Welcome to our Megatradeoptions Review in which we investigate the website currently found at Megatradeoptions.com.
On February 25, 2023, two days ago, we’ve received the following report from a person who claims being scammed for more than $3,600:
Over a year ago, this woman contacted me and offered coaching services. She claimed to work for a company called Megatradeoptions.com. She advised me to buy Bitcoin using Cash App and then transfer it to another Bitcoin wallet address, promising that I would make a profit and be able to withdraw it.
Unfortunately, I am still unable to withdraw my profits to this day. Despite paying the fees they asked for, I am continually told there are more fees to be paid, and I am fed up with being scammed.
So is Megatradeoptions a legitimate website or a SCAM?
MegaTradeOptions Review
The domain Megatradeoptions.com was registered on September 7, 2022 for one year through Whogohost Limited so it’s currently just around 6 months old.
It is hosted by ColoCrossing.
It does not seem to get much traffic and according to SimilarWeb, they had less than 5,000 visitors on January 2023.
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Its Semrush Authority Score is 2% and it has 21 backlinks from 6 referring domains, but none of them can be regarded as valuable endorsements.
We check out the About page in an effort to find any information about who is behind the company,
We learn that “Experttradecompany” is an online trading brokerage that offers investment services to a wide range of brokers and foundations worldwide.
We find it strange that the name of domain (Megatradeoptions.com) is not similar to the name of the company (Experttradecompany).
The domain experttradecompany.com was registered on June 8, 2021 for 2 years through NameCheap, Inc., however currently the domain is for sale.
More from the About page of Experttradecompany:
They provide top-of-the-line innovative solutions and aim to offer the best trading experiences in the market by maintaining Innovative Trading Platforms, Innovative Trading Tools, and Excellent Trading Conditions.
Experttradecompany operates under European and Maltese regulations (they claim to be licensed by MFSA, MIFID Compliant, as well as regulated by FCA, BaFin, AMF, and CONSOB) and services English, French, German, Italian, and Arabic markets.
However, we find no proof of regulation.
They write that “Experttradecompany. is regulated by the US Financial Services Authority (License Number IS/560000).” However, we can find no such regulators and trading companies in the US need to register with the CFTC (Commodity Futures Trading Commission). Moreover, OTC CFDs trading is banned in the USA.
Experttradecompany’s goal is to reform the online trading industry by providing innovative solutions and platforms through the foundation of 3 Pillars: Innovative Trading Platforms, Innovative Trading Tools, and Excellent Trading Conditions.
So while we learn that this is a website that allows trading in Forex and Contracts for Difference (CFDs), we can not find any verifiable information about the owners, such as a registered address, LinkedIn profiles etc.
On the contact page, we find an email address: support@experttradecompany.com, which indicates that the domain experttradecompany.com used to belong to people who brought to you megatradeoptions.com.
They list some additional contact information:
- 1459 Java Lane Winnsboro SC South Carolin USA (no such address exists, according to Google Maps.)
- Phone number: +12015283874 (The 201 area code is located in the eastern part of New Jersey)
- There’s also a contact form and a WhatsApp live chat widget (using the same number: +1 201-528-3874)
So we have here a domain which is rather new, unpopular, non-authoritative, with no websites recommending it, and they provide a fake physical address.
Are there MegaTradeOptions scam reviews though?
MegaTradeOptions Reviews
According to WikiFX, Mega Trade Options is deemed as “Danger” with 1.37/10 stars. There’s one user comment that says: “I don’t like companies that rely solely on Google Translate for their multilingual services. Machine translation can often produce strange or inaccurate translations. If a company cannot provide high-quality multilingual services, they shouldn’t offer them at all.”
On LinkedIn we found a page belonging to Leroy Robinson, an account manager at Mega Trade Options, from West Chicago, Illinois, USA.
His About section says “I teach and educate how to earn 1Btc in 2hours. If you are interested in working from home. Contact me. Now let’s work together.”
That’s all we can currently find.
Experttradecompany Scam Review Conclusion
The website Megatradeoptions.com promises something that seems too good to be true.
The report from a person who claims to have been scammed for over $3,600 suggests that the website is a scam.
The website offers coaching services and promises high profits from buying Bitcoin, but the person was unable to withdraw their profits despite paying fees.
The website is also suspicious in that it is new, unpopular, non-authoritative, and provides a fake physical address.
Additionally, there are no verifiable details about the owners, such as registered address or LinkedIn profiles.
Finally, the website also provides false information about regulation.
If you have been scammed by them, or if you have any information about them, please let us know by commenting this review.
And if you have lost a significant amount of money to online scams, do not lose hope. We can help you recover your funds!
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