MegaFXSignals.com Review

3.015 • 38 REVIEWS
Updated: Aug 15, 2022
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3.015 • 38 REVIEWS

Traders Reviews

F
Melbourne, Australia,
Mar 30, 2022,
Registered user

Major losses to date

Service use: Demo Length of use: 0-3 Months
I ran MegaFX and MegaVIP signals on an account for a 3-4weeks now.
Overall the account is DOWN $7691

This isn't personal, I actually like watching the signals trading, just a shame it's in an overall major loss despite claims they are positive and all their traders are making good profits%. How? lol I'm copying everything they're doing so either false stats or copier doesnt work?

Note: I have not intervened AT ALL with the trades.

My settings are as follows on 100k demo ICMarkets:
Indicies, 1lot
FX pairs, 2lot
Gold, 1 lot

There was definitely a discrepancy between the reported pips in weekly marketing material vs actual. My initial thoughts was there are overlapping trades (i.e. from when I joined to when copy trades started) but after 2-3 weeks this is no longer relevant and it's in a negative trajectory.

I gave 2 points due to the following positive results - but make no mistake, it's an overall loss of cash----

1. Support is not too bad, a bit frustrating when they cant seem to see history of who I am, user id, ask for verification each time but overall quite nice and helpful (sometimes they dont answer for 1-2 days, so I'm being lenient i think lol)

2. Can say the analysis conducted on order blocks, support/resistance levels etc is quite good to see. There's reasoning behind all entries but unfortunately, price action is sometimes overlooked, still, details, chart analysis is provided for entry and losses incurred which is more than i can say for other groups.

Results Breakdown
Gold was the worst performing contributing to the majority of losses. Whilst this does trade from both signal channels (FX + IC) if it was in overall profit it would reflect positively.

Trade example: At the moment, 2 trades active on gold buy (30/03/22 aussie time 16:44), entry around 1932, and left to hit SL around 1917. I'm watching gold drop to beyond 1924 at the moment and currently in about $2k floating dd.

In Summary
Oddly, you want MegaFX to do better, they seem level headed but so many negative trades not cut early enough and there's definitely something wrong with reports on pips gained through the week. Just need to focus better guys, YOU CAN DO THIS!
i.e. I saw dax/german40 lose a few times but didn't see it on weekly report
F
Reply by Megafx Signal submitted Apr 26, 2022:
Dear Trader, 

You cannot judge a forex service after trading for a short period of time. We have been in business for a long period of time, and thousands of our traders are in deep profit.

Regarding the gold trade, yes, we do agree that there were a few bad trading days where we had to struggle, but from the time you posted this comment, there were some great trades with gold. With just one gold trade, we made over 6000 pips.

Even yesterday, we gained 800+ pips on gold traders with our solid signal service. 

Kindly check our telegram channel or see this shot: https://prnt.sc/24eKjcozAloN

Customer service always tries to give their best support. We have different platforms for connecting 24/7. So it's definitely that you will always receive good support, sir. To get a faster response, you can contact @MGFXADMINBOT or email us at support@megafxsignals.com.
J
kolkata, India,
Jan 11, 2022,
Registered user

Fake statistics provided..... Mommyhumper

Service use: Live Length of use: 0-3 Months
please don't believe these guys in one word they are simply foolish mommyhumper... feminine dog. they are scamming people by misleading them. they do not give any good entry most of their signals hit stop loss.
I wasted around 60$ on these foolish love makers, promotes scam brokers. Mainly they will suck you first, then they will lead the broker to suck you.
J
Reply by Megafx Signal submitted Jan 16, 2022:
It is unfortunate how you are falsely claiming losses and failed signals. But, all of our traders are extremely happy trading with us, especially in the last 2 weeks of 2022. You will inevitably lose money if you hectically trade without following our recommended signals. But do not wrongly accuse us. If you were to stay with us for a long time, you would definitely say the opposite. The affiliated brokers on our website are world-renowned, and before subscribing to our channel, you have fully acknowledged our terms and conditions, along with signing up with our affiliated traders. Hence, before accusing us, please check your signed up forms because we run our service, serving over 300K+ traders, and none of them ever accused us.
Your comment has very little comment on how you lost or what we did rather than a bunch of curses. Please give some constructive feedback.
A
Nigeria, Nigeria,
Dec 14, 2021,
Registered user

