Brokers  /  247megatrade

247megatrade

Moderate risk
🇬🇧 United Kingdom · 2-5 years · since 2021-12-20 · 247megatrade
This is a , not a leveraged forex/CFD broker — listed for reference. If you’re looking for a forex broker, see our forex broker directory.
Unregulated
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Independent ratingshow third parties score this broker
WikiFX1.49/10
Trustpilot/5
Forex Peace Army/5
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No sign that 247megatrade actively operates in your country (United States). If you were solicited from here, be extra cautious — it may be an unregulated approach or a clone.
49
Moderate risk
Scam Risk Scoremonitored · 2026-07-28
Lower riskHigher risk
  • No verified regulatory license on file
  • No verifiable website or social-media presence
How this score is calculated — view the open algorithm

A transparent weighted score from objective public data — each factor scored 0–100 (higher = riskier), combined by the weights below.

FactorScoreWeight
Regulation & licensing8535%
Company age4515%
Clone / impersonation012%
Withdrawal & exposure complaints012%
Offshore registration108%
Transparency (site/info/social)7810%

Based on public regulatory records, industry databases and independent reviews (Trustpilot, Forex Peace Army). Exit Risk reflects recent negative momentum in real reviews. A risk estimate from public data, not a definitive legal judgment; brokers may request a correction.

Company
Legal name247megatrade
Headquarters🇬🇧 United Kingdom
Founded2021-12-20
Years operating2-5 years
Employees0
Official website247megatrade.com
Trading conditions
Avg execution speed0 ms
Avg slippage0
Swap rating
Trading cost rating
Monitored traders0
Monitored orders0
Funding & instruments
Deposit methods
Withdrawal methods
Instruments
Registered address
41 Wignore Street, Marylebone London, W1U 1PR

Regulation & licenses · 0

No valid regulatory license found — high caution advised.

Review analysis AI

247megatrade is an unregulated broker with minimal publicly available information, resulting in a high risk profile. The absence of regulatory oversight and lack of transparent disclosures make it unsuitable for most traders. FXCanary’s Scam Risk Score of 49/100 (Guarded) reflects these concerns.

Not for
  • Traders seeking regulated brokers
  • Those requiring transparent fee and product information
  • Investors who value client fund protection and dispute resolution
Period:

Real user reviews

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About 247megatrade

Overview

247megatrade is a trading entity registered in the United Kingdom, with an official domain of 247megatrade.com. According to public records, the company was established on 20 December 2021 and lists its registered address at 41 Wignore Street, Marylebone London, W1U 1PR.

However, no regulatory licenses are on file for this broker, meaning it is not authorised or supervised by any recognised financial regulator. As a result, independent public information about the broker’s operations, trading platforms, and client protections is extremely limited.

Regulation and Safety

Our review of the available records found that 247megatrade holds no licences from any major regulatory body, such as the UK’s Financial Conduct Authority (FCA), the Cyprus Securities and Exchange Commission (CySEC), or any other tier‑one regulator.

This lack of oversight means that clients do not benefit from regulatory protections like compensation schemes, dispute resolution mechanisms, or segregation of client funds. Traders should exercise extreme caution when considering this broker.

Products and Services

Due to the absence of a verifiable official website and limited public information, we cannot confirm what financial products or services 247megatrade offers. The broker’s name suggests a possible focus on trading or investment services, but no concrete details are available.

Potential clients should be aware that without regulatory oversight, the legitimacy and transparency of any offered products cannot be guaranteed.

Account Types and Platforms

No information regarding account types, trading platforms, or leverage offerings is available for 247megatrade. The broker does not appear to disclose these details on any publicly accessible and verified channels.

This lack of transparency is a significant red flag, as legitimate brokers typically provide clear information about their account structures and trading conditions.

Deposits and Withdrawals

There are no public records or user reports detailing the funding methods, withdrawal processes, or fees associated with 247megatrade.

Without this information, traders cannot assess the convenience or reliability of moving money in and out of the broker, adding to the overall risk.

Customer Support

We were unable to find any customer support contact details, such as phone numbers, email addresses, or live chat, for 247megatrade. The broker does not appear to have a verifiable presence on social media or major review platforms.

This absence of accessible support channels makes it difficult for clients to resolve issues or seek assistance, further undermining trust.

Conclusion for Traders

In summary, 247megatrade presents a high level of uncertainty due to its unregulated status and a near‑total lack of transparent public information. Traders are strongly advised to avoid depositing funds with this broker and to consider only fully regulated entities that offer clear, verifiable details about their operations.

The information provided here is based solely on official registry data; any claims made by the broker itself could not be independently verified, which should be a matter of serious concern for any potential user.

Overview compiled by FXCanary from regulatory records and public data. full 247megatrade review