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Monetio
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-monetioioAccording 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.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
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