Avoid this service, they are only good at marketing

Service use: Live Length of use: 0-3 Months
So basically if you are African, a student, a mid income earner or anyone who wants to grow consistently without gambling or a 50 50 profit 50 50 loss..then this service is what you must avoid. I hate to give bad reviews but they deserve it. And if you are reading this you are probably giving them a thought should I subscribe or not. Well the answer is not. You will lose all your money and they will pretend not to notice or worse they wont declare the loss in private or public channel. I lost my money twice and blew off my account. I am indebted right now while having strong beliefs that their service was good and i will recover my losses but i ended up in a loss, they do not ride the trend they always go against the trend and end up in a huge mess. Jus dont subscribe, you are better off going and throw your money in the streets and watch people pick them, it might give you some pride rather than this losses, by the way I am Nigerian so am very money conscious and rational. A dollar here is worth 560 of my unit currency and most people here live under 5 dollar per day if you lose 100 dollar you lose 20days worth of an average mans livelihood.
A
Reply by Megafx Signal submitted Jan 16, 2022:
Dear Mr. Asman,
In the Forex market, of course you will lose some amount, but you must be aware of the huge profit we lay out for you. On Forex trade signals, we not only provide signals, but also ensure that our traders have an accurate stop loss and take profit marks. We always recommend you to take our suggested Signals and create a strong personal risk management system. We understand your claim, but it seems you traded for a very small period of time and did in a restless manner. Please follow our websites and Telegram platform to see the full information.
For the last couple of months, we have been in continual profit, with over 51K+ pips just for Forex Signals.
You claimed transparency. If you check our free Telegram channel, there are trading histories of us that expose every little move of our trading analysis and the results accordingly. Even if we lose for a short time, we will post that as well, for the clarity of our promises of transparency.
We were never in a mess. With nearly 62K+ members, MegaFX Signals has been operating strongly in this market for years.
Please reach out to our 24/7 customer service for any inconvenience.
M
Magda Bruyns
Nigel, South Africa,
Jul 16, 2021,
Guest

Scammers

Service use: Live Length of use: 0-3 Months
I asked an agent telno +27636022023 if there are any hidden costs like recommitment withdrawal transfer and so on and he said NO. Now all of a sudden I have to pay a $1000 this is the chat between us [10:21, 7/16/2021] Magda Bruyns: Good day. How do we register? Is there any additional costs involved when withdrawing the profit?
[10:23, 7/16/2021] Mega Fx Signals Mathew: Hello
[10:24, 7/16/2021] Mega Fx Signals Mathew: You're most welcome to mega fx signals
[10:24, 7/16/2021] Mega Fx Signals Mathew: Do you have luno account?
[10:24, 7/16/2021] Magda Bruyns: Good day. See my questions above please tx
[10:24, 7/16/2021] Mega Fx Signals Mathew: No additional cost
[10:25, 7/16/2021] Magda Bruyns: I do have but was ages ago on it am using blockchain now
[10:26, 7/16/2021] Mega Fx Signals Mathew: There have 2 different packages which are (1) initial package and (2)promo package.

The initial package is paid to investors in 12hours and it is for old and new members. The minimum is R1000 to get R5000 in 12Hours....

The promo package is for only new members and it is two days cashout. The minimum for promo package is 10,000 to get 100,000 in 24hours without delay or stress in cash out(24hour)

Here are the list of our investment (initial package and promo package plans)

 INITIAL PACKAGE PLAN.

R1000 R5000
R2,500 R12,500
R3,000  R15,000
R3,500  R17,500
R4,000  R20,000
R5,000  R25,000
R6,000  R30,000
R7,000  R35,000
R8,000  R40,000
R9,000  R45,000
R10,000  R50,000
R20,000  R…
[10:26, 7/16/2021] Mega Fx Signals Mathew:  BASIC 3DAYS PAYOUT
Invest $100 earn $600
Invest $200 earn $1800
Invest $300 earn $2400
Invest $400 earn $3000
Invest $500 earn $3600
E.T.C

 PRO 24hours
Invest $300 earn $3500
Invest $600 earn $7000
Invest $900 earn $9500
Invest $1200 earn $13000
Invest $1500 earn $16500
Invest $1800 earn $20000
E.T.C

Promo are in 24hours cash out

 PREMIUM PAYOUT
1BTC earn 3BTC
2BTC earn 6BTC
3BTC earn 9BTC
4BTC earn 12BTC
5BTC earn 15BTC.
E.T.C

