ANSWER Dear Investor,We are concerned that Monetio is a scam.Lack of transparency: Monetio claims to be managed by Interworld Brokerage Group and purports to hold a license number. However, it does not specify the regulator overseeing this license. This lack of transparency raises doubts about the authenticity of their claims. We have not found any corresponding records for this supposedly Comoros Islands-incorporated company.FCA warning: The Financial Conduct Authority (FCA) has issued a warning against Monetio for providing financial services without the required authorization. This further compounds our concerns that Monetio is not regulated at all.Therefore, we strongly suggest you avoid using Monetio. To ensure a safer trading environment, it is recommended to choose fully regulated brokers.
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