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As an independent trader who is extremely particular about broker oversight, I always make regulatory status my starting point before considering any firm. For Mega Securities, I found that it is indeed regulated: the company is overseen by the Taipei Exchange (TPEx) in Taiwan. This type of regulation is significant because the TPEx is a recognized financial authority in Taiwan, meaning Mega Securities is subject to local laws governing securities firms. However, while the presence of a regulator is reassuring, for me, genuine caution is warranted due to some red flags. There have been two public sanctions issued against Mega Securities by Taiwan’s Securities and Futures Bureau, related to violations of securities management laws. Regulatory history like this always gives me pause—even with official oversight—because it indicates past compliance failures which could reflect on risk controls or business culture. In my experience, while local regulation offers clients a layer of protection, a history of disciplinary actions is not something I can overlook lightly. Therefore, I would emphasize to any trader considering Mega Securities to carefully weigh not just the fact of regulation but the nature of the broker’s compliance track record as well.