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Monstrade

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Operating status: SCAM

Website: https://monstrade.com

Broker violations and abnormal records
  • 2024-08-29 BrokersView has Reviewed that Monstrade is an Unregulated Broker

    Monstrade claims to be owned and operated by Monstrade Dooel Skopje, is an international broker located in North Macedonia, which offers a range of investment products to traders, including Forex, Indices, Metals, Energies, Cryptocurrencies, Stocks and more instruments for trading in global markets. But it lacks detailed regulatory information. A company that offers financial services must have financial license in the country where it is located.

    Upon investigation, Monstrade is not authorised and regulated by the Securities and Exchange Commission of the Republic of North Macedonia, an offshore authority that doesn't license forex derivatives brokerage activities.

    The truth is that Monstrade is not regulated by any regulators. Letting it hold or control investors'money is unsafe, and the money can not be protected by any laws.

    Monstrade is a scam.

    Monstrade claims to be owned and operated by Monstrade Dooel Skopje, is an international broker located in North Macedonia, which offers a range of investment products to traders, including Forex, Indices, Metals, Energies, Cryptocurrencies, Stocks and more instruments for trading in global markets. But it lacks detailed regulatory information. A company that offers financial services must have financial license in the country where it is located.Upon investigation, Monstrade is not authorised and regulated by the Securities and Exchange Commission of the Republic of North Macedonia, an offshore authority that doesn't license forex derivatives brokerage activities.The truth is that Monstrade is not regulated by any regulators. Letting it hold or control investors'money is unsafe, and the money can not be protected by any laws.Monstrade is a scam.

Related Complaints

Q&A

Scam site Monstrade?

Alie Campbell
French Guiana
2024-09-03
ANSWER Dear Investor,We are concerned that Monstrade is a scam.The website doesn't disclose any licensing details to substantiate its legitimacy, indicating that it is likely not regulated. While it claims to be located in Macedonia, there are no indications that it is authorized there to carry out licensed activities.Therefore, we strongly suggest you avoid using Monstrade due to its unregulated status. To have a safer trading environment, it is recommended to choose fully regulated brokers instead.
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