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Monex EU Group
On September 10, 2024, the Swiss Financial Market Supervisory Authority (FINMA) issued a warning against Monex EU Group, stating that this broker is not entered in its commercial register. https://www.finma.ch/en/finma-public/warnungen/warning-list/monex-eu-group/
On September 10, 2024, the Swiss Financial Market Supervisory Authority (FINMA) issued a warning against Monex EU Group, stating that this broker is not entered in its commercial register. https://www.finma.ch/en/finma-public/warnungen/warning-list/monex-eu-group/The website of Monex EU Group was established as recently as late March 2024. It does not display any valid licensing information or registration details to substantiate its legitimacy in the market. In addition, the Swiss Financial Market Supervisory Authority (FINMA) has issued a warning against Monex EU Group, stating that this broker is not entered in its commercial register.
In essence, Monex EU Group 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.
Monex EU Group appears to be a scam.
The website of Monex EU Group was established as recently as late March 2024. It does not display any valid licensing information or registration details to substantiate its legitimacy in the market. In addition, the Swiss Financial Market Supervisory Authority (FINMA) has issued a warning against Monex EU Group, stating that this broker is not entered in its commercial register.In essence, Monex EU Group 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.Monex EU Group appears to be a scam.
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