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MEGA EQUITY

Suspicious Clone
Cyprus
Since 1999
Last Updated:

Trading Conditions

Min Deposit:
USD500
Max Leverage:
400
Account Types
  • ETF

Official website

mega-equity.com

Also on our record

  • megaequity.comListed domain

Funding Methods

5 methods

Bank Transfer (Wire Transfer)

wire transfer
Up to 2 days
Fee:Not recorded
Fee:Not recorded

Credit Cards (Visa, Mastercard)

credit card
Instant
Fee:Not recorded
Fee:Not recorded

Debit Cards

debit card
Instant
Fee:Not recorded
Fee:Not recorded

Skrill (E-Wallet)

e wallet
Instant
Fee:Not recorded
Fee:Not recorded

Cryptocurrency

crypto
Not recorded
Fee:Not recorded
Fee:Not recorded

Trust rating

High risk

43 out of 100 · 59% checked· Provisional

The licences it claims have not been checked on any official register.

We checked MEGA EQUITY on 2026-10-26 across its regulation, company record, client terms, trading offer and service, and could verify 59% of its record. It claims 1 licence on its site, but none has been checked on an official register yet. The score of 43 is what the checked record adds up to; nothing held it down. The rating stays provisional until a claimed licence is checked on an official register. What would move the score: licence held by the onboarding entity, verified age, transparency. No investigation has been published yet, so complaints and reputation are unknown. Its client terms have not been reviewed yet.

Score last calculated 2026/10/26

Company Information

Full Name:Mega Equity Securities And Financial Services Public Ltd
Founded:1999
Headquarters:Cyprus
Enterprise Offices:1offices

Customer Support

Phone:
+357 22711711
Live Chat:
Available
Response Time:
—
Languages:
English
Scroll Down
Editorial review
Updated

Broker Summary

What Wikilix has recorded about MEGA EQUITY: its history, the licences it holds, its trading conditions and its fees.

Introduction

In the fast-changing landscape of financial services, firms like Mega Equities have sought to establish a market position by appealing to both individual and institutional clients with a broad range of financial products. Established in the late 1990s, Mega Equities has positioned itself as a European public joint-stock company based in Cyprus, offering a wide variety of financial services as a "one-stop shop" for financial needs across different markets.

However, after being in business for so long, the company's current regulatory situation and the limited publicly available information raise significant issues for prospective investors and clients. This article will explore the company's history and services, the regulatory landscape, and its overall reputation in the financial services marketplace, providing the reader with a comprehensive understanding.

Background and History

Mega Equities was established in 1999 by a collective of experienced investment professionals who had worked in the financial services industry. Due to the founders' privacy, limited information is available on Mega Equities and its history; however, one can infer that the company's genesis was based on a foundation with an understanding of investment services and markets.

Located in Nicosia, Cyprus, Mega Equities quickly became a European public joint-stock company. By 2000, Mega Equities had become a member of the Cyprus Stock Exchange ("CSE"), which added substantial credibility and capabilities to the services it offered. Since that time, Mega Equities has sought to provide a wide variety of services to investors, including potentially institutional clients.

Company Highlights and Services

While Mega Equities positions itself as offering diverse financial services, the details on why it offers "diverse" services to the market are limited. The organization serves both individual and institutional clients. This demonstrates some flexibility regarding the structure of client types (accounts), account management, and investment philosophies.

However, it does not clearly specify the specific trading accounts, the breadth of financial instruments, or the specific trading technologies. Therefore, it is unclear to what extent they have any competitive advantages or differentiators.

Instruments and services

It does not explicitly list the types of instruments it has; however, it is highly likely to have common access to financial markets, including stocks, forex, and commodities, given that it appears to be a well-established financial services company. Again, however, without specific confirmation, it seems prudent to remain cautious with a potential client for the company.

Regulatory compliance and licensing

The regulatory aspect remains among the top factors in evaluating any financial services firm. The company is based in Cyprus and is regulated by CySEC (Cyprus Securities and Exchange Commission). However, they are currently marked as a "suspicious clone," a serious red flag for licensing and legitimacy.

This further indicates they may take or misuse the identity of a licensed entity through the statutory route, raising issues regarding client trust and protection.

Regulator

License Number

Status

Cyprus Securities and Exchange Commission (CySEC)

011/03

Suspicious Clone

 

Trading conditions and platform technology

There is no publicly available information on Mega Equities' trading conditions, including spreads, leverage, minimum Deposit, or commissions. Trading conditions should not be vague, as transparent markets enable assessment of how competitive and cost-effective the company's services are.

There is also no public information available on the platform supported by Mega Equities (applications, desktop, or mobile). Another vague consideration for potential clients is the company's level of technological sophistication and usability.

 

Fee structure

The fee structure is relevant for investors to understand the total cost of trading and investment management. Accordingly, there is vague information about fee policies on the Mega Equities platform. Publicly listed information on Deposit, withdrawal, and inactive fees, as well as any other commissions, is missing.

Potential clients may also be deterred by a lack of clarity in said policy if they value clarity and openness in their financial entity.

Fee Type

Details

Deposit Fees

Not specified

Withdrawal Fees

Not specified

Inactivity Fees

Not specified

Other Charges

Not specified

 

User Experience and Market Reputation

Mega Equities' reputation is diminished by its status as a suspicious clone. Consumers associate reputation with trust when they start evaluating a financial service provider. Therefore, clients have a risk exposure without knowing that it has verified licensure, and any (positive or negative) orientation of business operations.

There is no above-average consumer rating or feedback on Mega Equities; at this point, it is mildly neutral, lacking virtue, or even positive. Minimal users have a poor user experience, which may also be due to substandard support. In addition, the website is inactive, which creates little, if any, trust in any consumer activity.