ALL RETURNS ARE SCHEDULE, FOR 7DAYS AND 4DAYS PROMO(48HOURS) UPON CONFIRMATION
[10:27, 7/16/2021] Magda Bruyns: Ok but on all platforms they say no additional costs and then suddenly come withdrawal there is. How can I be 100% sure there is no additional costs?
[10:27, 7/16/2021] Mega Fx Signals Mathew: Nothing like that here
[10:27, 7/16/2021] Mega Fx Signals Mathew: How much do you want to start with?
[10:28, 7/16/2021] Mega Fx Signals Mathew: Hello
[10:29, 7/16/2021] Magda Bruyns: With $300 and if it goes well I will invest more
[10:29, 7/16/2021] Mega Fx Signals Mathew: Noted
[10:30, 7/16/2021] Magda Bruyns: On the pro24 hours
[10:30, 7/16/2021] Mega Fx Signals Mathew: Please after you have received your payment kindly inform others to join us
[10:30, 7/16/2021] Mega Fx Signals Mathew: Yes
[10:30, 7/16/2021] Mega Fx Signals Mathew: DROP THE FOLLOWING DETAILS FOR REGISTRATION

MODE OF PAYMENT______
COUNTRY_______
ADDRESS______
PHONE NUMBER___
AMOUNT TO INVEST_____
WALLET ADDRES___'_
EMAIL ADDRESS____
[10:30, 7/16/2021] Magda Bruyns: I will definately do so. Ok how do I register?
[10:30, 7/16/2021] Mega Fx Signals Mathew: Drop this for registration and to credit you back successfully
[10:31, 7/16/2021] Magda Bruyns: Ok will do
[10:31, 7/16/2021] Mega Fx Signals Mathew: Okay waiting
[10:34, 7/16/2021] Mega Fx Signals Mathew: Hello
[10:35, 7/16/2021] Magda Bruyns: Hi I am going to put it on just now
[10:36, 7/16/2021] Mega Fx Signals Mathew: Alright
[10:37, 7/16/2021] Magda Bruyns: Mode of payment will be USD country South Africa Address XXXXXX Road XXXX Phone number +27 0XXXXXX amount to invest $300 on Pro 24hours Wallet address is XXXXXXX email address is XXXX@XXXX.za
[10:38, 7/16/2021] Mega Fx Signals Mathew: Being processed
[10:39, 7/16/2021] Mega Fx Signals Mathew: Kindly make your payment and upload your payment proof for confirmation
32nuuw1XeFCBh35M8DmwLxz8QXBzuMwhoD
[10:39, 7/16/2021] Mega Fx Signals Mathew: 32nuuw1XeFCBh35M8DmwLxz8QXBzuMwhoD
[10:45, 7/16/2021] Magda Bruyns: Ok sorry the amount that is coming through is $500.00 I press the wrong button and please add my name it is Magda Bruyns
[10:45, 7/16/2021] Mega Fx Signals Mathew: Okay
[10:46, 7/16/2021] Magda Bruyns: sorry that was my last $500 I had and I mean to only invest $300 but it is one of those things
[10:47, 7/16/2021] Mega Fx Signals Mathew: So how are you sending now
[10:48, 7/16/2021] Mega Fx Signals Mathew: Send me your payment proof for confirmation
[10:48, 7/16/2021] Magda Bruyns: via Blockchain priority will be there within the next 60 minutes the take 3 confrimations will send the tx hash to you
[10:49, 7/16/2021] Mega Fx Signals Mathew: Ok
[10:50, 7/16/2021] Magda Bruyns: attached
[10:50, 7/16/2021] Mega Fx Signals Mathew: Ok
[10:51, 7/16/2021] Mega Fx Signals Mathew: Please after receiving your payment tomorrow morning by 7:00am kindly inform others
[10:52, 7/16/2021] Magda Bruyns: Sir?Madam if I get it I will definitely do so that is a promise
[10:53, 7/16/2021] Mega Fx Signals Mathew: Okay
[10:54, 7/16/2021] Magda Bruyns: Can you do soemthing like this say $200 on the basic package and $300 on the pro24 hours or can you invest the total amount of $500 and how much will I then get?
[10:56, 7/16/2021] Mega Fx Signals Mathew: Alright
[10:56, 7/16/2021] Mega Fx Signals Mathew: Receiving $5000
[11:00, 7/16/2021] Magda Bruyns: okay that would be nice then do it on $500 I have lost a lot on a previous platform where I have invested $16500 and then I had to pay for reccomitment and then transfer then withdrawal and eventualy it cost me $22500 that I have lost and no profit what so ever so I need to make my lost up again as I am also contributing to food for our church to supply food for 500 hungry people on the streets
[11:08, 7/16/2021] Mega Fx Signals Mathew: Am sorry for that
[11:08, 7/16/2021] Magda Bruyns: thanks I have now 2 confirmations just waiting for the last one will then sent the tx hash
[11:13, 7/16/2021] Magda Bruyns: tx hash eXXXXXX three confirmations must be in the wallet now
[11:25, 7/16/2021] Mega Fx Signals Mathew: Payment confirmation
[12:35, 7/16/2021] Magda Bruyns: Thanks
[14:40, 7/16/2021] Mega Fx Signals Mathew: Hello dear, Immediately you have to make payment for your upgrade fee you will be able to cashout

