Verified: Mega Copy Trade operates https://megacopytrade.com/ through the website.
The company's website is currently down and inaccessible, appears to be out of business, and with immediate details about the company not immediately available, traders must be vigilant in case their funds are compromised due to scams.
On October 29, 2024, the UK's Financial Conduct Authority (FCA) issued a warning against MEGA COPY TRADE, believing that the company may be providing financial services or products in the UK without authorization.
Reviewed Mega Copy Trade is an unregulated broker
Mega Copy Trade claims to be a US-based stock broker that provides investment services to traders in global markets. But there are no detailed financial services licenses and other license letters. Companies providing financial services must have a financial license in their country of residence.
Upon investigation, we discovered that Mega Copy Trade is not regulated by the National Futures Association (NFA). The Financial Conduct Authority (FCA) in the UK has issued a warning against Mega Copy Trade, arguing that the company may be providing financial services or products without authorization in the UK.
The truth is that Mega Copy Trade is not regulated by any regulators. It is not safe to let them hold or control investors' funds, and they are not protected by any law.
Mega Copy Trade is a scam.
And most non-compliant brokers do not disclose providing their direct and authentic contact information, such as phone numbers or company addresses.
Note: Mega Copy Trade operates as an unregulated broker, which means that clients' investments may not be adequately protected. The absence of regulatory authority to hold companies accountable increases the risk of potential financial losses.
If you invest with an unregulated broker, there's a good chance they'll run away with your hard-earned money without any recourse. Therefore, investors must be extremely cautious and remind everyone to stay away from these unregulated as much as possible when choosing a broker.
