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Monex Europe -

Score

1.57 /10
Danger

Monex Europe

United Kingdom

5-10 years

Suspicious Regulatory License

United Kingdom Payment License Revoked

Suspicious Overrun

High potential risk

https://www.monexeurope.com

Influence

C

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Comparison

Quantity 1

Exposure

Open Account
Website

Score

Regulatory Index0.00

Business Index7.43

Risk Management Index0.00

Software Index4.00

License Index0.00

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Website

Licenses

VPS Standard
No restriction on the broker account. Support service provided by WikiFX

Single Core

1G

40G

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Broker Information

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Company Name

Monex Europe Ltd

Company Abbreviation

Monex Europe

Platform registered country and region

United Kingdom

Company website

X

Linkedin

Company summary

Pyramid scheme complaint

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Warning: Low score, please stay away! 5
Previous Detection : 2025-06-21
  • It has been verified that this broker currently has no valid regulation. Please be aware of the risk!
  • The number of this brokers's negative field survey reviews has reached 1. Please be aware of the risk and the potential scam!

WikiFX Survey

Danger

Monex Europe

United Kingdom

WikiFX Verification

Exposure

1 pieces of exposure in total
Pyramid scheme complaint
Expose
Monex Europe · Company summary
Monex Europe Review Summary
Founded1985
Registered Country/RegionMexico
RegulationFCA (Revoked)
Products and ServicesSpot FX, Forwards, FX Derivatives, FX Hedging, Global Payments, API Integration, Multi-currency Accounts
Demo Account❌
Trading PlatformMonex Pay Platform (Web, iOS, Android), Monex REST API
Customer SupportTel/WhatsApp: +44 (0) 203 650 6400
Email: support@monexpay.com

Monex Europe Information

Monex Europe, formed in 1985 and headquartered in Mexico, was previously regulated by the FCA in the UK but has since had its license revoked. The company provides complete foreign currency and cross-border payment services to corporate clients. Their solution includes the Monex Pay platform and a REST API for integration and automation.

Monex Europe's homepage

Pros and Cons

ProsCons
Offers institutional-level FX and payment solutionsFCA license revoked
Supports 60+ currencies and up to 40 multi-currency walletsNo demo accounts available
Mobile & API-based trading and payment platforms availableLimited information about fees

Is Monex Europe Legit?

No, it is not regulated. Monex Europe Limited used to be regulated by the Financial Conduct Authority (FCA) of the UK. The number of their payment license was 463951. However, it is no longer valid because the license state is shows“Revoked”.

Revoked FCA license

Products and Services

Monex Europe offers a lot of different FX products, risk management tools, and global payment services. They offer spot and forward FX, FX derivatives, integrated API solutions, and multi-currency account services. These services support more than 60 currencies and up to 40 currency wallets for businesses that operate around the world.

CategoryProducts & Services
Commercial FX ProductsSpot FX, Deliverable Forwards, Market Orders (Limit & Stop), Margin Credit Facilities
FX DerivativesFX Options, Non-deliverable Forwards (NDFs), Custom Forwards, FX Hedging Strategies, FX Advisory
Global PaymentsMonex Pay Platform, Multi-Currency Accounts (40+ currencies), Batch/Individual Payments, SWIFT Integration
Technology SolutionsMonex REST API, Client & Developer Support, Developer Portal, Customisable Client Portal
Products and Services

Trading Platform

Trading PlatformSupportedAvailable DevicesSuitable for
Monex Pay Platform✔Web, iOS (App Store), Android (Google Play)Corporate clients managing global payments
Monex REST API✔Server-side/API integrationBusinesses & developers needing automation
Trading Platform

User Reviews

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User comment

3

Comments

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FX1042023725
more than one year
Their customer support service is very bad. Responses are so slow, it often takes hours, sometimes days, to get feedback from them.
Their customer support service is very bad. Responses are so slow, it often takes hours, sometimes days, to get feedback from them.
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2022-11-23 16:49
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鸣来乒乓球俱乐部薛浩毅
more than one year
Not a pleasant trading experience with this platform… spreads not tight, terrible customer support made your trading process more troublesome. I have nothing to say, just one piece of advice: move away, never trading with it.
Not a pleasant trading experience with this platform… spreads not tight, terrible customer support made your trading process more troublesome. I have nothing to say, just one piece of advice: move away, never trading with it.
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2022-11-23 13:50
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