MegaFunded Review – Should You Invest in Mega Funded’s Challenges?

MegaFunded is a prop trading firm that offers aspiring traders a platform to showcase their skills and access capital. With transparent evaluation programs, traders can prove their abilities and transition to live-funded accounts.

We will delve into this company’s user satisfaction, offerings, value, and overall reputation in the market. After reading the review, we hope to clear user’s doubts on whether they should explore the possibilities with this firm. Keep reading to find out for yourself.

User Reviews

Researching MegaFunded reviews, we found that on a reliable source Trustpilot, the firm received a score of 4.2, with only 6 comments. 

One reviewer highlights its diverse range of options, user-friendly interface, security measures, and excellent customer service as reasons for recommending the platform. Another review appreciates the efficiency, particularly its fast withdrawal process, advanced technology system, friendly support team, and cost-effectiveness. 

While these reviews convey satisfaction with the MegaFunded platform, there is a concern about their authenticity. Due to the limited number of reviews and the possibility of them being generated, users typically avoid these companies.

We encourage the MegaFunded prop firm to focus on acquiring genuine feedback from users since this can enhance transparency and credibility. Increasing marketing efforts to attract more clients for evaluation would lead to a more accurate reflection of user experiences, benefiting both the firm and potential clients in the long run.

Challenges

With MegaFunded trading structured programs, traders are provided with a platform to demonstrate their abilities and potentially secure funding. All packages offered by MegaFunded include a minimum of 5 trading days, with the funded stage having no profit target and requiring 0 minimum trading days.

ONE PHASE

• 4% Max Daily Loss
• 8% Max Total Loss
• 80% Profit Share
• 10% Profit Target
• 1:50 Trading Leverage

TWO PHASE

• 5% Max Daily Loss
• 10% Max Total Loss
• 90% Profit Share
• 5% Profit Target Phase 2
• 1:100 Trading Leverage

In the one-phase program, traders can choose from 5 different packages, ranging from USD 15k to USD 200k. The entry-level package starts at USD 15k, priced at USD 100, and extends up to USD 900. For individuals interested in investing in a crypto wallet, check out our review on SafePal. 

On the other hand, the two-phase program presents 6 packages ranging from USD 5k to USD 200k. The entry-level package begins at USD 5k, priced at USD 50, and reaches up to USD 820. With the two-phase program, traders encounter slightly different parameters, including a higher maximum daily loss, total loss, and profit share percentage.

For traders who are uncertain about which package suits their needs best, MegaFunded’s official website offers a feature where users can easily compare the features of the different challenges. Overall, MegaFunded’s challenges offer a comprehensive platform for traders to showcase their skills, access capital, and pursue their trading ambitions with confidence.

How To Purchase A Plan?

To sign up and purchase a plan with MegaFunded, users need to navigate to their website and access the plans section. There’s a selection of 11 different options tailored to various trading needs. Once users choose the plan that aligns with their preferences, proceed by clicking the “Add to Cart” button.

At the checkout page, there are multiple payment options, including Crypto Payments for transactions using USDT or BUSD, and Merchant Warrior Credit Card for those preferring credit card payments. The next step is to provide accurate billing details, once the billing details are complete, the form transfers to the shipping details section.

Upon completing the signup process and confirming the purchase, a confirmation email will appear, containing further instructions and details regarding accessing your chosen plan. After that, MegaFunded login is available and users can get familiar with the features of the platform.

Presence

The firm boasts a global presence, with operations spanning across various domains, including 

• United States
• Mongolia
• Argentina
• Brazil
• United Kingdom

Even though MegaFunded operates globally, it follows strict rules and laws in different countries. For instance, while people from the US can buy challenges, there might be limits on which parts of the platform they can access. Also, due to regulations, traders from countries such as Cuba, Iran, North Korea, Myanmar, Russia, Somalia, and Syria can’t use the service. 

However, MegaFunded does make exceptions for passport holders from these countries if they live in a place where the service is allowed and can prove it, giving them a chance to take part in the trading challenges. For users who want a top-notch security wallet, look no further than Coldcard. 

Trading Conditions – Fees, Withdrawal, Spread & Commissions

Regarding how the platform operates, it seems it’s quite transparent, partnered with Eightcap as its broker, MegaFunded offers competitive spreads and commissions, ensuring traders benefit from industry-leading rates. To grasp the account offerings utilized, traders can refer to the details outlined on Eightcap’s website.

When it comes to fees, MegaFunded currently operates one-phase and two-phase evaluation programs without any ongoing monthly charges. Additionally, traders have the flexibility to withdraw from their MegaFunded funded account. 

However, as a live-funded trader, one must engage in trading activities for a minimum of 14 days before being eligible to request a MegaFunded payout. This policy ensures that traders are committed to the platform and have ample time to demonstrate their trading capabilities before accessing their earnings. 

Customer Support

The platform offers a range of resources to address queries and provide assistance. The support operates with a dedicated team available 24/7, so traders can rely on prompt responses to their questions and concerns. Additionally, clients have available FAQ questions on the official website. 

Whether traders require assistance with account setup, technical issues, or general inquiries, the support team is readily available to offer guidance and support. Moreover, traders can reach out to MegaFunded via email at [email protected] or connect with the firm through its social media channels, such as the platform’s Instagram.

Concluding Thoughts on MegaFunded

Offering transparent evaluation programs, industry-leading support, and a diverse range of challenges, MegaFunded provides a valuable platform. While user satisfaction and feedback are positive, there remains a need for the firm to acquire more genuine reviews to enhance transparency and credibility. 

However, with its global presence, commitment to compliance, and transparent trading conditions, the firm still stands out in a positive light. Yet, as with any trading company, users should get valid data before committing.

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