Recent developments

There are currently no significant updates or news regarding Mega Equities since 2024. The company does not have an operational website, and there have been no regulatory announcements or key date changes. The absence of information may also indicate that the company has business challenges or is undergoing operational evolution.

Conclusion

Mega Equities presents as ambiguous about its status as a longstanding company, its broad service base, and its regulatory woes, and is vague about the details of its operations. Mega Equities is a credible position, as it is a European public joint-stock company and a member of the Cyprus Stock Exchange. Still, its anonymous nature leaves it vulnerable, as it has been classified as a "suspicious clone" by CySEC, which compromises its legitimacy.

Potential clients should approach cautiously before researching the client's business size, scope of offerings, and authenticity. Clients should not feel that all the answers on any website about trading services, investment fees, or hosting platforms are relevant until a real policy is established. The above may also compromise logical decision-making. Finally, security-based consistency in the competitive service of banking institutions regulated in financial services is part of understanding transparency, trust, verifiability, and sustainable success.

Regulation check

Regulatory Licenses

MEGA EQUITY is listed with a tier-1 or tier-2 licence that we have not yet checked against the regulator's register. An unchecked licence is not a finding either way.

0 of 1 checked
Licences on record
1
Confirmed on register
0
Tier 1 or 2
1
Offshore
0

WIKILIX

Licence intelligence

The only licence on file

Licence Verification Record

Cyprus Securities and Exchange Commission 011/03

Recorded from the firm's own disclosure. Not yet checked against the register.

Jurisdiction
Cyprus
Authority strength
Tier 2
Licence type
Market Making(MM)
Not yet checked on the register

Client protection under this licence

  • Compensation schemeUp to €20000 (ICF)
  • Client money kept separate
  • Negative balance protection
  • Complaints routeCyprus Financial Ombudsman
  • Maximum leverage1:30

These are the rules CySEC sets for the firms it licenses. They are not a statement about how MEGA EQUITY applies them, or about which of its companies would hold your account.

A licence record describes what an authority published. It is not an endorsement, and Wikilix does not issue authorisations.

Trading accounts
Updated

Account Types

One account type on record.

1 account type
AccountMin DepositMax LeverageCommission
ETFInvestNot recordedNot recordedNot recorded
Account names and conditions as published by MEGA EQUITY, recorded by Wikilix.
Deposits & withdrawals

Funding Methods

5 ways to fund an account. 3 credit instantly.

5 methods
MethodDeposit feeWithdrawal feeMin depositWithdrawal min / maxProcessing
Bank Transfer (Wire Transfer)Wire TransferThird-party fees from banks/payment providers may apply.Not recordedNot recordedUSD 500Not recordedNot recordedUp to 2 days
Credit Cards (Visa, Mastercard)Credit Card1Not recordedNot recordedUSD 500Not recordedNot recordedInstant
Debit CardsDebit Card1Not recordedNot recordedUSD 500Not recordedNot recordedInstant
Skrill (E-Wallet)E-WalletThird-party fees from payment providers may apply.Not recordedNot recordedUSD 500Not recordedNot recordedInstant
CryptocurrencyCryptocurrencyNo evidence of crypto deposits or withdrawals.Not recordedNot recordedNot recordedNot recordedNot recordedNot recorded

Broker's notes on these methods

  1. Third-party fees from card issuers may apply. · applies to 2 methods
Fees, limits and processing times as published by MEGA EQUITY, recorded by Wikilix.
Websites

Global Domains

One domain on record. All active and served over HTTPS.

1 domain
  • megaequity.comListed domainActiveHTTPS
Domains recorded by Wikilix. Only a domain listed here is known to belong to this broker.
Social channels

Social Presence

2 official channels on record.

2 channels
Channels as published by the broker, recorded by Wikilix.
Legal entities

Corporate Network

One legal entity behind the MEGA EQUITY brand.

1 entity
  • Mega Equity Securities And Financial Services Public LtdActiveCyprusRegistration HE107394Established May 12, 2003
Entities named in the broker's own documents and company registers, recorded by Wikilix.
Frequently Asked Questions

Frequently Asked Questions

Common questions about MEGA EQUITY

Most Popular Questions
Mega Equity is regulated in Cyprus and serves clients globally with exceptions. It prohibits clients from the USA, North Korea, Iran, and other sanctioned countries. These restrictions align with CySEC's regulatory requirements.
Mega Equity provides customer support via phone at +357 22711711, live chat during business hours, and email at sales@megaequity.com. Support is available in English, and the broker maintains active social media profiles on Facebook and Twitter.
Mega Equity offers a maximum leverage of up to 400. This leverage level is higher than the regulatory limit of 30 set by CySEC, indicating possible account types or conditions that allow increased leverage.
Mega Equity supports deposits via bank transfer, credit cards, debit cards, and Skrill e-wallet, with a minimum deposit amount of 500 USD. Bank transfers may take 2 to 5 business days, while card and e-wallet deposits are usually instant. Third-party fees from banks or payment providers may apply.
Mega Equity Securities & Financial Services Public Ltd. offers at least two trading platforms: their proprietary “MultiClient” platform for global equities trading and the “Periskope” mobile app for real-time market watch and portfolio management.
Mega Equity Securities And Financial Services Public Ltd is regulated by the Cyprus Securities and Exchange Commission (CySEC) under license number 011/03. CySEC is an onshore regulator with a high transparency level and client fund insurance up to €20,000. However, the broker is currently marked as a suspicious clone according to WIKILIX data.
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