Monafoli Broker Review

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Monafoli Broker Review


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FAQ

Monafoli Broker Review – Read Why Monafoli.com Broker Is Fraudulent

Due to the lack of regulation, ownership, and official documents, we recommend you avoid Monafoli broker. This is another scam designed to defraud clients, and their website is no longer available.

As a result of being blacklisted, they have ceased operating and probably switched to a different scheme.

Our honest review of Monafoli tells you everything you need to know.

To begin with, we invite you to read our recently updated scam broker reviews for InvestFW, FinCloud, and EuroXN. There is a danger to your funds with them!

  1. Scam Broker Status: Unregulated
  2. An unlicensed company regulates it / there is no regulation.
  3. Website of scammers: www.monafoli.com
  4. Forex Trading Scam: Active
  5. Scam-listed by: FCA (UK)
  6. The broker’s owner is unknown.
  7. Country of Headquarters: N/A
  8. Date of foundation: N/A
  9. WebTrader, MT4 and MT5 are the online trading platforms available.
  10. Trading on mobile devices is available.
  11. A minimum deposit of $10,000 is required.
  12. Bonuses on deposit: None
  13. Trading Crypto Assets: Available
  14. You can trade CFDs: Yes, you can
  15. The following instruments are available for trading: Forex (FX) / Commodities / Indices / Shares / Cryptocurrencies (Cryptos)
  16. Leverage maximum: 1200
  17. There is no Islamic account available.
  18. Demo accounts cannot be opened, only live trading accounts.
  19. Clients from the US are not accepted: The company does not accept clients from the United States.
  20. This broker is a scam, don’t invest in it!

Monafoli Regulation: Is The Broker Legit?

According to its website, Monafoli is a brokerage based in the UK. We have not seen the owner or any documents supporting this claim. In addition, they explicitly stated that they do not have a license yet, but are in the process of obtaining one from the FCA. This would be great if it were true.

You may lose everything if you deal with an unregulated firm.

What’s Wrong With a License? – There Is No Legitimacy

Brokerages cannot provide financial services until they have received their FCA license. That was why we were confident that Monafoli regulation is nowhere in sight, and you shouldn’t believe these.

This is just another offshore scam that tries to entice you into investing and stealing your money. Our statement is supported by the website’s inability to function.

Scam Warnings Against Monafoli Broker

The FCA issued an official warning against Monafoli after receiving too many complaints.

Warning Issued by FCA

This warning informs you that the Monafoli forex broker hasn’t applied for an FCA license, and you should be aware of this.

The FSCS compensation fund will not be available if you are scammed.

Moreover, be cautious about scams such as SplitTrades, Stanford FX, and EmexTrade. We would like to hear about your scam experience if possible.

Where Is Monafoli Trading Scam Active?

The broker’s website remained inactive indefinitely after the FCA warning. However, complaints indicate that the company was primarily active in:

Know to decline offers from this shady firm if you continue to receive them.

Monafoli Bonus Scam – Deposit and Welcome Bonuses

With so much money on the market, Monafoli’s minimum deposit is too high, and you will be at risk. The broker developed a new scheme called the Monafoli bonus because few people took advantage of this offer.

Brokers allegedly give you free money for every investment you make. Ultimately, these funds will prevent you from withdrawing and cost you much more than just money.

Scammed By Monafoli Broker? – Talk To Our Recovery Experts

We would like to hear if the Monafoli scam has victimized you. To help online scam victims get their refunds, Global Fraud Protection is here to help. Let us know if you have encountered any problems using the online chat option.

You can get your money back today by booking a free consultation!

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FAQ Section:

1. What Is Monafoli, And Should I Invest Money In It?

The company operates as a non-licensed broker of Forex and CFDs.

2. What Is The Monafoli Minimum Deposit?

$10,000 is the insanely high initial deposit required by Monafoli.

3. Can I Trade Cryptocurrencies And CFDs With Monafoli Broker?

There is no difference between trading crypto and CFDs with Monafoli.

4. Are My Funds Safe With Monafoli?

Due to its blocklisting in the UK, this fraudulent broker is not safe for your funds.