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monetio

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Is Monetio reliable? I don't think they have good reputation.
Maiuta
Cayman Islands
2025-01-09
ANSWER Dear Investor, You are correct. Monetio is not a reputable broker, but rather a suspicious website posing significant risks. Monetio fails to provide necessary information regarding its legal status. This lack of transparency makes it difficult to hold them accountable in case of issues. Additionally, we have identified two websites associated with Monetio, one of which is currently inaccessible, raising further concerns. The Financial Conduct Authority (FCA) has already placed Monetio on its warning list, advising investors to avoid this unauthorized firm. Therefore, Monetio is unreliable and suspected of being a scam. To protect yourself from potential fraud, it is wise to avoid using Monetio.
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Monetio legit or not.
Mohamed Gad
United Arab Emirates
2024-08-20
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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