR 20,000 per retail client if the broker becomes insolvent or fails to meet its obligations. Mega Equity is also a member of the Cyprus Stock Exchange and Athens Stock Exchange, providing additional oversight and regulatory compliance under MiFID II.

Question 3

What are Mega Equity's trading costs and commission structure?

FXScope Intelligence Lab · Accepted Answer

Mega Equity offers competitive but unique pricing structure. The broker provides tight interbank variable spreads averaging 0.1 pip on EUR/USD. However, it charges a commission of $14 per lot per side, which means total trading costs average approximately 1.5 pips per lot when combining spread and commission. While the spreads are competitive, the fixed commission structure may be higher than some competitors who offer commission-free accounts. The leverage offered is up to 1:400, which is considered high but also increases both profit potential and risk exposure significantly.

Question 4

What is the minimum deposit required to open an account with Mega Equity?

FXScope Intelligence Lab · Accepted Answer

The minimum initial deposit to open an account with Mega Equity is $500. This amount is required to fund your trading account before you can begin trading. While this minimum deposit is higher than many online brokers that accept deposits as low as $100 or even $1, it aligns with Mega Equity's positioning as a professional brokerage service. The company states this requirement clearly for all new clients, and this deposit can be made via wire transfer, bank cards, or electronic payment systems including Skrill.

Question 5

What trading platforms does Mega Equity offer?

FXScope Intelligence Lab · Accepted Answer

Unlike many brokers that offer MT4, Mega Equity provides proprietary trading platforms. The main platform is called 'Multiclient,' which is specifically designed for global equities trading. They also offer 'Periskope,' an application for real-time market watch and investment portfolio management. For international stock trading, clients get access to 35 foreign stock markets through XNET Network, which is an electronic trading platform of the Athens Stock Exchange. While these platforms may offer good functionality, the lack of popular third-party platforms like MT4 or cTrader may be a disadvantage for traders who prefer familiar interfaces and trading tools.

Question 6

How can I deposit and withdraw funds from my Mega Equity account?

FXScope Intelligence Lab · Accepted Answer

Mega Equity supports several methods for both deposits and withdrawals: wire transfers, bank credit/debit cards, and Skrill electronic payment system. According to user reviews, there have been some complaints about withdrawal processes being complicated and experiencing delays. Support for withdrawals is available via phone and feedback form only, as the broker does not offer live chat or email support. The minimum deposit requirement is $500, and there is no specific information disclosed about minimum withdrawal amounts or processing times. Given the reported issues in some reviews, traders should be prepared for potentially lengthy withdrawal procedures and maintain detailed records of all transactions.

MEGA EQUITY

Key highlights

MEGA EQUITY SEO overview

Regulatory coverage

Safety summary

Profile freshness

Similar Brokers You Might Like

instaforex

TrioMarkets

RoboMarkets

TopFX