You have to upgrade your promo package payment as a new member of the platform

And without you paying for your upgrade fee there is no way you will be able to cash out your promo package

As a new member of the platform you will have to pay the sum of $1000 for your upgrade fee

As a new member of the platform, provided you invested for the promo package you will have to upgrade your promo package with the same amount you invested for the promo package,your investment must be on unit
[15:13, 7/16/2021] Magda Bruyns: yeah yeah and you told me there is no other fee just like all the rest and I believed you what a lot of scammers you all are you have to pay for this and that before you can withdraw always the same story
[15:15, 7/16/2021] Magda Bruyns: and now I want my money back the $500 I paid I want it back and I gonna show all of this to the people you wanted me to get for you
[15:20, 7/16/2021] Mega Fx Signals Mathew: You're not paying for recommitment
[15:21, 7/16/2021] Mega Fx Signals Mathew: We don't allow recommitment here
[15:21, 7/16/2021] Magda Bruyns: Yeah but you told me I am not to pay for anything after I asked you to make sure about everything before I invested now you come with this stories I told that was my last $500 I owe now I am sitting in shit
[15:22, 7/16/2021] Mega Fx Signals Mathew: You're upgrading your payment, all investors know about that, and everything is on the pinned message in the platform
[15:22, 7/16/2021] Mega Fx Signals Mathew: I said we don't allow recommitment
[15:22, 7/16/2021] Mega Fx Signals Mathew: Investors must upgrade their payment
[15:22, 7/16/2021] Mega Fx Signals Mathew: And you have to upgrade it
[15:25, 7/16/2021] Magda Bruyns: and I told you that I only have $500 why did you not told me there is other fees I specifically asked for that
[15:30, 7/16/2021] Mega Fx Signals Mathew: I said there's nothing like recommitment
[15:32, 7/16/2021] Mega Fx Signals Mathew: Upgrade is made for everyone
[15:34, 7/16/2021] Magda Bruyns: this is what you said to me - my question Good day. How do we register? Is there any additional costs involved when withdrawing the profit?How do we register? Is there any additional costs involved when withdrawing the profit? Your answer "No additional cost"
[15:34, 7/16/2021] Mega Fx Signals Mathew: Kindly make your payment of the upgrade is $500 then you will receive your payment successfully now all of a sudden it is $500.00 the investment was my only hope and my last $500 and I don't have any to upgrade but nothing has been told to me beforehand or I would not have invested
M
Reply by Megafx Signal submitted Sep 16, 2021:
Dear Sir,
We are really sad to know that you have been scammed in the name of Megafx Signal. Our telegram channel is https://t.me/megafxsignal and website is https://megafxsignals.com/. We don't have any other telegram channel for signal service.
Recently we came to know that someone is using our brand to scam others and trying to destroy our reputation. We have been posting about this scammer in our telegram channel frequently and going to take legal action. Also, we posts fraud alert on our telegram channel and website.

You can check this post: https://t.me/megafxsignal/7333

Customers' satisfaction is our main priority. As you were interested in joining Megafx Signal, we can add you to VIP for free. So that you can recover the amount you have been scammed by the culprit.

Kindly knock us on telegram @megafxadmin. This is our only official account.

Regards,
Megafx team
O
Jamaica, Jamaica,
Jun 17, 2021,
Registered user

MegaFx is the best

Service use: Live Length of use: 0-3 Months
MegaFx is the best company ever in the forex industry!!!! They are the best signal group which has EA and signal plus educational programs that novice users can understand to
O
Reply by Megafx Signal submitted Jan 16, 2022:
That's awesome! ??
We are glad to see you happy. We will be making profitable trades more and more, so stay tuned with MGFX sir.
S
Chennai, India,
Jun 15, 2021,
Registered user

MegaFx is a G.O.A.T.

