Megacix (megacix.com) has been flagged by ASIC (Australia) for "Unlicensed". Swedish Financial Supervisory Authority: https://www.fi.se/en/our-registers/investor-alerts/investor-alerts/2025/maj/megacix/; Belgium Financial Services Market Authority: https://www.fsma.be/en/warnings/invest-ai-and-become-rich-250-euros-beware-fraud
Phones: 448083048099
Addresses: 12 Hammers... This company appears in our regulatory warnings database. Always verify with official regulatory sources before investing or doing business with this firm. Website domain: megacix.com.
Do not be fooled by the professional-looking website. Behind the scenes, Megacix (megacix.com) is disorganized and incompetent. I found them after hearing about them at a conference and I can only assume the positive reviews are either outdated or paid for because my experience was terrible.
Pros: Regular updates|Multi-currency support|Educational resources
Cons: Minor UI glitches occasionally
The mobile app from Megacix (megacix.com) is dangerous. I placed an order that showed as pending, so I placed another. Both executed and I was overexposed. When I complained they said it was user error. The app design is misleading.
Pros: Helpful community forum|Smooth onboarding|Multi-currency support|Regular updates
Cons: Alert system is basic|Wish they had more educational resources
I had high hopes for Megacix (megacix.com) from a review site like this one, 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: Fast deposits|Two-factor authentication|Multiple order types|Low minimum deposit
Cons: Desktop app not available on Linux|No fractional shares
The spread at Megacix (megacix.com) is not what they advertise. During volatile markets it widens so much that you lose before the trade even starts. I found them while looking for alternatives to my previous provider and initially thought the platform was good - until I started trading seriously.
Pros: Smooth onboarding|Wide product range|Two-factor authentication
Cons: Limited social trading features
I opened an account with Megacix (megacix.com) for just over a year ago. The platform frequently logs you out, orders fail to execute at the stated price, and when you complain they blame your internet connection. I have screenshots proving otherwise.
Pros: No hidden fees|Regular updates|Fast support response|Customizable dashboard
Cons: Slow to add new assets|Would like more payment methods
I have been trying to close my account with Megacix (megacix.com) for weeks now and they keep giving me the runaround. First it was a form to fill out, then identity verification again, then a mandatory phone call that never gets scheduled. They make leaving impossible.
Pros: Fast deposits|Multi-device support|Responsive team
Cons: Would like more payment methods
After for nearly two years with Megacix (megacix.com), I can only describe the experience as death by a thousand cuts. No single issue was catastrophic, but the constant stream of small problems, slow responses, and missing features wore me down until I finally left.
Pros: Stable platform|Tax reports included|Clean UI|Copy trading available
Cons: Withdrawal takes 1-2 business days|Desktop app not available on Linux
If you are reading this considering Megacix (megacix.com) - run. I wish I had read more negative reviews after attending a webinar they hosted. I thought the positive ones were real. Maybe some are. My experience over since early this year has been so bad I feel obligated to warn others. Do not make my mistake.
Pros: Good mobile app|Dedicated account manager|Easy to use platform
Cons: Nothing significant