Mega Stack Review – Tips On How To Recognize Fake Brokerages

Mega Stack company is one of those that are changing domains regularly. But also vanishing and resurrecting quite quickly. Don’t be surprised if they come up with a different brand soon. If they didn’t already.

Nevertheless, even without FCA warning, you could see scamming patterns. We are going through every bit of their offer and conditions in this Mega Stack review. Hopefully, it will help you avoid other illicit brokers in the future.

Legal info: Is Mega Stack legit or a scam?

To sum it up, they are a scam. Here’s why. Firstly, the company claims to be regulated by the UK’s FCA. Not only is that a lie, but FCA has issued a warning against them. In addition to that, the company doesn’t have any other Tier 1 license. For example, CFTC, BaFin, or ASIC. To be honest, such regulated brokers wouldn’t be on the FCA warning list.

Anyway, after this discovery, you can’t trust mega-stack.com a bit. Very often, you will see such brokers promising funds protection features. For instance, negative balance protection, segregated bank accounts, or compensation schemes. However, without regulation backup, that’s worthless.

Who are Mega Stack clients?

To make everything even worse, the company has targeted traders from some highly regulated countries. If your country is not on the list, comment below and share your opinion about the firm. Most of the victims are coming from:

• United States
• Mexico
• Brazil
• Canada
• India

Leverage, Commissions, Spreads, Fees and Taxes

One of the leading scam signs is a lack of transparency about trading conditions. This way, the brokerage ensures a manipulative trading environment that you can’t choose. At least not before depositing money. Keep in mind that all UK-based brokerages can offer a maximum leverage of up to 1:30.

Sadly, without a demo account access, we are not able to test their spreads and commissions. Moreover, there are no publicly available Mega Stack reviews, so that we can see what other traders say. Anyway, not worth the trouble. To see why transparent trading conditions are important, read our DMG Markets review.

Mega Stack Trading Features

The company has been presenting itself as trusted and reliable. Yet, with their web-based software, that’s far from reality. Obviously, they are all about manipulation, one way or another. But very shortly, you will see more and more warning signs.

Trading Platforms Available

In general, experienced traders prefer trusted third-party software solutions. Some of the most popular ones are cTrader and MetaTrader. Yet, Mega Stack broker chooses a web-based platform.

These platforms very often offer only basic trading tools, indicators, and charting customization options. But the biggest flaw comes with the acknowledgment that the market data and profits can be manipulated. But if you check our Axecap review, you will see that software can’t make a broker legitimate.

Available Trading Assets

Another flaw of the Mega Stack scam broker is that it is missing one key instrument category – stocks. As one of the easiest-to-understand categories, many traders start with that first. Instead, you will have to choose between:

• Forex – USD/GBP, AUD/NZD, EUR/SEK
• Indices – DAX 30, FTSE 100, ASX 200
• Commodities – gold, natural gas, crude oil
• Cryptos – BTC, ETH, LTC

Account Types

The account types with Mega Stack company present nothing more than the amount they want to steal from you. None of the benefits are real, and you shouldn’t fall for their dirty tricks to deposit more money.

After all, they have an unreasonably high minimum deposit requirement of $500. Yet, they don’t offer any micro trading or demo account options.

Mobile Trading App

Trading on a mobile device can be quite frustrating sometimes. But that’s happening only if you do it through the browser, which is the case here. Sadly, there are no iOS or Android apps available.

Demo Account

Generally speaking, scam brokers who are hiding trading conditions won’t offer a demo account. Otherwise, they would expose more and more flaws they have. 

Instead, you can choose a top-tier licensed firm and enjoy maximum comfort and security.

Education

Educational packages with non-licensed firms can be quite tricky. Primarily because those companies are not authorized to provide financial services. Therefore, how can they teach you? Currently, the company is not offering anything, which we can consider positive, knowing they are known as a scam company.

Mega Stack Withdrawal

One of the major warning signs not to deposit here is their funding method. In fact, the company only accepts anonymous crypto payments. On top of that, these are hardly traceable transactions. 

But be careful; there are also payment options that might look legitimate. Sometimes, you’ll have the option to pay with the card, while in reality, you are purchasing crypto directly in their wallet. Make sure you research that before sending any money. 

Lastly, the company is not sharing any precise fees. Consequently, you can expect manipulations there as well.

Customer Support

The company offered only e-mail and phone numbers as contact options to make everything worse. But when they disappear, nothing of that matters. You won’t be able to get in touch with them anyway. After all, you can see why regulated companies are far more reliable, even for support options.

Key Information To Consider About Mega Stack

Everything about this company is suspicious. Starting with ownership and contact details, lack of regulations, and misleading information about licenses. Not to mention shady software and fairly unclear trading conditions. All in all, nothing to cry for.

We know it’s hard to accept that you were scammed. But it’s not the end of the world. Neither is that first or last time. However, it’s important to know the steps for funds recovery. Since you were most likely sending crypto to this firm, we suggest you contact our refund specialists today. With our CipherTrace technology, you can be closer to your money than you think. Book your consultation now.

FAQ Section