Service use: Live Length of use: 0-3 Months
I have been obtaining signals for more than 10 days. So far my account has grown 17%(using 0.01/0.02 lot size). Most of their entries are sniper entries. You can get full transparency of their results in their free group. The only best signal provider till now. MegaFx is a G.O.A.T.
S
Reply by Megafx Signal submitted Feb 2, 2022:
We are very pleased to hear from you, dear Sasiknkl. We are glad you are making progress using our services. And of course, we value our transparency the most, which is why we have been posting the technical analysis and explanations of most of the signals regularly. Stay with us for long to see the constant profit.
J
Kuala lumour, Malaysia,
Jun 14, 2021,
Registered user

Service use: Live Length of use: 6-12 Months
Just 50/50.sometime their signal give good profits but sometimes hit stoploss.at last cant make.any good income by using this signals.all depend luckn onky. Not recomended.
S
Tamilnadu, India,
Jun 12, 2021,
Registered user

Very useful and honest

Service use: Live Length of use: 0-3 Months
Past three months I am using mega fx signals and take trade in live account as full time job, based on market scenario I got very good result. This is very useful for my trading and I got very good earning. Thanks for valuable support and guidance.
S
Reply by Megafx Signal submitted Feb 2, 2022:
Dear Mr. Suguram,
We are pleased to hear from you. Glad you are making progress with our services. It feels good to see our clients making growth. Thank you so much for your feedback.
D
Goma, Congo, The Democratic Republic of The,
Jun 10, 2021,
Registered user

Big liars

Service use: Live Length of use: 0-3 Months
I tried this company after trying megafx.co. I noticed that they are the same. First they lie about their results and I realized that they know nothing about trading. I subscribed for their one month package. After 3 days I couldn't make 1$ profit. The four day I decided to not follow them and I recovered all my losses. I've never lost before like that. These people are just strugglers, nothing else. One day they sent a Buy signal on gold and after some minutes they send another sell on the same asset. They buy gold hit 112 pips Stop loss and their sell hit 119 pips TP. On the same sell when it reached 40 pips they said close half and move sl to entry. When it reached tp they said in the free group Gold TP 119 pips. Just scammers strategy.
I would like to give an advise dear traders. The thing that make these thieves strong is our willing to try. For exemple, the VIP group counts about 853 members that values 46062$ if each of these members took a one month subscription.
PLEASE DO NOT TRY THESE PEOPE. I regrette to not have follow the advise of a previous member who encountered the same issue in the past. They do not deserve one star. My rating for these robbers is 0 star

Apr 27, 2021 - 3 Stars I have been scammed by the company megafxsignals.co. I recently joined the free telegram megafxsignals.com and I really find the two companies very different. I've been able to earn in the megafxsignals.comfree channel much as I didn't in the paid channel of the first company. Expericing their free signals I think it's a reliable provider
D
Reply by Megafx Signal submitted Sep 16, 2021:
Hello Dear,
We are really sad to know that you have been scammed in the name of Megafx Signal. We have fraud alter posts on our website and channel to prevent such scamming by using our brand name.

Forex is all about patience, risk management, and knowledge. You have mentioned that you were in our free channel and were impressed by our performance and joined VIP. In trading 2-3 days or a bad week may occur. We always take responsibility for our loss and recovery. We suggest our members follow proper risk management and take all trades. As you have stopped following our signals only after 3 days that's why you couldn't make enough profit. 3 days is not enough to judge any trader's quality. We always end the trading week with good profit. If you have stayed with us and followed our signals properly, I can guarantee that you could have ended the month with a good profit.
K
London, United Kingdom,
Apr 4, 2021,
Registered user

Fake website used

Service use: Live Length of use: 0-3 Months
Dear Customers, I have just been a victim of a scam. Basically there are two website used for the same company. You have www.megafxsignals.co and you have www.megafxsignals.com. They both operate on the same telegram platform. Please be careful you dont fall into the wrong hands.
Please do your due diligence before sending your bank details.
K
Reply by Megafx Signal submitted Apr 17, 2021:
Dear Sir,
We are really sad to know that you have been scammed in the name of Megafx Signal. Our telegram channel is https://t.me/megafxsignal and website is https://megafxsignals.com/. We don't have any other telegram channel for signal service.
Recently we came to know that someone is using our brand to scam others and trying to destroy our reputation. We have been posting about this scammer in our telegram channel frequently and going to take legal action.

You can check this post: https://t.me/megafxsignal/7333

Customers satisfaction is our main priority. As you were interested in joining Megafx Signal, we can add you in VIP for free. So that you can recover the amount you have been scammed by the culprit.

Kindly knock us on telegram @megafxadmin. This is our only official account.

Regards,
Megafx team
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