Monex FX Online Scam: How to Protect Yourself Against Fraudulent Trading Platforms

The world of forex trading has become an attractive platform for people looking to invest their money and make a profit. However, with the increasing demand for forex trading, there has also been a rise in scams in the industry. One such scam is, which claims to be a licensed forex broker. This article will review monexfxonline and provide information on why it is a scam.

Is a Licensed Broker?

No, monexfxonline is not a licensed broker. The website claims to be regulated by the Financial Conduct Authority (FCA) in the UK, but this is not true. The FCA has confirmed that is not registered with them and does not hold a license to operate as a forex broker.

Why Should You Not Trust an Unlicensed Broker?

Unlicensed brokers are not subject to any regulatory oversight, which means they can operate without any restrictions. This lack of regulation makes them more likely to engage in fraudulent activities, such as withholding funds or manipulating trades to their advantage.

Can Be Trusted?

No, cannot be trusted. The website’s claims of being a licensed broker are false, and the company is not registered with any regulatory authority. This lack of regulation should be a red flag for investors, as it means that is not held accountable for any fraudulent activity it may engage in.

What Do Traders Think About

Traders who have had dealings with monexfxonline have reported that the company engages in fraudulent activity, such as manipulating trades and withholding funds. Additionally, the company has been known to use high-pressure tactics to convince investors to deposit more money into their accounts.

Scammed by monex fx online? – Talk To Our Experts

If you have been scammed by monexfxonline, contact us today to schedule a consultation and discuss your options.

If you have lost money to companies like AE Global Link, Raynar Trade, or Oanda, please report it today by bellow form.

File A Complaint Against Scam Brokers

    Online Trading Complaint Form



    Letest Scammer Review

    Forex & Crypto Guide

    Subscribe to Updates

    Get the latest creative news from FooBar about art, design and business.

    Stay in touch

    Real & Helpful Stories