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MonFX -

Score

1.42 /10
Danger

MonFX

Singapore

2-5 years

Suspicious Regulatory License

Suspicious Scope of Business

High potential risk

https://www.monfx.com/en

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Score

Regulatory Index0.00

Business Index6.33

Risk Management Index0.00

Software Index4.00

License Index0.00

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Licenses

No valid regulatory information, please be aware of the risk

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

Single Core

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40G

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Warning: Low score, please stay away!
Previous Detection : 2025-02-03
  • It has been verified that this broker currently has no valid regulation. Please be aware of the risk!

WikiFX Verification

MonFX · Company summary
MonFXReview Summary
Founded2005-08-22
Registered Country/RegionSingapore
RegulationUnregulated
Services FX Solutions/MonFX Pay/Industry Knowledge
Tel: +65 6914 0850
Twitter, LinkedIn
Email: info@monfx.com

MonFX Information

MonFX Pte Ltd. is part of the financial services group Monex SAPI de CV (“Monex”), a global investment-grade financial services institution specializing in corporate payments and foreign exchange services. In 2022, MonFX will expand its payment services to account issuance, domestic remittances, and e-money issuance.

MonFX Information

Is MonFX Legit?

MonFX is not regulated, although Monex Europe Markets claims to be regulated by the UK Financial Conduct Authority, making it less safe than a regulated one.

Is MonFX Legit?
Is MonFX Legit?

What services does MonFX have?

FX Solutions: Provides a range of commercial and deliverable FX and FX-related payment services, such as intraday, next-day, and spot FX trading services in more than 60 different currencies, FX hedging solutions, NDFs, etc.

MonFX Pay is a fully integrated online payment platform for international payments. Industry Knowledge: Each client has a dedicated FX dealer and primary contact to provide clients with customized hedging solutions that suit their specific circumstances.

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ANGEL安吉尔
more than one year
I had a very unpleasant experience with Broker MonFX. Their trading conditions were not very clear, and I ended up paying a lot of hidden fees. Additionally, their customer service was not very helpful when I asked for clarification. I found it frustrating to deal with MonFX, and I would not recommend them.
I had a very unpleasant experience with Broker MonFX. Their trading conditions were not very clear, and I ended up paying a lot of hidden fees. Additionally, their customer service was not very helpful when I asked for clarification. I found it frustrating to deal with MonFX, and I would not recommend them.
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2023-03-23 10:11
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琨
more than one year
The company MonFX does not appear to be a forex dealer. So if you are looking for a traditional foreign exchange dealer, such as XM or Pepperstone, don't waste your time here.
The company MonFX does not appear to be a forex dealer. So if you are looking for a traditional foreign exchange dealer, such as XM or Pepperstone, don't waste your time here.
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2022-12-12 11:51
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