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Monetio

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Operating status: SCAM

Website: https://monetio.io/; https://www.monetio.io/

Broker violations and abnormal records
  • 2024-08-14 The FCA adds Monetio to its warning list

    On 15 Aug, 2024, the Financial Conduct Authority (FCA) issued a warning against Monetio, believing this company might be providing financial services or products without proper authorization in the UK. https://www.fca.org.uk/news/warnings/monetio-https-monetioio

    On 15 Aug, 2024, the Financial Conduct Authority (FCA) issued a warning against Monetio, believing this company might be providing financial services or products without proper authorization in the UK. https://www.fca.org.uk/news/warnings/monetio-https-monetioio
  • 2024-08-18 BrokersView has reviewed that Monetio is an unregulated broker

    According to its website, it is regulated by Interworld Brokerage Group, but after searching, there is no relevant information showing that the agency has the authority to regulate foreign exchange. In addition, it is located in Comoros. Upon investigation, no matching information was found in the MWALI INTERNATIONAL SERVICES AUTHORITY (MISA).

    What's more, we found that the Financial Conduct Authority (FCA) issued a warning against Monetio, believing this company might be providing financial services or products without proper authorization in the UK. 

    In essence, Monetio is not regulated by any governing body. Entrusting it with investors' funds is highly risky, as there are no legal protections in place to safeguard the funds.

    Monetio appears to be a scam.

    According to its website, it is regulated by Interworld Brokerage Group, but after searching, there is no relevant information showing that the agency has the authority to regulate foreign exchange. In addition, it is located in Comoros. Upon investigation, no matching information was found in the MWALI INTERNATIONAL SERVICES AUTHORITY (MISA).What's more, we found that the Financial Conduct Authority (FCA) issued a warning against Monetio, believing this company might be providing financial services or products without proper authorization in the UK. In essence, Monetio is not regulated by any governing body. Entrusting it with investors' funds is highly risky, as there are no legal protections in place to safeguard the funds.Monetio appears to be a scam.
  • 2024-09-24 FCA updates its warning against Monetio

    Since Monetio is still in business to steal money from unsuspecting investors, FCA updates its warning against the platform with more details about the unauthorized firm and cautions the public to stay away from it once again. You may visit: https://www.fca.org.uk/news/warnings/monetio-https-monetioio

    Since Monetio is still in business to steal money from unsuspecting investors, FCA updates its warning against the platform with more details about the unauthorized firm and cautions the public to stay away from it once again. You may visit: https://www.fca.org.uk/news/warnings/monetio-https-monetioio

Related Complaints

Q&A

4 comments

Tonina Tammaro
I hope people do their research on Monetio io. I didn't sadly and it cost me alot of money and my health. These people are narcissistic sociopaths.
2025-01-09
Reply
Tonina Tammaro
Heath Ross grooms you to gain his trust, then for no reason, or excuses you get passed to Samuel Dahlman, he forced me to take out two loans to the value of 30k. I told him i could not afford them. He told me he would send me the monthly cost of the loans from my trade account. I asked him when he would be sending the loan payments. He lied to me saying he never said he had promised to cover the loans. I received a message off WhatsApp from him, [11.10.2024], 'Aim to have at lest 9-10 open' this was on Nat Gas. I knew the Nat Gas was declining and didnt want to lose. Later he called me and was very aggressive, forcing me to open 10 Nat Gas trades, I lost 100s of thousands. I asked for my 60k as there was still 261000 in my account. He wouldn't pay me my 60k back unless I put more money in and continued to trade. Clearly this made no sense as the funds I still had were plenty.Action fraud are looking into this company and believe it's a push scam. Please avoid this company as they are unprofessional in every sense of the word. They are criminals in a major concern. Why do you say you can't post my review. It is 100% fact. Action Fraud are involved now......Samuel Dahlman is a narcissistic sociopath, he begs,and steals off decent innocent people. Infact, the whole company are in the same category.WARNING SAMUEL DAHLMAN HAS PUT 3 FAKE REVIEWS ON HERE USING MY ID....CLEARLY THEY CAN WRITE THEIR OWN REVIEWS ON HERE PRETENDING THAT THEY HAVE GOOD REVIEWS. YOU WILL NEVER GET YOUR MONEY BACK OFF THIS SCAM COMPANY! TAKE THIS MESSAGE SERIOUSLY PLEASE.Now the scam letters asking for more information. As if, I haven't given enough detail. Samuel stop writing these stupid letters and stop calling me. A real company would want to investigate their staff, for being unprofessional, not telling the truth and not paying their customers when they have promised to. The letters are written by the criminals themselves and the good reviews too. Please learn from my mistakes. I wrote a true and honest review on Samuel Dalhman. Basically he is a liar 100%. Samuel was bragging about his 4 million house and many other houses in other countries. Our money has paid for his opulent life style. He is very abrasive and a liar through and through. Due to me being scammed by him, I now have heart problems. This is what he said to me [19/12, 19:45] Sam: Toni, calm down, your blood sugar might go up[19/12, 19:47] Sam: If some of the fraud agents want to invest, let me know please. I can make a portfolio for them. I can say that my colleague heard you willingly opening trades by yourself. If you think you can fix that your own way with authorities, good luck.His words from WhatsApp: [19/12, 19:38] Sam: I also have 13 rental apartments spread around the city center, all worth roughly about 500k each[19/12, 19:39] Sam: Also have a small boutique house in Sweden as well as one in Tenerife, Spain. House I live in is currently a bit about CHF4,000,000 in the outskirts of Zurich.I've lost about $30k on poker today, it was quite funBasically he scams hard working honest people out of thousands to provide his luxurious life style.As you can see on the WhatsApp messages below. Sam asking for more money, when there is so much money in the account and yet he is refusing to pay my 60k back.[12/12, 13:25] Sam: Please, ask somebody to lend you 5000[12/12, 13:26] Sam: You have 3000 right now, ask somebody for 2000 so we can send 5 and save the account, Toni, please[12/12, 13:26] Sam: We're talking about $345,000[12/12, 13:27] Sam: It's £271,000 we're talking about.The arrogance of this disgraceful bully is all written on WhatsApp. [19.10.24] Sam: Money is the route of all evil is something only poor people say.MONETIO IO ARE PROFESSIONAL SCAMMERS WHO LIVE OFF HONEST HARDWORKING PEOPLE.....PARASITES!!!
2025-01-08
1
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Brokersview Official
Dear, about your problems encountered in this broker, you can submit a complaint with your proofs, Please click the link to submit:https://www.brokersview.com/complaint service@brokersview.com
2025-01-09
1
Reply
Tonina Tammaro
Stay away from this scam company. They steal all your money with lies. You will never get your money back
2024-12-26
1
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