Mega Heritage Bank has been flagged by Financial Conduct Authority for "Unregistered/Unlicensed entity offering financial products or services". This company appears in our regulatory warnings database. Always verify with official regulatory sources before investing or doing business with this firm. Website domain: megaheritagebnk.com.
I found Mega Heritage Bank through a forum discussion and the initial impression was positive. But for about three months later, I have encountered so many issues that I cannot recommend them. Trades failing, charts not loading, and support tickets going unanswered for days at a time.
Pros: Personal attention|Intuitive for beginners|Helpful community forum
Cons: Could offer more webinars
I had high hopes for Mega Heritage Bank after seeing their ad online, but my experience has been disappointing. Customer support is slow, the platform has frequent issues, and their fee structure is not as transparent as advertised. I am actively looking for alternatives now.
Pros: Detailed reporting|Professional team|Dedicated account manager|Portfolio tracking tools
Cons: Live chat only during business hours|Minimum deposit could be lower
Tried to withdraw my funds from Mega Heritage Bank and was told I needed to pay a "withdrawal tax" of 20%. This is a red flag. No legitimate broker charges withdrawal taxes. When I refused, they became aggressive and eventually stopped all communication. My entire investment is gone.
Cons: Lost entire investment|Reported to authorities|Unresponsive
Do not be fooled by the professional-looking website. Behind the scenes, Mega Heritage Bank is disorganized and incompetent. I found them after reading several online reviews and I can only assume the positive reviews are either outdated or paid for because my experience was terrible.
Pros: Regular platform improvements|Regular updates|Dividend tracking|Demo account available
Cons: Mobile app could be improved|No live chat on mobile
Tried to withdraw my funds from Mega Heritage Bank and was told I needed to pay a "withdrawal tax" of 20%. This is a red flag. No legitimate broker charges withdrawal taxes. When I refused, they became aggressive and eventually stopped all communication. My entire investment is gone.
Pros: Initially responsive customer service
Cons: Cannot withdraw funds|Not regulated|Pressure tactics
For anyone considering Mega Heritage Bank, please be aware that this company has been flagged by Financial Conduct Authority. This does not necessarily mean they are a scam, but it does mean they may not be authorized to operate in certain jurisdictions. I strongly recommend checking the official regulator website before making any investment decisions.
Pros: Information is publicly available for verification
Cons: Flagged by international regulators|Due diligence required
Where do I even begin with Mega Heritage Bank? since early this year of broken promises, unanswered tickets, and a platform that feels like it was built in 2010. They spend more on marketing than on actually improving their service. Stay away from this company.
Pros: Good mobile app|Regular platform improvements
Cons: No integrated tax optimization
I found this company through a friend who recommended it. Before investing, I checked various regulatory databases and found that Mega Heritage Bank has been flagged as an unauthorized entity. I informed my friend immediately. Please always verify with official sources - a quick search could save you thousands.
Cons: Unauthorized firm|Found in IOSCO warnings database
The spread at Mega Heritage Bank is not what they advertise. During volatile markets it widens so much that you lose before the trade even starts. I found them after attending a webinar they hosted and initially thought the platform was good - until I started trading seriously.
Pros: Quick verification|Portfolio tracking tools
Cons: Desktop app not available on Linux|Limited social trading features