General Information & Regulation
Founded in 2019, MEGAPRO is an online broker specialize in a range of products to indices, shares, commodities, ETFs, and options. MEGAPRO is said to be registered in England, with the company behind it called OmegaPro LTD. However, as a UK-based broker, not falling under regulation of FCA, this entity is an unregulated broker.
Markets Instruments
MEGAPRO offers more than 200 trading instruments ranging from currencies and commodities to indices, with over 70 currency pairs, including major, minor, and exotic pairs.
Minimum Deposit
MEGAPRO requires a minimum deposit of $100. Although this sounds reasonable, traders are not advised to register real trading accounts given the fact that MEGAPRO is not regulated.
Leverage
Trading leverage offered by MEGAPRO is 500:1, which is considered high. Since leverage can amplify gains as well as losses, inexperienced traders are not advised to use too high leverage.
Spreads & Commissions
MEGAPRO does not charge any commissions on trading and instead makes its profit via spreads. However, MEGAPRO is vague about its spreads conditions.
Trading Platform Available
When it comes to trading platform available, what MEGAPRO offers is not the MT4 or MT5 trading platform, maybe a proprietary platform. MEGAPRO does not make this part clear.
Deposit& Withdrawal
In terms of payment methods working with MEGAPRO, traders can fund their accounts through advcash, Bank Transfer, Bitcoin, UnionPay, Ripple Coin, MasterCard, USDT, as well as Visa.
Customer Support
MEGAPRO website is multilingual, and its customer support can be reached through telephone, as well as some social media platforms including Facebook, Twitter, Youtube, etc.
Restricted Regions
OmegaPro LTD does not accept applications from residents of the U.S, Canada, Islamic Republic of Iran and UAE.