Megalodon Trading Reviews Scam or Legit IndicatorSignal Service

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Megalodon Trading Reviews: Scam or Legit Indicator/Signal Service?

Megalodon Trading Review: this is the name of a signal provider that claims to provide profitable trading signals and indicators for forex, crypto and stocks. Is MegalodonTrading legit or a scam? Forex trading signal providers are on the increase, it is important to get the proper signals from the right sources. Read this review to know more about this signal vendor.

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What Are Forex Signals or Indicators?

Most Forex indicators are created for the purpose of giving traders trading signals that are accurate as well as consistent. With a legit indicator system, traders can afford to spend less time monitoring the market.

Traders are provided with what can be termed expert advice from these robots, this is why they are called Expert Advisors (EAs). EAs are sold by indicator vendors.

It is totally in character for Forex EA vendor or signal providers to start out with claims of making clients richer. This is because everyone seeking out easier ways to trade effectively does so to make more profit.

However, traders need to be careful about believing everything they encounter in the business sphere. Some are geared to just deceive and steal their funds. Considering what is offered and proofs are effective means of discovering fraud as well as reading our reviews and comparing the offers to those of other legit vendors at the bottom of this article.

Who Owns Megalodon Trading

Megalodon is owned by SUKAS LTD and the name of the person behind this service is given as Bo Sukas. We do not know the location that this service is operating from.

How Megalodon trading works

Megalodon Trading offers 12 indicators (tradingview scripts) which are available on trading view as well as 7 signals’ group for crypto, forex and stocks as well as 12 step intro to trading course. We do not have a clear understanding of what their strategy is.

There’s what is referred to as monthly portfolio balance on their website which shows a increase from $20,000 to $80,000 between 3rd and 11th of January, 2020. It was made with Google docs. This result is not verified on myfxbook rather which has been well known for its reliability and transparency.

There are two pricing plans available on megalodon trading which are the pro and pro+ which is sold at $99 and $2500 respectively. The only difference between the two plans is that other features like 1 on 1 strategy building call and automated trader access are included in the pro+ only. No explanation is given on these features. So we do not know whether the price of purchasing the pro+ is really worth it.

Client feedback

As a vital part of our reviews, we consider what people who have made use of a product or service are saying about it. We always prefer this on third-party websites rather than on the official page of the service itself. This is because sometimes, what we find could have been manipulated.

We have not come across any client feedback on megalodon trading from any other website.

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Support

You can connect to them at [email protected]

Conclusion

Megalodon trading website looks attractive but there are some missing information about it coupled with the fact that trading results are not provided on MyFxBook and this is discouraging as the result it provided on their website cannot be trusted.

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Megalodon Trading Review

Megalodon Trading is a vendor of Forex signals/ indicator for profitable trades in the Forex market. The signals service is meant to work on Forex, Crypto and stocks. The signals timeframe and strategy is well not disclosed and the price ranges from $99 on pro package to $2500 to purchase full license of the Pro plus package. Testimonials are well documented but they look fictitious. Currently, the Megalodon Trading have upto 12 indicators to offer.

What is Megalodon Trading (megalodontrading.com)? Either is MegalodonTrading scam or legit?

Any expert in forex trading can clearly see that Megalodon Trading is a scam. However, if you want to find out why is Megalodon Trading a scam and what is Megalodon Trading in real, then you can find that within our Megalodon Trading review here, for that you don’t have to search any other Megalodon Trading reviews.

Megalodon Trading Review

  • Megalodon Trading is a program that claim to send profitable trading signals and indicators your way. It’s like putting a plane on auto pilot. Traders can sleep through the night calmly knowing that their trades will be placed exactly at the times they designated. Sounds easy, right?
  • Forex robots/indicators/signals like FX Vortex are getting a lot of hype of late and Forex robot scams are not far behind.
  • We confirm that Megalodon Trading is a scam, since Megalodon Trading promises winning trades only, it is a sure scam, there just is no other possibility.
  • The companies producing Forex robots/indicators/signals like Megalodon Trading often rely on very broad, small print disclaimers to keep them out of trouble for promising tremendous results when those results are unrealistic in the long term.

About Megalodon Trading

We understand that the Megalodon Trading program is owned and operated by Bo Sukas. Bo is quite famous on youtube where he does video reviews of his products. For contact, clients can reach him via Livechat feature or contact through email [email protected]

Megalodon Trading Strategy

During our reviews of the Megalodon Trading service, we saw that they did not provide indepth details on the methodology of their listed indicators. We saw that each indicator has its own trading methodoloy and is what Bo use in his signals service.

Megalodon Trading Result

Despite all the claims from successful traders, Megalodon Trading fails to publish a verified trading result for us to see live. What they did was to publish a chart and called a monthly portfolio balance. As far as we concerned, any webmaster can comfortable fabricate that into any website.

The problem is that Forex robots/indicators are run based on automated mathematical algorithms, not taking into account things like market conditions that vary with political issues, weather and other factors. The inconsistency of the market is impossible to program into a robot, and therefore the results of Forex robots are inconsistent as well.

Conclusion

Because Forex trading is still relatively unregulated, the number of scams seem to be ever-increasing. One area in which this happens on a regular basis is with automated Forex trading bots. Many of the systems make some pretty unrealistic claims, and promise a successful trading career, even when you’re asleep. They even seem to be able to publish positive results on their sites. However, a word of warning: These amazing results are often the result of back-testing, or based on hypothetical results.

TopedgeFX.com

Honest Trading Product | Reviews

Forex Reviews Ι Stocks and CFDs Brokers

When you want to trade Forex, Stocks, Futures, Cryptocurrencies, Bonds or CFDs, there’s always a broker or an exchange where you can open an account to facilitate your trading.

In fact, since trading became popular on the internet, hundreds of brokers have sprang up and they all masquerade as “the best brokers” to trade with on the internet.

Some of the features they use to lure traders include:

  1. Education capabilities
  2. Market research and analysis including weekly trade ideas
  3. AI software for trading
  4. High leverage and tight spreads
  5. Deposit bonuses
  6. Cutting-edge trading platform

Because there are literally hundreds of brokers on the internet offering the same exact thing, one may ask:

How do we choose the best broker and avoid the bad ones?

To answer that question, we’ve selected 3 brokers that we think have at least met industry standards.

These brokers are ranked according to features, level of customer support, regulations, reputation and many other factors.

On the other hand, we leave traders to decide which brokers they want to choose. Usually, one trader’s style is different from another trader’s strategy.

The two traders cannot be satisfied by one broker due to their varying trading styles and needs in general.

The list of the best brokers to trade with

As we’ve said previously, we’ll rank brokers based on their capabilities and most of these parameters are looked at in favor of the client.

So we’ll also look at how they handle customer funds, structure of their business, whether or not they’re regulated and also length of time that they’ve stayed in operation.

On top of that, we usually update this list to reflect any changes or actions that may have been taken against any broker by their respective regulatory authorities.

We’re only listing brokers that are regulated by financial organizations listed below:

Some of the financial regulators above are made up for independently governed agencies while others are operated by the Central bank of the country where the financial regulator is based at.

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MT4 and MT5: Yes

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Minimum Deposit: $50

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Our Ratings: 75/100

Assets: Forex, Stocks, Options, Crypto

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