Mega Profits Trading - Scam Report
megaprofitstrading.net•Reported: 3/5/2024•Unknown
High Risk
Active Scam
DANGER: This broker has been confirmed as fraudulent. Do not deposit any money with this company. If you have funds with them, contact your bank and local authorities immediately.
Executive Summary
Uses bonus traps to prevent withdrawals and manipulates slippage to cause losses. Claims fake industry awards.
Mega Profits Trading uses sophisticated bonus trap schemes to prevent withdrawals and manipulates trading conditions to cause client losses. The company claims fake industry awards to appear legitimate.
How They Scam Traders
- Offers large bonuses with impossible withdrawal conditions
- Manipulates slippage to cause trading losses
- Charges hidden fees not disclosed upfront
- Claims fake industry awards and certifications
- Uses aggressive retention tactics to prevent withdrawals
Scam Timeline
9/15/2023
Website launched with bonus promotions
12/20/2023
First complaints about bonus trap conditions
1/30/2024
Slippage manipulation evidence surfaces
2/28/2024
Official scam warning issued
3/5/2024
Added to scam broker database
Red Flags to Watch For
Unrealistic bonus offers
Hidden terms and conditions
Excessive slippage on trades
Fake industry recognition
Aggressive retention tactics
Evidence Collected
- Screenshots of impossible bonus conditions
- Trading records showing excessive slippage
- Hidden fee charges in account statements
- Fake award certificates debunked
Impact Statistics
125
Affected Traders
$800K
Total Reported Loss
78
Filed Complaints
Reported Issues
Bonus trap
Hidden fees
Slippage manipulation
Fake awards
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